Top 10 Inventory Management Software

Inventory Management Software

It is difficult, time-consuming, and stressful to establish a business in such a competitive market. Additional responsibilities include managing inventory and meeting consumer expectations. This can lead to management being overwhelmed. Companies are eager to use advanced software to manage inventory accurately, eliminate overproduction, overbooking, wastage, and reduce costs. For a business to succeed, It can be difficult to choose the right inventory management software for your business.

it is vital that they have a good inventory control system. There are many factors that can help you choose the right inventory management software. This buyer’s guide can help you determine your business needs and select the right software.

What is Inventory Management?

In business terms, inventory management is the process of managing and tracking all aspects of your inventory. This includes everything from initial purchase through manufacturing, storage, and sales. It controls how goods flow in and out. Inventory management, in other words, helps you keep the right stock levels at the right time.

What is Inventory Management Software?

Inventory Management Software allows you to track inventory and goods throughout the supply chain of your company. It is a tool that tracks the entire product journey. The software handles everything, from order placements with vendors to delivery to consumers.

How do you choose the best inventory management software?

You must choose the best inventory management software to get the most from it. It is important to understand which features make the best inventory management software. An inventory management system that is well-designed will allow you to track your entire inventory, including raw materials and finished goods. To better serve customers, it also includes functions that allow you to forecast inventory levels. Barcode scanning is an important feature of any inventory software.

This will help you avoid data errors and automate your work. At the same time, it provides real-time alerts and updates to save you from out-of-stock/overstocking scenarios. What is it? No. It is important to determine if the software can be scaled and integrated seamlessly with other systems such as accounting software.

Top 10 Inventory Management Software

1. inFlow Inventory

InFlow, an inventory management software for item-based businesses, offers a simple interface with ubiquitous support services. It allows you to track merchandise, manage orders and generate invoices. You can also curate reports and manage other trade and transaction operations. InFlow is trusted by companies of all sizes and mediums, small, large, and large. It uses data analysis to help them make informed decisions. The software is efficient and time-conscious and can host product lists, track the status of stock transit, and organize inventory using DYMO printer-generated barcodes. These barcodes are also useful in order distribution and product identification.

B2B portals are used to manage sales, purchases, and order management. You can bill materials, invoices, and other receipts online. There are secure online payment portals. It also offers punctual order procurement, shipping, and delivery. InFlow’s flexibility with platforms such as Android, iOS, and Windows allows you to view everything you need in one click.

Shopify, Amazon, and Zapier integrate seamlessly with each other to simplify the tasks of eCommerce, accounting, and automation. InFlow offers one-on-one support and security with 256-bit SSL encryption.

Key of features

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

Pricing: $71.00/month.

Also read: 5 Best Warehouse Management Software for Small Business

2. Zoho Inventory

Advanced inventory management software is essential for business expansion across multiple channels. Zoho Inventory, an inventory management software, streamlines business operations. It allows users to efficiently manage inventory, sales orders, and shipments. The GST-ready inventory management software automatically populates itself whenever there is a purchase or sales. Zoho Inventory, an AI-powered inventory management software that is fully packed and customizable to fit every business’ needs, has item-kitting capabilities.

Integration of Zoho Inventory allows for sales management on digital marketing platforms such as Amazon, eBay Etsy, or Shopify. This integrated order management system allows sales staff to efficiently manage both offline and online orders. Zoho Inventory has an integrated tracking system that tracks every item’s movement from warehouse to salespoint.

Zoho Inventory offers its clients a number of important features, including real-time shipping rates as well as details about in-transit. The software is free to all new clients. It also allows you to evaluate the most important features. Zoho Inventory allows you to save time and allow your team to manage the company efficiently. Zoho Inventory can be accessed on a monthly or annual basis. To test out the features, clients can get a free trial to see if they like it before purchasing.

Key of features

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

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

3. Sellbrite

Sellbrite inventory management software can help you overcome the problem of overselling. Sellbrite, which allows you to manage your inventory and eliminate overselling, is the best business inventory software. The platform is user-friendly and offers enterprise-level inventory control features. It also helps businesses to balance stock, sales, and purchase orders.

Sellbrite allows businesses to manage their inventory from one interface, regardless of whether they deal in thousands or hundreds of items. It allows users to easily view and manage available products and reserve stock levels. Sellbrite allows the business to manage its FBA quantities through all channels using its automatic inventory adjustment capabilities.

Sellbrite, a small business inventory software program that is user-friendly and has advanced features to prevent overstocking, is one of the most popular. The multi-channel inventory management feature allows the business to track inventory, route orders between warehouses, and provide complete warehouse control. This inventory and order management platform is unique with exceptional customer service and a 14-day trial period that allows users to see the benefits of selling Sellbrite.

Key of features

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

Pricing: $19.00/month

4. TradeGecko

TradeGecko has impressive features and a simple user interface. This powerful inventory management software can be used to increase eCommerce growth and multichannel brand sales. TradeGecko, a cloud-based inventory management system for small and medium businesses with limited resources that aim to thrive in the business sector, is available.

TradeGecko’s small business inventory software is designed to make your life easier, more productive, and faster. This in-class inventory software optimizes your business and ensures efficient operations, regardless of whether you are a distributor or wholesaler.

TradeGecko updates inventory and tracks stock levels automatically; it also manages inventory across multiple warehouses. The inventory optimization feature streamlines internal operations and helps businesses choose the best stocking method. TradeGecko allows you to transfer stock between warehouses and manage multiple currencies.

You can also receive and fulfill orders and synchronize orders and inventory. TradeGecko also acts as a central hub for inventory management and maintaining a balance between the B2B, B2C, and market. This inventory software generates sales emails, sets shipping rates, and other functions that will help your business run smoothly.

Key of features

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

Pricing: $39.00/month (Monthly or yearly subscriptions are available, prices in USD.

5. Stitch Labs

Traditional inventory management software may lack advanced features, which can limit your access. Stitch Labs is a more sophisticated, integrated inventory management software. Every commercial business’s heart is its inventory.

Stitch Labs, a multi-channel inventory management system that integrates advanced features, is not only a lifesaver but can also handle many business epidemics. The most common issues faced by businesses include Purchasing, low inventory, late deliveries, and maintaining multiple warehouses. They also have to deal with inventory accounting and cost management. Stitch Labs, an advanced inventory and order management program, benefits commercial businesses by centralizing inventory and controlling sales, purchasing, and orders.

Stitch Labs, a cloud-based inventory software, provides detailed retail reporting that allows you to see historical stock, financial location, and sales velocity. This helps in future assessments. This multichannel platform also allows you to update sales channels, transfer inventory, and track units while in transit, and inbound. Stitch Labs provides purchase order management, stocktakes, bundling, and low stock alerts. This software allows businesses to have a better view of their inventory and provides accurate data for forecasting and business decision-making.

Key of features

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

Pricing: $799.00/month

Also read: Distributed Order Management: What Is It, Characteristics & Benefits

6. Lightspeed POS

Lightspeed is an all-in-one inventory software that can be used to manage your growing business. Lightspeed Retail POS is the only one that optimizes stock, manages sales, and helps with the smooth running of a business. Lightspeed has grown more than fourfold since its inception. This is thanks to its intuitive design and advanced features. Lightspeed is a smart, flexible, and scalable business inventory software that can be used to manage all aspects of a business. The software helps you transfer stock, gain access to sales, stock, thrive, and sell from any device.

Lightspeed POS is more than just an inventory management software. It’s a platform that keeps your customers updated. With POS, you can access customer profiles, purchase history, as well as customer categories. Lightspeed also offers additional support for fulfilling customer demand, special orders, and layaways. It also manages work orders and ensures the timely delivery. Lightspeed offers 24/7 support via webinars, videos, and a free demo. Lightspeed POS lets you manage your inventory and sell sporting goods, apparel, electronics, and other items. Easy-to-use inventory control software gives you access to inventory management tools to streamline your workflow and help in growing your business.

Key of features

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

Pricing: $69.00/month (Billed annually. Prices can vary depending on the bundle you choose.

7. SkuVault

SkuVault’s eCommerce inventory software makes managing your eCommerce business easy. The platform is simple to use and offers a number of hassle-free workflows. The system can be used to streamline your order fulfillment processes, from inventory management to warehouse organization. The system makes picking-to-ship faster and completes orders on time every time. The system’s ability to sync sales channels from different sources makes business operations easier.

The automation of the inventory management system allows you to avoid shipping errors and incorrect shipments. Quantity buffers allow you to maintain desired market quantity levels. This means that you will never sell out or be understocked. What’s more? Smart analytics and reporting capabilities allow you to forecast inventory accurately for maximizing your sales. It would improve your business’s quality by providing data-driven insights that will make growth an achievable goal.

It is cloud-based and can be used wherever you are. The software is easy to integrate with other e-commerce platforms such as Shopify BigCommerce, eBay, Magento, and Shopify. It also integrates seamlessly with other business tools such as ERP and CRM to provide an unrivaled experience.

Key of features

  • Inventory Management
  • Warehouse Management
  • Routing Order
  • Stock Location
  • Barcode scanning
  • Cycle Counting
  • Quantity Buffers
  • Reporting & Analysis
  • Effective Integrations

Pricing: 299 per month for 2 people (Growth plan $299 Pro – $449 Enterprise – $899).

8. Katana

Katana Manufacturing ERP software, which is known for its balance of functions that go beyond sales and inventory operations, is the right choice for any manufacturing company looking for robust control and visibility. This solution includes a live inventory management tool that allows you to see your entire business in real-time. It allows you to optimize raw materials and products while simultaneously managing all aspects of production, scheduling, resource management, and production. It eliminates the need to switch between different tools, which can save you both time as well as money.

Katana software streamlines your eCommerce and B2B sales orders thanks to its omnichannel ordering management features. You can also track materials, expiry dates, and batches, which will increase your productivity and minimize the risk of making mistakes. The platform’s intuitive interface makes it easy for all members of your team to use it quickly.

Smart purchase order management can help you eliminate stock-outs or overstocking, one of the most common problems for businesses. The system allows you to convert purchase orders into multiple currencies without any hassle. This software integrates seamlessly with many of the most popular accounting, CRM, reporting, and reporting software products on the market. To learn more about the tool, you can take advantage of its 14-day free trial.

Key of features

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

Pricing: $99.00 /month

Also read: What is the Finance Management in Drop Shipping

9. Orderhive

Orderhive, a cloud-based inventory management system software, deals in everything from order fulfillment to e-commerce automation and product movement. This one-stop solution will answer all your questions about making better business decisions. Orderhive, a modern technology, deals in real-time inventory synchronization and e-commerce automation. It simplifies purchase management and provides quick analytical reports. Orderhive offers a 15-day trial that allows users to see the benefits of its features and what they can do for business growth.

This Inventory Control Software reduces guesswork and tracks product movement to ensure optimal inventory control. Orderhive is a wonderful software that automates manual tasks, reduces costs, and syncs all inventory across warehouses, sales channels, and distribution centers.

Orderhive also offers simplified product management, catalog management, inventory visibility, reduced risk of underselling and overselling, real-time inventory reporting, purchase history, stock count, price adjustment, and stock adjustment, as well as the ability to manage purchase history, stock count, stock count form and reorder back ordered products, COGS, audit reports and many other features. Orderhive integrates inventory software and makes it easy for businesses to make informed business decisions. To help users assess each feature and to understand its impact on business growth, the platform is free for 15 days.

Key of features

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

Pricing: $0.01/month (Flat 55% slashed! Subscribe now for $44.99/month*

10. SOS Inventory

SOS inventory is a great complement to QuickBooks Online. SOS inventory allows you to view all of your inventory from multiple locations. You can also track all of your products from your home. You have the advantage over other software with its backorder tracking, order processing, and manufacturing features. It allows you to create and track assemblies, and can also allow for multiple work-in-progress. This will allow you to micromanage inventory and assemblies remotely. It allows you to track the history and position of any item by using its serial number.

You can track and create sales orders in Quickbooks Online. Quickbooks allows you to prepare your invoice, integrate your packing and shipping process, and even create an invoice. Quickbooks integrates with major sites like Shopify, Paypal, and Bigcommerce, so you can manage all aspects of your business seamlessly.

All your questions can be solved by our round-the-clock support via email and phone during office hours. You can also use the Quickbooks emergency code deployment feature to manage your websites even if Quickbooks is down. SOS inventory is the best option for small- to medium-sized businesses that are product-based, regardless of their industry.

Key of features

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

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

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