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

4.16 (791 reviews)

91 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

4.81 (39 reviews)

43 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

4.08 (1148 reviews)

35 recommendations

Infoplus

Infoplus WMS is a web-based warehouse management software solution for small to midsize 3PLs, eCommerce Retailers, and Wholesalers focused on taking control of overall inventory, warehouse operations and shipping. Key featur...Read more about Infoplus

4.66 (29 reviews)

30 recommendations

Finale Inventory

Finale Inventory is an intuitive, cloud-based inventory management system that is easy to use while also designed to scale to the demands of a growing business. Seamlessly handle all stock movements from purchasing through to sale...Read more about Finale Inventory

4.71 (187 reviews)

20 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

4.49 (36 reviews)

15 recommendations

Deskera Books

Deskera Books is an easy-to-use tool for business owners. The dashboard gives users a quick overview of orders, invoices, bills, receivables, bank account balance, and much more. Users can create professional invoices with a colle...Read more about Deskera Books

4.39 (64 reviews)

13 recommendations

ERP Gold

ERP Gold is an all-in-one order, inventory and shipping management software for E-commerce and multi marketplace retailers or wholesalers. It provides the easiest way to list, manage, and ship your inventory when selling on Amazon...Read more about ERP Gold

4.73 (15 reviews)

13 recommendations

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

4.41 (58 reviews)

11 recommendations

AltheaSuite

AltheaSuite Inventory Management is a comprehensive inventory management solution for all businesses. It's a cloud-based SAS solution and works on all modern web browsers and devices. This solution is developed with a strong focus...Read more about AltheaSuite

5.00 (9 reviews)

9 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

5.00 (3 reviews)

8 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

5.00 (1 reviews)

7 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

4.32 (38 reviews)

6 recommendations

CyberStockroom

CyberStockroom is a cloud-based inventory management solution targeting small, growing businesses. Key features include applications for inventory management, demand forecasting/replenishment, inventory planning, lot traceability ...Read more about CyberStockroom

4.60 (10 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

4.45 (251 reviews)

3 recommendations

Skubana

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 ...Read more about Skubana

4.83 (100 reviews)

2 recommendations

TrackVia

TrackVia is a workflow software development platform that allows users to create custom applications with a variety of uses. It is suitable for large organizations in most industries, particularly construction, manufacturing, heal...Read more about TrackVia

4.50 (32 reviews)

2 recommendations

BiznusSoft Inventory Management Suite

BiznusSoft IMS is a cloud-based inventory management solution. Key features include product catalogs, price/rate books, supplier lists, warehouse management, threshold management, and order fulfillment. Our IMS app allows users to...Read more about BiznusSoft Inventory Management Suite

No reviews yet

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 an accounting system designed for small and growing businesses. Xero connects small businesses with their trusted advisors and provides business owners with instant visibility of their financial position. As a web-based so...Read more about Xero

Buyers Guide

Last Updated: December 02, 2022

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.