Inventory Management Systems

Best Inventory Management Systems include:

OMS Office Master System.

Inventory Management Systems Overview

What are Inventory Management Systems?

Inventory Management Systems provide a central hub for retailers, primarily eCommerce or multichannel selling operations, to manage the flow of goods and eliminate inefficiencies in the movement of inventory between locations. Products in this category generally include modules for order fulfillment, procurement, and shipping in addition to inventory control and management.

Implementing an inventory management system allows companies to better manage their inventory levels, which becomes convoluted when there are multiple locations or bundled/kitted products. The software manages and tracks inventory and can predict demand, which helps prevent overstock or out of stock situations. It can help automate purchasing and shipping. Finally, inventory management systems help with the management of vendors, orders, suppliers, fulfillment, and warehouse locations.

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

Generally, an inventory management system is more affordable than omnichannel order management and retail suites, which also encompass marketing, payment processing, and customer management. Supply chain management (SCM) suites include logistics, product lifecycle management, and enterprise asset management in addition to inventory control and ordering systems.

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 or a complex logistics network. Capabilities of inventory management systems are very similar to warehouse management systems (WMS), though WMS’ are often targeted at distributors while inventory management systems are most often targeted at retailers; however, this is not an absolute distinction.

Inventory Management System Features & Capabilities

A basic Inventory Management System should include:
  • Inventory control - including inventory location tracking, inventory levels and low stock alerts, reordering rules and automatic reordering

  • Bill of materials (BOM) creation and management

  • Barcode scanning capabilities or integrations

  • Tools to optimize inventory stocking levels based on historical sales data

  • Purchase/Sales order management

  • Fulfillment tools and optimization

  • Order and stock history

  • Backorder management

  • Reporting and analytics - including product/channel performance and sales forecasting

Some products may include the following modules or integrate with third party vendors that provide:

  • Shipping and tracking

  • Supplier relationship and supplier performance management

  • Accounting or bookkeeping

  • Customer relationship management (CRM)

  • Enterprise asset tracking

Inventory Management Systems Comparison

Inventory management systems are most useful when they possess all the features and capabilities we’ve outlined. However, to more easily compare Inventory Management Systems consider evaluating different options based on these factors:

Accounting software integration: Inventory management systems provide the most return on investment when you can connect them to your existing accounting software to be able to calculate your company’s cost of goods and valuation of products at any given time. Some tools, like Zoho Books, combine accounting software and inventory management into one platform.

Procurement tools
: The modern warehouse is incredibly complex due to globalized supply chains. Inventory management systems can help you manage procurement by using predictive analytics that help keep warehouses sufficiently stocked. Look for inventory management systems that can forecast demand and safety stock levels. Other reporting tools related to procurement you will want to consider include order recommendations and decision-making suggestions that are based on your inventory history.

Start an Inventory Management System comparison

Pricing Information

Most inventory management products follow a pricing scheme based on the number of shipping orders processed per month. These range from $40 to $80 on the low end to $300+ for the highest shipping volume. There are at least two open source solutions for personal or small business use. Enterprise level users are always advised to work with the vendor for a custom quote.

Inventory Management Products

(1-25 of 190) Sorted by Most Reviews

CYMA Inventory Control
CYMA Inventory Control is inventory management software offering from CYMA Systems in Houston, optimized for wholesale distributors.
TrueCommerce Datalliance
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.
Vanguard Inventory Optimization
Vanguard Inventory Optimization is an inventory management software offering from Vanguard Software.
i-Supply is a dynamic, cloud-based, multi-site inventory management solution. It provides manufacturers and their suppliers with real-time insight and control over their inventory, leveraging lean principles to eliminate stock-outs, reduce inventory carrying costs, and drive efficiency. It is owned …
HighJump Retail Advantage
HighJump Retail Advantage is an inventory management solution targeted at retailers and grocers wanting to automate and optimize order execution in-store fulfillment.
LLamasoft Inventory Guru
LLamasoft Inventory Guru from LLamasoft headquartered in Ann Arbor, Michigan is an inventory management solution.
Unicommerce, headquartered in New Delhi, offers their eponymous order and inventory management platform strictly for ecommerce merchants selling across multiple channels.
Megaventory is an inventory management software offering from Megaventory Inc. It includes features such as multiple inventory locations and stock alert levels.
Manhattan Active Inventory
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 Plan…
Lead Commerce
Lead Commerce in San Diego, California offers their eponymous platform for inventory, order, and warehouse management.
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 ven…
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 well…
SAP Inventory Manager
SAP Inventory Manager is a mobile application allows maintenance personnel and field technicians to check inventory and place orders on the go.
Altametrics in Costa Mesa, California offers eRestaurant, a restaurant management platform that combines inventory and workforce management.
SalesWarp headquartered in Baltimore, Maryland offers their eponymous platform for order & inventory management, and fulfillment, for eCommerce retailers of various sizes.
Atlas Planning Suite
John Galt’s Atlas Planning Suite is designed to streamline the user's S&OP process with comprehensive supply chain planning . The Atlas Planning Suite is an end-to-end value network that provides visibility, statistical forecasting, enhanced collaboration across the organization, inventory manag…
ForecastX Wizard
The ForecastX Wizard is a solution for detailed and accurate business forecasting. The software is used for demand planning processes in a wide range of industries. ForecastX combines a powerful statistical forecasting engine with Microsoft Excel to provide a blend of forecast accuracy, ease of use,…
ZhenHub is a cloud-based inventory and order management system for eCommerce retailers to automate logistics. Users can manage all of their inventory and orders from a single online dashboard, reducing data entry and reliance on spreadsheets and emails. Users can integrate sales channels like Shopif…
UrbanTracker is a small indoor asset tracking system which enables users to locate any item wherever they are without using a GPS signal. UrbanTracker enables real-time asset tracking, preventing assets from loss or theft. The device comes in a small and discreet box which can be positioned within …
KeeperPOS enables users to track and optimize inventory from procurement to storage to sales. According to the vendor, some key business benefits and features include: + Optimize Product Catalogue Identify products with higher profits.Identify dead stock.Discover the right quantity to order. + Match…
QSROnline headquartered in Corpus Christi offers a restaurant management system comprising inventory and food costing and control, workforce management from scheduling to payroll, and what they offer as enterprise grade analytics.
Logiwa is a cloud-based warehouse and inventory management software that aims to address the warehouse management and order fulfillment needs of retail and e-commerce businesses worldwide. The vendor says their clients love the groundbreaking technology of Logiwa because it's faster and offers more …
HandiFox Online
HandiFox Online is a cloud inventory management app for small business. HandiFox Online is integrated with a leading accounting software QuickBooks Online. The app lets you access, track and manage inventory across multiple locations from your phone or tablet on the go. Using HandiFox Online app you…
Aptos Assortment Planning and Buying by TXT Retail
Aptos acquired TXT Retail in July 2017 to expand their supply chain and inventory optimization capabilities, and so now offers Assortment Planning and Buying, powered by TXT Retail, applications dedicated to advanced customer-centric planning and optimization of supply and supply channels.
DSI Cloud Inventory WMS
Data Systems International (DSI) in Kansas City offers Cloud Inventory WMS, a warehouse management system designed to maximize efficiency in the warehouse through automation and which can be extended greatly through DSI's Cloud Inventory app store, which features barcoding, consignment inventory, or…