Find the best Manufacturing Inventory Software

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NetSuite

With an integrated system that includes ERP, financials, commerce, inventory management, HR, PSA, supply chain management, CRM and more – NetSuite enables fast-growing businesses across all industries to work more effectively by a...Read more about NetSuite

4.1 (1454 reviews)

82 recommendations

Fishbowl

Fishbowl is the #1 manufacturing and warehouse inventory management software! Its powerful inventory control system gives your small or midsize business the exact tools needed to transform your inventory management and scale your ...Read more about Fishbowl

4.1 (829 reviews)

69 recommendations

Global Shop Solutions

Global Shop Solutions offers ERP software to serve clients across manufacturing industries of all sizes. The multi-modular application is comprised of independent modules for customer relationship management, inventory management,...Read more about Global Shop Solutions

4.1 (70 reviews)

27 recommendations

REALTRAC

Realtrac is an on-premise job management solution designed for job shop manufacturers and modular machine shops. It helps small and midsize manufacturers to schedule workflows, manage shop operations, track inventories, manage pur...Read more about REALTRAC

4.1 (68 reviews)

22 recommendations

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ProfitKey

ProfitKey is an on-premise manufacturing management solution for small and midsize manufacturers and job shops. It caters to various manufacturing industries including aerospace, defence, automotive, capital equipment, electronics...Read more about ProfitKey

4.3 (13 reviews)

16 recommendations

QT9 ERP

QT9 ERP is a highly-scalable manufacturing platform for connecting and automating business data from multiple systems into one scalable and intuitive solution. QT9 ERP integrates inventory management, accounting management, sales ...Read more about QT9 ERP

4.9 (14 reviews)

15 recommendations

Visual EstiTrack

Henning Software has helped small to midsize manufacturers and job shops for 30 years. Visual EstiTrack ERP has complete material requirements planning, product lifecycle, supply chain, customer relationship, human resource and ma...Read more about Visual EstiTrack

4.8 (11 reviews)

14 recommendations

Deskera MRP

Deskera enables fast growing businesses to operate more efficiently by providing them with an integrated platform that connects manufacturing, accounting, erp, inventory and warehouse management, order fulfillment, procurement, sa...Read more about Deskera MRP

3.7 (3 reviews)

14 recommendations

DELMIAworks

DELMIAworks (formerly IQMS) ERP is developed specifically for SMB and large discrete and batch process manufacturers in the aerospace, medical device, automotive, food and beverage, consumer products, plastics, packaging, and elec...Read more about DELMIAworks

4.1 (288 reviews)

13 recommendations

Rootstock Manufacturing ERP

Rootstock Software is a global provider of manufacturing cloud ERP on the next generation Salesforce Platform. It is purpose-built for mid-size discrete manufacturers who are looking to digitally transform on a future-proof platfo...Read more about Rootstock Manufacturing ERP

4.6 (8 reviews)

13 recommendations

Mar-Kov Chemical Management System

Mar-Kov CMS (Chemical Management System) is a cloud-based process manufacturing solution for process, batch, and formulation based manufacturers. The solution can also be installed on-premise to automate daily routine processes of...Read more about Mar-Kov Chemical Management System

5.0 (5 reviews)

10 recommendations

Fulcrum

Fulcrum is a cloud-based platform serving small/mid-sized manufacturers and job shops looking for a software platform that truly understands them and their unique, complicated processes. Humans weren’t meant to transcribe data fro...Read more about Fulcrum

4.8 (5 reviews)

6 recommendations

Deltek Costpoint

Deltek Costpoint is an enterprise resource planning (ERP) and management solution designed to meet the requirements of midsize and large enterprise businesses. The solution primarily assists government contractors, professional se...Read more about Deltek Costpoint

4.0 (205 reviews)

5 recommendations

NutraSoft

NutraSoft Premium/Ultimate is a food & beverage manufacturing ERP for small to medium sized food & beverage businesses who are looking to manage and grow their operation, increase margins, analyze and improve their production proc...Read more about NutraSoft

4.2 (12 reviews)

4 recommendations

Exenta

Aptean Apparel software solutions help apparel, footwear, accessories, home furnishing and other consumer goods brands, manufacturers and retailers to manage their various business operations. Key features include catalog manageme...Read more about Exenta

3.4 (8 reviews)

4 recommendations

OptiProERP with Sap Business One

OptiProERP with SAP Business One is a complete ERP solution for small and midsize manufacturers and distributors. SAP Business One is an ERP platform designed for small and midsize companies with over 70,000 customers. OptiProERP ...Read more about OptiProERP with Sap Business One

No reviews yet

4 recommendations

BatchMaster ERP

BatchMaster Software offers process manufacturing software solutions for the food, chemical, nutraceutical and pharmaceutical industries. Users can run the manufacturing application with QuickBooks, Sage 100&300, Microsoft Dynamic...Read more about BatchMaster ERP

4.7 (6 reviews)

3 recommendations

R4 Enterprise

Royal 4 Enterprise is an integrated enterprise resource planning (ERP) solution with built-in modules for distribution, manufacturing, planning, inventory management, reporting and company financials. It serves midsize to large en...Read more about R4 Enterprise

4.5 (4 reviews)

3 recommendations

MRPeasy

MRPeasy is a cloud-based AI-powered ERP/MRP software for small manufacturers (10-200 employees). Our MRP system comprises production planning, CRM, procurement, supply chain management, and inventory control modules, all of whic...Read more about MRPeasy

4.5 (96 reviews)

2 recommendations

Aquilon ERP

Aquilon Software offers a combined supply chain, manufacturing, distribution, and financial management system that is deployable either on the cloud or on-premise. All modules integrate with each other, allowing users to gain full...Read more about Aquilon ERP

4.6 (51 reviews)

2 recommendations

Buyers Guide

Last Updated: March 16, 2023

Maintaining tight control over inventory is crucial for manufacturers operating in modern manufacturing environments where stock is kept at a minimum and orders are filled just in time (JIT). Manufacturing inventory software, sometimes referred to as manufacturing inventory control software, is one of the more traditional manufacturing applications. For this reason, there are more than 100 vendors that offer some form of manufacturing inventory management software.

This buyer’s guide, along with our manufacturing inventory software reviews, cover the essential information needed to make a purchase. Here’s what we’ll cover:

What Is Manufacturing Inventory Management Software?

What Type of Buyer Are You?

Benefits and Potential Issues

Market Trends to Understand

What Is Manufacturing Inventory Management Software?

Inventory management software helps optimize supply levels so manufacturers always have what they need as orders are placed, without tying up capital in excess parts or ingredients. The systems allow manufacturers to instantly determine on-hand inventory balances, which is useful for financial planning. In addition to tracking raw materials and stocked items, the system also records work-in-progress (WIP) items, finished products and more.

Most inventory systems will track purchased material and stocked items by lot number and/or serial number. Inventory management solutions use these numbers to track and locate in-stock items and produce picking information for item retrieval. Many systems have barcode, or radio frequency identification (RFID), functionality to scan items that are received, picked or transferred. Inventory management systems can also track purchase orders and other value information that is helpful for accounting.

What Type of Buyer Are You?

Before deciding on which system best fits your needs, it’s important to determine what type of buyer you are. More than 90 percent of buyers typically fall into one of these three categories:

Full-suite buyers. These buyers appreciate the integration that a solution from a single provider offers. Having a single system control all manufacturing functions improves information sharing between applications. For instance, a full-suite system can manage inventory picking, product assembly and invoicing from a single source.

Multi-location manufacturers. Operating multiple facilities adds a layer of complexity to the software requirements. These buyers need to track inventory for multiple facilities and balance levels across a geographic region. For manufacturers with international operations, the system should include multi-currency and multi-language support.

Small manufacturers. These buyers have straightforward requirements and need a system to improve data entry and inventory tracking. Small manufacturers are typically transferring over from pen and paper to a more automated system and only need basic inventory control functions such as order processing and lot/serial tracking.

Benefits and Potential Issues

In order to remain competitive in today’s global economy, manufacturers need to reduce excess inventory and have the capability to manage stock levels with an automated system. Here are a few of the benefits and potential issues that accompany a manufacturing inventory management system.

Time savings. An inventory system will reduce the amount of time spent processing and recording. It also enables manufacturers to immediately find the location of an in-stock item and check availability in real time.

Improved inventory accuracy. Fewer manual entry mistakes, such as logging the same inventory item twice, are made using an an electronic system. Getting a better grip on inventory management will also help reduce potentially costly manual recording errors.

Implementation difficulties. Implementing a comprehensive inventory management solution can be expensive and time consuming. Furthermore, manufacturers have to start from a clean physical inventory so the system can work off a well-organized inventory from the beginning. This can be very labor intensive.

Market Trends to Understand

Time and again different inventory management concepts, such as lean manufacturing, Kanban, six sigma methodology and 3D printing, arise to make the manufacturing process more efficient. Inventory management is moving away from the manual process, which is onerous and prone to errors. Instead, it is moving toward digital technology, which constitutes web services, mobile and internet of things (IoT). Therefore, manufacturers are looking for digital solutions that can help them manage their inventory efficiently.

Manufacturing inventory software is a niche market that is still evolving as its adoption in manufacturing organizations is increasing. Before buying a manufacturing inventory solution, decision makers should consider the following industry trends when they are evaluating a solution:

Smart inventory tracking. One-dimensional barcoding has gained a foothold in industrial and inventory tagging. Advanced systems use RFID, which enables remote monitoring to track the inventory status and product availability. Manufacturers can track products throughout the supply chain in real-time to help reduce instances of theft and spillage. In addition, real-time inventory report generation helps manufacturing and supply chain professionals to monitor business performance and take corrective actions.

Adoption of web-based platforms. There has been a gradual shift in manufacturer’s preferences from on-premise to cloud-based solutions. One of the reasons for this shift is that software-as-a-service (SaaS) solutions require very little upfront investment. In addition, the digital infrastructure helps companies save maintenance.

Enhanced business intelligence. Manufacturers are increasingly looking to track and analyze their inventory levels to understand lead time, analyze the variability in product demand and avoid inventory stock outs. Advanced manufacturing inventory solutions provide real-time business intelligence and analytics features to improve planning and strategic decision-making capabilities by providing timely updates.

Access from mobile applications. Inventory professionals have moved from working at a fixed, single location to mobile workstations. These mobile workstations are typically connected through wireless networks and operate in remote locations. To facilitate business operations from these mobile workstations, manufacturing inventory software vendors offer mobile applications that can be accessed 24/7 from any mobile device. Moreover, these mobile applications share notifications whenever an order is received, confirmed, packed, shipped and delivered to the user.

Internet of things (IoT). With this technology, internet-connected sensors communicate without any human intervention. Though it is still in its nascent stage, this technology is expected to grow exponentially and disrupt supply chain and manufacturing operations. Small businesses should keep a watch on this initiative and prepare themselves for IoT in the future.