Top 10 Inventory Management Software Systems

Inventory management software is used to monitor inventory levels as well as orders and deliveries. The system tells you when you are likely to run out of stock so that you can order items in advance. This reduces the chances of stock outages and ensures you always have enough goods in hand to serve the needs and demands of customers. Key features of this type of solution include product identification, service management, asset tracking, and order management. The benefits of inventory management software include improved efficiency, reduced expenses, upgraded data, warehouse organization, and ability to monitor trends. This article reviews the top inventory management software applications in the market and the list consists of the leading 10 solutions. Read about the main features and benefits of these popular systems and pick the right platform for your company needs.

1. TradeGecko – Our Score: 9.8/10

TradeGecko won our Best Inventory Management Software Award for 2016

Our review team of B2B software experts analyzed the leading inventory management systems and picked TradeGecko as the top gun based on its main features, customization, quality of customer support and other aspects. We awarded it the highest score of 9.8/10 and the product’s user satisfaction rating is also a healthy 96%. To recognize the app’s high caliber we have honored it with our top quality awards including the Best Inventory Management Software 2016 Award and the Rising Star 2017 Award. TradeGecko offers a free trial plan that lets you test their services for 14-day at no cost. You can start your free trial of Tradegecko here.

What are the elements that make TradeGecko the top inventory management software solution? To start, it offers an elegant interface and cloud-based and automated delivery of asset management services. Multichannel as well as multiregional wholesalers and distributor can use this single handy tool to manage sales and supply chains, inventory, and customer relationships. Plus, the app integrates seamlessly with widely used eCommerce and accounting systems as well as with Shopify POS in physical stores. In addition, the vendor offers mobile apps for Android and iOS devices. A major highlight is TradeGecko allows you to invite your customers and sell on a private eCommerce ordering platform.

One of the key features of TradeGecko is it gives an individual description page for each product where the manager can track its performance and stock supply, using which he can identify positive trends. If the stock runs low, the app notifies the manager through automatic reorder reminders.

For sales and order management, TradeGecko acts as an end-to-end, or order-to-payment system that the manager can use to process orders, send quotes, and fulfill them after getting paid. The best part is you don’t need an accounting solution for invoicing and closing deals – you can process and track payments from the same application where the order is made.

2. Brightpearl – Our Score: 9.7/10

Brightpearl is a multichannel retail management product that helps companies manage key business processes such as handling orders, inventory, reporting, accounting, and customer data in one place. Multichannel retailers can use the app to boost their growth and profits. A key benefit is the product offers real-time reports on cash flow inventory, customer buying behavior, profitability by SKU and channel, and more.

Retailers can arm themselves with the actionable insights provided by Brightpearl to bring their core processes under control and focus on merchandising and expanding their business. The app gives companies multiple new channels to grow their business as it integrates smoothly with leading business apps such as ekmPowershop, Bigcommerce, Shopify, Magento, eBay, and Amazon.

Brightpearl offers built-in accounting and reporting that deliver insights at the levels of channel, SKU, and customer. Plus, it is integrated with leading shipping carriers to ensure accurate and timely shipments. In short, Brightpearl gives you the channels, insights, and tools you need to grow your company’s sales and profit.

3. SellerCloud – Our Score: 9.0/10

SellerCloud is an eCommerce software application that is designed for the needs of online retailers. It provides automation, simplification, and synchronization features that enable retailers to manage the challenges of their multichannel sales operation.

What makes SellerCloud stand out? As mentioned earlier, it offers robust tools to help retailers manage the full range of multichannel selling. The system does all the necessary work including inventory and warehouse management, order processing and shipping, accounting integration, and publishing lists to marketplaces. The best part is this single solution simplifies complicated eCommerce processes, enabling companies to better control and manage their online sales operations. Key features include accounting, reports, shipping, orders, purchasing, and single entry catalog.

4. Zoho Inventory – Our Score: 9.0/10

Zoho Inventory is part Zoho’s suite of quality business productivity apps. This software enables businesses to automate their order and inventory management, and track deliveries. It is a suitable solution for eCommerce businesses of all kinds and sizes. The good thing is the app is integrated with multiple cloud retailers and leading shipping solutions. The vendor offers flexible and pricing packages for the needs of startups and small businesses with tight budgets.

What is the highlight of Zoho Inventory? It offers end-to-end tracking, meaning it can track inventory from the initial order to the final delivery. Another advantage is it facilitates mobile tracking on iOS and Android devices. The system includes robust reporting and analytics tools as well as out-of-the-box functionality such as multiple sales channels, billing and invoicing, full order fulfillment and management, inventory reloading to avoid stock-outs, and more.

The big advantage is Zoho Inventory is compatible with the other Zoho productivity apps which allows you to migrate data seamlessly across your Zoho stable of products. This means you can handle inventory, sell, and manage customer relationships and HR using a single platform and account. What more could you ask for?

5. FinancialForce ERP – Our Score: 8.8/10

FinancialForce ERP is designed for the needs of mid-market enterprises. Companies usually face confusion when they migrate from CRM to an ERP tool, but this app makes the transition smooth. When it comes to customer service, a company’s management usually doesn’t realize the needs and demands of their customers. This causes confusion and customers also face issues as they get bounced between business units in their search for resolution to their issues. FinancialForce ERP eliminates all this confusion as it offers companies a unified ERP app built on the Salesforce platform that gets rid of boundaries between business units.

FinancialForce ERP links products, partners, employees, and customers in a single solution, providing users with a good overview of the whole customer journey. Users who subscribe to both Salesforce CRM and FinancialForce ERP can benefit from cross-departmental collaboration, workflow, analytics, and reporting capabilities.

6. Stitch Labs – Our Score: 8.7/10

Stitch Labs is a maker of software that simplifies business, commerce, and decisions for wholesalers and retailers. This intuitive app streamlines orders, inventory, and data across multiple channels. On top of that, there are powerful integrations with leading commerce systems such as eBay, Amazon, ShipStation, QuickBooks, Xero, and others.

How does Stitch Labs’ integration with Shopify work? You don’t have to log into Shopify if you wish to sell something as Stitch Labs has automated the procedure. Start by selling on your Shopify store. Immediately, Stitch updates the inventory data in Shopify as well as the other sales channels you specify. This ensures you never run out of stock. Within seconds, the sale and data such as addresses, listings, payments, buyer information and more are automatically recorded in Stitch. Finally, you can generate simple yet insightful reports to analyze data from all sales across your sales channels to make smart business decisions.

7. Skubana – Our Score: 8.6/10

Skubana provides efficient and effective services to help eCommerce websites speed up their sales. Top brands are subscribing to this app to make use of the modern facilities it offers. It is an intuitive and smartly designed solution that offers all that you need in a single platform. It is difficult to manage an eCommece store, but with Skubana you can save a lot of time while boosting your company’s productivity. Plus, you can make smarter decisions based on the actionable insights the app offers.

The vendor believes that is essential for a business to get at least 1,000 orders per month. To facilitate this, the software offers numerous attractive and useful features. These features include multichannel inventory, automated workflow, inventory monitoring, order tracking, revenue tracking, gross margins, and unit margins reporting. You can get started by visiting the product website and viewing demos on ordering, shipping setup, warehouse setup and more.

8. Ordoro – Our Score: 8.5/10

Ordoro provides a robust suite for smart shipping with built-in inventory management functionality. The app is thoughtfully designed and user-centric, and helps merchants efficiently process and ship the orders placed on their online store. It automates and error-proofs key processes such as inventory management and shipping.

What is the best part of Ordoro? A definite highlight is the affordable pricing for which you can get a host of features that improve the whole eCommerce experience. On top of that, the app’s robust API enables it to be intregrated smoothly with leading online sales channels. Plus, it has partnerships with leading carriers to enable companies to ship products efficiently. Key features include built-in kitting, unified inventory, flexible label printing, affordable shipping rates, and comprehensive shipping options.

8. Tracet – Our Score: 8.0/10

Tracet is an enterprise-grade fixed asset management solution loaded with tools and capabilities for smooth and easy asset tracking, management, and compliance. The software gives companies and organizations total control and visibility over their fixed assets, including properties, plants, equipment, and more.

With Tracet, companies and organizations improve the use and management of their assets. The software lets you allocate your fixed assets, prolong service their service life, and maximize their efficiency while keeping them in good shape with effective maintenance scheduling. This results in absolute maximization of your fixed assets, lowered operational and maintenance costs, and enhanced revenue generation and growth.

Tracet is widely used by thousands of companies and across various industries. The software is implemented by hospitals, retail stores, manufacturers, schools, government agencies, and more.

10. SkuVault – Our Score: 8.4/10

SkuVault is an online inventory management platform that specifically caters to medium and large-sized retailers and warehouses. This web-based inventory management solution uses state of the art technology, comes loaded with a very rich feature set, and powerful eCommerce integrations to help retailers and warehouse businesses make the best decisions and grow their business.

With SkuVault, you are in control of your inventory. The software helps you monitor your stocks and materials so you will know when to replenish your inventory, how much do you need, etc. SkuVault works perfectly well for businesses and organizations that engage in raw materials production, product manufacturing, wholesale and distribution, purchasing, and more.

Conclusion

We hope this article has provided you the required lowdown on the leading inventory management software applications in the market and helps you make an educated purchase choice for your business needs. You can also keep with up the latest trends in inventory management software to stay abreast of the developments in this industry. Feel free to give your feedback on this article as well as any of the solutions we have reviewed.

Category: B2B News

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