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Finding software can be overwhelming. We've helped many businesses choose the right inventory management software so they can monitor stock and optimize ordering and storing processes.

Inventory Management Software

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Wasp Inventory Control

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
Rating:  35 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  114
Our advisors have recommended this product 114 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Fishbowl Inventory

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.
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  108
Our advisors have recommended this product 108 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Agiliron Inventory Management

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
Rating:  9 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  28
Our advisors have recommended this product 28 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Business Size:  S M L
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AdvancePro

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.
Rating:  24 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  17
Our advisors have recommended this product 17 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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FlowTrac

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
Rating:  13 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  16
Our advisors have recommended this product 16 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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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 automate... Read More
Rating:  13 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  11
Our advisors have recommended this product 11 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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TRXio

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
Rating:  8 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  11
Our advisors have recommended this product 11 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Systum

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
Rating:  6 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  10
Our advisors have recommended this product 10 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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eTurns

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
Rating:  20 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  8
Our advisors have recommended this product 8 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Goods Order Inventory System (GOIS­ Pro)

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
Rating:  1 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  7
Our advisors have recommended this product 7 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Red Rock Warehouse Manager

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
Rating:  1 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  6
Our advisors have recommended this product 6 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Business Size:  S M L
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Kn{owl}edge

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
Rating:  1 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  5
Our advisors have recommended this product 5 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Business Size:  S M L
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Before! Predictive Analytics

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
Rating:  0 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  5
Our advisors have recommended this product 5 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
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Business Size:  S M L
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S2K Warehouse Management Software

S2K Enterprise Management solution 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
Rating:  0 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  4
Our advisors have recommended this product 4 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Business Size:  S M L
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Latitude WMS

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
Rating:  31 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  3
Our advisors have recommended this product 3 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
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Business Size:  S M L
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Oracle SCM Cloud

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
Rating:  6 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  3
Our advisors have recommended this product 3 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
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Business Size:  S M L
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Shipedge

Shipedge is a cloud-based warehouse management solution for small, midsize and large enterprises. It caters to e-commerce warehouses, fulfillment service providers, third-party logistics companies (3PL/4PL), omni/multi-channel retailers,... Read More
Rating:  1 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  3
Our advisors have recommended this product 3 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
Deployments: 
Business Size:  S M L
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SIMMS Inventory Management

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
Rating:  13 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  2
Our advisors have recommended this product 2 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
Deployments: 
Business Size:  S M L
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3PL Warehouse Manager by 3PL Central

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.
Rating:  86 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  1
Our advisors have recommended this product 1 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
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Business Size:  S M L
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Aptean Warehouse Management System

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.
Rating:  3 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 119 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  1
Our advisors have recommended this product 1 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
Deployments: 
Business Size:  S M L
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Buyer's Guide

,
Content Analyst
Last Updated: July 21, 2018

Inventory Management Software Quick Summary

Inventory management software enables businesses with large volumes of physical products to keep track of those products through various stages along the supply chain. Features include product categorization, sales and purchase order tracking, electronic scanning and automatic ordering.

Retailers can typically use scaled-down systems focused on maintaining perpetual inventory, whereas businesses with complex supply chains often use the inventory management functionality in ERP systems.

Benefits of Inventory Management Software

While inventory can be tracked in Excel, spreadsheets only work for periodic inventory systems (i.e., inventory systems that are updated at intervals, say after stock takes). Inventory management software is necessary to enable a true perpetual inventory system, where inventory is updated continuously as sales are made and goods are received. Benefits include:

  • Greater inventory accuracy

  • Reduced reliance on stock takes

  • Simplified accounting

Competitive Advantages of Using Inventory Management Software

Inventory management software can offer a competitive edge for e-commerce retailers, logistics providers and businesses in other industries where margins can be razor-thin:

  • Better synchronization: E-commerce retailers can synchronize inventory across digital channels (e.g., eBay, Amazon, Shopify etc.), physical retailers can synchronize inventory across multiple stores and multi-channel retailers can synchronize e-commerce platforms with brick-and-mortar stores.

  • Greater efficiency: Inventory management systems can integrate with point-of-sale systems to update inventory in real time as sales are made.

  • Reliable tracking: Advanced inventory management in ERP systems enables end-to-end tracking of goods, from raw materials to retail shelf.

Business Sizes Using Inventory Management Software

Inventory management software is used by businesses of all sizes, across a variety of industries.

Our internal data shows that of a sample of 1,676 inventory management buyers who contacted us recently, most were small businesses, with 91 percent employing fewer than 100 people, and 75 percent generating less than $5 million annually.

  • Smaller businesses typically use a scaled-down inventory management system in conjunction with a point of sale system and an accounting system.

  • Larger businesses (and enterprise businesses) typically use the inventory management functionality of an ERP system, as these systems allow for inventory tracking across multiple links in the supply chain.

Software Related to Inventory Management

Inventory management functionality is included in a diverse group of software categories, such as:

Accounting software: Helps businesses automate their core accounting functions to more easily balance their books and provide proof of their financial standing. Systems typically include a centralized general ledger, accounts payable, accounts receivable, billing and invoicing and the ability to produce standardized reports.

Distribution ERP systems: These are required by a wide variety of businesses that operate in the middle of the supply chain between manufacturers and customers. Distribution software systems can feature a wide variety of functionality and features, including inventory management, warehouse management, customer management, order management and accounting.

Manufacturing ERP systems: Provides functionality to plan and execute projects from beginning to end, while automating materials planning, production tracking and scheduling and product lifecycle management.

Retail management systems: Many vendors combine point-of-sale systems with inventory management systems in a single platform. Retail ERP systems also include inventory management functionality.

Warehouse management systems: These systems are inventory control systems specifically designed for warehouse inventory that also offer software automation for crucial warehouse processes. Automating processes such as warehouse picking has been conclusively shown to be vastly more efficient than manual methods.

Features Guide


A List of Common Inventory Management Features

Product categorization
Tracks inventory according to item attributes such as size, color, lot/serial number etc.
Sales/purchase orders
Tracks each product sale, order, wholesale purchase, build or delivery and automatically updates the product quantity.
Automatic ordering
Advanced systems like SAP, Oracle and Microsoft Dynamics can be set up to automatically re-order a product when it falls below a certain quantity.

Specifying item attributes in Acctivate Inventory Management

Inventory Management Buyers' Top-Requested Features

At Software Advice, we've helped thousands of buyers find the right inventory management System. We've analyzed those interactions to determine the top-requested features by Inventory Management buyers, presented here:

Inventory Management Buyers' Top-Requested Features

The Inventory Management Features You Really Need

Small business
Perpetual inventory: Allows small retailers and e-commerce retailers to synchronize inventory across multiple locations and sales channels, both online and brick-and-mortar.
Midsize business buyer
RF support: Using barcode scanners for inventory control improves accuracy and substantially speeds up processes like receiving and pick/pack/ship.
Enterprise business buyer
Lot traceability: Manufacturers and large distributors are increasingly using lot and serial numbers to track products through their supply chains from raw materials to retail shelf.

Processing a purchase order in Fishbowl Inventory

Pricing Guide

How Inventory Management Software Is Priced

Typically, inventory management software is priced according to a number of factors. There are different pricing tiers for businesses of varying size, based on:

  • Number of users

  • Number of locations

  • Number of SKUs/products

  • Number of orders processed per month

  • Number of devices (client PCs, barcode scanners etc.)

In addition, whether the software is hosted online or on-premise can make a difference in up-front versus recurring costs.

What Businesses Typically Budget for Inventory Management Software

We looked at a sample of buyer interactions to compare how much businesses are willing to budget either for monthly fees for cloud platforms or upfront, one-time fees for on-premise platforms. We've broken this data down by business size in terms of number of licensed users, since licensed users is one of the primary factors affecting pricing for inventory management systems:

Typical Inventory Management Software Budget

Hidden Costs of Inventory Management Software

  • Hardware. Many businesses will need barcode scanners and printers, and retailers may also need hardware point of sale (POS) terminals.

  • Accounting integrations. Some vendors price their solutions based on how many accounting systems the inventory management platform integrates with.

  • End-to-end lot/serial number tracking. Businesses that need full traceability throughout the supply chain will need a full-blown ERP system, which is much pricier than scaled-down inventory management platforms.

FAQs

What Are the Key Functions of Inventory Management Software?

  • Perpetual inventory. With inventory management software, inventory is updated in real time as you receive purchase orders and process sales orders.

  • Elimination of manual processes. By using barcode scanners in conjunction with an inventory management system, you can speed up tedious processes such as stock takes/inventory counts.

  • Synchronized inventory. E-commerce retailers selling across multiple platforms/channels, retailers with multiple stores and distributors with multiple warehouses all need to synchronize inventory. This can't be done with spreadsheets, since inventory needs to be updated in real time, and requires an inventory management system.

What Questions Should I Ask Vendors When Evaluating Inventory Management Systems?

  • Do you integrate with my accounting software? Inventory management vendors typically support a range of accounting integrations out of the box, but they might not integrate with your particular system, or they might charge extra for the integration. If you're using QuickBooks, you should evaluate the many vendors that specialize in QuickBooks integrations.

  • How many active clients do you have in my particular industry vertical? Different industries track different things (e.g., color, size, expiration date, style, serial number). Many inventory management vendors specialize in industries such as apparel or pharmaceuticals. Vendors without experience in these verticals may claim to be able to handle an implementation in your industry, but implementation costs may be prohibitive and the functionality limited. Be sure your vendor has experience with businesses in your industry.

  • What level of support do you offer for warehouse processes? While many inventory management vendors claim to offer warehouse management functionality, typically it's basic, e.g., generating paper pick lists and tracking by warehouse location. If you need advanced features such as voice-directed picking or slotting, you may need to look into specialized warehouse management systems.

  • Do you sell POS systems? What other hardware will I need? Retailers in particular should evaluate inventory management vendors that also sell POS systems. Distributors will typically need barcode scanners, label printers and other hardware to go along with the inventory management system.

What Are Some Drawbacks I Should Watch Out For?

There are no real drawbacks to using inventory management software, but there are drawbacks to choosing the wrong vendor for your business.

  • Only ERP systems offer lot traceability. Lot traceability requires the using a lot number as an item attribute for inventory tracking in all of the supply chain/inventory management/accounting software a business uses. Realistically, businesses should consider an integrated ERP system for lot tracking.

  • Crucial functionality for certain industries is missing from many platforms. Businesses that price inventory by weight (e.g., meat vendors, produce distributors) need to weigh inventory at crucial points in the supply chain for costing and inventory tracking. This is known as "catchweight management," and it's only found in specialized products. Additionally, advanced expiration date tracking and costing will require specialized products.

  • Inventory management offers varying levels of support for supply chain functions. Inventory management solutions are frequently scaled-down in comparison to ERP systems. They may lack some support altogether for supply chain functions, such as procurement or route optimization (for businesses with their own fleets). Logistics providers or 3PLs should be particularly careful when choosing a platform, since they specialize in areas of the supply chain where some inventory management vendors lack functionality.

Tips & Tools

Build a Business Case for Inventory Management Software

Here are three major ROI drivers for inventory management software:

  • Improved inventory accuracy. Periodic inventory systems based on spreadsheets are inefficient and prone to human error. Once businesses hit a certain size, they can realize major cost savings simply by improving inventory accuracy.

  • Synchronized inventory. By synchronizing inventory across multiple physical stores and e-commerce channels, you can avoid stock-outs and satisfy customers.

  • Automation of manual processes. Spreadsheets are incredibly time-consuming, as are inventory counts and the pick/pack/ship process. By partially or fully automating these processes, inventory management software can make your business run much more efficiently.

Relevant Articles

Popular Inventory Management System Comparisons

Recent Events in Inventory Management

Oracle Buys NetSuite: In July of 2016, Oracle announced the purchase of Netsuite, a leading player in cloud inventory management.

Microsoft Launches Dynamics 365: In summer of 2016, Microsoft began consolidating its ERP and CRM offerings into a single product line—Dynamics 365. Some of the older editions of Dynamics are now being phased out.

Infor acquires Birst: In April 2017, cloud ERP giant Infor announced the acquisition of business analytics and data visualization vendor Birst. This move promises to considerably beef up the data visualization features of Infor's ERP line.

FrontRunners® for Inventory Management, March 2018

FrontRunners History: 

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.