Effective inventory management is essential for businesses of all sizes, from small startups to large corporations.
With proper inventory management, businesses can avoid losing sales due to stockouts or overstocking, which can lead to increased storage costs and reduced profits. Fortunately, the advancement of technology has led to the development of various software tools that can help businesses manage their inventory more effectively.
These inventory management tools offer features such as real-time inventory tracking, order management, and reporting, providing businesses with a comprehensive view of their inventory levels, sales, and orders. With the help of these tools, businesses can optimise their inventory management processes, reduce the risk of stockouts and overstocking, and ultimately improve their bottom line.
In this week’s edition of Tech Tuesday, we will take a closer look at the top 10 inventory management software tools for businesses, including their features, pricing, and benefits, to help you choose the right tool for your business needs.
TradeGecko
This cloud-based inventory management system is designed to help businesses manage their inventory across multiple channels. It offers features such as inventory tracking, order management, and reporting. TradeGecko also offers integrations with various eCommerce platforms and marketplaces, making managing inventory across different channels easy. It is suited for businesses of all sizes and industries.
Pricing: Offers a 14-day free trial. Pricing starts at $39/month for the Basic plan, which includes inventory management, order management, and reporting. The Business plan costs $99/month and includes additional features such as multi-currency support and sales channels integration.
Zoho Inventory
This web-based inventory management system is designed to help businesses manage their inventory across multiple channels. It offers features such as multi-channel selling, order tracking, and real-time updates. Zoho Inventory also offers integrations with various eCommerce platforms and marketplaces, making it easy to manage inventory across different channels. It is suited for businesses of all sizes and industries.
Pricing: Offers a free plan for up to 20 online orders per month. Pricing starts at $29/month for the Basic plan, which includes inventory management, order management, and multi-channel selling. The Professional plan costs $79/month and includes additional features such as serial number tracking and batch tracking.
Fishbowl Inventory
This desktop-based inventory management system is designed to help businesses manage their inventory across multiple warehouses. It offers inventory tracking, order management, and barcode scanning features. Fishbowl Inventory also offers integrations with various eCommerce platforms and marketplaces, making managing inventory across different channels easy. It is suited for businesses of all sizes and industries.
Pricing: Pricing starts at $4,395 for a one-time license fee, which includes inventory tracking, order management, and barcode scanning. Additional modules, such as manufacturing and e-commerce integration, are available for an additional cost.
QuickBooks Enterprise
This accounting software includes inventory management features such as inventory tracking, sales order management, and reporting. QuickBooks Enterprise is designed to help businesses manage their finances and inventory in one place. It is suited for businesses of all sizes and industries.
Pricing: Pricing starts at $1,100/year for the Silver plan, which includes inventory management, sales order management, and reporting. The Gold and Platinum plans offer additional features such as advanced inventory and pricing.
Cin7
This cloud-based inventory management system is designed to help businesses manage their inventory across multiple channels. It offers features such as inventory tracking, order management, and reporting. Cin7 also offers integrations with various eCommerce platforms and marketplaces, making it easy to manage inventory across different channels. It is suited for businesses of all sizes and industries.
Pricing: Offers a 14-day free trial. Pricing starts at $299/month for the Startup plan, which includes inventory management, order management, and reporting. The Professional plan costs $599/month and includes additional features such as B2B eCommerce and EDI integrations.
SkuVault
This cloud-based inventory management system is designed to help businesses manage their inventory across multiple channels. It offers features such as inventory tracking, order management, and reporting. SkuVault also offers integrations with various eCommerce platforms and marketplaces, making managing inventory across different channels easy. It is suited for businesses of all sizes and industries.
Pricing: Offers a free demo. Pricing is customized based on the user’s specific needs and the number of SKUs managed.
Odoo
This open-source ERP system includes inventory management features such as inventory tracking, purchase order management, and reporting. Odoo is designed to help businesses manage their operations and inventory in one place. It is suited for businesses of all sizes and industries.
Pricing: Offers a free Community version and a paid Enterprise version. Pricing for the Enterprise version starts at $24/user/month and includes inventory management, purchase order management, and reporting.
DEAR Inventory
This cloud-based inventory management system is designed to help businesses manage their inventory across multiple channels. It offers features such as inventory tracking, order management, and reporting. DEAR Inventory also offers integrations with various eCommerce platforms and marketplaces, making managing inventory across different channels easy. It is suited for businesses of all sizes and industries.
Pricing: Offers a 14-day free trial. Pricing starts at $249/month for the Starter plan, which includes inventory management, order management, and reporting. The Professional plan costs $599/month and includes additional features such as B2B eCommerce and advanced reporting.
Square Inventory
Square Inventory is a cloud-based inventory management system that is designed to help small and medium-sized businesses manage their inventory more efficiently. With Square Inventory, businesses can easily track their stock levels, set up reorder points, and receive alerts when stock is running low. The software also allows businesses to manage multiple locations, track sales and inventory in real time, and generate reports to gain insights into their inventory management processes.
Pricing: The Plus plan costs $60 per month and includes additional features such as multi-location support, purchase order management, and stock transfers. The Premium plan costs $299 per month and includes all the features of the Plus plan, as well as advanced inventory features such as batch tracking, serialised inventory tracking, and custom stock alerts.
inFlow Inventory
This desktop-based inventory management system is designed to help businesses manage their inventory across multiple locations. It offers features such as inventory tracking, order management, and reporting. inFlow Inventory is suited for businesses of all sizes and industries.
Pricing: Offers a free plan for up to 100 products. Pricing starts at $71/month for the Essentials plan, which includes inventory management, order management, and reporting. The Advanced plan costs $179/month and includes additional features such as barcode scanning and custom pricing.
Dynamic Business cannot access current pricing information on all products and services. The pricing for these solutions can vary depending on various factors, such as the deployment model, licensing options, and specific features required. To obtain up-to-date pricing information, it is recommended that you visit specific websites or contact their sales team directly.
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