Updated January 27, 2025 at 9:57 AM
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Fishbowl’s powerful inventory management software is designed to help businesses streamline their operations, improve accuracy, and scale efficiently. It is widely known for its seamless integration with QuickBooks and Xero, making it an ideal solution for...Read more about Fishbowl
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The CoreIMS Inventory Management System (CoreIMS™) is a cost-effective inventory management system that provides flexibility in supporting complex warehouse operations. CoreIMS is designed to address a comprehensive set of warehouse needs, efficientl...Read more about CoreIMS
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NetSuite is a cloud-based business management suite that incorporates ERP, financial management, CRM, and eCommerce functionalities into a unified platform, helping organizations automate core processes and gain real-time visibility into operational and fi...Read more about NetSuite
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Sortly is an inventory management solution designed to help businesses of all sizes. The platform caters to a wide range of industries, such as construction, medical, warehousing and non-profit. Sortly allows users to track inventory, supplies, assets and ...Read more about Sortly
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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 users to use the ...Read more about GOIS Pro
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Kechie Distribution Management efficiently manages internal and external resources. Suited for growing businesses, the management tools provide control of replenishment, warehouse management, pick, pack, and ship, procurement, production, CRM, order manage...Read more about Kechie
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Cin7 Omni is a highly configurable inventory management and order management solution with built-in EDI and integrations to all the popular eCommerce platforms, marketplaces, and 3PLs. It's best-in-class for all combinations of B2B and D2C sales channels, ...Read more about Cin7 Omni
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You know how some companies struggle to get work done as efficiently as they should or could because of internal bottlenecks, bad data and lack of real-time coordination between back-office and front-line employees? Well, TrackVia has a way to digitize and...Read more about TrackVia
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Enterprise RFID Software Edgefinity IoT is designed for organizations needing comprehensive visibility across large industrial environments. Whether tracking large amounts of inventory, locating misplaced equipment, or ensuring employee safety, Edgefini...Read more about Edgefinity IoT
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Pulse's Buy & Bill Module streamlines the management of injectables, infusions, vaccines, and more. Clinics using Pulse see a reduction in claim denials, avoid costly appointment cancellations, and unlock capital tied up in inefficient inventory management...Read more about Pulse
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Finale Inventory helps to optimize inventory and warehouse workflows for growing sellers. Our software is Intuitive so that anyone can use it and cloud-based so reporting can be seen in real-time whenever you're on the go. Customizable to meet the unique n...Read more about Finale Inventory
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iM3 SCM’s Smart Warehouse Management (smartWMS) is a cloud-based software offered to its customers as a SaaS Application. iM3 SCM helps clients reduce their implementation costs to help increase ROI and productivity. From multi-channel order fulfillme...Read more about iM3 SCM Suite
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EZO (formally EZOfficeInventory) is a dynamic asset and maintenance management solution tailored for companies of all sizes. The cloud-based software works as you do and is accessible from anywhere and at any time. Track items across locations and departm...Read more about EZO
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Extensiv Order Manager powers order fulfillment, inventory operations, and business intelligence for brands and retailers looking to achieve a multichannel and/or multi-warehouse business model, focusing on monitoring and growing profitability. Users can...Read more about Extensiv Order Management
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eTurns TrackStock is a modern VMI app distributors can use to replenish their customers' stockroom and truck inventory in an optimized way. Using QR code scans or SensorBins, eTurns tracks usage and auto-replenishes. Distributor reps can use eTurns for eas...Read more about eTurns
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The Shipedge Platform was created to solve the challenges associated with the complete order management lifecycle and supporting activities. We’re dedicated to providing innovative solutions to make commerce easier and more connected. We're committed to p...Read more about Shipedge
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Linnworks is an all-in-one eCommerce inventory and order management solution. The platform provides a centralized system to manage the entire commerce operation. It is designed for eCommerce sellers, multi-product sellers, 3PLs, and Amazon FBA sellers. Th...Read more about Linnworks
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Odoo is a comprehensive, open-source suite of business applications designed to cater to the diverse needs of companies of all sizes. It offers a wide range of integrated apps that cover various business functions, from CRM and sales to inventory and accou...Read more about Odoo
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ShippingEasy is a cloud-based shipping and inventory management solution suitable for small to midsize e-commerce businesses. Key features include order management, label customization, integration with multiple seller channels, rate comparison and returns...Read more about ShippingEasy
Trunk is a cloud-based solution that helps small to large enterprises manage inventory and list products across multiple sales channels, streamlining business operations. It enables users to automatically link product listings with stock-keeping units (SKU...Read more about Trunk
Asset Panda is a cloud-based platform for facility managers that offers a suite of applications including asset tracking and maintenance management. It is compatible with Windows, Mac, iPad, iPhone and can be used from anywhere while updating data in real-...Read more about Asset Panda
Square for Retail is a cloud-based point of sale (POS) and retail solution for all retailers. Key features include inventory management, customer relationship management, reporting and employee management. The solution comes with built-in payment processin...Read more about Square for Retail
Looking for an inventory and order management system for your small or medium-sized business? inFlow is used in over 90 countries around the world for manufacturing, wholesale, distribution, ecommerce, and more. It's also simple to set up thanks to its clo...Read more about inFlow Inventory
Shopventory is a cloud-based inventory management solution that helps small to large enterprises streamline the entire supply chain life cycle, from order management to shipping. It enables users to create purchase orders and assign products to correspondi...Read more about Thrive by Shopventory
ShipStation is a multi-carrier, multi-channel shipping solution designed to expedite the shipping process for online retailers. Features such as batch shipping, discounted shipping rates, inventory and customer management, and custom branding helps streaml...Read more about ShipStation
This detailed guide will help you find and buy the right online inventory management software for you and your business.
Last Updated on January 27, 2025Online 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
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.
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. |
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.
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.