Inventory management is an essential part of any business, small or large. It lets you track stock levels, purchase orders, and other necessary inventory details. But with so many different types of software available today, it can take time to know which one best suits your needs. That’s why we’ve created this guide – to help you find the best inventory management software for your business in 2023. We’ll explore some of the key features that make a great system and provide our top picks for best inventory management software solutions this year. With our free guide, you’ll have everything you need to choose the right system and start managing inventory more effectively than ever!
1. Cin7
Cin7 is the best inventory management software available on the market, designed to save businesses time and money by streamlining their operations. With powerful reporting capabilities and automation, Cin7 makes managing orders, stock levels and fulfillment easy from one centralized dashboard.
Features:
Inventory Management: Cin7 automatically updates inventory levels across all channels in real time, ensuring that stock is accurately tracked throughout the supply chain. It also provides visibility into product forecasts, enabling you to plan for future demand.
Order Fulfillment: Cin7 simplifies order fulfillment by automating the entire process from start to finish. It integrates with popular shipping providers like FedEx and UPS for efficient order processing and tracking.
Reporting & Analytics: Cin7 delivers comprehensive analytics to provide deep insights into your business performance. You can track sales metrics, key performance indicators, and more with ease.
Pricing:
- Standard: $325
- Business: $749
- Advanced: $999
- Enterprise: Contact
2. inFlow
inFlow is a cloud-based inventory management and order-tracking software designed to help small businesses and entrepreneurs manage their stock, sales, orders, customers, payments and more. It simplifies the tedious tasks of tracking stock levels, creating purchase orders, generating invoices, and enabling users to track their sales data in real time.
Features:
Stock Control: inFlow helps users keep track of stock levels by automatically updating when inventory comes in or goes out. It allows for custom reorder rules that make it easier to restock items before they run out. It also helps with forecasting future demand based on past trends.
Order Tracking & Fulfillment: inFlow makes it easy to keep track of customer orders and manage the entire fulfillment process from start to finish. It can be integrated with shipping services like UPS and FedEx for faster delivery of goods.
Invoicing & Payments: It enables users to quickly generate invoices using customizable templates, which can be sent directly to customers via email or print. Additionally, it supports online payments so customers can pay without ever having to leave the system.
Pricing:
- Standard: $89
- Business: $219
- Advanced: $439
3. Katana
Katana is an intuitive inventory management system designed to help businesses keep track of their stock levels, orders and invoices in a single dashboard. It also provides automated forecasting and reordering capabilities, so you can restock items before they run out. Plus, Katana integrates with popular POS systems for even more efficient management.
Features:
Inventory Tracking & Reordering: Katana simplifies the process of tracking inventory levels and automatically generates purchase orders when stocks are running low. It integrates with other inventory management systems for easy sales data monitoring and automates forecasting based on past trends.
Order Management: Katana enables users to manage customer orders from start to finish without ever having to leave the system. This includes creating invoices, tracking shipments and processing payments.
Reporting & Analytics: Katana provides detailed analytics to help users better understand their business performance. It offers insights into key metrics such as sales trends, inventory levels and customer lifecycle.
Pricing:
- Standard: $99
- Business: $299
- Advanced: $599
- Enterprise: Contact
4. Zoho Inventory
Zoho Inventory is an easy-to-use inventory management system designed to help businesses of all sizes track their stock levels, orders and invoices in one centralized dashboard. It automates critical processes such as order fulfillment, reordering and payments so you can save time and money. Plus, it integrates with popular POS systems for even more efficient operations.
Features:
Inventory Tracking & Reordering: Zoho Inventory helps users keep up with stock levels by automatically updating when inventory comes in or goes out. It also enables them to set custom-to-reorder rules that make it easier to restock items before they run out.
Order Fulfillment & Management: Zoho Inventory simplifies managing customer orders from start to finish. It can generate invoices, track shipments and process payments quickly and easily. Plus, it integrates with popular shipping services for faster delivery of goods.
Reporting & Analytics: Zoho Inventory provides insights into sales trends, inventory levels and customer data so users can better understand their business performance. It also offers real-time analytics to provide deep insights into their operations.
Pricing:
- Standard: $0
- Business: $59
- Advanced: $159
- Enterprise:$239
- Ultimate: $329
5. Lightspeed POS
Lightspeed POS is an all-in-one, cloud-based point-of-sale software designed to help retailers of any size manage their inventory, customers, and sales. It’s designed to be easy to use and integrate with other popular applications. Lightspeed POS helps retailers streamline operations and increase efficiency while saving time and money.
Features:
Inventory Management: Lightspeed POS provides comprehensive inventory management tools that make it easy to track stock levels, set reorder points, monitor supplier orders, and quickly add new products to the system. It also features advanced search capabilities so users can easily find the needed items.
Sales Reporting: Lightspeed POS allows users to view sales data in real-time to identify customer trends and optimize pricing strategies. Reports can be customized for any timeframe or customer segment for more detailed analysis.
Customer Management: Lightspeed POS offers powerful customer management tools that enable users to segment customers into groups based on criteria such as purchase history or membership status. Users can also provide personalized discounts and loyalty rewards programs to entice repeat shoppers.
Pricing:
- Standard: $119
- Business: $169
- Advanced: $249
- Enterprise: Contact
6. Ordoro
Ordoro is an online inventory management software designed to help businesses of any size manage their stock levels, orders, and invoices from one central dashboard. It helps users organize and keep track of inventory in multiple warehouses, automate the reordering process and generate reports for better analysis.
Features:
Inventory Tracking & Reordering: Ordoro makes it easy to monitor stock levels across multiple warehouses and quickly add new products or update existing ones. It can automatically generate purchase orders when stocks run low, so you always have items.
Order Management: Ordoro enables users to manage customer orders from start to finish without having to leave the system. This includes creating invoices, tracking shipments, processing payments and more. It also integrates with popular shipping services for faster delivery of goods.
Reporting & Analytics: Ordoro provides insights into customer data, sales trends and inventory levels so users can better understand their business performance. Plus, it offers real-time analytics to provide deep insights into operations and uncover growth opportunities.
Pricing:
- Free: $0
- Business: $59
- Advanced: $149
7. Spocket
Spocket is an innovative inventory software that enables businesses to easily manage their stock, keep track of orders and optimize their operations. It is ideal for small- to medium-sized businesses that want the convenience of having a single platform to manage their inventory effectively and efficiently.
Features:
Automatic Restocking: Spocket automatically alerts users when it is time to restock items to ensure they are always in stock. This helps prevent overstocking and wasted funds due to out-of-stock items.
Inventory Tracking: Spocket allows users to keep track of inventory with its intuitive dashboard, where they can view stock levels and order history in real-time. This means users can quickly identify when it is time to restock and always know exactly how much product is on hand at any given moment.
Order Management System: Spocket’s sophisticated order management system ensures orders are fulfilled quickly and accurately, providing customers with a fast, reliable shopping experience. The software also integrates with many popular eCommerce platforms such as Shopify, WooCommerce and Magento, making it easy for merchants to start immediately.
User-Friendly Interface: Spocket’s user interface is simple and intuitive, allowing anyone—even those without technical skills—to quickly learn how to use the software without difficulty. Additionally, the website includes helpful tips and tutorials so users can get the most out of Spocket’s features quickly and easily.
Pricing:
- Free: $0
- Business: $29.99
- Advanced: $49.99
- Empire: $99.99
8. Upserve
Upserve is one of the best inventory management software available today. With its intuitive and easy-to-use interface, Upserve helps restaurants, bars, and cafes stay organized and efficient in managing their stock. With features like real-time inventory tracking, multi-location support, automated purchasing and forecasting, Upserve provides a powerful yet simple way to manage any hospitality business’s inventory.
Features:
Real-Time Inventory Tracking: Upserve’s real-time inventory tracking ensures that businesses always have an up-to-date view of their stock levels across all locations. This allows users to make better decisions about when to restock items and avoid costly overstocks or stocks.
Multi-Location Support: Upserve supports multiple locations for businesses with multiple stores or outlets across various geographies. With this feature, businesses can keep track of their entire inventory from one central dashboard in real-time, regardless of where the items are located.
Automated Purchasing & Forecasting: Upserve’s automated purchasing feature allows users to set up rules for when they want to order new stock based on current stock levels. The forecasting feature considers historical sales data to predict future demand for specific items so businesses can plan for high-demand times or seasonal shifts in customer preferences.
Pricing:
- $59 Per Month
9. Finale Inventory
Finale Inventory is a leading software solution designed to help businesses manage their stock more efficiently. Finale’s features include barcode scanning, real-time data synchronization across multiple locations, purchase order creation and tracking, and automated reordering when stock levels are low. It also features advanced analytics capabilities that enable users to track product trends and optimize their inventory levels for better performance.
Features:
Barcode Scanning: Finale Inventory makes scanning items in and out of the warehouse easy with its barcode scanning feature. This helps businesses quickly identify products and accurately keep track of their inventory levels in real-time.
Real-Time Data Synchronization: Finale synchronizes data across all locations in real-time so businesses can have a comprehensive overview of their inventory at any given moment. This helps users make more intelligent decisions about when to restock and avoid costly stocks or overstocks.
Purchase Order Creation and Tracking: Finale enables users to quickly create and track orders from start to finish, ensuring that items are delivered on time and that customers get the products they need as soon as possible.
Automated Reordering: Finale’s automated reordering feature makes it easy for businesses to stay on top of their stock levels by automatically initiating orders when stock is running low. This helps users avoid costly out of stocks while optimizing inventory levels for maximum efficiency.
Pricing:
- Starter: $75
- Business: $149
- Advanced: $ 349
- Empire: $549
- Platinum:$799
- Platinum++: Call
10. EZOfficeInventory
EZOfficeInventory is the best inventory management software for businesses today. It provides comprehensive solutions to simplify day-to-day operations and increase efficiency. Its modern, cloud-based platform offers powerful features that help small, medium and large businesses improve tracking and control of their physical assets.
Features:
Automated Inventory Tracking: EZOfficeInventory’s cloud-based platform allows users to track inventory across multiple locations in real-time, with automated alerts notifying when stock levels are low or nearing expiration dates.
Reporting & Analytics: It provides advanced analytics tools to analyze usage data and generate detailed reports that can be used to make informed decisions about purchases, sales and operations.
Asset Management: With its intuitive asset ownership feature, users can track the parent-child relationship between an asset and its components. This simplifies record keeping and makes it easier to understand which parts of the asset are being used and how often they need replacing.
Maintenance schedule: With EZOfficeInventory’s maintenance schedule feature, users can set up custom alert notifications for when maintenance tasks need to be performed on specific assets. This helps ensure proper care and reduce downtime associated with equipment malfunctions or breakdowns.
Customizable Workflows: The system is highly customizable, so users can tailor workflows according to their specific requirements to ensure a streamlined workflow process.
Pricing:
- Starter: $35
- Business: $45
- Advanced: $55
- Empire: Custom
11. Fishbowl Inventory
If you want to find inventory management software that is intuitive and reliable, then Fishbowl is perfect. This powerful software provides a comprehensive suite of features that make it easy to manage your warehouse, track orders, and receive up-to-date information on item stock levels. With its user-friendly interface, Fishbowl Inventory can be set up quickly and easily, with no technical expertise required.
Features:
Inventory Tracking: Fishbowl Inventory allows you to easily monitor items’ quantity, cost, and location. It is also equipped with barcode scanning capabilities for quick identification of items.
Order Fulfillment: The software facilitates seamless order processing and fulfillment by allowing you to create purchase orders, rental agreements, exchange orders, invoices and more from within the system. You can also use it to automate shipping labels and packing slips for delivery.
Warehouse Management: This warehouse management system helps you maximize efficiency by making it easy to organize your storage bins for efficient order picking and optimize locations for faster access times. Its advanced tracking technology also enables you to track all movements within the warehouse in real time.
Reporting & Analytics: Fishbowl Inventory’s reporting capabilities provide valuable insights through detailed analytics that help you gain better visibility into your operations and identify opportunities for improvement or areas where you can save money. It also has customizable report formats to customize reports according to your needs.
Pricing:
- Custom
12. Primaseller
Primaseller is an inventory management software that simplifies how businesses manage their stock. It has a powerful and intuitive interface, making it easy for merchants to find and choose the best inventory management solution for their business requirements.
Features:
Inventory Management: Primaseller provides a comprehensive set of features that help businesses keep track of their inventory, such as product registration, stock transfers and returns, stock alerts, purchase orders and reorder points. It also helps generate timely reports on sales performance, inventory movements, customer purchases, and more.
Order Fulfillment: Primaseller streamlines order fulfillment by automating processes like ordering from suppliers, tracking shipments and generating invoices. It also lets merchants track current orders in real time and view past order history. This allows them to manage operations efficiently while providing an excellent customer experience.
Analytics & Reporting: Primaseller simplifies data analysis with advanced visuals that can be easily customized according to user preferences. Merchants can access up-to-date insights on key performance metrics such as sales trends or customer segmentation anywhere.
Integrations: Primaseller offers seamless integrations with major eCommerce platforms such as Shopify or BigCommerce and popular payment gateways such as PayPal or Stripe to facilitate hassle-free transactions and smooth workflow automation for even better efficiency.
Pricing:
- Custom
13. Megaventory
Megaventory is an inventory management software solution that simplifies tracking and managing stock levels, orders, shipments, and more. It helps businesses keep accurate inventory records and streamline processes to boost productivity. With features like order tracking, stock forecasting, multi-currency support, and automated data collection, Megaventory is a complete tool for managing any business’s inventory.
Features:
Order Tracking: Megaventory offers comprehensive order tracking capabilities with dynamic alerts to notify users when orders arrive or leave warehouses. This feature provides up-to-date information on each shipment’s location throughout its journey.
Stock Forecasting: The forecasting feature in Megaventory allows users to predict stock levels and plan for future trends in demand. This enables businesses to maintain the optimal inventory level and reduce costs associated with overstocking or understocking.
Multi-Currency Support: Megaventory supports multiple currencies, including USD, GBP, EUR, CAD and AUD. This makes it easy for businesses to manage international sales operations without worrying about currency exchange rates or making manual conversions.
Automated Data Collection: Megaventory collects data from multiple sources automatically, so you don’t have to manually enter information into your system whenever a new transaction or order is placed. This helps improve accuracy while reducing time spent on tedious manual entry tasks.
Pricing:
- Standard: $135
- Business: Custom
Final Thoughts!
It is important and difficult to choose inventory management software that fits your needs, but with this guide, you should have all the information you need to make an informed decision. With its comprehensive inventory management features, each option offers something unique that may fit your business’s needs perfectly. Researching and finding out which one fits best is essential in helping you to find the right inventory management software for your business. Best of luck with your search for choosing inventory management software!
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