9 Best Inventory Management Software for Small Businesses
Are you looking for the best inventory management software for a small business to help streamline your operations? If so, you’re in luck! We’ve put together a list of five great options to choose from.
Sortly
Fishbowl Inventory
inFlow
Zoho Inventory
A crucial part of any business is inventory, whether in the form of physical goods or digital data. You should keep track of stock levels and ensure that customer orders are fulfilled quickly and correctly.
Without proper management, a company will struggle to function adequately. Having the right inventory management software can make all the difference for a small business.
That's why we've put together this list of the nine best small business inventory software so that you can find the perfect fit for your needs.
From budget-friendly options to powerful warehouse inventory management tools, we've got you covered! Read on to learn more about our picks, and find the perfect solution for your business.
Top Inventory Management Software for Small Businesses
1. Sortly
Best Overall Inventory Management Software
We love Sortly because it is equipped with a barcode and QR scanner that doesn’t require an internet connection. Whether you’re scanning incoming or outgoing inventory, Sortly will save your progress offline and automatically sync once you are online. With this tool, location isn’t an issue when tracking your stock. Besides, with its user-friendly interface, you’ll enjoy your work!
Sortly is a cloud inventory and asset management platform designed to help companies keep track of their physical possessions. With such functions as barcoding scanning capabilities, activity tracking, and multi-location tracking, Sortly makes it easy to keep track of important assets.
Importantly, this best inventory system offers a free plan perfect for individuals or new small businesses that just need to get started with their asset tracking.
Key Features
- Low Stock Alerts: You can set low stock alerts and get notified when any item drops below a certain number. This feature helps you make sure you never run out of items in your store.
- Asset Tracking: Monitor where your assets are located and when they’re in use. You can also add asset tags, barcodes, and QR codes to easier identify them.
- Manage User Permissions: With Sortly, you can easily assign permissions to different users and control who can view sensitive data. It allows you to maintain inventory data security and protect your assets from unauthorized access.
- Label Generation: This feature helps streamline the inventory process and ensures that items stay organized throughout their lifecycle. You can generate barcodes or QR codes for each item, so tracking and inventory management are easier.
- User-Friendly Interface: Sortly is designed with users in mind and features an intuitive, drag-and-drop interface, which makes it easy for clients to get up and running quickly.
Pricing
Sortly offers four different pricing options – Free, Advanced, Ultra, and Enterprise.
- The Free plan is perfect for individuals or new small businesses and includes 100 entries, one user license, and one custom field.
- The Advanced plan ($29/month) is best for established small businesses. It includes 2,000 entries, two user licenses, ten custom fields, and unlimited QR code label generation.
- The Ultra plan ($89/month) is the option for fastly growing small businesses and includes 10,000 entries, five user licenses, 25 custom fields, and unlimited QR code & barcode label generation.
- The Enterprise plan (custom price) is designed for enterprise clients and comes with unlimited entries and advanced features like multi-location tracking and inventory data encryption.
Pros
- Free and affordable plan options.
- User-friendly interface.
- Customizable fields and labels.
- Activity tracking and reporting.
- Built-in barcode scanning.
Cons
- Supports no integrations.
- Limited search filters.
- Cannot sell items directly to customers online (not suitable for ecommerce stores).
Bottom Line
Overall, Sortly is an easy-to-use
inventory management software
with affordable pricing options for small businesses. It is simple to organize and track assets with its customizable fields and labels.
Additionally, it offers activity tracking and reporting to help you stay informed of important information, like when items were last checked out. So if you’re looking for a cost-effective solution to track your inventory and assets, Sortly is an excellent choice.
2. Fishbowl Inventory
Top Warehouse Inventory Management System
Our next top pick among the best inventory management systems is Fishbowl Inventory. Its warehouse inventory control system is designed specifically for small and midsize manufacturing businesses, giving them the tools they need to improve their inventory management and scale. Besides, we love this tool since it integrates with popular business solutions such as QuickBooks, Amazon, Adobe, Shopify, Salesforce, and more, reducing the number of steps in your manufacturing process.
Fishbowl Inventory is a robust inventory management solution that allows you to track and manage your stock from a wide range of your vendors. In addition, it offers an array of features like inventory forecasting, automatic purchase orders, serial number tracking, and more.
With its barcode capabilities and excellent drop-shipping tracking, Fishbowl Inventory makes it easy to track your items from purchase order to delivery.
Key Features
- Barcode Scanning: This tool has a built-in barcode scanner, allowing small businesses to quickly and accurately track their inventory. It supports linear and 2D barcodes, so users can easily scan their items.
- Inventory Management and Forecasting: With Fishbowl Inventory, there’s no need to open multiple accounts if you have inventory at different locations. This tool accurately predicts future inventory needs, so businesses can plan and prepare accordingly.
- Integrations: Fishbowl Inventory can be integrated with Quickbooks, allowing small businesses to view their inventory levels in real time. It also supports many other 3rd-party integrations, making it simple to manage and track your inventory from multiple vendors.
- Multilevel Bill of Materials: With this inventory manager, you can easily generate both basic and complex bills of materials. For example, if you produce food and drugs requiring intricate units of measure, this software has covered you.
- Dropshipping: This tool makes it easy to control your dropshipping orders. It lets you track all shipments and quickly generate delivery notes and cost documents.
Pricing
Fishbowl Inventory differs from most inventory management tools in that its pricing isn’t based on per user. Instead, you can buy a permanent ownership license that starts at $4,395 and comes with renewals and updates.
If you want to add additional features, integrated services, or support, you can purchase them separately. Besides, the tool offers a Demo plan that lets you get a feel of the software before committing to a paid plan.
Pros
- Permanent ownership of the software.
- Integrations with Quickbooks and other 3rd party apps.
- Allows generating both basic and complex bills of materials.
- Offers separate software for the manufacturing process and warehousing.
Cons
- Expensive pricing compared to other inventory management tools.
- Unreliable customer support.
Bottom Line
Overall, Fishbowl Inventory is a good inventory management tool for small businesses looking for a comprehensive and reliable solution. Not only does it offer barcode capabilities, but it also integrates with Quickbooks and other top accounting software.
However, it is quite expensive compared to other inventory management tools. It may not be ideal for small businesses that need a lot of custom features.
3. inFlow
Top Budget All-In-One Inventory Management Software
If you’re a small business looking for a cheap but feature-packed plan, inFlow inventory software is likely your best pick. Its key features include one-click PO generation, manufacturing inventory warehouse management, barcode scanning, and reporting capabilities. By combining inventory and order management software features, inFlow has nearly everything you need for inventory tracking.
inFlow is a popular inventory management software suite designed to help small businesses keep track of their stock, sales channel, and customers all from one place. With its one-click PO generation and advanced reporting, you'll get everything you need!
This inventory software covers your work from every angle, with modules for invoicing, barcoding, purchasing, inventory control, and reporting.
Key Features
- Inventory Tracking: inFlow allows you to track your inventory levels in real time, ensuring you never run out of stock. It also features an automated reordering system to help you keep up with demand.
- Barcode Scanning: This inventory control system supports barcode scanning and printing, making it easier to track inventory and shipments. It also supports standard UPC-A codes.
- One-Click PO Generation: With its one-click PO generation feature, users can create and send purchase orders quickly and easily. This feature eliminates the need for manual data entry and speeds up the process of ordering items from suppliers.
- Integrations with Other Tools: The software integrates with popular accounting software, such as Quickbooks and Xero, making it easy to keep track of your finances. It also supports integrations with popular eCommerce platforms, such as Shopify and WooCommerce.
- Advanced Reporting: inFlow provides customizable reports that you can use to track sales channels, inventory levels, and customer orders. It also features analytics tools to help you gain insights into your small business.
Pricing
inFlow offers four pricing options – Entrepreneur, Small Business, Mid-Size, and Enterprise.
All plans include unlimited users and come with a 14-day free trial. The pricing is based on the number of processed orders per month, so you can easily change the plan as needed.
- The Entrepreneur plan ($79/month) is ideal for small businesses with up to 100 orders per month and includes limited functions.
- The Small Business plan ($219/month) is suitable for companies with up to 2,000 orders per month and includes more features such as user access rights and showroom.
- The Mid-Size plan ($439/month) is suited to businesses with up to 10,000 orders per month. It comes with additional features, such as restricting access by location, restricting sales reps, and purchasing order approvals.
- Finally, the Enterprise plan ($1,319/month) is for businesses with up to 30,000 orders per month and includes all features, including Optimal Smart Scanner, API, and Dedicated account manager.
Pros
- Intuitive and easy-to-use interface.
- Comprehensive inventory management capabilities.
- Integrates with popular 3rd party apps.
- Powerful reporting capabilities.
Cons
- QR code scanning capabilities are limited (users can only retrieve product names and product information).
- No free plan is available.
Bottom Line
inFlow is a great choice for small businesses looking for an easy-to-use and comprehensive inventory management system. It’s reasonably priced and has various features to help you manage your inventory efficiently.
However, its QR code scanning capabilities are limited, and a free version is not available. Still, the 14-day free trial makes it easy to test the features before you make a purchase.
4. Zoho Inventory
Top Scalable Inventory Management Software for SMEs
Zoho Inventory is one of the best business tools for small businesses that offer shipment tracking, item grouping and bundling, packing slip generation, CRM, and shipping label creation. The automated inventory management system helps to streamline processes and boost efficiency. It allows businesses to track every aspect of their operations from ordering, stocking, and shipping.
Zoho Inventory is equipped with powerful inventory tracking and analytics capabilities and a built-in Zoho CRM integration that can be used to monitor inventory levels, track shipments, and view item history.
According to the Zoho Inventory’s website, companies like DHL, UPS, FedEx, and more have partnered with this affordable and easy-to-use inventory management software solution.
Key Features
- Unique Inventory Control Software: Zoho Inventory helps to manage stock levels and optimize order fulfillment by tracking items, reordering thresholds, and low stock alerts. It also supports barcoding and scanning for more efficient inventory tracking.
- Multi-Warehouse Management: This tool tracks shipments and warehouses, generates packing slips and creates shipping labels. It also has powerful analytics capabilities to help you get insights into your small business.
- CRM Integration: With Zoho Inventory, you can streamline your customer order process, manage returns and exchanges effectively, and automate invoicing. It also allows you to track customer activity, giving you visibility into the entire customer journey.
- Integrations: This inventory control software integrates with popular e-commerce and shipping platforms and accounting software like Amazon, QuickBooks, FedEx, UPS, and more. It also integrates with Zoho’s other products, such as Zoho CRM and Zoho Books.
- Item Grouping and Bundling: Zoho Inventory provides you with the ability to group items together and create bundles. This feature allows you to save time when creating orders, as well as manage your inventory more efficiently.
Pricing
Zoho Inventory offers six different pricing options for its users – Free, Standard, Professional, Premium, Elite, and Ultimate.
- The Free Plan is best for solopreneurs and starting small businesses. You can have up to 2 users on this plan, as well as eCommerce integrations and 1 Shopify store integration.
- The Standard Plan, designed for typical small businesses, lets you have up to 3 users connect to 2 warehouses and 1 Shopify store.
- The Professional Plan is designed for established small businesses that process 7,500 orders monthly or less, integrates with 2 Shopify stores, and supports serial number and batch tracking.
- The features of the Premium Plan make it perfect for a wide range of businesses. Some of its best features include the vendor portal, eCommerce integrations, up to 5 stores connection, and serial number and batch tracking.
- The Elite Plan is designed for experienced users and can support up to 15 warehouses and 15 employees.
- The Ultimate Plan is suitable for large organizations and includes Zoho Analytics to get better insights into business performance.
Pros
- Easy to use and set up.
- Small and medium business guides
- Customizable inventory management features.
- Affordable pricing options.
- eCommerce integrations with popular platforms like Amazon and Shopify.
- Powerful analytics to get better insights into business performance.
- CRM to track customer orders and automate invoicing.
Cons
- Limited customer support options.
- Some users report limited customization options for invoices and packing slips.
Bottom Line
In contrast with other inventory tools, Zoho Inventory is an affordable and easy-to-use software that offers a range of features to help businesses track their inventory, manage customer orders, and automate invoicing.
In addition, Zoho Inventory integrates with popular eCommerce and accounting platforms, giving small businesses more control over their inventory operations.
However, if you need more advanced customization for packing slips and invoices and more customer support options, Zoho Inventory may not be the best choice for you.
5. Veeqo
Best Inventory Management Software for Amazon Sellers
If your small business is beginning to experience growing pains and you struggle to keep an accurate inventory, Veeqo can help. This free inventory management program was created for small brands that need assistance with shipping orders and keeping track of their stock. By being a part of the Amazon family, Veeqo provides customers with data security and prevents lateness and negative feedback.
Veeqo is a free inventory management software with its own barcode scanner, popular for small businesses selling through multiple channels. With its integration with Amazon’s Buy Shipping Tools, the software excels at keeping track of inventory and shipping.
A platform is a great option for businesses that need to manage bulk orders quickly and accurately. It has a stellar reputation for providing an excellent shipping experience.
Key Features
- Inventory Control: Veeqo allows you to sync your inventory across multiple sales channels, and make it easy to keep track of inventory levels, so you’re never in danger of running out. It also offers an easy-to-use dashboard that can be used to track stock levels and product information in real time.
- Own Barcode Scanner: The Veeqo barcode scanner allows you to quickly and accurately restock your inventory and pick orders in the warehouse. It’s also compatible with various barcode labels and can be used to print product labels.
- Analytics & Forecasting: This inventory features powerful analytics and reporting tools that allow you to analyze your business performance, identify trends, and make better decisions. It also provides forecasting tools to help you determine which products are popular and when you should restock them.
- Integration with Amazon’s Buy Shipping Tools: Veeqo integrates with Amazon’s Buy Shipping tools, so you can use it to create shipping labels and track your packages. It also offers discounts on shipping costs for orders placed through Amazon.
- Multi-Location Stock Management: With Veeqo, you can manage multiple warehouses and staff from a single account. It means that you can easily keep track of all your inventory in one place and move stock from one location to another.
Pricing
Veeqo is a Completely Free inventory management software that offers a range of features for managing inventory, shipping orders, and tracking customer payments. This software is provided at no cost to users because the company generates revenue from its partner shipping carriers.
Pros
- Easy-to-use interface.
- Completely free.
- Integrates with Amazon’s Buy Shipping tools.
- Has own barcode scanner.
- Powerful analytics and reporting tools.
- Multi-location management.
Cons
- Return management functions and customer support are quite limited.
Bottom Line
Veeqo is a great free inventory management solution for small businesses that need to manage bulk orders quickly and accurately.
This free software offers powerful analytics and reporting tools and integrates with Amazon’s Buy Shipping tools, making it a great option for businesses that sell on multiple channels.
6. Brightpearl
Best Software for Inventory Management Automation
Brightpearl is an inventory management software designed for small businesses that need to automate their operations. It is a cloud-based and hyper-scalable platform that enables users to manage stock levels, monitor sales orders, and develop customer relationships all in one place.
Brightpearl’s features include not only automated operations, CRM, and customer support tools but also business insights and cutting-edge inventory planning.
Key Features
- Automation Engine: Brightpearl’s Automation Engine allows users to automate core processes, such as order fulfillment, inventory management, and customer service. This feature helps users streamline their small business operations and save time.
- Cutting-Edge Inventory Planning: Brightpearl's post-purchase automation can help you forecast customer demand and make precise purchasing decisions to correspond with that demand. You can avoid losing sales opportunities or having too much cash tied up in inventory – both of which stunt small company growth.
- CRM & Customer Support: This inventory management software offers customer relationship management (CRM) to keep track of customer interactions and provide personalized support. This feature can be used to improve customer relationships and increase loyalty over time.
- Warehouse Management: With Brightpearl, you can manage multiple warehouses from a single account. This feature makes it easy to transfer stock between locations, so you’re always stocked up.
- Hyper-Scalability: Brightpearl is the inventory management software that offers hyper-scalability, allowing users to scale rapidly. You will receive an individual quote tailored to your small business. As they say on their site: ”Never pay for more than you need”. They also promise that as sales grow, the cost per order will only decrease.
Pricing
The price of Brightpearl’s inventory management system is not set in stone and depends on the business’s needs. However, a Demo Option is available so small business owners can explore the software before deciding whether or not to request a quote.
Pros
- Central hub to manage orders from all your sales channels.
- Integrates with third-party apps.
- Hyper-scalable, so you can manage more as your business grows.
- Real-time inventory control.
Cons
- The price is not specified.
Bottom Line
If you’re looking for inventory management software that offers automated operations and scalability, Brightpearl is the best choice.
It offers a range of features, such as real-time inventory control, CRM and customer support tools, and warehouse management. Plus, with its hyper-scalability features, you can easily scale your business without additional infrastructure.
Try out the free demo to see if this software is right for you!
7. Katana
Best Inventory Management System for Small Manufacturing Companies
Katana is an inventory management software designed for small business owners. It provides a comprehensive solution to streamline supply chain and manufacturing operations, so businesses can stay on top of their inventory and production.
By using this manufacturing ERP software and end-to-end traceability, you will have complete transparency and control over both in-house and outsourced production. Thousands of other manufacturers already love it!
Key Features
- Live Inventory Management: Katana’s live inventory management feature provides real-time visibility into stock levels, allowing users to keep up with demand and manage their resources. This feature also helps identify products running low and needing restocking.
- Real-Time Master Planning: Katana’s real-time master planning feature helps businesses create detailed production plans and optimize their shop floor operations. This feature also allows users to monitor their production progress in real time, ensuring that timelines are adhered to.
- Easy Contract Manufacturing: This warehouse management tool provides an easy way to track and manage contract manufacturing orders. With this feature, users can keep track of their contract manufacturers’ deadlines and ensure that orders are delivered on time.
- Omnichannel Order Management: Keep track of orders from multiple sales channels. This feature makes it easy to manage incoming orders and prioritize production for each.
- End-to-End Traceability: You can easily trace products and deliveries through every production stage. This feature ensures that all products are tracked properly, so you always know where your goods are.
Pricing
Katana offers four different pricing options for its users – Essential, Advanced, Professional, and Enterprise.
- If you are a small manufacturer needing a basic yet effective solution to help run your business, the Essential plan ($99/month) is perfect for you.
- The Advanced plan ($299/month) contains all the features in the Essential plan, plus additional tools such as inventory forecasting and optimization.
- The Professional plan ($599/month) includes all the Advanced plan’s features and more advanced functions, such as multi-location inventory management.
- Finally, with the Enterprise plan (custom price), you get access to all features and benefit from customized solutions tailored to your specific needs.
Pros
- Robust planning and optimization tools.
- Offers a manufacturing-oriented approach.
- Real-time inventory control.
- Easy contract manufacturing.
- Omnichannel order management.
- End-to-end traceability.
Cons
- Relatively young product and has some bugs.
- Limited customer support options.
- Feature-packed plans are quite expensive for small businesses.
Bottom Line
Katana is a comprehensive inventory management solution for small business owners.
It provides an array of features that helps small businesses streamline their operations, including live inventory management, real-time master planning, easy contract manufacturing, omnichannel order management, and end-to-end traceability.
However, due to its novelty, the product has some bugs and lacks customer support options.
8. Ordoro
Best Inventory Software for Small eCommerce Businesses
Ordoro helps businesses keep track of their inventory and sales, making it easy to sell across multiple channels. With built-in kitting, this inventory tracking tool makes dropshipping simpler and faster while also allowing users to create master products within the inventory system.
Some of the software’s key features include barcode scanning capabilities, batch-print shipping labels, and shipping insurance.
Key Features
- Order Tracking and Management: Ordoro helps businesses track orders across multiple sales channels and manages them in one place. It makes processing and prioritizing orders easier, ensuring they are delivered on time.
- Built-In Kitting: Its built-in kitting feature allows you to easily combine multiple products into one package for simplified shipping. With this feature, you can save time and money by creating custom kits to sell on your site and through other marketplaces.
- Barcode Scanning and Print Shipping Labels: Users can easily scan barcodes in warehouses and print shipping labels in bulk. Thus, you can reduce manual errors and save time and inventory costs.
- Dropshipping: Ordoro makes it easy to set up dropshipping with its integrated software. It allows small businesses to drop ship products directly from suppliers and eliminates the need for manual processing.
- Shipping Insurance: Insure shipments with a few clicks. Such a function helps you protect products in case of any damage during shipping.
Pricing
Ordoro offers four different pricing options – Starter, Express, Pro, and Enterprise.
- The Starter plan is free and great for new small businesses and provides basic inventory management features, such as multi-carrier shipping, batch label printing, and discounted USPS and UPS® rates.
- The Express plan ($59/month) is designed for growing businesses and provides features such as order tracking, barcode scanning, product bundling, and advanced analytics.
- The Pro plan ($499/month) is designed for businesses that need more advanced features, such as inventory management, dropshipping, kitting, and returns management.
- The Enterprise plan (from $999/month) is designed for businesses that need custom solutions tailored to their specific needs. It includes all the Pro plan features and provides businesses with access to custom solutions tailored to their needs.
Pros
- Easy order tracking and management.
- Barcode scanning and batch print shipping labels.
- Dropshipping setup.
- Integrated shipping insurance.
- Affordable pricing options.
Cons
- Users report that Ordoro is slower than other software in terms of syncing sales and shipping data.
- No mobile app. You can access the mobile version of the site but cannot process orders.
- Has limited customer support options.
Bottom Line
Ordoro is a comprehensive inventory management solution for eCommerce and small business owners.
Its array of features, from live inventory management to end-to-end traceability, helps businesses streamline their operations.
However, some users report bugs and a lack of customer support options. But it is worth considering if you’re looking for a cost-effective and intuitive inventory management solution.
9. Cin7
Top Customized Inventory Control Software for SMEs
Cin7 is one of the best inventory management systems with fully-integrated point-of-sale software for small retail businesses. The software provides excellent inventory and order management as long as you know your needs.
Besides, Cin7 has a centralized system and streamlines inventory management.
Key Features
- Affordable enterprise resource planning (ERP): It offers you advanced inventory functions, such as real-time inventory, purchasing and order management, and integrated shipping. You can also use powerful add-ons to automate multi-channel selling and customer communication.
- Built-In EDI: With its EDI feature, small businesses can exchange purchase orders, invoices, and other documents with their vendors quickly. This helps streamline their operations and reduce manual errors.
- B2B eCommerce: Cin7 allows small enterprises to create a custom B2B eCommerce store that lets customers purchase products and track orders in real time. This function makes it easy for businesses to conduct transactions with their customers and provides an efficient shopping experience.
- Fully-Integrated Point-of-Sale System: Cin7's point-of-sale system is designed for businesses to track inventory, ship orders, and process transactions all in one place. It also allows you to view and manage customer profiles, generate reports, and more.
- Centralized System: Cin7’s centralized system provides a single view of all your inventory, from purchase orders to stock adjustments.
Pricing
Cin7 offers four different pricing plans – Small Business, Business, Advanced, and Enterprise.
- The Small Business plan is priced at $399/month and provides organizations with basic features, such as inventory management, automated workflows, bots, and retail POS (built-in).
- The Business plan ($599/month) adds features such as purchase order management, real-time stock levels, and integrated warehouse management.
- The Advanced plan ($999/month) includes advanced inventory features, such as multi-location, returns, and a built-in customer success manager.
- The Enterprise plan (quote) is designed for large businesses and provides features such as developer APIs, custom shipping integration, and 24/7 customer support.
Pros
- Customizable software that can be tailored to your small business needs.
- Integrated EDI with major suppliers.
- Real-time stock levels across multiple sales channels.
- Built-in B2B eCommerce store for customers.
- Automated reports and forecasting.
Cons
- Relatively expensive compared to other inventory control systems on the market.
- A young product
- Has no free version.
Bottom Line
Cin7 is a comprehensive inventory management software for small retail businesses. It offers powerful features to streamline your operations, including inventory management, EDI integration, reporting, and forecasting.
With these features, you can easily manage your inventory and ensure that you have the right stock levels in the right places. The software is, however, relatively expensive, so it may not be the best option for every small business.
Key Inventory Management Software Features to Look For
Finding the right inventory management software can be a daunting task. There are many features to look for and evaluate when choosing the best option.
Here are five key features to consider when selecting an inventory management software solution:
Inventory Management Functionality
Inventory management is a core feature of any inventory control software. Still, it’s important to ensure that your chosen system can effectively track and manage your stock levels. It should be able to provide detailed information on how many items are in stock, where they’re located, and when they need to be restocked.
For example, Sortly and Fishbowl Inventory make it easy to track and manage inventory across multiple locations. These tools can also notify you when it’s time to reorder items, so you don’t run out of stock.
Barcode Scanning
Barcode scanning is one of the most useful features in inventory management software. This feature lets you quickly scan products and track their movements in real time. It eliminates manual data entry and makes it easy to keep track of stock levels, item locations, order details, and more.
For example, inFlow's barcode scanning system allows you to track stock movements with just a few taps or swipes. Importantly, Veeqo even has its own barcode scanner, which can be used with a smartphone or tablet.
Inventory Forecasting
It helps you anticipate future demand and make decisions about when to order new inventory or adjust your inventory levels.
For example, Fishbowl Inventory provides advanced forecasting tools that can generate accurate predictions of future demand based on current trends and historical data. This function makes it easy to optimize stock levels and helps avoid costly overstock or shortages.
Reporting Tools
The ability to generate reports quickly gives you valuable insights into your business operations and helps you make better decisions.
Look for software that offers customizable reports and analytics so that you can track key metrics, such as inventory turnover, average sales prices, and more.
For example, Sortly, inFlow, Ordoro, and Zoho Inventory have reporting systems that allow you to generate reports quickly and easily to track sales performance, identify product trends, and measure inventory levels.
Integrations with Other Tools
Integrating your inventory management system with other business software is essential for a streamlined workflow. Look for software that offers integrations with:
For example, Veeqo integrates with Amazon’s Buy Shipping Tools to create shipping labels and track your packages. Fishbowl Inventory also offers integrations with popular accounting software like QuickBooks and Xero, allowing businesses to view their inventory levels in real time.
So, these are the five key features to look for when selecting an inventory management software solution. Carefully evaluate each option and make sure it has all the features you need to manage your small business’s inventory efficiently.
Choose the Best Inventory Management System for Your Small Business
The best inventory management software allows for building the best perpetual inventory system for your small business. It can help you keep track of inventory levels, optimize stock levels, and improve your demand forecasting accuracy.
Today, there are many different inventory tools for small organizations with unique features. Selecting the best one suited to your business needs is key.
No matter which inventory management system you choose, ensure it meets your business needs and integrates smoothly with your other business systems. With the right business inventory software, you can ensure that every product in your small warehouse or online store is accounted for!