8 Best Professional Inventory Management Software in 2023

8 Best Professional Inventory Management Software in 2023

8 Best Professional Inventory Management Software in 2023

Inventory management software helps businesses track the stock they have on hand and make sure it matches the amount they sell. This helps businesses keep their budgets and customer experience in check.

A good system will have plenty of features, but it should also be easy to use. The platform should also have a solid reputation for customer support.

1. Shopventory

Shopventory is a cloud-based inventory management solution that helps businesses keep track of their stock and manage it in real time. It provides users with critical business insights and allows them to make smarter decisions for their business.

Its features include the ability to monitor product profitability, expiration dates, and discounts, among others. The platform can also send out notifications when certain products are about to sell out.

Moreover, it helps users manage inventory across multiple sales channels and stores. Its mobile apps help warehouse employees scan SKUs in real-time, reducing hardware costs and saving time.

The software is compatible with iOS and Android devices. It also lets you check inventory reports on the go and manage customer orders.

It also includes a feature that enables sellers to set up custom invoices and price tags. This is a useful option for home-based or dropship sellers who want to make their business appear more professional. Lastly, it has white-label capabilities that allow users to stick to branding specs and convey credibility to customers.

2. Katana

Katana is a modern and user-friendly cloud-based Inventory Management software that helps small-scale manufacturing businesses automate and streamline their workflows. Its visual interface and smart auto-booking engine help prioritize orders, optimize supply & sales, and monitor availability of raw materials & finished goods in real-time.

Having a strong planning and control system of materials and production is critical to the success of any business. Thankfully, Katana makes that easier by letting you plan your manufacturing operations and assign priorities for individual jobs to keep them on track.

Another key feature of Katana is its Shop Floor Control app that provides insights into your operations on the floor-level. It lets you create and set up shop floor operators, track time spent on tasks with start, pause, and resume options, and track real vs. actual materials used in each task.

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Katana also includes valuable integrations with e-commerce platforms, accounting programs, and CRMs. It pulls data directly from ecommerce platforms like WooCommerce and Shopify, accounting systems like QuickBooks and Xero, and CRMs like Etsy to give you a clear view of your entire supply chain.

3. Cin7

Cin7 is a cloud-based inventory management solution that supports businesses of all sizes. It provides a variety of features to automate inventory replenishment, EDI integrations, and order fulfillment processes.

The software also has strong retail tools that are unique in the industry, making it a good fit for online merchants. It includes POS and 3PL integrations, as well as barcode scanning.

It also offers a robust set of reporting capabilities to help you stay on top of inventory. These include FIFO, serial tracking and product bundles.

Another useful feature is the ability to customize reports for different purposes. This helps retailers save time and avoid confusion when looking at large numbers of data points.

The platform also has a comprehensive integration catalog, currently boasting over 450 connections. These integrations boost sales channels, service offerings, compatible platforms, and more.

4. Zoho Inventory

Zoho Inventory is a cloud-based inventory management software that helps businesses control and manage sales orders and inventory. It features integration with online sales channels, shipment tracking tools, shopping carts, and other Zoho apps such as Zoho Analytics, Zoho Books accounting software, and Zoho CRM.

Whether you sell online or offline, Zoho Inventory can help you increase sales and customer satisfaction while spotting trends in your business. It provides a complete visibility into your inventory and helps you create purchase orders and fulfill them efficiently.

The app also includes insightful reports that provide a snapshot of your inventory over a certain time period. You can use the reports to analyze your current stock levels, en route order status, invoice data, and more.

Another major feature of the software is its warehouse management capabilities. It lets you monitor stock levels in different warehouses, adjust counts, and create drop shipments when you don’t have enough stocks to fulfill an order.

In addition, the platform supports item kitting and barcode scanning. This helps you build bundles of items to sell as a single unit and update individual items with their new sales orders as they’re sold. This allows you to optimize product quantities for each bundle and ensure optimal margins.

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5. Finale Inventory

Finale Inventory is a cloud-based inventory management system that offers full visibility of your inventory, from forecasting to reordering. It also provides multi-warehouse inventory management capabilities, enabling you to coordinate your inventory across all of your warehouses and online sales channels.

It also offers robust QuickBooks integration to automate accounting management, allowing users to sync bills and invoices automatically and eliminate the need for manual data entry. It also features a lot ID system that can ship products by bin or lot number, FIFO or LIFO reorder points, custom label printing, and a wide range of report options.

With its extensive feature set, Finale Inventory is a great option for companies of all sizes and industries. It’s an ideal tool for manufacturers, distributors, wholesalers, and retailers looking to track their inventory in one central location. Its cloud-based platform helps businesses save money and time while fulfilling customer demands.

6. Zenventory

Zenventory is a powerful, yet simple, inventory, order fulfillment & shipping software for eCommerce, 3PLs & small businesses. Designed with barcode scanning workflows and detailed location-mapping, it handles all types of product information, including serial numbers, lot numbers, expiration dates, and more.

Inventory management is a crucial part of every business. It can help you avoid stock outs, keep track of all your products, and ensure that all orders are sent out on time.

It also helps you manage your vendors and orders from one platform. It also features low stock alerts, vendor catalogs, purchase orders, and a powerful cycle count feature to track the lifespan of your items.

With native integrations to all the top e-commerce platforms, customizable allocation logic, warehouse routing, automation rules, tagging and more, it’s easy to eliminate manual data entry from your day and accelerate fulfillment times. Plus, print shipping labels using your integrated batch shipping engine and benefit from deeply discounted USPS pricing & rate-shopping features to help you assign the best service for each order.

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7. Ordoro

Ordoro is a cloud-based inventory management system designed to be used by businesses of all sizes. Its feature set is vast and includes specialized functionality for shipping, dropshipping, inventory management, and more.

Its shipping features automate USPS and other carrier rate selections so you always find the best shipping price for your products. You can also quickly generate shipping labels.

This cloud-based software has a wide range of features and is available in three different plans: Starter, Express, Pro, and Enterprise. Its pricing model is flexible, so you don’t have to switch from one plan to another if you experience a large increase in sales or add a new sales channel.

The software also has great customer service, with helpful representatives via chat and phone. It also offers online support articles and videos.

Users love Ordoro’s dropshipping capabilities, which are especially useful for Shopify users. The software automatically sends orders to suppliers, and vendors can access the order through a Vendor Portal.

The system also has multi-channel syncing, which makes it easy to track orders from your various sales channels. It also automates order fulfillment and printing branded packing slips for batch shipments.

8. Netstock

Netstock is a cloud-based inventory management software that helps you intuitively reduce your stock holding and cut down on excess stock by tracking all key metrics. The system also allows you to create balanced and risk-optimised orders for every SKU.

Using a single dashboard, you can view all your inventory KPIs such as actual vs target fill rate, stock vs model stock, stocked-outs, potential stock-outs, and excess stock from one place. It also offers world-class forecasting, backed by machine learning, for improved forecasts that factor in promotions, seasonality, and supply disruptions.

The system also helps you prioritize items in descending order of impact on sales and cash. This allows you to focus your time and resources on the essential tasks that propel your business forward.

Integrated with leading ERP systems, Netstock delivers smart supply chain recommendations to minimise stock-outs, place quicker orders, and reduce excess inventory. Its Predictive Planning Suite enables you to react quickly and make fast, informed supply chain decisions that deliver unrivaled customer service.