Best 5 Inventory Management Software (Reviewed 2022)

Choosing the finest inventory management software for managing stock is crucial. Investing in inventory management software will allow you to save money on hardware while improving warehouse organization and tracking. The inventory management system and inventory accuracy tools allow businesses to easily handle issues like product shortages and overstocking and manage sales, orders, and delivery.

Furthermore, Quickbooks POS is a great retail service provider that can provide you with seamless online and offline eCommerce integration, online payments, inventory software for the management of inventory, etc.

To make your experience entirely contactless, it can help you avail yourself of some of the best inventory management software and inventory tracking software. 

Examining all the available inventory accuracy tools, however, may be time-consuming. As a result, we have compiled a list of the top five best inventory management software available for you.

This article will help you compare and contrast the many inventory management software and inventory accuracy tools including their features and price structures.

Inventory Management Software  

1. Sortly  

inventory management software
Sortly inventory management software

Small, traditional companies will benefit greatly from Sortly’s inventory management software due to its abundance of useful features and overall depth.

Sortly’s inventory management system is one of the finest inventory accuracy tools designed for organizations that need to monitor stock for management of inventory levels at every stage, from procurement to the final sale.

It’s simple to maintain tabs on stock at any location with the help of the barcode features, reports, and free options provided by this inventory tracking software.

Sortly is the best inventory management software every company shop needs, with the ability to scan barcodes and QR labels and keep track of inventory with little effort. 

A major competitor of Sortly in the same field of expertise is inventory software solutions launched by Quickbooks POS.

Quickbooks has been pretty successful in its management tracking software ventures. Here are some of the best features they offer their customers. 

Features:

  • Custom fields and grouping make it easy to keep tabs on stock levels throughout the company.
  • Products with QR codes or barcodes may be quickly located and researched online.
  • The mobile app of this inventory management software makes it possible to see stock levels from anywhere.
  • With Sortly’s Ultra subscription, of inventory accuracy tools you can access straightforward APIs for handling your account’s items and folders.
  • You may modify your stock and add new features and alerts using Sortly’s APIs.
  • They also offer a 14-day free trial.

Pros:

  • Free and low-cost options to know holding costs
  • Provides barcode and QR label support
  • The mobile application is available

Pricing:   

inventory software Sortly Pricing
Inventory management software Sortly Pricing
  • Free: $0/month
  • Advanced: $ 29/month ($348 yearly)
  • Ultra: $ 89/month ($1068 yearly)
  • Enterprise: Contact customer support for more details. 

2. QuickBooks Commerce

inventory planning software
QuickBooks Commerce inventory planning software

You may use QuickBooks Commerce inventory system software to keep track of your items, manage your inventory, and orders across numerous warehouse locations and channels.

To help manage your company and make informed choices, QuickBooks Commerce inventory software and inventory accuracy tools are one of the greatest software inventory tools that compile sales and stock information from all your channels into a single hub.

Features:

  • Inventory levels are updated in real-time as sales and purchases are monitored on this inventory planning software.
  • Generate purchase orders, sales invoices, and receipts while monitoring inventory levels across all sales channels through the Quickbooks desktop.
  • Keep track of inventory changes in Shopify, WooCommerce, Bigcommerce, Magento, and Amazon all in one place.
  • Keep tabs on inventory in various storage facilities and any taxes and physical addresses.
  • This retail inventory software takes care of several different currencies and distribution methods.
  • Send all inventory assets, invoices, sales, purchases, payments, COGS, and more, to Xero and QuickBooks.
  • The B2B eCommerce Platform is the best inventory software that allows you to build unique online stores.

Quickbooks Pros:

  • Keep tabs on stock levels across several warehouses.
  • New highs in revenue achieved via various marketing methods
  • Facilitates quick and simple client/customer lookup.

Pricing:

best inventory management software
Quickbooks Pricing
  • Simple Start: $15/month
  • Essential: $27/month 
  • Plus: $42/month 
  • Advanced: $100/month 

3. Seller Cloud

inventory control system
Seller Cloud inventory control system

When it comes to online sales, businesses of any size may benefit from SellerCloud’s unified inventory management software platform that supports many sales channels.

This inventory control system coordinates stock levels and shipments gives instant reporting and automates logistics.

Users can access a centralized library from which they may receive product details from many sources, such as Amazon listings and vendor feeds, on this inventory software management platform.

Features:

  • SellerCloud is an innovative small business inventory software platform that equips its customers with various features and functions for handling the challenges of multichannel selling in one place.
  • SellerCloud inventory management software handles all aspects of a business’s inventory, from storage to online markets, customer orders, shipping, and accounting.
  • This inventory management software’s easy approach simplifies many tedious but necessary eCommerce tasks, stock average calculator giving merchants a clearer picture of their revenue.
  • Using shopping carts like Magento, Shopify, BigCommerce, and others, the multichannel function for stock management software enables the publication of items from the inventory system to numerous sales channels.

Pros:

  • Prediction alerts and notifications utilizing barcodes and RFID
  • Store management systems
  • Inventory accuracy tools allow catalog creation
  • User-friendly stock management solutions

Pricing:

Seller Cloud Pricing
Seller Cloud Pricing

If your pre-order fees with Sellercloud are less than $1,000 per month, your monthly minimum price will be $1,000. After that, your cost will be prorated depending on how many orders you currently have.

4. Katana

software inventory management
Katana software inventory management

With Katana Manufacturing ERP inventory management software, you can monitor sales, stock, and other key metrics in real time.

Katana inventory management system’s graphical interface and intelligent real-time master planner simplify stock and production management, and it integrates with all the services you already use.

Integrations with e-commerce, accounting, CRM, and reporting systems enable automated allocation of resources in response to sales orders.

Features:

  • Katana can help keep track of your merchandise by automatically tracking location changes with its lot tracking features. 
  • Katana’s Shop Floor App provides real-time insights into production. Manufacturing expenses may be monitored while new employees can be quickly added or removed from the production floor.
  • Shopify, eBay, Amazon, WooCommerce, Xero, and QuickBooks Online are just some of the e-commerce, accounting, CRM, and reporting service providers Katana integrates with.
  • Katana inventory management also has an open API for creating unique processes, and it integrates with hundreds of other apps using both Make and Zapier.
  • As a part of augmenting inventory optimization, they provide barcode generator services. With such an online barcode generator, Katana helps you with fast tracking and shipping bill status of your inventory.

Pros:

  • Real-time stock and production management
  • Batch tracking for complete visibility
  • A Shop Floor App 
  • Open API and expanding network of channel partners

Pricing:

Katana Pricing inventory management
Katana Pricing inventory management
  • Essential: $99 per month
  • Advanced: $299 per month
  • Professional: $599 per month
  • Enterprise: Contact customer support for more details. 

5. ZOHO Inventory

ZOHO Inventory
ZOHO Inventory

Zoho Inventory is a web-based inventory management software for enterprises of all sizes.

It’s a convenient inventory management tool for keeping track of inventory, free barcode generator services, tracking shipping bill status, and managing business sales and purchases.

Warehouse operations, stock-taking, and omnichannel sales are all easy to track by this system. Better management of crucial accounting and customer data is made possible by CRM tools.

It helps users develop effective reorder points and implement successful sales strategies.

Features:

  • They provide a service called “Item Kitting Support,” whereby they package many things into one for easier retailing.
  • Support for scanning barcodes allows scanning the barcodes of the items being purchased and automatically filling in the corresponding fields.
  • Better inventory management is possible with enhanced tracking, which assigns a unique identifier to every item in stock.
  • It’s easier than ever to get your products ready to send with their streamlined packaging and shipping tool.
  • Useful dashboards aggregate information like the status of open orders, invoices, packages, and shipments in one convenient location.
  • If you have less stock, you may arrange a drop shipment and have the item sent straight to the customer.
  • They also provide online barcode generator services for free. Barcodes allow retailers to keep track of inventory. Since ZOHO inventory management system is on board with barcode generators for retailers, their services are in demand. 

Pros:

  • Time and money are saved. 
  • User-friendly integrated solution.
  • Cost-effective alternate software inventory management
  • Assists clients
  • If you have bulk barcode generator needs, ZOHO should be your prime choice.

Pricing:

ZOHO Inventory Pricing
ZOHO Inventory Pricing in (INR)
  • Free: 0 per organization/year
  • Standard: Rs. 14,999 per organization/year
  • Professional: Rs. 26,999 per organization/year
  • Premium: Rs. 40,999 per organization/year
  • Elite: Rs. 72,999 per organization/year
  • Ultimate: Rs. 89,999 per organization/year 

What is Inventory Management Software?

Automating the process of tracking stock levels is a key function of inventory management software. It helps you keep tabs on stock and know exactly what you’re running low on to get more of it.

With the right software, you can easily reorder supplies whenever you run low. It also works well for keeping track of vendor and client data.

The cloud-based nature of many current systems reduces the need for expensive, specialized hardware and increases convenience. Monthly or yearly subscriptions are the norm, and pricing and plan customizations are available to suit businesses of all sizes.

Inventory management software is essential whether you’re operating a traditional storefront or an online marketplace. It will help you get valuable insights into your company and consumers while also making inventory management a breeze.

What Does Inventory Management Software Do?

Here are common extras in inventory management software and how they streamline your work. Therefore, keep an eye out for the following characteristics to learn more about what these programs do:

  • The program you choose should ideally have a mobile app. Some benefits of using a mobile app include being able to track stock levels, scan barcodes, and review client profiles.
  • Integration with a point-of-sale (POS) system allows you to monitor sales in real-time. The POS system will update the stock database whenever an item is scanned or added to a virtual shopping cart. It’s a great technique to ensure you never run out of stuff.
  • Automated restocking is important to replenish things before you run out, but you also don’t want to have too much on hand. An automatic restocking option would be beneficial if you sell seasonal items.
  • Inventory reports can provide you with a more in-depth analysis of past sales. It will reveal which goods were best-sellers and which ones underperformed.

How Do You Set Up An Inventory Management System? 

To meet the demands of your company’s stock, you need to implement an appropriate inventory management system. Take a look at this breakdown of the procedures:

1. The Ideation Stage:

The first step in designing an effective inventory management system is to look at your business’s typical operations.

It would help if you first determined what you need to develop a workable solution that addresses your unique issues.

2. Determine Your Company Goals:

When establishing an inventory management system, it’s important to determine why you need one. Having a clear objective can help you and your team communicate effectively.

3. Invest in Inventory Management Software:

Choosing the right inventory management software is a prerequisite to managing the data. Consider your budget and the complexity of the tasks at hand when selecting a software package or a service provider.

4. Set Up a Well Organized Storage Area:

A well-defined structure that works for your product range must be developed. Labeling your items with their name and location once this step has been completed can greatly improve inventory management efficiency. 

5. Specify Your Items:

Now that your warehouse has been properly labeled, it’s time to create product labels.

Ensure the labeling method is clear, so there’s no confusion about what’s in each box, pallet, or storage unit. Therefore, your staff will have a simple way to check inventory levels whenever needed.

6. Use Numbers to Identify Your Items:

You should assign a unique number to each product to make finding certain items simpler. These figures will be handy as your product line expands.

Every single person who uses your inventory management system will benefit from this.

7. Take Readings:

The exact item and its packaging might affect the dimensions you’re given. It would help if you labeled the storage containers with numbers for easy measurement.

8. Make an Inventory Count:

The inventory management spreadsheet or program requires you to input your location, dimensions, numbers, and descriptions. When you’re ready, begin counting to get an accurate tally of each item.

Inventory Management Software (Wrap Up)

Correctly predicting demand is a challenge for inventory managers. This can result in financial disaster due to either having too much or too little inventory.

This is why inventory management software or inventory management system is crucial for preventing mishaps like these. This article outlines the procedures necessary to set up an inventory management system to help you implement your plan.

Don’t forget to read our most trending posts:

HASSAN WARID & ADNAN WARID
We are full-time bloggers and affiliate marketing experts. By following our guide, you can also make blogging your full-time job. And learn how to start a profitable blogging business.

Leave a Comment