12 Best Inventory Management Software in 2024
By Eva Williams 14 days ago, Apps and Software
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With the best inventory management software you can not only maximize your business resource management but enhance its overall performance. It will help you streamline all basic processes to focus on more important and serious matters, without worrying about inventory management. By using the best services and applications, you can make your business as efficient as possible.
Top 12 Inventory Management Software
- Stitch Labs - Various useful options
- Zoho Inventory - Multichannel management
- TradeGecko - Multitasking
- DSers Stock Management - AliExpress official dropshipping partner
- Sellbrite - Overstock control
- Timly - Real-time inventory tracking
- ShipMonk - 60 useful integrations
- inFlow - Unlimited features free for 14 days
- Ordoro - Suitable for complex business systems
- Cin7 - Built-in webinars and manuals
- Orderhive - The best cloud storage
- Lightspeed POS - Perfect customer support
I’ve reviewed top 10 inventory software products on the market to tell you in detail about their advantages and disadvantages. With these inventory programs you can easily optimize your inventory management. You just need to use a whole set of useful functions offered by the developers. Once everything is systematized, further management will be performed faster.
1. Stitch Labs — Our Choice
- Centralization of sales
- Detailed informative reports
- History tracking
- Quality order management
- None
Verdict: Stitch Labs is an integrated multi-channel inventory tracking software. As it centralizes inventory and controls sales, purchases, as well as order data, the program is highly useful for commercial businesses. Due to in-depth reports on retail sales, you can view inventory, financial position and sales velocity. These reports come in handy for further evaluation.
Besides, this inventory management software renews sales channels, transfers inventory, tracks units at transit and inbound points. Stitch Labs provides you with purchase order management, cost allocation, low stock alerts. It can also be useful for photographers as an alternative to photography studio management software.
2. Zoho Inventory
- Inventory control
- Mobile access
- High-end analytics
- Product identification
- High-priced
Verdict: Zoho Inventory is one of the best inventory management software products for basic business operations. Due to the program, you can effectively control inventory, purchase orders, sales orders, as well as shipments. You’re getting a completely out-of-the-box AI-powered inventory management system that can be adjusted and adapted for any business needs.
Zoho Inventory also supports various digital marketing platforms and helps run sales on marketplaces like Amazon, eBay, Etsy or Shopify. The program has a special tracking system that helps manage the movement of every item from the warehouse to the point of sale.
3. TradeGecko
- Inventory automation
- Moving stocks across warehouses
- Synchronization of stocks and orders
- Generating orders
- Challenging for novices
Verdict: Being developed specifically for e-commerce, TradeGecko is thought to be a powerful multipurpose inventory control software choice with different tools helpful for your business. Besides, TradeGecko helps keep a balance between B2B, B2C and the marketplace. It generates sales orders, sets shipping rates and provides a great number of other functions.
Besides, TradeGecko provides users with convenient reporting for operation control. Due to built-in analytics, you can view inventory optimization performance and adapt it to your needs.
4. DSers Stock Management
- Your products and prices are under reliable control
- Automatic in-app notifications
- The inventory information is updated automatically
- The inventory information is updated automatically
- It is more complicated than some other apps
Verdict: DSers Stock Management makes it easy to keep track of the number of available products in your stock. Plus, it includes an option to use substitute suppliers if you're running out of any of your AliExpress products from regular providers.
You will be automatically notified when each AliExpress product is out of stock or unavailable. In this way, you can act appropriately straight away. Updated inventory information will immediately appear in the application and your online store. DSers also allows you to mark a product out-of-stock in your store automatically if it is not available on AliExpress. In case you are looking for a solution that integrates with major eCommerce platforms and comes with product research tools, you can take a look at other dropshipping software available on the market today.
5. Sellbrite
- Multichannel control
- Inventory automation
- Convenient warehouse control
- Useful reporting
- Certain setbacks may occur
Verdict: Sellbrite comes with inventory management tools that offer you complete control over your stock goods. One of the primary advantages of this software is the full protection against product resale. This platform was developed to help businesses maintain a balance between stocks, sales and orders.
The program is perfect for businesses with hundreds or even thousands of products. Sellbrite allows users to easily view and manage reserved, in-stock inventory and available products. Stock adjustments are made automatically, which reduces the amount of monotonous work, saving your time, costs and effort. Besides, the inventory system can be used in combination with one of the free personal document management software products.
6. Timly
- Automated notifications
- Cross-device accessibility
- Barcode and QR code integration
- Audit trail and history tracking
- Learning curve for advanced features
- Limited offline functionality
Verdict: The way I work has been just so revolutionized with this software by Timly. The QR codes being used in taking our real time updates, therefore, at any point in time and from anywhere, helped to monitor the stock level and never let it slip out of hand.
Of course, one of the most acclaimed features was automated notification. We had set up low stock levels and reorder alerts, which had ensured that we never had any disruption in the supply chain.
In addition, Timly had a good application of the analytics tools that provided insights from the data. Analysis of past data allowed us to make well-based decisions on stock management, in order to help optimize the level of inventory and reduce wastage.
7. ShipMonk
- Qualitative forecasting
- Integration with marketplaces
- Detailed analytics
- Multichannel management
- Some setbacks
Verdict: ShipMonk is an inventory management system that helps optimize e-commerce business. By using its tools, you can get access to SKUs, check stock levels, track orders, calculate shipping costs, export critical data, etc.
The multi-channel E-commerce inventory management software is an attractive service due to more than 60 integrations with popular marketplaces and services like Amazon, eBay, Etsy, Shopify, Cratejoy, Weebly, Target, Walmart, etc. By the way, you can always increase your chance to sell the product by using the tutorial on Amazon product photography. Besides, ShipMonk generates high-quality reporting on inventory optimization, which allows you to take timely action.
8. inFlow
- Mobile accessibility
- Real-time tracking
- Barcoding and labeling features
- Free trial and money-back guarantee
- Cost consideration
- Limited manufacturing features
Verdict: inFlow has simply changed the way I have been doing business in regards to business operations. I have over a thousand items distributed in thirty-two stores. The software has not only simplified but also shortened the entire process of purchasing and invoicing between myself and the customers. Showrooming goes a long way in assisting the customer help make a visual assessment, so they make a purchase for that matter.
This makes inFlow unique in the easiness of the interface and constant updates, like SKU management and control, the inventory in several locations, integration of the system with other third party services, and the availing of anyone the prior knowledge of what the stock situation is. The possibility to place reorder points is to get timely necessary notifications.
It illustrates real-time tracking of stocks and gives a 360-degree view not just over the offices but across a good number. This type of transparency has come in so handy for those who have an organized and efficient inventory system. It also shows the transfer, picking, receiving, and adjusting of stocks through the barcode and label design.
Verdict: Since Ordoro is a cloud-based inventory tracking system that allows users to get fast access to their private suits without downloading or installing the app. POS-integration offers simple back-office management for better inventory control, so you can sell your goods or services anywhere and anytime.
Automatic delivery management is one of the most useful tools offered by the software. Ordoro also gives you the ability to accept sales orders that include multiple products and separate the supplied items from the general stock.
10. Cin7
- A great number of training materials
- POS sync
- Multichannel control
- Convenient online sales
- Individual price calculation
Verdict: Cin7 is one of the best inventory management software solutions that integrates online sales channels, POS systems, warehouses, electronic data interchange (EDI) and third-party logistics (3PL) to create a complex business system.
It’s perfect for businesses of all sizes, from self-employed freelancers and start-ups to small/medium-sized companies and large enterprises. With its help, you can control stocks, track sales and determine the demand for goods or services.
One of the best features of this inventory management system is its extensive knowledge base, which includes expert articles and videos that help users master all the tools. The only disadvantage is the individual calculation of the price, which often turns out to be rather high.
11. Orderhive
- Fast data import
- Tracks up to 300 orders
- Centralized management
- Reporting and analytics
- Too expensive
Verdict: Orderhive is a smart inventory management program that is ideal for small, medium-sized and large businesses. The program will automatically import products, services, customers and orders from your store into the system in just a few seconds. You can combine all your inventory, shipping, accounting, payments and CRM processes in one perpetual inventory system.
Due to detailed real-time analytics, you can make the necessary improvements and maximize the performance of your store. Thanks to the convenient and centralized management, you can ensure fast and efficient processing and delivery of customer orders without delays.
12. Lightspeed POS
- Constant upgrades
- Inventory analytics
- Control over shares
- Some setbacks
- Challenging for novices
Verdict: Lightspeed POS is an all-in-one warehouse inventory management software solution that’s truly useful for growing businesses. This system allows you to control your inventory, leftover goods and sales, as well as keep track of promotions and discounts.
Lightspeed POS creates profiles for all customers, where it stores their purchase history and preferences. The program provides users with 24/7 support through webinars, consultations, assistance and helpful guides.
