You know the drill Customers stop by your store and try to buy a product. They are pretty excited about this new pair of shoes, complete a few hours of research, and fork in a lot of money during the checkout process. The only problem behind the scenes is the lack of shoes in stock. Inventory management software can be the difference between losing a customer for a lifetime and retaining people for years.
Why? No one wants to come to your website and waste minutes or even hours, so consider items that aren’t available.
The same is true for the backend.
Inventory is the vitality of your store. If the item is unavailable, or if you fail to move the product through the appropriate logistics channel, you will run into problems with both current and future customers.
Inventory management software plays an active role there.
The best options are listed below. Some of them offer a complete sales and inventory suite, while others offer simpler and more compact inventory management tools.
What is inventory management software?
Warehouse management is often a time-consuming and tedious process for many business owners. However, well-featured software tools can help you deal with some headaches and the stress that inventory management can bring.
Whether you run an e-commerce website or not, brick and mortar stores, or supermarkets, always need a way to track inventory. These tools are a way to gain insight into every aspect of the product. In addition, tracking how your inventory moves can give you better insights into your customers and what they want from your business.
Inventory management software comes with many common features, including:
Barcode Scanner: Track and manage products
Inventory optimization: To ensure that customers always have the right amount of each product available
Inventory Notification: An alert that alerts you when a particular item is overstocked or out of stock according to a defined threshold.
Multi-location management: An option to manage a set of warehouses and point-of-sale systems at the same time.
Material grouping: Collect inventory into predefined categories so you can measure which products are most in demand.
Generate Report: View sales history, track the most popular products and manage items in inventory that don’t reach the expected sales level
Order Records: Keep track of the items in stock and the sources of those items.
Ultimately, your warehouse management tools allow you to track your products throughout your business supply chain, from sales orders to your specific business needs. Some software solutions also include integration capabilities that connect to offline barcode strategies, accounting systems, and more.
Best inventory management software
There is no one-size-fits-all solution The best inventory management solution . You will even find that you need to combine multiple tools, depending on what your inventory system needs.
Here are some of the most popular tools on the market to help you get started.
Inventory management software: Katana
Unlike most inventory management tools we’ve covered, Katana tends to focus on completely small manufacturers. It’s dynamic, online-based software that helps small and medium-sized factories manage their operations through overall inventory management and production scheduling and planning.
However, smart management of raw materials and finished goods is a key feature here. And to facilitate that, Katana puts together data on product recipes, sales and purchase orders, warehouse status, product operations, job orders, and materials through an intuitive dashboard, making all important processes convenient. We make it easy to track.
We especially recommend seamless migration between information spreadsheets and integration with many business platforms. For example, for online sales, Katana-like systems WooCommerce and Shopify. Second, if you need to track payment information, inventory, purchase orders, and accounting, QuickBooks and his Xero integration come in handy.
Katana provides companies with a great way to streamline production and sales without spending a fortune. Unfortunately, there is no free version of this software, but you can start a free trial. Prices start from about $ 99 per month.
- Great for billing, inventory, and production rationalization
- Good value for money
- Katana MRP is very easy to use
- A knowledge base is suitable for beginners
- Great support team
- Complicated for beginners
- Difficult to organize orders
Inventory Management Software: QuickBooks Commerce
The World QuickBooks Commerce Platform allows commerce brands to manage retail and wholesale operations and applications from a single central system. Its core capabilities and extensive app ecosystem provide enterprises with the ability to easily automate ordering workflows, improving operational efficiency and customer satisfaction. Helps manage multiple sales channels (including), Shopify, Amazon, WooCommerce, Wayfair, etc.), fulfillment locations, faster payments, creating private B2B e-commerce experiences for wholesale customers, across multiple channels Seamless automation of connections between systems.
Designed for operations, e-commerce, and supply chain professionals looking to automate their business, QuickBooks Commerce saves time from repetitive, low-level tasks that are prone to human error and inefficiencies. Release to. This allows you to spend more time building relationships with your customers and growing your business.
Great for QuickBooks Commerce SMEs, its founder’s plans start with $ 39 / month.
Prices for QuickBooks Commerce start at about $ 35 per month for a Founder package that comes with support for one user and 10 sales orders each month. You can also get a light version for $ 69 Monthly, Small Business for $ 169 Monthly, and Business for $ 459 / Month. The more you spend, the more features you get and the more users you can access. There are also premium options for users with more advanced needs, such as premium plans and enterprise plans.
- Great for businesses of all sizes
- Support for multiple sales channels
- Easy-to-use interface
- Great for supply chain professionals
- Good value for money
- Some issues with software bugs
- Customer support is not the best
Zoho Warehouse Management
Zoho Warehouse Management is one of the most famous tools on the market, XNUMX, designed to help companies grow sales and expand their business operations. Zoho Inventory not only helps you manage offline and orders, but it can also be integrated with other tools in your sales strategy.
You can do Zoho on Amazon, eBay, Shopify accounts, create purchase orders, manage direct deliveries, and more, all within one XNUMX application. In addition, there is end-to-end tracking of all items in inventory using the serial number feature and batch tracking. You can also choose from the integration of multiple deliveries to get your goods to your customers as soon as possible.
Zoho inventory also comes with advanced inventory management tools such as accounting software and access to asset management tools to help you make informed business decisions. If you are looking for a complete software solution for modern business owners, this may be it.
There is a free version of Zoho Inventory, but its functionality is very limited. The paid version starts at $ 49.00 and you can first test the feature with a free trial.
- Integrated with dedicated CRM
- Great for tracking inventory and customer experience
- Integration with various major tools
- Workflow tools for HR and marketing
- Easy-to-use interface
- Get viewer data for Amazon, eBay, and Shopify accounts
- Tutorials are not very useful
- Subscriptions are per user, not groups
Stock of fishbowl
When it comes to fishbowl inventory management, FIFO tools, and accounting systems, you may notwithe as familiar as Zoho Inventory or Quickbooks, but their popularity is growing rapidly. If you need an inventory management system that helps you track your inventory and assess your business needs, Fishbowl is for you.
Whatever you want to achieve in your business, Fishbowl is there to help with everything from drop shipping tracking, inventory data, barcodes, and other advanced features. What’s more, this powerful software also integrates with some of the most popular other tools on the market, so you can do more. For example, for Salesforce CRM, Quickbooks for accounting software, and ShipStation shipments.
Fishbowl covers everything from manufacturing tools with key work instructions and asset management insights to help small businesses grow, to asset tracking and warehousing. You can get real-time inventory updates, track items by lot number, and monitor asset levels in multiple locations at once.
The initial cost of inventory management for Fishbowl can seem a bit high, around $ 43,95. However, the license does not expire, so you don’t have to worry about renewing it monthly or yearly.
- Integrate with a variety of market-leading tools
- Support work instructions and asset management
- Great for reporting and tracking
- Real-time inventory updates
- Permanent subscription
- Expensive at first
- Little known
- There is no language other than English
Finally, make Stitch Lab life easier, whether you’re a small business or a business. It’s a comprehensive software solution designed to track everything from invoices to on-premises orders to inventories. It offers the same kind of simplicity that Quickbooks and Zoho users expect in a user-friendly interface. In addition, growing brands can use Stitch to flexibly sell their products and quickly see inventory levels across multiple channels.
The Software customizable experience is perfect for companies that want to creatively commercialize everything from undiscounted inventory items to loyalty programs. You have full control over your inventory system without the need for time-consuming tools.
Stitch features order management solutions, B2B wholesale management, purchase and replenishment capabilities, and detailed reporting and analysis. Whatever you need to understand how to sell online, Stitch Labs can help.
Stich Labs start at around $ 799 per month, which is one of the most expensive inventory management options. However, you have access to unlimited channels and users, and you get great support.
- Innovative predictive analytics and sales forecasts
- Automatic synchronization of sales channels
- Multi-channel and multi-user support
- Advanced search and easy-to-use interface
- Great customizable experience
- Expensive price structure
- Predictions are not always accurate