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

StratusStockroom
StratusStockroom is an inventory management software offering from Intellitrack. It includes features such as the ability to get notifications when stock levels reach critical lows and set up an automated system to track input and outtake of items.
Unleashed
Unleashed is an inventory management software offering from Unleashed Software in New Zealand. It includes features such as integrated eCommerce accounting.
JDA Replenishment & Fulfillment Solutions
JDA Software Group offers a Replenishment & Fulfillment suite of software applications, central to which is JDA Fulfillment, which in turn is augmented with JDA Order Optimization, as well as three replenishment solutions (Vendor Managed, Advanced Store, and Advanced Warehouse). The suite may be tai…
Cybex Enterprise Retail System
Canadian company Cybex Systems offers their Enterprise Retail System, an integrated platform combining their Head Office software with a point-of-sale (PoS) system, inventory and order controls, and business intelligence, for a total retail management solution.
SenseQuiet Inventory
SenseQuiet Inventory is an inventory management software offering from SenseQuiet Technologies. It includes features such as multi-location inventory software and integrated accounting capabilities.
Aestiva Inventory
Aestiva Inventory is an inventory management software offering from Aestiva Software. It includes features such as customized inventory form and customized check-in and check-out tools.
DistributionPlus
DistributionPlus is an inventory management software offering from CP Tech. It includes features such as distributionplus takes the complications out of the workflow through integrations that only require you to do a task once, and in many cases, not at all. and .
GoECart IMS
GoECart IMS is an inventory management software offering from GoECart. It includes features such as customer & volume pricing and integrated real-time advanced inventory with commitment management.
Governmental Solutions
Governmental Solutions is an inventory management software offering from QS/1. It utilizes bar code technology to provide instant accessibility and help manage equipment locations.
MapYourTag
MapYourTag is an inventory management software offering from MapYourTag. It includes capabilties such as shipping and logistics.
Masterworks
Masterworks is an inventory management software offering from Beckard Associates. It includes features such as streamlined order fulfillment and increased efficiency in logistics.
My Inventory Online
My Inventory Online is an inventory management software offering from My Inventory Online. It includes features such as inventory management and sales order management.
OAT Asset Tracking
OAT Asset Tracking is an inventory management software offering from OATSystems. It includes features such as merchandise visibility for retailers and supply chain visibility for manufacturers, distributors, and sales & service organizations.
PhiConnect
PhiConnect is an inventory management software offering from PhiConnect. It includes features such as two-step invoicing enables the separate management of pending orders and completed orders.
RedBeam Inventory Tracking
RedBeam Inventory Tracking is an inventory management software offering from RedBeam, Inc. It includes capabilities to easily track item movements, take cycle counts, and conduct a physical inventory.
SIMMS
SIMMS is an inventory management software offering from Kornyk Computer Solutions International. It includes features such as inventory and control purchasing.
SurgiCare Inventory
SurgiCare Inventory is an inventory management software offering from SurgiCare Software. It includes features such as support for multiple facility (site) locations and custom barcode processing and label generation.
Sysnet
Sysnet is an inventory management software offering from H&L. It includes features such as accounting interface and cash control.
TCS
TCS is an inventory management software offering from MicroWest Software Systems. TCS is a tool and material management system that gives you complete control without any database or programming knowledge.
TFG4000 Inventory
TFG4000 Inventory is an inventory management software offering from The Fredrick Group, Inc. It includes features such as data conversion assistance and bar code device integration.
ToolHound
ToolHound is an inventory management software offering from ToolHound. It includes features such to facilitate the quick and accurate check out and return of tools, equipment and consumables from customer's tool rooms.
TopShelf
TopShelf is an inventory management software offering from Scout Software. It includes features such as cloud based inventory/warehouse application and the abiltiy to provide solution for retail, manufacturing, distribution, and medical sectors.
VendSoft
VendSoft is an inventory management solution with features such as dynamic dispatching and solutions, route management, and cloud-based security.
VISCO
VISCO is an inventory management software offering from VISCO LLC. It includes features such as profitability analysis at the transaction level and shipment level / lot level / unit level tracking.
Vogue Professional
Vogue Professional is an inventory management software offering from Dimensional Business Solutions. It includes features such as manually generated purchase order management via the special order processing module.