8 Best Inventory Management Software for Ecommerce – 2023 Test
Are you struggling to sync your inventory across multiple online sales channels? What you need is inventory management software.
Many ecommerce businesses have an inventory management challenge.
According to a 2022 Baymard Institute report, 24% of online shoppers are abandoning their carts due to slow deliveries.
Although slow deliveries can be caused by various factors, one of the biggest causes is stockouts. While it’s easy to correct this situation by stocking more goods, overstocking can tie up your capital and impact your business negatively.
Whether you’re selling on one or multiple sales channels and shipping from one or multiple locations, you need to understand your stock movements. This is where inventory management software solutions come in.
With an inventory management system, you’ll be able to easily manage purchases, stock transfers, customer orders, and even product returns.
In this article, we review some of the best inventory management software for ecommerce to help you pick the right one for your business.
Best Inventory Management Software for Ecommerce
In deciding which inventory management tools to review, we looked at ease of use, affordability, advanced features, and scalability.
Here are the eight we found to be worth considering:
- Sortly – use a familiar folder structure to organize your inventory and get notified when stocktaking is due.
- inFlow – gain visibility into your production costs and determine the best-selling price for your goods.
- Fishbowl – use process automation to improve the efficiency of your ecommerce operations.
- Zoho Inventory – manage inventory like a pro, even when on a tight budget.
- MRPeasy – track orders with a manufacturing CRM and automatically schedule production depending on resource availability.
- Sage X3 – let your customers configure products to generate orders for custom goods.
- Trunk – get easy inventory synchronization across all your sales channels.
- Cin7 – track inventory from production to delivery using an inventory management system that comes with a B2B ecommerce platform.
Best Free Inventory Management Software for Ecommerce Businesses
Sortly is so simple that you’ll be forgiven for thinking that it doesn’t have anything to offer. With a folder structure that makes it super easy to navigate your inventory files, you’ll be up and running in no time.
Inventory aside, Sortly lets you collaborate with your team—and clients, too—to ensure your ecommerce operations are running smoothly.
Create and organize your inventory
Sortly’s uncluttered interface allows you to create individual items or do it in bulk by uploading a CSV file. You can organize your ecommerce inventory in folders with up to five sub-folders and add product images for faster identification. Using custom fields, you can add unique item details to help you track and differentiate between individual items.
You can boost productivity by collaborating with your team using the Sortly app. You can add customers to your conversations, assign permissions to each user to control data access, and audit user activities. For even more security, you can create periodic reports to monitor changes to your inventory.
Sortly is easy enough for you to immediately start tracking inventory levels and conditions. You can set up alerts to get notified when stocks are low or get reminded of scheduled activities such as stock-taking. For convenience, you can scan items using your smartphone and create inventory lists to help with audits.
Analytics and reports
Sortly uses filters to help you choose the reports you want. You have access to reports on stock movement across channels, stock levels based on set minimums, different types of inventory transactions, and more. You can filter reports by quantity, folder, tags, and more and export them in CSV and XLSX formats.
Sortly has a mobile app that is automatically synced to ensure you and your team are always on the same page. The app can work in offline mode, scan barcodes and QR codes, receive stock level alerts and view real-time inventory reports.
Which plan should you choose?
Free Plan is for you if you're looking for a visual inventory of fewer than 100 items.
Advanced Plan is best if you want to create QR codes for faster selling and receive alerts when stocks run low.
Ultra Plan is the right choice if you need to provide detailed product information through file attachments.
Enterprise Plan is best if your team needs training and the ability to integrate with other tools.
All plans support multi-currency transactions and allow you to import data via CSV and export it in either CSV or PDF. If the free plan is too limited for your needs, just choose between the Advanced and Ultra plans and start your free 14-day trial.
Best Inventory Management System for Manufacturing Startups
inFlow takes inventory management beyond purchasing and tracking and lets you design barcodes and labels, then print them from any device.
With inFlow’s full-featured mobile app, you can scan products for faster order fulfillment and transfer inventory between branches.
You also get detailed reports on inventory movements and sales performance that can help you improve your ecommerce strategy.
Order and inventory tracking
Get all the details you need about your inventory, including cost and profit, to determine how much to purchase and by when. inFlow checks your current stocks, including what has been reserved through customer orders, and lets you create re-order points that trigger notifications to re-stock. Also, you can track inventory across multiple locations and fulfill orders from your smartphone.
Track manufacturing parts and labor costs across the assembly line
When different parts are used to manufacture a product, it can be challenging to ensure you have everything needed to fulfill orders. With inFlow, you can track every component, track its cost over time, and see how much labor is needed for each assembly. With this data being updated in real-time, inFlow makes it easy to determine product costs and profits.
Barcode scanning and printing
inFlow lets you design barcodes, serial number stickers, labels, and price tags. You can design labels with product details, print them from your PC or smartphone, and create barcodes to identify purchase and sales orders. Since the mobile app has scanning functionality, you can confirm stock levels at any time and easily receive products in your warehouse.
Detailed stock reporting
inFlow comes with lots of pre-built reports that give you insight into your inventory movements and business profitability. These reports track inventory quantities across multiple locations as well as sales orders and their values. You can also analyze customer data, such as order history and frequency or account balances, to plan your billing and payment strategy.
inFlow’s mobile app provides access to the full system, enabling you to check inventory counts and even create sales orders from your phone. With the app, you can quickly answer customer queries, transfer stock between branches, and scan items and packages for order fulfillment.
Here is a quick guide on choosing the right plan:
Entrepreneur Plan is best if you're just getting started and only need to integrate with one sales channel.
Small Business Plan is best if you want a quick way to start selling to B2B customers.
Mid-Size Plan is best if you want to customize your B2B portal and automate abandoned cart emails.
Enterprise Plan should be your choice if you're managing a growing team and need API access to integrate with other business apps.
If you exceed your monthly sales order limit but don’t need advanced features, you can increase the limit in batches of 200 for $19.
Best Inventory Management Software for Automating Ecommerce Workflows
Fishbowl is an enterprise resource planning solution that includes comprehensive inventory management features to power both warehouse and ecommerce operations.
With an emphasis on automating inventory and ecommerce processes, Fishbowl helps you increase efficiency among purchasing, manufacturing, and sales teams, boosting productivity and overall profitability.
Inventory control and management
Fishbowl makes it easy to stay on top of your inventory needs and processes, ensuring that your ecommerce business has optimal stock levels. You can mark inventory as available or committed, set reorder points for timely purchases, and save time by automatically creating purchase orders. Fishbowl also lets you create thousands of inventory locations, transfer products between them, and leverage part tracking to improve traceability.
Inventory forecasting and purchasing
Use Fishbowl to create efficient and effective purchasing processes. You can create workflows for approving purchase orders, set up cost rules to manage budgets and shorten your re-order process by working with preferred vendors. Additionally, you can analyze inventory forecasts, update them to reflect the sales made, and scan items to quickly receive them at the required locations.
Get your orders ready for delivery by scanning barcodes and serial numbers to ensure accuracy and automatically generate invoices and packing slips. With Fishbowl, you can cut costs and save time by printing shipping labels and connecting directly with carriers such as UPS and FedEx.
Fishbowl helps you boost your ecommerce sales by letting you bundle products for promotions. These product bundles can be priced differently based on product cost and category, customer segment, and promotion type. You can also create discounts and other custom pricing rules to sell more specific items or boost up-sells and cross-sells.
Align your manufacturing with your ecommerce operations to get a clear picture of what goes into every product you sell. You can automatically generate manufacturing orders from sales orders, track timelines, and determine labor costs for every product. You can also automate your MRP processes and use sub-assemblies to manage the manufacturing of semi-final products to be sold to B2B customers.
Fishbowl doesn’t publish its prices but requires you to request a custom quote. You can, however, request a demo to see if Fishbowl is right for your inventory management needs.
4. Zoho Inventory
Most Affordable Ecommerce Inventory Management Software
Zoho Inventory is part of the Zoho family of apps and is designed to attract price-sensitive customers. That, however, doesn’t mean that the tool is limited.
Zoho Inventory can track parts, manage inventory across warehouses, and connect with carriers for quick shipping.
With the Zoho Analytics integration, you get insights to improve your inventory workflows and ecommerce strategy.
Zoho Inventory lets you create multiple warehouses and transfer stock between them and your online store. You can create serial and batch numbers for products, scan items to create sales orders and fulfill orders from the warehouse closest to the customer.
Streamline your purchasing processes
Create purchase orders (POs) faster using autofill. Each purchase order includes detailed vendor and item information to ensure accuracy, while invoices can be converted into bills to track costs. You can also define custom prices for each vendor or purchase order and share or export the POs for discussions with your team.
Item and product tracking
Using the free SKU generator, you can create codes that are unique to each part and finished product. With these SKU codes, you can track individual items from the assembly line to customer delivery. This level of item tracking enables you to easily and efficiently handle customer complaints and warranty claims.
Zoho Inventory helps you to manage your inventory across marketplaces such as Amazon and eBay. Being integrated with 40+ global shipping services, Zoho inventory ensures a smooth fulfillment process, including getting real-time shipping rates. You can also track shipments and provide customers with email updates to boost their confidence and loyalty.
Reports and analytics
Stay on top of your ecommerce operations with reports on your inventory location, movement, and value. You can analyze data to identify purchase and sales trends, determine your most profitable stores, and see which products should be stored in which warehouse. You can export reports in the CSV, XLS, or PDF form and share them with your team or other stakeholders.
Which plan should you choose?
Free Plan is the right package if you’re just getting started with your ecommerce store and are on a tight budget.
Standard Plan is right for you if you want to customize the system to meet your growth needs.
Professional Plan should be your choice if you want to start automating inventory processes for increased efficiency.
Premium Plan is best if you want to extend the system's functionality using custom functions and widgets.
Elite Plan is the right choice if you're having complex multi-currency transactions and are working with many third-party integrations.
Ultimate Plan should be your choice if you need detailed analytics and the ability to create custom reports.
All plans come with inventory reports and integrated CRM software.
Popular Inventory Management Software for Small Manufacturers
MRPeasy is an inventory system designed for small manufacturers looking to sell more products online. This inventory management software works with a CRM to let you estimate production costs and timelines and communicate them to customers through quotes.
With the “Critical on hand” report, you can quickly order raw materials required to ensure customer orders are not delayed.
Create and manage bills of materials
MRPeasy helps you manage your bills of materials using single-level or multi-level BOMs for simple and complex products. Since it can identify material requirements and calculate production costs, MRPeasy ensures that you can quickly create quotes and make sales. You also get the functionality to disassemble products, manage configurable products, and track different BOM versions.
Whether your ecommerce inventory consists of complete products only or it includes individual parts too, you can easily upload them using CSV files. You can check which items are booked, track items by pre-set or custom parameters, and set minimum stock levels to avoid stockouts. Using auto-generated picking lists and waybills, you’ll fulfill customer orders faster and be able to monitor everything from your mobile device.
Production planning and scheduling
You can plan your production and create manufacturing schedules that align with workers’ availability. You can also drag-and-drop production schedules on a Gantt Chart or let MRPeasy determine the best time for production based on resource availability and constraints. You can also allow your sales team to create manufacturing orders from the CRM or auto-create them when stocks hit a critical level.
Procurement and supplier management
Set up your procurement processes by importing supplier details and updating price lists in bulk. Using the “Critical on hand” report, you can quickly identify the products that need re-ordering. And since all teams are using the same system, the production manager can “book” required items, letting you quickly import these into a purchase order.
MRPeasy’s CRM lets you manage orders from the quoting stage to product delivery. With the CRM, you can estimate production costs and delivery dates and track order status to give customers an accurate update. Using color-coded warnings, you can quickly identify what needs immediate action, while performance reports help you monitor your sales reps’ productivity.
Here is a quick guide to choosing the right plan:
Starter Plan is best for manufacturers who are starting to build customer relationships and need to collect data from shop floor workers.
Professional Plan is right for you if you frequently produce co-products and need to customize the system.
Enterprise Plan is the right choice if you want to create approval workflows and manage different product versions.
Unlimited Plan is best if your business is managing more than 7,000 SKUs and selling to more than 5,000 customers.
All plans come with integrations for cloud-based accounting software like QuickBooks Online, ecommerce platforms like Shopify and BigCommerce, and a third-party integration platform Zapier.
6. Sage X3
Best Inventory Management Solution for Enterprises
Sage X3 is an enterprise resource planning solution designed for large companies operating from multiple locations.
With its real-time updates on business processes, Sage is great for providing transparency and enforcing compliance.
With the ability for customers to configure their products, you can easily meet all your customer needs and boost online sales.
Sage X3 gives you control over your inventory by letting you track stock changes, movement between locations, and value. You can configure the system to generate QR codes and enjoy the kind of convenience available in the best QR code inventory management software. You can also set stock re-ordering levels to prevent stockouts and facilitate sales by transferring stock to your customers’ preferred pick-up locations. Additionally, you can analyze historical and live inventory data to see how much inventory you should hold at any given time.
Simplify your purchasing processes
With Sage X3, supplier management is easy because you can select what products to buy from them, add the agreed discounts, and set payment terms. You can plan purchases, request quotes, create purchase requests and orders, and set up PO/PR approval workflows for compliance.
If you want to easily manage your production workflows and get the data you need to improve your processes, then Sage X3 is for you. You can create multi-level bills of materials, track BOM changes over time, and schedule production by shift or a custom production cycle. You also get the tools you need for quality control, product traceability, and product recalls.
Marketing and customer service
Sage X3 empowers you to provide your site visitors with top-notch customer experience through fast access to product information. Using Product Configurator, a paid add-on, your site visitors can order custom products, letting you satisfy their specific needs while boosting sales. You can also build a knowledge base, offer discounts, and design a smooth process for handling customer returns.
Inventory and financial health reports
To monitor costs and other inventory-related processes, Sage X3 gives you 400+ reports that provide insight into your inventory and overall ecommerce business. Being one of the best ERP software systems, Sage X3 can create custom dashboards, generate reports directly from the database, and analyze cash flow data. Additionally, you can analyze real-time production and order data and set up alerts to stay updated.
- You can create multi-level BOMs.
- Customers can customize orders.
- In-depth insights via 400+ reports.
- Requires third-party integrations for ecommerce platforms.
- Can be expensive for smaller businesses.
Sage X3 is custom priced. You can, however, book a demo to see if it’s the right solution for you.
Best Multi-channel Inventory Management Software
Trunk is a simple inventory management solution for ecommerce businesses selling on multiple channels.
Since multi-channel sales require inventory to be synced across all channels, Trunk solves this problem by providing a tool that manages stock levels across channels.
Trunk also lets you create and sell product bundles to move stocks faster.
Simple user interface
Trunk is easy to use due to its simple user interface. Most of your attention will be on the “Inventory” and “Listings” tabs. From these two tabs, you’ll be able to see all your products, their stock levels, and the sales channels they’re listed at.
Boost sales using product bundles and kits
Despite its simplicity, Trunk lets you create product bundles and kits for special sale events. To keep your stocks aligned, every product bundle is tied to the individual components that make it up. This ensures that both components and bundles can sell separately, and stocks will still be in sync.
Multi-channel inventory management
Trunk automatically creates a central inventory by pulling product listings from your sales channels. Using SKUs, Trunk will monitor your sales channels and central inventory for stock changes and sync products whenever there is an update. With real-time product syncing, you can say goodbye to overselling and the resulting customer service nightmares.
Stock level alerts
With Trunk, you can easily create alerts to get notified whenever stock levels go below a set value. These alerts are very important because if stocks run out on one sales channel, then they've run out everywhere else—including the central inventory. As soon as you replenish your stock, these alerts are re-activated for the next time stocks run low.
- Live chat and email support are available.
- Quick setup.
- Supports unlimited sales channels.
- Plans have restrictions on the number of orders per month.
- No mobile apps.
Which plan should you choose?
Essential Plan is the right choice if you sell individual products with low-profit margins.
Pro Plan is the right option if you have multiple products sharing the same SKU or want to cross-sell related items as bundles.
Please note that Trunk will automatically upgrade or downgrade your pricing tier depending on the number of monthly orders you process.
Best Ecommerce Inventory Software for B2B Businesses
Cin7 is industry-leading software that enables you to not only manage products but also sell them.
With the ability to create an online store for B2B transactions, Cin7 empowers you to manage all your ecommerce operations from one location.
Using Inventory Success Quadrant, you can analyze the profitability of your business and strategize for growth.
This inventory software lets you track your inventory records to determine your business’ profitability. You can automate stock transfers between branches and implement any inventory tracking method of your choice, whether FIFO or a custom method. And with the ability to scan products, stocktaking becomes easy and fast while guaranteeing accurate records.
Order management and fulfillment
Cin7 makes it easy for manufacturers and ecommerce retailers to handle orders. Like the best barcode inventory software, Cin7 lets you pick items or finished products by scanning barcodes and keeps you notified when packages are delivered. And with serial and batch number tracking, you can ensure quality control and easily manage product returns.
Run an online B2B store from within Cin7
With Cin7, you can create an online B2B store without requiring a separate B2B ecommerce software. You can set up multiple stores, create searchable product catalogs, and allow customers to order in bulk. Other than the inventory management functionality that’s built into the ecommerce store, you can also automate the ordering process and offer buyers custom price lists.
Automate your ecommerce with Cin7’s Orderhive
Orderhive—a separate Cin7 product—is a powerful automation platform that lets you create triggers and set conditions for tasks and processes to be completed. You can automate tasks such as invoicing, order fulfillment, and sending email notifications to customers, leading to greater efficiency and time savings.
Analytics and reports
Cin7 gives you visibility into all your inventory locations with real-time updates. You can track work progress using 100+ pivot table reports that you can customize according to your needs. Also, Cin7 has a report called Inventory Success Quadrant that gives you profitability insights with filters based on suppliers, product categories, sales channels, and more.
- Includes B2B ecommerce functionality.
- Powerful process automation.
- Can import BOM through CSV files.
- Expensive for small businesses.
- Limited ecommerce integrations.
Here’s your guide on choosing the right plan:
Standard Plan is the right choice if you’re only selling online and want an all-in-one solution.
Retailing Plan is the right plan if you’re running both physical and online stores and need integrations with other apps.
Manufacturing Plan should be your choice if you want to auto-generate production jobs and manufacture custom products.
Enterprise Plan is best for large companies with complex integration and data processing requirements.
All plans come with 24/7 support available through phone and live chat.
What Is The Best Ecommerce Inventory Management Software?
The right inventory management software for your ecommerce business is the one that provides an all-in-one solution.
Other than the basics of managing inventory levels, the best inventory management solutions also help you improve operations by creating efficient workflows.
If you have already identified the features you need, then test any of these top 5 tools to see which one suits you best:
- What is Inventory Management?
- What Is Inventory Management Process? Flow, Challenges, Guide
- How Stock Keeping Units Work
- How to Start an Ecommerce Business From Scratch