Inventory Management Report 2014 from Software Advice

• 96% of people looking for an inventory management solution are doing so for the first time. That's an impressive number as it indicates that more and more people are moving from less efficient solutions (such as pen and paper or spreadsheets) to more advanced methods. The market is opening and we're only now starting to see the results of cloud technologies being put to use. These are exciting times indeed!
• A staggering 73% of those looking for inventory management take the best-of-breed approach. In other words, instead of going for a solution which will cover all their business needs (email, storage, accounting, inventory, CRM, etc.) in one suite, they instead pick a different application or solution per function. We've already wrote a post about that and we're glad to see our view being confirmed by the market itself.
• More than 90% of inventory management buyers are after basic inventory control, barcode and scanning and demand forecasting - all areas Megaventory excels at. This again confirms our choices in what to include in Megaventory and reaffirms our understanding of the market. It's no easy thing navigating the industry and knowing what features to support but it feels good to get it right.