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

Nextail Instinct
Nextail Labs in Madrid offers their retail inventory and stock optimization platform, maximizing inventory availability, supporting stocking efficiency (e.g. fewer items out of stock, less overstocking, etc), and supporting retailers by tracking progress towards general retail KPIs.
Spring mobileRetail
Spring Global, headquartered in Denver, offers Spring mobileRetail, which helps align company retail merchandising goals with field salespersons' knowledge and capability. The app provides field salesperson activity logging and tracking, merchandising analytics and measurement, product analytics and…
distributorInsight from Spring Global headquartered in Denver supports better communication between a head office and distribution field teams and provides data to monitor and improve stocking, reduce out-of-stock instances, and meet distribution KPIs.
NetYield is a complete accounting and inventory management solution for the seafood industry, available for deployment on your server or in the cloud. The product works for small operations as well as enterprises. With over 30 years of seafood industry experience, the vendor says its advisers can h…
Vynamic Merchandizer
Diebold Nixdorf offers the Vynamic Merchandizer application from the Vynamic Operations software suite, an omnichannel order management solution for retailers featuring inventory level optimization and controls, product availability and cost management, and other features for retailers.
Katana - Smart Workshop Software
Katana - Smart Workshop Software is a manufacturing & inventory management software tailored for makers and small manufacturers selling on Shopify. According to the vendor, it makes production management & inventory control easier than ever for online merchants. Suitable for small businesses…
Systum Inc.
Systum helps you manage inventory, operations, sales and customer service for your entire wholesale and distribution business.
ServiceCentral Service Management Software Suite
The ServiceCentral Service Management Software Suite is a comprehensive set of software solutions for managing the after-sales service & repair of product. The ServiceCentral suite provides a configurable workflow management system, ServiceManager, & powerful reporting tools with ServiceInte…
Sage Inventory Advisor
Sage Inventory Advisor is a cloud-based inventory management solution designed to help manufacturers, distributors, and retailers that takes as little as 30 minutes to implement, and is accessible on a mobile device.
Focus WMS
Focus WMS is a warehouse management system by Focus Softnet, a provider of ERP and SCM software in 17 countries worldwide. The vendor states having established itself as a warehouse system vendor in Singapore, Malaysia, and other Asia-Pacific regions by providing warehouse inventory systems to a ran…
TRUNO offers a suite of web-based applications and tools to automate, manage and monitor all aspects of a retail operation. DMA Store is designed to simplify the complexity of in-store processes, allowing users to react quickly to opportunities for improvement and maximize profitability.
Kyozou is a software solution for managing the day-to-day of online sales, with integrations to Amazon, eBay, Walmart, Newegg, Shopify, or a Kyozou Webstore. Kyozou provides small to large ecommerce sellers with inventory management, listing management, order and shipping management capabilities to…
EasyEcom is an omni-channel platform for centralized inventory management, order management & business reconciliation. The vendor's product and services portfolio comprises of marketplace integrated dashboard loaded with analytical reports, as well as premium services to streamline and optimize …
Pacsoft Views
Pacsoft Views is a retail solution providing inventory management, and business data analytics.
EMERGE App in Singapore provides technology to change the way for import and export businesses to manage their workflow process from quotation, sales, purchases, shipment and more effectively and efficiently; cutting costs and driving higher profits. AI-enabled roadmap to help importers and exporter…
Infoplus is a cloud-based inventory and warehouse management solution which offers a range of tools for managing customers, vendors, stock, orders, shipping, and more. The system is designed for small and medium-sized B2B and B2C businesses in wholesale, eCommerce retail, and third party logistics (…
eSellerHub is an end-to-end multi-channel management software designed for online retailers. The vendor aims to help sellers maximize profits, reduce costs and increase efficiency. eSellerHub develops various modules such as inventory management, order management, supplier management, warehouse man…
Cloud Commerce Pro
Cloud Commerce Pro is a cloud-based multi-channel eCommerce management system. The vendor aims to not only provide software but to also understand their client’s processes and needs to provide a bespoke service, tailored to achieving their goals and growth potential. The vendor also provides onboa…
Cygneto Apps For Ordering
Cygneto Apps for Ordering is a technology platform for manufacturers, distributors, wholesalers and retailers. The suite of mobile applications is designed for sellers from domestic and international markets and includes: Cygneto Field Sales, Cygneto Mobile, Cygneto Web and Cygneto Print Commerce.Cy…
ShipFusion provides software for the management of e-commerce shipping & fulfillment. The software is custom built in-house and is designed for users to effectively monitor and manage the state of their order fulfillment. Users have the ability view and manage shipments, including the ability to… integrates with multiple selling channels and shipping carriers to streamline the order management, shipping, and fulfillment for online retailers. One account to have access to all top carriers & services. The vendor's value proposition is that users can manage and…
Jazva is an all-in-one solution that is designed to streamline and unify operations in omnichannel retail, so retailers can optimize every function of their business and stay ahead of the game. The vendor aims to help retailers move away from spreadsheets and juggling multiple systems. According to…
Prospect Stock-Aware CRM
According to the vendor, Prospect CRM is the solution for Distributors, Wholesalers and Manufacturers who need to sell B2B products and inventory.Prospect 365 is the most integrated Cloud-based CRM and B2B Trade Portal platform for businesses with accounting solutions including Exchequer, Sage, Pega…
ACCEO Acomba
ACCEO Solutions headquartered in Montreal now support the Acomba Accounting Suite, a software suite for SMBs featuring many integratable modules, including Acomba e-commerce, Acomba inventory and stock controls, Acomba orders management, and Acomba payroll module. Acomba is available exclusively for…
ProfitKey Rapid Response Manufacturing
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 co…