Top 10 Inventory Management Software One Should Know of in 2021
Best inventory management software to know of in 2021
Inventory management software is a software system for tracking inventory levels, orders, sales, and deliveries.It can also be used in the manufacturing industry to create a work order, bill of materials, and other production-related documents. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or spreadsheets.
Orderhive is an eCommerce Automation Software that allows people to manage their Inventory, Orders, Shipping, and all other eCommerce operations automatically. It comes with a promise to raise the bar for every eCommerce operation with an ultra-modern design, easy-to-use interface, robust features, and seamless integrations with marketplaces, shopping carts, shipping carriers, and accounting software in a unified business tool. It streamlines and automates back-end processes and maintains a real-time inventory tracking system.
Vendhq is a powerful point-of-sale software designed to help retailers in retail and inventory management. This cloud-based tool was built to run mainly on iPad and is popular for its flexibility and ease of use. Mainly targeted for small businesses, this software is easy to be integrated with existing business systems, i.e., equipment and hardware like barcode scanners, receipt printers, etc. The software solution works for online businesses as well for in-store and is known for customer loyalty, eCommerce, and robust equipment support. It has impressive inventory management capabilities and a single console to add product variants of diverse nature. Its central product catalogue maintains for products sold in different catalogues and its centralized data management allows robust and customized reporting. This software supports only English and no other language and the device constraints don’t work on Linux, Android, and Windows Mobile.
Zoho Inventory is a standalone online Inventory management software that helps a business track its stock levels and manage both online and offline orders across multiple channels. The features and options of Zoho are suitable for Retail or Trading businesses, but not for a manufacturer setting. Further, this affordable tool is more suited for small to medium-sized businesses. The intuitive UI of Zoho is very easy to use and doesn’t require an accountant or a professional inventory manager to work on the software. The inventory control software integrates across multiple eCommerce channels like Amazon, eBay, Shopify, etc., and provides real-time updates. Zoho Inventory’s pricing is affordable, ranging from 0 to $199/month (for an annual subscription). If paid monthly, the cost can go up to $249/month. This software is free for small businesses with less than 20 orders per month.
Cin7 is an all-in-one integrated platform that includes the automated point-of-sale package. Electronic Data Interchange (EDI) for B2B exchange of documents between business partners, inventory management, and third-party logistics support. Further, the system integration with more than 100 third-party applications and all the features to run the business can be available in one single platform. The state-of-the-art features offered by Cin7 allow people to manage inventories across multiple markets and lets them efficiently sell and distribute the products.
The enterprise version pieces together financial accounting, customer relationship management (CRM), Enterprise Resource Planning (ERP), and complex Inventory Management. Each aspect is available as a separate module, and there are more modules to choose from to seamlessly integrate functionalities across these multiple areas. Particularly regarding Inventory management solutions, SAP’s Business One Professional works well across many verticals including supply, sales, production, and warehousing, and hence is applicable for a wide variety of organizations.
This hybrid manufacturing and warehouse management solution is a design, particularly for small and medium-sized businesses. This powerful software offers inventory control to help manage business across multiple warehouses. Key features of this software include material requirement planning (MRP), work order management, real-time tracking of shipments and product levels, inventory requirement predictions, etc. The software also allows for automatic reordering of products through reorder points set for each item in the warehouse.
Brightpearl is an all-in-one platform that combines sales and inventory accounting across multiple channels. Real-time reporting is available with all the orders, inventory, and customer data being available in one place. Retailers can use this tool to analyze customer buying behaviour, measure profitability at the most granular level, and optimize cash flow across the vertical operations of the business.
Intuit’s popular accounting software solution engages worldwide businesses of varying sizes and even freelance bookkeepers. The software solves the purpose of simplifying accounting and streamlining financial management. Features offered by the Quickbooks suite include expense tracking, tax calculation, invoice management, and sales reporting. Advanced Inventory Management is one of the widely used modules of QuickBooks Desktop Enterprise. Ranging from material movement to tracking storage and product levels, Quickbook’s Inventory Management solutions provide full visibility and enable complete control over inventory.
EZ Office Inventory is a leading asset lifecycle tracking system that offers a complete asset management solution right from the point of procurement and through retirement. The tool also comes bundled with easy depreciation management and custom reports that enable companies to make data-driven business decisions and always stay optimized with the use of the company’s assets. The native mobile app supported with RFID, Barcode, and QR scanner allows easy tracking, maintaining, and reporting on equipment anytime and from anywhere.
Ordoro makes multichannel selling easier. With Ordoro, people can create master products within their inventory system, allowing them to update descriptions, images, branding, and more across all of their sales channels at their discretion. Ordoro also offers vendor management features that make dropshipping easier. For instance, people can assign vendors to specific products in their catalogues. Then, anytime a customer orders those items, Ordoro can automatically send the order to the appropriate vendor, thereby cutting out the middleman, maximizing supply chain efficiency, and also ensuring that the customers get their items as quickly as possible.