Effective inventory management is crucial for businesses of all sizes, as it helps maintain an optimal balance between having enough stock to fulfill customer demands and avoiding excess inventory that can lead to increased costs and waste. Proper inventory management ensures that your business operates efficiently, minimizing storage costs, reducing the risk of stockouts, and improving customer satisfaction.

Benefits of using Inventory Management Software

Inventory management software automates the process of tracking stock levels, orders, sales, and deliveries. It helps businesses maintain accurate inventory records, streamline order processing, and improve warehouse efficiency. These tools also offer robust reporting and analytics capabilities, allowing you to make data-driven decisions for better inventory management.

What to look for when selecting an Inventory Management Software

When choosing an inventory management software, consider factors such as ease of use, integration with other systems, scalability, cost, and the availability of customer support. Look for a solution that aligns with your business needs and offers features that address your specific challenges, such as multi-location management, barcode scanning, and demand forecasting.

Why You Should Trust Our article on the Best Inventory Management Software

Our article is based on thorough research and evaluation of various inventory management software solutions available in the market.

We’ve carefully looked at third party ratings, reviews and industry reports for each tool as well as personally assessed several of the software’s features, pricing, ease of use, and customer reviews to provide you with an unbiased and comprehensive overview of the best options for your business.

#1. Zoho Inventory

Zoho Inventory is a cloud-based inventory management solution designed for small and medium-sized businesses. Part of the Zoho suite of business applications, it offers seamless integration with other Zoho products, such as Zoho CRM and Zoho Books, making it a comprehensive tool for managing your business operations.

Key features

Zoho Inventory offers a wide range of features, including multi-channel order management, real-time inventory tracking, barcode scanning, and automated order fulfillment. The software also provides powerful reporting and analytics, allowing you to monitor sales trends, identify fast-moving products, and optimize your inventory levels.

Pricing

Zoho Inventory offers a free plan with basic features for small businesses, while its paid plans start at $49 per month. The paid plans offer advanced features such as batch tracking, serial number tracking, and integrations with popular e-commerce platforms like Shopify and Amazon.

Ideal user base

Zoho Inventory is best suited for small and medium-sized businesses that require a scalable and feature-rich inventory management solution. It is particularly beneficial for companies already using other Zoho products, as it offers seamless integration and data sharing across the Zoho ecosystem.

#2. Fishbowl Inventory

Fishbowl Inventory is a powerful inventory management software designed for small to medium-sized businesses, particularly those in the manufacturing and wholesale industries. It offers robust inventory control, order management, and manufacturing capabilities, helping businesses streamline their operations and improve efficiency.

Key features

Fishbowl Inventory’s key features include advanced inventory tracking, multi-location management, barcode scanning, and lot/serial number tracking. The software also offers manufacturing modules, such as bill of materials, work orders, and production stages, making it a comprehensive solution for businesses that manufacture and sell products.

Advanced Inventory Tracking: Fishbowl Inventory allows users to track their inventory with a high level of granularity using barcodes, serial numbers, and lot numbers. This enables businesses to maintain accurate records of their stock and simplifies the process of locating specific items when needed.
Multilocation Support: Fishbowl Inventory supports multiple warehouse locations, allowing users to manage inventory across various sites seamlessly. This feature is particularly useful for businesses with multiple distribution centers or retail locations.
Manufacturing and Assembly: Fishbowl Inventory provides tools for managing manufacturing processes, including work orders, bills of materials, and production stages. This functionality helps businesses maintain control over their production processes and ensures accurate tracking of raw materials and finished goods.
Integrations: Fishbowl Inventory integrates with popular accounting software like QuickBooks, ensuring a seamless flow of data between inventory management and financial systems. This helps businesses maintain accurate financial records and reduces the risk of errors in data entry.

Pricing

Fishbowl Inventory pricing starts at $4,395 for a one-time purchase, which includes one year of software updates and support. Additional user licenses and ongoing support can be purchased separately.

Ideal user base

Fishbowl Inventory is best suited for small to medium-sized businesses in the manufacturing and wholesale industries that require advanced inventory and manufacturing management capabilities.

#3. Cin7

Cin7 is an all-in-one inventory management platform that helps businesses streamline their supply chain processes, from inventory control to order management and fulfillment. Designed for small to medium-sized businesses, Cin7 offers a range of features to help you manage inventory across multiple locations and sales channels.

Key features

Cin7’s key features include real-time inventory tracking, multi-channel order management, warehouse management, and demand forecasting. The software also offers integrations with popular e-commerce platforms, such as Shopify, Magento, and Amazon, allowing you to manage your online sales seamlessly.

Order Management: Cin7 simplifies order processing with its intuitive order management system, allowing businesses to manage sales orders, purchase orders, and even drop shipping orders from a single interface. Users can easily track order statuses and view a comprehensive history of all transactions.
Inventory Forecasting: Cin7 offers powerful inventory forecasting tools that help businesses predict demand and plan for future stock requirements. This feature takes into account historical sales data, seasonal trends, and other relevant factors, enabling businesses to optimize inventory levels and minimize stockouts.
Warehouse Management: Cin7’s warehouse management features enable businesses to manage multiple warehouse locations and optimize their inventory storage and handling processes. Users can create custom warehouse layouts, track inventory in real-time, and streamline picking and packing processes.
B2B eCommerce: Cin7 includes a built-in B2B eCommerce platform, allowing businesses to sell directly to their wholesale customers. Users can create custom price lists, manage customer-specific discounts, and automate order processing.

Pricing

Cin7 offers customized pricing based on the specific needs of your business, with plans starting at $299 per month. Contact their sales team for a personalized quote based on your requirements.

Ideal user base

Cin7 is an excellent choice for small to medium-sized businesses that require a comprehensive inventory management solution to manage their supply chain and sales processes across multiple channels and locations.

#4. TradeGecko (QuickBooks Commerce)

TradeGecko, now rebranded as QuickBooks Commerce, is a cloud-based inventory and order management software designed for small to medium-sized businesses. Part of the QuickBooks ecosystem, it offers seamless integration with other QuickBooks products and a range of third-party applications.

Key features

QuickBooks Commerce provides features such as real-time inventory tracking, multi-location management, automated order fulfillment, and advanced reporting. The software also includes integrations with popular e-commerce platforms and shipping providers, streamlining your order processing and fulfillment workflows.

Pricing

QuickBooks Commerce offers a range of pricing plans to suit different business needs, starting at $39 per month. Each plan includes a set number of orders and users, with additional orders and users available for an extra cost.

Ideal user base

QuickBooks Commerce is a suitable choice for small to medium-sized businesses that require a scalable and user-friendly inventory management solution, particularly those already using other QuickBooks products.

#5. Orderhive

Orderhive is a cloud-based inventory and order management software designed for e-commerce businesses of all sizes. It offers a comprehensive set of features to help you manage your inventory, orders, and shipping processes efficiently.

Key features

Orderhive’s key features include real-time inventory tracking, multi-channel order management, automated order fulfillment, and shipping label generation. The software also integrates with popular e-commerce platforms, marketplaces, and shipping providers, making it easy to manage your online sales and fulfillments.

Centralized Inventory Management: Orderhive enables businesses to manage their inventory across multiple sales channels and warehouse locations from a single platform. This ensures a consistent and accurate view of stock levels and allows users to make informed decisions about inventory replenishment.
Order Automation: Orderhive’s order automation features allow users to streamline their order processing workflows. Businesses can set up custom rules to automatically assign orders to specific warehouses, update inventory levels, and generate shipping labels.
Shipping Management: Orderhive supports integrations with popular shipping carriers, enabling businesses to manage their shipping processes more efficiently. Users can compare shipping rates, generate labels, and track shipments all from within the Orderhive platform.
Analytics and Reporting: Orderhive provides in-depth analytics and reporting capabilities, giving businesses valuable insights into their inventory and sales performance. Users can generate custom reports on various metrics, including stock levels, sales trends, and order fulfillment times.

Pricing

Orderhive offers a range of pricing plans, starting at $49.99 per month for the Starter plan. Each plan includes a set number of orders, users, and integrations, with additional options available for an extra cost.

Ideal user base

Orderhive is an ideal solution for e-commerce businesses of all sizes that need a robust and scalable inventory management software to manage their online sales and order fulfillment processes.

#6. inFlow Inventory

inFlow Inventory is a comprehensive inventory management software designed for small to medium-sized businesses across various industries. With its user-friendly interface and extensive feature set, inFlow Inventory helps businesses streamline their inventory and order management processes.

Key features

inFlow Inventory offers features such as real-time inventory tracking, barcode scanning, multi-location management, and customizable reporting. The software also supports integrations with popular accounting and e-commerce platforms, allowing you to manage your entire business operations from a single platform.

Product Management: inFlow Inventory allows users to manage all aspects of their product catalog, including product descriptions, images, pricing, and inventory levels. Users can also create custom product categories and track inventory by serial number or batch.
Barcode Scanning: inFlow Inventory supports barcode scanning, allowing businesses to streamline their inventory tracking and order fulfillment processes. Users can easily scan products to update stock levels, locate items within their warehouse, and complete sales transactions more efficiently.
Purchase Order Management: inFlow Inventory simplifies the process of creating and managing purchase orders. Users can generate purchase orders based on low stock alerts, track the status of their orders, and automatically update inventory levels upon receipt of goods.
Reporting and Analytics: inFlow Inventory provides a wide range of reporting and analytics features, enabling businesses to gain valuable insights into their inventory and sales performance. Users can generate custom reports on key metrics such as stock levels, sales trends, and supplier performance, helping them make informed decisions about inventory management and procurement.

Pricing

inFlow Inventory offers a free plan with limited features, while paid plans start at $71 per month. The paid plans offer advanced features, such as batch tracking, serial number tracking, and integrations with popular e-commerce platforms.

Ideal user base

inFlow Inventory is best suited for small to medium-sized businesses that require a user-friendly and feature-rich inventory management solution to improve their inventory and order management processes.

#7. Unleashed Software

Unleashed Software is a cloud-based inventory management solution designed for businesses in the manufacturing, wholesale, and distribution industries. It offers a range of features to help you manage your inventory, production, and sales processes efficiently.

Key features

Unleashed Software’s key features include real-time inventory tracking, multi-location management, bill of materials, production planning, and demand forecasting. The software also integrates with popular accounting and e-commerce platforms, streamlining your business operations.

Pricing

Unleashed Software offers three pricing plans, starting at $259 per month for the Small Business plan. Each plan includes a set number of users, with additional users available for an extra cost.

Ideal user base

Unleashed Software is an excellent choice for businesses in the manufacturing, wholesale, and distribution industries that require a comprehensive inventory management solution to manage their supply chain and sales processes efficiently.

#8. DEAR Inventory

DEAR Inventory is a cloud-based inventory management software designed for small to medium-sized businesses, offering a wide range of features to help you manage your inventory, orders, and production processes.

Key features

DEAR Inventory provides features such as real-time inventory tracking, multi-location management, barcode scanning, and lot/serial number tracking. The software also offers manufacturing modules, including bill of materials, work orders, and production stages. Additionally, DEAR Inventory integrates with popular e-commerce platforms and accounting systems, simplifying your business operations.

Pricing

DEAR Inventory offers a range of pricing plans, starting at $249 per month for the Starter plan. Each plan includes a set number of users and orders, with additional options available for an extra cost.

Ideal user base

DEAR Inventory is best suited for small to medium-sized businesses that require advanced inventory and manufacturing management capabilities to streamline their operations.

#9. Finale Inventory

Finale Inventory is a cloud-based inventory management software designed for businesses across various industries, including retail, e-commerce, and wholesale. It offers a comprehensive set of features to help you manage your inventory and order processes effectively.

Key features

Finale Inventory’s key features include real-time inventory tracking, barcode scanning, multi-location management, and demand forecasting. The software also supports integrations with popular e-commerce platforms, marketplaces, and shipping providers, making it easy to manage your online sales and fulfillments.

Multi-Channel Inventory Management: Finale Inventory allows businesses to manage their inventory across multiple sales channels, including online marketplaces, brick-and-mortar stores, and B2B sales. This ensures a consistent view of inventory levels across all channels and helps prevent stockouts and overstocking.
Lot and Serial Number Tracking: Finale Inventory supports lot and serial number tracking, enabling businesses to maintain accurate records of their inventory and comply with industry-specific regulations. This feature is particularly useful for businesses in industries such as food and beverage, pharmaceuticals, and electronics.
Reorder Point Management: Finale Inventory’s reorder point management feature helps businesses maintain optimal stock levels by automatically calculating reorder points based on historical sales data and lead times. Users can set custom reorder points for individual products, ensuring that they always have the right amount of stock on hand.
Integrations: Finale Inventory integrates with popular e-commerce platforms, shipping carriers, and accounting software, allowing businesses to streamline their inventory management processes and maintain accurate financial records. Some of the key integrations include Shopify, Amazon, eBay, QuickBooks, and ShipStation.

Pricing

Finale Inventory offers a range of pricing plans, starting at $99 per month for the Bronze plan. Each plan includes a set number of orders, users, and integrations, with additional options available for an extra cost.

Ideal user base

Finale Inventory is an ideal solution for businesses of all sizes that require a flexible and feature-rich inventory management software to manage their inventory and order processes efficiently.

#10. Veeqo

Veeqo is a cloud-based inventory and order management platform designed for e-commerce businesses, helping them manage their inventory, orders, and shipping processes across multiple sales channels.

Key features

Veeqo’s key features include real-time inventory tracking, multi-channel order management, shipping label generation, and integrations with popular e-commerce platforms and marketplaces. The software also offers advanced reporting and analytics, allowing you to monitor sales trends and optimize your inventory levels.

Pricing

Veeqo offers customized pricing based on the specific needs of your business. Contact their sales team for a personalized quote based on your requirements.

Ideal user base

Veeqo is an excellent choice for e-commerce businesses of all sizes that require a comprehensive inventory and order management solution to manage their online sales and fulfillments efficiently.

#11. Megaventory

Megaventory is a cloud-based inventory management software designed for small to medium-sized businesses, offering a range of features to help you manage your inventory, orders, and manufacturing processes.

Key features

Megaventory’s key features include real-time inventory tracking, multi-location management, barcode scanning, and order management. The software also offers manufacturing modules, such as bill of materials and work orders, making it a comprehensive solution for businesses that manufacture and sell products.

Pricing

Megaventory offers a range of pricing plans, starting at $150 per month for the Startup plan. Each plan includes a set number of users, with additional users available for an extra cost.

Ideal user base

Megaventory is best suited for small to medium-sized businesses that require a scalable and user-friendly inventory management solution, particularly those in the manufacturing sector.

#12. Ecomdash

Ecomdash is a cloud-based inventory and order management software designed specifically for e-commerce businesses. It helps businesses manage their inventory, orders, and shipping processes across multiple sales channels and platforms.

Key features

Ecomdash’s key features include real-time inventory tracking, multi-channel order management, shipping label generation, and integrations with popular e-commerce platforms, marketplaces, and shipping providers. The software also offers advanced reporting and analytics, allowing you to monitor sales trends and optimize your inventory levels.

Pricing

Ecomdash offers a range of pricing plans, starting at $60 per month for the Basic plan. Each plan includes a set number of orders, with additional orders available for an extra cost.

Ideal user base

Ecomdash is an ideal solution for e-commerce businesses of all sizes that require a robust and scalable inventory management software to manage their online sales and order fulfillment processes.

#13. SkuVault

SkuVault is a cloud-based inventory and warehouse management software designed for e-commerce businesses. It offers a range of features to help you manage your inventory, orders, and shipping processes across multiple sales channels.

Key features

SkuVault’s key features include real-time inventory tracking, multi-location management, barcode scanning, and integrations with popular e-commerce platforms and marketplaces. The software also offers advanced reporting and analytics, allowing you to monitor sales trends and optimize your inventory levels.

Pricing

SkuVault offers customized pricing based on the specific needs of your business. Contact their sales team for a personalized quote based on your requirements.

Ideal user base

SkuVault is an excellent choice for e-commerce businesses of all sizes that require a comprehensive inventory and warehouse management solution to manage their online sales and fulfillments efficiently.

#14. Stitch Labs

Stitch Labs is a cloud-based inventory and order management software designed for growing businesses. It offers a comprehensive set of features to help you manage your inventory, orders, and shipping processes across multiple sales channels.

Key features

Stitch Labs’ key features include real-time inventory tracking, multi-channel order management, demand forecasting, and integrations with popular e-commerce platforms, marketplaces, and shipping providers. The software also offers advanced reporting and analytics, allowing you to monitor sales trends and optimize your inventory levels.

Pricing

Stitch Labs offers customized pricing based on the specific needs of your business. Contact their sales team for a personalized quote based on your requirements.

Ideal user base

Stitch Labs is an ideal solution for growing businesses that require a scalable and feature-rich inventory management software to manage their inventory and order processes efficiently.

#15. Ordoro

Ordoro is a cloud-based inventory and order management software designed for e-commerce businesses. It offers a range of features to help you manage your inventory, orders, and shipping processes across multiple sales channels.

Key features

Ordoro’s key features include real-time inventory tracking, multi-channel order management, shipping label generation, and integrations with popular e-commerce platforms, marketplaces, and shipping providers. The software also offers advanced reporting and analytics, allowing you to monitor sales trends and optimize your inventory levels.

Pricing

Ordoro offers a range of pricing plans, starting at $59 per month for the Express plan. Each plan includes a set number of orders, with additional orders available for an extra cost.

Ideal user base

Ordoro is an ideal solution for e-commerce businesses of all sizes that require a robust and scalable inventory management software to manage their online sales and order fulfillment processes.

Wrapping it up

Now that you have some choices with regard to the top inventory management software in mind, to improve your inventory management process, start by identifying areas that need improvement. Next, look among these inventory management solutions to find the one that is geared towards your business needs and budget the most. Finally, implement the chosen software and train your team to ensure a smooth transition.

If you need help choosing the right inventory management software or want a consultation on growing your business, consider setting up a meeting with WinSavvy. We would love to discuss the best possible steps that you could take in order to grow your business.

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