Inventory Management Software and Systems

TrustRadius Top Rated for 2023

Top Rated Products

(1-1 of 1)

1
QuickBooks Desktop Enterprise

QuickBooks Desktop Enterprise is a widely-used accounting package designed for small to mid-sized businesses. It is the top of the QuickBooks line. Pricing starts at $3,000 for five users, and goes up depending on the number of additional users. They also offer an Advanced Inventory…

All Products

(26-50 of 717)

26
Cin7

Cin7, headqduartered in Auckland, aims to make complex retail and wholesale simple with all-in-one cloud inventory, POS, EDI and 3PL. Cin7 allows users to manage sales channels, inventory, point of sale and supply chain in one central, cloud-based software. Cin7 offers integrations…

27
CommerceHub

CommerceHub is an omnichannel retail platform for suppliers, manufacturers, and retailers. It has three pieces: ProductStream, DemandStream, and OrderStream. ProductStream connects retailers with suppliers and product data, allowing users to manage their online product catalog.…

28
MicroBiz

MicroBiz is an eCommerce retail management solution butil around features such as inventory management, payment gateway, and purchase orders / receiving tracking.

Explore recently added products

29
Linnworks

Linnworks is presented as a total commerce solution, and provides multi-channel order management for ecommerce. Linnworks connects, manages and automates commerce operations, powering businesses to sell wherever their customers are and capture every revenue opportunity.

30
M2E Cloud

M2E Cloud – a platform for scaling a business across multiple e-commerce channels with inventory and order management tools. The platform allows automatically link products to eBay, Amazon, Walmart, Shopify & BigCommerce, create listings on multiple marketplaces, and make changes…

31
Alert Rental

Alert Rental Software in Colorado Springs boasts installation and successful operation in hundreds of the world’s best-automated construction, general tool, and event equipment rental companies, writing millions of rental contracts annually. Alert is a rental software provider, doing…

32
Almyta Control System

Almyta Control System is an inventory management software offering from almyta systems. It can be customized for both single and multiple users.

34
Aravenda

Aravenda is a consignment software and resale inventory management tool integrated with Shopify POS. The software takes resellers inventory online, calculates payouts integrating Shopify POS, and boasts first class website design. As a Shopify partner, Aravenda aims to increase their…

35
StockIQ Technologies

StockIQ is a supply chain planning suite developed for distributors and manufacturers by industry practitioners, with the goal of helping users to improve forecast accuracy, and reduce inventory levels, while providing unmatched service to customers.

36
LEAFIO AI Retail Platform

Leafio AI Retail Platform: Supply Chain Solutions for Retailers LEAFIO AI is a software provider specializing in retail supply chain automation and optimization with a presence in over 20 countries, boasting more than 180 retail companies as customers. LEAFIO helps retailers manage…

37
GeekSeller

A solution for brands and retailers to sell on online marketplaces. GeekSeller is an official Walmart API partner, assisting Walmart US Marketplace, DSV (Drop Ship Vendors), Walmart Mexico, and Walmart Canada, as well as other platforms such as Mercado Libre, Amazon, eBay, Shopify,…

38
Orderwave

Orderwave is a web-based hosted application that is designed to automate and streamline operations for e-commerce, catalog, and direct marketing sales channels. Key features include: Subscription and Continuity ManagementInventory and Warehouse ManagementPayment ProcessingShopping…

39
WinPharm Pharmacy Management Software by Datascan

Since 1981, Datascan has operated in the pharmacy software industry. Their software is designed to streamline pharmacy workflows while building profits, efficiency, and patient adherence. The company boasts a boutique style of service that allows its clients to have a voice and helps…

40
Valogix Inventory Planner

Valogix Inventory Planner is an inventory management software offering from Valogix. It includes features such as forecast, plan, and optimize inventory and determines which items to stock and order.

41
Aralco Inventory Management

Aralco Systems is an inventory management software offering from Aralco. It includes features such as e-commerce, UDI, and point of sale features.

42
SalesBinder

SalesBinder is an online inventory management system which also combines an organization’s customers, sales leads, purchase orders, estimates, and invoices into one globally accessible place. This enables users to have real-time access to their inventory and all other business activities.…

43
Servigistics

PTC Servigistics is a service parts optimization solution that optimizes the user's inventory to ensure the right part is in the right place at the right time for the right price.

44
Crystal

Crystal, launched in 2020 by co-founders Michael Razny and Joel Steinbaugh, is a cloud-based inventory, point-of-sale, and jewelry store management platform. It aims to displace generic retail point solutions and antiquated jewelry management software owners have struggled with for…

45
Thrive Technologies

Thrive is an inventory management software offering from Thrive Technologies. It is built to help distribution and retail companies needing to improve demand forecasting, and it helps inventory replenishment functionality in ERP systems.

46
Katana Cloud Inventory

Katana's Cloud Inventory Platform creates a centralized view of company inventory to maintain optimal stock levels across all of its locations and track products available for sale. Users can manage incoming orders from all sales channels and issue purchase orders directly from…

47
Syncron Inventory

Syncron offers a fully integrated solution stack for the optimization of service parts Inventory, Price, and Uptime – all with MasterData and Analytics at its core.

48
Veeqo

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…

49
Restaurant365

Restaurant365 in Irvine, California offers what they describe as a complete restaurant management solution; it is back office oriented and so includes accounting and payroll, workforce management, scheduling, food costing and inventory controls, as well as analytics and reporting.…

50
Loyverse POS

Loyverse is a POS for restaurants allowing users to turn a smartphone or tablet into a POS, as well as manage sales, inventory and employees, and engage customers. It supports single or multiple location stores.

Learn More About Inventory Management Software and Systems

What are Inventory Management Systems?

Inventory management systems, or inventory management software, 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 Software 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

Most inventory management software products include the following features:

  • 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 Software 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 software products, 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 software 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.

Related Categories

Frequently Asked Questions

What is the difference between inventory management system and order management software?

An Inventory management system is often less expensive than order management software. Also, order management software is primarily focused on the purchase to pay workflow.


What are the benefits of using an inventory management system?

Inventory management systems improve the efficiency of moving inventory between locations. They also allow businesses to monitor their inventory levels and easily restock when necessary.

How much does an inventory management system cost?

Inventory management systems are typically priced based on the number of shipping orders processed per month. The cost can range from $40 to over $300 for the highest shipping volume.

What is the best inventory management system?

The inventory management system with the most reviews on TrustRadius is QuickBooks Desktop Enterprise. Odoo also received positive reviews from small businesses and mid-size companies.