14 Best Inventory Management Software in 2023 [Ultimate Guide]

Inventory management software is a vital tool for business owners. It helps you to track inventory, manage orders and reduce expenses.

The best inventory management software can also provide a number of other benefits including:

Improved customer service

Better customer service leads to increased sales and profits.

Reduced time spent on paperwork

Less time spent on paperwork allows more time to focus on growing your business.

Better customer relations

Good customer relations are essential in today’s competitive environment.

 

 

What Are The Best Inventory Management Software?  

Let’s take a look at the best inventory management tools.

1. Zoho Inventory  

 Zoho Inventory is a simple, flexible and powerful inventory management software. It helps you to track your assets, manage inventory and improve productivity.

Zoho Inventory is a comprehensive enterprise-class inventory management software that lets you track, manage and analyze all your assets in one place. The software provides you with a complete overview of your business’s assets across multiple locations.

You can also manage your assets in real time, which allows you to get timely information on what’s going on in your warehouse at any given point of time. With an intuitive web-based interface, this cloud-based application helps you manage all types of assets including stock items like raw materials or finished goods.

You can also control the flow of goods from one location to another as well as monitor their movement through various stages such as production, assembly or shipping etc.,

Key Features  

– Multi-warehouse management

– Manage multiple vendors and suppliers

– Track orders, shipments and returns

– Print labels for shipping or mailing products with FedEx, UPS, USPS, DHL or other postal services

– Scan barcodes for bulk tracking of items in your warehouse

– Create custom fields for every item in your inventory

Pros  

 Real-time tracking: With the help of real-time tracking feature, you can view all the changes that are made in your inventory such as adding or deleting items, modifying prices and more. You can also create a list of items that need to be reordered based on sales history and stock level.

Barcode scanning: Barcode scanning allows you to add products quickly by just scanning their barcodes with your mobile phone or tablet. This feature also lets you update other details such as price, quantity or description whenever needed.

Drop shipping: With this feature, you don’t have to worry about dealing with products directly from suppliers or manufacturers because Zoho Inventory takes care of all these things for you.

All you need to do is provide them with your contact details, check if everything matches with what they have mentioned in their websites along with image files (if required), verify their authenticity by calling them up and confirm whether they want to go ahead with the transaction or not!

Cons

It’s Not Always Free

Zoho Inventory offers a free version of its software, but not everyone qualifies for it. To use this free version, your company must have less than 25 employees and less than $500,000 in annual revenue.

If your company falls outside these parameters, then you’ll have to upgrade to one of their paid plans at $24 per user per month or $240 per year.

Pricing

 Zoho Inventory Pricing is a web-based inventory management solution that helps users to manage their inventory, pricing, and accounting. It is specifically designed for small businesses, who want to manage their inventory in an easy way.

2. QuickBooks Commerce (Formerly Inventory Management)

 QuickBooks Commerce (Formerly Inventory Management) is a premium add-on for QuickBooks Online that helps you manage your inventory and orders. QuickBooks Commerce can also be used with QuickBooks Desktop.

Whether you’re running a retail business, e-commerce site, or any other type of business that uses inventory and sells products, QuickBooks Commerce can help you track and manage all aspects of your inventory.

Key Features

Inventory management: Set up multiple warehouses and locations to track inventory across the country or around the globe. Create purchase orders for inventory items to buy them from vendors.

Create sales orders when you sell items to customers. Easily track where each item is located in your inventory—even when it’s on backorder from a vendor. Manage multiple currencies and multiple languages for each warehouse location and product.

Order management: Automatically create sales orders for customers who purchase products online through your website or mobile app—allowing you to focus on selling instead of paperwork!

Quickly see how many units of each item are in stock at any given time and how much needs to be ordered so that you never run out of stock again!

Key Features    

1. Mobile Inventory Management
2. Product Catalogs
3. Product Fulfillment
4. Order Processing and Management
5. Gift Cards and E-Gift Certificates

Pros     

Product Catalogs

You can create product catalogs that contain all of your products including images and descriptions so customers can browse through them online or offline.

You can also add special offers on specific items or create coupons for customers who want to save money on their purchases.

Inventory Management

QuickBooks Commerce (Formerly Inventory Management Pros) has several tools that help you manage your stock more efficiently such as batch uploads, bulk editing and inventory reports among others. These tools allow you to automate many processes so they take less time while saving money on employee hours spent doing manual tasks.

Pricing 

3. SellerCloud

 SellerCloud offers a wide range of payment solutions to help you sell online. It has partnered with some of the world’s leading payment gateways including PayPal, Stripe and Authorize.Net to offer you secure, reliable and affordable solutions for accepting credit cards, debit cards and ACH payments on your website.

SellerCloud offers multi-channel payment processing through our gateway partners. You can choose to accept credit card transactions directly on your website or through our eCommerce platform or both!

If you want to accept credit card transactions directly on your website, SellerCloud integrates with all major payment gateways including PayPal, Stripe and Authorize.Net. You can even use multiple gateways at the same time!

Key Features     

1.  SellerCloud has a built-in ERP system for managing inventory, shipping, and sales. It integrates with major shipping carriers such as FedEx and UPS to help you fulfill orders quickly and easily.

2.  SellerCloud has a built-in shopping cart so you don’t have to worry about setting up your own shopping cart or dealing with payment processing issues.

3.  SellerCloud offers multiple shipping options so you can customize your shipping rates based on weight, location, speed and other factors.

4.  SellerCloud has extensive reporting features that allow merchants to track sales and expenses by product, category or any other criteria they want to compare.

Pros

• An all-in-one solution for all your ecommerce needs
• A dynamic, flexible platform that grows with you as your business grows and changes
• Designed to help save you time and money, so you can focus on the things that matter most to your business

Cons

High Setup Cost.

The initial cost of setting up and using SellerCloud is pretty high. You have to pay for the software, which starts at $99/month for one user and goes up based on how many users you need to run your business.

The good news is that you can try out the software for free for 30 days, so you can see if it’s worth the cost before committing to anything long term.

Many Customization Options Required.

In order to get the most out of your listing presentation and tracking tools, you’re going to have to do some customization yourself (or hire someone else to do it).

This includes things like designing your templates and creating custom fields in order to track more information about your listings like average prices or stock levels.

Pricing

 SellerCloud’s pricing is based on the number of vendors you have and the amount of data you need to manage. They offer a variety of plans, starting at $39/month for up to 10 vendors, and going all the way up to $499/month for over 1,000 vendors.

Here’s a breakdown of our current pricing options:

Vendor Plans

Our vendor plans are designed to help you manage your business better by giving you access to more features at a lower cost per vendor.

Each plan includes unlimited access to all features, so there’s no need to worry about upgrading your plan later down the road.

Basic ($39 / Month) – Unlimited Vendors

This plan is perfect if you want to start with just a few vendors and get used to SellerCloud before adding more. It also comes with our ecommerce integration tools so that you can start selling online right away!

Starter ($79 / Month) – Unlimited Vendors

The Starter plan allows you to manage any number of vendors without limits on the number of orders or products available in your store! This is a great option if you have more than 10 vendors in your store but are not yet ready for Enterprise level features such as advanced reports.

4. ChannelAdvisor    

 ChannelAdvisor is a leading provider of retail commerce solutions, including ecommerce software and online store builder, digital marketing services, and payment processing for retailers, distributors and manufacturers.

The ChannelAdvisor Suite of Solutions offers an integrated set of tools to help you build, manage and grow your business. With the industry’s leading ecommerce platform and a robust suite of complementary products and services, we provide the expertise you need to succeed in today’s competitive marketplace.

Key Features

 ChannelAdvisor is the leading cloud-based software for managing and optimizing digital advertising campaigns, including search, display and video.

1. Easily create and manage multiple campaigns.
2. Receive real-time performance data for each ad group and keyword in your account.
3. Track keyword performance across all devices (desktop, tablet and mobile).
4. Set daily budgets by country or globally.

Pros  

Free to use.

ChannelAdvisor is free to use for most sellers, though there is a paid option that comes with more features. You can get started for free by signing up for an account, but if you want to take advantage of features like order management and inventory management, you’ll need to upgrade your account.

The price of an upgraded account depends on how many orders you process each month and how much inventory you sell through Amazon.

Easy setup.

Channels like eBay and Shopify have made it easy to integrate with other tools like ChannelAdvisor, so getting started with them is usually pretty simple.

All you have to do is link your accounts together in the settings section of each platform, and then set up your channels in ChannelAdvisor’s dashboard. If there’s anything else that needs to be done (like setting up product feeds or adding inventory), ChannelAdvisor will walk you through the process step-by-step when it’s time to get started selling on Amazon or eBay with them).

Cons

The first thing you’ll notice when you sign up for ChannelAdvisor is that it’s not free. You have to pay a monthly fee of $49/month or $399/year (paid annually). This may seem like a lot, but considering how many sales you can make with this software, it’s really not much at all.

Another big con is that there are no guarantees that you’ll be able to use the software if you sign up for the free trial. That means that even though you’re paying for it, there’s a chance that the company will never let you use their software if they don’t like what they see in your channel or store.

If you’re going to use this software, be prepared for some hoops to jump through before getting approved by ChannelAdvisor. They have some very strict policies regarding what is allowed on YouTube and other platforms where their tools are used (such as Facebook).

Pricing 

ChannelAdvisor pricing is based on the size of your business and the number of products you sell. Here are a few of the most popular plans:

SMB: If you have less than $50 million in annual sales, you can choose from three different plans: Basic, Professional and Enterprise. Each plan includes unlimited support and phone access to our team of experts, along with many other features that make managing your business easier.

5. Fishbowl Inventory

 Fishbowl Inventory is a powerful inventory management solution for small businesses. It’s built on the proven Fishbowl Inventory Engine and includes everything you need to manage your inventory, customer orders and operations.

Fishbowl Inventory offers a low-cost, easy-to-use, yet powerful inventory management system that can be used by all types of businesses regardless of size or industry.

The software has been designed to be intuitive so that anyone can use it, regardless of experience level with technology.

Fishbowl Inventory comes with many features and functionality found in much more expensive systems. With Fishbowl Inventory you get:

• Inventory Management
• Order Management
• Receiving & Shipping
• Manufacturing & Assembly Tracking
• Purchase Orders
• Accounting Integration

Key Features   

• Track inventory for multiple locations, warehouses, departments and stores
• Manage inventory for multiple price levels with unique pricing models
• Build complex reports to view sales history by item, location or customer
• Customize reports to show exactly what you want to see
• Easily spot lost sales due to out-of-stock items with our out-of-stock alert feature
• Manage multiple warehouses and shipping carriers with multi-warehouse support

Cons

High Cost of Upgrades

Fishbowl Inventory is expensive to upgrade. The cost for upgrading to the latest version is usually about $300 per license, and that’s after you’ve already paid for the license.

The only way to get a discount on upgrades is to purchase more than one license at a time, but this can be costly as well.

Difficult to Use

Fishbowl Inventory isn’t difficult to learn, but it does take time to master all of the features available within this program. You may find yourself having problems learning how to use certain parts of the program or even having trouble with specific reports in your inventory system.

If this happens, you’ll need extra help from your customer support team at Fishbowl Inventory, which can be expensive if you aren’t sure what questions or issues you’re having with their software.

6. Katana

Key Features

– Katana is an open source, microservices-based platform that enables enterprises to quickly and easily build, deploy and manage modern applications.

– Katana provides a single platform for managing applications across all environments – development, test and production – through a single deployment pipeline.

– Katana enables rapid application development by providing a highly scalable container based infrastructure and application services.

– Katana is serverless, so there are no servers to manage or provision. Your users’ apps are automatically scaled in response to demand, no matter how large or complex they may be.

8. 4PSite     

 4PSite is a platform that simplifies the way you work with your clients.

4PSite is a complete solution for managing your website or online store. Whether you’re looking for something simple like a personal blog, or something more advanced like an eCommerce store, we’ve got something that will suit your needs.

Key Features

 4PSite is a powerful and easy to use WordPress theme for your business. It’s 100% responsive, retina ready and SEO friendly. You can use it for any type of website or blog.

The theme has many powerful features including:

– Easy to setup, customize and manage

– Responsive design that looks sharp on all devices, from mobile to desktop computer

– Localization support (currently available in English and Dutch languages)

– One click demo import – import demo data with just one click!

– Powerful theme options panel – build your site exactly the way you want it with full control over almost every aspect of it’s appearance, functionality and behavior!

Cons

1. The 4PSite is not a one-time solution. You will have to spend some time and effort to learn how to use it, and then spend more time with the tool itself.
2. The 4PSite is only available as an online service. This means that if you don’t have an internet connection or your computer fails, you won’t be able to use it anymore until you get back online again or get your computer fixed.
3. The 4PSite can be used by only one person at a time, so if you want to share it with someone else, they will have to buy their own copy of the software and you will have to stop using yours until they are done with theirs.
4. There are no refunds for this product because it is digital goods sold on demand; all sales are final

Pricing 

4PSite pricing is based on the number of pages and the level of customization you want to apply.

You can choose to buy a pre-designed template or customize one of our templates. When you purchase a pre-designed template, you get unlimited access to all future updates, as well as support and training.

If you choose to customize one of our templates, there is no limit on how many times you can make changes or updates to your site. However, we do have a $150 per hour charge for customizations.

This fee is waived if you purchase a pre-designed template instead of customizing one of ours.

9. Dear Systems

Key Features   

– Help Desk Support

– Network Administration

– Server Administration

– Website Development (PHP, HTML, CSS)

10. Veeqo          

 Veeqo is a cloud-based inventory management software that helps eCommerce businesses automate product sourcing and fulfillment. Veeqo’s automated inventory management system allows merchants to track their inventory levels in real-time, so they can make better buying decisions with more accurate data.

The platform also provides automated order fulfillment capabilities, so you can ship products directly from your suppliers to customers without ever touching them yourself.

Veeqo’s easy-to-use interface is designed to save you time, allowing you to focus on growing your business instead of spending hours managing inventory and orders.

Key Features   

• Multiple Online Stores Integration – Veeqo integrates with all the top online marketplaces so you can sell on multiple channels at once. We support Amazon, eBay, Etsy and many more!
• Multi-Channel Orders Management – With Veeqo, you can manage all your orders from one place without having to log in to different websites or platforms. You can also sync your inventory across all channels to avoid overselling products that are out of stock.
• Automatic Stock Update – Never miss an opportunity again because of out of stock items! Veeqo updates your stock levels automatically every time you receive an order so you can always be ready for new customers.
• Easy Shipping Management – Manage all aspects of your shipping process such as printing labels, tracking packages and sending emails through Veeqo’s easy-to-use interface.

Cons

Here are the main cons of Veeqo:

The free version is limited. While you can do everything that’s needed for small sellers, the free version isn’t good enough for more serious sellers.

It has no inventory management and only allows you to sell one brand at once.

It takes time to set up your store correctly. You need to set up your product feed and create your listings manually in each marketplace.

This can take time if you have lots of products or if you’re not familiar with how Amazon works.

There’s no support from Amazon or eBay when using Veeqo. If something goes wrong with one of your listings, Amazon or eBay won’t help because they don’t know about it.

Pricing 

 Veeqo is an inventory management software that is available in two pricing plans. The first plan, a free trial, is completely free to use. The second plan, which is $47/month, includes all of the features of the free trial plus unlimited data storage and other premium features.

Veeqo Free Trial

The Veeqo free trial allows you to use all of the features of the software for 30 days without any cost at all. This includes unlimited orders, items and customers as well as access to all reports and analytics.

You can even export your entire store data into CSV files at any time during the 30-day period if you wish to do so.

Veeqo Paid Plans

There are two different paid plans available: Starter and Pro. Both plans offer unlimited data storage and access to all reports and analytics but they differ in terms of cost and additional features available with each plan:

Starter Plan – $47/month – Includes unlimited orders, items and customers; no transaction fees; no transaction fees; no transaction fees; no transaction fees; unlimited data storage; access to all reports & analytics including sales by product category & customer location.

11. Ordoro

 Ordoro is a powerful and flexible inventory management solution that helps you manage your inventory, orders and shipping.

Features

Inventory management

Manage your inventory items, stock levels and pricing.

Automated inventory updates

Get real-time updates from your suppliers with automatic inventory synchronization when you add, edit or remove items from the system.

Order management

Create, view and ship orders with an intuitive interface. All data is stored under one roof so it’s easy to keep track of everything at a glance.

Shipping integration

Integrate with all major shipping carriers like DHL, USPS and more directly from Ordoro for fast and easy order fulfillment.

Cons   

There are only two things that I would like to see changed about Ordoro: 

1. I would like them to add an address field when creating new products, so that when you create a product you can add an address where the product will be shipped from, instead of having to go through another step after creating a product.
2. It would be nice if they had an option where you could upload multiple files at once instead of having to do one file at a time (the current way).

Pricing 

Ordoro’s pricing starts at $19/month for the Starter plan, which includes access to the platform’s functionality for one store. It also comes with unlimited products, SKUs and customers.

The next two plans are $29/month and $49/month, which offer more features such as advanced shipping options, multi-currency capabilities and affiliate programs.

The highest tier is Ordoro Pro for $99/month which offers everything in the previous three tiers plus advanced email marketing automation tools such as auto-responders and newsletters.

12. Cin7

 Cin7 is a company dedicated to providing software solutions that help businesses and individuals protect their data, devices and networks.

Their flagship product, Cin7 Security Suite, is a comprehensive solution that protects your devices from viruses and malware by automatically scanning all files downloaded onto your computer.

The suite also provides real-time protection against malicious websites and blocks known threats before they can infect your computer.

Key Features    

1. Create an online gallery of photos or videos based on events;
2. Upload new images directly from your smartphone;
3. Send emails to guests with links to view the gallery;
4. Automatically send reminders days before an event;
5. Collect RSVPs through email or text message;

Pricing

CIN7 comes in three different pricing plans: Starter, Professional, and Enterprise. The Starter plan starts at $149 per user per month (billed annually), which includes all the core features of CIN7.

The Professional plan starts at $249 per user per month (billed annually), which includes additional functionality such as advanced analytics, cross-selling automation, and more.

Finally, the Enterprise plan starts at $499 per user per month (billed annually), which includes everything in both previous plans plus additional customization capabilities.

13. Upserve  

 Upserve was founded in 2012 and is headquartered in Boston, Massachusetts. The company provides a cloud-based point-of-sale system for restaurants.

Upserve’s cloud-based POS system allows restaurants to manage their operations and customer relationships from one easy-to-use platform. Restaurants can use the software to accept all major credit cards, accept tips, engage with customers on social media and more.

In addition to its restaurant management software, Upserve also offers a mobile app called Upserve Mobile, which allows customers to view menus and make orders on their smartphones or tablets.

The Upserve mobile app is free for both iOS and Android devices.

Key Features    

-Encourage loyalty with a digital punch card.

-Make reservations and payments online.

-Open up your kitchen to the public.

-Get insight into your operations with real-time reports.

Pricing

The Upserve pricing system is based on a percentage of the total check amount. There are two types of percentages: a per-guest fee and a percentage of the total check amount.

The Per-Guest Fee

The Per-Guest Fee is charged for every guest who makes a reservation through your Upserve account. The price varies depending on your location, but it’s usually between 1% and 2% of the total bill.

If you only use Upserve for online reservations, then this fee would be all that you need to pay every month for Upserve services.

However, if you want any sort of extra features like customer relationship management (CRM) tools or analytics, then there’s an additional cost associated with those services as well.

What is Inventory Management Software?       

 Inventory management software is an application that helps businesses to track and manage their inventory.

It is typically used to track the movement and location of products in a warehouse or stock room, but it can also be used to track other types of product that are being stored, such as tools or office supplies.

Inventory management software will allow you to create an inventory list, which you can use to keep track of all the products that you have on hand.

It will also help you to manage your stock levels by allowing you to monitor how much of each item is available for sale. This will help you avoid running out of stock unexpectedly, which could damage your business’s reputation if customers cannot get what they want when they want it.

In addition to helping businesses manage their inventory levels, inventory management software can also be used for other purposes.

For example, some companies use it as a way of tracking the amount of money they spend on purchasing new goods each month or year so that they can see how much they need to budget for these expenses in future months or years.

What Should You Look for in an Inventory System?    

 In today’s world, businesses are expected to be able to provide their customers with quick and accurate service. Having an inventory system that can track your products is one way to make sure that you’re always prepared for a rush of orders.

However, there are many different types of inventory systems out there, so how do you know which one is right for your business?

Here are some things to consider when choosing an inventory system:

What kind of data do you need to track?

There are many different types of data that can be tracked in an inventory system. You should decide what kind of information you want to record before looking at any software.

For example, if you only need to see how much of each product you have left, then all you need is an app that keeps track of stock levels and allows employees to check them on their phones or computers.

If you want additional details like tracking sales history and creating reports based on that information, then it may be better to look at a more advanced system with a database backend.

How much money do I want to spend? A good inventory software package will cost anywhere from $100 – $500 per month depending on the features offered by the program and how many users will need access.

Best Inventory Management – Executive Summary

Inventory management is an essential part of any business whether it’s a large corporation or small independent shop.

It’s important for a company to keep track of its inventory so that they can sell products at the right time and maximize profits.

Managing your inventory is also important because it helps you prevent shortages or overstocks which could be costly for your business if not handled correctly.