How to Control & Manage Your Inventory with Inventory Management Software?

Top Rated Inventory Management Software

Establishing a business enterprise in this competitive market is stressful, painstaking, and time-consuming. Managing inventory and fulfilling the consumer’s expectations is an added responsibility which can drain the management to extreme. Organizations look forward to helping in advanced software that is accurate in handling inventory, eliminating overproduction, overbooking, and wastage and cost reduction. A right inventory control management is essential for indispensable business success. With so many Inventory management software coming up today, it might be an erroneous task for the enterprise.

Various factors combine together to help you select the best inventory management software. This buyer’s guide will help you calculate business requirements and choose the right software.

What is Inventory Management Software?

Inventory Software alias Inventory control software is an advanced platform, a solution, and a savior to a business that strives to manage and control of the company builds buys, sells, and stocks. Inventory software helps the management to keep a track of all information, simplify pricing for products, and maintain the most effective stock levels. Smart Inventory management software critically guides the business in facilitating logistical management of products and automating a process that includes trading, ordering, costing, transportation, assembling, storing, delivery, and shipping.

List of Best Inventory Management Software | Top Online Inventory Software

1. Zoho Inventory

Zoho Inventory

About Zoho Inventory:

Zoho Inventory causes you to update your stock amounts over the entirety of your selling channels. It helps in sorting out stock with fundamental subtleties like cost, accessibility, and SKUs. It refreshes singular things and segments as items are assembled and sold. Zoho Inventory makes changes following your stock levels if there should be an occurrence of item shrinkages.

Zoho Inventory Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Retail Inventory Management
  • Warehouse Management
  • Kitting
  • Mobile Access
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 4.5/5                                  » G2crowd: 4.4/5                                     » GetApp: 4.5/5


“Our stock management system has become much better after using Zoho Inventory. We also switched to Zoho Books for our accounting management for its seamless integration with Zoho Inventory”
- CLIVE TAYLOR Managing Director, Doability

2. TradeGecko

TradeGecko

About TradeGecko:

TradeGecko's stock administration framework lets entrepreneurs like you deal with your stock, requests, and clients from one spot. Enabling you to take orders, sell more, and work more astute. With TradeGecko, you can deal with your stock over numerous distribution centers and indifferent monetary standards. TradeGecko's stock administration framework enables you to have the perfect measure of stock at the correct time.

TradeGecko Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Retail Inventory Management
  • Warehouse Management
  • Forecasting
  • Kitting
  • Mobile Access
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 4.5/5                                  » G2crowd: 4.3/5                                     » GetApp: 4.4/5


“I go to places like Vietnam, source the products I like, update the inventory details, and create the purchase orders - all on the spot using TradeGecko!”
- Richard Lim Lim’s Arts & Crafts

3. Stitch Labs

Stitch Labs

About Stitch Labs:

With Stitch labs you can turn stock quicker, keep up higher edges, and lessen manual stock related undertakings, helping you center on selling. The product gives you visibility over various deals channels, stock areas, and phases of the item life cycle. It helps in boosting deals openings without risking overselling. You can exploit marketing systems like packaging and pre-orders with Stitch labs.

Stitch Labs Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Retail Inventory Management
  • Warehouse Management
  • Forecasting
  • Kitting
  • Mobile Access
  • Reporting/Analytics
  • Supplier Management

» Capterra: 4.5/5                                  » G2crowd: 4.2/5                                     » GetApp: 4.5/5


“With a better picture of our inventory and what’s heading out and what’s available, we have accurate data for forecasting.... It’s super easy to get the data you need to make smart business decisions.”
- James Hargett Manager of CX and Fulfillment | Chubbies

4. Sellbrite

Sellbrite

About Sellbrite:

Sellbrite's inventory management software encourages you to deal with your stock in each stockroom. Sellbrite takes out overselling out of stock via consequently altering your stock as deals are made. Accessible stock is matched up to all of your business directs in only a few minutes. Sellbrite offers risk level stock administration highlights as multi-distribution center help, API gets to singular client consents, and stock exchange history. These are accessible right out of the container in an easy-to-learn interface.

Sellbrite Features:

  • Inventory Optimization
  • Multi-Channel Management
  • Warehouse Management
  • Reporting/Analytics

» Capterra: 4.5/5                                  » G2crowd: 4.2/5                                     » GetApp: 4.5/5


“At the beginning I thought Sellbrite might just control inventory, but then I realized you can do way more with the software, like manage product catalog data and create new listings without logging in to your channels.”
- Jin Lin Founder of JJ Designer Jewelry

5. Lightspeed POS

Lightspeed POS

About Lightspeed POS:

Lightspeed's Retail POS causes you to move your stock, give you how your sparkling POS functions, and offer every minute of everyday support. You can get to your retail location from any gadget, anyplace. The vendors can sell packaged, serialized or interesting things and effectively deal with various variations. Tracking unit costs and dusty stock, getting low-stock cautions, and selling into the negatives should be possible by utilizing this software.

Lightspeed POS Features:

  • Allocation
  • Cost Tracking
  • Item Management
  • Procurement Management
  • SKU / UPC Codes
  • Supplier Management
  • Barcoding
  • Forecasting
  • Order Management
  • Reorder Management
  • Serial Number Tracking

» Capterra: 4/5                                  » G2crowd: 4.1/5                                     » GetApp: 4.1/5


“I love the robust inventory management, and all of the different reports I can run to look at my sales from many different angles. Any issues I've ever had with Lightspeed during initial set-up have been solved within an hour by knowledgeable, helpful, and friendly support staff.”
- Fringe

6. Orderhive

Orderhive

About Orderhive:

Through Orderhive's Inventory Management software you can precisely track the level of your active stock. You can also view and synchronize your entire stock and all the business channels and in the single see platform. At the same time, stock administration encourages you to decide and track stock over the stockpile chain. With Orderhive's Inventory Management software, you can have updated stock information anytime, anywhere on your handy gadgets.

Orderhive Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Retail Inventory Management
  • Warehouse Management
  • Forecasting
  • Kitting
  • Mobile Access
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 4.5/5                                  » G2crowd: 3.6/5                                     » GetApp: 4.5/5


“We needed a software that could work as a master of stock, be able to sync stock across three sales channels, push orders to three different warehouses alongside - and most importantly - automate daily task workflows. Orderhive allowed us to achieve that with great precision. Not just that, it saved our team a great deal of time with highly fluid automation of daily repetitive and routine tasks.”
- Stefan Gehrig

7. EZOfficeInventory

EZOfficeInventory

About EZOfficeInventory:

EZOfficeInventory software causes you to watch out for stock checkouts and plan out reservations. You can draw noteworthy reports on use, checkouts, and POs and track resource buy requests, sellers, and lifetime costs. You can modify alarms to oversee stock effortlessly and get cautioned when the stock is low. You can mass scan stock with the iOS and Android applications of the product in seconds.

EZOfficeInventory Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Warehouse Management
  • Kitting
  • Mobile Access
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 4.7/5                                  » G2crowd: 4.5/5                                     » GetApp: 4.7/5


“EZOfficeInventory is intuitive and easy to use, which is why it is no surprise that our entire marketing team was easily able to adapt to this new system [..] I can't believe we were ever using paper in the first place. EZOfficeInventory has helped us tremendously.”
- Jon Mitchell Quicken Loans

8. ecomdash

ecomdash

About ecomdash:

Ecomdash encourages you to develop an image within the retail market, which deals in various locations following your stock and enhance your item contributions with no issues. The product characterizes providers and arranges it by including needs of the item level, guaranteeing quicker transmission and upgrade client correspondence with the mechanized request status. You can also utilize custom posting profiles for explicit commercial centers and can get your very own HTML layouts for better item posting inside your ecomdash account.

ecomdash Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Retail Inventory Management
  • Warehouse Management
  • Forecasting
  • Kitting
  • Mobile Access
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 3.9/5                                  » G2crowd: 3.9/5                                     » GetApp: 3.7/5


“Ecomdash is offered at a great price, they offer fast and friendly customer service, the platform is easy to use & hassle free, and they are constantly adding new marketplaces and partners.”
- Josh Simone CEO of Art Cove

9. Finale Inventory

Finale Inventory

About Finale Inventory:

Finale Inventory Software helps you to efficiently control your stock in various stockrooms. You deal with an item from the time you request it to appear to your clients. This calculates reordering points by stock’s sale speed. Auto-refreshes are made in the selling channels for any stock change to shunt overselling. The software gives numerous adaptable reports that enable you to get the perfect reports to rapidly settle on business choices.

Finale Inventory Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Retail Inventory Management
  • Warehouse Management
  • Forecasting
  • Kitting
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 4.7/5                                  » G2crowd: 4.8/5                                     » GetApp: 4.7/5


“Finale has been a perfect solution for our growing business. Our business manufactures items that require assembly and kitting. Finale's ability to manage and track each component individually as well as when complete kits are sold is very advantageous for our business.”
- Jeff Sposito CEO, Stone Glacier

10. Primaseller

Primaseller

About Primaseller:

Every time you get a request from an online channel or your retail location, Primaseller’s stock administration programming brings that request and naturally refreshes stock data to every single online channel where the item is listed. The cloud-based POS Software is prepared to match up stock at numerous retail locations. It lets you straightforwardly process your online requests and additionally matches up in real-time every one of your Invoices from Amazon, eBay, Magento, Shopify and WooCommerce into QuickBooks.

Primaseller Features:

  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Retail Inventory Management
  • Kitting
  • Mobile Access
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 4.6/5                                  » G2crowd: 4.5/5                                     » GetApp: 4.6/5


“We've started using Primaseller recently. After trying other options and comparing, we're so very impressed with their customer service, they make all the tricky sides of using a new complex program much easier and pleasant. We're really grateful.”
- Violeta Solis-Fuertes

11. DEAR Inventory

DEAR Inventory

About DEAR Inventory:

Using DEAR inventory, you can make product orders containing varieties of similar items. It naturally makes the necessary item information from your current web-based business venture ways, including all portrayals and photographs. You can scan your inventory with a barcode scanner and the software will split in a second then you can select the right passage from your stock – sparing long periods and decreasing numerous human errors.

DEAR Inventory Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Retail Inventory Management
  • Warehouse Management
  • Forecasting
  • Kitting
  • Mobile Access
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 4.4/5                                  » G2crowd: 3.8/5                                     » GetApp: 4.8/5


“Great service from Brad at Dear right up to the last minute of 2017. Thank-you for your efforts to help with the many questions we've been covering off for a prospect. Love how flexible and easy to setup the user permissions are in Dear - no other system can compete on this feature.”
- Gary Williams

12. EZRentOut

EZRentOut

About EZRentOut:

Quickly create, update and manage all your online and offline orders with EZRentOut inventory management software. You can generate customized professional-grade invoices to track payments on monthly orders, schedule orders well in advance, and reserve rental equipment for customers. Track location, maintenance status, and availability of your rentals, set alerts, increase traffic, and reserve items online with this software. With EZRentOut's iOS and Android mobile apps, you can access your rental business from anywhere.

EZRentOut Features:

  • Alerts/Notifications
  • Reorder Management
  • Retail Inventory Management
  • Kitting
  • Mobile Access
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 4.7/5                                  » G2crowd: 4.5/5                                     » GetApp: 4.7/5


“I love how easy the layout is! The customer support is just amazing. I love how customers can suggest features, and the EZRentOut staff takes them into careful consideration based on overall functionality.”
- Julian Barrett

13. NetSuite

NetSuite

About NetSuite:

NetSuite's assembling, dissemination and inventory management abilities are altogether based on the reason that the physical area that an item is made or put away in ought to be unnecessary to your decision-making process. This stock administration software helps realize your store network status with user-identified alerts, advances delivery plans and decreases lead times. It also lets you rapidly Identify and follow up on cost changes as they happen.

NetSuite Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Warehouse Management
  • Forecasting
  • Kitting
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 4.3/5                                  » G2crowd: 3.9/5                                     » GetApp: 4.3/5


“Great reporting and searching tools - combines all company needs - customer records, transactions, accounting, inventory - easy to integrate with most major programs - highly customize-able - easy to assign "roles" to employees to only access what they need in their positions - mostly easy to use and informative help section.”
- Joy G.

14. Multiorders

Multiorders

About Multiorders:

With Multiorders, you can coordinate all business channels and deal with your requests. It helps save time on printing names, refreshing commercial centers with the resulting data, following stock levels and pricing. Multi orders coordinate with the most famous sites like Amazon, eBay, Etsy, Manomano, and more. You can deliver, update your assessing, stock rundown, and the subsequent data instantly. This software consequently imports items, client data, and requests from every single incorporated channel.

Multiorders Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Retail Inventory Management
  • Warehouse Management
  • Forecasting
  • Kitting
  • Mobile Access
  • Reporting/Analytics
  • Supplier Management

» Capterra: 3/5                                  » G2crowd: 5/5                                     » GetApp: 3/5


“I mostly like the scalability. It's infinite. Most of the time if you use a software of this sort either the performance or the cost quickly gets out of hand as your business grows. This is not the case with Multiorders. They have a very conservative price curve, and the enterprise plan makes it the best option in the market by far.”
- Mark T.

15. Zenventory

Zenventory

About Zenventory:

Zenventory, effectively import your underlying things which include item numbers, SKUs, UPC, EAN classifications. It reviews stocks of distribution centers and areas. It helps in computing the "sweet spot" of the amount of “standard level” things make it available to satisfy arranges and permit lead time for reordering. Zenventory can oversee merchant inventories including lead times, request essentials, and pricing. All messages are adjustable and can be sent to explicit Zenventory clients, sellers, 3PL customers, and clients.

Zenventory Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Multi-Channel Management
  • Reorder Management
  • Retail Inventory Management
  • Warehouse Management
  • Forecasting
  • Kitting
  • Mobile Access
  • Product Identification
  • Reporting/Analytics
  • Supplier Management

» Capterra: 5/5                                  » G2crowd: 3.5/5                                     » GetApp: 5/5


“Great inventory management software, very powerful and inexpensive for a small company like ours. It connects our shipping, accounting and order receiving into one solution.”
- Mark K.

Why does a business need Inventory Management Software?

Inventory software works as Inventory Tracking software for business that deals with either of these-production, shipping, warehousing, trading, ordering, assembling, or storing. A business never wants to oversell a product or end up suffering from backorders. Inventory control software is a perfect solution for the company to make sure that the stock is full or needs to be restocked. Critically a business chooses to implement Inventory Management software due to the following benefits;

A Better understanding of stock movements that enables reduced stock level requirement and lower warehousing costs.

Higher consumer satisfaction through visibility of stock level and proper delivery.

Minimization of theft or loss due to proper visibility of stock.

Intelligent inventory tracking system that decreases expenses related to picking, packing, or shipping of inventory.

What are the features that make the perfect Inventory Management Software?

› Inventory Costing

Inventory system software establishes the cost value of inventory and manages profitability through cost accounting methods that include LIFO, FIFO, Average costing method and others.

› Location Tracking

Supports in improving inventory loss prevention by keeping a track of inventory picking, packing, and delivery.

› Stock counting and tracking

Inventory tracking software enables in marinating stocks and keeping a track of the goods. It provides an analyzed report of the hands-on units in the warehouse.

› Product categorization

Perfect Inventory management system software enables product categorization for advanced tracking of products. The categories may be customized according to size, product type, shapes, price category, weight, height, batch code, serial number, and date of manufacturing.

› Search and filter

Inventory system software must be efficient in searching for products based on specific filter options such as location, serial number, and batch code or product type.

› Advanced features

Some of the features that make perfect inventory management software may include price management, billing of materials, inventory audit management, kitting, color and size specification, cost tracking, unit of measure conversion, catch weight tracking, back order tracking, and quality metrics.

What factors must be considered for buying the best Inventory Management Software?

› Integration with accounting software

Inventory control software and inventory audit management are crucial functions that are fuelled with accounting software integration. Always look for software that has integration features and works well with accounting software installed in your system. Ask your vendor to integrate or look for third-party solutions.

› Cost of ownership

Various vendors charge differently for the software, based on product support, data storage, implementation, training, additional features, upgradation, and others. Always look out for the features that you are getting for the price. Calculate the cost of ownership before purchasing your inventory software.

› Cloud-based

Most of the advanced software’s have cloud-based capabilities which are also an added feature. If you are investing in inventory management software for small business, you might not require this feature. However, for medium or large scale business, having cloud-based software can be profitable. Users can access inventory details irrespective of location, hence the sales may not restrict to a particular location only.

What are the benefits of Inventory Management Software?

› Manages products for sales success

A Business that deals with sales have to manage stock in order to meet customer’s demand. Simultaneously, it is not easy to have extra stock on hand. Without proper management software, companies may end up overstocking of products, hence ending up blocking cash resources, incur warehouse expenses, and create losses due to sale by restrictions. Inventory management system solution offers a comprehensive solution by controlling products, maintaining prices and eliminating cash resource blockage.

› Automates inventory tasks

Gone are the days when business maintained inventories in books of records. Such traditional methods were time-consuming and ended up with errors. Inventory control software automates the complete management with its advanced tools. Business can now integrate the software with books f accounts-meaning purchase; sales can be automatically integrated with warehouse records. Companies can now easily now when there are purchase or sales and the exact items available in stock.

Additionally, there are the enhanced features played by inventory control software which are beneficial for the companies;

Lowers incidents of theft

Improved supply of goods due to the visibility of stock

Improved financial performance of business due to calculated sales and purchase

Accurate reporting of financial accounting and inventory management

Eliminates storage issues

Automates repeat purchase

Monitors stock transfers, purchase, and shipping

What is the cost of Inventory Management Software?

Vendors charge for Inventory management software depending on the number of users, a number of warehouses, and level of inventory records, additional features, and deployment method. It also includes the cost of integration, training fees, upgradation, and annual subscription charges. The upfront prices may start from $40 per month and go up to $500 depending on the vastness of business requirements.

Conclusion

A good Inventory Software Solution will automate companies’ work process, setup order quantities, and trigger sales force. Inventory data is equally important as financial data to make business decisions. A business must choose comprehensive inventory software that helps in understanding consumer demands, areas that need attention, eliminate the overstocking, reduction of resource waste, and boosting the company’s profit through better sales strategies.

Frequently Asked Questions (FAQs)

What is meant by inventory management system?

Streamline your inventory with inventory management software. You can easily monitor, optimize, and control your inventory through the software. The software is also helpful to improve supply chain efficiency. You can audit and manage your inventory effectively through inventory management software. Let’s understand some important features of the software.

What are the features of inventory system?

  • Asset tracking
  • Inventory optimization
  • Search/filter
  • Inventory auditing
  • Inventory Control and forecasting
  • Stock notifications
  • Product identification
  • Product categorization
  • Barcoding & Scanning
  • Purchase order records
  • Actionable inventory analysis
  • Multi-location management

What are the advantages of inventory management software?

  • Improved Efficiency
  • Saves time & money
  • Improved accuracy of inventory orders
  • Enhanced inventory tracking
  • Minimizes inventory theft
  • Organized Warehouse
  • Minimize Inventory Cost
  • Maximize Sales & Profit
  • Automation
  • Maintain customers' need
  • Improved financial reporting

What is the best software for inventory management?

  • Zoho Inventory
  • TradeGecko
  • Stitch Labs
  • Sellbrite
  • Lightspeed POS
  • Orderhive
  • EZOfficeInventory
  • ecomdash
  • Finale Inventory
  • Primaseller
  • DEAR Inventory
  • EZRentOut
  • NetSuite
  • Multiorders
  • Zenventory

What is the best free inventory management software?

  • Odoo
  • PartKeepr
  • Stockpile Inventory Management
  • Skyware Inventory
  • Delivrd

How much does a inventory management system cost?

The software can begin around $29/month/user to $52/month/user.

 

Share the Good News!

Top INVENTORY MANAGEMENT SOFTWARE

If your Software is part of this list, use this badge on your website and social media to let your readers know about your success.

Leave a Reply

Your email address will not be published. Required fields are marked *