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Manufacturing Inventory Software


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Fishbowl Manufacturing logo
 
Fishbowl Manufacturing is a business automation and inventory management platform for small to mid-sized. It integrates with QuickBooks accounting. Fishbowl offers inventory control, material requirements planning (MRP) and job shop... Read More
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Fishbowl Manufacturing is a business automation and inventory management platform for small to mid-sized. It integrates with QuickBooks accounting. Fishbowl offers inventory control, material requirements planning (MRP) and job shop... Read More
 
Infor VISUAL ERP logo
 
Infor VISUAL is an Enterprise Resource Planning (ERP) System with end-to-end functionality built for manufacturing organizations looking for a complete solution that supports the entire operational lifecycle, from planning to sourcing,... Read More
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Infor VISUAL is an Enterprise Resource Planning (ERP) System with end-to-end functionality built for manufacturing organizations looking for a complete solution that supports the entire operational lifecycle, from planning to sourcing,... Read More
 
ECi M1 logo
 
ECi M1 is a complete on-premise enterprise resource planning (ERP) system that automates financials, inventory, production, sales/quoting, and production planning. The software is designed to meet the requirements of small to midsize... Read More
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ECi M1 is a complete on-premise enterprise resource planning (ERP) system that automates financials, inventory, production, sales/quoting, and production planning. The software is designed to meet the requirements of small to midsize... Read More
 
E2 Shop System logo
 
E2 by Shoptech Corporation brings all business operations into a single simple solution, from estimating to scheduling, purchasing, shipping and even customer management and accounting, with its easy-to-use solution. Designed specifically... Read More
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E2 by Shoptech Corporation brings all business operations into a single simple solution, from estimating to scheduling, purchasing, shipping and even customer management and accounting, with its easy-to-use solution. Designed specifically... Read More
 
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

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IQMS MES Software logo
 
IQMS’ flagship product, EnterpriseIQ ERP, is developed specifically for SMB and large discrete, and batch process manufacturers in the aerospace, medical device, automotive, food and beverage, consumer products, plastics, packaging... Read More
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IQMS’ flagship product, EnterpriseIQ ERP, is developed specifically for SMB and large discrete, and batch process manufacturers in the aerospace, medical device, automotive, food and beverage, consumer products, plastics, packaging... Read More
 
JobBOSS logo
 
JobBOSS is an enterprise resource planning (ERP) built for small and midsize manufacturers in North America. It allows key office and production staff to manage job information day-to-day to aid customer service and on-time deliveries.... Read More
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JobBOSS is an enterprise resource planning (ERP) built for small and midsize manufacturers in North America. It allows key office and production staff to manage job information day-to-day to aid customer service and on-time deliveries.... Read More
 
KeyedIn Manufacturing logo
 
KeyedIn Manufacturing is a cloud-based enterprise resource planning (ERP) solution specifically designed for custom, make-to-order and mixed-mode manufacturers. The solution offers manufacturers a solution that can be customized to... Read More
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KeyedIn Manufacturing is a cloud-based enterprise resource planning (ERP) solution specifically designed for custom, make-to-order and mixed-mode manufacturers. The solution offers manufacturers a solution that can be customized to... Read More
 
Global Shop Solutions logo
 
Global Shop Solutions offers a One-System ERP software to serve clients across manufacturing industries of all sizes. The multi-modular application comprises of independent modules for customer relationship management, inventory management,... Read More
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Global Shop Solutions offers a One-System ERP software to serve clients across manufacturing industries of all sizes. The multi-modular application comprises of independent modules for customer relationship management, inventory management,... Read More
 
Henning Visual EstiTrack ERP logo
 
Visual EstiTrack ERP is an on-premise solution for small to midsize shops that offers manufacturing execution management, light material requirements planning, product lifecycle management, supply chain management, customer management,... Read More
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Visual EstiTrack ERP is an on-premise solution for small to midsize shops that offers manufacturing execution management, light material requirements planning, product lifecycle management, supply chain management, customer management,... Read More

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Mar-Kov CMS logo
 
Mar-Kov CMS (Chemical Management System) was developed to meet the unique needs of process, batch, and formulation based manufacturers. By automating daily routine processes, companies are able to streamline their operations while... Read More
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Mar-Kov CMS (Chemical Management System) was developed to meet the unique needs of process, batch, and formulation based manufacturers. By automating daily routine processes, companies are able to streamline their operations while... Read More
 
MIE Trak PRO logo
 
MIE Trak Pro is an ERP offering that is ideal for manufacturing businesses with modules designed to accommodate most production cycles and optimize the capabilities of repetitive, custom, quick-turn and mixed mode operations. MIE... Read More
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MIE Trak Pro is an ERP offering that is ideal for manufacturing businesses with modules designed to accommodate most production cycles and optimize the capabilities of repetitive, custom, quick-turn and mixed mode operations. MIE... Read More
 
ProfitKey ERP logo
 
With over 30 years of experience in the ERP and Manufacturing markets, ProfitKey International has developed Rapid Response Manufacturing (RRM) to provide a fully integrated ERP and MES solution for small to mid-size manufacturers.... Read More
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With over 30 years of experience in the ERP and Manufacturing markets, ProfitKey International has developed Rapid Response Manufacturing (RRM) to provide a fully integrated ERP and MES solution for small to mid-size manufacturers.... Read More
 
Epicor Manufacturing logo
 
Epicor ERP is a fully integrated ERP solution with extensive functionality for accounting, inventory control, pre-production materials planning, and manufacturing execution (MES). The system is delivered either on-premise, hosted,... Read More
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Epicor ERP is a fully integrated ERP solution with extensive functionality for accounting, inventory control, pre-production materials planning, and manufacturing execution (MES). The system is delivered either on-premise, hosted,... Read More
 
Infor SyteLine ERP logo
 
Infor SyteLine ERP is a mixed-mode application for engineer-to-order, configure-to-order, repetitive and service-based manufacturers. It’s suitable for companies in industries such as aerospace, metal fabrication, plastics and rubber... Read More
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Infor SyteLine ERP is a mixed-mode application for engineer-to-order, configure-to-order, repetitive and service-based manufacturers. It’s suitable for companies in industries such as aerospace, metal fabrication, plastics and rubber... Read More

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OptiProERP logo
 
OptiProERP is a cloud-based enterprise resource planning (ERP) solution for small and midsize discrete manufacturers and distributors. Key features include supply chain management (SCM), purchasing, work orders, scheduling and quality... Read More
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OptiProERP is a cloud-based enterprise resource planning (ERP) solution for small and midsize discrete manufacturers and distributors. Key features include supply chain management (SCM), purchasing, work orders, scheduling and quality... Read More
 
Datacor Chempax logo
 
Chempax by Datacor is an integrated enterprise resource planning (ERP) and customer relationship management (CRM) application designed specifically for chemical process manufacturers and distributors. The solution can be scaled to... Read More
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Chempax by Datacor is an integrated enterprise resource planning (ERP) and customer relationship management (CRM) application designed specifically for chemical process manufacturers and distributors. The solution can be scaled to... Read More
 
E2 Manufacturing System logo
 
E2 Manufacturing System by Shoptech Corporation brings all business operations into a single solution, from estimating to scheduling, purchasing, shipping and even customer management and accounting, with its easy-to-use solution.  E2... Read More
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E2 Manufacturing System by Shoptech Corporation brings all business operations into a single solution, from estimating to scheduling, purchasing, shipping and even customer management and accounting, with its easy-to-use solution.  E2... Read More
 
Realtrac logo
 
Realtrac is an on-premise job management solution designed for job shop manufacturers and modular machine shops. It helps small and midsize manufacturers to schedule workflows, manage shop operations, track inventories, manage purchases... Read More
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Realtrac is an on-premise job management solution designed for job shop manufacturers and modular machine shops. It helps small and midsize manufacturers to schedule workflows, manage shop operations, track inventories, manage purchases... Read More
 
Priority logo
 
Priority is an on-premise and cloud-based enterprise resource planning (ERP) solution suitable for midsize to large businesses in many industry segments including manufacturing, apparel, electronics, food and beverage, industrial machinery... Read More
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Priority is an on-premise and cloud-based enterprise resource planning (ERP) solution suitable for midsize to large businesses in many industry segments including manufacturing, apparel, electronics, food and beverage, industrial machinery... Read More

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Buyer's Guide

by Lisa Hedges,
Content Analyst
Last Updated: December 13, 2017


Maintaining tight control over inventory is crucial for manufacturers operating in modern manufacturing environments where stock is kept at a minimum and orders are filled just in time (JIT). Manufacturing inventory software, sometimes referred to as manufacturing inventory control software, is one of the more traditional manufacturing applications. For this reason, there are more than 100 vendors that offer some form of manufacturing inventory management software.

This buyer’s guide, along with our manufacturing inventory software reviews, cover the essential information needed to make a purchase. Here’s what we’ll cover:

What Is Manufacturing Inventory Management Software?
What Type of Buyer Are You?
Benefits and Potential Issues
Market Trends to Understand

What Is Manufacturing Inventory Management Software?

Inventory management software helps optimize supply levels so manufacturers always have what they need as orders are placed, without tying up capital in excess parts or ingredients. The systems allow manufacturers to instantly determine on-hand inventory balances, which is useful for financial planning. In addition to tracking raw materials and stocked items, the system also records work-in-progress (WIP) items, finished products and more.

Most inventory systems will track purchased material and stocked items by lot number and/or serial number. Inventory management solutions use these numbers to track and locate in-stock items and produce picking information for item retrieval. Many systems have barcode, or radio frequency identification (RFID), functionality to scan items that are received, picked or transferred. Inventory management systems can also track purchase orders and other value information that is helpful for accounting.

What Type of Buyer Are You?

Before deciding on which system best fits your needs, it’s important to determine what type of buyer you are. More than 90 percent of buyers typically fall into one of these three categories:

Full-suite buyers. These buyers appreciate the integration that a solution from a single provider offers. Having a single system control all manufacturing functions improves information sharing between applications. For instance, a full-suite system can manage inventory picking, product assembly and invoicing from a single source.

Multi-location manufacturers. Operating multiple facilities adds a layer of complexity to the software requirements. These buyers need to track inventory for multiple facilities and balance levels across a geographic region. For manufacturers with international operations, the system should include multi-currency and multi-language support.

Small manufacturers. These buyers have straightforward requirements and need a system to improve data entry and inventory tracking. Small manufacturers are typically transferring over from pen and paper to a more automated system and only need basic inventory control functions such as order processing and lot/serial tracking.

Benefits and Potential Issues

In order to remain competitive in today’s global economy, manufacturers need to reduce excess inventory and have the capability to manage stock levels with an automated system. Here are a few of the benefits and potential issues that accompany a manufacturing inventory management system.

Time savings. An inventory system will reduce the amount of time spent processing and recording. It also enables manufacturers to immediately find the location of an in-stock item and check availability in real time.

Improved inventory accuracy. Fewer manual entry mistakes, such as logging the same inventory item twice, are made using an an electronic system. Getting a better grip on inventory management will also help reduce potentially costly manual recording errors.

Implementation difficulties. Implementing a comprehensive inventory management solution can be expensive and time consuming. Furthermore, manufacturers have to start from a clean physical inventory so the system can work off a well-organized inventory from the beginning. This can be very labor intensive.

Market Trends to Understand

Time and again different inventory management concepts, such as lean manufacturing, Kanban, six sigma methodology and 3D printing, arise to make the manufacturing process more efficient. Inventory management is moving away from the manual process, which is onerous and prone to errors. Instead, it is moving toward digital technology, which constitutes web services, mobile and internet of things (IoT). Therefore, manufacturers are looking for digital solutions that can help them manage their inventory efficiently.

Manufacturing inventory software is a niche market that is still evolving as its adoption in manufacturing organizations is increasing. Before buying a manufacturing inventory solution, decision makers should consider the following industry trends when they are evaluating a solution:

Smart inventory tracking. One-dimensional barcoding has gained a foothold in industrial and inventory tagging. Advanced systems use RFID, which enables remote monitoring to track the inventory status and product availability. Manufacturers can track products throughout the supply chain in real-time to help reduce instances of theft and spillage. In addition, real-time inventory report generation helps manufacturing and supply chain professionals to monitor business performance and take corrective actions.

Adoption of web-based platforms. There has been a gradual shift in manufacturer’s preferences from on-premise to cloud-based solutions. One of the reasons for this shift is that software-as-a-service (SaaS) solutions require very little upfront investment. In addition, the digital infrastructure helps companies save maintenance.

Enhanced business intelligence. Manufacturers are increasingly looking to track and analyze their inventory levels to understand lead time, analyze the variability in product demand and avoid inventory stock outs. Advanced manufacturing inventory solutions provide real-time business intelligence and analytics features to improve planning and strategic decision-making capabilities by providing timely updates.

Access from mobile applications. Inventory professionals have moved from working at a fixed, single location to mobile workstations. These mobile workstations are typically connected through wireless networks and operate in remote locations. To facilitate business operations from these mobile workstations, manufacturing inventory software vendors offer mobile applications that can be accessed 24/7 from any mobile device. Moreover, these mobile applications share notifications whenever an order is received, confirmed, packed, shipped and delivered to the user.

Internet of things (IoT). With this technology, internet-connected sensors communicate without any human intervention. Though it is still in its nascent stage, this technology is expected to grow exponentially and disrupt supply chain and manufacturing operations. Small businesses should keep a watch on this initiative and prepare themselves for IoT in the future.

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