Best Inventory Management Software 2024

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Effective inventory management is crucial for businesses to streamline operations, reduce costs, and enhance customer satisfaction.

Choosing the best inventory management software can significantly impact a company’s efficiency and profitability.

From small businesses to large enterprises, the right software solution can automate processes, optimize stock levels, and provide real-time insights into inventory performance.

In this guide, we will explore the key features, benefits, and considerations when selecting the best inventory management software for your business needs.

Best-Inventory-Management-Software

Cin7

Cin7 is a software solution designed to streamline your business operations, particularly those related to inventory and order management.

Core Functionality:

  • Inventory Management: Cin7 offers a centralized inventory database with features like stock level dashboards, low stock notifications, bundling and kitting options, and even asset tracking.
  • Order Management: Cin7 boasts a powerful order management system (OMS) that automates order fulfillment processes and generates valuable data for future optimizations. It integrates seamlessly with your existing sales channels and provides real-time inventory visibility.

Additional Capabilities:

  • Ecommerce Integrations: Cin7 integrates with popular ecommerce platforms and marketplaces, allowing for smooth data exchange.
  • Accounting Integrations: Streamline your accounting processes by integrating Cin7 with your accounting software.
  • Data Exporting/Importing: Easily import and export data for seamless integration with other business systems.
  • Scalability: Cin7 is designed to scale with your business, adapting to your growing needs.

Use Cases:

  • Retailers: Cin7 caters to businesses of all sizes, from small retailers to large wholesalers.
  • Wholesale and Distribution: Cin7 supports B2B sales channels with features like built-in B2B portals.
  • Manufacturing: Manage contract manufacturing workflows within Cin7.

Benefits:

  • Improved Efficiency: Automate tasks, gain real-time data, and streamline operations for better efficiency.
  • Enhanced Scalability: Grow your business without worrying about software limitations.
  • Data-Driven Insights: Utilize reports and analytics to make informed decisions.
  • Reduced Costs: Minimize errors and streamline operations for potential cost savings.

Things to Consider:

  • Pricing: Cin7 offers customized pricing based on your specific needs.
  • Complexity: The feature-rich nature may require a learning curve for some users.

Overall, Cin7 is a powerful solution for businesses seeking a comprehensive inventory and order management system.

Whether you’re a retailer, wholesaler, or manufacturer, Cin7 can help you streamline operations, gain valuable data insights, and ultimately achieve business growth.

Ordoro

Ordoro is a web-based software specifically designed to empower small and medium-sized ecommerce businesses.

It tackles the complexities of order and inventory management, allowing you to focus on growth.

Core Strengths:

  • All-in-One Solution: Ordoro simplifies your life by combining inventory management, order fulfillment, and dropshipping functionalities in one platform.
  • Shipping Powerhouse: Enjoy features like bulk label creation, discounted shipping rates through integrations with major carriers, and automated shipping rules.
  • Inventory Management: Gain control over your stock with features like real-time inventory tracking across sales channels, low stock alerts, and barcode scanning for picking and packing accuracy.
  • Dropshipping Simplified: Manage dropshipping suppliers seamlessly within Ordoro, automating order routing and communication.
  • Sales Channel Integrations: Connect Ordoro to your existing ecommerce platforms like Shopify, Amazon, eBay, and more, for effortless data syncing.

Additional Benefits:

  • Scalability: Ordoro grows with your business, accommodating increasing order volumes and complexity.
  • Reporting and Analytics: Gain valuable insights into your sales performance, inventory levels, and shipping costs to make informed decisions.
  • User-Friendly Interface: Ordoro boasts an intuitive interface that simplifies order management for your team.

Who is Ordoro Ideal For?

Ordoro caters to established ecommerce businesses that are already generating a good number of orders and are looking to streamline their operations.

Pricing:

Ordoro offers tiered pricing plans, with the basic plan starting at around $199 per month. The exact cost depends on your specific needs and order volume.

Things to Consider:

  • Limited Accounting Integration: While Ordoro integrates with various platforms, accounting software integration might be limited.
  • Focus on Ecommerce: Ordoro is primarily designed for ecommerce businesses and may not be ideal for traditional brick-and-mortar stores.

Overall, Ordoro provides a robust solution for ecommerce businesses seeking to optimize order fulfillment, manage inventory effectively, and achieve growth.

With its comprehensive features, scalability, and user-friendly design, Ordoro empowers you to take control of your ecommerce operations.

inFlow

inFlow Inventory is a cloud-based software solution designed to simplify inventory management for businesses of various sizes and industries.

Core Functionality:

  • Inventory Management: inFlow provides a centralized hub for your inventory data. Track stock levels in real-time, receive low-stock alerts, manage product variations, and even generate barcodes for efficient picking and packing.
  • Order Management: Manage your sales process from quote creation to order fulfillment. Generate invoices, track order status, handle backorders, and offer kitting/bundling options for complex products.
  • Sales & Fulfillment: inFlow streamlines the sales cycle with features like pick lists, real-time fulfillment status updates, and integrated shipping options for cost comparisons and label printing. It also allows you to manage customer information and track order history.

Additional Capabilities:

  • Ecommerce Integrations: Integrate inFlow with over 35 popular ecommerce platforms for seamless data exchange between your online store and inventory management system.
  • 3PL Management: If you use a third-party logistics provider (3PL), inFlow can facilitate communication and data exchange for better inventory visibility.
  • Mobile Apps: Manage your inventory and fulfill orders on the go with inFlow’s mobile apps for iOS and Android devices.
  • Reporting & Analytics: Gain valuable insights into your sales performance, and inventory levels, and identify trends to make informed business decisions.

Use Cases:

inFlow caters to a wide range of businesses, including:

  • Wholesalers & Distributors: Manage bulk purchases, track stock across multiple warehouses, and fulfill B2B orders efficiently.
  • Manufacturers: Simplify production workflows with features like bill of materials (BOM) management and assembly tracking.
  • Retailers: Gain real-time inventory visibility across your sales channels, optimize stock levels, and improve customer satisfaction.
  • Ecommerce Businesses: Manage online orders, integrate with your store, and streamline fulfillment processes.

Benefits:

  • Improved Efficiency: Automate tasks, gain real-time data, and streamline operations to free up your time and resources.
  • Cost Savings: Reduce errors, optimize stock levels, and potentially negotiate better shipping rates with volume discounts.
  • Scalability: inFlow grows with your business, accommodating your increasing inventory complexity and order volume.
  • Data-Driven Decisions: Leverage reports and analytics to make informed decisions about purchasing, pricing, and promotions.

Things to Consider:

  • Free Trial: inFlow offers a 14-day free trial to explore the platform before committing.
  • Pricing: inFlow offers various pricing tiers based on features and user count. Be sure to choose a plan that aligns with your specific needs.
  • Learning Curve: While user-friendly, the feature-rich nature of inFlow may involve a learning curve for some users.

Overall, inFlow Inventory is a comprehensive solution that empowers businesses to take control of their inventory management.

Its scalability, mobile accessibility, and wide range of integrations make it a versatile option for businesses of various sizes and industries.

Zoho Inventory

Zoho Inventory is a cloud-based software solution designed to simplify inventory management for businesses of various sizes.

Core Inventory Management:

  • Item Management: Create and manage detailed product information, including descriptions, variations, barcodes, and SKUs. Group similar items for easier organization.
  • Stock Tracking: Gain real-time visibility into your inventory levels across multiple warehouses (if enabled). Track stock movement with features like purchase orders, invoices, and transfers.
  • Serial & Batch Tracking: For items requiring unique identification, Zoho Inventory offers options for serial number and batch tracking, allowing you to monitor specific units or batches.
  • Low Stock Alerts: Set automatic alerts to notify you when stock levels fall below a designated threshold, preventing stockouts and ensuring timely reordering.

Order Management:

  • Sales Orders: Manage customer orders efficiently. Generate sales orders, track order status, and fulfill orders with ease.
  • Purchase Orders: Streamline your purchasing process by creating purchase orders for your suppliers. Manage purchase approvals and track incoming shipments.
  • Sales Channels: Integrate Zoho Inventory with your online stores or marketplaces to automatically update inventory levels and fulfill orders directly from the platform.

Additional Features:

  • Multi-Warehouse Management: Manage inventory across multiple warehouses or locations (requires enabling the feature). Track stock transfers between locations for optimal inventory distribution.
  • Packaging & Shipping: Generate packing slips and shipping labels directly within Zoho Inventory. Integrate with popular shipping carriers for discounted rates and shipment tracking.
  • Reporting & Analytics: Generate comprehensive reports on your inventory performance, sales data, and purchase history. Use these insights to make informed decisions regarding stock levels, purchasing strategies, and sales trends.
  • Accounting Integration: Integrate Zoho Inventory with Zoho Books (their accounting software) or other accounting platforms for seamless data exchange and automated financial processes.
  • Mobile App: Manage your inventory and fulfill orders on the go using the Zoho Inventory mobile app for iOS and Android devices.

Benefits of Using Zoho Inventory:

  • Improved Inventory Accuracy: Real-time inventory tracking and low stock alerts minimize stock discrepancies and overselling.
  • Enhanced Order Fulfillment: Streamlined workflows for sales orders, purchase orders, and shipping improve order fulfillment efficiency.
  • Reduced Costs: Optimize stock levels, negotiate better purchase terms, and potentially lower shipping costs with discounts.
  • Data-Driven Decisions: Generate reports and gain insights to make informed choices regarding stock management, pricing, and promotions.
  • Scalability: Zoho Inventory grows with your business, accommodating increasing inventory complexity and order volume.

Things to Consider:

  • Pricing: Zoho Inventory offers various pricing plans based on features and user count. Choose a plan that aligns with your specific business needs.
  • Learning Curve: While user-friendly, the feature set might require a learning curve for users unfamiliar with inventory management software.
  • Limited Manufacturing Features: Zoho Inventory focuses primarily on inventory management and order fulfillment. Businesses with complex manufacturing workflows may require additional features found in Manufacturing Resource Planning (MRP) software.

Overall, Zoho Inventory is a robust solution for businesses seeking to streamline their inventory management processes.

Its diverse features, scalability, and integration capabilities make it a versatile option for businesses of various sizes and across different industries.

ShipBob Merchant Plus

ShipBob Merchant Plus is a warehouse management system (WMS) designed specifically for businesses that already have their own warehouses in the United States.

It empowers these businesses to manage their in-house fulfillment operations while also leveraging ShipBob’s global fulfillment network for added flexibility and scalability.

Core Functionality:

  • Warehouse Management: ShipBob Merchant Plus provides a comprehensive WMS that allows you to manage all aspects of your in-house fulfillment. This includes features like:
    • Inventory Management: Track stock levels, receive low-stock alerts, manage product variations, and generate reports on inventory performance.
    • Order Management: Manage customer orders, generate pick lists and packing slips, and track order fulfillment status.
    • Picking & Packing: Optimize picking and packing processes with features like batch picking, zone picking, and pick-to-light technology (may require additional integrations).
    • Shipping Management: Generate shipping labels, compare rates from various carriers, and track shipments in real-time.
  • Hybrid Fulfillment Option: A key advantage of ShipBob Merchant Plus is the ability to leverage ShipBob’s existing fulfillment network. You can designate specific products or fulfillment needs to be handled by ShipBob’s warehouses in the US, Europe, Canada, or Australia. This allows you to:
    • Expand fulfillment reach to new geographic regions without managing additional warehouses.
    • Handle surges in order volume or seasonal spikes by utilizing ShipBob’s fulfillment infrastructure.

Additional Features:

  • Scalability: ShipBob Merchant Plus scales with your business. Manage increasing order volume and growing inventory complexity as your business expands.
  • Integrations: Integrate ShipBob Merchant Plus with your existing sales channels (e.g., Shopify, Amazon, eBay), accounting software, and other business applications for seamless data exchange and streamlined workflows.
  • Analytics & Reporting: Gain valuable insights into your fulfillment operations through reports on order fulfillment times, picking accuracy, shipping costs, and inventory performance.

Benefits of Using ShipBob Merchant Plus:

  • Increased Efficiency: Optimize picking and packing processes, automate tasks, and gain real-time data for improved fulfillment efficiency.
  • Enhanced Scalability: Manage fulfillment needs both in-house and through ShipBob’s network, allowing you to scale your operations as your business grows.
  • Reduced Costs: Potentially reduce fulfillment costs by strategically utilizing ShipBob’s network for specific products or regions.
  • Improved Customer Satisfaction: Faster fulfillment times and wider geographic reach can lead to enhanced customer satisfaction.
  • Focus on Core Business: Free up resources from managing fulfillment across multiple regions, allowing you to focus on your core business activities.

Who is ShipBob Merchant Plus Ideal For?

  • Businesses with established in-house warehouses in the US.
  • Businesses looking to expand their fulfillment reach beyond their own warehouse locations.
  • Businesses experiencing fluctuations in order volume or seasonal spikes.
  • Businesses seeking to optimize their fulfillment operations and improve efficiency.

Things to Consider:

  • Pricing: ShipBob Merchant Plus uses a custom pricing model based on your specific needs and warehouse usage. Be sure to contact ShipBob for a quote.
  • Implementation: Implementing ShipBob Merchant Plus may require some setup time and integration with your existing systems.
  • Limited Features Compared to Full ShipBob Fulfillment: While Merchant Plus offers robust WMS features, it may not provide all the functionalities included in ShipBob’s complete fulfillment service (e.g., warehousing infrastructure, packaging materials, etc.).

Overall, ShipBob Merchant Plus offers a unique solution for businesses with existing warehouses seeking to optimize in-house fulfillment and leverage the benefits of ShipBob’s global network for added scalability and flexibility.

Fishbowl Inventory

Fishbowl Inventory is an inventory management software solution designed specifically for manufacturers, wholesalers, and distributors.

It offers a comprehensive suite of features to streamline inventory control, production workflows, and order fulfillment, all integrated with popular accounting software like QuickBooks.

Core functionalities:

  • Inventory Management: Gain real-time visibility into your stock levels across multiple locations (if applicable). Manage product data, set reorder points, track inventory movement through features like purchase orders, work orders, and sales orders.
  • Work Order Management: Create and manage work orders for production jobs. Fishbowl allows you to define bill of materials (BOMs), track production progress, and ensure you have the necessary materials on hand to fulfill orders.
  • Order Management: Generate sales orders, manage customer information, track order status, and integrate with your online stores for seamless order fulfillment.
  • Warehouse Management: For businesses with warehouses, Fishbowl offers features for warehouse organization, picking and packing optimization, and real-time inventory tracking across locations.

Additional Capabilities:

  • Accounting Integration: Integrate seamlessly with popular accounting software like QuickBooks for automated data exchange and streamlined financial processes.
  • Advanced Features: Fishbowl offers advanced functionalities like serial/lot tracking, barcode scanning, advanced pick/pack options, and reporting & analytics tools for in-depth data insights.
  • Scalability: The software scales with your business, accommodating increasing inventory complexity and growing order volumes.
  • Deployment Options: Choose between a cloud-based solution (Fishbowl Manufacturing Cloud) or an on-premise installation (Windows or Linux) depending on your business needs and security preferences.

Benefits of Using Fishbowl Inventory:

  • Improved Efficiency: Streamline workflows, automate tasks, and gain real-time data for better operational efficiency.
  • Enhanced Manufacturing Control: Manage production processes efficiently with features like work orders and bill of materials.
  • Reduced Errors: Minimize stock discrepancies and improve order fulfillment accuracy.
  • Data-Driven Decisions: Generate reports for valuable insights on inventory performance, sales trends, and production costs.
  • Scalability: Grow your business without worrying about software limitations.

Who Can Benefit from Fishbowl Inventory?

  • Manufacturers: Manage production workflows, track materials, and optimize production efficiency.
  • Wholesalers & Distributors: Track inventory across warehouses, manage large order volumes, and fulfill orders efficiently.
  • Businesses Using QuickBooks: Seamless integration with QuickBooks simplifies accounting tasks and data management.

Things to Consider:

  • Pricing: Fishbowl Inventory offers tiered pricing plans based on features and user count. Be sure to choose a plan that aligns with your specific business needs.
  • Learning Curve: While user-friendly, the feature set may require a learning curve for users unfamiliar with inventory management or manufacturing software.
  • Cloud vs. On-Premise: Consider your budget, security needs, and IT infrastructure when choosing between the cloud-based and on-premise deployment options.

Overall, Fishbowl Inventory is a powerful solution for manufacturers, wholesalers, and distributors seeking to streamline inventory management, optimize production processes, and gain valuable insights to drive business growth.

Extensiv

Extensiv focuses on inventory management software designed specifically for retail businesses.

It offers a comprehensive suite of features to streamline inventory control, optimize ordering, and improve sales and customer satisfaction within the retail environment.

Core Inventory Management:

  • Centralized Inventory: Gain real-time visibility into your inventory levels across all your stores (if you have multiple locations). Manage product data, set reorder points, and track stock movement through features like purchase orders, transfers between stores, and sales data.
  • Demand Forecasting: Extensiv provides tools to forecast future demand based on historical sales data, seasonality trends, and promotional activities. This allows for optimized purchasing decisions and helps prevent stockouts.
  • Automated Replenishment: Set up automated purchase orders to ensure you have the right amount of stock on hand. Extensiv can suggest reordering quantities based on your sales data and lead times.
  • Warehouse Management: For retailers with warehouses, Extensiv offers features for warehouse organization, receiving and put-away processes, and cycle counting to ensure inventory accuracy.

Retail-Specific Features:

  • POS Integration: Integrate Extensiv with your Point-of-Sale (POS) system for seamless data exchange. This allows for real-time inventory updates with every sale and eliminates the need for manual data entry.
  • Kitting & Bundling: Easily manage kits and bundled products, allowing for efficient sales and accurate inventory tracking.
  • Promotions & Markdown Management: Plan, track, and manage promotions and markdowns within Extensiv. This simplifies price changes and ensures accurate inventory valuation.
  • Loss Prevention: Extensiv offers features to help with loss prevention, such as low-stock alerts and shrinkage tracking.

Additional Capabilities:

  • Reporting & Analytics: Generate comprehensive reports on inventory performance, sales trends, purchasing data, and vendor analysis.
  • Scalability: The software scales with your business, accommodating growth with additional stores or increasing inventory complexity.
  • Mobile App: Manage your inventory and track key metrics on the go using the Extensiv mobile app.

Benefits of Using Extensiv:

  • Improved Inventory Accuracy: Real-time data and automated processes minimize stock discrepancies and overselling.
  • Optimized Purchasing: Accurate demand forecasting and automated replenishment ensure you have the right amount of stock and reduce carrying costs.
  • Enhanced Sales Efficiency: POS integration and streamlined kitting/bundling processes improve sales efficiency at your stores.
  • Data-Driven Decisions: Generate reports for valuable insights to inform your purchasing strategies, promotions, and vendor management.
  • Reduced Shrinkage: Loss prevention features like low-stock alerts and shrinkage tracking help minimize inventory losses.

Who Can Benefit from Extensiv?

  • Retail Businesses of All Sizes: From single-store operations to large retail chains, Extensiv adapts to your needs.
  • Retailers with Multiple Locations: Centralize inventory management and gain real-time visibility across all your stores.
  • Businesses Using a POS System: Integrate with your existing POS system for a seamless workflow.

Things to Consider:

  • Pricing: Extensiv offers tiered pricing plans based on features and the number of stores you manage.
  • Learning Curve: While user-friendly, the features may involve a learning curve for users unfamiliar with retail inventory management software.
  • Focus on Retail: Extensiv is primarily designed for retail businesses and may not be ideal for manufacturers or wholesalers.

Overall, Extensiv Inventory Management is a robust solution that caters to the specific needs of retail businesses.

Its features help optimize inventory control, streamline sales processes, and provide valuable data insights to improve efficiency, profitability, and customer satisfaction.

Sortly

Sortly is a mobile-first inventory management solution designed to simplify inventory tracking for businesses of all sizes and across various industries.

Core Functionality:

  • Easy Organization: Organize your inventory using customizable folders and categories. Add high-resolution photos and detailed descriptions for each item you track.
  • Real-Time Tracking: Gain real-time visibility into your inventory levels with features like barcode scanning and manual quantity updates.
  • Low Stock Alerts: Set automatic alerts to notify you when stock levels fall below a designated threshold, preventing stockouts and ensuring timely reordering.
  • Multi-Device Accessibility: Access and manage your inventory from anywhere, anytime using the Sortly app available for iOS, Android, and desktops.

Additional Features:

  • Team Access: Grant team members access to your inventory data with customizable permission levels.
  • Data Export/Import: Easily export your inventory data to spreadsheets or import existing data into Sortly for seamless integration with your existing systems.
  • Reporting & Analytics: Generate basic reports to view inventory trends and identify areas for improvement. (Advanced reporting features may be limited compared to more robust inventory management software.)

Benefits of Using Sortly:

  • Improved Efficiency: Simplify inventory tracking with a user-friendly mobile app and barcode scanning capabilities.
  • Reduced Errors: Minimize stock discrepancies and ensure accurate inventory data.
  • Enhanced Organization: Keep your inventory organized with customizable categories and detailed product information.
  • Cost-Effective: Sortly offers a free plan with basic features and affordable paid plans for additional functionalities.
  • Scalability: Sortly scales with your business, adapting to your growing inventory needs.

Who Can Benefit from Sortly?

  • Small Businesses: Ideal for startups, home-based businesses, and small retail shops that need a simple and affordable solution for inventory management.
  • Individuals: Sortly can be useful for personal inventory tracking, such as collectors, hobbyists, or those managing large personal item collections.
  • Businesses on the Go: The mobile app allows for easy inventory management from anywhere, perfect for field teams or businesses with remote locations.

Things to Consider:

  • Limited Features: Compared to more comprehensive inventory management software, Sortly may lack advanced functionalities like work order management, complex reporting, or in-depth analytics.
  • Free Plan Limitations: The free plan offers basic features with limited storage and user access. Upgrading to a paid plan unlocks more features and capabilities.
  • Focus on Simplicity: Sortly prioritizes user-friendliness and ease of use, which may come at the expense of some advanced functionalities needed by larger businesses with complex inventory needs.

Overall, Sortly is a user-friendly and affordable inventory management solution ideal for small businesses, individuals, and businesses that prioritize simplicity and mobile accessibility.

If you need a more robust system with advanced features for complex inventory workflows, other software options might be a better fit.