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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.
 
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
 
TRXio logo
 
Available since 2009, TRXio by Cairnstack Software is a cloud-based inventory management system designed to help businesses of any size manage their assets, protect their brand, and comply with industry standards. Within the TRXio... Read More
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Available since 2009, TRXio by Cairnstack Software is a cloud-based inventory management system designed to help businesses of any size manage their assets, protect their brand, and comply with industry standards. Within the TRXio... 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

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TrueERP logo
 
True ERP is an operations management suite available in both cloud-based and on-premise formats which caters to SMB enterprises like wholesalers, construction firms and retailers, along with others. True ERP contains several different... Read More
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True ERP is an operations management suite available in both cloud-based and on-premise formats which caters to SMB enterprises like wholesalers, construction firms and retailers, along with others. True ERP contains several different... Read More
 
eTurns logo
 
eTurns is cloud-based software designed to manage remote stockroom inventories with eVMI sensors, iPhones/Androids, scanners or RFID. It aims to help customers optimize inventory at the point-of-use in order to reduce costs and deliver... Read More
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eTurns is cloud-based software designed to manage remote stockroom inventories with eVMI sensors, iPhones/Androids, scanners or RFID. It aims to help customers optimize inventory at the point-of-use in order to reduce costs and deliver... 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
 
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.
 
PomodoTech by ADI Business Solutions logo
 
PomodoTech Inventory Management Software delivers a solution for managing the inventory coming in and out of  businesses. Scalable enough to work with small or large businesses, this solution offers the ability add modules to expand... Read More
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PomodoTech Inventory Management Software delivers a solution for managing the inventory coming in and out of  businesses. Scalable enough to work with small or large businesses, this solution offers the ability add modules to expand... Read More

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3PL Warehouse Manager by 3PL Central logo
 
3PL Central's 3PL Warehouse Manager offers bar code scanning, billing management, RFID, EDI, and more to help third-party logistics operations manage multiple accounts and multiple clients more efficiently.
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3PL Central's 3PL Warehouse Manager offers bar code scanning, billing management, RFID, EDI, and more to help third-party logistics operations manage multiple accounts and multiple clients more efficiently.
 
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
 
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
 
Red Rock Warehouse Manager logo
 
Red Rock WMS from 3PL Central is a cloud-based inventory management system for companies doing retail distribution, e-commerce fulfillment and manufacturing. Red Rock WMS can integrate with QuickBooks, manage multiple warehouses,... Read More
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Red Rock WMS from 3PL Central is a cloud-based inventory management system for companies doing retail distribution, e-commerce fulfillment and manufacturing. Red Rock WMS can integrate with QuickBooks, manage multiple warehouses,... Read More
 
S2K Warehouse Management Software logo
 
S2K Enterprise Management Software by VAI is a fully integrated ERP system designed to manage mid-sized and enterprise businesses in the wholesale distribution, manufacturing and speciality retail industries, across many vertical markets... Read More
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S2K Enterprise Management Software by VAI is a fully integrated ERP system designed to manage mid-sized and enterprise businesses in the wholesale distribution, manufacturing and speciality retail industries, across many vertical markets... Read More

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Lead Commerce logo
 
Lead Commerce is an integrated order management suite that offers applications like inventory management, merchandise planning, and customer relationship management. The solution helps small and midsize businesses streamline and automate... Read More
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Lead Commerce is an integrated order management suite that offers applications like inventory management, merchandise planning, and customer relationship management. The solution helps small and midsize businesses streamline and automate... Read More
 
SAP Distribution logo
 
SAP ERP Financials is an application from the full SAP Business Suite. Serving almost any industry and any company size, it is a truly versatile ERP solution. Managing risk, compliance, and governance, SAP ERP Financials is effective... Read More
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SAP ERP Financials is an application from the full SAP Business Suite. Serving almost any industry and any company size, it is a truly versatile ERP solution. Managing risk, compliance, and governance, SAP ERP Financials is effective... Read More
 
Sage Inventory Advisor logo
 
Sage Inventory Advisor by Sage ERP is a cloud-based solution designed to help companies minimize excess inventory and stock outs. By connecting to Sage ERP data, the system delivers forecasts and inventory health checks while helping... Read More
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Sage Inventory Advisor by Sage ERP is a cloud-based solution designed to help companies minimize excess inventory and stock outs. By connecting to Sage ERP data, the system delivers forecasts and inventory health checks while helping... Read More
 
Oracle SCM Cloud logo
 
Oracle SCM Cloud offers a full suite of applications for companies to manage their supply chain, distribution, manufacturing, inventory management, and fleet.  Using product development, users can create a detailed bill of material... Read More
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Oracle SCM Cloud offers a full suite of applications for companies to manage their supply chain, distribution, manufacturing, inventory management, and fleet.  Using product development, users can create a detailed bill of material... Read More
 
RELEX Solutions logo
 
RELEX Solutions is a provider of supply chain management (SCM) software including demand forecasting, inventory planning, replenishment, allocation and supply chain analytics. RELEX systems are designed for midsize to large retailers... Read More
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RELEX Solutions is a provider of supply chain management (SCM) software including demand forecasting, inventory planning, replenishment, allocation and supply chain analytics. RELEX systems are designed for midsize to large retailers... Read More

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Buyer's Guide

by Justin Guinn,
Market Research Associate
Last Updated: December 5, 2017


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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