Categorization of SMEs with respect to adoption of IM techniques
Category 1- companies need to consider themselves lucky to have somehow survived till date. However, they need to start acting without losing any more time and learn the basic principles of inventory management and start implementing it with a clear road map to move to category 4
Category 4- companies are most likely trying to improve their systems even further and need to continue doing that to adapt to changes as needed depending on their nature of business.Companies in this category may find themselves at different stages of IT adoption in general. Some
companies may be using standalone inventory management software applications where as some other companies may be using more comprehensive systems.They need to assess whether their existing solution is scalable enough, whether it is integrated with other processes that touch inventory management processes like order fulfilment, quality management and so on.
Category 2 and 3- companies are at a point where they need to take a decisive step towards adopting Information Technology to address not only their inventory management issues, but to improve the way their entire operations are conducted. In fact, they should evaluate SAP Business One, a comprehensive, robust can scalable solution from SAP which has been developed keeping the SME sector in mind. Since we are talking on inventory management here, let us see how SAP Business One helps you adopt some of the fundamental best practices of inventory management.