Establishing a business enterprise in this competitive market is stressful, painstaking, and time-consuming. Managing inventory and fulfilling the consumer’s expectations is an added responsibility which can drain the management to extreme. Organizations look forward to helping in advanced software that is accurate in handling inventory, eliminating overproduction, overbooking, and wastage and cost reduction. A right inventory control management is essential for indispensable business success. With so many Inventory management software coming up today, it might be an erroneous task for the enterprise. Various factors combine together to help you select the best inventory management software.
The meaning of inventory management in business terms is the way to control and track the entire inventory of your business, right from the initial purchase to manufacturing to storage to sales. It will control how your goods would flow in and out. In other words, inventory management helps you maintain the right stock levels, at the right place, at any given time.
Inventory management software is a tool that enables you to track goods and inventory levels across the supply chain of your business. Think of it as a solution that maps the entire journey of your products. Right from the order placements with your vendor to its delivery to your consumers, the software tackles it all.
Products classified in the overall Inventory Control category are similar in many regards and help companies of all sizes solve their business problems. However, small business features, pricing, setup, and installation differ from businesses of other sizes, which is why we match buyers to the right Small Business Inventory Control to fit their needs.
Webgility is the most flexible, powerful, and easy to use software to automate accounting for online businesses. Data is synchronized automatically and securely across all your sales channels. Your books are always up to date. Cash flow and profitability are at your fingertips. It’s easy to file sales taxes.
And our team of experts is here to assist you every step of the way. Do Less Accounting Work — Reduce Errors and Inefficiencies — Take Control and Grow Faster >> Accounting is automated << Your online income, transactions, sales tax, and fees are automatically recorded into your accounting platform so you don’t have to do any manual data entry. >> Financials are always up to date << Income is recorded with each transaction or each payout in real-time so your books are always current. >> Close your books with ease << Your accounts neatly match your bank deposits so you or your accountant can close books quickly every month. >> Sales tax filing is a breeze << Sales tax collected from all your sales channels is recorded and neatly organized by jurisdiction into your accounting platform for easier filling. >> No sweat compliance << All accounting entries are compliant and tagged so you can easily audit and rollback changes. >> Manual data entry is eliminated << Data is captured securely from your sales channels and flows into your accounting platform on your schedule without using spreadsheets or any manual effort.>> Tailored to your business << Settings can be personalized to the way you do accounting for each sales channel and with field-level mapping control. >> Collaborate with your accountant << Shared access to your books can allow your bookkeeper, accountant, or outsourced accounting firm to stay on top of any necessary adjustments. >> Inventory is accurate << Pricing and inventory are automatically updated across your sales channels and your accounting software, so you never oversell. >> Automate business processes << Purchasing, fulfillment, returns, refunds, and other workflows can be enabled to improve operational efficiency. >> One dashboard << Data from all your sales channels, payments, and shipping systems are in one easy-to-use dashboard so you’re more organized and in control. >> Expenses are better managed << Marketplace, payment, and shipping fees are detailed so you can easily understand them and identify ways to save. >> Cashflow is optimized << Income and expenses are tracked with every payout so you have better visibility into your cash flow for each sales channel. >> Intelligent insights are unlocked << You get a true picture of your performance and profitability at an order and item level by entering the cost of goods sold (COGs.) >> Save time and money << Leverage automation to get rid of manual data entry and lower labor costs so you can move faster and focus on your growth.
Zoho Inventory is cloud-based inventory management software that helps you create and manage both your sales and purchase orders, and track your inventory. You can integrate it with online sales channels like Amazon, eBay, and Etsy, as well as shopping carts like Shopify and many more. Here’s what we have in store: Stay updated on your stock levels at all times. Get instant updates on your inventory levels and get notified wherever your stock goes below re-order level. Keep your inventory organised with vital details like prices, cost, availability and SKUs. Centralised inventory system for multiple online stores. Automatically update your inventory quantities across all your selling channels whenever a sale is made. There’s no margin for error when everything is in perfect sync. Integrate with shippings carriers, payment gateways and much more. Automate your entire sales process, from creating sales orders and shipping the products to tracking the delivery status and sending invoices to your customers. Manage everything from one single place. Make informed business decisions with our extensive reports. Use our comprehensive dashboard reports to get instant visibility into your business. See which products are your best-sellers with sales reports. You can also get details about your best customers and their payment history.
Sellbrite
Overselling is one of the biggest bottlenecks in selling business which can be overcome by efficient inventory management software like Sellbrite. Giving you complete control of inventory and eliminating overselling of products, Sellbrite is one of the most sorted business inventory software. This user-friendly platform offers enterprise-level inventory management features and helps the business in establishing a balance between stock, sales, and purchase orders. Whether the business deals in hundreds and thousands of items, Sellbrite offers centralized inventory management from one easy-to-use interface. The software allows its users to view and manage reserved, on-hand stock levels and available products easily. Sellbrite lets the business handle its FBA quantities across all other channels through its automatic inventory adjustment features.
Sellbrite is one of the best small business inventory software that provides user-friendly advanced features to save you from overstocking. Its multi-channel inventory control feature assists the business in tracking inventory, automate orders routing between various warehouses and provide complete warehouse control. This inventory and order management software is a unique platform with great customer service, and 14 days trial period enabling the users to understand the importance of integrating Sellbrite.
Sellbrite Features:
- Inventory Optimization
- Multi-Channel Management
- Warehouse Management
- Reporting/Analytics
TradeGecko:
With clean user-interface and impressive features, TradeGecko is one of the best business inventory software. This powerful multi-purpose inventory management software is built to boost high growth eCommerce and multichannel brands. TradeGecko is cloud-based inventory management software for small to medium scale businesses that lack resources but aim to flourish in the business sector. With only a motive to help you work smarter, grow faster and increase sales, TradeGecko is a boon in the form of small business inventory software. Whether you are a distributor, a wholesaler or a retailer, this in-class inventory management software optimizes and ensures efficient operation of your business.
TradeGecko automatically updates inventories and keeps track of stock levels; managing inventory across multiple warehouses. The inventory optimization feature streamlines the internal operation and guides the business with the right stocking method. TradeGecko lets you transfer stock between warehouses, manage multiple currencies, receive and fulfill orders, synchronize orders with inventory and access sales reports. Additionally, TradeGecko acts as a central hub to manage inventory and maintain a balance between B2B, B2C, and marketplace. This inventory software creates sales email, generates sales orders, sets shipping rates and various other functions to make your business run efficiently.
TradeGecko Features:
- Alerts/Notifications
- Inventory Optimization
- Multi-Channel Management
- Reorder Management
- Retail Inventory Management
- Warehouse Management
- Forecasting
- Kitting
- Mobile Access
- Product Identification
- Reporting/Analytics
- Supplier Management
Vin eRetail
Vin eRetail is a powerful SaaS-based Order Fulfillment, Inventory Management & Warehouse Management suite enabling omnichannel retailing for brands, retailers, 3PLs, marketplaces, and distributors. The system is modular, highly flexible, and cost-effective. Our solution is trusted by leading global brands including Nykaa, Titan, Jockey, SKECHERS, and Bata. It provides a unified dashboard to help you track orders from multiple sources in real-time and fulfill both B2B and B2C orders, helping you Scale Faster. Key Benefits of Vin eRetail: – Order & Inventory Management – Returns Management – B2B and B2C Fulfillment – Integrations to Help You Scale- With Ease – Enabling Multi-warehouse Fulfillment – Advanced Shipping Note Management – Order Fulfillment from Stores – Stock Transfers across Stocking Points (Warehouses & Stores)
Stitch Labs:
When you are using conventional inventory management software, it might lack advanced features and restrict your access. It’s time to shift to more advanced, integrated best inventory software like Stitch Labs. Inventory is the heart of every commercial business. A multi-channel inventory system like Stitch Labs is not only a savior but also handles a lot of business epidemics with its integrated advanced features. Over Purchasing, less-inventory, late deliveries, maintaining multiple warehouses, inventory accounting, and cost management are some of the common problems faced by the business. Stitch Labs is one of the advanced inventory and order management software which benefits the commercial business by centralizing inventory and controlling sales, purchase, and orders.
Stitch Labs is a cloud-based inventory management software that provides detailed retail reporting to view historical stock, financial location and sales velocity which helps in future assessment. Additionally, this multichannel platform updates sales channels, transfer inventory, track units in transit and inbound locations. Stitch Labs offers purchase order management, cost allocation, low stock alerts, bundling, and stocktakes. By expanding into this software, a business gets a better picture of its inventory, and accurate data to prevail forecasting and making smart business decisions.
Stitch Labs Features:
- Alerts/Notifications
- Inventory Optimization
- Multi-Channel Management
- Reorder Management
- Retail Inventory Management
- Warehouse Management
- Forecasting
- Kitting
- Mobile Access
- Reporting/Analytics
- Supplier Management
Lightspeed POS:
All-in-one inventory management software is a gift of technology for any growing business. Lightspeed is the only retail POS that helps in the smooth running of the business, optimizing stock and managing sales. Since its inception, Lightspeed grew more than four times, thankfully for its user-friendly design and advanced features. This impeccable business inventory software is termed as a complete retail management solution, smart, scalable technology that levels up the business. The software helps in transferring stock, an access point of sales, stock, thrive and sell through any device.
Lightspeed POS is not just any inventory management software but a platform that keeps you updated on your customers as well. Get customers’ profile, purchase history, and customer’s categories with POS solution. Additionally, Lightspeed provides extra support in fulfilling consumer demand, special orders, layaways, work order management and ensure timely delivery. With a one-on-one boarding system, Lightspeed delivers 24/7 support through webinars, videos, and absolutely free demo. Whether you sell a bike, apparel, electronics, or sporting goods; Lightspeed POS allows you to handle your inventory and manage sales on the go! This easy to use inventory control software provides access to inventory management tools that streamline with workflow and helps in growing your business to the next level.
Lightspeed POS Features:
- Allocation
- Cost Tracking
- Item Management
- Procurement Management
- SKU / UPC Codes
- Supplier Management
- Barcoding
- Forecasting
- Order Management
- Reorder Management
- Serial Number Tracking
Orderhive:
Orderhive is cloud-based inventory management software that deals in everything- from order fulfillment, e-commerce automation to handling product movement. This single platform solution is an answer to all queries about making smarter business decisions. Orderhive is a modern technology that deals in real-time inventory synchronization, e-commerce automation, and simplified purchase management and delivers quick analytical reports. Offering 15 days trial period, Orderhive allows its users to understand the importance of its features and how they are helpful in business growth.
This Inventory control software keeps inventory levels under optimized control by cutting guesswork and accurately tracking product movement. Orderhive is no less than wonder software which takes care of cost-cutting, automates the manual task, and synchronizes entire inventory across sales channels, warehouses, and distribution centers. Additionally, Orderhive features include simplified product management, catalogue management, and inventory visibility, reduce risk of overselling and underselling, produce real-time inventory reports, manage purchase history, stock count form, price adjustment, stock adjustment, reorder back-ordered products, COGS management, inventory audit reports and many more. Orderhive is easy to integrate inventory software that showcases the major difference in making business decisions. The platform is available for 15 days trial to help the users evaluate each feature and understand its usability in business growth.
Orderhive Features:
- Alerts/Notifications
- Inventory Optimization
- Multi-Channel Management
- Reorder Management
- Retail Inventory Management
- Warehouse Management
- Forecasting
- Kitting
- Mobile Access
- Product Identification
- Reporting/Analytics
- Supplier Management
Conclusion
E-commerce sites have huge volumes of data that are relatively unstructured and underused by inventory managers. Shoppers’ behavior can help forecast customer demand and reveal more hidden patterns that can be useful for inventory managers. With big data analytics, inventory managers can structure this data and make it more applicable to use cases when managing stock levels. More integration of big data analytics with inventory control software can be expected in the future. To get the most out of inventory management software, you must select the right solution. And for that, it’s vital to know which features make up the best solution. A good inventory management solution facilitates tracking of your entire inventory – both raw material and finished goods. It also incorporates functions to forecast inventory levels to serve customers better. An effective inventory software contains barcode scanning capabilities to free you from data errors and offer automation. At the same time, it provides real-time alerts and updates to save you from out-of-stock/overstocking scenarios. Is that it? No. The most important factor is to see if the software is scalable and offers seamless integrations with other systems, such as accounting software.