Are you curious about ecommerce software with inventory management or about e commerce management software? You are not alone. My goal here is to help you understand ecommerce software and its concepts by making your journey through this article smooth, painless and engaging. I am confident that after reading this article you’ll get an answer to even the most complicated questions on your mind.
Ecommerce software with inventory management is a great ecommerce software! There are so many best ecommerce inventory management software that don’t have inventory management built into their systems. This post will give you an overview of what inventory management programs are best for your online store. I’ll also recommend some of the best ecommerce software with inventory management.
eCommerce software is the heart of your ecommerce business. It is what powers your online store and provides you with a range of tools to help you run your online business. There are several options out there, and if you’re still undecided which ecommerce software to use, you’ve come to the right place.
eCommerce software is the heart of your ecommerce business. It is what powers your online store and provides you with a range of tools to help you run your online business. There are several options out there, and if you’re still undecided which ecommerce software to use, you’ve come to the right place.
What is Inventory Management Software?
Inventory management is often a time-consuming and tedious process for many business owners. However, a software tool with the right features can help you to deal with some of the headaches and stress that inventory management can bring.
Whether you’re running an ecommerce website, a brick and mortar store, or a supermarket, you’re always going to need a way to keep track of your inventory. These tools are how you get an insight into every aspect of your products. What’s more, tracking the way that your inventory moves can also give you a better insight into your customers and what they want from your business too.
Inventory management software can come with a lot of common features, including:
- Barcode scanners: To track and manage your products
- Inventory optimization: To ensure that you always have the right amount of each product available for your customers
- Stock notifications: Alerts that warn you when you’re over or under-stocking on a specific item according to defined thresholds.
- Multi-location management: The option to manage a range of warehouses and point of sale systems at once.
- Material grouping: Collect inventory into predefined categories so you can measure which products are most in demand.
- Report generation: View a history of your sales, track your most popular product, and manage the items in your inventory that don’t reach expected sales levels
- Purchase order records: Keep track of the items that you’re stocking, and where you’re getting those products from.
Ultimately, inventory management tools will allow you to track the goods across your business supply chain, so you can track everything from your sales orders, to your unique business needs. Some software solutions even come with integrations that connect to your offline barcoding strategy, your accounting system, and more.
NetSuite
NetSuite is an all-in-one business solution to help you with inventory management, accounting, and marketing. NetSuite is helpful for businesses of all shapes and sizes.
Think of it as a cloud-based inventory system that brings together the back-office and financial processes on a single dashboard.
NetSuite was acquired by Oracle in 2016, so it has the resources of a billion-dollar company behind it.
Features
- Multilingual support
- Revenue recognition
- Built-in business intelligence
- Retail inventory management
- Over 350 integrations
- Global support
- Kitting
- Forecasting
- Production identification
- Multi-warehouse support
- Integrated POS
- Order management
- Supply chain management
- Fully responsive
- Multi-currency feature available
- Dropshipping option
- Tax compliant
Price
Pricing starts at $99/month. Alternatively, you can sign up for a free Netsuite ERP demo on their website.
Zoho Inventory
The only reason Zoho Inventory is in the second position is because of some extras NetSuite has to offer like forecasting. Putting that aside, Zoho Inventory is the best inventory management software in the marketplace.
Zoho Inventory is tightly integrated with other apps in the suite. You can use this software for both inventory tracking as well as creating sales orders and invoices.
Zoho Inventory also has a built-in integration for WooCommerce.
Features
- Multi-channel support for Amazon, eBay, Etsy, Shopify, and more
- Inventory reports
- Order fulfillment with integrations for 40+ shipping carriers
- Calculate real-time shipping rates and print labels
- Multilingual and multi-currency
- Backorders available
- Invoicing and billing available
- Multiple store integration
- CRM software
- Dropshipping option
- Android/iOS support
- Free setup assistance
Price
Zoho Inventory has scalable pricing options. Their plans are solely based on usage limits for limits such as:
- Online orders per month
- Offline orders per month
- Shipping labels per month
- Shipment trackings per month
- Warehouses
- Users
This means you only pay for the features you want depending on your business size.
The four plans are:
- Free – $0
- Basic – $49
- Standard – $99
- Professional – $249
You can also use Zoho add-ons for adding to your usage limits.
Unleashed
It provides good and real-time insights into the entire inventory and uses business intelligence to help your business keep a track of stocks and do the real-time analysis of your entire stock-flow and help you resolve any concerns related to inventory management.
Cin7
Cin7 effortlessly syncs online deal channels, frameworks, and third-party integrative to offer a comprehensive stock interface. This mechanized stock stage syncs the physical and online channels to make a more effective arrangement from Barcode, batch, FIFO, and serial tracking to custom inventory it has all the features. All this makes it great for everybody from new companies to greater brands to get a hands-on this easily.
ecomdash
Ecomdash is a fairly simple cloud-based, multi-channel inventory management software that offers an interface to manage inventory, orders, and shipments from the same admin panel.
It is the best option for small to mid-sized inventories. You can easily manage multiple inventories using ecomdash.
Feature-wise, again ecomdash is one of the most unique inventory mapping systems. Check out a more in-depth feature list below.
In 2019, ecomdash was acquired by Constant Contact/Endurance International Group (EIG).
Features
- Multichannel inventory management
- Integrations for WooCommerce, Shopify, Amazon, eBay, and more
- Fulfillment by Amazon (FBA) management
- Unlimited support
- Order fulfillment with real-time shipping rates and label printing
- Set custom alerts
- Product SKU mapping
- eCommerce API
- Easy product and sales tracking
- Track manufactured items
- Bundles and multipack listing
- Free inventory resources
- Unlimited integrations
Price
You can try this software with a 14-day free trial. Paid plans are slightly more sophisticated.
Their pricing is based on sales per month. For instance, if you have 100 monthly orders, you will have to pay $60 per month. If you have more than 10,000 orders, you’d have to reach out to ecomdash to set up a custom plan. Nevertheless, you can save 20% if you choose annual billing.
Fishbowl
Fishbowl is the best inventory management software for growing brands and enterprise customers. It seamlessly integrates with Quickbooks for better inventory management.
This software is fully-geared towards inventory automation. The work order system enables users to create and share work orders for a variety of tasks.
When talking about the setup process, Fishbowl offers a variety of training and support resources including starting-up videos, online tutorials, in-house experts, and more.
Features
- Multi-channel inventory syncing
- Integrations for WooCommerce, Shopify, Amazon, and more
- Inventory costing
- Inventory tracking
- Forecasting
- Centralized inventory database
- Stock history reporting
- Data exporting/importing
- Multi-warehouse routing
- Barcode support
- 3PL inventory management
- WYSIWYG editor
- Shipment integration
Price
Fishbowl offers a good price based on the number of inventory-focused features it offers.
You’ll pay $4,395 for lifetime permanent ownership of the software. You’ll only need to pay again if you want to continue receiving support and updates after the first year.
InFlow Inventory
The ideal equilibrium of an interface where integrations of Api are relatively easier, inFlow is a unique inventory management software that is highly proficient and time-cognizant, the product has item records, tracks the travel status of stocks, and coordinates the livestock status check.
Inflow is stocked with amazing features for inventory, sales, purchasing from vendor management to report generation it provides all the customized tabs on the dashboard to utilize the potential of the software to its maximum with connectivity available across the devices.
EcomDash
This web-based multichannel inventory management tool has an iPhone app for running your business on the go and a user-friendly, intuitive design. Pricing starts at $50/month, but a free trial is available for ecommerce store owners who prefer to test the waters before committing. Solutions for enterprises with more than 10k orders per month are also available.
EcomDash offers a buffet of features ranging from activity tracking to inventory optimization, order processing, and sales reporting. Integrations include BigCommerce, Shopify, and WooCommerce carts as well as QuickBooks Online for financials.
eComEngine
Created to help Amazon sellers save time by automating tasks, eComEngine software is designed to grow with your business. The company also provides many webinars and free resources for Amazon sellers.
FeedbackFive allows you to automate feedback and review requests, monitor reviews, and see the impact of your order volume + requests sent compared to reviews, ratings, and feedback received. There is a free plan if you’re just getting started; pricing ranges based on the number of emails you send and ASINs you monitor.
RestockPro is designed for FBA sellers who want to manage their inventory more effectively. Streamline shipments, build bundles, manage profitability, and more starting at $99 per month. MarketScout provides detailed Amazon product research with pay-as-you-go pricing.
Megaventory
Megaventory is an easy to use inventory management software from medium measured businesses, counting retail, discount, or fabricating companies, establishments, and mid-sized organizations. It permits you to oversee deals and buy orders, deals cites, backorders, dropshipping, dispatch, partials, returns, a stock with serial numbers and barcodes – all with capabilities for different clients! These include centers on giving stock at different areas, keeping check of the stock level, checking provider accessibility, and guaranteeing an on-time return of the stock. It’s easy to be used both by manufacturers and distributors.
Ecwid
Ecwid essentially translates to “ecommerce widgets”. And just like the name suggests, this is not a distinctive ecommerce platform. Check out the detailed Ecwid review.
Instead, it’s a shopping cart that you can integrate with any site to transform it into a fully-fledged online store. However, as you might have guessed already, you need some lines of code to achieve that.
While Ecwid offers three paid packages, it also provides a free option- which, unlike Jimdo, comes with decent ecommerce capabilities. Apart from unlimited bandwidth, you get a mobile responsive design, two product categories, and support for 10 items.
Sadly, you won’t be able to sell digital products at that level. Plus, your online store functionalities will be limited to a one-page ecommerce website. The only way to escape from that, of course, is subscribing to one of the premium plans, which start at $15 per month.
Magento is an Adobe-owned open-source eCommerce platform, and many merchants think it is the best open source eСommerce platform. It holds a large share of the e-commerce market and has been an industry leader for years. Magento and open source are still at the very core of our beings, and it’s clear that Magento is the best solution with the most feature set and robustness for B2B and B2C merchants. We have worked with clients from almost all continents who needed Magento development services of the highest quality. All of them decided to trust us in delivering great business results from their eCommerce projects.
The most notable features are using different currencies and supporting languages, managing multiple stores, and customs modules.
Another benefit of using Magento is a wide range of plugins and add-ons. It’s strong extension provider community already solved most of the merchant’s needs with different extensions available on the Marketplace. Magento is also a multi-store eCommerce platform. That way, this platform provides users with flexibility and infinite scalability.
And this comes with a price, though, especially around making sure merchants can manage their solution on an ongoing basis and ensure it is kept upgraded and secure. With Magento 2, the days of operating a relatively inexpensive website on this platform are long gone. Magento 2 has been live since December 2015, and many merchants are still considering whether or not they should take the leap. Many still hesitate and, even though we were previously also very cautious about recommending the move (mainly because of the early issues Magento 2 versions had), now is the time to plan it!
Square Online
If you’re not particularly eager to join the Wix premium plan bandwagon, you might want to try out Square Online.
Now, for a long time, Square had fundamentally existed as a versatile payment solution. Until it finally decided to spread its wings by setting up a multi-faceted business ecosystem. You can read our full Square Online review.
So far, quite a number of people are aware that Square increasingly facilitates merchants dealing with physical businesses restaurants, coffee shops, and so forth. While that’s fairly accurate, it turns out that Square has now grown to be much more than that.
In essence, the platform offers a myriad of extensive features plus integrations that not only support brick and mortar businesses, but also ecommerce websites.
And no, we’re not only talking about digital payments here. But rather, the entire ecommerce framework. Square offers tools for pretty much all the critical online store functions- from inventory management and sales, to marketing and team coordination.
All things considered, the most outstanding feature here is the ability to set up a fully-functional ecommerce website for free.
You don’t need to pay anything to build an online store. Not even for hosting. In fact, you can proceed without the slightest bit of knowledge about coding.
Creating free ecommerce websites with Square is as easy as 1-2-3. After you select an ideal theme from the array of predesigned customizable options, just make some tweaks, and voila!
Ultimately, you’ll achieve the full online store experience. And in case the default features happen to be inadequate, you can leverage Square’s integrations to link your free ecommerce website with third-party apps for booking and scheduling, employee and inventory management, accounting, plus much more.
But that’s not all. If you have some coding tricks up your sleeve, you can consider capitalizing on the Square Connect API to build your own specialized integrations. Otherwise, it’s also possible to link free ecommerce sites with their corresponding offline brick and mortar counterparts. This feature alone is particularly handy for streamlined multi-store selling and product management.
That said, I can guess what you might be wondering at this point. How the heck does Square generate revenue from this?
Well, interestingly, there are no ecommerce web monthly plans on this platform. Not even one. Instead, it basically charges a fixed rate of 2.9% plus 30¢ for each online transaction. Therefore, ecommerce sites are genuinely free on a permanent basis.
Key ecommerce inventory management challenges
With the global nature of ecommerce, there is a major emphasis on inventory tracking at every stage of the supply chain process. Whether you’re a new online store, a small business, or a veteran online retailer, it’s imperative to recognize the pain points related to your inventory management process.
The following are a few of the key challenges ecommerce shops encounter when it comes to their inventory management.
Not enough stock
If your business is facing a lot of demand but also facing consistent stockouts, you could have a big problem on your hands. Not having enough stock to fulfill sales orders is bound to have a few repercussions, whether it’s shipping delays or disappointing your customer base.
Too much stock
Overstocking is one of the most common challenges faced by ecommerce retailers. Having too much stock sitting in your warehouse could be caused by seasonality, certain variants selling better than others, or something else altogether. Regardless of the reason, overstocking is a significant risk to your bottom line, considering how much it costs to store unmoved goods.
Stock in the wrong place
Does your company utilize multiple warehouses or fulfillment locations? If so, are you confident the inventory counts are consistent and accurate? When stock is in the wrong place, it can cause supply chain challenges by creating a bottleneck and slowing down the entire fulfillment process. It also costs more time and money to deliver products to your end-user when an inventory footprint is not optimized to match areas of high demand.
Inconsistent safety stock
Safety stock is aptly titled, as it keeps your business safe in the event a huge wave of demand rolls in. If your safety stock isn’t consistent (or if you lack any safety stock at all), it might be time to reevaluate your ecommerce inventory management strategy moving forward.
Conclusion:
Today’s internet-based small businesses are trying to be as lean, mean and cheap as possible. However, growing a business is expensive. Even if your business purely sells digital and information products, you will need inventory management software to help run it. Inventory management software for ecommerce free helps you manage everything from sales and stock, to customer orders and returns.
As an entrepreneur, you recognize the significance of keeping the inventory management system on your ecommerce site updated. Certainly, no one would love to lose their orders just because they forgot to update the inventory.