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Gbeminiyi Ogunleye
3 months ago
Overview
Does It Make Sense to Buy Inventory Management Software
If your business sells products, an inventory management system makes sense. While some companies handle inventory management manually, doing so can become unwieldy over time as businesses scale upwards.
According to Zion Market Research, the worldwide inventory management software segment was worth $2.58 billion in 2023 and could reach $7.69 billion by 2032. That works out to a 12.9% compound annual growth rate from 2024 to 2032.
The research firm adds that inventory management applications are useful for tracking levels, sales, orders, and deliveries of products. Businesses that invest in such tools want help to easily manage, track, and control inventory in real-time, whether the products are onsite, offsite, or a combination of both. The right inventory management system can be a game-changer.
