Top Inventory Management Software: Streamline and Optimize Your Inventory Operations

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.

List of Best Inventory Management Software
Our Score98/100
  • Archon Systems
  • Canada
  • $71.00/month
  • Yes

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Our Score98/100
  • Zoho
  • United States
  • $49.00/month
  • Yes

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Our Score98/100
  • Sellbrite
  • United States
  • $19.00/month
  • Yes

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The Top 20 Inventory Management Software of 2023

#1. inFlow Inventory


» About inFlow Inventory:

The perfect balance of a simple, intuitive interface and ubiquitous support services, inFlow is an inventory management software designed for item-based businesses to track merchandise, manage orders, generate invoices, curate reports and handle other trade and transaction operations.

Companies of all sizes, large, medium and small trust inFlow to paint the big picture for their offices using data analysis for informed decision-making. Efficient and time-conscious, the software hosts product lists, tracks the transit status of stocks, and organizes the inventory using DYMO printer generated barcodes.

These barcodes also aid in product identification and order distribution.

Sales, purchase, and reorder management is carried out through B2B portals.

It offers billing of materials, invoices, and other receipts along with secure online payment portals and punctual order procurement, shipping, and delivery.

inFlow’s flexible compatibility with user platforms like Windows, iOS, and Android helps you stay at the top of your game by viewing everything you need to know in a simple click.

Integrations like Shopify, Amazon, QuickBooks, and Zapier uncomplicate everyday tasks of e-commerce, accounting, and automation.

Protected by 256-bit SSL security and worldwide backups, inFlow caters to one-on-one online onboarding demos and knowledgeable support every step of the way.

» Starting Price:

$71.00/month (nFlow Cloud Light is $71/month with two team users paid annually.)

» inFlow Inventory Features:

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

» Capterra: 4.6/5                             » G2crowd: 3.4/5                                » GetApp: 4.6/5

“We needed the ability to run a small number of inventory items outside of our current ERP. However, we quickly realized how much better and easy to work in inFlow was, so we’ve been migrating over for the past year. It’s a great powerful tool and I highly recommend it!”
- Rachel Wu - Griffin Distribution., President

#2. Zoho Inventory


» About Zoho Inventory:

Business expansion over multiple channels is possible only by integrating advanced inventory management software.

Zoho Inventory is one of the best inventory management software that streamlines business operations, enabling them to effectively manage inventory, purchase order, sales order, and shipments.

This GST-ready inventory management software saves business GSTIN and auto-populates itself as soon as there is a purchase, sales, invoicing or billing.

Zoho Inventory is a fully-packed, AI-powered inventory management system with item-kitting features that can be customized to suit every business.

Integrating Zoho Inventory, additionally helps in managing sales over digital marketing platforms like Amazon, eBay, Etsy, or Shopify.

The sales team can now efficiently manage offline and online orders with this integrated order management system.

Zoho Inventory is equipped with an end-to-end tracking system that helps in tracking the movement of each item from warehouse to salespoint.

Providing real-time shipping rates and in-transit details is another major feature delivered by Zoho Inventory to its clients.

This small business inventory software offers free demo to new clients and helps you evaluate the most important features.

Zoho Inventory saves time by creating invoices and allowing the team to managing the company efficiently.

Zoho Inventory is available on the monthly and annual subscription. Clients can try a free trial plan to try out features before buying it.

» Starting Price:

$49.00/month/user (Basic-$49,Standard-$99,Pro-$249)

» 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

#3. Sellbrite


» About Sellbrite:

Overselling is one of the biggest bottlenecks in selling business which can be overcome by efficient inventory management software like Sellbrite.

Giving you complete control of inventory and eliminating overselling of products, Sellbrite is one of the most sorted business inventory software.

This user-friendly platform offers enterprise-level inventory management features and helps the business in establishing a balance between stock, sales, and purchase orders.

Whether the business deals in hundreds and thousands of items, Sellbrite offers centralized inventory management from one easy-to-use interface.

The software allows its users to view and manage reserved, on-hand stock levels and available products easily.

Sellbrite lets the business handle its FBA quantities across all other channels through its automatic inventory adjustment features.

Sellbrite is one of the best small business inventory software that provides user-friendly advanced features to save you from overstocking.

Its multi-channel inventory control feature assists the business in tracking inventory, automate orders routing between various warehouses and provide complete warehouse control.

This inventory and order management software is a unique platform with great customer service, and 14 days trial period enabling the users to understand the importance of integrating Sellbrite.

» Starting Price:


» 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

#4. Lightspeed POS


» About Lightspeed POS:

All-in-one inventory management software is a gift of technology for any growing business.

Lightspeed is the only retail POS that helps in the smooth running of the business, optimizing stock and managing sales.

Since its inception, Lightspeed grew more than four times, thankfully for its user-friendly design and advanced features.

This impeccable business inventory software is termed as a complete retail management solution, smart, scalable technology that levels up the business.

The software helps in transferring stock, an access point of sales, stock, thrive and sell through any device.

Lightspeed POS is not just any inventory management software but a platform that keeps you updated on your customers as well.

Get customers' profile, purchase history, and customer’s categories with POS solution.

Additionally, Lightspeed provides extra support in fulfilling consumer demand, special orders, layaways, work order management and ensure timely delivery.

With a one-on-one boarding system, Lightspeed delivers 24/7 support through webinars, videos, and absolutely free demo.

Whether you sell a bike, apparel, electronics, or sporting goods; Lightspeed POS allows you to handle your inventory and manage sales on the go! This easy to use inventory control software provides access to inventory management tools that streamline with workflow and helps in growing your business to the next level.

» Starting Price:

$69.00/month (Billed annually. Prices may vary depending on choice of bundle)

» 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

#5. SkuVault

Skuvault-Inventory Management Software

» About SkuVault:

SkuVault’s eCommerce inventory management software makes running your eCommerce business a breezy task.

It packs in hassle-free workflows in a platform that is easy to use for anyone in your team, regardless of their technical expertise.

From inventory management to warehouse organization, the system is designed to accelerate your processes when it comes to order fulfillment.

As a result, the pick-to-ship cycle becomes more efficient, completing orders on time, each & every time.

The fact that the system can sync your disparate sales channels only makes your business operations more streamlined.

Thanks to the automation this inventory management system brings in, you are able to eliminate shipping mistakes and incorrect shipments, along with the standard errors caused by manual entries.

Moreover, its Quantity Buffers help you maintain the desired marketplace quantity levels.

That means you would never oversell or end up understocked. What’s more? The system consists of smart analytics and reporting functionalities, enabling you to make precise inventory forecasts for maximizing your sales.

At the same time, it would also improve the quality of your business decisions with its data-driven insights, making growth a consistent plan.

Since it is a cloud-based inventory management solution, you can work no matter where you are.

Besides, the software provides hassle-free integrations with other leading e-commerce solutions, such as Shopify, BigCommerce, eBay, and Magento.

For an out-and-out seamless experience, it also works well with other business tools, including ERP, accounting and CRM tools.

» Starting Price:

$299 per month for 2 users (Growth plan $299, Pro - $449, Enterprise - $899)

» SkuVault Features:

  • Inventory Management
  • Warehouse Management
  • Order Routing
  • Inventory Location
  • Barcode Scanning
  • Cycle Counting
  • Quantity Buffers
  • Reporting & Analysis
  • Powerful Integrations

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

“SkuVault had the easiest user interface and was the easiest on our inventory guys to update and maintain.”
- Jason Havey / COO, Onnit

#6. Katana

Katana inventory Management Software

» About Katana:

Known for its balanced set of functions going beyond your sales and inventory operations, Katana Manufacturing ERP software is for every manufacturing business wanting robust control with out-and-out visibility.

The solution comes in with a live inventory management tool to enable you to have a real-time look at your business at any given time.

You can leverage its functions to optimize products and raw materials while managing everything in one place - be it scheduling, resources, or production.

That way, it relieves you from switching between multiple tools, saving you both time and money.

Using Katana software also streamlines your e-commerce and B2B sales orders, thanks to its omnichannel order management features.

On top of that, you can track materials, expiry dates, batches and much more, which improves your overall productivity while minimizing the risks and process errors.

And since the platform is built with an intuitive, easy-to-use interface, it becomes possible for everyone on your team to adapt to it swiftly.

With its smart purchase order management, you can efficiently eliminate one of the biggest problems of businesses, which is stock-outs and overstocking.

In fact, the system also facilitates using multiple currencies for hassle-free value conversions of purchase orders.

Besides, this software provides you with seamless integrations with most of the leading accounting, e-commerce, CRM, and reporting software solutions available in the market. You can opt for its free 14-day trial to understand how the tool works for you.

» Starting Price:

$99.00 /month

» Katana 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: 4.8/5                             » G2crowd: 4.5/5                                » GetApp: 4.8/5

“We knew we needed more than spreadsheets but didn’t like the idea of paying a crazy amount for a huge system we would not fully use, and Katana was what we needed without a ton of fluff. Having a system track inventory and what stage it is in is incredibly helpful and has helped our team clearly delineate the order of operations for each product in our catalog.”
- Sarah Zinger - Director of Production Logistics at System76

#7. Orderhive


» About Orderhive:

Orderhive is cloud-based inventory management software that deals in everything- from order fulfillment, e-commerce automation to handling product movement.

This single platform solution is an answer to all queries about making smarter business decisions.

Orderhive is a modern technology that deals in real-time inventory synchronization, e-commerce automation, and simplified purchase management and delivers quick analytical reports.

Offering 15 days trial period, Orderhive allows its users to understand the importance of its features and how they are helpful in business growth.

This Inventory control software keeps inventory levels under optimized control by cutting guesswork and accurately tracking product movement.

Orderhive is no less than wonder software which takes care of cost-cutting, automates the manual task, and synchronizes entire inventory across sales channels, warehouses, and distribution centers.

Additionally, Orderhive features include simplified product management, catalogue management, and inventory visibility, reduce risk of overselling and underselling, produce real-time inventory reports, manage purchase history, stock count form, price adjustment, stock adjustment, reorder back-ordered products, COGS management, inventory audit reports and many more.

Orderhive is easy to integrate inventory software that showcases the major difference in making business decisions.

The platform is available for 15 days trial to help the users evaluate each feature and understand its usability in business growth.

» Starting Price:

$0.01/month (Flat 55% slashed! Subscriptions to now start at $44.99/month*.)

» 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

#8. SOS Inventory

SOS Inventory Software

» About SOS Inventory:

If you are into QuickBooks Online, SOS inventory is the best compliment for your business.

SOS inventory gives you full access to your inventory for multiple locations, and you can track all your products right from your home.

Its backorder tracking, automatic order processing, and process manufacturing features give you an edge over other software.

You can create assemblies and track them and also have multiple stages of work-in-progress.

It will help you micromanage your inventory and assemblies from your computer. You can even track the history and current position of a particular item with its serial number.

Unlike Quickbooks Online, you can create and track sales orders here.

You can also prepare the invoice and integrate your packing and shipping processes with Quickbooks.

It also integrates with major websites like Shopify, Paypal, and Bigcommerce- so you can control all the parts of your business seamlessly.

You get around-the-clock email support and call support during office hours to solve any of your queries.

And you can leverage the emergency code deployment feature to keep managing the websites even when there is an error in the Quickbooks server.

So, SOS inventory is the best choice for all the small to medium-sized product-based businesses- whatever industry you are from.

» Starting Price:

$49.95/month/user (Plus-$99.95/month,Pro-$149.95/month)

» SOS 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: 4.4/5

“SOS Inventory has been a real time saver & has allowed us to implement a robust process for inventory close each month, as well as timely information for our management.”
- Mitchell Nishi

#9. Megaventory


» About Megaventory:

Megaventory is a cloud-based inventory management solution which is designed for medium sized businesses, including retail, wholesale or manufacturing companies, franchises and nonprofit organizations.

It allows you to manage sales and purchase orders, sales quotes, backorders, dropshipping, consignment, partials, returns, inventory with serial numbers and barcodes – all with capabilities for multiple users!

The inventory management feature focuses on providing inventory at multiple locations, keeping check of the stock level, checking supplier availability and ensuring an on-time return of inventory.

The manufacturing of physical goods, on the other hand, works in modular steps which allow to understand and interconnect operations from one end of the supply chain to the other, while monitoring costs throughout the process.

Its features include sophisticated user permissions, customizable user strings and reporting, full data import and export, multiple currencies and exchange rates, pricing rules, significant self-localization and customization elements (including creating custom documents) and a rich API.

Integrations in Megaventory, additionally help in managing different related activities such as sales on e-commerce platforms (Shopify, Woocommerce and Magento), accounting (Quickbooks) or connection to other apps (Zapier).

Megaventory is a must have tool because not only does it provide a tool to log supply chain operations, but it is the basis for the correct handling of the procedures involved in these operations.

Adopt Megaventory for successful management of your company for as little as USD 150/mo! Signup for a free trial or book a call today!

» Starting Price:


» Megaventory Features:

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

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

“I love Megaventory because of its simplicity in the way it achieves the target. It helps me manage all the basic functions I need for our wholesale clothing business.”
- Umair Arif / General Manager, Three Layer

#10. ShipMonk


» About ShipMonk:

ShipMonk packs a major punch with its proprietary software solution by merging order, inventory, and warehouse management into one clean, easily digestible interface.

Every part of ShipMonk's software was built with growth in mind, so that small to medium-sized eCommerce businesses can truly take their business to the next level with reliable, user-friendly technology.

In addition to providing eCommerce business owners with next-level support, ShipMonk also caters to crowdfunding campaigns and subscription boxes, meaning that merchants can effortlessly expand into other business ventures without skipping a beat.

ShipMonk's software has it all — with nothing more than a few simple clicks, merchants can upload SKUs, check inventory levels, track orders, calculate shipping rates, export important data, and so much more.

Upon logging into their accounts, merchants are instantly greeted with a comprehensive dashboard of their current operations, with virtually everything they could need right at their fingertips.

And, with over 60 integrations with online marketplaces, shopping carts, and solution providers, it's almost guaranteed that every eCommerce business owner will be able to seamlessly sync their online POS systems with ShipMonk.

That means that whether you're a seller on Amazon, eBay, Etsy, Shopify, Cratejoy, Weebly, Target, or Walmart, ShipMonk has you covered.

» ShipMonk Pricing:

See all pricing options

» ShipMonk Features:

  • Forecasting
  • Kitting
  • Multi-Channel Management
  • Product Identification
  • Reporting/Analytics
  • Retail Inventory Management
  • Warehouse Management

» Capterra: 4.3/5                             » G2crowd: 4.6/5                                » GetApp: 4.3/5

“ShipMonk has helped us grow in ways that would never be possible without their help. Their expertise in every step of the fulfillment process – from inventory management to packaging and shipping – has been, and continues to be, invaluable.”
- Dorian Wagner / Founder of CatLadyBox

#11. eChannelHub


» About eChannelHub:

eChannelHub is a multichannel ecommerce platform that simplifies and automates online listing and syncing of products, inventory, orders, processing, and shipping across all marketplaces, shopping carts, shipping solutions and ERPs through a single, centralized interface.

From offering listing tool for marketplaces, to real-time inventory sync tool, order management system, and much more, we have it all covered for you.

eChannelHub aims to take the pain out of your multichannel sales and empower you to focus on your core business aggressively rather than worrying about stock management, having updated product data, shipping the orders and other similar tasks.

Fully integrated with all leading channels, our multichannel ecommerce platform allows retailers to spend less time updating, enhancing and formatting product data, thus enabling them to focus more on selling.

The fast-growing ecommerce industry offers a lot of scope to everyone – from big names to the startups.

And we aim to help everyone planning to claim a pie of this multichannel ecommerce through our multichannel ecommerce platform, which is ably supported by our competent, young team.

We believe in pushing the envelope, and are ready to take risks, think out-of-the-box, and experiment to learn, grow, and add value.

And our driving force is to dream big and act in sync to make those dreams come true.

We are proud to be called “problem solvers par excellence” and believe in doing the common things – albeit with a difference, to arrive at better end results.

» eChannelHub Pricing:

See all pricing options

» eChannelHub Features:

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

» Capterra: -                             » G2crowd: -                                » GetApp: -

“I would recommend eChannelHub to any business looking for a Multichannel Ecommerce Platform.”
- Susan

#12. Deskera Books


» About Deskera Books:

Deskera Books is all you need for inventory management and automated bookkeeping.

Deskera Books is a cloud-based, intuitive inventory management and accounting software which helps you to automate your inventory management.

Unlike other inventory management software available in the market, Deskera Books has both inventory management and inventory accounting, so once you have fulfilled goods, your COGS are updated on the real-time.

Deskera Books built-in compliance helps you to generate accounting and tax reports confidently and with ease.

With Deskera Books user-friendly interface, users can start using the system within a few hours.

Whether you have a small dropshipping business or a big wholesale business with multiple warehouses, Deskera Books has it all covered for you.

With Deskera Books, your stock levels and stock valuation is automatically updated whenever you receive stocks or fulfill orders from your vendors and customers.

Also, Deskera Books allows you to create multiple fulfillments against bills and invoices.

Deskera Books also has advanced inventory features such as Pick, Pack & Ship, Dropship, Backorder, Warehouse Management, Stock Transfer, Stock Adjustment, Inventory Reports.

Keep tabs on your business with advanced inventory reporting. With Deskera Mobile App, you can view your real-time inventory anytime, anywhere.

» Deskera Books Pricing:

See all pricing options

» Deskera Books Features:

  • Alerts/Notifications
  • Inventory Optimization
  • Mobile Access
  • Multi-Channel Management
  • Product Identification
  • Reorder Management
  • Reporting/Analytics
  • Retail Inventory Management
  • Supplier Management
  • Warehouse Management
  • Pick, Pack and Ship
  • Dropship

» Capterra: 4.1/5                             » G2crowd: 4.3/5                                » GetApp: 4.1/5

“My business has been excellent since I started using this application online. This application is very user-friendly, I can do everything on my phone. I can send professional estimates on the spot, receive payments from almost any source, send receipts, ... everything.”
- Clyde Thorpe

#13. Finale Inventory


» About Finale Inventory:

Finale Inventory is cloud-based multichannel inventory management software for smarter growing businesses.

One of the best warehouse management software, Finale Inventory is trusted by most of the world’s smallest and medium scale businesses for its indispensable features.

The software is designed to solve all the inventory needs, keeping in mind the importance of centralization, multipurpose integration, and warehouse management.

With advanced order management features, the business can prevent costly stock-outs, calculate reordering points based on product sales velocity, make smarter purchasing decisions, and handle restock forecasting. In addition to being the best inventory and order management software.

Finale Inventory has a comprehensive out-of-the-box barcode inventory control solution as well. This feature is designed to increase warehouse facility by using multi-operational mobile barcode scanners.

Finale Inventory explicitly coordinates warehouse and online sales channels and helps in updating frequent changes in the stock.

The platform has a powerful reporting engine that provides customizable reports to help to make quick business decisions.

The product is a transparent, affordable, and advanced platform that speaks for itself.

Since its inception, Finale Inventory has collaborated with thousands of companies and offered customizable features to fulfill individual requirements.

This top-quality best inventory software believes in providing bets recommendations, perform customizations, and empower businesses to grow with confidence.

» Starting Price:


» 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




KORONA POS offers retailers powerful reporting and inventory management that helps businesses effectively and sustainably scale.

Its reporting and analytics bring more insight into your pricing, promotions, individual products, ordering, and more.

And once you have this information, its inventory management allows you to seamlessly implement any changes and automate future processes.

With these features together, KORONA POS provides an invaluable resource for businesses of all sizes, from single-store mom and pop shops to international chains and franchises.

The software provides end-to-end tracking for every product in your database.

Automated ordering, store orders, and order level optimization ensure that you have the right products at the right time.

Stock notifications, custom par levels, and real-time changes keep you informed throughout each day.

Plus, remote access allows you to monitor this from any location. Businesses can also break down the data by hundreds of metrics and retail KPIs through a back-office dashboard.

This includes powerful ABC analytics for individual products.

All ordering can be completed through the point of sale, including special features for franchises and chains that assist with multi-location management.

The software is available for a free trial with no commitments. The KORONA POS team will also schedule a personalized demo for anyone interested.

» Starting Price:


» KORONA POS Features:

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

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

“We transitioned multiple software solutions looking to find something that would fully integrate while also helping us dig deeper into our sales data and manage our inventory more closely. Korona has provided solutions for all of those things and made it so much easier to manage our business uniformly across all three tasting room locations as well as managing our Wine Club and online store. Of all the software solutions we transitioned to this year, Korona greatly exceeded the customer service of all others. While other solutions were hard to get in contact with (especially with a real person), Korona was always easy to reach, extremely personable, knowledgeable, and quick to help.”
- Oniqueh G. Wine Club Manager

#15. Edgefinity IoT

Edgefinity IoT inventory software

» About Edgefinity IoT:

Edgefinity IoT is the perfect blend of RFID software and real-time database.

You can track assets, manage people and locate inventory with this software. It works best for you to manage large inventories, and ensure the safety of your employees.

Its core abilities include asset tracking, inventory tracking, safety and security, and shipping-receiving.

So it gives you an all-around coverage for your product-based business.

RTLS software (real-time location system) enables it to track inventory in real-time and make quick decisions based on them.

You get instant notifications and alerts for all incidents regarding your archive.

So managers can have an eye on the updates of the inventories regardless of where they are at one instant.

You can also pinpoint the location of a particular asset or even an employee. You can also look at the time your employees signed in or signed out of the system.

You can access the data from your browser, so your device will not be a problem.

As an IoT platform, this platform can even manage automatic tasks like locking the door, turning on or off the power, etc.

In short, Edgefinity can let you relax when it overviews the inventories for you.

» Starting Price:

Its pricing starts from $138 per month for enterprise license and $204 per month for Fusion license.

» Edgefinity IoT Features:

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

» Capterra: -                             » G2crowd: -                                » GetApp: -

“We can have an average of 189 pieces a month of average value of $500 each in transit, so being able to keep track of that is critical. We could not have grown as quickly as we have without the CYBRA system.”
- Dennis Abrahamson - Inventory Manager at Elite Medical Supply

#16. ERPLY

Erply top inventory management software

» About ERPLY:

Erply helps you track everything you are selling, and manage the orders, sales, and deliveries in one place.

It prevents any item from being out of stock or stocking too much, so it cannot cause any space deficiency in your system.

Erply also provides valuable reports with information of sales history, orders from customers and suppliers, stocks that need an immediate refill, and even the inventory moving to a different location.

It not only helps you keep a tab on the current status of your inventory, but it also guides you to manage them with advanced features like accepting orders from multiple sources, linking relevant information to them, controlling inventory of multiple warehouses, and connecting suppliers directly with the products to automate the ordering process.

It lets you offer gift cards and coupons and sell them as a set or individually according to your customer demands. You can even create a customer database, create customized sales promotions and control the user access to strengthen your security.

All your information is collected and stored in a cloud-based model and provides you with valuable data like the type of product your customers are more interested in and curates your marketing strategy around it.

It helps you streamline your process of selling and make it quicker and smoother with an improved customer experience.

» Starting Price:

$39.00 /month (Inventory for webshops and warehouses )

» ERPLY Features:

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

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

“Erply offers a feature packed solution that grows along with the business. There are an incredible amount of features and ways to customize Erply. Other software always had limitations however with Erply, there are none. It does everything and more.”
- Paul S. - Vice President

#17. EZOfficeInventory


» About EZOfficeInventory:

One of the world’s leading cloud-based inventory management software, EZOfficeInventory performs stock tracking and keeps its users updated with real-time inventory data.

This end-to-end inventory tracking software easily fits into your business and delivers out-and-out services.

Now it’s easy to keep an eye on your stock, manage incoming and outgoing product movements, keep track of warehouse items, manage and track purchase orders, lifetime costs, draw actionable reports checkouts and scan mass inventory easily with any device.

The traditional concept of manual inventory management was not only time consuming but a tedious job.

EZOfficeInventory is the inventory control software that helps the business overcome hassles of stock-outs, inaccurate stock count, missing equipment, and time-consuming labour with cloud-based flexible hacks.

EZOfficeInventory is an easy-to-setup, extremely intuitive solution which helps the management track exact location of products, and set up purchase order accordingly.

This incredible platform is available on the mobile app which gives you mobility and allows you to handle warehouse and track items through Barcodes, QR Codes and pulls them on systems to run reports, assign custody and set thresholds.

EZOfficeInventory is the brilliant inventory control software that eliminates chances of stock-outs, increases operational efficiency, and control assets while saving time and money.

» Starting Price:

$35.00/month (Pay for what you need pricing

» 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

#18. Primaseller


» About Primaseller:

Software that connects customers, sale depot, warehouses and wins more sales for the business is considered as the best inventory management software.

Primaseller is among the best POS, inventory and order management software with impressive features and out-of-the-box consumer services.

This platform is specially designed for modern retailers who look forward to integrating a centralized, synchronized inventory software that easily integrates into multi-channel businesses selling both offline and online.

Primaseller is a cloud-based platform managing e-commerce orders in a single place and keeping the stock count reliable and secure.

Additionally, Primaseller manages suppliers and procurement process with automated purchase orders, create and manage customers’ orders, create a single database across retail stores.

The software provides insightful analytics on sales across multi-channels. Every time the business receives orders on online channels, Primaseller automatically updates inventory information across selling stores, wherever the product is listed.

This platform acts as a digital catalogue where the team can update product information, add new products, synchronize pricing, and product groupings.

Transfer, track inventory, manage bundle kits, create suppliers, map products, print and scan barcodes are few more additional features offered by this Omni-channel inventory management software.

» Starting Price:

$59.00/month (From $59 to $299 for all business sizes)

» 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

#19. NetSuite


» About NetSuite:

Manage and optimize your global supply chain with an efficient inventory and order management software like NetSuite.

This software is a virtual gift by app designers to the manufacturers who struggled to find the best product management and order management software.

NetSuite is not just limited to manage supply chain but is equipped with impressive features to handle product data management, planning and scheduling inventory, work order management, manufacturing execution system, product distribution, planning, and execution of product supply, warehouse management, and inbound-outbound logistics.

The product offers various native tools and features to help in tracking inventory from multiple locations, manage safety stock, re-order points, cycle counts, demand planning and distribution planning of products.

NetSuite offers unique capabilities for companies that are based solely on high advanced inventory management software.

The system enforces detail screening of inventory by serial number and full traceability features. This software automatically generates product catalogues based on categories, volumes, and types.

It automatically prompts counting of items and standardizes inventory accuracy to eliminate stock counting errors.

The software is backed by highly professional customer support that guides you through each feature and helps in proper integration.

» 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.

#20. DEAR Inventory


» About DEAR Inventory:

Finding the right inventory management software for your business had never been so easy!

With DEAR Inventory manage all your business operations, warehouse management, accounting, B2B portals, purchasing, manufacturing, and various other functions on a single platform.

This immensely feature-riched inventory control software evolves, manages, analyses, and automates every aspect of your business with a centralized online platform.

DEAR Inventory is a seamless, easy, affordable, and efficiently active platform which empowers business in effectively managing biggest investments and get up to date inventory knowledge.

This is one of the best inventory software in the market which upgrades your traditional ERP models to high speed and cost-effective true cloud ERP software.

DEAR Inventory simplifies the challenges faced by wholesale level production management with its impeccable features.

It offers access rights to management for specific locations, drop-shipping, manages product families, transfer stock between locations, stock adjustments, purchase, and sales history, reorders stock level and unlimited bin location.

Additionally, this platform provides analytical reports on product availability, inventory movement, product price list, stock level, reordering, stock-crisis, inventory aging, and batch expiry, job costing material and finished good reports.

Trusted by numerous fortune companies, this product is available for 14 days trial period that helps you analyze its features and integrate wisely.

» Starting Price:

$199.00/month (1 month free with annual subscription)

» 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

#21. EZRentOut


» About EZRentOut:

Equipment rental software EZRentOut is one of the best inventory and order management software that helps small scale businesses grow easily.

This inventory software has all the time-saving tools that make it easy to manage a warehouse, product movement, invoices, sales, and purchase orders, online stores from anywhere.

With EZRentOut, tag, and track construction tools, setup maintenance calibrations schedules, set asset custodians, keep track of orders, and manage rental assets, customers and invoices from a single platform.

The software helps in scheduling advanced orders, reserve rental equipment for customers to avail of conflict-free bookings.

Its inventory management features help in tracking product location, product movement, maintenance status, availability of rentals, set handy alerts to prevent stock-outs, and streamline online stores.

EZRentOut helps in accessing assets across locations and analyses reports to reduce cost and increase productivity.

This trusted asset tracking software eliminates all your hassles by simplifying operational workflows.

It is relatively easy to use interface which keeps track of your inventory, manage rentals, set custom templates, manage import and exports, and efficiently manage the business operation.

» Starting Price:


» 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

#22. Multiorders


» About Multiorders:

Integrate your business system with an advanced multi-channel inventory and order management system like Multiorders.

Offering perfect workflow with its advanced features, Multiorders has been popular among several software review sites as well.

The software is easy to use, affordable inventory management platform. It integrates smoothly with all sales channels- both offline and online, manages orders, optimizes workflow solutions, connects shipping carriers, prints labels, manages pricing and stock levels.

The software connects all the shipping orders on various carries and helps you manage the stock with just one click.

It automatically updates orders and inventory levels through tracking features.

Multiorders understand the importance of time and save you from switching over numerous sales channels. It updates pricing, stock lists, tracking information with a single click.

Additionally, this software helps businesses integrate with multiple online sales channels like Amazon, Big Commerce, eBay, Etsy, and others.

It automatically imports consumer information, purchase history, and order details that help in managing future orders as well.

This multichannel e-commerce and inventory management software is easily available for trial that helps you understand its usability.

By managing orders and inventory at the same time, Multiorders is proving itself a boon to numerous fortune companies for futuristic growth.

» Starting Price:

$49.00/month (Free Trial-14 days, unlimited orders Small - $49 Medium-$149 Large-$249)

» 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: 4.7/5                             » G2crowd: 5/5                                » GetApp: 4.7/5

“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.

#23. Zenventory


» About Zenventory:

Zenventory is among the best business inventory software that provides a time-saving, efficient, cost-effective solution to control orders and inventories on a cloud.

Offered at the game-changing price, Zenventory is equipped with advanced features to track inventory, manage orders on multichannel portals.

The platform is specially designed for small business that wants to leave a mark on the world’s market with progressive workflow.

The software offers unlimited user access, multiple warehouses at no additional costs.

The software works on any desktop are mobile-friendly and require no software to maintain.

This cloud-based platform is equipped with dynamic features like item management, vendor management, cycle counting, inventive par level, and kitting, multi-warehouse ready and low-stock alerts.

Zenventory allows the user to connect any device, tablets, and mobile apps to efficiently track goods movement.

Now it has become easier to locate stock on multiple locations and improve picking efficiency. This multi-channel ready software is highly customizable and helps the business to integrate the solution wisely.

Zenventory offers to choose warehouse locations according to business requirements, eliminate majority errors regarding pick process, and stay on top with stock level alerts.

The product offers full support and is available for a trial period as well.

» Starting Price:

$99.00/month (Unlimited users, orders and SKUs in every pricing tier.)

» 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.

Inventory Management Software Buyer's Guide

What is the definition of Inventory Management?

The meaning of inventory management in business terms is the way to control and track the entire inventory of your business, right from the initial purchase to manufacturing to storage to sales.

It will control how your goods would flow in and out. In other words, inventory management helps you maintain the right stock levels, at the right place, at any given time.

What is Inventory Management Software?

Inventory management software is a tool that enables you to track goods and inventory levels across the supply chain of your business.

Think of it as a solution that maps the entire journey of your products. Right from the order placements with your vendor to its delivery to your consumers, the software tackles it all.

How to choose the best inventory management system?

To get the most out of inventory management software, you must select the right solution.

And for that, it’s vital to know which features make up the best solution. A good inventory management solution facilitates tracking of your entire inventory - both raw material and finished goods.

It also incorporates functions to forecast inventory levels to serve customers better.

An effective inventory software contains barcode scanning capabilities to free you from data errors and offer automation.

At the same time, it provides real-time alerts and updates to save you from out-of-stock/overstocking scenarios. Is that it? No. The most important factor is to see if the software is scalable and offers seamless integrations with other systems, such as accounting software.

6 Best Free and Open Source Inventory Management Software

There is a massive evolution in the warehouse software technologies recently.

Companies can now optimize their time, money, and resources with greater profitability. Business establishments look up to robust, scalable, and well-organized inventory management software systems.

Free and Open source Inventory management software system for warehouses facilitates tracking several details with efficient and organized inventory data.

It can range from tracking inventory levels, orders and deliveries, and much more. Inventory data of warehouses was before stored in hard-copy spreadsheet formats.

But now, inventory management software can take care of it with great resourcefulness. Some of the core features of open source inventory management software are:

Asset Tracking
Optimized Inventory Management
Organized Warehouse Management
Product Identification

You can align all your warehouse operations and can perform with productive results.

This is possible by choosing from some of the most popular and scalable inventory management software free of cost.

1. Odoo

Odoo is a highly acclaimed free inventory management system. It provides a unique double-entry inventory system. Also, it empowers easy internal operations in great capacity.

You can improvise your stocking methods and can track every stock movement from purchases to sales orders.

You can create customized dashboards to remember the key information.

Odoo can help you generate real-time progressive reports. You can save and share these reports with anybody.

2. ABC Inventory

ABC Inventory is a free inventory software designed to optimize stocks from procurement to storage to sales.

The software monitors inventory in multiple warehouses, tracks sales order lifecycle -from delivery to payment, and simplifies inventory management using interactive ROI and reports. Perfect for small and midsize businesses, ABC’s free inventory-tracker is a robust solution with an impressive range of features.

ABC Inventory management ensures flexibility and enables on-the-fly customizations for your specific needs.

Besides a raft of benefits, the software can be installed on a number of workstations and the database has no limit for the number of records.

3. Stockpile

Stockpile is a free online inventory management system designed to assist small enterprises and at home users with sales recording, inventory tracking, location management, and reporting.

Stockpile simplifies inventory management and makes it quick and easy. Besides an incredible feature-set and unmatched free support, the software enables companies to manage users through a tiered access model while administering locations, shelves, manufacturers, and preferences.

Stockpile open-source inventory management software comes with a reporting module that provides businesses access to invaluable inventory turnover details. Stockpile’s impressive feature- set makes it a go-to choice for online inventory management.

4. inFlow On-Premise

inFlow On-Premise is a desktop-based inventory management software suitable for small and medium-sized enterprises to monitor inventories.

Part of the feature- set includes filling out customer orders, reordering stock, producing purchase invoices, and generating custom reports.

inFlow On-Premise free inventory software is by far the easiest way to run and manage your product-based business.

The software is designed for a wide range of businesses and sectors, including wholesalers, retailers, suppliers, healthcare, eCommerce, and government.

Hosted locally, it streamlines workflow by putting products and profits in one place and offers enhanced visibility.

inFlow inventory software synchronizes data over a local network to ensure users stay in sync even without the internet.

5. PartKeepr

PartKeepr is a free and open source inventory management software.

It offers rapid scanning of databases, stock reordering tools, and stock tracking tools.

The software offers a clear overview of the products at your disposal, and the blazing-fast part search makes it an excellent inventory tracking tool.

PartKeepr enables companies to enter all pertinent data sets and parameters of parts that they require.

Besides a range of incredible features, the global stock history view allows businesses to view any changes or removals from the entire inventory. Usability is central to PartKeepr.

The software offers a tailored layout to meet user-specific needs and provides an enhanced experience.

6. ERPNext

ERPNext is a free multi-lingual inventory management software designed to efficiently meet all inventory tracking needs.

It helps small and growing businesses effortlessly track and seamlessly manage inventory across multiple channels and devices.

This free inventory management system comes with a centralized dashboard that offers a bird’s eye view of the entire inventory and is the most efficient stocking method.

Whether it's implementing quality inspections or maintaining multiple price lists, ERPNext can be tailored to your business requirements.

ERPNext helps manage orders and warehouse transfers from a single system and makes returns easy and smooth to process.

5 Best Manufacturing Inventory Software

Manufacturing Inventory Software is designed to help manufacturers track inventory levels for optimal production and distribution of goods.

Inventory is central for businesses dealing with physical products, and efficient inventory management helps manufacturers save money and improve operational efficiency.

A robust manufacturing inventory management system assists companies in seamless management of production, inventory, clients, and transactions.

This is done using various methods to automate and control inventory.

Manufacturing inventory software dramatically improves efficiency, eliminates errors, and streamlines the manufacturing process.

These tools are flexible and can be tailor-made to meet your needs.

Listed below are the top manufacturing inventory management systems. Please take a look...

1. Fishbowl Manufacturing

Fishbowl is a manufacturing inventory management software designed to help manufacturers save money and operate more efficiently.

It is an invaluable tool that helps in streamlining the manufacturing process.

Tracking inventory levels in real-time and monitoring inventories in multiple warehouses can be efficiently managed from one centralized solution.

The variety of modules allows close monitoring of virtually any aspect of physical asset tracking. Fishbowl’s unparalleled ease of use makes it incredibly effective software for manufacturing inventory.

The sales module of the software allows for effective tracking of lead times as well as sales item forecasting, ensuring you are never behind on the available inventory.

2. MRPeasy

MRPeasy is a cloud-based manufacturing inventory software suitable for small and medium-sized manufacturers.

This Manufacturing Resource Planning( MRP) software is advanced, user-friendly, and helps businesses to stay on top of their stock and inventory.

MRPeasy’s all-in-one manufacturing software assists users in seamless management of production, inventory, clients, transactions, finances, and team.

The software helps manufacturers stay organized with effective manufacturing planning and reporting, real-time inventory analysis, accurate and timely deliveries, and offers a complete business overview.

This simple solution comes with a CRM feature that helps businesses easily access all customer details, account transactions, and history.

3. IQMS ERP Software

IQMS manufacturing inventory management system provides manufacturers with a single solution to track and monitor the entire manufacturing process.

IQMS is an all-in-one manufacturing and ERP solution that encompasses every important function.

It allows businesses complete management and control over all aspects of manufacturing including supply chains, workflows and processes, accounting and payroll, and scheduling.

This software can be customized to suit different manufacturing operations.

The software is available as either a cloud-based or on-premise solution, making it accessible to a variety of businesses.

The software uses real-time data to respond to fluctuations in customer needs and enables companies to examine how the production process actually works.

4. NetSuite

NetSuite is a robust, comprehensive, and easy-to-use manufacturing inventory control software.

It offers unique capabilities in tracking inventory across multiple locations. Besides helping manufacturers with integrated inventory and warehouse management, the program also assists in demand and distribution requirements planning.

Netsuite is offered as a cloud-based solution and can be used by manufacturing businesses to manage production orders and ensure base restocking inventory level.

It offers a multitude of tools to automate operations. NetSuite’s Inventory Count Functionality results in increased accuracy of inventory levels.

The software offers native tools such as easily navigable hierarchical dashboards, multi-location planning, and custom process workflows to monitor stocks across locations.


ERPAG is a cloud-based manufacturing inventory software for small businesses and mid-sized enterprises.

This enterprise resource planning (ERP) solution comes with an impressive feature-set that includes sales management, purchasing, manufacturing management, accounting and finance, inventory management, and reporting and analytics.

ERPAG manufacturing inventory software is sophisticated, intuitive, and easy to use.

The program is flexible and can be tweaked and tailored to fit the requirements of your business.

The software is equipped with small business marketing and offers a full range of business process applications.

From MRP, inventory management, POS (point of sales) to financial reporting, ERPAG offers a comprehensive business system and captures the traditional desktop ERP experience.

5 Best Retail Inventory Management Software

Retail Inventory Management Software is suitable for all types of businesses, from small retailers, big enterprises, and multi-channel retailers, to name a few.

Retail inventory management software helps businesses maintain accurate stock-level counts.

The best retail software keeps track of costs, orders, deliveries, locations, and cash registers across multiple channels through a POS (Point-of-Sale) system.

Inventory levels across locations are automatically updated. A retail inventory system offers a range of other features such as product analytics, integrated shipping, and order fulfillment management.

One of its key features is to enable retailers to create multi-channel loyalty programs to encourage repeat purchases.

Mentioned below are some of the top retail inventory software. Please take a look...

1. Lightspeed

Lightspeed is a cloud-based retail inventory software that simplifies time-consuming tasks such as inventory management and employee control.

With a fully integrated eCommerce platform, multi channel loyalty and contactless payments, Lightspeed’s advanced POS is designed for the future.

The software synchronises products across channels and keeps track of inventory from one retail POS system.

Lightspeed retail is perfect to turn one-time shoppers into loyal customers through omnichannel loyalty.

It allows retailers to craft a tiered rewards program to encourage repeat purchases. Lightspeed’s smart inventory management tool monitors all that contributes to your success with real-time analytics and built-in retail reports.

2. Brightpearl

Brightpearl is a retail inventory management software specially designed for retail business models and multichannel retail brands.

The all-in-one inventory and order management software streamlines inventory tracking with a system that combines inventory, sales, execution, warehouse management, purchasing, CRM, accounting, reporting, and POS.

With a powerful workflow automation functionality, the program allows users to seamlessly manage multi channel inventory management, multi-location inventory control, and automate repetitive tasks.

The software provides a complete inventory overview across all stores, both online and physical sites.

Inventory levels at any location are automatically updated and it provides a range of other features such as product analytics, integrated shipping, and order fulfillment management.

3. Stratus Enterprise

Stratus Enterprise retail inventory system is a comprehensive cloud-based software designed for real-time management of all retail channels through one system, and on one master database.

It combines high-end features with elegant simplicity and provides a streamlined solution to retailers.

Stratus’s retail inventory management software offers tight control of the inventory across all locations, including supermarkets, warehouses, and more.

The software offers a suite of tools such as Open-To-Buy and ERP that helps businesses reduce inventory overheard, improve efficiency, forecast stock levels and automate reordering.

Stratus’s right POS integrated with the right online and in-store inventory systems expedites fulfillment and provides enterprise-wide visibility and automation.

4. Square for Retail

Square for Retail is one of the best-known retail inventory management software for small businesses.

Not only is it one of the best value POS systems, but the software can be tailor-made to suit your business requirements. Square for Retail is a cloud-based point of sale (POS) system with a brilliant feature-set such as inventory management, customer relationship management, and reporting and employee management.

The solution comes with integrated payment processing as well as integration with all Square hardware.

Designed to boost sales and cut costs, Square’s point-of-sale solution for retailers offers a suite of smart tools, right from tracking sales and inventories to rich analytics.

5. iVend Retail

iVend Retail is an omnichannel retail inventory management system encompassing everything, from point-of-sale (POS) to back office to head office operations.

Designed to deliver superior customer experiences throughout the shopping process, the software provides accurate, real-time visibility into inventory levels and helps you stay at the top of your game.

The software provides complete inventory visibility throughout the business and allows users to check stock levels from anywhere in the store.

With iVend Retail, product SKUs can easily be managed and priced across all channels and customer groups.

It provides highly accurate stock counts and performs cycle counts effectively.

One of its key features includes creating multi-channel loyalty programs for both new and regular customers.

5 Best Multi-channel eCommerce Inventory Management Software

Multi-channel eCommerce inventory management software assists companies to sell products across different channels of distribution.

A multichannel eCommerce software is designed to simplify omnichannel eCommerce and enhance consumer engagement.

Multichannel inventory management is an invaluable tool when you sell across various sales channels, marketplaces, and online stores.

The software provides accurate sales forecasts and perfect inventory management that leads to improved performance and efficiency.

A multichannel eCommerce platform offers more avenues for sales and boosts customer loyalty.

The best eCommerce inventory management software enables businesses to upgrade their inventory management capabilities, monitor inventory across all stocking locations and channels, and improve transparency. Listed below are the top multi-channel eCommerce inventory management software. Please take a look...

1. ecomdash

ecomdash is a multi channel inventory management software designed to assist small and midsize online businesses to track manufactured items, serialized inventories, variations, and bundled items.

This web-based tool automatically synchronizes eCommerce data across multiple sales channels, manufacturers, warehouses, vendors, partners, and dropshipping services.

Some of its key features include automatic inventory sync, distribution, and channel-wise purchase management.

The software allows users to manage inventory more effectively across platforms and provides real-time inventory updates for an unlimited number of channels.

ecomdash consolidates multi-channel orders from a centralized dashboard and allows better control of multi-channel product listings.

2. Stitch Labs

Stitch Labs is a multichannel eCommerce inventory management software designed for medium-sized retailers looking for complete visibility and scalability to centralize and simplify inventories and operations.

Stitch Labs helps businesses boost the sales potential of their inventory, respond quickly to operational demands, and control inventory from one place.

The software updates stock across multiple channels automatically and can be integrated with eCommerce platforms, marketplaces, POS inventory software, shipping, and fulfillment systems.

Besides providing multichannel inventory visibility and control, the software comes with myriad features that help retailers cut costs, maximize profitability, and smartly scale omnichannel operations to meet customers’ needs.

3. Sellbrite

Sellbrite is an eCommerce inventory management software that offers a suite of features such as order management, product management, channel analytics, and inventory control.

Suitable for small and midsize businesses, Sellbrite offers tools and automation to optimize a listing, prevent overselling, and accelerate fulfillment.

The program offers centralized inventory management with a user-friendly interface. Sellbrites cloud-based, channel management platform can be integrated with popular marketplaces such as Amazon, eBay, Walmart, Etsy, Shopify, and others.

Sellbrite personalized reporting and dashboards track and monitor available stock and inventory rates across multiple warehouses and channels.

The software’s multi-warehouse automation renders businesses flexibility. Sellbrite is offered on a tiered subscription basis.

4. Zoho Inventory

Zoho Inventory is a multi channel inventory management software designed for small to midsize businesses to streamline multichannel selling, improve efficiency, and fulfill orders rapidly.

The cloud-based solution from Zoho optimizes inventory and order management from purchase, packaging, to payments with multi-channel selling, delivery integrations, and effective inventory control.

Zoho Inventory can be integrated with multiple E­commerce sites such as eBay, Etsy, and Amazon.

The software comes with a powerful analytics, reporting kit, and an impressive feature-set, which includes inventory replenishment to prevent stock-outs, full order fulfillment and management, billing and invoicing, diverse selling channels, and much more.

5. SkuNexus

SkuNexus is an order management and stocking software suitable for mid-market and enterprise businesses to scale orders, inventory, distribution operations, and processes.

By giving access to the source code of the platform, SkuNexus provides customizable control, performance, and scalability.

The software allows physical stores and warehouses to track inventory in real-time. SkuNexus forecasts future inventory demands and makes accurate predictions using real-time data.

The software’s feature-set includes real-time inventory, quick omnichannel fulfillment, and development of custom workflows. For modern, fast-growing brands and retailers.

SkuNexus is an ideal solution to avoid the pitfalls of sales management and sell efficiently across multiple channels.

Types of Inventory Management Software

An inventory management system can integrate all the tasks associated with any organization with the best technology solutions in terms of shipping, purchasing, ordering, receiving, storage of inventory, tracking, turnover, reordering, etc.

A solid strategy is very much needed to run the supply chain system effectively that operates daily.

There are multiple inventory management applications available and it’s difficult to choose the right one at the same time that must fit inside your needs.

If you are looking for the best inventory software, you need to understand the types of inventory software. Let’s understand the major types of software.

There are mainly seven different types of inventory management systems that can be suitable for any size of businesses out there:

› Periodic method

This sort of inventory management system works fine when the inventory data gets entry into the system and it’s well-suited for small-sized businesses to maintain the lesser quantity of goods.

For sending data periodically to the inventory system, the periodic method is adopted and it is a good one for heads starting with small businesses.

There are also some disadvantages to this system:

If a count doesn’t appear then no information will be sent to you regarding sold goods costs or inventory balances.

This drawback will generate another drawback of significant adjustment when the complete count occurs.

At the time of countless sessions, there will be no accountability in terms of obsolete inventory & scarp losses.

Even with the drawbacks, to be on the top of inventory management strategies, you don’t need large cycle counts & your strategy will be better for small & mid-size businesses.

› On promise inventory management system

Covered under the single license & usually hosted on the local server of the client. The on-promise inventory management system is a bit expensive due to the complicated setup & little hardware installation.

› Barcode systems

For finding & moving stocks easily & with better efficiency, mobile-based scanners & barcode systems are useful. You can have quick, efficient, and easy transfer options for shipping, packaging, and picking.

› SaaS inventory management system

The software as a service inventory management system typically hosted on the server of the vendor & has some monthly paid subscription. As an owner, you don’t need to follow updates, maintenance & installation work.

› Cloud-hosted Inventory management system

With free basic plans, the cloud-based inventory management system is highly affordable & can be taken globally. You neither need updates nor any fee for the maintenance.

› RFID tagging systems

Without any sort of assistance from employees, this system can efficiently scan your products, but at the same time, it can be more expensive.

However it might suffer from the interference problems and also transitioning with the RFID can be costlier for suppliers, transport companies, and even for consumers.

› Perpetual systems

For the continuation of inventory records, the perpetual method is the most significant.

One of the beautiful advantages of the perpetual inventory management system is to have better information about the inventory level and also lowered the number of physical counts.

If you wish to send data constantly to your inventory system then this approach is better suited and it is very much comfortable for the large size businesses.

It can save money & time by not going further for the stock levels with better updates.

To make it very efficient, you need to have the strong support of the inventory management system & further subsystems. However, along with the benefits, there are some drawbacks too:

You need to rely on special-purpose inventory management software or tools and it comes with the high pricing.

You should be up to date with this system & it all depends on deployment.

Recorded & actual inventory might be different so this will generate multiple discrepancies.

It can be a hard task to select the suitable one as per the need & condition as there are multiple factors presented like: benefits, pricing, features but at the same time, it is just a start line that you have to cross.

Through the help of a better inventory control system, your business will get more profit and you can be competitive in the business environment.

So it’s time now for you to focus on the real-time tracking with the cloud-based inventory system.

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.

Questions to ask a vendor when buying best Inventory Management Software

1. Does this inventory management software offer updates on the inventory levels in real-time?
2. Would I be able to manage my multiple warehouses with this single software?
3. Does it offer centralization of data?
4. How does your solution minimize human intervention? What is the accuracy level?
5. Can the system forecast and track various processes, such as sales and budget?
6. Can I integrate the software with other systems that my business already uses, for instance, payment processing and accounting?
7. How do product grouping and categorization work?
8. Can I make purchase orders from the software itself?
9. Does the software work across devices?
10. Can I set a distinct minimum level for re-ordering various products?
11. What level of customization do you offer? Does it come at an extra cost?
12. Is there support for reporting?
13. Can the system provide trends and analysis at any given time?
14. How rapid is the implementation process?
15. How would you rate your after-sales service?
16. Have you worked with a client in my niche before? Could you help me with some case studies of your clients?
17. How long would the training period be?
18. Can the system scale, along with my organization’s needs?
19. Is the pricing all-inclusive?

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.

Inventory Management Statistics

    1. For every sale worth $1, American retailers approximately carry $1.43 in inventory. [aACE Software]
    1. Out of all the retailers, 72% have plans of reinventing their supply chain that not only offers real-time visibility but is also powered by sensors, automation & analytics. [Zebra Technologies]
    1. As per the Bain & Microsoft survey, 56% of respondents intend to up their investment in predictive planning and demand forecasting in 2021. [Bain & Company]

56% of respondents intend to up their investment Inventory Management Statistics

    1. 66% of warehouses hope to expand their technology investments, according to the study by Motorola Solutions. [Modern Materials Handling Magazine]
    1. 43% of all the small businesses surveyed are not into inventory tracking. [PackageX]
    1. Inventory, together with accounts payable and accounts receivable, has $1.1 trillion tied up in cash. [IMPO Magazine]
    1. Over the past 5 years, the amount of inventory on hand, depending on the average everyday sales, has grown by 8.3%. [Supply Chain Digest]
    1. Up to 73% of the surveyed warehouses are interested to use mobile devices for fulfilling their inventory management needs. [ValuTrack Corporation]
    1. Approximately 67.4% of supply chain managers rely on Excel spreadsheets for their inventory management responsibilities. [PackageX]
    1. About 42% of distribution centers and warehouses are anticipated to make investments in automation and technology. [Logistics Management]
    1. The average retail operation in the United States has only 63% of inventory accuracy. [PR Newswire]
    1. About 34% of businesses are guilty of delayed shipping of orders because they accidentally sold an item that was out of stock. [Peoplevox]

About 34% of businesses are guilty Inventory Management Statistics

    1. The inventory distortion cost (including stockouts, overstock, and shrinkage) across the globe is estimated to be about $1.1 trillion. [IHL Group]
    1. Lowering the scenarios of overstocking and stockouts can reduce the overall cost of your inventory by 10%. [Zebra Technologies]
    1. The retailers based in the US are observed to have struggled with demand forecasting & planning. While 44% of them succeeded in implementing retail inventory solutions, 51% admitted to needing improvements. [Statista]
    1. 36% of professionals belonging to the supply chain sector say that one of the key drivers of their analytics plans is the optimization of inventory management for a balanced demand and supply. [Logility, Inc.]
    1. 6% of retail supply chain professionals are keen on increasing investments in omnichannel fulfillment. [Statista]
    1. As per a survey, 34% of organizations are clueless about the performance of their suppliers. [Chartered Institute of Procurement & Supply (CIPS)]


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.