The basic function of inventory management software is to allow any business dealing with physical goods to effectively track, store, sort and manage their stock. Inventory management apps facilitate the logistical management of products, automating processes related to ordering, costing, transportation, storing, assembly, shipping and delivery. These apps give you a clearer overview and greater control over your product flow.
Inventory management tools are beneficial across industries, from manufacturers and suppliers to wholesalers and retailers. Manage stock across any stage of the supply chain process from the warehouse to the storefront. These applications are beneficial to businesses dealing with large quantities of products among multiple warehouses. They also cater to small business owners, shopkeepers and retailers, along with e-commerce store owners.
Common functionalities of inventory management software include automated repeat purchase ordering and batch ordering, alerting when stocks are running low, reporting on quality control, and the electronic sorting of product types. These business applications also track the movement of stock between warehouses and storage locations, along with the delivery and final shipment of goods.
By using an inventory management application to generate recurring orders you can avert issues such as over-ordering and under-ordering of stock and parts. Avoid excess storage costs by using capacity management tools to keep on-top of space in storage locations. With track and trace features such as barcode scanning you can monitor how long products remain at various locations, follow product transportation and ensure timely delivery.
Use the returns management and quality control management tools common to these applications to further improve your business performance. Communication among field workers and on-site staff can be augmented by using one common software to comment on orders and send notes to one another.
Detailed reports can be generated to give you a clearer overview of the inventory management cycle and alert you to any snags in the process. Historical data can help you identify trends and calculate future demand plans. Sales intelligence data can help with cost control and equip you with key business information.
GetApp's quarterly ranking showcases the top 25 Inventory Management apps based in the cloud. Each app is scored using five factors, worth 20 points each, for a total possible score out of 100. These factors include user reviews, integrations, mobile app availability, media presence, and security. Each app's score is independent of commercial interests and existing relationships that GetApp has with app vendors.
Scroll down for more details about how we calculate scores.
This ranking is for business owners and decision makers looking for a first glance at the leading cloud-based Inventory Management software in the industry. The data serves as a point of reference highlighting the key factors that small businesses should look at when first analyzing a piece of software. These factors include user perception (reviews), compatibility (integrations and mobile app availability), market presence (media presence), and security features (security).
For more details on why we chose these data points, take a look at our industry research reports, which provide in-depth explanations of each data point, as well as trends in the industry.
An app’s score is calculated based on five unique data points and is completely independent of any relationships that GetApp has with app vendors. The data points are calculated as outlined below:
The score for user reviews is calculated using a Bayesian estimate, which is a weighted average that includes the number of reviews and the rating of an app, benchmarked against other apps in the category. This raw number is then scaled to represent a value between one and 20.
Integration scores are calculated by scaling and adding two different averages for the number of listed integrations on GetApp: the first 15 points are awarded for the total number of integrations scaled against the average for the top 25 percent of apps in the category, while the final five points are awarded for the total number of integrations scaled against the leader in the category.
Mobile platform scores are calculated using data from Google Play and the Apple App Store. Five points are awarded for having an Android App, and another five for an iOS app. The additional 10 points are calculated based on the user ratings of the app in each store, rated out of five, for a total of 20 points.
Media presence is calculated using the number of Twitter followers and Facebook fans a vendor has. Each social network contributes a maximum of 10 points to the total score. The first five points are awarded for total number of followers scaled against the average number of followers that each vendor in the category has, while the remaining five points are awarded based on the total number of followers, this time scaled against the category leaders. The scores for Facebook and Twitter are added together for a total score out of 20.
Security is calculated using answers from a vendor-completed survey. The questions in the survey are based on the Cloud Security Alliance self-assessment form as part of the Security, Trust & Assurance Registry. With 15 questions, each answer is assigned a point value based on vendor response, with additional points given for security certifications, for a maximum possible score of 20.
In the event of a tie, each data point is weighted for importance, with security taking precedent, followed by reviews, integrations, mobile apps, and media presence, respectively.