Disadvantages of not using Microsoft software inventory tool and how Octopus Cloud can help?

Inventory is one of the major building blocks of any business and it keeps growing as the business grows. The larger the database the more difficult it becomes to handle the data and mismatching information can cost your business its fortune. Improper inventory management is also a reason why many small businesses fail. The fact is they fail to keep up with the overflowing data and that causes them more losses than profits. Some of the disadvantaged of inefficient Microsoft software inventory tool are the following:

It can decrease the profit of your business in many ways like:

Excessive stock:

Keeping more inventories on hand than necessary might be expensive. Perishable goods may spoil before you can sell them, and adding more warehouse space costs money.

Greater lead time:

Keeping up with retail trends will help you profit from the top products that clients are currently buying. But if you take too long to adjust to the shifting market, clients will turn to your rivals, and you’ll lose market share.

Inadequate stock:

If you don’t have what customers desire in stock, they will place their order elsewhere. Stock-outs will at the very least cost you sales. If they occur, you’ll lose clients.

Here are some instances of the benefits of investing in SPLA license management:

Spending less

So that you never have an overstock or stock situation, order goods in the proper quantity at the appropriate times.

Increasing labor

More efficiency and less time lost seeking lost items or tracking things.

Minimizing space

Better stock control results in better structured and effective warehouses.

At Octopus Cloud AG you get the most out of the Microsoft tool for monitoring SPLA licenses for efficient Microsoft Software Inventory Tools, better inventory management, and better optimization.

See here: SAM tools for IT inventory uses