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Stock Control 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.
 
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
 
Systum logo
 
Systum is a cloud-based enterprise resource planning solution for small to midsize businesses. Key features include marketing, customer relationship management, sales automation, e-commerce, inventory management and quoting and billing. Systum... Read More
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Systum is a cloud-based enterprise resource planning solution for small to midsize businesses. Key features include marketing, customer relationship management, sales automation, e-commerce, inventory management and quoting and billing. Systum... 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

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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
 
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.
 
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
 
Jazva logo
 
Jazva is a cloud-based e-commerce management solution with an array of functionalities for small to midsize B2B and B2C retailers that operate on a variety of online marketplaces and ship their goods from multiple warehouses or fulfillment... Read More
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Jazva is a cloud-based e-commerce management solution with an array of functionalities for small to midsize B2B and B2C retailers that operate on a variety of online marketplaces and ship their goods from multiple warehouses or fulfillment... 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

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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
 
Kechie logo
 
Kechie ERP is a cloud­-based ERP solution for small to midsize businesses. Kechie is a fully integrated suite of solutions, such as inventory management, supply chain management, sales, procurement, manufacturing, finance, and customer... Read More
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Kechie ERP is a cloud­-based ERP solution for small to midsize businesses. Kechie is a fully integrated suite of solutions, such as inventory management, supply chain management, sales, procurement, manufacturing, finance, and customer... 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
 
Dynamic Inventory logo
 
Dynamic Inventory is an inventory management solution that provides inventory control and tracking features. The solution is for small and midsize businesses and can either be installed on-premises or be hosted in the cloud. It helps... Read More
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Dynamic Inventory is an inventory management solution that provides inventory control and tracking features. The solution is for small and midsize businesses and can either be installed on-premises or be hosted in the cloud. It helps... 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

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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
 
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
 
MarginPoint Mobile Inventory logo
 
Marginpoint Mobile Inventory is a cloud-based inventory management solution that provides businesses in various industry verticals with tools for the management of warehouses, storerooms and fleets of service vehicles. Key features... Read More
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Marginpoint Mobile Inventory is a cloud-based inventory management solution that provides businesses in various industry verticals with tools for the management of warehouses, storerooms and fleets of service vehicles. Key features... 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
 
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
 

Buyer's Guide

by Lisa Hedges,
Content Analyst
Last Updated: August 7, 2018


Inventory control is a complex process with multiple moving parts, quite literally. Any business that deals in physical products needs to maintain its inventory, whether that means transporting or selling products, or assembling them into a different product. In each case, it's essential to always have the right amount of necessary goods on hand.

Selecting the right inventory control software to help you with this process can make your job a lot easier, but choosing that software can be a challenge. The subtle differences between "inventory control" and "inventory management" can also be confusing.

This article will help guide you through this process, so you can choose the inventory control system that best fits your business needs.

Here's what we'll cover:

What Is Inventory Control Software?
Inventory Control Software vs. Inventory Management Software
Common Features of Inventory Control Systems
What Type of Buyer Are You?
Benefits and Potential Issues
Market Trends to Understand

What Is Inventory Control Software?

Inventory control (sometimes also called "stock control," a term used synonymously) means monitoring a company's inventory of products to ensure that slow-selling or little-used items are not overstocked. This way, the business can save money, time and warehouse space by not acquiring products or materials that are unnecessary. The ultimate goal of inventory control is to create maximum profit from the least investment in inventory, without negatively impacting customer satisfaction.

Inventory control systems can automate the monitoring and tracking of your products via their inventory codes, eliminating the need for time-consuming pen and paper logs or Excel spreadsheets. The software relies upon tracking items via barcodes (which you can create and customize) as products move in and out of your warehouse. It can provide automated alerts and reports as those items are checked in or out by various parties.

Inventory Control Software vs. Inventory Management Software

Whereas inventory control is the process of ensuring that you have the ideal amount of stock, inventory management is focused on most efficiently organizing and managing stock, so that reorders happen at the exact right moment.

According to major inventory control and inventory management vendor Fishbowl Inventory, the difference can be stated as follows:

  • Inventory control: "Focuses on cutting the number of slow-selling products a company purchases. This saves businesses time and money because they don't have to spend lots of man-hours reordering and receiving goods that they don't really need."
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  • Inventory management: "Focuses on quickly and efficiently reordering products...Stocking up on products primarily because they can be obtained at a cheaper price will most likely lead to more products spoiling and becoming obsolete, as well as creating an inefficient use of storage space."

The two processes clearly complement one another, and thus many vendors will offer both inventory control and inventory management features, either in a shared package or divided up into separate offerings that can be integrated together.

Materials module in Fishbowl's inventory control software

 

The "materials module" found in Fishbowl Inventory's software

 

This buyer's guide will focus on the features that are specifically a part of inventory control systems, but we recommend you also check out our inventory management software buyer's guide.

Common Features of Inventory Control Systems

The most typical inventory control system features are explained in the following table:

Inventory tracking Enables you to track your entire inventory. This feature allows you to track your products by site, location, serial number, lot, date and/or pallet.
Barcoding Create an inventory system that fits your needs, with flexibility in creating your own inventory and shipping labels.
Check-in/out Track items as they move through the warehouse to employees, vendors or customers, preventing them from getting lost along the way.
Automated alerts Receive automated notifications about low inventory levels, expiring items, overstocked items and reorder points to help you better keep track of inventory levels.
Audits/reports Run periodic audits of your inventory and generate reports so you can track your stock and recognize problems before they develop.

What Type of Buyer Are You?

When considering inventory control software, you should take the following factors about your organization into account:

Industry. Your inventory control needs will vary greatly depending upon the type of industry you're buying for. Retailers will have very different needs from manufacturers, who will in turn have very different needs from distributors. Specific inventory control systems address the unique needs of different industries and may even have functionality that is directly suited to specialty niches within larger industries.

Company size. You should consider whether your company is a small business with one location; a midsize business with multiple locations within a relatively small geographical area or a large, enterprise-level business, with multiple lots located across a wide area. You will need an inventory control system that fits the needs of your particular business segment and the levels of complexity that come with any increases in size.

Be wary of overpaying for robust systems that have more capabilities than you need, but also be sure not to underestimate your needs.

Software needs. Consider carefully whether you are just looking for inventory control, or if you have greater automation, tracking and reporting needs. You may be looking to combine inventory control with inventory management, for example, or you may need an inventory control system that is part of a larger suite that includes other essential features such as supply chain management, warehouse management and/or business intelligence.

Benefits and Potential Issues of Inventory Control Systems

The obvious benefit of inventory control software is that it allows you to automate the process of tracking your company's inventory. It helps you figure out how much of a certain product you need to have in stock, without overages that mean you're stocking extra product with no attendant extra profit. Automation lets you take control of your inventory in a way that would prove exceedingly complex and complicated using spreadsheets or pen and paper.

Through inventory control, you can keep the right amount of raw materials and finished goods on hand and automatically place reorders at the right moment to maximize profit while minimizing stock overage.

However, because inventory control systems rely heavily upon barcode scanning, it does come with certain hardware requirements. Many vendors have mobile apps that can scan barcodes via smartphones or other mobile devices, while others may provide the necessary scanning hardware, potentially at an additional cost.

Market Trends to Understand

Here are some market trends you should consider as you select a product:

Mobile functionality. Largely provided by apps for phones and tablets, mobile functionality is a significant technological shift across most industries, and inventory control software is no different. In these contexts, apps connected to the inventory database can enable employees to scan barcodes throughout the warehouse without having to refer to a desktop computer.

Cloud-based software. Cloud-based systems, which are increasingly popular, require less hardware than on-premises software. They also require less IT knowledge (ideal for small businesses without an IT department), have lower upfront costs and are more quickly implemented, making them a good choice for smaller businesses in particular.

 

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