Table of Contents
Introduction
Techssocial | Effective tracking and inventory management is a crucial part of a successful business. As a result, there are hundreds of software available to help you handle your inventory data. With so many options, it’s hard to find the right one. So, we have listed the top five stock control systems for different categories and industries.
Choosing the best inventory management software will be easier if you are clearly aware of your business needs. Since there various types of businesses and the requirements are different, they will also need different software for inventory optimization. After reading this article, you can compare and identify which inventory control system will work best for you.
Top Inventory Management Software
Every business has unique requirements, so the inventory software a business needs may differ from other businesses. Anyway, here we have listed the top five stock management software based on different industries and categories.
1. Best for Small Businesses: Zoho Inventory
Zoho Inventory is suitable for small businesses and beginners. If you’re just starting up, you can use the free plan of Zoho that offers pretty good features. It allows customers to accept backorders for out-of-stock products. It’s useful for drop shipping stores and supports multi-currency transactions. It’s the perfect option if you have a limited budget.
With the premium plan, you will get more features. It allows you to manage multiple warehouses, and you can use the batch tracking feature. If you have multiple drop shipping stores, you can greatly benefit from the premium features. Even though it’s suitable for small businesses, it can handle up to 30,000 orders with the most advanced plans.
2. Best for Manufacturing: Fishbowl Manufacturing
If you are looking for inventory software for a manufacturing firm, you should opt for Fishbowl Manufacturing. Since it provides advanced production inventory features like multi-level BOMs (Bill of Materials). This feature allows you to track your storage costs for every product easily. Along with that, it also offers multi-level work orders that allow you to group work orders.
However, keep in mind that Fishbowl has no cloud technology, and it’s available for desktops and laptops only. For more features like remote access to the warehouse and barcode scanning, you need to sign up for extra services. That means you have to invest in other software for virtual access to your inventory data.
3. Best for Restaurants: Upserve
Upserve is a special inventory software that works great for restaurant businesses. There several exciting features that allow you to focus on the expiration date and dynamic supply chain needs. The best thing about the software is it manages your inventory in a more customizable way that you will definitely love.
Upserve allows you to create recipes by entering the ingredients along with their amount into the software. When you sell any particular dish, it automatically deducts the respective ingredients so that you don’t need to check your inventory. This feature can increase your revenue because you can avoid wastage and determine better pricing for your dishes.
4. Best for E-commerce: Ordoro
When you have multiple sales channels, it’s harder to manage your inventory. With Ordoro, you can easily manage your multichannel selling inventory. This system allows you to manage all your sales channels allowing you to update all your inventory details separately.
Again, Ordoro makes your drop shipping business easier with the vendor management feature. Every time a customer orders for an item, it will directly send the order to the vendor, so the customers will receive their order faster. This feature will make your order processing faster that will result in a better customer experience.
5. Best in Terms of Budget: inFlow
If you have a limited budget, you can use the free plans of inFlow. Also, you can opt for the paid plans, which come as cheap as $71.00 per month. Since most of the features in this platform are automatic, you will not find it difficult to manage.
Although it offers an inventory management solution at a low price, one thing to keep in mind is it can process limited orders. It can process orders up to 5000 per month. So, you should consider this factor before you choose this platform. You can opt for Zoho, which is also affordable and can handle more orders per month. You can compare Zoho with Ordoro based on their features and pricing before you decide which one is suit.
Must Read: How can the POS system empower your business?
The Bottom Line
Lastly, consider your budget, the deployment platform (on-premise or cloud), customization, and integration of the software before you select. Moreover, you may need to hire a professional or service provider who can correctly deploy the system for you. Now that you have come across the top five inventory management software, please mention which one is suitable for your business.
Hemant is Digital Marketer and he has 6 + years of experience in SEO, Content marketing, Infographic etc.