Find the best Online Inventory Management Software

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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 (828 reviews)

75 recommendations

Flowtrac

Flowtrac is a cloud-based and on-premise warehouse management solution that helps companies manage their Inventory, Assets, Warehouse, Work In Process, and other specialty tracking requirements. The solution is suitable and deploy...Read more about Flowtrac

4.7 (52 reviews)

51 recommendations

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 (1450 reviews)

46 recommendations

SKULabs

SKULabs is a cloud-based inventory management and order fulfillment solution for small, midsize, and enterprise organizations. It helps e-commerce retailers and distributors manage their warehouse operations. SKULabs helps warehou...Read more about SKULabs

4.6 (37 reviews)

23 recommendations

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eTurns

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 r...Read more about eTurns

4.4 (66 reviews)

13 recommendations

ArbiMed Inventory

ArbiMed Inventory is a cloud-based inventory management solution designed for the medical and other clinical industries. With ArbiMed Inventory, medical professionals and administrators can easily track valuable medical assets fro...Read more about ArbiMed Inventory

4.3 (39 reviews)

11 recommendations

Finale Inventory

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. Customi...Read more about Finale Inventory

4.7 (204 reviews)

10 recommendations

Kechie

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, pro...Read more about Kechie

4.6 (30 reviews)

10 recommendations

Pomodo

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 produc...Read more about Pomodo

5.0 (3 reviews)

9 recommendations

NeverOut WMS

NeverOut WMS is a complete warehouse management system, designed to manage all facets of a warehouse resulting in a virtually 100% accurate inventory. NeverOut WMS features include Inventory Management (real-time accuracy), O...Read more about NeverOut WMS

5.0 (1 reviews)

7 recommendations

Agiliron

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 about Agiliron

4.5 (41 reviews)

5 recommendations

Versa Cloud ERP

Versa is Modern all-in-one Cloud ERP software created for fast growing inventory heavy manufacturing, distribution, and e-commerce businesses moving to the next level. Versa Cloud ERP is ideally suited for for businesses focused...Read more about Versa Cloud ERP

4.8 (22 reviews)

5 recommendations

Quickbase

Quickbase is a no-code collaborative work management platform that empowers citizen developers to improve operations through real-time insights and automations across complex processes and disparate systems. Here's why Quickbase i...Read more about Quickbase

4.5 (294 reviews)

3 recommendations

Lead Commerce

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 a...Read more about Lead Commerce

4.1 (14 reviews)

3 recommendations

TrackVia

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...Read more about TrackVia

4.5 (33 reviews)

2 recommendations

SAP S/4HANA Cloud

SAP S/4HANA Cloud is a cloud-based and on-premise enterprise resource planning (ERP) solution. It is suitable for small, midsize and large businesses in industries such as automotive, engineering, construction, mining, research an...Read more about SAP S/4HANA Cloud

4.4 (329 reviews)

1 recommendations

QuickBooks Desktop Enterprise

QuickBooks Enterprise is an accounting solution designed for SMBs across different industry verticals such as construction, nonprofit distribution, manufacturing, and retail. With QB Enterprise solution, any business owner can exp...Read more about QuickBooks Desktop Enterprise

Xero

Xero is a global small business platform with 3.95 million subscribers which includes core accounting, payroll, workforce management, expenses and projects. Xero also has an extensive ecosystem of connected apps and connections to...Read more about Xero

EZOfficeInventory

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 locati...Read more about EZOfficeInventory

Asset Panda

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 wh...Read more about Asset Panda

Buyers Guide

Last Updated: March 16, 2023

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.