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Introduction:
Welcome to our article on the best inventory management software of 2021. If you are an entrepreneur or a small business owner looking to efficiently manage your inventory, then you are in the right place. In today’s fast-paced business world, it is essential to have an inventory management system that saves time and money, and allows you to focus on running your business. In this article, we will explore the top 10 inventory management software available in the market, their features, pricing, and what makes them unique.
Why is Inventory Management Important for Your Business?
Inventory management is the process of overseeing and controlling your business’s inventory levels to ensure efficient and cost-effective management. Business owners who can manage their inventory levels effectively can avoid overstocking, understocking, and stock obsolescence, which can lead to lost sales and decreased profitability. With a reliable inventory management system in place, business owners can focus on meeting customer demand, reducing costs, and improving the bottom line.
What are the Benefits of Inventory Management Software?
Inventory management software is a powerful tool that helps business owners streamline their operations, increase efficiency, and reduce costs. Some of the benefits of inventory management software are:• Accurate tracking of inventory levels and locations.• Efficient management of orders and supply chain.• Real-time tracking of inventory levels.• Precise tracking of inventory movements.• Reduced manual labor and paperwork.• Increase business productivity.• Reduce the risk of stock obsolescence.
How to Choose the Right Inventory Management Software?
Choosing the right inventory management software can be overwhelming, given the plethora of options available in the market. However, you can make an informed choice by considering the following factors:• Your Business Requirements: choose inventory management software that caters to your business needs, whether you have a small business or a large one.• Scalability: choose software that can grow with your business.• Integration: choose software that can integrate with the business tools you already use.• Budget: choose software that offers value for money.Now that we have an understanding of what inventory management software is and why it is essential, let’s explore the top 10 inventory management software of 2021.
Top 10 Inventory Management Software of 2021:
Software |
Features |
Pricing |
Free Trial |
|---|---|---|---|
Zoho Inventory |
Order Management, Multi-Location Inventory, Automated Workflows, Integrations. |
Starts at $29/month |
15-Days |
Cin7 |
Real-Time Inventory Management, Point-of-Sale, B2B eCommerce, Integrations. |
Pricing available upon request |
Free Demo Available |
TradeGecko |
Multi-Channel Sales, Purchasing, Fulfillment, Analytics. |
Starts at $39/month |
14-Days |
inFlow Inventory |
Sales Orders, Purchase Orders, Barcode Scanning, Integrations. |
Starting at $71/month |
14-Days |
Odoo Inventory |
Real-Time Inventory Valuation, Reporting, Reordering Rules, Integrations. |
Starts at $20/month/user |
15-Days |
DEAR Inventory |
Order Management, Purchasing, Manufacturing, Integrations. |
Starts at $199/month |
14-Days |
QuickBooks Commerce |
Multi-Channel Inventory Management, Order Management, Reports, Integrations. |
Starts at $35/month |
14-Days |
Fishbowl Inventory |
Inventory Management, Manufacturing, Sales, Integrations. |
Pricing available upon request |
Free Demo Available |
Orderhive |
Warehouse Management, Multi-Channel Order Management, Shipping Management, Integrations. |
Starts at $44.99/month |
15-Days |
SKULabs |
Order Management, Barcode Scanning, Warehouse Management, Integrations. |
Starts at $199/month |
14-Days |
Zoho Inventory:
Zoho Inventory is a cloud-based inventory management software that helps businesses of all sizes manage their inventory, orders, and warehouse operations efficiently. With Zoho Inventory, users can manage orders, create purchase orders, automate workflows, and track inventory levels across multiple warehouses. The software also integrates with other Zoho products like Zoho CRM and Zoho Books.
Features:
• Order Management• Multi-Location Inventory Management• Automated Workflows• Integrations with other Zoho Products• Barcoding
Pricing:
The pricing for Zoho Inventory starts at $29/month, and they offer a 15-day free trial.
Cin7:
Cin7 is a cloud-based inventory management software that helps businesses of all sizes manage their inventory, point-of-sale, and supply chain operations efficiently. With Cin7, users can manage inventory across multiple sales channels, including B2B eCommerce, brick-and-mortar stores, and online marketplaces. The software also integrates with other business tools like QuickBooks and Shopify.
Features:
• Real-Time Inventory Management• Point-of-Sale• B2B eCommerce• Integrations with other business tools• Automated Workflows
Pricing:
The pricing for Cin7 is available upon request, and they offer a free demo for interested users.
TradeGecko:
TradeGecko is a cloud-based inventory management software that helps businesses of all sizes manage their inventory, orders, and supply chain efficiently. With TradeGecko, users can manage inventory across multiple sales channels, including eCommerce, wholesale, and direct-to-consumer. The software also integrates with other business tools like Xero, QuickBooks, and Shopify.
Features:
• Multi-Channel Sales Management• Purchasing and Receiving• Fulfillment• Analytics and Reporting• Integrations with other business tools
Pricing:
The pricing for TradeGecko starts at $39/month, and they offer a 14-day free trial.
inFlow Inventory:
inFlow Inventory is a cloud-based inventory management software that helps businesses of all sizes manage their inventory, orders, and warehouse operations efficiently. With inFlow Inventory, users can manage inventory across multiple locations, create sales orders and purchase orders, and track inventory levels in real-time. The software also integrates with other business tools like QuickBooks and Shopify.
Features:
• Sales Orders and Purchase Orders Management• Barcode Scanning• Automatic Stock Level Alerts• Integrations with other business tools
Pricing:
The pricing for inFlow Inventory starts at $71/month, and they offer a 14-day free trial.
Odoo Inventory:
Odoo Inventory is a cloud-based inventory management software that helps businesses of all sizes manage their inventory and warehouse operations efficiently. With Odoo Inventory, users can track inventory levels in real-time, create reordering rules, and generate reports. The software also integrates with other Odoo products like Odoo Sales and Odoo CRM.
Features:
• Real-Time Inventory Valuation• Reporting• Reordering Rules• Integrations with other Odoo Products
Pricing:
The pricing for Odoo Inventory starts at $20/month/user, and they offer a 15-day free trial.
DEAR Inventory:
DEAR Inventory is a cloud-based inventory management software that helps businesses of all sizes manage their inventory, purchasing, and manufacturing operations efficiently. With DEAR Inventory, users can manage inventory across multiple locations, create sales orders and purchase orders, and track inventory levels in real-time. The software also integrates with other business tools like Shopify, Xero, and QuickBooks.
Features:
• Order Management• Purchasing and Manufacturing• Inventory Management• Integrations with other business tools
Pricing:
The pricing for DEAR Inventory starts at $199/month, and they offer a 14-day free trial.
QuickBooks Commerce:
QuickBooks Commerce is a cloud-based inventory management software that helps businesses of all sizes manage their inventory across multiple sales channels efficiently. With QuickBooks Commerce, users can manage inventory across channels like Amazon, Shopify, and eBay, and track inventory levels in real-time. The software also integrates with QuickBooks Online.
Features:
• Multi-Channel Inventory Management• Order Management• Reports and Analytics• Integrations with QuickBooks Online
Pricing:
The pricing for QuickBooks Commerce starts at $35/month, and they offer a 14-day free trial.
Fishbowl Inventory:
Fishbowl Inventory is an inventory management software that helps businesses of all sizes manage their inventory, manufacturing, and sales operations efficiently. With Fishbowl Inventory, users can manage inventory across multiple locations, track inventory levels in real-time, and create manufacturing orders. The software also integrates with business tools like QuickBooks and Salesforce.
Features:
• Inventory Management• Manufacturing• Sales Orders Management• Integrations with business tools
Pricing:
The pricing for Fishbowl Inventory is available upon request, and they offer a free demo for interested users.
Orderhive:
Orderhive is a cloud-based inventory management software that helps businesses of all sizes manage their warehouse operations, shipping, and orders efficiently. With Orderhive, users can manage inventory across multiple channels, create purchase orders and sales orders, and generate shipping labels. The software also integrates with other business tools like QuickBooks and Shopify.
Features:
• Warehouse Management• Multi-Channel Order Management• Shipping Management• Integrations with other business tools
Pricing:
The pricing for Orderhive starts at $44.99/month, and they offer a 15-day free trial.
SKULabs:
SKULabs is a cloud-based inventory management software that helps businesses of all sizes manage their warehouse operations, order fulfillment, and shipping efficiently. With SKULabs, users can manage inventory across multiple channels, create purchase orders and sales orders, and generate shipping labels. The software also integrates with other business tools like Shopify and WooCommerce.
Features:
• Order Management• Barcode Scanning• Warehouse Management• Integrations with other business tools
Pricing:
The pricing for SKULabs starts at $199/month, and they offer a 14-day free trial.
FAQ:
1. What is Inventory Management?
Inventory management is the process of overseeing and controlling your business’s inventory levels to ensure efficient and cost-effective management.
2. Why is Inventory Management Important for Your Business?
Inventory management is essential for businesses to avoid overstock, understock, and stock obsolescence, which can result in lost sales and decreased profitability.
3. What are the Benefits of Inventory Management Software?
Inventory management software helps business owners streamline their operations, increase efficiency, and reduce costs by accurately tracking inventory levels and movements, and efficiently managing orders.
4. How to Choose the Right Inventory Management Software?
Choose inventory management software that caters to your business needs, is scalable, integrates with your business tools, and offers value for money.
5. What are the Top 10 Inventory Management Software of 2021?
The top 10 inventory management software of 2021 are Zoho Inventory, Cin7, TradeGecko, inFlow Inventory, Odoo Inventory, DEAR Inventory, QuickBooks Commerce, Fishbowl Inventory, Orderhive, and SKULabs.
6. What are the Pricing Plans for Inventory Management Software?
The pricing plans for inventory management software vary depending on the software and its features, with some starting at $20/month and others available upon request.
7. How can Inventory Management Software Help My Business?
Inventory management software can help your business by accurately tracking inventory levels, reducing manual labor and paperwork, and increasing business productivity.
8. Can I Try Inventory Management Software Before I Buy?
Most inventory management software offers free trials or demos to help potential customers make an informed decision.
9. Can Inventory Management Software Integrate with My Existing Business Tools?
Most inventory management software offers integrations with other business tools like accounting software, eCommerce platforms, and shipping carriers.
10. Is Inventory Management Software Suitable for Small Businesses?
Inventory management software is suitable for businesses of all sizes, including small businesses, as it helps streamline operations and increase efficiency.
11. Can Inventory Management Software Help Me Reduce Costs?
Yes, inventory management software can help you reduce costs by accurately tracking inventory levels, reducing manual labor, and avoiding overstock and understock.
12. Can Inventory Management Software Help Me Increase Revenue?
Yes, inventory management software can help you increase revenue by ensuring that you have the right products available to meet customer demand, which can result in increased sales and profitability.
13. Is Inventory Management Software Easy to Use?
Most inventory management software is user-friendly and easy to use, with intuitive interfaces and straightforward workflows.
Conclusion:
In conclusion, choosing the right inventory management software is essential for businesses of all sizes to manage their inventory efficiently and increase productivity. With the top 10 inventory management software of 2021 presented in this article, business owners can make an informed decision on which software to use based on their needs, budget, and scalability. Whether you have a small business or a large one, inventory management software can help you avoid overstock, understock, and stock obsolescence, which can lead to lost sales and decreased profitability. Invest in inventory management software today and streamline your business the right way!
Closing Disclaimer:
Note that the information provided in this article is for informational purposes only, and neither the author nor the publisher accepts responsibility for any errors or omissions. The reader should always conduct their research and due diligence before purchasing any software mentioned in this article.
