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Online Inventory Management Software


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Wasp Inventory Control logo
 
Wasp Inventory Control is designed specifically for small businesses. The system includes key features such as real-time functionality, barcode creation for all inventory, auditing and cycle counts, managing minimum and maximum levels... Read More
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Wasp Inventory Control is designed specifically for small businesses. The system includes key features such as real-time functionality, barcode creation for all inventory, auditing and cycle counts, managing minimum and maximum levels... Read More
 
Fishbowl Inventory logo
 
An Intuit Gold Partner for more than a decade, Fishbowl is a well-known inventory add-on for QuickBooks. Reduce double data entry. Improve speed of reordering and receiving processes. Improve data accuracy and more.
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An Intuit Gold Partner for more than a decade, Fishbowl is a well-known inventory add-on for QuickBooks. Reduce double data entry. Improve speed of reordering and receiving processes. Improve data accuracy and more.
 
Pomodo by ADI logo
 
Pomodo Software offers a cloud-based orders and inventory management solution suitable for businesses of all sizes. It offers the ability to add modules to expand the solution to suit the business’ needs. Pomodo offers product management,... Read More
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Pomodo Software offers a cloud-based orders and inventory management solution suitable for businesses of all sizes. It offers the ability to add modules to expand the solution to suit the business’ needs. Pomodo offers product management,... Read More
 
Agiliron Inventory Management logo
 
Agiliron cloud-based point-of-sale (POS) solution is designed to serve both in-store and mobile businesses as well as online sales channels. The system offers a host of features that work in tandem with the point-of-sale solution,... Read More
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Agiliron cloud-based point-of-sale (POS) solution is designed to serve both in-store and mobile businesses as well as online sales channels. The system offers a host of features that work in tandem with the point-of-sale solution,... Read More
 
AdvancePro logo
 
Integrate your existing QuickBooks records quickly and easily into AdvancePro's system. In addition to high-performance warehouse and inventory management tools, it also offers highly-tailored CRM features.
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Integrate your existing QuickBooks records quickly and easily into AdvancePro's system. In addition to high-performance warehouse and inventory management tools, it also offers highly-tailored CRM features.

Call us for a free FastStart Consultation: +61 3 8899 7476


 
FlowTrac logo
 
FlowTrac is a cloud-based and on-premise warehouse management solution offered by EMS Barcode Solutions that helps companies manage their inventory, assets and warehouse. The solution is suitable for multiple businesses. Users can... Read More
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FlowTrac is a cloud-based and on-premise warehouse management solution offered by EMS Barcode Solutions that helps companies manage their inventory, assets and warehouse. The solution is suitable for multiple businesses. Users can... Read More
 
Infoplus logo
 
Infoplus is an inventory management solution for small to midsize organizations in industries including consumer goods, electronics, food and beverage, retail, pharmaceuticals and more. The system is offered primarily as a web-based... Read More
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Infoplus is an inventory management solution for small to midsize organizations in industries including consumer goods, electronics, food and beverage, retail, pharmaceuticals and more. The system is offered primarily as a web-based... Read More
 
TRXio logo
 
TRXio by Cairnstack Software is a cloud-based inventory solution that helps businesses of all sizes across various manage their assets, protect their brand and comply with industry standards. Within TRXio users gain access to demand... Read More
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TRXio by Cairnstack Software is a cloud-based inventory solution that helps businesses of all sizes across various manage their assets, protect their brand and comply with industry standards. Within TRXio users gain access to demand... Read More
 
Goods Order Inventory System (GOIS­ Pro) logo
 
Goods Order Inventory System (GOIS Pro) is a cloud-based inventory management solution that provides users with order management functionalities. It caters to businesses of all sizes across various industry verticals. GOIS Pro allows... Read More
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Goods Order Inventory System (GOIS Pro) is a cloud-based inventory management solution that provides users with order management functionalities. It caters to businesses of all sizes across various industry verticals. GOIS Pro allows... Read More
 
Kn{owl}edge logo
 
Kn{owl}edge is a cloud-based inventory management solution for small to midsize businesses in a variety of industries. The solution offers reporting and analytics capabilities for inventories of all sizes. Inventory items can be designated... Read More
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Kn{owl}edge is a cloud-based inventory management solution for small to midsize businesses in a variety of industries. The solution offers reporting and analytics capabilities for inventories of all sizes. Inventory items can be designated... Read More

Call us for a free FastStart Consultation: +61 3 8899 7476


 
Red Rock Warehouse Manager logo
 
Red Rock WMS from 3PL Central is a cloud-based inventory and warehouse management system for companies doing retail distribution, e-commerce fulfillment and manufacturing. Red Rock WMS can integrate with QuickBooks, manage multiple... Read More
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Red Rock WMS from 3PL Central is a cloud-based inventory and warehouse management system for companies doing retail distribution, e-commerce fulfillment and manufacturing. Red Rock WMS can integrate with QuickBooks, manage multiple... Read More
 
Latitude WMS logo
 
PathGuide Technologies delivers comprehensive warehouse management systems to optimize productivity and key processes across distribution enterprise. Their flagship product, Latitude WMS, is engineered to embrace the system’s flexibility... Read More
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PathGuide Technologies delivers comprehensive warehouse management systems to optimize productivity and key processes across distribution enterprise. Their flagship product, Latitude WMS, is engineered to embrace the system’s flexibility... Read More
 
eTurns logo
 
eTurns is a cloud-based inventory management solution that helps distributors and their customers automate inventory replenishment at the point-of-use (stockrooms, service trucks, etc.) using smartphones, scanners, RFID and IoT weight... Read More
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eTurns is a cloud-based inventory management solution that helps distributors and their customers automate inventory replenishment at the point-of-use (stockrooms, service trucks, etc.) using smartphones, scanners, RFID and IoT weight... Read More
 
ECOUNT logo
 
ECOUNT is a cloud-based integrated enterprise resource planning (ERP) solution suitable for small and midsize businesses. It helps manage inventory, production, logistics, sales, accounting and payroll. ECOUNT’s inventory management... Read More
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ECOUNT is a cloud-based integrated enterprise resource planning (ERP) solution suitable for small and midsize businesses. It helps manage inventory, production, logistics, sales, accounting and payroll. ECOUNT’s inventory management... Read More
 
SAP Distribution logo
 
SAP S/4HANA is an integrated enterprise resource planning (ERP) software suite designed to serve businesses of size and kinds. SAP ERP is used to address the needs of many industry verticals including manufacturing, retail, service... Read More
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SAP S/4HANA is an integrated enterprise resource planning (ERP) software suite designed to serve businesses of size and kinds. SAP ERP is used to address the needs of many industry verticals including manufacturing, retail, service... Read More

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SIMMS Inventory Management logo
 
SIMMS by KCSI is a comprehensive inventory and supply chain management (SCM) system that helps businesses organize and control various aspects of their inventory. With features like serial number tracking, lot control, kitting and... Read More
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SIMMS by KCSI is a comprehensive inventory and supply chain management (SCM) system that helps businesses organize and control various aspects of their inventory. With features like serial number tracking, lot control, kitting and... Read More
 
Oracle SCM Cloud logo
 
Oracle SCM Cloud is a cloud-based supply chain management solution that offers distribution, manufacturing, inventory management and fleet management within a suite. The product features product development, which allows users to... Read More
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Oracle SCM Cloud is a cloud-based supply chain management solution that offers distribution, manufacturing, inventory management and fleet management within a suite. The product features product development, which allows users to... Read More
 
Before! Predictive Analytics logo
 
ACTOR’s Before! software application solution for inventory replenishment optimization starts with a highly accurate demand forecast that minimizes forecasting error.  This software produces a model that is able to quickly pick... Read More
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ACTOR’s Before! software application solution for inventory replenishment optimization starts with a highly accurate demand forecast that minimizes forecasting error.  This software produces a model that is able to quickly pick... Read More
 
S2K Warehouse Management Software logo
 
S2K Enterprise Management solution by VAI is a cloud-based, integrated ERP system designed to manage midsize and enterprise businesses in the wholesale distribution, manufacturing and speciality retail industries, across many vertical... Read More
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S2K Enterprise Management solution by VAI is a cloud-based, integrated ERP system designed to manage midsize and enterprise businesses in the wholesale distribution, manufacturing and speciality retail industries, across many vertical... Read More
 
Deltek Costpoint logo
 
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 service... Read More
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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 service... Read More
 

Buyer's Guide

by Justin Guinn,
Market Research Associate
Last Updated: June 21, 2018


Online inventory management software is a must-have tool for any business tasked with overseeing and tracking large amounts of physical inventory. This software provides transparency into quantities, locations and other aspects that are key for successful inventory management.

With so many options available, choosing the right online inventory management software for your business can be an overwhelming endeavor. Fear not, because we are here to help. Read on to learn more about online inventory management systems. Here’s what we’ll cover:

What Is Online Inventory Management Software?
Common Functionality of Online Inventory Management Software
Benefits of Online Inventory Management Software
Key Considerations for Inventory Management Software

What Is Online Inventory Management Software?

Online inventory management systems offer the same benefits and functionalities as on-premise inventory management software—but with the added convenience of cloud-based deployment. Key capabilities of this software include:

  • Categorizing products
  • Automatic ordering
  • Sales and purchase order tracking

Online inventory management software is accessed through the internet, rather than through a program installed on your physical computers and servers. This greatly reduces your company’s hardware requirements. What’s more, the subscription-based pricing plans these systems typically offer tend to be less expensive than the traditional, desktop-based systems. This makes online inventory management software a cost-effective option for small businesses.

Common Functionality of Online Inventory Management Software

Most online inventory management systems offer a robust combination of tools and capabilities. This table lists some common functionalities of this software, all of which can have a positive impact on your business.

Real-time inventory management Allows you to see your stock levels, incoming and outgoing orders, shipping information and a whole host of other measures in real time. This enables you to improve tracking and make informed decisions using up-to-date knowledge of your inventory.
Item variations This categorization capability is an essential function of most online inventory management systems. It allows you to store key product variations and differentiations in order to quickly and conveniently organize your inventory based on specific details, such as product color.
Scanning To more easily identify and input products in the system, many solutions use barcode or radio frequency identification (RFID) tags. Scanning these tags with barcode scanners or other devices provides information on the product, as well as actions that can be taken to manage it (e.g., mark it as received, sold or shipped).
Reporting and analytics Provides access to user-friendly, data-driven dashboards articulating inventory levels, sales reports and other information you need. With this information in hand, you can make smarter decisions and optimize key components of your business, including pricing, shipping, purchasing and reordering.
Multichannel inventory synchronization You may sell your products through multiple channels, including online and retail stores. The solution should be capable of providing the exact inventory status by checking all the channels where sales are occurring. Also, inventory should be synchronized with the order management module that notifies customers immediately if any product is out of stock.
Automatic updates Most tools offer real-time inventory status updates, as inventory management is the most critical task in running a business. It allows managers to check that inventory is stocked and fulfilled from warehouses for every order. Also, in case of low inventory or out-of-stock items, an automatic update is sent to warehouse managers that informs them to take action and order new inventory.

Benefits of Online Inventory Management Software

The insights gathered from inventory management software should aid the growth of your business. Choosing software that integrates with other systems used in your organization, such as customer relationship management (CRM) and accounting software, can provide you with even more detailed, accurate insights. This can help you set realistic goals and analyze business metrics.

Some of the key benefits of online inventory management software include:

Improved inventory ordering and control. Rather than toiling over an enormous spreadsheet to monitor inventory, this software enables you to easily manage it all. The system provides detailed, real-time stock levels as well as projections of future inventory requirements.

Reduced inventory costs. With accurate inventory monitoring and ordering capabilities, you can prioritize stocking items that generate the most revenue and delay restocking underperforming items.

Accurate forecasting. Reporting and analytics capabilities enable you to spot monthly, weekly and yearly trends. These trends can inform you of future inventory projections, so you can make sure you’re properly stocked on important items.

Mobile access. Using cloud-based inventory management, you can access your backend software from any compatible device with an internet connection. That means you can place and/or confirm orders, monitor inventory levels and complete a whole host of other tasks from anywhere, as long as you are connected to the internet.

Key Considerations for Inventory Management Software

As a new buyer, you should consider these key factors before making a purchase decision. Depending on the size of your business, your budget and other factors, it is not necessary to choose a product that offers every possible feature. Rather, it is wise to select a solution based on your immediate requirements and upgrade as the business grows.

Here’s what you should look for:

Integration with existing applications. The solution should offer integration with third-party CRM and accounting software to avoid duplicating tasks for end users. It should be able to automatically sync all customer, finance and order-related data with other systems and generate a consolidated report.

User-friendly interface. The software should have an easy-to-navigate interface that enables quick adoption within the organization. Training your staff on new technology can be expensive for SMBs. Therefore, the solution should be intuitive, require minimal training and ultimately, encourage usability among the staff.

Reliability and security. Software should enable administrators to manage access and permissions for each user and record their behavior in real time. It should also be able to protect the inventory database from unauthorized access, as this information is critical for the business.

Warehouse integration. Your business might have multiple warehouses in different states to store inventory and better serve customers across the country. It’s essential that each location is integrated so users can quickly view inventory levels. The solution should also allow users to select one warehouse as their primary location and fulfill their orders from a single screen.

 

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