Best Software for Inventory Management is a collection of useful software tools designed to help you control your inventory, identify your customers and maximize your profits. The software was designed without the need for someone to be in charge of inventories. Best Software allows you to take advantage of how inventory has impacted today’s world and find the best solutions that work for you.
In this article, I will be showing you the best software for Inventoery management.
BEST OVERALL Orderhive
With advanced features and plenty of integrations, Orderhive is an affordable solution that can easily become your all-in-one inventory, order and fulfillment partner.Pros
- Free for Shopify users
- 15-day free trial, no credit card needed
- Real-time multi-channel inventory updates
Cons
- No SKU generator
- $99 setup fee
- Mobile app currently only available on Google Play
Orderhive provides plans to meet the needs of companies in most industries, from large enterprises to start-ups. It stands out by offering unlimited stock-keeping units (SKUs) and hundreds of integrations in its feature-rich plans, making Orderhive the clear winner for best overall inventory management software.
As a web-based software tool, Orderhive works in all major browsers, but the company recommends using Chrome and Firefox for a seamless experience. It supports the first in, first out (FIFO) method and uses the Kanban approach for reordering or replenishing stock.
It’s wide range of features include:
- Kitting, bundling and composite support
- Automated purchase order (PO) creation
- Bulk add, update, or delete products
- Link or unlink products with different SKUs or names
- Easily transfer stock between warehouses
- Supports barcode scanning
- Multiple reporting options including cost of goods sold (COGS)
- Management of serial, batch, lot numbers, and expiry dates
- Low-stock and out-of-stock alerts
- Zero and partial inventory dropshipping
- Over 10 e-commerce automation tools
Orderhive offers hundreds of integrations with popular apps like Etsy, Amazon, QuickBooks, WooCommerce and FedEx.
Choose from five Orderhive plans with pricing based on monthly payments, but you can save 10% by paying annually. Orders fulfilled by Amazon (FBA) are free and count against your order limit. Additionally, you’ll pay a one-time fee of $99 for setup and can add extra users for $50 per user per month. Orderhive’s pricing page shows you how they calculate prices and your dashboard comes with a usage meter to trace monthly expenses. Choose from the following plans:
- Free: Free for Shopify users for basic orders, shipping and inventory management features
- Lite: $49.99 per month for 200 orders and one user; orders above the limit cost $0.30 each
- Starter: $149.99 per month for 1,200 orders and three users, with extra orders costing $0.15 each
- Growth: $299.99 per month for 3,000 orders and five users; orders over the limit cost $0.12 each
- Enterprise: For custom pricing and unlimited users, you can contact the company for a quote
Connect with customer service via email or chat 24 hours a day, six days a week. Orderhive also supplies a rich resource center with e-books, a knowledge base and videos.
BEST FOR B2B COMPANIES inFlow
This easy-to-use platform provides a central inventory database and business-to-business (B2B) showrooms where clients can view and shop your products.Pros
- 14-day free trial, no credit card required
- Two to six hours setup support
- Over 30 reports
Cons
- Limited telephone support
- Only the highest plan option includes unlimited integrations
- Some features only available with a Windows download
With inFlow, you get simple yet powerful software for manufacturers, B2B wholesalers, online sellers and retailers. Its robust reporting capabilities and shoppable B2B showrooms make it the best choice for B2B companies.
The inFlow software is web-based (inFlow Cloud) or computer-based (inFlow Premise), and offers an intuitive app for Android and iOS devices. It supports FIFO, moving average and last in, first out (LIFO) methods.
You can oversee your entire process using inFlow, with features such as:
- Business intelligence reports: 14 sales, seven purchasing and 14 inventory reports
- Create general B2B showrooms or password-protected showrooms for special clients
- Vendor payments, order histories, and purchase orders
- Kitting, bundling, work order, and assembly processing
- Backorder capabilities
- Scan and generate barcodes
- B2B showroom and portal creation
- Email invoices and receipts
- Contact information and order histories
You can connect your inFlow software to several tools including Shopify, QuickBooks, Amazon, WooCommerce and Squarespace.
Choose from three plans that you can upgrade or downgrade. Add-on services include bill of materials (BOM) processing ($39-$129 per month, depending on the plan), five extra users for $99 per month (only available on the Plus plan), or access to the inFlow application programming interface (API; $29-$59 per month, depending on the plan)). The following plans are based on monthly payments, but you can save 10% with an annual payment:
- Light: $79 per month for two users, one location, 100 orders, two integrations and two hours of setup support
- Standard: $199 per month for five users, unlimited sites, 1,000 orders, three integrations, and four hours of setup assistance
- Plus: $499 per month for 10 users, unlimited locations, 10,000 orders, unlimited integrations, and six hours of setup
On inFlow’s website, you’ll find webinars, videos and a knowledge base. Get answers to your questions using live chat and email, or request a callback Monday through Friday.
Zoho Inventory.
Best for businesses looking for a cost-effective inventory management tool.
Key Features:
Stock Management – It allows the bundling of items and helps in tracking the stock-flow of different items.
Extensive Integration – It enables seamless integration with the top ecommerce platforms for easy monitoring of stock-flow.
Order Management – This feature allows you to manage orders easily, record deliveries, create sales and purchase orders, and so forth.
Shipping Options – It allows you to select the most financially as well as logistically capable shipping carrier.
Customer and Vendor Management – It enables the recording of vendor and customer information and makes personalized communication easy.
Customization – You can add the required field to payment receipts, invoices, and orders.
Pros:
Works best for trading businesses
It offers easy integration across popular channels like eBay, Amazon, and more
Provides updates quickly
It has country-specific versions, providing more convenience to the businesses
Provides customer support all round the clock
Provides one of the best shipping carriers for easy order fulfillment
Zoho Inventory provides an intuitive and easy to use UI
The inventory module of Zoho makes handling your taxes easier
The warehouse option enables tracking of every unit in each warehouse you have.
ChannelAdvisor.
Best for posting product information to bring new customers to your business.
ChannelAdvisor is another popular inventory management tool on this list. It not only works as inventory management software but also acts as a digital marketing assistant for your business.
From streamlining sales across 100+ platforms to tracking the buyer’s journey, ChannelAdvisor is appropriate for all your ecommerce needs.
Channel Advisor is suitable for businesses looking for an inventory system that works as a digital marketing assistant as well.
Key Features:
- Syncing with multiple channels – ChannelAdvisor works as a digital marketing tool that helps you distribute your products and content on platforms like Google, Bing, Yahoo, Facebook, and more.
- Paid Marketing – ChannelAdvisor supports paid search marketing to help your business grow and improve the conversion rate.
- Analytics & Reporting – ChannelAdvisor creates in-depth analytical reports to give you better business insights and keep a better track of your inventory.
- Digital Marketing Channels- ChannelAdvisor comes with digital marketing benefits to promote business sales on multiple channels to generate better profit.
Pros:
- It has an excellent ability to organize & sell your products
- Provides summary reports of the product performance
- Helps you build presentations of the products for better management
- It’s a one-stop-shop for your marketing, ecommerce, and inventory management needs
- Provides accurate inventory forecasts and supports post-sales tracking
- You can seek expert advice over the application services
Cons:
- Doesn’t monitor price change in real-time
- The performance of the software needs to be a little faster
Pricing
To get a pricing quote with Channel Advisor, you need to design your package or solution. The prices vary depending upon your business needs and requirements.
Conclusion
There are countless reasons as to why business owners choose to use a software inventory management system. In any case, whether you’re a new or experienced business owner, using an effective software inventory management system will lead to better results.