Inventory management software, like the name suggests monitors inventory and helps organizations by streamlining inventory creation and organizing order fulfillment operations. These types of software are developed for business optimization by managing inventories and improving supply chain efficiency. Advanced inventory management systems also provide features real-time inventory control and auditing functionalities.
Key features of an ideal Inventory Management Software
- Inventory auditing
- Inventory control
- Product categorization
- Purchase order management
- Reporting/analytics
- Search/filter
Today, we’ll be talking about the best Inventory Management softwares in 2022. The article will discuss features and pricing of each product. The order of the article is decided on the basis of the Top 20 report. Without further ado, let’s get right to it!
1. Square for Retail – Discover what’s possible for your store.
About Square for Retail
Square for Retail is a platform with both software and hardware with payments for retail businesses. It’s built for both a storefront and a back office. With a purpose of boosting sales and cutting costs, it’s built for making the complicated stuff simple.
Square for Retail Features
- Online Store
- Booking Website
- Contactless Payments
- Checkout Links
- Invoices
- Delivery Services
- Email Marketing
- Order Manager
- Instagram Shopping
- SEO Tools
- Facebook Ads
- Dashboard
- Business Loans
- Transfers
- Payroll
- Team Management
Square Video Support – https://www.youtube.com/user/square
2. Lightspeed POS – Offer dine-in, delivery and everything in between with Lightspeed POS.
About Lightspeed POS
Lightspeed Restaurant can fool proof business with up and coming features like delivery, contactless payment & customizable floor plans for social distancing. With Lightspeed powering a restaurant, one can focus less on operations and more on personalizing the service to increase customer satisfaction.
Lightspeed POS Features
- Reach your customers where they are—online.
- Integrate with your favorite tools.
- Industry tools keeping you ahead of the curve.
- Retail and eCommerce stores.
- Restaurants and hospitality businesses.
- Golf courses and clubhouses.
- Outstanding support—it sets them apart.
Lightspeed HQ Video Support – https://www.youtube.com/user/lightspeedretail
3. NetSuite – The #1 Cloud ERP.
NetSuite Details
NetSuite’s Inventory Management solution offers a complete set of features like inventory management, manufacturing, and purchasing capabilities that streamlines supply-chain processes, reduces costs, and improves profitability.
NetSuite Features
- Accounts Receivable
- Billing & Invoicing
- Expense Tracking
- Fixed Asset Management
- Fund Accounting
- Payroll Management
- Project Accounting
- Purchase Orders
- Tax Management
NetSuite Video Support – https://www.youtube.com/user/NetSuite
4. ShopKeep – THE POS DESIGNED TO HELP YOU PROSPER.
About ShopKeep
ShopKeep gives independent businesses the power to sell their products in store and/or online, take payments, all while managing their day-to-day operations. Businesses use ShopKeep to manage their inventory and employees, build an eCommerce store, send invoices, access real-time sales reports and more, all from one seamless, intuitive platform.
ShopKeep Features
- Bar POS
- Barcode Scanning
- Discount Management
- Gift Card Management
- Inventory Management
- Loyalty Program Support
- Pricing Management
- Restaurant POS
- Returns Tracking
- Sales Tracking
- User Access Permissions
- eCommerce
ShopKeep Video Support – https://www.youtube.com/user/ShopKeepTheWebPOS
5. Quickbooks – Power your business with Quickbooks Online GST accounting software.
About Quickbooks
QuickBooks is accounting software for small businesses. Manage all your finances with either our licensed or online version. Instant access to customer, vendor and employee information. Free support and upgrades with online version. Comes with a 30 day free trial.
Quickbooks Features
- Get a real-time view of your cash flow.
- Stay up to date, anytime, anywhere.
- Accounts Receivable
- Bank Reconciliation
- Billing & Invoicing
- CPA Firms
- Expense Tracking
- Fixed Asset Management
- Nonprofits
- Payroll Management
- Project Accounting
- Purchase Orders
Quickbooks Pricing plans
- For small businesses – 400 Rs/month
- For accountants – 223 Rs/month
Quickbooks Video Support – https://www.youtube.com/channel/UCvUIUwfCEpkN56sYfE850Dw
6. Shopventory – Real Time Inventory Management Integrated With Your Sales System
About Shopventory
If you’re looking for an optimal inventory management and detailed sales and profitability reporting solution for commercial and payment platforms, Shopventory’s your answer. The platform offers features like Purchase Order, Vendor Management and Invoicing as well as Low Stock Alerts, Scanner Stock Takes & Auto Restock capabilities.
Shopventory Features
- Alerts/Notifications
- Forecasting
- Inventory Optimization
- Kitting
- Mobile Access
- Multi-Channel Management
- Product Identification
- Reorder Management
- Reporting/Analytics
- Retail Inventory Management
- Supplier Management
- Warehouse Management
Shopventory Video Support – https://www.youtube.com/channel/UCJdmN8db-Vab79xrajvQmGg
7. Odoo – Amazing employees deserve amazing software.
Odoo Features
- BOOST YOUR SALES
- CRM
- POS
- Sales
- INTEGRATE YOUR SERVICES
- Project
- Timesheet
- Helpdesk
- STREAMLINE YOUR OPERATIONS
- Inventory
- MRP
- Purchase
- BUILD STUNNING WEBSITES
- Website Builder
- eCommerce
- MANAGE YOUR FINANCES
- Invoicing
- Accounting
- AMPLIFY YOUR MARKETING
- Email Marketing
- Marketing Automation
- CUSTOMIZE & DEVELOP
- Studio
- odoo.sh
Odoo Video Support – https://www.youtube.com/user/OpenERPonline
8. Skubana – Drive Inventory for Every Channel.
About Skubana
For multichannel brands and high-volume marketplace sellers, Skubana provides an unrivaled solution. If a customer wants to sell a product using an ecommerce website, and/or through big-box retailers, Skubana will consolidate data on orders, inventory, purchasing, and shipping capabilities into one powerful cloud solution.
Skubana Features
- Alerts/Notifications
- Forecasting
- Inventory Optimization
- Kitting
- Manufacturing Inventory Management
- Mobile Access
- Multi-Channel Management
- Product Identification
- Reorder Management
- Reporting/Analytics
- Retail Inventory Management
- Supplier Management
- Warehouse Management
Skubana Video Support – https://www.youtube.com/channel/UCbrA3QY8NMEQ7pjLZy55H6Q
9. inFlow Inventory – Stop stressing over inventory, start using inFlow.
About inFlow
inFlow Inventory software is the easiest way to run and manage an item-based business. It’s the secret behind numerous small businesses in wholesale, distribution, retail, manufacturing, and eCommerce worldwide. inFlow helps you easily track stock, manage orders, invoice, ship, get reports, and more.
inFlow Features
- Alerts/Notifications
- Forecasting
- Inventory Optimization
- Kitting
- Manufacturing Inventory Management
- Mobile Access
- Multi-Channel Management
- Product Identification
- Reorder Management
- Reporting/Analytics
- Supplier Management
- Warehouse Management
inFlow Video Support – https://www.youtube.com/user/inFlowInventory
10. Fishbowl – Advanced Inventory Management Software for an Affordable Price.
About Fishbowl
Fishbowl is the best inventory solution for QuickBooks Users. Fishbowl allows small and midsize businesses to stay with the QuickBooks platform for accounting while incorporating advanced inventory features like Multiple locations, part tracking, manufacturing, shipping integration, LIFO/FIFO/Standard accounting methods, landed costs, consignment, and a COMPLETE wireless barcoding system for warehouses.
Fishbowl Features
- Manufacturing
- Barcode Scanning
- QuickBooks Integration
- Ecommerce Integrations
- Multiple Locations
- Work Orders
- Multilevel Bill of Materials
- Production Stages
- Inventory Management
- Labor & Job Tracking
- Serial & Lot Numbers
- Shipping
- EDI Integrations
- Order Management
- MRP
- Landed Cost
- CRM Integrations
- 3PL
- Business Intelligence
Fishbowl Video Support – https://www.youtube.com/user/Fishbowl4QB
11. Finale Inventory – Multichannel Inventory Management For Your Growing Business.
About Finale Inventory
Finale Inventory is the most adaptable and flexible inventory management system to support your workflows of your growing business. Integrates seamlessly to many eCommerce selling platforms to prevent overselling. Take the guesswork with POs by leveraging Finale to dynamically calculate reorder points based on sale velocity and supplier lead times.
Finale Inventory Features
- Alerts/Notifications
- Forecasting
- Inventory Optimization
- Kitting
- Manufacturing Inventory Management
- Multi-Channel Management
- Product Identification
- Reorder Management
- Reporting/Analytics
- Retail Inventory Management
- Supplier Management
- Warehouse Management
Finale Inventory Video Support – https://www.youtube.com/user/TheFinaleInventory
12. Finale Inventory – Powerful software to help you work smarter
About TradeGecko
TradeGecko enables their clients to manage inventory and orders for wholesale or multichannel business and keep track of products as they sell, manufacture and restock across multiple warehouse locations and channels.
TradeGecko Features
- Accounting
- Backordering
- Batch and Expiry Tracking
- CRM
- Inventory Control
- Inventory Optimization
- Inventory Reports
- Multichannel Sales
- Manufacturing
- Order Fulfillment
- Order Management
- Price Lists
- Purchase Order Management
- Sales Reports
- Shipping
- Warehouse Management
- Wholesale
TradeGecko Video Support – https://www.youtube.com/channel/UCX4hD-UbVu1pK5wmdoCLzuw
13. Cin7 – Connected Inventory Management. Simplified.
About Cin7
Cin7 is the automated inventory management platform for brands growing their revenue. The platform synchronizes their stock with sales and orders across every physical and online sales channel and automates order processes for greater efficiency. Brands that sell or distribute products use Cin7 to keep costs down, margins and cash flow high and stock at the right level.
CIn7 Features
- Inventory Management
- Point of Sale (POS)
- Warehouse Management
- B2B eCommerce
- Automation
- Reports and Forecasting
- Payment Portal
- Built-in EDI
- Amazon Seller, Vendor, FBA
- Production Management
Cin7 Video Support – https://www.youtube.com/channel/UC2ei_-AEYULePG5UVbsFGhA
14. Sortly – Inventory Made Easy.
About Sortly
Sortly is a super simple inventory and asset tracking system to visually track your items and their details including location, price, condition etc for a more intuitive way to track your items.
Sortly Features
- Mobile Access
- Multi-Channel Management
- Product Identification
- Reporting/Analytics
- Alerts/Notifications
- Inventory Optimization
- Warehouse Management
Sortly Video Support – https://www.youtube.com/channel/UCSVoLKIddoqYM9mSC_68Slw
15. Vend POS – Upgrade your retail store for tomorrow.
About Vend POS
Vend is cloud-based point of sale software designed for retailers to sell, measure, manage and grow their business. Retailers in stores use Vend to accept payments, track customers, manage inventory and run business analytics for real-time insights into business performance. Vend gives retailers access to tools more powerful and intuitive than enterprise systems, at a fraction of the cost.
Vend POS Features
- Forecasting
- Inventory Optimization
- Multi-Channel Management
- Product Identification
- Reorder Management
- Reporting/Analytics
- Supplier Management
- Warehouse Management
Vend POS Video Support – https://www.youtube.com/user/VendHQ
Final Thoughts!
Hope the article helps you in selecting the best Inventory Management software that’s best for your corporation. Analyze your requirements and select the platform which best suits your needs.