Running a business is tough and managing inventory makes it even tougher.
Finding the best inventory management software is one of the most challenging tasks you’ll face once the workload gets too heavy for Excel.
So, do you want to find the right inventory management software or do you need to change what you are currently using?
Then our detailed reviews, based on thorough testing and careful analysis are your best bet.
I compiled a list of the best inventory management software solutions for 2020. I created accounts, tested them, checked their interface and functionality, support, and billing practices. That way, I can present you with 11 unbiased reviews to help you choose the best one for your business.
Here are the top 11 contestants that could turn your inventory and operations management from an everyday struggle to a walk in the park.
Coming up is the step-by-step process I followed to choose the best inventory management systems.
It took countless hours of nerve-racking searches and tests fueled by industrial amounts of coffee, but here’s what I did:
1. I scanned the Web to find all inventory management systems worthy of your attention.
2. When that was finished, I was staring at a file containing more than 70 inventory software.
3. Then I discarded the ones which had too many issues according to user-written inventory management software reviews.
4. That diminished the list to about 20 inventory programs.
5. Then I read even more reviews of these 20. I also went several years back to check if these companies are improving their services based on their customers’ complaints.
6. That helped a lot, and I was left with only 15 software on my list.
7. Once I double-checked that I hadn’t missed any potential masterpiece, I signed up for a free trial for those that offered it and contacted sales reps to request a demo for the others. Thankfully, all leading inventory control systems offer such options.
8. After dozens of back and forth emails and several hours on the phone, all my accounts were ready to go, and I started testing each inventory management software system using the following criteria:
9. During the tests I performed, I wasn’t satisfied with four of the inventory systems, so I discarded them from the list. That left the 11 you saw above.
10. Once that was done, I rated each inventory management software based on features, user interface, ease of use, support, price, and other customer reviews.
11. Then I arranged them into this list, based on their ranking.
And that’s how I compiled my list of the best of the best inventory management software.
Now you get to see the winners.
Coming up are the 11 best software for inventory management that can increase your company’s profits and improve your business operations.
Lots of features and integrations
Pricy for smaller businesses
Steep-ish learning curve
No mobile apps
You can test the best online inventory management software free of charge for 14 days. You’ll have to submit a request and talk to a sales rep first.
Cin7 is cloud-based inventory management and POS system. It’s not the best inventory management software for small companies and startups since its focus is on businesses with at least $1 million in revenue. Besides, it’s not the easiest-to-use software, but once you get the hang of it, you’ll love it.
Anyways, Cin7 does a great job of keeping inventory, and it syncs sales and orders across physical and digital sales channels. The inventory control system can also automate many of your company’s operations, thus improving the workflow and saving time.
It’s suitable for omnichannel retailers, wholesalers, and mid-sized manufacturers.
Cin7 isn’t a simple inventory management software so it’s a bit tricky to use. Especially for new business owners without any previous experience with such systems. Don’t get me wrong – the interface is easy on the eye, and the company has done its best to simplify it.
It’s the sheer number of features and functions packed in this app that makes it complicated to use. So, you will need help from support, and you will have to read tutorials and watch videos even to start with the basics.
However, once you get the hang of it, you’ll have top-rated inventory management, tracking, and control tools at your disposal. That said, it’s worth investing your time in learning this app. That way, you’ll be able to automate and manage your inventory efficiently.
Cin7 is a cloud-based inventory, CRM, and POS solution. That means you don’t have to be in the office throughout the whole day. All you need is a computer and internet access. Unfortunately, this online inventory management software doesn’t have an on-premise version or mobile apps.
Cin7’s inventory management software allows you to track products by using serial or batch numbers and FIFO inventory control. Monitoring is effortless, thanks to Cin7’s color-based interface.
Additionally, you can track each product’s transactions and information. You can also add different units of measure, price columns, and custom fields.
Furthermore, if a product is low on stock, you’ll be kindly reminded to reorder. Reordering isn’t fully automated but allows for one-click orders based on the minimum stock quantities.
All in all, Cin7 is an excellent software system for tracking inventory levels, orders, sales, and deliveries.
And although it’s not the best CRM software out there, its customer relationship management module does a decent job of keeping track of your prospects, customers, and suppliers.
With Cin7, you have access to more than 130 easy-to-digest reports. There are six main categories – sales, purchasing, production, maintenance, inventory, and finance.
You can easily see your bestsellers and highest-spending customers along with additional information, which allows you to target your promotions without breaking a sweat. What’s more, managing your employees’ access levels is a no brainer.
Forecasting is one of the features that make Cin7 the best inventory management software out there.
You don’t get just one forecasting report, but three. To generate them, you’ll have to use Cin7 for at least three months so that the software could base its predictions on your usage.
Premium users can generate three different forecasting reports:
Needless to say, these forecasting reports can immensely improve your enterprise resource planning.
Cin7 can integrate with more than 450 systems. Here are just a few:
And many more.
In a nutshell – whatever third party system you need for running your business smoothly, you can sync it with your Cin7 account.
And since many people ask what is the best Amazon inventory management software – there you go. I’d recommend Cin7 in a heartbeat.
If you need help with Cin7, you can either submit a ticket or use the live chat. Premium users gain access to phone support, as well.
I have mixed feelings about Cin7’s support. Since I was “attached” to a sales rep, I got answers to all my questions alright. The thing is, these one-liner answers were helpful but not too detailed.
Naturally, I checked what other Cin7 users think about the support, and the overall impression is the company offers competent and fast customer support.
Cin7 offers three plans – Starter, Momentum, and Advanced. Each is tailored to suit the company’s individual needs, and so is the price.
The software’s price starts at a bare minimum of $299 a month with an implementation fee starting at $1500.
Cin7’s price surely doesn’t make it the ideal inventory management software for small businesses and teams. Still, a smaller company wouldn’t need such a robust and feature-rich software, to begin with.
Easy to use
Good for small ecommerce businesses
Great value for money
Excellent integration with other Zoho products
Not fit for enterprises
Doesn’t support manufacturing
Issues with some sales platforms’ integration
You can test Zoho’s inventory management software for free for 14 days.
Zoho Inventory is mostly a small and mid-sized business inventory management solution. It offers offline and online sales and multi-channel sales integrations.
One of the coolest things about Zoho, which distinguishes it from other inventory systems, is that users can suggest improvements to the software. Once there are enough customer votes for a feature, the company’s developers start working on it.
Zoho Inventory offers an intuitive and easy to use UI. You manage your products, sales, invoices, and contacts with a few clicks.
Zoho is a cloud-based inventory management platform, so you aren’t limited to on-premise software. Additionally, you can download Zoho Inventory for Android and iOS devices.
The first thing you’ll notice about Zoho Inventory is the clean, yet appealing dashboard. Everything is neat, and it displays the most valuable information, like your top-selling items and sales activity.
Being a cloud-based inventory system, it allows you to control your inventory and sales from a centralized platform, which is accessible from any computer with an internet connection.
Also, this warehouse management system is extremely easy to use. Furthermore, you can fully customize users’ access to the system.
Inventory management is easy, the software allows kitting, and you can automate the reorder process.
Zoho Inventory helps you through order management and fulfillment – you can pack, send, and track your products via the platform. Also, you can create in-house shipping labels, easily manage orders, and transfer products between multiple warehouses.
Additionally, you can sync barcode scanners to Zoho Inventory, which saves a lot of time.
All in all, Zoho offers a top-notch warehouse inventory management software.
You can track your products by assigning serial and batch numbers to them. Zoho Inventory allows its users to follow the entire product history, from orders to sales.
Besides, you can track expiry dates and trace each item back to its batch. That way, you can efficiently track a product’s shelf life and easily handle warranty claims and product recalls.
Furthermore, you get an email notification if any of your items are running out of stock.
Since Zoho Inventory is designed to be a small business inventory software, you won’t get the most detailed reports compared to other platforms on this list. Still, you can see your sales, FIFO tracking, stock summary, and inventory details.
Additionally, you can generate sales reports based on customer, item, or salesperson.
In a nutshell, you can see an overview of all your operations – sales, orders, and payments.
Zoho Inventory as a standalone module doesn’t have a forecasting report.
Still, you could use Zoho Analytics or sync your account with the Zoho CRM module to be able to predict future orders and sales.
Zoho has a rich portfolio of products, including accounting and CRM systems, which integrate seamlessly with its inventory management app.
Overall, this small business inventory software offers a complete package of integrations, so you could run your entire inventory, sales, and orders operations from a single platform.
And even if you use QuickBooks for accounting, you don’t have to transfer your accounts into Zoho Books. You can easily sync QB with Zoho Inventory.
Zoho offers a 24/5 email and phone support. Additionally, there are webinars every week. Although there isn’t a live chat option, the emails I sent got their answers within a couple of hours.
Each response was adequate, well-explained, and supported by screenshots and step-by-step solutions. In a nutshell, Zoho’s inventory tracking software offers one of the best support teams on this list. Тhe overall opinion of other customers is similar, judging by their reviews.
Zoho Inventory offers four pricing tiers. You get a discount if you purchase a plan for a year instead of month-to-month payments.
All in all, Zoho Inventory is a cheap inventory management software, that’s affordable for smaller companies.
All in one solution
Customizable records, fields, and forms
A wide array of modules for different businesses
The modules and customizations are expensive
Difficult to use
No. You can get a free demo after a request and consultation, which takes time due to the corporation’s structure.
NetSuite is suitable mostly for larger businesses. It’s a cloud-based platform that offers an excellent inventory, sales, purchase order, and manufacturing software, among its other ERP features.
Some of its most notable clients are Xerox, Siemens, and Fujitsu. According to the company, 20% of the Fortune 100 companies use NetSuite.
Although NetSuite offers one of the best inventory management software for 2020, its usage is not a walk in the park. The software is bulky, not that intuitive, and hard to use. The majority of their training videos are so monotonous that I could play them to my kids at bedtime.
That said, to take advantage of the software’s full potential, you’ll need training by the NetSuite staff.
And that doesn’t come free.
The first thing you’ll notice about NetSuite’s inventory management solution is that it has a fully customizable dashboard. In general, you’ll see such customization features all over NetSuite, which is only one of the factors that make it one of the best inventory software.
It’s a cloud-based inventory management system. There isn’t an on-premise version, but NetSuite offers mobile apps both for Android and iOS.
Although it’s great to operate your entire business from the cloud, there is one big drawback – outages. And according to other NetSuite users, they can’t manage any of their business operations during that time.
Despite that, NetSuite offers a great inventory control software, which is one of the best out there. Additionally, you get a rich contact management module where you can add all the information you need. If something’s missing, you can add custom fields to fill in the blanks.
In a nutshell, NetSuite offers everything your business could need – from complete inventory management to sales, payroll, finances, and more.
NetSuite allows you to keep track of all vendors, which is an essential feature for companies receiving products from different places.
It’s one of the best warehouse inventory management software and does a great job of tracking your stock. You can even do so by location if you have multiple warehouses. The system allows you to categorize products depending on their transactions or value.
With NetSuite, you gain full traceability of your products’ lifecycle. You can track lots or serial numbers and break them down quickly to see all transactions.
Not only does NetSuite offer a mind-blowing number of reports, but it also lets you customize and build your own. That’s one of the features that distinguishes NetSuite from other inventory programs. Also, the software offers country-specific tax reports, which is especially helpful for international businesses.
With NetSuite, you can forecast your sales for any number of months. Additionally, you can predict your revenue by customer.
Furthermore, NetSuite’s Planning and Budgeting Predictive Planning allows you to generate reports based on sales history compared to industry-standard statistical models.
All in all, your enterprise resource planning will be a breeze with NetSuite.
Since NetSuite is one of the best inventory management software out there, naturally you can integrate it with most services to improve your workflow from a centralized system.
NetSuite’s app store offers hundreds of apps that can boost the software’s superpowers.
There you can find integrations for Amazon, eBay, WooCommerce, Magento, Shopify, Walmart, ShipStation, DHL, SalesForce, and whatever else your business may need.
One of the best inventory management software offers two tiers of support – basic and premium.
And you’ve guessed right – you have to pay for the premium one. As a matter of fact, NetSuite used to charge its clients for all kinds of technical support a few years ago.
The main difference between the two plans is that the premium one offers 24/7 support.
Anyways, basic support is good but slow. If you stumble upon an issue, it will take some time to get it fixed.
Just like the platform itself, the price is also in the clouds.
The base license for NetSuite Limited Edition starts at $999 per month with an additional $99 per user, monthly. And there’s an initial payment for setup.
That said, although Netsuite is an excellent online inventory and warehouse management system, its price can force some users to search for a cheaper alternative.
Easy to use
Great customer support
Slow sync across different channels
Limitations for non-US companies
Not suited for manufacturers
The only way to test Stitch Labs is to request a demo after contacting a sales rep.
If you know what inventory management is, undoubtedly you’ve heard of Stitch Labs.
Stitch Labs is a cloud-based inventory management solution that has one purpose – to automate and simplify inventory, accounting, shipping, and ecommerce. It’s best suited for medium to large-sized retailers and wholesalers.
It allows companies to sell across multiple channels and manage their inventory-related operations easily.
Even though Stitch Labs has plenty of features, it’s incredibly easy to use. The UI is intuitive, and you can add products, contacts, and sell your items within minutes.
Stitch Labs is a cloud-based inventory management system. There aren’t any desktop or mobile apps.
The Stitch inventory software allows you to group your products into families and add different variants to a product (like colors) and tags. Additionally, you can add different pricing tiers, like retail and wholesale.
This makes it easier to optimize omnichannel sales by eliminating the need for any adjustments on the go. With the help of Stitch Labs, you can also manage your contacts, including customers, suppliers, and vendors.
Moreover, Stitch also supports barcode scanning and is compatible with the most common formats. The software can generate and print barcodes, which you can use for effortless inventory counts and tracking.
All of these features make Stitch one of the best stock inventory management software on the market.
Some of Stitch’s features aren’t available to non-US companies. There are certain limitations, which could be a deal-breaker for businesses that operate outside the US.
With Stitch Labs, you can easily track your products. You can track items in transit, and you can quickly transfer them between different warehouses. Stitch automatically syncs your stocks between different sales channels and locations.
And if any of your items are running low on stock, you’ll get an automated email notification.
Additionally, you can track receipts, landed cost, and keep an eye on delivery estimates.
In a nutshell, Stitch offers all the tracking options you’d want from an inventory management system.
This exceptional retail management system software offers over 40 reports. In addition to the ones of your overall business, Stitch allows you to drill into a particular sales channel and run reports.
Stitch has grouped its reports into five main categories – product, contact, purchase order, order, and customized reports. The latter allows you to set specific time periods.
With Stitch Labs, you get a complete overview of your inventory levels, products on hand, pending orders, financial data, historical stock, and inventory aging.
You can also get custom reports, but you’ll have to contact the company. They are typically available for a fee, but that depends on your plan.
Stitch Labs offers a proprietary forecasting algorithm, which can help you predict future sales volumes. That way, you can plan ahead and use this feature to adjust your purchase orders.
The longer you use Stitch’s inventory management software, the more precise your forecasting reports will become.
You can sync your Stitch Labs account with more than 100 services. Naturally, the usual suspects are on the list:
On paper, this inventory tracking software synchronizes with different sales channels every ten minutes. Still, some Stitch users have experienced lags or slow sync times, which could eventually lead to overselling.
Stitch offers email, phone, and live chat support. There are three different support options you can choose from – Silver, Gold, and Platinum.
Overall, the company’s customer support is admirable. The reps are friendly and helpful. And judging by other Stitch users’ reviews, the support service really is excellent.
This excellent inventory management system offers three pricing plans, depending on your needs and the number of orders you process. For more than 2,000 orders per month, you’ll have to request a quote.
All the plans come with unlimited users, sales channels, and partner integrations.
For up to 2,000 orders a month, you can purchase any of the following plans:
Easy to use
Good for manufacturers
Good for multiple business sizes
Buggy and slow at times
Pricey for startup manufacturers
You can test TradeGecko free of charge for 14 days. In a nice touch, the trial isn’t limited to a single plan, and you can choose whichever you like.
TradeGecko is one of the best ecommerce inventory management software you can find. Despite having some minor issues with integrations and bugs, this is an excellent choice for wholesalers, manufacturers, and ecommerce companies.
It automates your company’s operations, and you can manage manufacturing, sales, locations, and inventory from one place.
TradeGecko is very easy to use, even for beginners. There’s an in-built tutorial, and if you need some guidance, there are many videos to help you with the software’s use.
TradeGecko is a cloud-based inventory management platform. The software has a mobile app, available only for iOS devices.
With TradeGecko, you can easily manage your inventory with several clicks. Additionally, you can administer your sales orders without any hassle, and the software automatically syncs your inventory levels across all platforms.
What distinguishes TradeGecko from most ecommerce inventory management software is how easy it is to do everything – from your store inventory control to creating orders and moving stock between locations.
Additionally, TradeGecko supports most USB barcode scanners and can quickly generate barcodes for your items.
You can find TradeGecko’s reports grouped into six categories – sales, channels, customers, inventory, product performance, and manufacturing.
From there, you have a detailed overview of all your company’s operations. You can also customize your reports by adding or removing different filters like status, location, quantity, customer, etc.
This top inventory management software allows you to forecast demand by product and location. The software suggests the time and the quantity of the products you should reorder.
Furthermore, you can integrate TradeGecko with Inventory Planner and Lokad for improved business intelligence.
On paper, TradeGecko offers all the necessary integrations for you to run your business smoothly.
But there’s a catch.
While reading user-written inventory management software reviews, I noticed that integrations don’t work flawlessly for some of TradeGecko’s users.
TradeGecko offers email and phone support.
My experience with their support team was positive. The replies to my inquiries came within a day and were detailed and provided step-by-step solutions.
Overall, their support is fast and reliable. I even sent one of my mails on a Sunday afternoon and got a reply in less than five minutes. Pretty impressive.
It will be only fair to say that this is my personal experience with them. There are several user-written inventory management software reviews on the Web that disagree. In some cases, TradeGecko’s support was unable to resolve its customers’ issues, and users were prompted to pay for phone support.
TradeGecko offers six different plans. Below you’ll find the prices for a month, when paid annually. If you decide to pay monthly, it will cost you 20% more.
You can also create a custom plan, named Pro, which includes all the benefits of the other plans and is mostly suited for enterprises.
All in all, if you are on a tight budget, TradeGecko is a great, if not the best B2B solution out there.
Easy to use
The cloud version doesn’t offer the software’s full functionality
You can test inFlow’s inventory management software for free for 14 days.
InFlow is a Canadian company, founded in 2005. Its software is suited for businesses of all sizes, and it’s best for wholesalers, retailers, manufacturers, or distributors.
You can use inFlow to manage purchase orders, sales, and inventory.
The company offers a cloud-based software or an on-premise inventory management app.
Some of the inFlow’s most notable clients are NASA, Facebook, AT&T, Chicago Bulls, and Google.
Inflow’s interface is clean and straightforward on both the cloud and Windows desktop. That makes it incredibly functional and easy to use, even for beginners.
InFlow’s inventory management system has a cloud-based version, which doesn’t offer the software’s full functionality. If you want to take advantage of all of inFlow’s features, you’ll have to use the on-premise app. And the latter is available for Windows users only.
That said, if you are looking for the best inventory management software for Mac, inFlow isn’t the solution.
However, if you are an Apple fan you can still download the mobile app on your iPhone. There’s an Android one, as well. Both are quite functional and can turn your smartphone into a barcode scanner, which comes in handy.
You can also adjust prices, costs, and stock levels directly from your smartphone.
Furthermore, inFlow is compatible with most barcode scanners, and it can create inhouse barcodes regardless of the plan you choose.
You can use inFlow to manage your inventory, shipping, suppliers, warehouses, and reordering.
Additionally, you can set up a virtual showroom where your customers could purchase items directly, without the need for a middleman.
Overall, it provides all the core features of a sound inventory system and then some.
With inFlow, you can keep track of all your inventory items, purchase orders, profits, and sales.
You can track your items via their serial numbers and barcodes. Additionally, you can see the location of each product, follow its movement history, and transfer stocks quickly.
Since inFlow is on our list of best inventory management software for 2020, naturally it does a great job of tracking inventory. It’s incredibly intuitive, and the software alerts you when some of your items are below a certain quantity. And you can reorder items with only one click.
Depending on your inFlow plan, you get 32 or 38 built-in reports. They cover all the essential data you need – like sales, customers, taxes, purchases, payments, inventory counts, product history, and so on.
Still, you can’t customize your reports, so you are stuck with whatever the software offers. If you choose the Enterprise plan (more on that in a bit), you can request custom reports.
At the time of writing, inFlow doesn’t offer a forecasting report. Still, it does have an “Estimated Inventory Duration Report,” based on a 90-day history, which can help you plan ahead.
In terms of integrations, inFlow isn’t the best inventory management software out there.
There aren’t any integrations with shipping companies so far, but the company claims it’s something they are “looking into.”
I’m usually very critical of support teams, but I have to say inFlow’s customer support is excellent.
InFlow has one of the friendliest support staff on our top 11 list. First off, all of my inquires got answered within a day. What’s more, the reps provided me with excellent assistance whenever I needed it.
A huge plus is that I found a major bug in their Android app, sent a ticket, and they fixed the app in a few hours. You can’t ask for much more. Especially if you need inventory management software for a small business, since running a smooth operation is crucial for success.
You can contact them via live chat, email, or phone.
InFlow’s inventory software offers five plans, depending on the size of your business. All the plans include unlimited products, customers, and orders.
Neither Essentials includes bill of materials, work orders, and serial numbers tracking.
If you need any of those options, you can find them in the following plans.
Each additional user costs $59 per month for both plans.
For larger organizations, inFlow offers the Enterprise plan. It costs $599 a month and includes 10 users. For additional users, you’ll have to pay $49 each. This plan comes with a dedicated account manager and two-hour setup assistance. Additionally, you can order custom reports.
A wide array of add-ons in the Odoo app store
Requires technological skills to set it up
Steep learning curve
If you want to use only the inventory module, it’s free forever for an unlimited number of users. If you need more than one module, Odoo provides a 15-days trial.
Odoo is an open-source inventory management software, founded in 2005 in the US. It comes with all the features of a complete ERP platform.
At the time of writing, Odoo provides 37 modules and hundreds of add-ons. It offers sales, manufacturing, marketing, website, and operations modules. All of them can help you build a system that will suit your business’s needs.
Once you’ve configured the software and it’s ready to use, it’s not that complicated. Still, it will take time for your employees to learn how to use it, but the configuration stage is more complex.
In a nutshell – once it’s good to go, it’s relatively straightforward.
You can use Odoo however you like – it has cloud-based, desktop, and mobile versions.
Odoo’s inventory management software is flexible and allows you to manage one or multi-warehouse inventories. You can even add warehouse details like rows and shelves.
The software also supports barcode scanning. You can scan incoming deliveries, packing orders, create shipping labels, etc.
One of Odoo’s other cool features is that you can automate the reorder process.
Odoo’s inventory control software allows you to track the complete lifecycle of your items.
You can choose which operations you want to track, and you can trace your products by barcode or serial number.
Although it’s somewhat difficult to get used to it, Odooo is an excellent barcode inventory management software, that can easily track your inventory.
Furthermore, you can add as many custom fields to your products as you like and track all of them – like expiration dates and various product measures.
Additionally, you get alerts when stocks run low, and you can easily do inventory counts.
The built-in report system is basic, but you can create your own reports with the advanced reporting engine. You can also customize your reports’ visualization – like using bars, lines, and pies.
Additionally, you can purchase reports, like the “Inventory coverage report” (about $770), which can help you with reordering recommendations, inventory age, and age breakdown. It also does a stock rotation report, which is quite handy.
This inventory system software comes with a built-in forecast report. You can use it to predict future sales, based on confirmed sales, purchase, or manufacturing orders.
There are over 20,000 apps that could improve your Odoo experience by integrating the software with different services.
The company has its own accounting, manufacturing, CRM, ecommerce, and POS modules. But if you prefer, you can use a connector to manage your accounting with QuickBooks, for example.
Otherwise, despite the overwhelming number of third-party plugins, Odoo is currently developing a native Amazon integration. At the time of writing, you can purchase the software with several built-in add-ons – like DHL, UPS, FedEx, and eBay. Each for $20-$50 a month.
On top of that, if you choose this software, you can integrate it seamlessly with the company’s DMS tool. That way, you can combine your company’s operations with document automation, which can immensely speed up all your processes.
What makes Odoo one of the best inventory management software is that its open-source nature allows you to integrate it with any other service. If you have the technological knowledge, that is.
You can reach Odoo’s support by live chat, tickets, or phone.
Although it took them over a day to reply to each message, Odoo’s support team provided me with detailed and useful explanations. Overall I’m content with their support team.
Since you can build Odoo using whichever module you need, it could be either free (for one module) or it could reach up to more than $1,000 a month without any third-party app purchases.
However, the price depends entirely on your needs. If you need restaurant inventory management software the cost will be different from a warehouse one, for instance.
Although you can implement Odoo yourself, you can also ask for the company’s professional help by purchasing one of their Success Packs. You’ll get an Odoo project manager that will tailor your Odoo apps to suit your company’s needs. And here are the Success Packs’ prices:
Easy to use
Good for manufacturers
Not that many integrations compared to other inventory management systems.
Unleashed Software provides a 14-day trial, so you could test the software first-hand. You can use all the features of the Medium plan. Additionally, if you need more than 14 days of trial, you can ask for an extension.
Based in New Zealand, Unleashed launched its inventory software in 2009.
It’s a cloud-based inventory management system mostly designed for medium and large-sized businesses and manufacturers.
It provides real-time inventory, sales, and warehouse management. Unleashed offers all the necessary tools for inventory management – tracking, optimization, kitting, and BOMs. You can also use its reporting and analytics functions to keep track of your business.
Unleashed is a feature-rich software, but its features come at a price. And it’s not a low one, either.
Unleashed is one of the best inventory management software in terms of UI. Its interface is intuitive, and even if you haven’t used such a program before, you’ll get the hang of it in no time.
Typically, the best inventory management software is in the cloud. So is Unleashed.
Additionally, the software has a mobile app for both Android and iOS. That way you could unleash your sales reps and let them sell from anywhere. Furthermore, you can sync offline sales once you get back online.
Naturally, being one of the top inventory management software, Unleashed supports barcode scanning. You can use barcode scanners for inventory counts and create sales shipments and receipt purchase orders.
You can quickly gain access to tracking information, stock levels, sales, and costs. The software’s ease of use lets you see everything with just one click.
And the best part is, you get real-time data about your stock. You can easily keep track of your items across different warehouses regardless of location. There’s also a warehouse module, which you can use to move items between warehouses.
You can track your items by serial or batch numbers. Moreover, the software can show you the usage history of those numbers – from the moment you purchased them, all the way to sales.
Low stock alerts appear on your dashboard, so you could easily reorder and not miss any orders due to a lack of products.
The reports in Unleashed come in four categories – purchases, inventory, production, and sales. It’s a convenient and straightforward arrangement since it offers you all the information grouped in an uncomplicated manner.
You can analyze your costs, see your stock levels, reorder, backorder reports, and more. You can also customize each report by adding or removing data by simply dragging and dropping different fields.
At the time of writing, Unleashed can’t assist you with inventory predictions. Still, its developers are creating a business intelligence module that should be available soon.
Still, Unleashed doesn’t provide native integration with eBay and WooCommerce. You could contact a third-party vendor for a connector software.
The same applies to shipping integrations. There are no native add-ons for the most popular shipping companies like DHL, UPS, FedEx, and ShipStation.
If you experience any problems with the Unleashed inventory management software, you can reach out to its support via phone, email, ticket, or live chat.
Still, the live chat option is only available if you purchase the Premium Support Package.
There are also video tutorials in the Unleashed Academy, which are quite helpful.
Anyways, I sent some tickets and received simple-written one-line answers. The first responses came within an hour, but I had to wait for two days for the last one, which was more detailed and helpful. Overall, not the best support experience.
Unleashed offers four plans: Small, Medium, Large, and Large Plus. You’ll see the prices for a monthly subscription, paid annually. For a month-to-month subscription, this inventory management software system’s price will be about 10% higher.
Here’s a quick overview of each plan:
Lots of integrations
Good for QuickBooks users
Easy to transfer products between locations
Great for inventory tracking
Minimal report customization
The software and its add-ons are expensive
Buggy and slow
You can test the Fishbowl client for 14 days.
The Fishbowl inventory system is suited for manufacturers, wholesale distributors, and retailers. In other words, it’s best for small and midsized companies.
It offers excellent sales and tracking features, combined with exceptional inventory management.
The company is located in the US and has been on the market since 2001. Some of its notable clients are the US Army and Air Force, Mercedes-Benz, NASA, and General Electric.
First off – the user interface looks old and gives you a Windows 98 vibe.
Still, although it takes you back in time, the software is simple and relatively easy to use.
You can download and use Fishbowl on the most popular desktop operating systems – Windows, Mac, and Linux.
Their mobile app is also available on both iOS and Android devices.
Fishbowl’s inventory system lets you print barcodes and create custom labels for all your items. Additionally, you can scan a product’s barcode and move it to another location with one click.
The software also has an automatic reordering feature and shows you sales trends for each warehouse, and you can monitor your inventory stocks by warehouses.
Fishbowl comes with an automated inventory tracking system that will help you purchase what’s needed and discard products and parts that aren’t selling.
You can track all your business operations – from purchases, BOMs, manufacture orders, and inventory to sales, payments, shipping, and so on.
There’s also a reminder that will help you reorder whatever stock is running low.
Overall, Fishbowl is an excellent inventory tracking software, which allows you to track everything from parts purchases to final product sales.
Fishbowl provides its users with a vast array of reports. At the time of writing, there are 145+ available reports – including accounting, BOM, and customer reports.
You can see your product history, expiry dates, shipping, sales, and vendor reports.
Generally, you can get reports on every aspect of your business. Unfortunately, you have limited customization options.
Fishbowl’s inventory management software doesn’t come with a built-in forecasting report. Still, you can purchase an add-on, priced at $495, which will assist you with inventory predictions.
In terms of integrations, Fishbowl offers almost everything you can think of.
You can sync your account with Xero, Quickbooks, Avalara, or Reckon for accounting. Additionally, you can integrate Fishbowl with Amazon, eBay, Magento, Shopify, WooCommerce, BigCommerce, and others.
Fishbowl’s inventory management solution also integrates with most shipping companies like DHL, FedEx, ShipStation, UPS, and more.
You can also sync your account with SalesForce and Zoho CRM.
Still, the downside of each integration is its price. Most plugins cost about $2,000 each. Not exactly petty cash.
The company offers phone, email, and ticket support.
I wish I could tell you how they handle problems and how quickly their responses come.
Unfortunately, I can’t.
Because no one answered my questions in more than a week (still waiting, though).
Additionally, there are many Fishbowl users who complain about the very same thing – no one answers the phone, and email support is basically non-existent.
Unlike other inventory management systems on this list, Fishbowl doesn’t provide any monthly or yearly plans.
You can purchase the software license key for a starting price of $4,395. That gives you ownership of the software and one-year access to updates and support. You can renew the license each year and gain the same benefits.
Even if you don’t, you can continue using the software, but you won’t get any updates or support.
Easy to use
Suitable for startups and small businesses
Great for retailers
Slow at times
Not suited for big companies
You can try Vend for free for 14 days.
Vend is a cloud-based POS and retail inventory management software designed specifically for brick and mortar stores. Additionally, the software offers omnichannel sales integrations, which you can use for both online and offline deals.
Vend enables its users to track customers and orders, manage their inventory, and use analytics tools to improve their company’s performance.
The software is easy to use even for first-timers. Its dashboard is somewhat customizable and can show different metrics.
Vend is a cloud-based inventory management software, but if your network drops for some reason, you can continue using it. Once it’s back online, it will sync your sales.
You can also download a mobile app for iPhone and use it as a barcode scanner. The software can create, import, and print barcodes with just a few clicks.
As a bonus, you can easily create promotions, discounts, and loyalty programs. You can also set up multiple price books, each with different rules and periods.
The only thing I disliked about this retail inventory management software is that you don’t get an alert or notification when you are running low on stock. To see which items you have to reorder, you’ll have to run a low-stock report.
With Vend, it’s easy to track your stock levels and organize your products by name, type, brand, and other details. Additionally, you can view images of your products in the inventory tab, which makes it even easier to manage them.
You can also keep track of any product’s cost, taxes, and price. Also, you can customize the price based on customers, locations, or discounts. Adding and removing items from your inventory is a breeze.
Vend synchronizes your sales across all channels, so you don’t have to worry about duplicate entries. You can also track your items by location and quickly transfer products between stores and warehouses.
If Vend doesn’t suit your needs, you can improve it by integrating Unleashed or Stitch Labs.
Vend’s reports allow you to see everything in real-time on any device with internet access.
You can customize them by user, customer, product, etc. This compensates for the low quantity of available reports. In any event, Vend does cover the basics. You also get specific reports, which are perfect for retailers – like gift cards and store credit reports.
This small business inventory software doesn’t offer forecasting. Still, you could integrate your Vend account with a business intelligence system like Lokad.
Overall, Vend doesn’t offer many native integrations, so you’ll have to use a third-party service to sync your Vend account with other services and marketplaces. And that could make the software more expensive in the long run.
One of the great things about Vend is that with each plan, you get 24/7 phone and online support for free.
Support is relatively fast and helpful. All my questions got their answers in less than a day. According to the mind-blowing number of reviews I’ve read, the other Vend clients are also happy with the company’s support team.
This inventory management software for small business keeps it simple when it comes to pricing. The company offers three plans:
For large retailers, Vend offers the “Enterprise” plan, which includes a dedicated account manager and customized onboarding. Its price depends on the company’s requirements.
Good for manufacturers and enterprises
Suited for different industries
Lots of features and integrations
Steeper learning curve
Not fit for small businesses
You can’t download a free trial for QuickBooks Enterprise. Still, you can test the product online via a remote desktop.
Most of you have probably heard of QuickBooks. It’s mostly-known as an accounting system with a far from excellent inventory management module. Well, QuickBooks Enterprise takes a step forward and comes with a more sophisticated and detailed inventory management system.
Its focus, as the name suggests, is on enterprises in different industries and manufacturers.
You can choose your plan depending on your business – contractor, manufacturer, retail, non-profit, professional services, and accountant. Or you could purchase the standard edition, which includes all the non-industry specific features of the software.
If you haven’t used QuickBooks, you’ll probably find it confusing at first. It’s not the most beautiful inventory software and not the easiest one to use. So, keep in mind there will be a learning curve if you decide to buy it.
First of all, you can download this inventory system software only for Windows. With a single-user license, you can install QB Enterprise on two computers, which limits your access options. Another drawback of an on-premise version is that you are in charge of security. Both physical and digital.
You can also purchase QuickBooks Enterprise with hosting, which gives you and your employees access to the system from any device anywhere, but you’ll have to pay extra for this feature.
In addition to QuickBooks Enterprise’s accounting features, you get an improved inventory management app. You can add product information, set reorder points, and add images.
Depending on your plan, you can receive the Advanced Inventory feature, which adds serial numbers, barcode scanning, and multiple warehouses. Also, the software can generate barcodes and automatically fill product fields when you scan their barcodes.
Additionally, QuickBooks Enterprise shows you all of your open sales orders on one screen, so you could manage them more comfortably.
With this inventory database software you can quickly pinpoint and track all your inventory products. Once you learn how to use the software, that is. You can also see each product’s serial number in each bin.
Additionally, you can track items across multiple locations in real-time. You can easily import or export product data and do inventory counts.
Naturally, all your invoices, sales, and purchase orders automatically reflect in your inventory. Picking, packing, and shipping are each done with one click, which saves you time.
QuickBooks Enterprise also allows you to add and track non-inventory and service items.
And since the software is suited for manufacturers, you can create BOMs to track the costs, and you can track assembled products better.
With this inventory control software, you can access all kinds of reports – sales by customer, product, and sales rep. You can also see inventory stock by item, valuation, assembly shortages, etc. The sheer number of reports is mind-blowing!
As a plus, you receive 10+ additional industry-specific reports depending on the plan you’ve chosen.
The QuickBooks Enterprise forecasting algorithm bases its prediction on a minimum of 180 days of sales. With its forecasting report, you can compare YoY growth and predict the needed quantity for the next 180 days. Additionally, you can forecast your company’s finances via a custom forecast report.
Naturally, this is the best inventory management software for Quickbooks users.
You can integrate your QuickBooks account with more than 100 third-party services like PayPal and American Express for payments.
The software also syncs with the most popular marketplaces and ecommerce platforms like WooCommerce, Amazon, eBay, Shopify, Magento, and BigCommerce.
Their app store is packed with all the necessary integrations and then some.
In a nutshell – customer support is good, but you’ll have to wait for it.
You can’t send emails or leave tickets. The only options are live chat and phone, which work Monday through Friday 4 AM-7 PM (PT).
This top inventory management software offers three different plans – Silver, Gold, and Platinum.
That completes my list of the best 11 inventory management software.
And just in case you are wondering if you should invest your hard-earned dollars into an inventory management system, the answer is yes, you should. Here’s why:
Each step of your company’s growth is hard, and it presents different challenges.
As your business grows, so do the inventory volumes. Naturally, you start using more sales channels to nurture its future growth. Additionally, you’ll have more and more contacts, including suppliers, customers, sales reps, and so on.
Keeping track of all of this manually is impossible unless you want to be this guy:
So, here are the benefits of using inventory management software:
That’s probably the best reason to buy such software. It will allow you to save time, which you can use to focus on your further growth. The inventory management solutions also help you save money by diminishing the human-error factor.
You will hate it if you have thousands of items gathering dust in a warehouse somewhere, right? The same goes for the high demand for a product you are out of. The inventory management systems can help with that. Not only will you have an optimal amount of stock available, but you can also predict what you’ll need in the future and restock on time.
Omnichannel sales could be tricky without an inventory management solution. Keeping track of all your sales channels and inventory levels is nearly impossible without one. And needless to say, overselling can hurt a company’s reputation. No one wants that.
With such software, you can easily track your stock levels, place purchase orders, conduct sales, manage your contacts, and arrange shipping from one place. You don’t have to sign in and out of different services – you can manage everything easily from a single software.
There are also dozens of other benefits that depend entirely on your company’s needs.
Coming up is a quick guide on how to choose the best inventory management software for your company.
You have to choose your software wisely – after all, you’ll count on it to perform all your business operations. Additionally, it will cost you hundreds of dollars monthly (best case scenario). And finally, you’ll want to make sure you and your employees can use it.
So here’s what you should think about before you purchase one:
Clarify your needs and choose the best one to fulfill them. Otherwise, you might end up purchasing expensive software while using only half of its features.
Some inventory system software offer a fantastic bundle of features, but they are hard to use, and it takes time to implement the new system and train your staff. And in most cases, this training doesn’t come cheap. On the other hand, some inventory systems are incredibly easy to use but lack some features you may need.
Depending on your company’s location, you may stumble upon several issues. Firstly, you may not be able to reach out to customer support because of the time zone. And sometimes you can’t wait until the next day. Neither can your customers.
Secondly, if you sell internationally, you should choose an inventory management solution that supports multiple currencies and different taxes.
You should have a clear idea of how much you are willing to spend on inventory management software. I can tell you from experience that the prices on the company’s websites are the bare minimum. Usually, there’s an implementation fee, some integrations can cost you thousands of dollars, and there could be many other payments you’ll have to make.
With that said, consider your budget, divide it by two and look for software that will fit into the smaller figure to ensure there aren’t any nasty surprises down the road.
As your business grows, so will your needs. Choose a scalable software that can grow hand in hand with your business. While you can always upgrade your plan to meet your growing demands, there’s a limit. If you have high ambitions for your company, choose an inventory control software that will be able to meet them later on.
Otherwise, you may have to choose another inventory management software in the future. And migrating from one system to another can cause you more problems than it can solve.
Choosing the best inventory management software for your business is a tricky endeavor. You could easily get fooled by sales reps and paid online reviews.
Finding the most suitable solution can be hard, but it’s not impossible. Our top 11 list proves it. They are the best of the best and will serve your business faithfully for years to come.
Thanks to our thorough analysis and careful testing, you can save time you would otherwise waste searching for your ideal solution. There’s something for every business in the above-listed programs. Whether you are a startup or an enterprise owner, you can find your inventory management tool on this list.
But don’t just take my word for it – go ahead and try some or all of them. I promise you’ll find the one that best suits your company’s needs.
Till next time!
The answer to that question depends entirely on your business needs. Do you want the best ecommerce inventory management software? Or the best one for retail? For manufacturers?
None of the software above is a silver bullet for every industry or every business size. Consider your needs and budget, and you’ll find the best one in our top 11 picks.