Inventory Control Software is a dedicated solution for managing stock levels and locations. It resolves challenges like stockouts, overstocking, and inaccurate inventory counts that can disrupt business operations and profitability.This tool is of significant importance, providing accurate inventory tracking, streamlined order fulfillment, and efficient warehouse operations. Key functionalities include stock level monitoring, automated reordering, data analysis, and forecasting. Integration of AI and IoT for real-time tracking and predictive analytics functionality is promising.Industries such as retail, manufacturing, and e-commerce that maintain extensive inventories benefit most from this software. However, potential problems may include integration with existing systems and initial setup complexity.In summary, Inventory Control Software offers businesses substantial advantages by optimizing inventory levels, streamlining operations, and improving profitability. Even though integration and setup may pose initial challenges, the long-term operational efficiency and cost-saving benefits are substantial.
Based on the latest available data collected by SelectHub for 53 solutions,we determined the following solutions are the best Inventory Control Software overall:
Zoho Inventory garners positive reviews for its user-friendly interface, real-time inventory tracking, and affordability, particularly for small and medium-sized businesses (SMBs). Many appreciate its intuitive design, even for those new to inventory management, and its free plan, which caters to businesses starting out. Streamlined workflows and multi-channel selling support are frequently lauded, helping users automate tasks and manage inventory across various sales channels efficiently.
However, some users find the free plan's feature set limiting, lacking advanced functionalities like demand forecasting and integrations with popular third-party platforms. Customization also presents challenges for some, desiring more flexibility in tailoring reports and workflows. While a mobile app exists, it occasionally encounters glitches and lacks the full feature range of the desktop version.
Zoho Inventory stands out compared to competitors for its free plan and cost-effectiveness, attracting budget-conscious businesses. Users often praise its ease of use and intuitive interface, making it a suitable choice for those less tech-savvy. However, if extensive features, high customization, and robust mobile functionality are crucial, competitors like Square Online Store Inventory or Xero Inventory might be better suited for complex needs.
Ultimately, Zoho Inventory shines for its user-friendliness, affordability, and core inventory management functionalities. While it may not cater to every business need, its strengths resonate with budget-conscious SMBs seeking a user-friendly platform to streamline their inventory operations.
Finale Inventory provides comprehensive cloud-based solutions with a range of user-friendly features that help enhance inventory management processes. No iOS and Mac support is one major shortcoming of the software. Other than that, it sometimes loads slow, especially when transferring large amounts of data. There is no direct FBA integration as per user reviews. However, the support team is quite quick to resolve any issues. Flexibility and affordability are some other promising pros users commonly cite. Altogether, for non-Mac users, it’s a solid choice for those looking for an inventory management solution that does the job and is easy on the budget.
Ecomdash supports retailers looking for an inventory management and order fulfillment solution that’s easy to use and navigate. It doesn’t print barcodes, a notable drawback since that’s a substantial feature for a lot of online businesses that require help with order processing or inventory. Most reviewers state that it has a steep learning curve for new users. The majority of users also experience bugs in software updates. However, support is quick and effective at resolving such issues. Order processing and data uploads are other pros, aiding greater efficiency according to many reviews. All in all, it’s a good choice for companies that don’t require barcode printing or scanning.
inFlow is a good option for those looking for a product to assist with inventory management, providing a comprehensive set of capabilities to manage a variety of processes. However, it only works well with small businesses and can be expensive otherwise. Other drawbacks include that it only integrates one way with Shopify and suffers from some bugs. Most users with multiple warehouses find the tool ineffective as well. On the other hand, it has a user-friendly interface and is easy to learn, speeding up user adoption. Users also report that customer service is helpful. All in all, it can be a decent choice for smaller operations.
ShipMonk is extremely easy to use and navigate as most client reviews suggest. The customer support team is responsive and helpful in resolving challenges. Another benefit is that it provides accurate tracking and billing, which are quite detailed in nature. On the flip side, the lack of a mobile app is limiting and slow load speeds make it challenging to use, according to reviews. However, it offers a comprehensive set of capabilities, thus users need not invest in any other software for handling inventory and orders. This, coupled with its other strengths, make it a solid choice for inventory management software.
Canvus, a leading inventory management software, has received positive user reviews in the past year. Users appreciate its user-friendly interface, robust feature set, and ability to streamline inventory management processes. Canvus's strengths lie in its real-time inventory tracking, which provides accurate visibility into stock levels and helps businesses avoid overstocking or understocking. The software's integration with other business applications, such as accounting and CRM systems, further enhances its functionality.
Compared to similar products, Canvus stands out with its advanced reporting capabilities. Users can generate detailed reports on inventory levels, sales trends, and other key metrics, enabling them to make informed decisions about inventory management and optimize their operations. Additionally, Canvus offers excellent customer support, with users praising the team's responsiveness and helpfulness. This is particularly important for businesses that rely heavily on inventory management software and require prompt assistance when needed.
Canvus is ideally suited for businesses of all sizes that need to improve their inventory management practices. Its user-friendly interface and robust feature set make it accessible to both small businesses and large enterprises. The software's ability to integrate with other business applications and its advanced reporting capabilities make it a valuable asset for businesses looking to streamline their operations and gain greater visibility into their inventory.
Microsoft Dynamics GP is a comprehensive solution and offers multiple functions for HR, financial accounting, supply chain management and more. It provides smooth integration with Excel, and an option for additional add-ons. Their customer support team is quick and effective at resolving any issues that users may come across. It’s also user-friendly and easy to navigate. However, new users may experience a sharp learning curve, which is common for a software that delivers features to cover so many business functions. Occasional glitches and bugs, including slowing down when loading large reports, are other downsides that users cite. In short, SMBs looking for a tool with extensive features to manage diverse business processes may find it a good choice.
It allows for seamless integration with banks, financial management software, credit cards and more. The software also helps keep track of company bills and expenses, which you can easily download, share and categorize.
Some limitations include long wait for support and lack of direct contact for professional services. The system may experience slowness and lag at times. Integrations with solutions like Xero can also be complicated.
Its pricing plans start from $39 per month, and it offers a 14-day free trial. It offers both monthly and yearly subscription plans. Pricing can vary based on factors like the number of users, sales orders, sales channels and warehouse numbers. However, Its licensing price is high for the basic features provided and monthly licensing can be laborious.
Overall, QuickBooks Commerce is a comprehensive and affordable solution for organizations looking to streamline their inventory and accounting management operations and achieve better ROI.
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Inventory Control Software Is All About Stock Control and Managing Inventory Levels
By Amrita Chakraborty, Content Writer and Market Analyst at SelectHub
Whether you are a wholesaler, retailer or eCommerce business, it is crucial to have efficient inventory control software in place. Inventory management processes like these help maximize profits and prevent overstocking.
Businesses use inventory control software to optimize and assess their financial reports, inventory assets and account balances. Inventory control also involves warehouse management that helps in accurate forecasting, optimizations and analytics.
While you can manually conduct inventory control, it is easier to rely on automated systems. Inventory control software uses barcode scanner integration and RFID tags to automate individual object identification.
The improvement of inventory/sales ratio is due to the effective implementation of inventory control.
The goal is to minimize expenses and increase profits while meeting customer demands.
Although dealing with inventory and serving similar purposes, inventory control and inventory management offer different key functionalities. Inventory control helps manage the movement and usage of already existing inventory in your warehouse.
Inventory management offers a wider scope of planning, forecasting and maintaining optimum inventory levels. It involves streamlining the ordering process and product replenishment.
To operate inventory management efficiently, you’ll need to improve inventory control. Inventory management tools derive and analyze past inventory control data to identify imminent risks in the supply chain.
From quality control to accounting accuracy, having a strong inventory control system in place minimizes potential inventory risks.
Before you invest in inventory control software, let us look at some of its primary benefits:
Determining which inventory control software to choose can be daunting. The ideal thing to do is make a requirements list.
Let’s go through this list of features before you decide:
Barcode Scanning
Streamline high order volumes by using a barcode inventory system . A quick scan of labels updates product information in the system.
Demand Forecasting
Analyzing market trends and customer demands, it’s easy to determine and forecast what to restock and when.
Accounting Integration
Inventory control software integrated with accounting tools and CRM software is a major plus. This is because it aids in simplifying ledger posting.
Lot Monitoring
Use automation to keep track of recalled products and maintain a directory of said items for quick access.
You need to establish a few things to start your software comparison journey:
First thing’s first — you need to convince your executive team that a new or upgraded system will benefit the company. At the same time, you need to win over employees by showing them how a new system can help with their day-to-day work.
When you get the sign-off to begin your search, it’s time to lay out your requirements. Assemble a team of representatives from all departments using the software to ensure you address everyone’s core needs.
At this stage, you also need to determine your budget for the software. Having a budget combined with your requirements will help you compare solutions that meet your needs without going overboard.
With support on your side and your requirements and budget confirmed, start comparing products. Our inventory management comparison report can help you find the top vendors and create a shortlist.
Vendors base pricing on a handful of factors, so knowing what can influence the price tag is important. Ultimately, pricing will come down to the vendor, but we can give you an idea of what to expect.
One major consideration for pricing is your deployment preference — cloud-based, on-premise or hybrid. Hybrid isn’t as common as the other two, so we’ll focus on cloud and on-premise software.
Cloud products generally come with subscription pricing models. They’re typically monthly or annual subscriptions and can fluctuate based on the number of users. In addition, vendors usually handle security and maintenance for cloud products.
On-premise software, on the other hand, tends to come with one-time or recurring licensing fees rather than subscriptions. You’ll also need a strong IT department to handle security, manage upgrades and integrations, and address problems.
So, cloud-based software tends to have low upfront costs, but it can be costly over time. On-premise software tends to have high upfront costs, but it can be cheaper in the long run, especially if you already have a competent IT team for other purposes.
Another pricing consideration is functionality. It’s not uncommon for vendors to offer tiered packages with different levels of capabilities. The more you need, the more you pay.
It’s the same for customizations. Working with a vendor to customize a platform specifically to your needs will cost you far more than purchasing an out-of-the-box solution.
Again, it comes down to individual vendors. So keep these considerations in mind as you start comparing and talking to vendors.
We have researched, analyzed and curated a list of some of the best inventory control software to choose from.
Shopeventory, a cloud-based SaaS solution, tops our inventory control leaderboard. It caters to small and medium-sized businesses to manage stock quantities across multichannel sales platforms.
Track inventory and sales metrics, including in-stock quantities, quantity sold over specified intervals and a week-by-week chart of sales, using Shopventory.
Integrations with eCommerce solutions (Shopify, WooCommerce, Instagram Shops, etc.) and POS platforms (PayPal, Square, etc.) help you automatically monitor inventory and stock levels, track sales and set notifications across multiple sales points.
It includes features such as conditional alerts for stock quantities, product bundling, barcode cycle counts, purchase orders, and inventory and sales reporting.
ASAP Systems is a cloud-based solution designed to handle inventory needs for companies of any size. It provides inventory control and tracks inventory based on serial numbers, quantity and usage, and lots and batches.
Use ASAP’s stock dashboard to view an inventory snapshot, stock information, facility vacancies, and various graphs and charts.
It provides features such as barcode scanning, bundling and kitting, condition-based alerts, and substitutions for out-of-stock items. Signature capture allows you to track inventory at any stage, including moving, selling, shipping and delivering items.
It integrates with web services, billing and accounting platforms, CRM systems, help desks, email and instant messaging clients, and business analytics tools .
Zoho Inventory provides inventory control to small and medium-sized businesses via a cloud-based platform. It centralizes inventory information across multiple channels to automate stock and sales updates.
Manually adjust stock in Zoho Inventory with information like date of adjustment, account adjusted, available quantity, new on-hand quantity, adjusted quantity, reason for the change and a description.
It integrates with other Zoho products and third-party applications, including eCommerce platforms and shopping carts, accounting tools, analytics solutions, payment services, CRM software, and shipping systems.
It offers features such as listing, item kitting, reordering, stock adjustments, transaction verification and approval workflows to provide complete control over your inventory.
Starting internal dialogues are crucial to selecting the software best suited to your needs. Begin with a set of questions to start a discussion with the key stakeholders at your company.
Here are some questions you can start with internally:
Equally important is to determine some jumping-off questions for vendors about their company and their product. You can brainstorm questions during your internal meetings. Here are some examples of questions you may want to ask:
A new business or an already established one must have efficient inventory control software. From minimizing resources spent to optimizing cash flow, investing in an inventory control system is an ideal option for any entrepreneur.
The following expertteam members are responsible for creating, reviewing,and fact checking the accuracy of this content.
Ryan McElroy is a Content Editor and Senior Market Analyst at SelectHub who writes and edits content on various software types, along with their broader concepts and the industries they serve, including medical, construction, CMMS, supply chain management and legal. He studied at the University of Missouri (Mizzou) and earned his BA in Journalism in 2016. During his free time, you’ll find Ryan playing video/card/board games, sipping coffee and reading speculative fiction, or listening to music his loved ones often describe as “headache-inducing.”
Mohit has a degree and Master in Finance from Mumbai, India, his years of professional market research experience started in 2019. His expertise lies in categories such as Enterprise Resource Planning (ERP), Manufacturing, Inventory Management, Manufacturing Execution Systems (MES), Facility Management Software (FMS), POS Systems (Point of Sale) and more. Through his academic and professional background, he honed skills in attention to detail, navigating ambiguity, and analytical prowess, which uniquely equip him to manage and thrive in the dynamic landscape of these diverse categories. He's passionate about leveraging his knowledge and experience to contribute effectively to the assigned technology areas.
A seasoned business and research analyst, Kankana Kalita specializes in ERP, CMMS, manufacturing, construction, supply chain, HRMS and CRM. Prior to joining SelectHub, she earned a Bachelor's degree in Computer Science and Engineering, an MBA in Operations and Marketing, and worked in email marketing and logistics.
Hunter Lowe is a Content Editor, Writer and Market Analyst at SelectHub. His team covers categories that range from ERP and business intelligence to transportation and supply chain management. Hunter is an avid reader and Dungeons and Dragons addict who studied English and Creative Writing through college. In his free time, you'll likely find him devising new dungeons for his players to explore, checking out the latest video games, writing his next horror story or running around with his daughter.
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