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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.
 
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
 
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.
 
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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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
 
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
 
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
 
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
 
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

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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
 
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.
 
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
 
S2K Warehouse Management Software logo
 
S2K Enterprise Management Software by VAI is a cloud-based, integrated ERP system designed to manage midsize and enterprise businesses in the wholesale distribution, manufacturing and speciality retail industries, across many vertical... Read More
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S2K Enterprise Management Software by VAI is a cloud-based, integrated ERP system designed to manage midsize and enterprise businesses in the wholesale distribution, manufacturing and speciality retail industries, across many vertical... 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

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Oracle SCM Cloud logo
 
Oracle SCM Cloud is a cloud-based supply chain management solution that offers distribution, manufacturing, inventory management and fleet management within a suite. The product features product development, which allows users to... Read More
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Oracle SCM Cloud is a cloud-based supply chain management solution that offers distribution, manufacturing, inventory management and fleet management within a suite. The product features product development, which allows users to... Read More
 
Deltek Costpoint logo
 
Deltek Costpoint is an enterprise resource planning (ERP) and management solution designed to meet the requirements of midsize and large enterprise businesses. The solution primarily assists government contractors, professional service... Read More
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Deltek Costpoint is an enterprise resource planning (ERP) and management solution designed to meet the requirements of midsize and large enterprise businesses. The solution primarily assists government contractors, professional service... 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
 
Aptean Warehouse Management System logo
 
Aptean WMS is a web-based Inventory Management solution. It supports multiple stock rotation processes, serial number tracking, Hazmat, and more. Deployment is quick, and it's a great fit for companies in many industries.
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Aptean WMS is a web-based Inventory Management solution. It supports multiple stock rotation processes, serial number tracking, Hazmat, and more. Deployment is quick, and it's a great fit for companies in many industries.
 
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
 

FrontRunners® for Inventory Management, March 2018

Powered by Gartner Methodology

What Is the FrontRunners Quadrant?


A Graphic of the Top-Performing Inventory Management Products

FrontRunners quadrants highlight the top software products for North American small businesses. All products in the quadrant are top performers. Small businesses can use FrontRunners to make more informed decisions about what software is right for them.

To create this quadrant, we evaluated over 300 Inventory Management products. Those with the top scores for their capability and value made the quadrant.

Scores are based largely on reviews from real software users, along with other product performance details (e.g., what features they offer, how many customers they have).

Is One Quadrant Better Than the Others?


Nope, Products in Any Quadrant May Fit Your Needs

Every product in this quadrant offers a balance of capability (how much the products can do) and value (whether they’re worth their cost) that makes them stand out in the race for small business software success.

FrontRunners has four sub-quadrants:

  • Upper Right = Leaders: Leaders are all-around strong products. They offer a wide range of functionality to a wide range of customers. These products are considered highly valuable by customers.
  •  
  • Upper Left = Masters: Masters may focus more heavily on certain key features or market segments than Leaders do. If you need a more specialized set of functionality without bells and whistles, then a product in the Masters quadrant might be right for you.
  •  
  • Lower Right = Pacesetters: Pacesetters may offer a strong set of features, but are not rated as highly on value. For example, a Pacesetter might offer greater functionality, but cost more.
  •  
  • Lower Left = Contenders: Contenders may focus on a more specialized set of capabilities that are priced at a higher point. This makes them ideal for companies willing to pay more for specific features that meet their unique needs.

Depending on the specific needs of a software buyer, a product in any of these sub-quadrants could be a good fit.

Why? To even be considered for this FrontRunners, a product had to meet a minimum user rating score of 3.75 for both capability and value. This means that all products that qualify as FrontRunners are top-performing products in their market. They appear in the quadrant in relation to how their peers performed.

For some buyers, a specific FrontRunners sub-quadrant might be best. For example, vendors in the Leaders and Masters quadrants tend to offer more options when it comes to functionality, which means these systems might be more than some small to midsize businesses need. On the other hand, many of the vendors in the Pacesetters and Contenders quadrants are point-of-sale or SaaS systems with integrated inventory management features that may be a better fit for smaller retailers.

You can download the full FrontRunners for Inventory Management report here. It contains individual scorecards for each product on the Frontrunners quadrant.

How Are FrontRunners Products Selected?


Products Are Scored Based on User Reviews and Other Data

You can find the full FrontRunners methodology here, but the gist is that products are scored in two areas, Capability and Value.

To be considered at all, products must have at least 20 reviews and achieve minimum user rating scores. They also have to offer a core set of functionality—for example, inventory control and auditing features.

From there, user reviews and other product performance details, such as the product's customer base and the features it offers, dictate the Capability and Value scores. Capability is plotted on the x-axis, and Value is plotted on the y-axis.

Got It. But What if I Have More Questions?


Check Out Our Additional Resources!

For more information about FrontRunners, check out the following:

Have questions about how to choose the right product for you? You’re in luck! Every day, our team of advisors provides (free) customized shortlists of products to hundreds of small businesses.

  • Simply take this short questionnaire to help us match you with products that meet your specific needs.
  •  
  • Or, talk to one of our experienced software advisors about your needs—it’s quick, free, and there’s no-obligation—by calling (844) 687-6771.

One Last Thing—How Do I Reference FrontRunners?


Just Follow Our External Usage Guidelines

Check out the FrontRunners External Usage Guidelines when referencing FrontRunners content. Except in digital media with character limitations, the following disclaimer MUST appear with any/all FrontRunners reference(s) and graphic use:

FrontRunners scores and graphics are derived from individual end-user reviews based on their own experiences, vendor-supplied information and publicly available product information; they do not represent the views of Gartner or its affiliates.

Runners Up

Providers listed as Runners Up were considered for inclusion in the quadrant, but were ultimately not included for one or more reasons: they did not have enough reviews; they did not meet the reviews score minimum; they did not meet the ultimate Value and Capability minimum scores; or they did not meet our functionality requirements for the market.

3G-TM
3PL Warehouse Manager
3PLink
ABC Inventory
ABM Inventory
Accolent ERP
AccountEdge
AccountMate
Accruent
Advanced ERP
Agiliron
Agility ERP
Akti
Aljex
Allotrac
AlloyERP
Anywhere Desktop
Aplicor 3C
Apttus Revenue Management
ArbiMed
ASAP Systems
AscendTMS Logistics Software
Asentex Contract Management
Asset Panda
Asset4000
ATEC-WM
Atlas Planning Suite
AutoFluent
Avangate
Avercast Forecasting Solutions
Backstore
BarTender
Basware
Bellwether Purchasing Software
BigStore Inventory
Bindo POS
BizAutomation
BizSlate
Black ICE CRM
Blue Link ERP
BlueCart
Brahmin Solutions
BrandOrder
BravoSolution
Bright Suite
Brightree
Building Supply Controller
C-Store Office
CallidusCloud CPQ
Carta
CaseBlocks
CellSmart POS
CentralBOS
ChannelApe
ChannelGrabber
ChannelSale
Channergy
Checkout Professional
Ciiva
Cloud Catalogue
Cloud Logistics
Cobblestone
Collaborative Supply Portal
ConsignCloud
Contalog
CoreCommerce
CoreIMS
Costpoint 7
CountIT
Courierscripts
Craftybase
CrossPostIt
CS-Cart
dapulse
dayTRACK
DCS Inventory Software
DealersLink
Deskera ERP
Deskera MRP
Device42
DispatchTrack
DistributionPlus
Dr Dispatch
Dynamic Inventory
EasyEcom
EazyStock
ecomdash
Ecount ERP
Elastic
EMERGE App
Ensolva
Enspire Commerce
EqMARS
ERP MARK 7
ERP123
ERPAG
erplain
ERPLY
eTurns
Exact ERP
Field Harmony
Field Service Management by Corrigo
FieldService360
FinancialForce Accounting
FinancialForce Inventory Management
FinancialForce Supply Chain Management
Fixed Assets Tracking
Fleetio
Flowtrac
Flux Inventory
FMIS Asset Management
Focus RT
Forest Metrix
Form.com (Suite)
Forward Thinking GPS
FR8nex
Freestyle Solutions
FreightMaster TMS
Freightview
galleryManager
GiftLogic
GoCodes Asset Management
GOIS
GroovePacker
HandiFox
Harmony PSA
Herschel ERP
HighJump Warehouse Management System
HighJump WMS
HighLine
HotSchedules
IBM Maximo as a Service (MaaS)
Icertis Suite
INFIN
Infoplus
Infor CloudSuite Business
Infor EAM
Infor ERP
IntelliTrack Inventory
INTUENDI
Intuit QuickBooks Enterprise
Inventoria
Inventory Pro
InventoryTrack
Inzant Sales
irms|360 Warehouse Management System
Jazva
JDA Inventory Optimization
JIRA Software
Kechie ERP
KeepStock
Kenandy Cloud ERP
Khaos Control Cloud
Kinaxis RapidResponse
kintone
Knack
Kuebix TMS
Lead Commerce
Linnworks
LivePOS
LogicBox CRM
Logimax
LogistaaS
Logiwa
MageMob Inventory
Magento
Maintenance5000
MaitreD POS
MapYourTag
MarginPoint Mobile Inventory
Marketman
Mars Inventory Workstation
Masterworks
MercuryGate TMS
Mi9 Retail
MicroBiz Cloud POS
Microsoft Dynamics GP
MIE Trak Pro
MRPEasy
MultiFlex RMS
NCR Counterpoint
NebuCore
NolaPro
Novatek Suite
Novatus Contracts
Now Commerce
Odoo
OfficeBooks
Officewise
On-Demand TMS
OneUp
Oracle SCM Cloud
Ordant
Orderbot
OrderHarmony
Orderry
Ordoro
PackManager
Paragon ERP
Passport
Pinnacle Cart
Plex Manufacturing Cloud
Point of Rental
Pomodo Tech
POSIM EVO
PowerHouseWMS
Precoro
Primaseller
Propago
Pulse Commerce
Q Ware CMMS
Ramco ERP
Raptool
REACS Inventory Optimization
Real Time Freight TMS
Red Rock Warehouse Manager
RedBeam
RELEX
RestockPro
RetailOps
Revel iPad POS
RF Pathways
RICS
Roadnet Transportation Suite
Rubberstamp
RunIt RealTime
Sage ERP Suite
Sage X3 Enterprise Management
SalesBinder
SalesWarp
SAP Financials
SeeControl
Sellbrite
SellerActive
SellerCloud
SellerExpress
SellerVantage
Sellsy
ShareMyToolbox
ShipBob
Shipedge
Shipfusion
ShipHero
ShipMonk
ShippersEdge TMS
ShippingEasy
ShipStation
ShopKeep
Shopping Cart Elite
Shopventory
SIMMS Inventory Management
SimpleConsign
SKULabs
SkuSuite
SkuVault
Slingshot's Inventory and Warehouse Management
SMACC
SmartField
Snappii Mobile Apps
Solid Commerce
Solid Route Accounting
Sonic Fusion
SOS Inventory
Square for Retail POS
Statii
Stock&Buy
SupportSync
SureDone
SwiftCOUNT
Syndustry Equipment
SynergySuite
SYSPRO Inventory Management
Systum
TapHunter
TECSYS Distribution Management
TECSYS Warehouse Management
The Asset Guardian (TAG)
Tigerpaw One
TMW Suite
tofino
TPSynergy
TrackVia
Tract Systems
TradeGecko
Tranquil
TrueERP
TRXio
Turnsmith
UltraShipTMS
Vanguard IBP for Supply Chain
VeraCore Fulfillment Solution
VersAccounts
Vin eRetail
VISCO
WaerLinx
Wasp Inventory Control Software
Web Suite Pro
WebDPW
Windward System Five
WooCommerce
Xero
Xotelia
Zentail
Zenventory
ZhenHub
ZingCheckout
Zoho Creator

Buyer's Guide

by Justin Guinn,
Market Research Associate
Last Updated: April 23, 2018


For any business that deals with large numbers of physical products, whether assembling them into their final form, transporting them from one location to another or selling them in a wholesale or retail environment, effectively controlling inventory is crucial to success. But with hundreds of inventory management systems on the market, selecting the right one can be a challenge. This buyer’s guide is designed to describe the basic functions of inventory management software, identify the different types of systems available and help you navigate an otherwise complex and fragmented selection process.

Here’s what we’ll cover:

What Is Inventory Management Software?
Common Features of Inventory Management Software
Market Trends to Understand
What Type of Buyer Are You?
Recent Events You Should Know About

What Is Inventory Management Software?

In product-based industries it’s critical to maintain the right inventory levels. Ordering too much of a product leads to excess storage and/or overstock costs, while ordering too little (or the wrong) product can result in losing a sale, a customer or valuable production time.

Inventory management software is designed to optimize your processes for ordering, storing and tracking inventory, so these kinds of problems don’t happen. Depending on your industry, these solutions can allow you to:

  • Instantly determine on-hand inventory balances
  • Track raw materials and stocked items
  • Sort different and similar products
  • Record works in progress and finished products
  • Manage lots

Inventory management software may be offered on-premise (meaning an organization installs the software locally on their own servers), or via Web-based deployment (meaning the software is hosted on the vendor’s servers and accessed by users through an Internet browser).

Purchase module in Fishbowl Inventory

Purchase module in Fishbowl Inventory

Industries that commonly use inventory control software include retail, distribution, manufacturing and construction.

Common Features of Inventory Management Software

Product categorization Many businesses need to track inventory for dozens or hundreds of very similar products, and need an easy way to, for example, distinguish between a hundred different types of screws, or identify whether your retail store carries this pair of jeans but in a different size or color. This is an essential function of an inventory systems for almost all users.
Sales/purchase orders Though the details vary by industry, your inventory control system will have a way to track each product sale or order, wholesale purchase or build, or delivery, automatically adjusting the product quantity.
Electronic scanning A common way to track inventory, electronic identification is especially popular when large volumes of product are being moved. Many systems have a barcode or radio frequency identification (RFID) functionality to quickly and efficiently scan items that are received, sold, transferred etc.
Automatic ordering More advanced systems like SAP, Oracle and Microsoft Dynamics can be set up to automatically re-order a product when it gets below a certain quantity.
Dynamic product information Knowing that a certain product requires a four-week lead time to re-order could be a saving grace. NetSuite, Fishbowl, Epicor and other systems include this kind of information and provide alerts when they see that you may run out at current rates.

Market Trends to Understand

Advanced inventory controls. New tools are being developed that allow vendors to be proactive about keeping items fully stocked. They use “advanced slotting analysis” to identify historical inventory information, picking trends and warehouse shelving layout information, ensuring that re-orders happen on time, that dangerous items are not stored near each other and more.

Changes in inventory tagging. One-dimensional bar codes have been in use for decades, but recently new tracking technology has become more readily available and more cost effective for smaller businesses. This includes two-dimensional bar codes (which allow for much more information to be transmitted) and RFID tags.

Voice-picking and pick-to-light (PTL) technologies. These emerging technologies are designed to eliminate the paperwork in inventory picking for the manufacturing and distribution industries. PTL uses light technology to indicate the location of the items to be picked, generating the pick list automatically, while voice-picking uses voice recognition software to allow the manager to create pick lists verbally. Cadence and Exacta are two products that offer this capability.

Online/offline integration. With more and more small retailers building an online store in addition to a brick and mortar one, managing inventory control between these two sales channels presents a unique new challenge that many of them are ill-equipped to handle. This results in understocked items and loss of revenue. An RSR Research survey found that today’s most successful retailers manage their inventory as though the store is a distribution center, using their online system for all sales.

What Type of Buyer Are You?

With inventory tracking software, there are a number of crucial factors to take into account in selecting your software:

Industry. Retail inventory software is very different than manufacturing software, which is very different than distribution software. Each of these is designed to address the unique needs of that industry. And even within a particular industry, your specialty can make a huge difference—for example, there are retail inventory solutions that deal exclusively with auto parts, or restaurants, or gas stations, while other solutions are set up to operate across any retail market.

Company size. Controlling inventory in an individual store is not nearly as complex as controlling it across four or five locations, which is nowhere near as complex as maintaining inventory control across a 100-unit franchise. Be sure to select a system that fits your company size, so your needs are met without overpaying for robust capabilities you don’t need.

Software needs. Some businesses are looking only for inventory management, while others are looking for a full-suite solution that includes lots of other essential features—these features could include accounting, estimating, project and supply chain management, business intelligence, tool management and other features specific to your niche.

Recent Events You Should Know About

Oracle buys enterprise cloud services company NetSuite for $9.3 billion. Oracle acquired ERP vendor NetSuite for about $9.3 billion in July 2016. Both Oracle and NetSuite’s cloud service offerings will continue to be available in the enterprise segment market. The acquisition aims to give Oracle access to NetSuite’s smaller-sized clients. Oracle also hopes to gain a competitive edge over Salesforce with this move.

3PL Central acquires cloud-based inventory control software supplier Traker Systems. 3PL Central, a vendor of warehouse management software, acquired iTracker’s parent company Traker Systems to better serve the companies’ primary third-party logistics (3PL) customers. The iTracker team will be integrated into 3PL Central and will work on improving 3PL Central’s capabilities in transportation, cold storage and light manufacturing.

Arrow, eTurns team up to optimize inventories, maximize customer service levels. Arrow Electronics, a global distributor of electronic components, has teamed up with inventory management vendor eTurns to enable real-time visibility into customer inventories in a bid to improve customer service levels. Its customers will now be able to receive eTurns’s reporting and analytics capabilities. Also, eTurns replaced Arrow’s vendor-managed inventory (VMI) platform with its own solution.

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