Most Reliable Inventory Management Software in 2022

Merchants, vendors, and shop owners all over the world are looking for smart technology to help them track orders, sales, deliveries, and stock levels. Keeping track of your merchandise and products is much easier with a well-developed inventory system.

To save you time, I have carried out a thorough investigation to find the best inventory management software available to online businesses. I’ll also share some buyer’s guide tips and overviews of my top software choices.

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1. inFlow Inventory

This Windows and Microsoft SQL-based inventory management system is perfect for mid-sized and large enterprises across a wide range of industries. inFlow Inventory offers stock management, invoicing, reporting, and numerous customization options that cater to your business’ unique needs. Full Review

  • Excellent customer service team
  • Instant sync cloud deployment or on-premise system
  • 14-day free trial available
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This Windows and Microsoft SQL-based inventory management system is perfect for mid-sized and large enterprises across a wide range of industries. inFlow Inventory offers stock management, invoicing, reporting, and numerous customization options that cater to your business’ unique needs. Full Review

Pricing

5/5

Inventory features

5/5

Sales channels

5/5

Ease of use

4.5/5

2. Cin7

Cin7 is an omnichannel service for inventory and order management. With the high number of easy third-party integrations available, users can seamlessly integrate with other accounting, eCommerce, and shipping services. It offers superior functionality and flexibility for wholesale and B2B product sales. Full Review

  • Easy integration
  • Over 50 types of marketplace integration
  • FIFO
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Cin7 is an omnichannel service for inventory and order management. With the high number of easy third-party integrations available, users can seamlessly integrate with other accounting, eCommerce, and shipping services. It offers superior functionality and flexibility for wholesale and B2B product sales. Full Review

Pricing

2/5

Inventory features

4/5

Sales channels

4/5

Ease of use

4/5

3. Zoho Inventory

As a new online shop owner, you can benefit greatly from taking advantage of Zoho’s free plan to get you off your feet. Zoho offers real-time FIFO reports in inventory management to give you early insight into your new business’s performance. Assessing information will help you set up an accurate budget and future plan to grow further. Full Review

  • Affordable prices
  • Free plan available
  • Cloud-based
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As a new online shop owner, you can benefit greatly from taking advantage of Zoho’s free plan to get you off your feet. Zoho offers real-time FIFO reports in inventory management to give you early insight into your new business’s performance. Assessing information will help you set up an accurate budget and future plan to grow further. Full Review

Pricing

5/5

Inventory features

4/5

Sales channels

4/5

Ease of use

3/5

4. Denali (Cougar Mountain Software)

Denali Business is a great software solution that incorporates different business management solutions including Denali Inventory Management, Point of Sale management, Accounts, Payroll, and purchase orders. Perfect for small to medium businesses, the paid plans can cover all aspects of your business and help it grow. Full Review

  • Credible company with excellent business management solutions
  • Once-off payment and no monthly commitment
  • Responsive and reliable customer care
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Denali Business is a great software solution that incorporates different business management solutions including Denali Inventory Management, Point of Sale management, Accounts, Payroll, and purchase orders. Perfect for small to medium businesses, the paid plans can cover all aspects of your business and help it grow. Full Review

Pricing

4/5

Inventory features

4/5

Sales channels

4/5

Ease of use

3/5

5. Acumatica

Acumatica helps your business improve profitability, customer service, and sales through its real-time stock management solution. The software has many beneficial features that help with item location, stock inventory, and forecasting. Combined with the cloud-based ERP system, this is a great solution for any industry. Full Review

  • Consistent experience across the entire software
  • Updates and improvements with every new version
  • Safe and reliable
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Acumatica helps your business improve profitability, customer service, and sales through its real-time stock management solution. The software has many beneficial features that help with item location, stock inventory, and forecasting. Combined with the cloud-based ERP system, this is a great solution for any industry. Full Review

Pricing

4/5

Inventory features

5/5

Sales channels

4/5

Ease of use

4/5

6. NetSuite (Oracle)

NetSuite’s cloud-based ERP software from Oracle automates and integrates a variety of key functions to streamline business processes. Its in-depth inventory management product has all the features needed to stay on top of stock in multiple locations. Although it runs at a steep monthly cost, it eliminates the need for other integrations. Full Review

  • Automatic cycle counting
  • Items can be categorized based on different units of measurement
  • Highly recommended and rated software developer
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NetSuite’s cloud-based ERP software from Oracle automates and integrates a variety of key functions to streamline business processes. Its in-depth inventory management product has all the features needed to stay on top of stock in multiple locations. Although it runs at a steep monthly cost, it eliminates the need for other integrations. Full Review

Pricing

3/5

Inventory features

5/5

Sales channels

5/5

Ease of use

4/5

7. Asset Panda

To keep track of your business’s assets, Asset Panda provides a cloud-based technology system that helps you know exactly where everything is. You can assign permissions for different assets to departments or employees to ensure they are well taken care of and track any repairs made on them. Users can manage the software on their mobile devices. Full Review

  • Accessible through an easy-to-navigate mobile app
  • Fully customizable
  • User access configuration available
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To keep track of your business’s assets, Asset Panda provides a cloud-based technology system that helps you know exactly where everything is. You can assign permissions for different assets to departments or employees to ensure they are well taken care of and track any repairs made on them. Users can manage the software on their mobile devices. Full Review

Pricing

5/5

Inventory features

5/5

Sales channels

4/5

Ease of use

5/5

8. Brightpearl

Brightpearl lets you grow your business faster and more profitably. It’s the perfect choice for retail outlets and eCommerce merchants looking for software to keep track of their inventory. The system allows easy communication between customers and suppliers and gives you transparent insight into your sales performance. Full Review

  • Bill of Material Processing (BOMP) is available to track raw material
  • Bundle components into products
  • Can be reconciled with Amazon FBA
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Brightpearl lets you grow your business faster and more profitably. It’s the perfect choice for retail outlets and eCommerce merchants looking for software to keep track of their inventory. The system allows easy communication between customers and suppliers and gives you transparent insight into your sales performance. Full Review

Pricing

4/5

Inventory features

5/5

Sales channels

5/5

Ease of use

3/5

9. Odoo

Odoo has more than 10,000 apps available that can be specifically combined to fit your business’ needs. Instead of investing in software from many different developers, you can invest in a fully integrated system from Odoo. Ultimately, reducing costs and errors and increasing productivity. Full Review

  • Fully cloud-based
  • Easy to extend and develop
  • Customizable payment plans
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Odoo has more than 10,000 apps available that can be specifically combined to fit your business’ needs. Instead of investing in software from many different developers, you can invest in a fully integrated system from Odoo. Ultimately, reducing costs and errors and increasing productivity. Full Review

Pricing

4/5

Inventory features

4/5

Sales channels

5/5

Ease of use

3/5

10. Netstock

Net stock integrates seamlessly with 12 different ERP systems including SYSPRO and NetSuite. It offers solutions to place orders quicker, minimize stock-outs, and reduce excess stock. The dashboard is extremely well-planned and perfect for first-time users. Full Review

  • Integrates easily with SYSPRO
  • User-friendly
  • Dashboard points out issues that need immediate attention
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Net stock integrates seamlessly with 12 different ERP systems including SYSPRO and NetSuite. It offers solutions to place orders quicker, minimize stock-outs, and reduce excess stock. The dashboard is extremely well-planned and perfect for first-time users. Full Review

Pricing

3/5

Inventory features

5/5

Sales channels

4/5

Ease of use

5/5

Our Methodology

To find the best inventory tracking software, I considered a few vital factors:

Features

In order to scale your business, you need a system that offers numerous helpful and functional features. I considered the basics like:

  • Real-time inventory tracking
  • Inventory data and value
  • Low stock alerts
  • Instock items lists
  • Stock levels
  • Order tracking

Ease of Use

Is the software easy to navigate and use? Is the interface clean and simple?

Mobile App

For mobility and easy access purposes, I looked at whether the software has a mobile app accessible on all mobile devices.

Advanced Features 

Even better if the software offers advanced features like serial number tracking, in-transit details, barcode scanning, multichannel support, batch tracking, expiration dates, multi-currency transactions, and batch tracking. I also checked whether it offers additional products like workflow management software or membership management software for an all-in-one management solution.

Customer Reviews

I evaluated credible and honest reviews from current or previous users to shine a light on each service’s pros and cons, as well as the reputation of all the services.

Individual Reviews

inFlow Inventory
inFlow Inventory
inFlow Inventory

Best for Mid-Sized to Large Enterprises

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  • 14-day free trial available
  • Excellent customer service team
  • User-friendly
  • Instant sync cloud deployment or on-premise system
  • Multiple customization fields on reports
  • Web app sometimes glitches

With 98.7% customer satisfaction, inFlow has become a go-to inventory management system best suited for merchants who hold large quantities of stock in warehouses. The software assists with barcoding, reports, purchases, inventory, and orders. inFlow’s upgraded interface caters to the users’ unique needs.

Features

inFlow Inventory has a series of very helpful features that include:

Real-time Inventory Control

The system creates records every time your business fulfills and receives orders. It’s all done from your smartphone or computer and helps to record profit and costs accurately.

Reporting

More than 30 detailed reports are available including 13 unique sales reports, 7 purchasing reports, and 14 inventory reports, as well as a sales tax report. This includes reports on high-volume sales and other inventory product information.

Barcoding

Save time by generating your own product barcodes to use with barcode scanners.

Integrations

Integrations with eCommerce platforms like Shopify, Amazon, and WooCommerce are possible. As well as integrations with QuickBooks Online, Xero, Zapier, and inFlow API.

Sales Channels

The software allows you to create B2B portals, set up orders and invoices, quotes, and push invoices to QuickBooks. Orders can be fulfilled through assigned order notifications and you can check the delivery status.

Ease of Use

After using the software for a few days, I was impressed by the number of customization options. Users can manage data through CSV import and export and customize invoices and POs. The interface and dashboard layout is user-friendly and easy to navigate. 

Pricing

inFlow offers a free 14-day trial, no credit card is needed. After the initial trial period, users have three monthly payment plan options:

Plan Monthly Fee Includes
Entrepreneur $99
  • 2 team members
  • 1 inventory location
  • 100 monthly sales orders
  • 2 integrations
  • Unlimited support
  • 2 hours setup assistance
Small Business $279
  • 5 team members
  • Unlimited inventory location
  • 2,000 monthly sales orders
  • 3 integrations
  • Unlimited support
  • 2 hours setup assistance
  • User access rights
  • Showroom
  • Optional Smart Scanner (at $999)
Mid-Size $549
  • 10 team members
  • Unlimited inventory location
  • 10,000 monthly sales orders
  • Unlimited integrations
  • Unlimited support
  • 2 hours setup assistance
  • User access rights
  • Showroom
  • Restrict access by location
  • Restrict sales reps
  • Purchase order approvals
  • Remove inFlow branding
  • Optional Smart Scanner (at $999)

Additional add-ons are available like access to inFlow API.

Customer Satisfaction

Customers have claimed the software to be reliable and user-friendly with comprehensive inventory functionalities. The service scores a 4.5-star rating from 432 honest reviews on Software Advice. Some of the few negative comments focus on the limited web and mobile app versions.

Competition Overview

Where inFlow Inventory dominates: excellent customer service and advanced inventory features

Where inFlow Inventory falls short: web app needs further developing

Cin7
Cin7
Cin7

Best for Wholesale Product Sellers and Retail Stores

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  • FIFO
  • Easy integration
  • Supply Chain Optimization (SCO) features
  • Ability to handle Bill of Material Processing (BOMP)
  • Over 50 types of marketplace integration
  • Troublesome onboarding process
  • Reports of poor customer service

Cin7 is an award-winning cloud-based product management software for every kind of business. It offers stock tracking and control, cost accounting, real-time insights, and many customization options. The software is constantly upgraded and improved.

Features

Cin7 software offers a variety of features that are helpful in growing your business:

Tracking and Control

To help you keep track of all the products within your business’ catalogue, Cin7 has numerous features that include:

  • Barcode inventory
  • FIFO and serial tracking
  • Component stock
  • Finished goods
  • Incoming stock
  • Batch tracking
  • Real-time inventory tracking
Reporting

In-depth insights into the metrics of the business’ inventory can be seen through the real-time, role-based dashboards. The reports are extensively customizable.

Cost Accounting

A single-click accounting synchronization allows for actual tax, landed cost, and COGS reporting. For other accounting needs, you can easily integrate Cin7 with paid and free third-party accounting software.

Sales Channels

Cin7 is the best solution for managing B2B, direct-to-consumer, and wholesale.

Advanced Features

Other advanced features include mobile stock-taking, color-size grid to minimize SKU, automated inventory adjustment, and customization of inventory fields.

Ease of Use

Overall the software is quick to install and user-friendly. At first, the interface may be a bit daunting, but after you get used to the layout, it is quite easy to navigate. Cin7 software is very intuitive and very easy to integrate with other payment, eCommerce, accounting, and shipping services.

Pricing

There are four monthly plans available: 

Plan Monthly Fee Includes
Small Business (for product sellers selling to online consumers) From $299 Core inventory modules

2 users

3 standard connections

Native POS or POS integrations

Business (for product sellers focused on wholesale and B2B) From $539 Core inventory modules

5 users

4 standard connections

1B2B online store

Native POS or POS integrations

Advanced (for advanced sellers) From $999 8 users

5 standard connections

Multiple EDI/3PL

Multiple B2B stores

2 Developer API connections

Enterprise Price Upon Request All features are customizable

Customer Satisfaction

Out of 435 registered reviews on Capterra, Cin7 scores a 4.5-star rating. Most customers commend the service for its ease of use and modern interface. Concerns arise that the software doesn’t fit for small or mid-sized eCommerce businesses. The onboarding process is also flakey. However, the fact that the data is cloud-based is another plus for current users.

Competition Overview

Where Cin7 dominates: integration with multiple third-party services is seamless 

Where Cin7 falls short: expensive monthly plans with the same, or fewer, features offered as competitors

Zoho Inventory
Zoho Inventory
Zoho Inventory

Best For Small And Beginner Ecommerce Businesses

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  • Cloud-based
  • Works well for small ecommerce stores
  • Affordable prices
  • Great for team tracking
  • Free plan available
  • Not customizable enough
  • Navigating the interface is tricky at first

Zoho Inventory offers free software for inventory management purposes, perfect for small and growing businesses. The entry-level monthly plan is completely free and allows small businesses to get off the ground and manage their stock accordingly. After that, they have the option to upgrade to a more advanced plan.

Features

Both the free and paid plans include excellent features like:

Multi-Warehouse Management

Inter-warehouse transfers between multiple warehouses can be tracked and managed.

Item Grouping and Bundling, Batch Tracking

Users can manage stock in different stages of the supply chain by tracking the movement of the items as well as their expiration dates. Items have unique identifier codes which simplify the process.

Customer Care

The back-end office system is improved through a series of automated administration activities that cater to potential buyers from start to finish. This includes sales orders, invoicing, quoting, packaging, and shipping.

Reporting

The smart reporting feature lets you access in-depth insights into inventory, sales, activity, and purchase data.

Integrations

Using post-shipment integrations, you can send real-time updates to your customers after they’ve placed and paid for an order. Zoho offers a cloud-based accounting software option called Zoho Books and a Crossfire EDI integration solution.

Sales Channels

Zoho offers multi-channel selling and exceptional e-commerce sales solutions.

Ease of Use

The software is packed with features so the layout takes some time to get used to. I would recommend watching a few of Zoho’s free YouTube tutorials where they help users with the initial setups and dashboard navigation.

Pricing

Zoho has 5 monthly plans available:

Plan Monthly Fee Includes
Free $0 50 orders

50 shipping labels and AfterShip tracking

1 warehouse

2 users

Standard $59 1,500 orders

1,500 shipping labels and AfterShip tracking

2 warehouses

3 users

Professional $99 7,500 orders

7,500 shipping labels and AfterShip tracking

5 warehouses

5 users

Premium $159 15,000 orders

15,000 shipping labels and AfterShip tracking

7 warehouses

10 users

Elite $239 Unlimited orders

Unlimited shipping labels and AfterShip tracking

15 warehouses

15 users

Users can add:

Additional users – $2.5 per user

Additional warehouses – $8 per warehouse

Orders and shipping labels – $6 for 50 orders

Advanced auto scans – $8 for 50 scans

Customer Satisfaction

Zoho Inventory scores a 4.6-star rating on Capterra from 335 credible reviews. Most positive reviews mention the free trial, affordable upgraded plan pricing, and the effective implementation of RFID tagging software (similar to barcode scanning). Users have stated that the software isn’t suitable for large enterprises or retail stores with multiple warehouses, however.

Competition Overview

Where Zoho Inventory dominates: affordable monthly pricing plans and a free option

Where Zoho Inventory falls short: reports aren’t customizable

Denali (Cougar Mountain Software)
Denali (Cougar Mountain Software)
Denali (Cougar Mountain Software)

Best for Small to Medium-Sized Business

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  • Responsive and reliable customer care
  • Credible company with excellent business management solutions
  • Stable and secure software
  • Once-off payment and no monthly commitment
  • Lacks advanced inventory control features
  • Interface is outdated

Cougar Mountain Software is a system company based in Idaho, committed to creating outstanding accounting software and business solutions. The software includes some of the best Point of Sale (POS) solutions as well as a Denali inventory management solution – it integrates inventory data and sales data.

Features

When you use Denali Inventory Management, you’ll get access to the following features:

Real-time Location Tracking

Use Multi-Location Inventory to track, monitor, transfer, and reorder inventory at multiple locations from a single system. Bar codes, bin locations, stocking codes, and warehouse locations can also be viewed with the tracking option.

Cycling Counting

Business owners with multiple warehouses can use the software’s cycling counting option which allows for small inventory stock takes on specific days.

Reporting

Because the inventory management is combined with POS, accounting, and other business management solutions, the reporting is extremely in-depth and accurate. It gives owners a full overview of the company’s performance.

Integrations

Ecommerce integration is available with 3Dcart software.

Ease of Use

At first glance, the interface isn’t as colorful as other stock management dashboards. It is easy to find reports and other item management features. But because it is combined with other business solutions, it can be quite cluttered.

Pricing

The pricing plans can be complicated, as Cougar Mountain offers different products that are completely modular. Denali’s Inventory Software is one of the 9 accounting modules that can be mixed and matched to create a custom accounting solution.

There are three pricing plans available and the inventory management product is available in the Ascent and Summit plans – prices are only available upon request. After some investigation, it seems as though pricing can start at as much as $1,999 for a one-time payment. 

Customer Satisfaction

Cougar Mountain Software has many loyal customers since the company has a strong track record of providing quality software solutions. Looking at the Denali Inventory Management software, reviews state that it is a great module to incorporate and combine with other Denali business solutions.

Competition Overview

Where Denali dominates: provides an all-in-one business software and management solution

Where Denali falls short: doesn’t support Mac, Linux, Chromebook, or mobile phones

Acumatica
Acumatica
Acumatica

Best for All Industries Looking for an Inclusive ERP

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  • Safe and reliable
  • Consistent experience across the entire software
  • Customizable inventory preferences
  • Updates and improvements with every new version
  • Not for beginners, requires training
  • Needs stronger B2B/EDI integration tools

Acumatica is a modern ERP software suitable for businesses in any industry. It is cloud-based and incorporates CRM, project accounting, commerce integrations, and inventory management services. The software assists rapid-growth companies in the digital economy.

Features

Acumatica’s Inventory Management product has a series of beneficial features that include:

Replenishment

Users can calculate any restocking needs by using multiple valuations like defining minimum and maximum order quantities, seasonality of products, lead times with potential buyers, and forecasting.

Location Management

Manage and set up multiple warehouses in regards to the specific bin, slot, rack, aisle, and row locations. Location defaults can also be set up according to dropshipping, returns, receiving, and shipment.

Manage Pricing

One feature that stood out above the rest was the pricing, discounts, and promotions management feature. Users can manage complex discount and pricing policies that include batch discounts and multiple discounts per single item through the software.

Dead Stock Detection

Deadstock and stock-out items are detected to help maximize warehouse space and reduce the carrying costs.

Inventory Valuation 

The inventory valuation can be determined using FIFO costing methods or average specific costing methods.

Ease of Use

Acumatica has a simple layout. The interface is filled with different ERP categories, and it is easy to navigate. You can set different inventory preferences and manage warehouses, bins, and sales all in one place. The company offers training and free video tutorials.

Pricing

The company doesn’t have a transparent pricing catalog. Potential buyers have to request a quote, and the cost depends on:

  • Which products do you want in your ERP system
  • Type of license: SaaS or Private Cloud
  • Level of consumption

Customer Satisfaction

Customers commend the service for providing a clean interface with a unique cost structure. Other plus points include the flexibility of the platform and the ability to connect to other vendors. Integration with other software is also seamless. Some features aren’t available with certain pricing plans though.

Competition Overview

Where Acumatica dominates: an all-in-one ERP system that includes a fully functioning inventory management service with many advanced features

Where Acumatica falls short: not as fast as other systems

NetSuite (Oracle)
NetSuite (Oracle)
NetSuite (Oracle)

Best for All Industries Looking for an Inclusive ERP

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  • Highly recommended and rated software developer
  • Automatic cycle counting
  • Experienced and helpful consultants
  • Items can be categorized based on different units of measurement
  • Integrations with Microsoft are time-intensive
  • No option to bulk change certain items

Used for enterprise resource planning (ERP), NetSuite can help manage inventory, host eCommerce stores, track finances, and maintain customer relations. This cloud-based software has more than 27,000 customers worldwide and is recommended for small to midsize businesses in all industries.

Features

NetSuite offers many native tools and features that include:

Replenishment

The system helps maintain the right quantities of inventory to support service level expectations. This is done through:

  • Calculating key settings
  • Managing and tracking products across the entire organization
  • Multi-location planning
Cycle Counting

It’s important to use different units of measurement to keep an eye on actual inventory levels. NetSuite uses cycle counting to keep an accurate count of the stock.

Traceability

NetSuite services use processes that trace products from the receipt back through their entire lifecycle. This includes lot tracking, serial tracking, and enforced full traceability.

Multi-Tracking

To track inventory across multiple locations, NetSuite offers unique capabilities that include:

  • Bin tracking
  • Hierarchical location definitions
  • Multi-location tracking

Ease of Use

NetSuite’s interface is well laid out and color-coded. It was great to see a dashboard with system administration tools that allow you to adjust user management and system tools and customize forms, scripts, and workflow. Everything is in one place and there’s no need to scroll back and forth between software programs.

Pricing

Costs are tailored to each customer’s individual ERP configuration needs. Inventory management software is included and can’t be bought separately.

  • Basic licensing costs for the ERP system is up to $999 per month
  • $99 per user, per month 

Customer Satisfaction

The biggest complaint from customers is the challenging integration with third parties. You have to use additional software like Peregrine Connect to extend NetSuite functionality. Nevertheless, customers are satisfied with different asset identification methods and other NetSuite solutions that provide a one-stop business management solution.

Competition Overview

Where NetSuite (Oracle) dominates: includes seven inter-related modules to cover all aspects of successful business management

Where NetSuite (Oracle) falls short: integrations to third-party systems and applications are challenging

Asset Panda
Asset Panda
Asset Panda

Best for Businesses in All Industries With Moving Assets

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  • User-friendly
  • Cloud-based
  • Accessible through an easy-to-navigate mobile app
  • Mobile app is very well designed
  • Fully customizable
  • High-security measures
  • User access configuration available
  • Reports are slow to generate (up to 30 minutes)
  • Zendesk integration lacks some features

Asset Panda is specifically designed for asset tracking perfect for businesses with moving assets. It fits businesses with different types of assets ranging from lawnmowers to laptops. The software is great for asset identification to ensure your business knows what‘s in stock as well as keeping track of the asset movement history.

Features

The asset management software has multiple features that include:

Real-time Asset Tracking

To enforce accountability, Asset Panda has the option to assign assets to different job sites, vehicles, and users. Other tracking tools and features include:

  • Asset kitting
  • Barcode generating
  • Full lifecycle history
  • Repair and service contract tracking
  • Ticketing
  • Asset write-off straight-line depreciation tool
Configuration

Users can customize audits, reports, groups of employees/people/buildings, and other fields within forms. Reports and detailed history are available in XLS, CSV, or PDF format.

Mobile App

The Asset Panda app is compatible with iOS and Android. It has built-in barcode scanning and a GPS pin-drop tool that drops each time an asset is scanned. Users can add important information by taking a photo of an item and filling in the details.

Security

To protect sensitive asset information, Asset Panda uses the highest level of security, including 256-bit SSL encryption and cloud-based EC2 hosting with S3 storage.

Ease of Use

I was impressed by the user-friendliness of the mobile and web app. The software offers a user-specific view, which allows for an uncluttered interface for specific groups of people. It has a built-in search bar which makes it easy to access asset records. Asset kitting reallocation is easy because you can update multiple fields across numerous groups at once.

Pricing

Monthly prices depend on the number of assets you want to track and the needs. But here is an approximate pricing list:

500 assets – $145.83 per month

1,000 assets – $212.25 per month

1,500 assets – $278.67 per month

2,000 assets – $345.08 per month

3,000 assets – $449.50 per month

4,500 assets – $606.13 per month

Customer Satisfaction

Customers are extremely satisfied with the asset managing service. Average clients save up to 8 times more than what they pay to use the software – that’s an 800% ROI. The most praised feature is the mobile app that is easy to use on all mobile devices and offers access configurations for specific users.

Competition Overview

Where Assets Panda dominates: has a fully functioning mobile app that uses cloud-based technology for mobile use

Where Assets Panda falls short: speed of app loading and generating reports

Brightpearl
Brightpearl
Brightpearl

Best for Ecommerce and Retail Businesses Selling on Multiple Sales Channels

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  • Can be reconciled with Amazon FBA
  • Bill of Material Processing (BOMP) is available to track raw material
  • Offers 24/7 customer support
  • Bundle components into products
  • Not beginner-friendly
  • UX/UI functions are outdated

Brightpearl is an inventory management software solution for eCommerce and retail departments. Customers investing in Brightpearl have seen improved time management, fewer errors, and more profitability. 

Features

The most-loved features of this software include:

Multichannel and Multi-location Management

Real-time and instant inventory updates across all eCommerce platforms, retail stores, and marketplaces give you full control over your stock.

Centralized View of Operations

A centralized system manages all the operations. Users can view orders, fulfillment, shipping, inventory, accounting, and much more on one centralized dashboard.

Automation

Repeatable tasks can be automated through the automation engine. Users can automatically allocate products, order new stock, and take care of shipping and invoicing.

Demand Planner

The integrated Demand Planner assists business owners in allocating excess inventory. The advanced BI tool gives insight into customer and channel performance.

Sales Channels

Users have the option of developing an integration over API. Integrating with multiple eCommerce channels.

Ease of Use

With the software having the possibility to combine numerous sales channels, the layout can become pretty complicated. Even though the interface is well designed and modern, users will still have to take advantage of Brightpearl’s training to fully master the software.

Pricing

Brightpearl offers two different solutions:

  • Brightpearl order management solutions for up to 1,500 orders per month, 5 sales channels, and 5 users.
  • Brightpearl for up to 1,500 orders per month and unlimited sales channels and users.

Prices start at $99 per month but users have to request a quote for an exact price.

Customer Satisfaction

Feedback from current users includes 5-star ratings for different sales channels, with one customer stating that they run 10 Amazon stores, 2 eBay stores, and 4 separate B2C eCommerce websites all through Brightpearl. There are only a few complaints about the ease of use.

Competition Overview

Where Brightpearl dominates: the capacity to hold multiple sales channels while functioning at a good speed

Where Brightpearl falls short: doesn’t allow vendor-managed inventory or mobile access

Odoo
Odoo
Odoo

Best for Rapidly Growing Businesses With Multiple Sales Channels and Warehouses

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  • Customizable payment plans
  • Fully cloud-based
  • One-stop business management software service
  • Easy to extend and develop
  • 15-day free trial
  • Complicated pricing plans
  • Hard to maintain
  • Customer service comes at an additional monthly fee

Odoo is an open-source suite of business management software tools that include warehouse and inventory management. Used by more than 7 million people worldwide, Odoo gives instant access to thousands of apps that help you manage all aspects of your business.

Features

The developers’ inventory management software offers numerous features that include:

Real-time Location Tracking

The double-entry inventory system allows users to track every stock item from initial purchase to warehouse bin to sales order. Lots and batches can be traced through serials upstream and downstream in the supply chain.

Reporting

It offers clear and complete reporting that is updated in real-time. Reports are dynamic and modern and give you access to all the key information.

Advanced Routing

There are numerous advanced routing tools like dropshipping, cross-docking, pick-pack-ship, and multi-warehouses.

Integrations

Users can fully integrate Odoo Apps with sales, purchase, and accounting management software.

Sales Channels

Users can diversify and create numerous new sales channels for all kinds of industries.

Ease of Use

The Odoo inventory interface is easy to navigate. There are clear menu tabs and a search bar, and it is easy to find different features and categories. The software gives you the option to filter information in order to group different items together.

Pricing

Pricing plans are quite complex with the different app options available. Users can combine different apps that they need to manage all aspects of their business.

The inventory app costs $45 per month. There’s a free 15-day trial.

Customer Satisfaction

Capterra gives Odoo a 4-star rating out of 420 credible and registered reviews. The biggest advantage is the number of modules provided by Odoo that integrate well with each other. Complaints refer mainly to certain features becoming inaccessible in certain lower-tier versions.

Competition Overview

Where Odoo dominates: fully customizable ERP plan with users choosing which apps they would like to incorporate into their monthly payment plan

Where Odoo falls short: software is written in open-source Python language and not JAVA

Netstock
Netstock
Netstock

Best for ERP Users

Visit Website
  • User-friendly
  • Reporting provides great insight into all metrics
  • Integrates easily with SYSPRO
  • Dashboard points out issues that need immediate attention
  • Reports aren’t customizable
  • No transparent pricing available

Netstock is an agile inventory management solution for SYSPRO’s ERP software. To enhance the basic inventory features of SYSPRO, merchants and business owners can integrate Netstock with the software for a smarter solution.

Features

This stock management solution offers many advanced features like:

Item Classification

Users can categorize items by velocity and value. This allows owners to focus on items that contribute most to income and growth.

Reporting and Forecasting

Forecasts are completely computer-generated, saving businesses a lot of manual labor and time. It gives in-depth reports on historical forecasts and performance as well as predicted future sales.

Raw Materials

For companies working with raw materials, this software helps to order the right quantities of materials for the parts department to fulfill forecast demand.

Sales Channels

Netstock uses a ‘procure centrally, then distribute’ process that allows for correct stock distribution. This in turn improves shipping functions and deliveries to different departments.

Ease of Use

When I first navigated through the dashboard, there was a clear overview of all stock, statistics, and numbers. The interface is simple and uses different colors to help distinguish between excess stock, stock holdings, and surplus orders.

Pricing

Pricing is determined based on approximate inventory value. Determining factors include:

  • Country in which you keep inventory
  • The estimated value of inventory
  • Number of warehouses

According to users, the software costs an affordable monthly fee.

Customer Satisfaction

Customer satisfaction is excellent. Most users praise the software for being extremely easy to learn and navigate. The dashboard gets the most positive remarks because it gives a quick overview of the current status. Issues that arise are quickly dealt with by customer service. 

Competition Overview

Where Netstock dominates: the dashboard has been expertly engineered

Where Netstock falls short: forecast models can’t be selected or customized

Best Inventory Management Software – Buyer’s Guide

With the high number of software options available, how do you know which one is the right option for your business? Here are some expert buying tips:

How to Choose the Right Inventory Management Software

There are a few important components you have to consider before choosing specific software. Here are the main factors to keep in mind:

Business Size

Small or beginning businesses won’t necessarily benefit from a large ERP system, but should rather consider a cloud-based inventory management system. What are your business’s needs when it comes to inventory tracking?

Features Available

Depending on the types of products you sell, you will require certain features. Do you want the system to support functions like batch tracking and barcoding? Also, consider whether it allows multiple sales channels or not.

Integrations 

Do you need to integrate with eCommerce platforms? Most, but not all, ERP and cloud-based software solutions offer a suite of integrations.

Budget

How much are you willing to pay? Some software solutions can be quite expensive, but remember that paying for certain advanced tools now can save you a lot of money later.

Reviews

Reviews and customer feedback are very useful if you want to find out whether the developer delivers on its promises. Read trusted reviews on sites where users have to be registered – Capterra or expert reviews are great references.

Training and Customer Support

Most systems can be quite tricky to master, a worthy developer will offer free software training and instructional videos to get you and your team on track.

Types of Inventory Management Software Systems

There are three main types of inventory management systems. Understanding the difference will help you choose the right one:

Inventory Spreadsheets

This kind of system helps the actual noting down of inventory numbers. Basic inventory spreadsheet examples are Microsoft Excel and Google Sheets. These systems have specific tools, formulas, and features to track inventory but have limited functionality. 

Cloud-based Solutions

These solutions are hosted on the internet with all data stored with a third-party server that usually uses high-quality security tech. Cloud-based solutions are perfect for small to medium businesses with a rapidly growing inventory.

ERP Systems

ERP systems usually have higher costs and are more suited to medium or large enterprises. It offers different modules and tools to manage all parts of the business.

How Can Inventory Management Software Help Small Businesses?

Studies done by SYSPRO suggest that up to 50% of all capital is inventory. There is a link between cash flow and effective inventory management. It’s therefore extremely important to manage inventory to ensure that you’ve got the quantities right.

There are multiple benefits to using an inventory system for an eCommerce or brick-and-mortar store. Here are a few of them:

  • Helps to come up with a viable inventory management strategy to ensure financial growth
  • Automates purchase orders (POs)
  • Prevents interruptions and delays because of stock shortages
  • Assists with accurate and efficient stock take
  • Increases productivity by providing additional information on supply/demand variability, lead time, and velocity
  • Accurate reporting on Cost of Goods Sold (COGS) and Cost of Goods Used
  • Improves customer satisfaction because of a more efficient ordering and delivery system
  • Reduces the acquisition of excess inventory 

Free vs. Paid Inventory Management Software

Some product management software companies offer free plans that can be used by businesses of all sizes. These plans usually include basic features accessible to a limited number of users. A free plan might be great at first, but if you have more than one product or retail storeroom and constantly fluctuating inventory levels, you are going to have to upgrade soon.

Paid versions allow for eCommerce integrations, unlimited shipping labels, order tracking, barcoding, and unlimited users. If you want to grow your dropshipping store by having an in-depth look into sales statistics and out-of-stock items or in-demand products, then it is worth upgrading to a paid inventory management service.

Top Inventory Management Software at a Glance

Here is a quick overview of our top choices:

Inventory Management Software Price range Integrations Tracking Sales channels Best for
inFlow Inventory Free 14-day trial

$99 – $549 per month

Shopify, Amazon, Xero, WooCommerce, and others Excellent Retail

B2B

Wholesale

Direct-to-Consumer

Mid-sized to large enterprises
Cin7 From $299 to $999 per month Catalog of integrations include Shippit, Shiptheory, 3PL Central, QuickBooks, Xero, Magento, Shopify, Neto, and others Excellent B2B

Wholesale

Direct-to-Consumer

Wholesale product sellers and retail stores
Zoho Inventory Free plan

$59 – $239

Integrations include Etsy, Zoho Commerce, Shopify, Magento, Squarespace, Ecwid, Ultra Cart, UPS, AfterShip, and others Good eCommerce Small and beginner eCommerce businesses
Denali Business (Cougar Mountain Software) One-time payment, on request Few integrations because Denali offers many software solutions. Integrations include QuickBooks, Shift4Shop, etc. Excellent Retail

Direct-to-Consumer

eCommerce

Small to medium-sized business
Acumatica Price on request, factor-dependent Automatica can be extended by integrating with BigCommerce, SPS Commerce, Shopify, ShipStation, Advanced Budgeting, and more Excellent eCommerce

Retail

B2B

Wholesale

Direct-to-Consumer

All industries looking for an inclusive ERP
NetSuite (Oracle) Price on request, is factor-dependent. Approx. $999 per month, and $99 per user API integrations from LUX Group that uses Peregrine Neuron ESB Connector Excellent eCommerce

Retail
B2B

Wholesale

Direct-to-Consumer

All industries looking for an inclusive ERP
Asset Panda From $145.83 per month, billed annually Integrations with Google Workspace, JamF, Azure Active, System Center, Okta, and more Excellent eCommerce

Retail

B2B

Wholesale

Service

Direct-to-Consumer

Businesses in all industries with moving assets
Brightpearl From $99 per month, quote on request Integrations with eBay, Amazon, Magento, Shopify, and many more Excellent eCommerce

Retail

Ecommerce and retail businesses selling on multiple sales channels
Odoo $45 for the app per month Integrations with eBay, Amazon, Magento, Shopify, and many more Excellent eCommerce

Retail

B2B

Wholesale

Service

Direct-to-Consumer

Rapidly growing businesses with multiple sales channels and warehouses
Netstock Factor-dependent 12 integrations including Acumatica, Dear Inventory, Microsoft Dynamics (GP), MYOB, SYSPRO, Sage, and NetSuite Excellent Retail

Direct-to-Consumer

ERP users

Wrap Up

Whether you are looking for an all-inclusive ERP system or a top-rated inventory management software service, it will definitely help your business plan ahead for future growth. Keeping track of items in multiple warehouses is important to stay on top of logistics and statistics regarding sales.

Consider the size of your business, your personal needs, and your monthly budget before choosing an inventory management software solution. Investing in high-quality software will be one of the best acquisitions for ensuring your business’s profitability.

FAQ

What Kind of Software Is Inventory Management Software?

Inventory management is a kind of software that can be used to track inventory levels, sales and deliveries, orders, and be used to create a Bill of Material Processing (BOMP) and for “Just-in-Time (JIT)” inventory management.

What Is a Good Inventory Management Tool?

The best management tools are the software that uses inventory valuation methods and advanced management features. Any one of the 10 software solutions on our list is a great option. inFlow is great for B2B companies, Denali Business is a great solution for all-in-one business management, and Zoho Inventory is perfect for beginners.

What Is the Best Way to Manage Inventory?

The best way to control your inventory is to invest in the best inventory management software. This software is usually cloud-based and will help you track your stock, use FIFO or LIFO reporting systems, and identify low-turn stock and on-demand items for better future stock purchases.