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Inventory Management Software

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Inventory Planner logo
4.6
(36)

Cloud-based inventory planning and forecasting software

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Inventory Planner is a software that helps businesses automate inventory management and planning on a centralized platform. It is an essential tool for businesses with large inventories and multiple locations. Avoid overstock and out-of-stocks through accurate, data-driven forecasting.

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Global Business Commerce logo
4.3
(6)

Inventory, catalog, and shipping management software

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Global Business Commerce is an all-in-one ecommerce platform that lets small and medium businesses manage their product catalog, monitor sales, track inventory, and optimize pricing strategies. With integration into various marketplaces, it offers full ERP solutions, including cloud-based inventory management, warehousing, and selling channel management.

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NetSuite logo
4.1
(1.4K)

The World’s Leading, Most Deployed Cloud ERP Solution

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NetSuite inventory management automates manual processes associated with traceability, replenishment, cycle counting, and managing inventory across multiple locations. With a single view of items, inventory, and orders businesses can carry less inventory on hand and free up cash.

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Katana Cloud Inventory logo
4.6
(164)

Real-time inventory management insights to prevent stockouts

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Katana’s cloud inventory platform covers the live inventory, production, accounting, and reporting features that give businesses the knowledge they need to make the right decisions.

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inFlow Inventory logo
4.6
(460)

All-in-one inventory management software for small business.

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inFlow Inventory has specialized in inventory management for over 13 years and covers the full flow of product. Whether it's reordering, receiving, fulfilling, or shipping—you can do it all with inFlow.

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ShipStation logo
4.6
(894)

The Shipping Software with the Most 5-Star Reviews

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ShipStation helps eCommerce sellers easily aggregate orders from multiple sales channels (like eBay, Amazon, Magento, and more!) and fulfill their orders through a variety of shipping carriers and fulfillment providers. Paired with automation features, we save you hours each day on fulfillment.

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SellerChamp logo
4.3
(90)

Multi-channel eCommerce solution for small to large firms

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SellerChamp is a cloud-based multi-channel eCommerce solution designed to help small and large businesses manage listings, repricing, and cross-selling across various online platforms. The platform automatically extracts product details, features, and images via UPC or ASIN.

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Cin7 Omni logo
4.3
(586)

Connected Inventory Management. Simplified.

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One cloud-based solution to manage stock in real-time over multiple channels. Cin7 integrates online and physical sales channels and stock locations and automates order management for fast, efficient fulfillment.

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Thrive by Shopventory logo
4.8
(90)

Real-time, cloud-based inventory management system

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Looking for inventory management and optimization? Look no further than Shopventory. Works seamlessly with your POS and eCommerce platforms. 30-day free trial.

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Smart IP&O logo
4.7
(11)

Demand Forecast and Inventory planning suite

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Smart IP&O is a web-based, integrated suite with modules designed to help businesses to track business metrics and forecast accurately to optimize service levels. The platform integrates four modules; Smart Inventory Optimization, Supply Planner, Demand Planner, and Operational Analytics.

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TrackVia logo
4.5
(33)

Build Apps Crazy Fast, Without Code.

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TrackVia helps IT and business users turn manual processes or spreadsheets into web and mobile apps fast and with no complex coding.

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Brightpearl logo
4.4
(157)

The retail operations platform for brands and retailers

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For retailers trading over $1M, Brightpearl helps increase inventory accuracy with real-time syncing across all your sales channels, provides data-driven inventory planning so you can meet demand and comes with a huge amount of best-in-class features to help your retail/multichannel business.

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WithoutWire logo
4.8
(4)

The WMS designed for complex inventory management.

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We provide barcode scanning with a wide range of inventory operations on android, iOS devices with scalable Microsoft backend technology. We secure our system using Microsoft Azure Active Directory. We embed Microsoft Power BI for data analytics of inventory operations. We improve efficiency.

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Algo logo
(0)

Unleash the power of AI.

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Algo, our supply chain platform, seamlessly tracks inventory and demand across channels. The enriched platform integrates fragmented data for real-time predictive insights, empowering growth-focused, data-driven decisions. A synergy of technology and business solutions ensures rapid ROI in weeks.

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MarginPoint logo
4.5
(11)

MarginPoint controls all inventory, regardless of location

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MarginPoint is a leading provider of cloud-based Multi-Site Facilities and Inventory Management solutions to Multi and Single-Family Property Managers, Government, Universities, Commercial Real Estate, and Construction firms. Many of the nation’s leading companies currently rely on MarginPoint

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Finale Inventory logo
4.7
(205)

See why companies are saying: Finally, I've found Finale.

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Finale Inventory provides a complete inventory management solution to prevent overselling on marketplaces and shopping carts, powerful reordering capabilities to prevent running out of stock, and an integrated barcoding scanning solution for efficient warehouse fulfillment operations.

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Acctivate Inventory Management logo
4.1
(111)

Inventory management add-on for businesses using QuickBooks.

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A way for distributors & manufacturers to manage inventory, orders, tracking info, see product availability & fulfill orders faster in QuickBooks.

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Zoho Inventory logo
4.5
(384)

Order and inventory management for growing businesses

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Stay on top of your inventory at all times. Keep tabs on your stock right from order to delivery and never lose out on a sale again, with Zoho Inventory

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Kechie logo
4.7
(32)

All-in-one cloud-based ERP & Inventory Management for SMBs

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The new generation of Cloud inventory management software. Kechie adapts to your business, with customizable fields, easy implementation, and ready to grow with your business. Kechie streamlines your business needs by automating and synchronizing the inventory management, and much more.

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Asset Panda logo
4.6
(1.3K)

Helping the world work smarter.

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Asset Panda is a powerful cloud-based asset relationship management platform that helps you keep track of your devices and create interdependencies between them. Our customizable software adapts to your unique workflows and use cases, whether you're tracking computers or construction materials.

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3PL Warehouse Manager logo
4.1
(120)

Connecting the world through intelligent distribution

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Extensiv helps our customers evolve their businesses to better serve customers better, operate more efficiently, and grow faster.

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Extensiv Order Management logo
4.8
(109)

Ecommerce Inventory, Orders, and Operations Management

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Manage your inventory across all marketplaces & shopping carts

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ChannelEngine logo
4.5
(43)

Connecting Global Ecommerce

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ChannelEngine empowers brands and retailers to grow their online reach. It facilitates global ecommerce growth through an advanced set of tools and an extensive partner network.

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ShipBob logo
3.7
(98)

Picked. Packed. Shipped. Done.

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ShipBob brings next- & 2-day shipping and logistics to fast-growing ecommerce brands through software and distributed fulfillment centers. With 30+ locations across 3 continents, ShipBob's strategically located near your customers to provide cost-effective, fast shipping options.

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Netstock logo
4.9
(51)

Make better inventory management decisions with Netstock.

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Netstock is a leading cloud-based inventory management software that integrates with most ERPs to help companies with their inventory optimization. Balance your inventory investment by minimizing stockouts and reducing excess stock.

Netstock is not a barcoding, WMS, or inventory control solution

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Here's what we'll cover:

Buyers Guide

Inventory Management Software

Manufacturers need to automate their inventory management processes to effectively meet customer demand and avoid overstocking goods. 

Inventory management software allows manufacturers to streamline inventory forecasting, supplier management, inventory optimization, and other key parts of the product manufacturing and distribution process. With an inventory management system, manufacturers are able to identify trends in product sales, and ultimately create a better experience for their customers. 

In this guide, we'll cover:

What is inventory management software? 

Inventory management software monitors inventory levels to facilitate the optimal production and distribution of goods (for wholesale or retail). These applications enable organizations to efficiently manage their inventory, as well as procurement and order fulfillment. Inventory management solutions ensure accurate real-time inventory reporting and distribute this essential data across multiple locations.  Inventory management software is related to inventory control software and supply chain management software.

What are the common features of inventory management software?

  • Inventory management: Track and manage the quantity of resources on hand to maintain proper inventory levels. 

  • Inventory optimization: Balance and streamline inventory stock to meet customer service and revenue goals. Categorize inventory based on attributes such as item type, utility, and price range. Add custom tags to products and identify sales trends based on these tags.

  • Product identification: Link barcodes or serial numbers to specific items for identification. 

  • Cost tracking: Record and monitor cost-related information for assets (e.g., budget for assets, equipment cost, revenue).

  • Forecasting: Form predictions based on past and present data/trends, such as what products will be needed in the future and when reorders should occur.

  • Inventory auditing: Leverage software support for inventory counts (stock counts and stock stakes).

  • Order management: Organize, track, monitor, and execute customer orders for goods, investments, and other purchases via website or in-store sales. 

  • Reporting/analytics: Create inventory-related reports and analyze real-time inventory metrics such as stock levels, costs, profit, and utilization rates. 

  • Search/filter: Search and filter through available resources to locate inventory-related information. 

  • Shipping management: Organize and track delivery orders.

  • Supplier management: Manage various aspects of your supplier relationships, such as autofilling purchase orders, storing supplier details, tracking transaction histories, and supplier discounts. 

How do small and midsize businesses use inventory management software?

Small and midsize businesses (SMBs) use inventory management software to help manage and optimize their supply chains. With an inventory management solution, SMBs can ensure that they have the correct amount of inventory in stock at the appropriate locations. 

This helps small and midsize manufacturers meet customer demand and establish good working relationships with suppliers and retailers. Typically, SMBs have a limited amount of resources to work with, making it even more crucial for manufacturers to make well-informed decisions regarding product development and distribution efforts. 

Inventory management systems can help these businesses drive down inventory costs while meeting production requirements. 

What is the cost of inventory management software? 

Most products in this market are priced on a per user, per month basis, billed annually. Pricing can be divided into three pricing tiers based on the starting prices: 

Price ranges:

  • $24 - $38

  • $38- $91

  • $91+

*The pricing included is for the entry-level/lowest-priced offering found on vendor websites on April 19, 2022. These ranges correspond to the 25th, 75th, and 100th percentiles of pricing information gathered from vendor websites of sample products. 

What are the three major inventory management techniques?

Although there are a wide variety of inventory management techniques, there are three primary techniques that manufacturers commonly use to streamline the inventory management process and save money: 

  • Just in time (JIT) delivery: In this technique, customers place an order with a manufacturer, and then the manufacturer places an order with their suppliers. Once these suppliers receive the order, they supply the manufacturer with the materials needed to fulfill the customerʻs order.  In other words: manufacturers only receive goods as needed for their production process. This technique can reduce inventory holding costs and decrease storage space requirements for manufacturers. 

  • Push strategy: Manufacturers that use this technique order inventory based on customer demand forecasts. The goal of this strategy is to move accumulated products into the marketplace, reducing the risk of product damage during storage and reducing costs associated with product overstocking. 

  • Pull strategy: With the pull strategy inventory management technique, manufacturers order small amounts of inventory in response to customer demand. This eliminates the need to forecast customer orders, and can minimize the risk of product waste and save money that would be otherwise spent on warehousing costs. 

What is the difference between inventory control and inventory management?

Although inventory control and inventory management are both important parts of the goods manufacturing and distribution process, they have key differences. 

Inventory management is the process of forecasting and replenishing inventory, whereas inventory control is a method specifically used to regulate the inventory levels within a companyʻs warehouse. 

In other words, the scope of inventory control is much smaller than inventory management since the latter includes maintaining supplier relationships and responding to customer demand. Inventory control mainly focuses on how many products are being stocked and whether or not the goods are in usable condition. 

What are the deployment options for inventory management software?

  • Cloud-based deployment: These solutions are hosted on the software vendor’s servers. Users are provided with individual accounts, which they can access by signing in from a web browser or mobile app. Cloud-based systems are usually priced on a per user, per month basis.

  • On-premise deployment: On-premise systems are hosted on a business’ own servers. These systems have one-time per user license fees and upgrade costs. You’ll also often need to purchase servers and network equipment.

What are examples of advanced inventory management software configurations?

While the common features listed above are core to a manufacturer's essential business needs, it can be helpful to know about the advanced features offered by some inventory management software. 

Some of these features could be important for your needs, based on your business type, size, and requirements.

  • Warehouse management: Fulfill warehouse operations such as designating inventory location, searching for an item or batch, and tracking inventory movement.

  • Barcoding and RFID: Add barcodes and RFID tags to your inventory to track the real-time location and movement of physical inventory.

  • Supplier management: Track the real-time status of inventory procured from third-party vendors.

  • Reorder management: Calculate critical stock levels and reorder points based on historical trends. Receive alerts as soon as stock dips below a reorder point.

  • Multichannel management: Manage inventory for multiple sales channels such as physical store sales, online sales, and distribution network sales. View stock levels in real time as soon as a purchase is made through any of these channels.


Sources

Products evaluated for the pricing calculation were taken from GetApp’s inventory management software Category Leaders report. The pricing ranges exclude freemium versions of the products. The features highlighted were identified based on their relevance and the percentage of products in GetApp’s directory that offer them.


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*Note: The applications selected in this article are examples to show a feature in context, and are not intended as endorsements or recommendations, obtained from sources believed to be reliable at the time of publication.