Best Inventory Management Software (Free and Paid)

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 that can drain the management to the extreme. Organizations look forward to helping with advanced software that is accurate in handling inventory, eliminating overproduction, overbooking, wastage, and cost reduction. The right inventory control management is essential for indispensable business success. With lots of inventory management software coming up today, it might be an erroneous task for the enterprise to select one. There are various crucial factors that combine together to help you select the best inventory management software. The information provided in the following list might help you calculate business requirements and choose the right software. Best of luck!

  • 4.5 avg. rating from 05 reviews

Last Updated: September 18, 2025

1352 Software

Top 10 Inventory Management Software

Xero

Xero

   (4.5)

$29 Per month

List of Best Inventory Management Software (Free and Paid)

Pricing Options

Monthly Subscription

Annual Subscription

One-Time Payment

Quote Based

Features

Reorder Management

Vendor Managed Inventory

Barcode/Ticket Scanning

Returns Management

Multi-Currency

Sales Reports

Purchase Order Management

Inventory Optimization

Inventory Management

Real Time Data

Multi-Channel Management

Cost Tracking

Invoice Management

Retail Inventory Management

Kitting

eCommerce Management

Customer Database

Product Identification

Shipping Management

Reporting/Analytics

Multi-Location

Inventory Control

Forecasting

Warehouse Management

Supplier Management

Point of Sale (POS)

Alerts/Notifications

Accounting Integration

Status Tracking

Order Management

Inventory Auditing

Inventory Replenishment

Artificial Intelligence

Company Size

Self Employed

Small Business

Medium Business

Enterprise

I'm looking for Inventory Management Software that is:

DiaTrac

Shaping Precision, Streamlining Success.

DiaTrac is an advanced inventory management software crafted exclusively for the diamond and jewelry industry. It helps businesses efficiently track stock, manage sales, purchases, and customer data with real-time accuracy. By offering complete visibility into every transaction, DiaTrac minimizes errors and ensures smooth day-to-day operations. Its AI-driven insights provide powerful analytics an... Read more about DiaTrac

Free Trial

Available

Pricing Type

Contact Vendor

Location

India

InventoryPal for Shopify

Inventory Management for Shopify Makers & Brands

InventoryPal is the Shopify-first inventory and COGS platform for makers. Turn invoices into raw materials, BOMs, WIP, and audit-ready costing—without spreadsheets or ERP bloat. Built for brands in skincare, food & beverage, coffee, candles, supplements, and more, InventoryPal gives instant answers to “How many can we make?” and “What’s our true COGS?” while keeping migration simple. Read more about InventoryPal for Shopify

Free Trial

NA

Pricing Type

Contact Vendor

Location

Singapore

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Frequently Asked Questions

Inventory Management Software helps businesses track stock levels, manage orders, monitor product movement, and streamline purchasing and warehouse operations.

Retailers, wholesalers, manufacturers, eCommerce businesses, logistics companies, and distributors use Inventory Management Software to maintain accurate inventory records.

It prevents stockouts and overstocking, improves order accuracy, enhances supply chain visibility, reduces manual errors, and helps control inventory-related costs.

Key features include real-time inventory tracking, barcode scanning, order management, stock alerts, multi-location tracking, supplier management, reporting, and integration with POS or ERP systems.

Look for real-time updates, multi-channel support, integration with eCommerce and accounting tools, mobile access, demand forecasting, and user-friendly dashboards.

Yes. It automates inventory tracking, streamlines reordering, reduces waste, and helps businesses make faster, data-driven supply decisions.

It improves inventory accuracy, boosts customer satisfaction, enhances profitability, supports business scaling, and reduces time spent on manual stock tasks.

Retail chains, eCommerce stores, manufacturing units, warehouses, pharmaceutical companies, and food and beverage businesses benefit the most.

Yes. Small businesses use it to manage limited stock, automate reordering, and reduce human errors without needing complex systems or large teams.

Absolutely. Enterprises use it to maintain centralized inventory control, monitor stock movement across warehouses, and manage complex supply chain operations.

Yes. It adapts to new products, warehouses, sales channels, and higher transaction volumes as the business expands.

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Best Free Inventory Management Software