19 Best Inventory Management Software in 2022
When done manually, inventory management can be quite daunting. You risk spoilage, theft, or a high cost of storage in case of overstocking. You also risk losing more customers because of constant out-of-stock situations because of frequent under-stocking.
So you need a robust solution that helps you know how much stock is available, alerts you in case of re-ordering needs, and gives you more insights for optimization.
You may also want a solution that can handle your inventory, finances, shipping, analytics, and more within a single platform.
To know that you need software to manage your inventory effectively is one part of the equation; knowing the right tool to use is yet another hard puzzle.
The best software for managing your inventory may be hidden beneath Enterprise Resource Planning (ERP) systems, industry-specific business management systems, or eCommerce software solutions. Therefore, it is really tough to know which is the best for you.
Luckily, we are taking you through 19 of the best inventory management software in 2022 to help you see the choices you have for your business.
What Are The Best Inventory Management Software?
Here are my top picks for the best inventory management software in 2022.
Acumatica
Oracle Netsuite
Syspro
QuickBooks Commerce
Orderhive
SAP Business One
Zoho Inventory
ChannelAdvisor
Katana
Upserve
Fishbowl Inventory
Brightpearl
Unleashed Inventory
nChannel
Ordoro
Dear Systems
Cin7
Sortly
Veeqo
Cloud ERP Solution for Small and Mid-Market Organizations
Editor’s Take
If we want to thrive in this digital economy, we need an agile software solution that's scalable, easy-to-use, and open for rapid integrations.
Acumatica Technology is a robust inventory management solution that can deliver future-proof technology for your business.
Inventory management with Acumatica will improve how you order, receive, produce, store, and ship your products.
It covers all the common features that most ERP solutions have, like finance, sales, purchasing, and more.
The only difference with Acumatica’s features is that they are more in-depth to solve such common but complex business operations.
It is a cloud-based software solution with high accessibility to ensure remote availability that fosters collaboration with your teams.
Unlike other inventory management software, Acumatica comes with a built-in CRM that helps you to manage your customer records and access real-time insights within your dashboard.
Aside from Acumatica CRM, Acumatica Financials makes it possible for you to manage your company’s finances within the app without shifting to other applications for solutions.
With over 200 integrations in Acumatica's marketplace, such as B2B Gateway, Csligo, and Biz-Tech Shopify Connector, you can extend the software's capabilities with just a few clicks.
Despite such a good number of possible integrations, some useful integration options are missing, like integration with Zapier.
How you process quotes, track ongoing costs, and ensure accurate billing processes means a lot to your business' welfare, and the Acumatica Accounting feature will help you streamline all that with ease.
Acumatica also has an intuitive dashboard with good reporting and analytics features. With these metrics, you can measure progress and get valuable insights for fast and better decision-making that can improve your company's health and performance.
The major downside of using Acumatica is that its pricing structure differs greatly from many others, so the cost of plans may be a bit confusing and expensive for some companies.
Since it is a centralized platform with complex features, it can take more time for new users to use the software's full capabilities.
Nonetheless, Acumatica is a unique cloud-based ERP software that is highly customized and tailored for growing organizations to access reliable business management solutions with freedom.
It is ideal for you if you want a unified system with good inventory management capabilities and extensive ERP solutions.
Best For Small Businesses and Mid-Market Companies
Price: Flexible Pricing Plans
Annual Discount: No Available
Promotion: No Free Trials, No Free Version, Demo Available
Get Acumatica's Customized Demo
Key Features
Inventory reporting
Inventory Pricing and Costing
Business Intelligence
Perishable Inventory
Supports Extensive Valuation Methods
Multiple Warehouses Management
Lot/Serial Traceability
Sales Order Management
Automated Requisitioning
Online and Offline Synchronization
Accounting
POS
CRM
Financial Management
Reporting & Analytics
Integrations
Pricing
Acumatica has not provided its pricing information, and you can get it by requesting a custom quote. This is because Acumatica customizes every plan for its clients, and yours definitely will be unique.
Contact Acumatica today to get their current pricing based on your needs.
An All-Encompassing Business Management Software for Growing Businesses
Editor’s Take
Oracle Netsuite is an all-in-one cloud-based business management solution for companies to streamline their core processes like inventory, financial and operational management.
Maintaining stock sufficiency at all times is often a headache. However, using Netsuite's inventory management software allows you to optimize your stock levels, especially through its powerful demand-based replenishing system.
Demand-based Replenishing System analyses past statistics to provide accurate predictions on how much to restock to provide effective solutions to fluctuations in demand and seasonality.
To manage item reorder points while keeping optimum stock levels, Netsuite auto-generates real-time reports, actions, and stock level alerts for better purchasing decisions.
Redefining fulfillment rules ensures that there will be minimal shipments to multiple locations for single orders—thus saving you lots of shipping costs and time.
Moreso, Netsuite lets you get more visibility across multiple locations, which helps you get more freedom and peace of mind for handling inventory operations and minimizes obsolescence.
The intelligent Order Routing feature is one of the most important order management functions because it makes it easier to define fulfillment rules for efficient utilization of inventory in multiple locations or warehouses.
Automating your inventory tracking with Netsuite is so efficient and accurate. Serialization and lot-numbering of items can help you trace your inventory back and forward.
Because Netsuite has many services under one platform, its user interface is not so friendly and can be quite confusing. Therefore, it has a steep learning curve, especially for first-time users.
Best For Fast Growing Businesses
Price: From $499.00 per month
Annual Discount: Not Available
Promotion: No Free Trials, No Freemium Version
Key Features
Inventory tracking
Inventory Visibility
Centralized Vendor Management
Automatic reordering
Location management
Inventory Tracing
Order Fulfillment
Materials Resource Planning
Shop Floor Management
Demand Planning Engine
Cost Management
Integrated Financial Reporting
Integrated Process Workflow
Bill of Materials
Pricing
NetSuite ERP has pricing options that are difficult to decipher. However, expect unique pricing editions that are available upon request and starting from $499.00 per month.
ERP Solution Specializing in Manufacturing and Distribution Sectors
Editor’s Take
Syspro ERP is an inventory management software that specializes in the manufacturing and distribution sectors to provide end-to-end visibility for your business processes.
The In-depth functionality, like Syspro’s Manufacturing Operations Management(MOM), provides you with the tools, resources, and processes with out-of-the-box capabilities to handle your business efficiently.
It is very compact but easy to learn and operate. So, with few customizations, you can easily set up and use Syspro to manage your inventory and enjoy the software's extensibility.
One of the noteworthy advantages of using Syspro's software is that it uses the Structured Query Language (SQL), which is faster and easier to manipulate.
Therefore, using the Syspro Reporting Services (SRS) feature will allow you to get any form or report you to want with vast customization possibilities. Moreso, you can also extract data easily into any spreadsheets program for further analysis.
Like much other inventory management software, managing complex decisions for how much to restock, when it is ideal to do so, and which locations should receive considerate attention is possible with Syspro.
You can customize features and create unique applications that will improve your ROI with Syspro.
According to Technology Evaluation Center, Syspro offers 99% coverage of Inventory Management characteristics, which is significantly better than the average of 86% support.
Not only does Syspro help you with inventory management, but also with financial, warehousing, and supply chain processes.
A highly customizable software can easily turn from simple to complex quickly. While Syspro itself is an easy-to-use software with the most intuitive user interface, adding custom programs and functionalities may require significant training and time for your team to learn.
Additionally, making a bad implementation of custom scripts and add-ons can go wrong, leading to awful experiences and negative impacts on the core functionalities.
Best For Mid-sized Businesses and Consumer-Goods Industries
Price: Flexible Pricing Options
Annual Discount: Not Applicable
Promotion: Demo Available, No Free Trials, No Free Version
Key Features
Supply chain management
Role-based user permissions
Inventory tracking
Automatic reordering
Location management
Manufacturing module
Diverse costing methods
Cost tracking
API for custom integration
Multiple pricing options
Powerful queries
Inventory Management Software for Online Businesses
Editor’s Take
QuickBooks, formerly known as TradeGecko, is a cloud-based inventory management software that automates operational processes and focuses solely on selling more and running your online business more efficiently.
Unlike many other stock management tools, QuickBooks Commerce’s inventory management system enables you to create custom inventory reports, track stock movements, and generate detailed costs for goods.
That way, small business owners can leave their operations to QuickBooks Commerce and focus on growing their businesses.
Aside from that, you can automate the core processes of inventory management, such as updating your stock levels and making reorders in real-time.
Moreover, you can start taking large orders in minutes with its automated wholesale inventory platform personalized for your consumers and brand. Through the platform, you can create and send sales quotations and sales orders automatically.
QuickBooks’s warehouse management feature makes it easier for you to manage effectively multiple warehouses and inventory locations. The feature lets you transfer stock between warehouses, receive and fulfill orders from specific warehouses, and more.
To add on, the Inventory Control feature helps you to improve your stock and inventory tracking by automatically updating stock levels during restocking or sales across many warehouses and channels.
With real-time insights into the stock movement, QuickBooks’ reports feature lets you get up-to-date inventory data to ease complex decision-making processes. You can use the software to generate stock reorder reports, stock-on-hand reports, and other useful stock data.
Not to forget the built-in credit card payments platform that allows you to send links to your customers to make swift and automatic online payments.
While ensuring data correctness, QuickBooks helps you create, edit and send purchase orders that will automatically adjust your stock levels once they are completed.
QuickBooks commerce is a perfect platform to access a B2B eCommerce store for you to sell online with efficiency.
One of the main cons of QuickBooks is that it lacks some important warehouse management features like barcode scanning. While there are many workarounds for such features, it is still a nuisance to miss them on the platform.
The software is great for small to medium-scale businesses. However, if you grow more, you will need to migrate your inventory management to other providers.
Best For Wholesalers and Direct-to-Consumer Brands
Price: $22 - $66 Per Month
Annual Discount: Up to 50%
Promotion: 30-Day Free Trial, 50% Off For 3 Months Subscription
Key Features
Inventory Reports
Inventory Tracking
Inventory accounting
Incoming stock report
Stock-in-hand report
Inventory lists
Inventory Control and automation
Warehouse Management
Wholesale Inventory Management
Inventory Control
Purchase Order Management
Order Fulfillment
Remote Access
Pricing
With the EasyStart plan, starting from $12.50 per month, you can track income and expenses, sales and sales tax, mileage, and time automatically.
You can also run reports, send estimates, handle invoices, and accept payments
The Essential plan, which costs $50 per month, includes all features from Essentials and up to 3 users. You can manage bills and payments and access multiple currencies.
On the other hand, for $25 a month, the QuickBooks Plus plan gives you access to track inventory, project profitability, and access classes and locations.
The classes from this plan will help you sort transactions by department, product line, or any other segment, while locations will help you sort data by locations, offices, or regions.
For full features, try the Advanced plan for $180.
As you can see, you should go with QuickBooks Plus or Advanced to utilize the Inventory tracking feature.
Moreso, every package has add-ons for QuickBooks Payroll for $20 per month and an extra $4 for each employee per month.
Orderhive
Inventory Management Software for Online Retailers
Editor’s Take
Orderhive is an inventory and order management software for online retailers to automate inventory control, manage orders, and streamline all the shipping processes.
With exception of organization tools, you can master every facet of stock management with Orderhive’s inventory control capabilities. Also, the software ensures that you have a minimal manual intervention of daily tasks that could otherwise be time-consuming and costly.
Orderhive excels in fulfilling customer orders, managing multi-currency orders, back-order processing, and many more.
Connected to over 200+ shipping carriers, Orderhive can help you streamline your shipping operations. Many of these shipping carriers have the lowest rates and real-time tracking features.
The disadvantage with shipment is that sometimes the shipment updates like updating the tracking numbers for some carriers are not real-time, so you may have to do it manually.
For manufacturers, the tool can help you improvise the production process to ease out on advanced work orders, bills of materials, and others.
Orderhive offers features like scanning barcodes, creating purchase orders, and using multiple currencies that can significantly reduce your purchase management workload.
For any inventory tool, it is not limitations that become a deal-breaker. With Orderhive, it is inefficient. User reviews reveal that there are constant bugs when using the software.
While most are just insignificant, some can hurt your operations, and the worst thing is that rectifying those issues is often very slow with Orderhive.
Best For Online retailers
Price: $49.99 per month to $299.99+
Annual Discount: Save 10%
Promotion: 15-Day Free Trial, Free Version
Key Features
Order Management
Shipping Management
Manufacturing Management
Purchase Management
Multi-channel inventory syn
Location-based stock management
Batch & expiry management
COGS management
Manage bundling / kitting
Manage product barcodes
Back-ordered products
Custom fields
Quick stock adjustments
Manage stock transfers
Stock count audit
Product tagging
Pricing
Orderhive has 4 paid plans alongside their free version: Lite, Started, Growth, and Custom plan. Each paid plan comes with a 15-day free trial. There are more addons for each plan to add more customizations.
Lite plan starts from $49.99 per month for one user and 200 orders. You get all shipping, inventory, and order management features plus chat and email support.
Pricing for the Starter plan starts from $149.99 for up to 3 users and 1200 orders. You also get access to automation features and access hand-holding support during setup. Also, this plan gives you all the features from the Lite plan.
The Growth plan, on the other hand, starts from $299.99 per month for 5 users, 3000 orders, and API access integrations. You also get premium integrations and up to 4 hours of employee training. Also, you get all the features from the Starter plan.
If you find Orderhive is great for you but you need more custom functionality, you can contact the sales team to subscribe to the Custom plan.
Try Orderhive
Inventory Management Software for Small Businesses
Editor’s Take
To manage your small businesses, you need to implement, maintain, and enhance your business processes, such as purchasing, inventory, and customer relationships.
SAP Business One provides tools to help you streamline your inventory management, financial operations, and sales management.
Combining all the three key business management areas within a single tool is a sure way to improve your profit margins, minimize errors, and ensure improved decision-making.
The core of the SAP ERP solution is to optimize purchasing practices and control costs. Thus, managing and overseeing the complete order-to-pay cycles is a plus to SAP’s solutions for your inventory management needs.
Another reason that many businesses may choose SAP over others is the convenience of getting timely and accurate reports from the data collected from activities and usage histories.
These reports usually provide valuable insights that can help your employees make smart, confident decisions much faster to improve your business's performance.
Best For Small Businesses and startups
Price: Flexible pricing
Annual Discount: Not applicable
Promotion: Free training from openSAP, Demo available
Key Features
Financial Management
Sales and Customer Management
Purchasing and Inventory Control
3PL Management
Activity Tracking
Kitting
Material Requirements Planning
Multi-Channel Management
Order Fulfillment
Order Management
Performance Metrics
Purchase Order Management
Reorder Management
Backorder Management
Bills of Material
Demand Forecasting
Enterprise Asset Management
Pricing
Since each person's requirements are specific, write a request to tailor your subscription plan to your goals.
Inventory Management Software for Growing Businesses
Editor’s Take
Zoho Inventory management software is a powerful stock management software that can help you track the flow of every item in your company.
Specially designed for growing businesses, Zoho will help you solve your entire store inventory problem. It will help you access inventory availability, the pace of goods, packing list, sales orders, purchase orders, and more.
Since it syncs well with other Zoho products, such as Zoho Books and Zoho CRM, Zoho Inventory is a great option for you if you already use any other Zoho ERP products.
Additionally, you can integrate multiple channels, such as Amazon, eBay, Shopify, or Etsy, to power your sales and expand your reach.
Tracking your items is also a core process of inventory management, and Zoho does not leave you in the dark. The batch tracking feature can trace every item or batch in your inventory as long as it's marked with unique serial numbers.
That way, keeping track of item movements in your stock becomes easy, and you get better control over the operations of each batch.
Integrations with multiple in-transit shipping partners with the best rates allow you to handle your orders effectively while reducing costs.
SAP Business One is a good value for your money; however, it doesn't offer the flexibility to choose the features you want to use.
Best For Small and mid-sized business owners
Price: $0 to $374
Annual Discount:
Promotion: Free plan, Demo version
Key Features
Accounting and CRM integrations
Warehouse Management
Multiple shipping integrations
Accounting and CRM integrations
Warehouse Management
Item management
Customer lifecycle
Vendor relations
Integrations
Automation
Item bundling
Reordering alerts
Reporting and analytics
Warehouse management
Multiple shipping integrations
Zoho Inventory offers a freemium version alongside the paid plans. This plan allows you to access one warehouse with two users and integrate with one Shopify store.
With the Standard plan, you can access up to 5 warehouses, 5 users, 2 Shopify store integrations, and 5 automated workflows. This plan also lets you have pick lists, serial number tracking, and batch tracking.
The Premium plan includes 7 warehouses, 10 users, 5 Shopify store integrations, 10 automated workflows, and everything from the Standard plan.
Finally, the top plan is Elite, which includes 15 warehouses, 15 users, 5 Shopify store integrations, 10 automated workflows, and everything from the Premium plan.
Choosing the right plan is simple. Simply, know the number of orders, shipping labels, and after-shipping-tracking you will use per month. Then, know how many warehouses, users, and Shopify stores you expect to use with Zoho. After that, match your numbers accordingly with Zoho’s plans to get your ideal plan.
Alternatively, you can choose a plan, and incur additional monthly costs: $3 for each additional user, $10 for the additional warehouse, and $6 for extra 50 orders and shipping labels.
Multi-Channel Commerce Solution for eCommerce Brands and Retailers
Editor’s Take
ChannelAdvisor is an e-commerce cloud platform that helps brands and retailers manage their eCommerce operations from a centralized platform.
Whether you are a first-party or third-party seller, you can enjoy ChannelAdvisor’s SEO optimization, especially for Amazon-sponsored product campaigns that are always lacking in many other inventory management tools.
To add on, you will benefit from the automated process of keyword optimization, which is highly targeted and customized for maximum effectiveness and results. This saves you thousands of hours that you could take doing it manually. If you had to hire someone else to do it for you, ChannelAdvisor’s SEO features will save you all the costs.
As more customers demand quick and low-cost shipping, it is becoming harder to manage multiple channels, maintain sufficient stock levels, and meet their demands without sacrificing a part of your time and profits.
That's why it is so important to know that software with a unified system is so important to meet those challenges, and that’s exactly what ChannelAdvisor can do for you.
ChannelAdvisor offers powerful integration with multiple eCommerce channels, such as Amazon, eBay, and Wal-Mart, to ensure optimal sales processes.
Through ChannelAdvisor’s shipping management, where you can connect it with multiple leading carriers to enjoy the dynamic rates and more options for your customers.
Continued updates for features and integration support for ChannelAdvisor are also making it more and better each day. For example, ChannelAdvisor’s fulfillment feature is now updated with more product sourcing capabilities, improved order-routing, and better resolutions to product discrepancies.
Demand forecaster premium solutions will help you with your inventory planning to avoid over forecasting and under-forecasting. With Artificial Intelligence and Machine Learning that offers powerful predictive algorithms, the Demand Forecaster feature combines this technology with previous sales history to provide out-of-the-box forecasts for 1 month, 2 months, and 3 months at your preference.
Besides inventory management, the software is the best for optimizing your online sales performance. You can expand your sales channels, track your transactions in your eCommerce store, and get advanced analytics and reporting.
Best For Retailers
Price: Flexible Pricing
Annual Discount: Not Available
Promotion: Not Available
Key Features
Channel Analytics
Inventory Control
Inventory Management
Multichannel Marketing
Multi-Store
Order Management
Third-Party Integrations
eCommerce Management
Cataloging and Categorization
Channel Analytics
Forecasting
SEO Management
Shipping Management
Pricing
ChannelAdvisor uses "flex-pricing" where you can design your own solution by considering factors like your business size, user count, industry, and more to determine your ideal price.
However, many user reviews reveal that the least liked ChannelAdvisor’s pricing, as it is more expensive compared with others. So, make sure you check out to see if this will be a different story for you.
If you want to get more pricing details, get in touch with ChannelAdvisor’s sales team.
Inventory Management Software for Manufacturing
Editor’s Take
Katana is a manufacturing ERP software solution that helps firms gain more visibility and control over their inventory and sales.
Through the provision of holistic inventory management, Katana provides a smart way to manage both your raw materials and finished goods from an intuitive dashboard.
That said, you can optimize your inventory movements and manage your products and raw materials while conveniently tracking all the critical processes.
With Katana, you can access live inventory management to give you total control over the manufacturing processes across multiple warehouses.
Additionally, you can track, automate, and control inventory transactions at any time. You can get accurate stock amounts, set reorder points, and monitor your inventory in real-time.
When you want to track your financial transactions, purchase records, or everything accounting, you can simply integrate Xero or QuickBooks Accounting.
Another reason you may like Katana is that it can help you develop custom workflows and access more applications through their open API, Integromat, and Zapier that's better than depending solely on what's already there.
Additionally, data transfers between the services you connected with the API can be automated to increase efficiency.
Katana Inventory is ideal for fast-moving manufacturing businesses that want to keep track of every inventory movement to boost their efficiency from production to sales in a single platform.
Best For Small-scale Manufacturers
Price: $129 - $349
Annual Discount: Save 20%
Promotion: 14-Day Free Trial, No Free Version
Key Features
Katana API Integrations
Native Integrations
Batch and Expiry Date Tracking
Barcode Scanning
Accurate Costing
End-to-end Traceability
Multi-currency Support
Custom Print Template
Total Shop Floor Control
Live Inventory Management
Real-time Master Planning
Omnichannel Order Management
Production Planning
Purchase Order Management
Custom Workflows via API
Pricing
Tailored for growing businesses, Katana provides considerable solutions to young manufacturers at a favorable price. Moreover, there are free trials you can try today to test the waters with it.
The Inventory software offers only two options for you to choose from the Essential plan and the Pro. While the Essential plan gives you up to 3 warehouses to manage with Katana, the Pro plan gives you unlimited warehouses.
For full features, consider the Pro plan. The Essential plan gives you only essentials and limits the full-fledged features to manage your company’s inventory.
Katana does not provide a free version of their plans, but you can get started with as little as $99 today when you subscribe to the annual plans.
Inventory Management Software for Restaurant Management
Editor’s Take
If you want to manage your restaurant with an all-in-one system, Upserve is the best inventory management software for you. It is a light-speed, cloud-based software that comes ready with the necessary features and hardware to manage your restaurant.
Upserve comes ready with a payment processing system and point of sale(POS) systems. The POS offers a menu inventory countdown feature to let you know when an item is almost out of stock.
With the Upserve restaurant analytics feature, the Upserve HQ, you can manage your reputation through automatic cross-site review analysis. You can also access sales analytics, develop customer loyalty, server performance, and more.
The employee training mode allows your employees to get used to how Upserve works without disrupting business operations or worrying about mistakes. Thus making it easier to train your employees when you introduce the system or when you hire others.
Upserve is reliable, easy to implement, and user-friendly to ensure maximum software effectiveness. If you need specific software to manage your restaurant, chances are, Upserve is an ideal software for you.
Best For Restaurant owners
Price: $59 - $359 per month
Annual Discount:
Promotion: No Free Version, No Trials, Demo Available
Key Features
Upserve POS Software
Upserve Live Mobile App
24/7 Customer Support
Marketing Campaign Tools
Reputation Management Tools
Upserve Payments
Menu Optimization Tools
Server Performance Data
Low Inventory Alerts
Recipe Costing
Vendor Management
Upserve Loyalty Program
Pricing
Upserve POS is relatively expensive. The basic option, the Core, costs $59 and $60 per terminal. You will get pleasant features to handle basic restaurant management, but you won't get the convenience of using advanced features from the platform.
A better alternative plan is the Pro plan, which costs $199 and $50 per terminal. It is a good option to handle your restaurant very well, and the features are nearly the same as the Pro Plus which costs $359.
Besides a subscription, you have to pay for the hardware that comes with your system. There are other addons like Upserve’s Online Ordering and custom reporting that can cost you more.
You have to subscribe to either the Pro plan or Pro Plus plan to manage your inventory. So be sure to review the features before committing yourself to each plan.
Manufacturing and Warehouse Inventory Management Software for QuickBooks
Editor’s Take
Fishbowl Inventory Management Software is a fully-featured solution that integrates seamlessly with QuickBooks, Xero, and many eCommerce platforms.
A fishbowl is a perfect software for manufacturing inventory management for you to handle work orders, bills of materials, accurate stock value, yield calculations, and more.
Streamline and scale how you handle work orders for assembly and disassembly with Fishbowl. Then save those orders if they are repetitive for future use in other projects.
Inventory controls let you calculate the ideal reorder quantity to avoid stock-outs or excess stock. Additionally, you can create reorder points for every item in your inventory and track every step of your operations from ordering to delivery.
A major downside for Fishbowl is on the side of reporting that is not robust enough. It has very few reports and most of them are hard to customize while others that are important are lacking completely.
Best For Manufacturers
Price: Quote-based
Annual Discount: Not applicable
Promotion: Demo available, 14-Day Free Trial, No Free Version
Key Features
Barcode Scanner Setup
Multi-channel Inventory
Multi-Level Bill of Materials
EDI Integrations
ECommerce Integrations
Business Intelligence
CRM
Serial Numbers and Lot Numbers
Real-time tracking
CRM tools
Pricing
Fishbowl charges a onetime fee for their inventory software, making it have a high upfront cost. Business.org reveals Fishbowl’s pricing that starts from $4,395.
Inventory Management Software for Retail and Wholesale Business
Editor’s Take
Brightpearl is an inventory management software that is packed with built-in retail features to help businesses to manage inventory easily while predicting demand accurately.
With real-time inventory updates across all your sales channels, Brightpearl assures you you will get instant updates for each new order, re-orders, replenishments, and more to widen your stock's visibility.
Not to forget the automatic multi-location allocation that is possible with Brightpearl’s Automation Engine. You can create rules that route orders accordingly. Set up custom conditionals based on stock levels, locations, and many more that distribute your orders to different warehouses.
It is also easy to automate warehouse transfers, replenishments, accounting, and more actions that make inventory adjustments a breeze.
Brightpearl uses the FIFO (First in, First out) inventory valuation and automates the product cost calculations to ensure you get accurate and up-to-date inventory value for your business.
Tracking inventories from raw material throughout processing to finished products with Brightpearl's inventory management software.
Best For Retailers
Price: Quote-based
Annual Discount: Not Applicable
Promotion: Live Demo, No Free Trials
Key Features
Amazon FBA Reconciliation
Bill of Materials (BOM)
Barcode Scanning
Demand Planner
Inventory Cycle Counting
Multi-location Allocation Engine
Product Performance Analysis
Multichannel Inventory Management
Order Management
Shipping & Fulfillment
Warehouse Management
Purchase & Suppliers
POS
Ecommerce Analytics & Business Intelligence
Pricing
Costs for Brightpearl are customized and designed to pace the growth of your business. Brightpearl's pricing system uses several factors like the order volume consumption to determine the cost of your plan and ensure that you pay only for what you need.
The good news is that there's no price obscurity, like for many businesses using flex-pricing models; Brightpearl clearly outlines all the costs and shares price updates on time.
Another wonderful thing about Brightpearl is that it does not use user count as a pricing factor. What this means is that you can add as many users as you need without paying an extra cent. Thus, it is easy to scale up with team efforts without breaking your bank.
Inventory Management Software for Mid-sized to Large-Scale Enterprises
Editor’s Take
Unleashed Inventory is a cloud-based inventory management app that helps businesses gain more visibility into their stock anywhere, anytime to help them save more time, improve performance, and increase profits.
With inventory control features, you can streamline your company's sales without worrying about stockouts because Unleashed gives you instant visibility and control into your inventory.
The aim of this software is to make stock management easy and transparent, and you can control stock across continents, leverage advanced pricing strategies, and make complex manufacturing processes easier.
You can manage multiple location warehouses through stock transfers and stock adjustments to maintain optimum inventory levels across all your warehouses.
Unleashed’s stock-on-hand (SOH) report gives you insight into product availability across different locations. This is especially great for handling customer orders when it is unavailable in one location, yet it is stocked in another.
Getting a full transaction history of serial and batches makes it easy to make an audit trail on them. With the history, you can check the day and time when and if they were created, sold, used, or deleted.
Unleashed uses only the average landed costs method for tracking costs. While it is important to know that you can use any other that you like during stock movements, you may not use it for costing with unleashed.
Whether you manufacture, manage, or ship products, Unleashed Inventory provides tools, processes, and functionalities that will help you grow and achieve your business goals with ease. This is possible through automation, data-driven decisions, and vast integration options.
Best For Manufacturers
Price: $299.00 - $949 per month
Annual Discount: Save 10%
Promotion: Free Trial, Demo Available
Watch 25-Minute Overview of Unleashed
Key Features
Batch and Serial Number Tracking
Auto-Assemblies
Inventory Control
Inventory Optimization
Inventory Replenishment
Inventory Tracking
Bills of Materials
Barcode scanning
POS
CRM
Kitting
Multi-Channel Management
Order Fulfillment
Purchase Order Management
Retail Inventory Management
Returns Management
Sales Forecasting
Shipping Management
Third-Party Integrations
eCommerce Management
Pricing
Based on the annual subscription, the Medium plan starts from $279.00 per month. The large plan for scaling businesses starts from $529, and Large Plus for emerging enterprises starts from $869.
The main pricing factor is the number of users included in each plan. So if your team is less than five, then go with a Medium plan.
If your number of users is less than 12 and over five, choose the Large plan. Otherwise, pick the Large Plus plan.
Another factor is the number of API calls you can get. That is, the Medium plan gets 125,000, Large gets 250,000, and Large Plus gets 500,000 calls.
SaaS Integrations Platform for Retailers and Wholesalers
Editor’s Take
nChannel is a SaaS integration platform that offers inventory management features with real-time multichannel inventory updates.
Multichannel online retailers can integrate their existing marketplaces and eCommerce sites into nChannel. This feature allows you to connect with multiple channels where users are already using it to increase your product's reach.
nChannel’s key priority is to ensure that you maintain accurate stock information across all your channels by updating inventory counts with every transaction.
With nChannel’s custom quantity metrics, you can easily handle different quantities from different locations within a single interface.
It also allows you to maintain efficient stock visibility to prevent bad customer experiences for selling items that are out of stock.
A major differentiator with other inventory management software is the real, real-time stock updates. While many others routinely update stock at set intervals, nChannel updates it within seconds of the transaction.
nChannel can automate most of your business operations, such as order processing and order returns, can eliminate or minimize manual data entry between your ERPs, eCommerce, POS, and others.
Best For Retailers and Wholesalers
Price: Quote-based, $400+ per month
Annual Discount: Not Applicable
Promotion: No Free Version, No Free Trials, Demo Available
Key Features
Supply Chain Management
Customer Experience Management
Inventory Synchronization
Multichannel Order Management
Drop Ship Management
Vendor Managed Inventory
Accounting Integration
Real-time Order Invoicing
Intelligent Order Routing
Returns Management
Multichannel Listing
Supply Chain Integration
Customer Experience Management
Purchase Orders
Shipping Notifications
Delivery Route Optimization
Order Fulfillment
Multiple Supplier Integration
Pricing
Contact sales to get a Quote. However, they do not have a free trial, and third parties show that nChannel’s pricing starts from $400 per month per user.
ECommerce Shipping Software for Small Businesses and Ecommerce Sites
Editor’s Take
Ordoro's all-in-one platform offers inventory management options that come with other benefits, like discounted USPS shipping rates that will help you save more money.
With over 3700 merchants using Ordoro software, you are assured that it's reliable and trusted by many to manage their inventory.
The software offers a unified inventory where information comes from multiple channels, from sales to suppliers. You can add more warehouses, marketplaces, web stores, dropshipping carriers, and more to this single inventory management software.
If you use kitting or bundling a lot, Ordoro can help with its advanced functions to construct, track, and sync your kits across multiple warehouses. If your kit is composed of related products, products with multiple components, or different quantity products, you are all set with Ordoro.
For every purchase order, Ordoro generates a goods-purchase receipt that ensures that you know exactly what you ordered and how it has been received by Ordoro’s system.
Additionally, low stock alerts ensure that your inventory will never miss an item without you noticing. You can also strategically oversell if your suppliers are quick to resupply, as the software creates purchase orders for resupply with just a few clicks.
Ordoro is a robust solution for seamless shipping for your eCommerce orders and an automated approach to inventory management that can help you get to another level.
Best For eCommerce sites
Price: $59 per month to $999
Promotion: 15-Day Free Trial, Demo Available
Key Features
Multichannel Inventory Sync
Multi-Warehouse Inventory Tracking
Multi-Level Kitting (Bundling)
Purchase Orders
One-Click PO Creation
Low Stock Alerts and Filtering
Inventory Stock Location on Pick Lists
Profitability Tracking
Inventory Allocation
Just-In-Time Fulfillment
Bill of Materials (BOM)
Manufacturing Orders
Barcode scanning
Pricing
Ordoro’s monthly subscription plans are based on the flexible pricing model that aligns with the constant ups and downs in the eCommerce spaces.
The Express plan, which is free at the moment, gives you access to discounted USPS rates (you can save up to 67%), automation rules and presets, barcode scanning, advanced analytics, and more.
We do not recommend this plan for you because all inventory management features are lacking, such as multi-warehouse inventory tracking, receiving and restocking returned goods, and more useful features.
Moreover, your free plan will limit you from accessing more advanced features, like supplier management, and drop shipping features.
Consider choosing the Pro plan starting from $499 per month that has considerably outstanding features to get your store management up and running.
However, if your budget allows, go with the Enterprise plan starting from $999 per month, which is the best plan with all features unlocked.
ERP Solutions for Manufacturing and Retail Businesses
Editor’s Take
Dear Systems is an intuitive and cost-effective cloud-based ERP software solution that allows businesses to gain more visibility into their stock levels and order statuses for seamless and efficient inventory management.
Dear systems offer an all-in-one solution that allows management of large product volumes, operating multiple locations, doing a stock transfer, and more stock management features.
Get different costing methods with Dear Systems that you can use for your inventory management. These methods include FIFO, FEFO, and Specials, all with both batch or serial number options.
Challenges of handling wholesale-level products are significantly minimized with Dear Systems. For example, in the product families feature, you can maintain many product variations by assigning each a unique SKU within the family.
Dear systems have a wonderful Drop Shipping feature that helps you create purchase orders easily with the shipment details for your supplier. This can be automated to save you hours and energy you could have used doing it manually.
Best For Wholesalers and Retailers
Price: $325 to $525+ per month
Annual Discount: 1 month free
Promotion: 14 days free access
Key Features
Stock Adjustments
Inventory Movement Details
Inventory Planning
Purchasing Management
Product Stock Level
Products Reordering
Inventory Movement Summary
Job Costing Materials
Finished Goods Analysis
Multichannel Inventory Management
Ecommerce Integrations
Accounting Integrations
Multichannel Order Management
Warehouse Management
Inventory Reporting
API Access for integrations
Pricing
Dear Systems has three simple plans to help you make a good choice easily. You can customize a plan that will suit your business inventory's needs for more flexibility.
Standard plan offers an all-in-one system for multi-channel product sellers and has considerably fair features. It is the least expensive plan and you can customize it further from a base cost of $325.
For specific and comprehensive retail features, the Retailing plan offers exclusive inventory management capabilities. This plan costs $425 per month, with extra costs for more customizations.
With the Manufacturing plan, you get access to even better features tailored for manufacturing industries and costs $525 per month and more with custom capabilities.
Inventory Management Software for Online Stores
Editor’s Take
Cin7 is an inventory and order management software that connects your products, sales channels, stock locations, orders, warehouses, and more under a single platform.
This inventory management system allows you to track your inventory and keeps your records right for smooth eCommerce experiences.
Automated stock tracking with Cin7 allows you to keep stock counts in sync with your sales in your online store. That means no more selling what is not available in your stock or underselling what you have more.
With efficient order management and fast shipping, you can increase customer loyalty. Improving shipping times with automated order processing also ensures that your customers get your products faster and increases fulfillment.
Purchasing efficiently with Cin7 is easy. Source your products and easily manage single or multiple purchase orders with precision.
The batch and expiry tracking feature allow you to place batch or serial numbers and other information on every item in your stock. This way, it becomes easier to know which batch or serial items that you are selling, the remaining stock levels, and the product's life cycle.
Also, Cin7 integrates seamlessly with much other useful software and platforms like Shopify, BigCommerce, and QuickBooks to help you scale more and optimize the performance of your business.
The Bluetooth barcode scanners that are compatible with many devices will ensure that you can manage your barcode inventory, batch, and serial tracking info on the go.
Besides the single-click accounting synchronization, Cin7 offers alternative General Ledger mapping to streamline your company's accounting.
Whether you want to manage your incoming stock, component stock, or finished goods and products, Cin7 is a great stock management solution for your business.
Best For Small Business Owners, B2B Product Sellers, and Wholesalers
Price: From $299 to over $999
Annual Discount: Save 10%
Promotion:
Key Features
Tracking and Control
Cost Accounting
Built-in Point of Sale (POS)
Sales Quoting
Automated Purchase Orders
Inventory Location Management
Custom Inventory Fields
Return Inventory Management
Automated Inventory Adjustment
Order Management
Order Fulfillment
B2B eCommerce
Reports and Forecasting
Production Management
Third-party Logistics (3PL)
Pricing
Cin7 Inventory Management Software has 4 plans to choose from; Small Business, Business, Advanced, and Enterprise.
While the pricing follows the flex-pricing model, the pricing plans have been provided for all plans except Enterprise.
Small Businesses plan, which is great for direct-to-consumer online sellers, while Businesses focuses on B2B and wholesale sellers.
The Advanced plan is more effective and far better for sellers to handle huge wholesale and consumer sales with more efficiency. The Enterprise is fit for complex businesses with unique problems.
Inventory Management Software for Small Businesses
Sortly's inventory management software is another effective and easy-to-use tool for managing your inventory across multiple locations.
Sortly boasts as the most intuitive inventory management software that was built with simplicity in mind. And it's true, you do not need thousands of resources and training manuals to set up and figure out how to use it even for the least tech-savvy users.
With multiple user accounts having customizable access, you can add as many team members as your management requires, each equipped only with the relevant privileges to work efficiently.
As an admin, you can access instant insight into who’s using what as well as give or revoke privileges to any team member to do the overseeing. That comes with many advantages if you seek software that can monitor your employee's actions.
Within the app, you can easily track items using Sortly's QR or barcode features. You can create and print custom codes, connect barcodes and QR codes to any items, and check items in or out to significantly reduce manual work and associated human errors.
Keeping track of your inventory is easy with Sortly. Setting up custom alerts and date reminders within the app ensures you stay updated on important stock information from any computer, tablet, iOS, or Android device.
Sortly's unique customizations make your inventory tracking adaptive and become the right tool across multiple industries. So, whether you want to manage your IT, medical, or construction inventory for real estate, auto parts, and more, Sortly can be an ideal software.
Best For Small Business Owners and Fast-Growing Brands
Price: Starting from $49 per month
Annual Discount: Save 50%
Promotion: 50% Off Flash Sales, 14-Day Free Trial
Key Features
Inventory Auditing
Inventory Control
Inventory Management
Inventory Optimization
Inventory Tracking
Custom Barcodes or QR labels
Low stock alerts and reminders
Beautiful CSV and PDF reports
In-app QR and barcode scanner
Data recovery for up to 6 months
API integrations
Third-Party Integrations
Customizable Branding
Data Import/Export
IT Asset Tracking
Multi-Channel Management
Order Management
Order Tracking
Purchase Order Management
Reorder Management
Serial Number Tracking
Usage Tracking/Analytics
Warehouse Management
Pricing
With the free plan, you enjoy limited functionality, but still great for you to get you started. It is ideal for individuals and new businesses.
The Advanced plan cost $49 per month with a one-time discount of $288 on an annual subscription. It is ideal for small businesses and fast-growing brands.
If you believe you need better inventory management software to scale your operations, the Ultra plan is ideal for you. Billed at $119 per month, you will get a 50% discount off your first year when you make your yearly subscription.
You can also contact Sortly's sales team to inquire about their custom plan if you need more than what these plans can offer.
Inventory Management Software for eCommerce
Cloud-based software, Veeqo, offers real-time multichannel inventory tracking across your eCommerce platforms, sites, and online stores to deliver more happy customers.
Never again find yourself in awkward situations, like selling out without knowing—Veeqo gives you better tools to gain control and more visibility for your inventory.
With fixed daily email updates on stock levels, it becomes extremely easier to monitor, track, and re-order your inventory. Fewer software companies often offer email updates from their inventory tracking and control features, giving Veeqo more points.
Additionally, Veeqo offers powerful features for inventory forecasting to get you ahead of shipping demands that could easily be overlooked during restocking.
Veeqo has shipping software that speeds up and optimizes your fulfillment operations. Having software that has built-in shipping helps you print bulk labels, manage your orders, and track your inventory in one place.
And, with its new digital picking-ready feature, you can upgrade your fulfillment features using Veeqo.
Best For Retailers
Price: Plans range from $48 to $1,250+ per month
Annual Discount: Save up to 20%
Promotion: 14-day Free Trial, Demo Available
Key Features
Multichannel Integrations
Automated Inventory Sync
Forecasting
Stock Control and Visibility
Built-in Shipping
Daily stock Level Alerts
Stocktaking on the Mobile App
Order Management Automation
Warehouse Management
Reporting & Audit Trials
Pricing
Veeqo offers 4 pricing options: Accelerator, High-growth, Premium, and custom plan. You can start a free 14-day trial on each of these plans and save up to 20% if you subscribe for an entire year.
Accelerator plan is priced at $195 per month, and you can access assisted implementations, order rules, 2 users, 3 sales channels, and phone, live chat & email support.
This plan is ideal for individuals or small business owners who need just a basic system to get started.
In the High Growth plan, priced at $253.50 monthly, you get access to Accelerator features plus purchasing forecasting, user permissions, returns management, 4 users, 5 sales channels, etc.
This is a scalable plan and is ideal for growing businesses.
The Premium plan is the most recommended for businesses that seek to streamline their entire order fulfillment process from start to finish.
It's priced at $325 a month, and you can have access to all features from High Growth plus digital picking, stock transfer, purchasing forecasting, free barcode scanner, and more.
If your business really needs more features than the standard plans, consider opting for a custom plan.
How To Pick The Best Inventory Management Software
Most inventory management software offers the same core features of inventory management. However, they often differ in how they prioritize their features.
While it might be apparent that some excel in one thing over the other, sometimes it is difficult to know what to pick and why.
If you know exactly what you want and what to look for, choosing the best software should be a breeze — provided you have enough options and time.
Want to brush your skills on what factors to consider? Let's check out these six key things to look for when choosing inventory management software:
Your Goals
The first thing to consider when choosing a viable inventory management software for your company is to find out your reasons for wanting software to manage your store.
Is it to minimize stock-outs and spoilages because of overstocking? Or is it because you want a business system that does everything for you?
Maybe you need software that can connect with multiple channels. Perhaps you have more than one goal that you want to achieve with your inventory system. But what are they?
Getting the right inventory management software boils down to how well you know what you want the software to do for you.
Therefore, to make it easier for you to evaluate different inventory management systems, be clear on what you want to achieve.
Features
Knowing what you want from inventory software is important, but so does knowing how to translate them into features.
Most inventory management tools do not deal with inventory management services only. Sometimes, it is effective to choose software with more in-depth features over all-in-one platforms that offer fewer but varied capabilities.
A single inventory management software could easily be your firm's full-blown business management system. Think of financial management, order processing, accounting, and shipping all in a single software.
That would be great for many businesses, and you should consider such if you need more than an inventory management system.
Otherwise, if you need comprehensive stock management, go with one that specializes only in inventory management with extensive customization capabilities.
Ease Of Use
Inventory management software has different levels of complexity. While most of them are designed for the average person, many others require some technical expertise to build an effective system from the start.
It may be reasonable to pick a plan that offers the most features that can be ideal for your inventory management but remember to check that you can handle most of the features in your plan.
If you do not have a technical team to handle your setup and configuration, you may mess up while trying to customize your software.
Moreso, if you pay for one that is so complex to use, you'll surely spend weeks trying to understand how it works and some more weeks to train your staff.
The good news is that most of the software comes with in-depth documentation, online resources, and helpful customer support services to help you whenever you get stranded.
Value for Money
Price is definitely the most important factor for choosing an ideal inventory system, and it is true because you may find the best tool with outstanding features, but you can't afford it.
Also, you don’t want to subscribe to a tool that can give an edge to your ability to make profits. If you chase feature idealism so much, you’ll find out that you are just skyrocketing your costs without considering your actual needs.
Logically, if it makes financial sense to you, then it can be a good option.
However, the best way to handle this price factor is to look at it in terms of the value you’re getting for your money.
For instance, if you lose orders every month worth $1,000 of profits because of errors of under-stockings and another $900 on spoilages and costs of overstocking, then investing in a $1,500 inventory management software is a great value for you even if you could just afford $500.
Customer Support
No matter how easy your software is to use or how simple it is to set up and maintain, you may at one time experience some issues here and there.
What if a bug is affecting the performance of your software? Will the software's support service be ready to help you as quickly as possible?
So you need to choose one that has the best customer support service, and here's what you can know which is the best:
More contact options
Faster response time
Comprehensive online resources
There are many other ways to onboard your issues, but what matters is for you to get support really quick no matter where you will get assistance.
Free Trials And Free Versions
Choosing software with free versions or free trials is a risk-free option to test their services before committing. It can be annoying to learn that software is not right for you after paying thousands for their long-time subscription. Worst still, if they do not offer cancellation options.
When you are analyzing inventory software for the first time, it is wise to choose software that offers free trials and fair cancellation policies to help you determine the best software without losing a dime.
How You Can Optimize Your Inventory with an Inventory Management Software
Managing your inventory with software is usually a simple process, but getting the most out of it is always a struggle.
If you want to optimize your inventory to the optimum level, then you have to put some effort into how you handle your software.
That said, here are a few tips to make the most out of your inventory software:
Pick The Right Inventory Management Software For Your Needs
For you to optimize your stock levels effectively, you need good software to start with. However, choosing the right software is a tough choice, and we have to make a choice, eventually.
Good software should solve your issues head-on. It should have favorable pricing, be easy-to-use, have excellent customer support, and more.
There are more tips for choosing the best software application above. Be sure to check it out if you missed it.
Subscribe To The Best Plan For Your Needs
Many people still think that choosing a plan is all about comparing prices against your budget.
At first glance, that seems to be the most viable option, since you can only subscribe to what you can afford.
But different plans offer distinct features, and you need to consider all the options, limitations, or capabilities of your preferred plan to see that it aligns well with your needs.
If you need basic stock control features, a cheaper plan with only the necessities can be good for you.
However, if you want complex inventory management capabilities, the chances are high that you won't be okay with a basic plan with limited features.
That way, you will need software with advanced functionalities from higher plans that give you everything needed to take your inventory management to the next level.
Make Use Of Forecasting Tools
It is extremely important to know when to increase or reduce your stock level due to the changing buyer behaviors.
The good news is that most tools that you choose for your inventory management will have built-in reporting features
However, choosing the ones with the most effective forecast models that predict customer demand and outline their exact impact on your stock levels is also crucial.
Be sure to make use of those reports to shape how you manage your inventory from their forecasting capabilities.
Accept Out-of-stock on Low Seasons
Seasonality plays a major factor in demand fluctuations that can affect your inventory levels.
Rationally, when the season is low, we don’t have to overstock. But when the season is high, we have to stock more.
That is true, as the primary motive for most business owners is to use inventory software to ensure 100% product availability with 0% out-of-stock scenarios for the entire year.
However, accepting out-of-stock for some items when its available will cost you a lot more than when it is available in your stock.
Implement a Unique Reorder Point Formula
Knowing how much stock is available and the exact point where you need to reorder is crucial for your stock management.
While it is always common for many companies to depend on the default software's reorder point, take another step and calculate your own ideal reorder points from a unique formula that takes into consideration factors like demand and safety stock.
It is tiresome and time-consuming to do it manually for all your products. Check if your inventory software has the capabilities to calculate or customize your reorder points automatically.
FAQ
What are the best ways to keep track of inventory?
Lot numbering and serializing: identifying items uniquely in your stock is the first way to keep track of inventory in your company. This helps you keep information about each item for easy access and management.
Using an inventory management software capable of tracking real-time stock levels: this is the easiest but the most expensive way of keeping track of your inventory.
Knowing and keeping the most ideal inventory accounting method for your business: developing a system that will streamline your company's inventory tracking is another way of tracking your inventory.
For instance, using the first-in, first-out (FIFO) method is especially important for keeping track of perishable products like food, makeup, and flowers.
How can inventory management software help my business?
The major benefit of inventory management software is to help you avoid product and production shortages while ensuring that you do not keep excess stock that may lead to more costs of storage, spoilages, or product obsolescences.
What is inventory management software?
Inventory management software is a tool that can handle how you source, store, and sell your inventory to ensure that there are always the right products in the right quantity at the right time.
How much does inventory management software cost?
Typically, an inventory management software cost ranges from free to $3,000 per month. The average cost is about $100 for average solutions and features.
Many pricing for many software companies varies depending on the number of features you intend to use. The more functionality you demand from your inventory management software, the more you will pay for the software.
What is the best inventory management software for eCommerce?
ChannelAdvisor is great for eCommerce entrepreneurs. Whether you are a first-party or third-party online seller, ChannelAdvisor can help you maintain all your channels as well as give you all the integrations and tools you need to manage your stock and eCommerce channels. You will also benefit from the software's advanced search engine optimization features.
What is the best inventory management software for retail businesses?
Veeqo is a good inventory management software for retail businesses. Besides the best features for managing the inventory of a retail business, its pricing is so favorable for all business sizes. Moreover, there are 4 plans to choose from, thus giving you more options for you to select the most ideal decision.
What is the best free inventory management software?
Zoho Inventory offers the best free version with the most comprehensive features. With Zoho's free plan, you can access almost all the features you need for your inventory management. This plan allows you to access one warehouse with two users and integrate with one Shopify store.
Is Excel good for managing my inventory?
Excel is not an effective inventory management tool because you have to keep updating it manually, which can be time-consuming and not scalable. With excel, you may not achieve the most necessary integrations with other tools like Salesforce to help you streamline your company's inventory management. However, excel can still give you basic tools to get you started.
Choosing the Right Inventory Management Software
Stock management is crucial for any business to succeed. However, for most companies, only 63% of the stock is accurate. That means that we may lose customers when we repeatedly oversell on what is out of stock when the customers placed their orders.
So you need the best inventory management software to help you sync your stock in real-time and ensure that you eliminate more time-consuming activities and human errors.
In this guide, I’ve reviewed for you some of the best inventory management software in 2022. There are still dozens of other inventory management tools.
But today, I have screened the top tools to come up with this list of the 19 best inventory management software to help you make the right choice.
To distill the list further, here are my best inventory management software:
Orderhive: Best overall
SAP Business One: Best for small business owners and Startups
Upserve: Best for restaurant owners
Zoho Inventory: Best free inventory management software
Unleashed: Best for large enterprises
Comments
Post a Comment