Inventory Management165Inventory management systems are built to handle every stage of the inventory process lifecycle. There are several essential components to most inventory management solutions, starting with order entry capabilities to handle purchase automation. Another standard feature: inventory control and warehouse management to track products and manage workflows through warehouse management. Inventory management systems also typically include distribution capabilities for supply chain management. Fully-featured inventory management systems may also include integrations with customer lifecycle service management, enterprise resource planning software, and robust financial analysis and insights.CyberStockroom1https://media.trustradius.com/product-logos/W3/Fr/4NB9VW02RX5C.PNGConsignCloud2https://media.trustradius.com/product-logos/jR/k4/VBXPM2LL3O33.PNGHandiFox3https://media.trustradius.com/product-logos/6y/qs/TB435DBXQLL4.JPEGOptoro4https://media.trustradius.com/product-logos/sd/gA/GXEBBURBQQJ0.PNGCoreIMS5https://media.trustradius.com/vendor-logos/HU/BP/2SZ2KDC9W52H-180x180.GIFQR Maintenance6https://media.trustradius.com/product-logos/Or/EK/VM162GJQ8UBT.PNGPiro7https://media.trustradius.com/product-logos/yc/Sz/8J18GAMPGLNB.PNGAcctivate8https://media.trustradius.com/vendor-logos/hH/6P/BVC43T2WINVH-180x180.JPEGLowryTrack ACS9https://media.trustradius.com/vendor-logos/4n/VL/RZDJIXLTF99T-180x180.PNGCYMA Inventory Control10https://media.trustradius.com/vendor-logos/3U/is/H1TIQLJMSIO1-180x180.PNGTrueCommerce Datalliance11https://media.trustradius.com/vendor-logos/xH/b2/EATIBCUICDEA-180x180.JPEGVanguard Inventory Optimization12https://media.trustradius.com/vendor-logos/xo/X6/S81O4JC31I4B-180x180.GIFLettuce (Discontinued)13https://media.trustradius.com/vendor-logos/Ux/6E/9DBE4N6E02Z0-180x180.PNGHighJump Retail Advantage14https://media.trustradius.com/vendor-logos/a7/0I/BXVZNAPTX3BI-180x180.JPEGLLamasoft Inventory Guru15https://media.trustradius.com/vendor-logos/5v/aC/WTSJ7OM9TBTZ-180x180.PNGSkubana16https://media.trustradius.com/vendor-logos/j6/Kd/C66OPATCRNU6-180x180.PNGMegaventory17https://media.trustradius.com/product-logos/PO/Yy/5UG092UW3N13.PNGManhattan Active Inventory18https://media.trustradius.com/vendor-logos/RT/YI/FUVQKD4P5ZD5-180x180.PNGLead Commerce19https://media.trustradius.com/product-logos/Is/3j/CUIGBTNNW5BM.pngFulfil.IO20https://media.trustradius.com/product-logos/ou/RO/82NUMTPQJJ5W.PNGVeeqo21https://media.trustradius.com/product-logos/Ce/nw/GVHU1J2SPO5I.PNGSAP Inventory Manager22https://media.trustradius.com/vendor-logos/sW/OA/CZD3RG21S16S-180x180.JPEGeRestaurant23https://media.trustradius.com/vendor-logos/Pa/pZ/J49L8MFGBWHO-180x180.PNGSalesWarp24https://media.trustradius.com/vendor-logos/dn/IZ/ZGC8EKTNDWZJ-180x180.JPEGProfitKey Rapid Response Manufacturing25https://media.trustradius.com/product-logos/Va/In/ATCFW7JV206F.JPEG

Inventory Management Systems

Inventory Management Software Overview

What is Inventory Management Software?

Inventory Management Software provides a central hub for retailers, primarily eCommerce or multichannel selling operations, to manage the flow of goods. It may encompass order and fulfillment management, warehouse management and stock checking, procurement (or e-procurement) and supplier management, as well as analytics and integrations with other business critical systems (e.g. accounting, ERP, eCommerce platforms).

Inventory Management vs. Order Management, Supply Chain Management, & Warehouse Management Systems

Generally inventory management software is acquired at a lower cost and is more parsimonious than omnichannel order management & retail suites. Inventory control and ordering systems are embedded in supply chain management (SCM) suites, though not all businesses need such extensive solutions as those offered in SCMs. Software billed as inventory management is a wiser choice for smaller businesses, compared to SCM suites which are designed to manage supply across many warehouses and outlets across a vast or complex logistics network. Capabilities of inventory management systems are very similar to warehouse management systems (WMS), though these are often targeted at distributors while inventory management software is most often targeted at retailers; however, this is not an absolute distinction.

Inventory Management Software Features & Capabilities

  • Inventory Control: As these platforms are targeted at retailers, their central feature is to automate a stock counting and tracking across (potentially) multiple warehouses as items are sold and resupplied. Also, the software should supply barcode scanning internally or integrate with barcode scanning technology.
  • Inventory Optimization: The software should automate and provide decision support for optimal levels of stocked items based on sales & order analytics. This practice helps with cost control and should suppress or eliminate oversupply of sluggish or immovable stocked products.
  • Purchase / Sales Order Management: Orders can be handled within the inventory management platform via inbuilt purchase order and sales order management systems and interfaces.
  • Fulfillment: Platforms may centralize, automate, and optimize order fulfillment by consolidating sales information across channels and warehouses to ensure optimal shipping and delivery of products, balancing consideration for shipping costs and customer satisfaction.
  • Shipping & Tracking: The system may provide shipping status and logistical oversight and controls, or integrate with 3PL and shipping software systems and modules.
  • Supplier Relationship / Supplier Performance Management, & Scoring: Analyzing and scoring supplier performance is a key feature of top inventory management software.
  • Order & Stock History: Inventory management systems should also retain and provide access to rich historical data about orders and stocks.
  • Backorder Management: When items are out of stock, the system can reduce the cost of resupply by intelligently facilitating and consolidating purchase orders.
  • Accounting & CRM, inbuilt or integration: Some inventory management software offers simple inbuilt accounting and CRM capabilities, though most often the system must integrate compatibly with outside accounting and customer relationship management systems.
  • Reporting & Analytics: Given the wealth of data generated, transmitted through, and stored in the system, top inventory management software provides analytics and reporting of product and channel performance (including drill-down analytics on product features), cost of goods sold (COGS), profit analysis, and sales forecasting. This can help discover top customers or top sales performers, and other meaningful pieces of information for multi-channel selling optimization.

Inventory Management Products

Listings (126-150 of 184)

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CyberStock room provides web-based inventory management software for small businesses. Some key features include: Full Barcode Integration, Point of Sale Interface, and Sales and Products Analytics.

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ConsignCloud is consignment and resale software. The vendor says their clean, easy-to-use POS makes ringing up customers and accepting inventory a breeze. Users can use ConsignCloud to manage the day-to-day operations of their store through sales, inventory, and customer management designed with ...

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HandiFox is a leading mobile inventory tracking and sales management solution. It enables businesses to automate their sales and supply chain pipeline and have comprehensive control over their inventory. HandiFox was created as an seamless extension of QuickBooks. It allows users to perform inven...

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Optoro helps companies recoup money from returned and overstocked goods.

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CoreIMS is an inventory management software offering from CoreIMS. It includes features such as inventory management software and turnkey solutions.

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QR Maintenance uses QR codes and mobile forms to optimize asset management, tracking and maintenance. Whether users need to manage equipment, property, tools, electronic devices or other types of assets, they will be able to create custom forms that fit their purpose. Field service technicians ca...

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Piro is an inventory management software offering from MindSpark. It includes features such as Piro provides a fully integrated business platform for running a manufacturing shop in-house. Additionally, Piro is entirely configurable to meet virtually any production setup and workflow.

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Acctivate is an inventory management software offering from Alterity, Inc. meant to integrate with QuickBooks, Intacct, and other platforms. It includes features such as barcoding & mobile, kitting & assemblies.

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LowryTrack ACS is asset tracking & inventory management software from Lowry Solutions headquartered in Brighton, Massachusetts, a company specializing in barcode technology and automatic identification / data capture (AIDC).

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TrueCommerce Datalliance is a vendor managed inventory system. TrueCommerce acquired Datalliance in September 2017 after TrueCommerce was separated from its parent company HighJump in another deal.

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The Lettuce app, developed by the small California company of the same name, is a simple, lightweight inventory management application as of yet still available as a standalone offering (2015). In 2014 Lettuce was acquired by Intuit for integration into Quickbooks Online, which, following the int...

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Skubana is billed as enterprise resource planning software built around eCommerce; primarily it offers inventory management and order fulfillment, with analytics built in.

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Megaventory is an inventory management software offering from Megaventory Inc. It includes features such as multiple inventory locations and stock alert levels.

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Supply chain management software company Manhattan Associates, headquartered in Atlanta, Georgia, offers the Manhattan Active Inventory suite of inventory optimization and management software products, for retailers and wholesalers. It covers Manhattan Forecasting and Replenishing and Manhattan P...

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Lead Commerce in San Diego, California offers their eponymous platform for inventory, order, and warehouse management.

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Fulfil.IO is a customizable cloud-based software geared for small and medium businesses. It is designed to help retailers know their inventory and enables them to keep their inventory in sync regardless of whether it is sold online, or offline through channels like Shopify, Amazon or eBay. The ...

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Veeqo enables retailers to manage their inventory, purchase orders, accounts, shipping and profit reports across all of their sales channels, in one centralized place.  The vendor’s value proposition is that unlike most inventory management systems Veeqo allows users to manage their shipping as w...

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Altametrics in Costa Mesa, California offers eRestaurant, a restaurant management platform that combines inventory and workforce management.

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SalesWarp headquartered in Baltimore, Maryland offers their eponymous platform for order & inventory management, and fulfillment, for eCommerce retailers of various sizes.

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Rapid Response Manufacturing (RRM) is a fully-integrated ERP and MES software solution designed for small to mid-sized discrete manufacturers. According to the vendor, this solution offers complete order-to-bill management capabilities. The vendor’s value proposition is that this solution can be...