How to know when your business is ready to upgrade from spreadsheet forecasting and ordering
For many business, Excel is synonymous with demand planning and ordering inventory. It’s often the go-to choice because of its familiarity and seeming ubiquity. There’s a good chance that the computer you’re reading this article on right now has Excel installed, or access to something similar from Google or Open Office.
But as businesses grow and inventory and complexity increases, Excel stops helping and instead makes your life more difficult. Worse, the inefficiency of ordering with a spreadsheet is costing you money through excess stock and wasted time.
Salesforce reports that almost 90% of spreadsheets have errors in them. So, while spreadsheets can seem like the “free” alternative to dedicated order management software, they’re anything but.
Choosing to use an integrated system like Slim4 from Slimstock means equipping yourself with the tools you need to simplify your life while increasing productivity and profits. The typical ROI for Slimstock customers is 6 – 12 months after implementation. How much more complicated is your ordering spreadsheet going to be 1 year from now?
While you consider the thousand-row answer to that, here are 5 ways to tell you’ve outgrown Excel –