Businesses need to be able to see and control their inventory in any industry. Companies that rely on manual workflows may find it difficult to monitor procurements and store inventory.

Modern businesses use software as a Service (SaaS), such as best inventory management software or enterprise resource planning software (ERP), to manage inventory, purchase, costing, product pricing, and inventory restocking.

Recent statistics from inventory management software show that retailers have around $1.43 of inventory per $1 in sales (Belyh 2022). Nearly 43% of small firms use this program to track inventories, which makes complete sense.

Due to this, many business giants are looking for inventory management software development. 

Businesses, regardless of their size, require effective and efficient resource management. This guide will help you find the best inventory management software available. It also lists their key features. This guide will help you choose the right inventory management system for your business. 

 

What is Inventory management software?

Inventory-Control

Inventory management software automates inventory management. This software allows you to track inventory levels accurately and identify which products you require more quickly.

Software that can detect when you are running low on an item will allow you to reorder it automatically. It can help you organize customer and vendor information.

 

List of 20 best inventory management software

Here we have compiled the list of best Inventory Management Software that you must check out for your business requirement. 

 

#1. Ordoro

logo-ordoro

Ordoro integrates inventory and shipping tools into one centralized management platform. It acts as a control platform that allows you to execute, monitor, optimize, and optimize all actions between fulfillment and incoming orders.

It is easy to use and lets you design routines that save you time. You can connect Ordoro to any business system using its API and existential connections list.

It is affordable and will assist you to expand your business. This is the best choice for growing e-commerce businesses that require additional control over back-end order processing and inventory management.

Warehouse managers who work with many retailers and third-party logistics vendors as well as other businesses that are heavily involved in order fulfillment will find it useful.

 

#2. Inflow

Inflow

You can manage both the incoming inventory needed to complete orders and the departing inventory needed to control items leaving your warehouses and stores with InFlow.

InFlow provides support for internal business, such as purchase orders, inventory transfers, and warehouse management. It also ships and fulfills orders. InFlow allows you to control all of these components in real-time.

InFlow helps you to consolidate inventory and warehouse operations. Small businesses that need to improve efficiency and control inventory can use the inFlow system. It offers integrations, pricing, and support to help you grow your business.

InFlow’s ease of use makes it an ideal choice for growing businesses that want to improve their inventory management. This is a great system for beginners to learn and can be used to replace manual methods like spreadsheets. After accounting for pricing and capabilities, it will be a strong competitor to most platforms.

 

#3. Cin7

Cin7_Logo

Cin7 is the perfect platform to help you create your inventory system. This platform automates critical tasks such as purchase orders, tracking inventory and shipping, order fulfillment, and other important functions. 

Cin7 is a standout with its extensive range of retail capabilities. It offers a wide range of retail management tools. These include payment processing and point-of-sale capabilities.

These valuable additions are a great option for retailers who want to manage their business from one place. Cin7’s focus on retail means that it is not the best choice for the fulfillment, warehouse, and other non-sales business. 

 

#4. Cova

Cova Software Logo

Cova is among the best inventory management software and POS systems that merchants in the US and Canada can use. It integrates cannabis inventory management with a point-of-sale interface system to update inventory status automatically in real-time.

It is much more than that. Cova is a centralized intelligence hub for users that combines all business-specific processes in one platform. 

It also features customer queue management, automated discounting, and advanced inventory reporting. The software also has helpful compliance and legal features. These features include statewide traceability and an age verification scanner.

One-click reporting is also available for Canadian Compliance. However, it is vital that you must consult with IT professionals before you develop inventory management software for the better success of your business. 

Additionally, the program has reporting features and an excellent Insights on-the-go function. Cova also has an offline mode that allows users to make adjustments or other decisions even if they don’t have an internet connection. Cova is automatically updated when it connects to the internet again.

 

#5. Fishbowl

Fishbowl

Fishbowl has a wide range of inventory management features. The core features of Fishbowl include everything you need for stock movement monitoring and optimization. These include order receipt, warehousing management, and shipping and fulfillment.

The Fishbowl inventory listing integrates seamlessly into the larger Fishbowl ecosystem. It is possible to guarantee that orders received through retail or e-commerce systems refresh inventory counts, accounting figures, and reporting by centralizing crucial procedures.

This order would cause the completion of the necessary steps in the warehouses, shipping, and order fulfillment.   

In the QuickBooks family, Fishbowl is included. For customers of the well-known accounting software, it is a perfect fit because of this. Additionally, it simplifies inventory costing. Fishbowl can be used as a standalone tool to manage inventory, but it’s not required.

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#6. Zoho

zoho logo

For business development through many channels, cutting-edge inventory management software is crucial. Zoho Inventory, one of the best inventory management software, streamlines business operations. It enables users to handle stock, purchase orders, and exports effectively. 

When a firm saves its GSTIN, this inventory software that is compatible with GST immediately populates itself with that information. Item-kitting features are available in Zoho Inventory, an inventory management tool driven by artificial intelligence that is fully loaded and adaptable to the demands of every organization.

Zoho Inventory integration enables sales management on online marketplaces like Amazon, eBay, Etsy, and Shopify. Sales teams may effectively handle both physical and online orders with the help of this comprehensive order management system.

The flow of each item from the warehouse to the sales point is tracked using an end-to-end tracking system in Zoho Inventory. Customers of Zoho Inventory get access to a variety of useful services, such as real-time shipping costs and information in in-transit.

 

#7. Sellbrite

Sellbrite

Sellbrite inventory management system may assist you to overcome the issue of overselling. The greatest inventory management program for enterprises is Sellbrite, which enables you to control your inventory and stop overselling items.  

The software delivers enterprise-level inventory control tools and is user-friendly. Additionally, it aids in the stock, sales, and purchase order balance for enterprises.

Regardless of whether they trade in thousands or only a few hundred goods, Sellbrite enables companies to control their inventory from a single interface.

It enables users to quickly examine and manage available goods as well as stock levels for on-hand, reserved, and on-hand stock. Using Sellbrite’s automated inventory adjustment features, the company is able to manage its FBA volumes across all channels.

Small companies can consider using Sellbrite inventory management software. It has cutting-edge features that are simple to use and helps prevent overstocking.

 

#8. Lightspeed

Lightspeed

To manage your expanding business, choose Lightspeed, the greatest all-in-one inventory management program. The only system that helps a business function smoothly and controls sales and inventory is Lightspeed retail POS.

Lightspeed has grown more than fourfold since its inception. This is thanks to its user-friendly design, advanced features, and easy-to-use interface.

The software can be described as a smart, flexible technology that scales up businesses and provides a comprehensive retail management solution. The software enables you to sell from any device, transfer goods, see sales data, and grow. A program for inventory management is simply one aspect of Lightspeed POS. 

 

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It’s a platform that keeps your customers updated. POS software allows you to view customer profiles, purchase history, as well as categories of customers.

Lightspeed also offers additional support for fulfilling consumer demand, layaways, and work order management, as well as ensuring timely delivery.

 

#9. SkuVault

SkuVault

SkuVault’s eCommerce inventory software makes operating your eCommerce business easy. The platform offers a variety of hassle-free processes and is easy to use. Your order fulfillment procedures may be made more efficient with the system, from inventory control to warehouse organization.

The pick-to-ship procedure moves forward more quickly and effectively. Every time, orders are fulfilled on time. Business operations are simplified by the system’s capacity to sync sales channels from many sources.

You can prevent shipping mistakes and inadvertent shipments thanks to the automation of the inventory management system. You may maintain targeted market quantity levels by using quantity buffers.

As a result, you’ll never oversell or run out of stock. What else? You are able to estimate inventories properly for maximum sales thanks to smart analytics and reporting tools.

 

#10. monday.com

monday.com

monday.com is undoubtedly the best inventory management software available today. It’s a flexible platform that can be customized to meet your needs. It’s also used by many SMEs as an inventory solution.

It is highly customizable to meet your specific needs and is easy to use. Its highly-visual dashboard is equipped with customizable tools. With the aid of these tools, you may quickly connect other facets of your organization to your inventory management.

Drill downs via tags, collaboration tools, workflow management, and visibility tools are all part of inventory management. These features are in addition to the robust monday.com project management tools.

It is also enhanced by the many integrations and automation. Many companies use it as a hub to host their software stacks. Additionally, you are able to automate these connectors’ activities by setting up event triggers.

This is what makes monday.com such a powerful site. Shopify, Pipedrive, and Jira are all examples of integrations. Monday.com also offers native mobile apps.

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#11. ShipBob

ShipBob

ShipBob, a cloud inventory management solution, is best used by companies that have e-commerce fulfillment operations. It allows users to link their inventory management process with their e-commerce portal and provides fulfillment solutions.

This allows companies to manage stock delivery, storage, fulfillment, and other operations seamlessly. Small and medium-sized enterprises frequently select ShipBob. It is also a reputable 3PL business.

Warehouse kitting, distributed inventory support, and product warehousing are key features. These features are vital for e-commerce businesses. These features also allow users to manage inventory at ShipBob’s fulfillment centers.

These tools allow users to easily divide their inventory according to forecasts and demands.

It has robust inventory management features, as well as order management, return management, international shipping, and e-commerce integrations. ShipBob offers discounts on shipping.

Its tie-ups are with companies like FedEx, DHL, and UPS. It is more than just a cloud inventory management system. It is also a great fulfillment solution.

 

#12. GEP NEXXE

GEP NEXXE

GEP NEXE is the best inventory management software that combines warehouse management, inventory management, and supply chain management. Companies of all sizes can use this end-to-end supply solution, including SMEs and large corporations. Users also value the software’s collaborative analytics tools for inventory control.  

These solutions include solutions for quality management, forecasting, capacity planning, and capacity planning. GEP NEXE is a great choice for people-driven operations because of these and other management features. 

It also offers cloud inventory management software that is AI-powered and can be combined with warehouse management tools. The key features include stock-level management and demand forecasts. These features can be linked to a logistics management module so users can make decisions based on historical data and product demand.

GEP NEXE also offers native apps for mobile devices in the App Store or Play Store. It can also be used by field and mobile personnel. It can also be integrated seamlessly with third-party solutions, and, of course, other GPE apps with the help of on-demand app development services. GEP NEXXE is also available through a quote-based subscription plan.   

 

#13. Katana

Katana

Katana, a web-based inventory management software that allows manufacturing businesses to manage their entire production process online, is an end–to–end platform.

It is well-known for its integrated inventory management system. It is an ideal choice for small to medium-sized manufacturing companies. Katana’s key inventory management features include material availability, real-time inventory control, and stock-level optimization.

These features are connected seamlessly with production operations features such as routing, production recipes, and production planning. It also includes features for sales such as a sales grid or a management module. Katana is truly an end-to-end solution.

It also integrates well with third-party apps, such as e-commerce platforms. These include Shopify and WooCommerce as well as eBay and BigCommerce. additionally, it interfaces with accountancy programs like Xero and QuickBooks. 

The web-based solution can be deployed in a simple, one-month standard plan for $99 per month. Users of the inventory and their locations can be subject to additional costs. The platform may change to meet the demands of the business.  

 

#14. Sortly

Sortly

Sortly is designed for small businesses that need affordable and the best inventory management software. Small companies may manage their inventory with the aid of Sortly’s generous, free plan.

You can also take advantage of Sortly’s affordable subscription plans to unlock additional tools if you have more than 100 products.

Although the free plan from Sortly may be suitable for small businesses it has very limited features. You can unlock more features if you upgrade to a paid subscription. You will get custom barcodes, QR labels, user access, permission levels, auto sync via the cloud, low stock alerts, and many other essential features.

 

#15. Quickbooks Commerce

Quickbooks Commerce

Inventory management software for small and medium-sized enterprises is available in the cloud through QuickBooks Commerce, formerly known as TradeGecko. This continues to stand out among the rest because of its international focus. QuickBook Commerce requires you to be based in the United States to use it.

The software provides a robust inventory management system, reporting, support for multiple users, and advanced accounting functionality. It also integrates seamlessly with leading eCommerce platforms. QuickBooks Commerce is much more than inventory management software. These functions are supported by many features, including the ability to sell online in any country or currency.

QuickBooks Commerce is a great inventory management system that can be used by small and medium-sized businesses. the international online sales support is what makes it stand out. QuickBooks Commerce supports international online sales if your business is located in the United States and has customers abroad.

It offers robust inventory management, accounting, as well as eCommerce features.

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#16. Netsuite

NetSuite is the best inventory management software and feature-rich ERP software that can be used by large companies that have outgrown less-expensive tools like QuickBooks. It is perfect for companies who want an all-inclusive software package that offers a full company management solution.

It is ideal for global enterprise organizations. Additionally, if you are a business venture who wants to invest in software like Netsuite, it would be better to hire dedicated developers

NetSuite is a great choice if you require complex accounting tools, project management, and inventory features. Companies that want highly configurable accounting, international compliance, or subsidiary administration should use NetSuite.

NetSuite is a strong, scalable solution that can grow with your business. However, you must be willing to pay the high subscription fees.

 

#17. Vend

Vend

The POS features of Vend, which are powered by parent firm Lightspeed, are its most well-known features. Vend, however, also catches many off guard with its robust inventory management tools and multistore capabilities.

You can also build and retain your customer base with a built-in loyalty program. Vend is a fantastic option for companies both online and offline. 

Vend’s robust and scalable retail management capabilities make it a top choice for small and medium-sized businesses looking to integrate payment processing and strong inventory management. Vend is loved for its simplicity and affordability. It also has a robust inventory management system.

 

#18. Square inventory

Square inventory

Square is well-known and has the best inventory management software for its payment processing and POS service. Although its inventory management function is less well-known, Square has a good set of features at an affordable price.

Although Square’s inventory management features are not sufficient for large companies with multiple locations, it will be enough for many other businesses. Square’s stock management and integrations are attractive and affordable for small businesses that already use Square POS.

 

#19. Orderhive

Orderhive

Orderhive is a cloud-based inventory management system software that deals with anything from order fulfillment to online shopping robotics and product mobility. All of your inquiries regarding making wiser business judgments will be satisfied by this one-stop resource. 

Modern technology called Orderhive works with automated e-commerce and real-time inventory synchronization. It also simplifies purchase management and provides quick analytical reports.

Users may check out Orderhive’s capabilities as well as what customers can do to help their business development during a 15-day free trial. 

To provide the best inventory control, our inventory control software tracks product flow and cuts down on guessing. Using software called Orderhive, manual operations can be automated, prices can be reduced, and inventory can be synced amongst all sales channels, warehouses, and delivery centers. 

 

#20. SOS Inventory

SOS Inventory

SOS inventory is a great complement to QuickBooks Online. It enables you to track all of your inventory from the comfort of your own home and allows you to view it in numerous locations.

With its order processing, production, and backorder tracking features, you have an advantage over competing applications. it can be used to create and track assemblies, and it also allows you to have multiple work-in-progress stages.

If you want to build inventory management software for your business, then you must take help from an experienced team of developers. 

This software will allow you to remotely manage your inventory and assembly. With the serial number, you can track the history and current location of any item. You can track and create sales orders, unlike Quickbooks Online.

The packaging and shipping procedure may be integrated into your invoice creation in Quickbooks. Major websites like Shopify, Paypal, and Bigcommerce are integrated with Quickbooks, allowing you to handle every element of your business with ease.

 

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Our round-the-clock customer service is available through phone and email during business hours to answer all of your queries. Even if Quickbooks is down, you may still manage your websites by using the emergency code deployment option of Quickbooks.

 

Conclusion

Inventory management is essential for any business, no matter how big or small. We have already highlighted the best inventory management software. You won’t regret using it to manage and track your inventory. 

We hope that our best inventory management software list has helped you narrow down the ones that will work best for your business. Aside from that, don’t forget to consider your budget, the nature of your goods, and your company’s demands. 

Do your homework, weigh features and costs, and then pick the best software for your business. However, for better results, you can even take assistance from a mobile app development solution who are proficient in developing robust software.