7 best inventory management software solutions in 2022
Need to find an appropriate inventory management software for your business? This article lists the best ones available on the market for different types of companies.
Last updated: 23.06.2022
If you handle physical goods, there’s a strong case to be made that inventory management is going to be the backbone of your entire business.
That’s why it’s essential to find inventory management software that will help you handle this momentous task. But inventory management comes in many different shapes and sizes, so determining the best for you can be tricky. That’s why we’ve put together this article to help you find the best one for your particular type of business.
In this article, we’ll be looking into the 7 best inventory management software on the market for all types of businesses, including dropshippers, e-commerce sellers, restaurant owners, and manufacturers.
Kicking off the best inventory management software for scaling e-commerce sellers with Ordoro, giving users the tools to compete with large-scale retailers — best of all, you can get started for absolutely free.
Ordoro allows you to integrate your different sale channels to improve your fulfillment workflows with features such as shipping label creation, omnichannel inventory management, automated dropshipping, and more. However, the most significant advantage to highlight with Ordoro is that getting started is free. There are no set-up fees, monthly subscriptions, and users can even access a free 30-day onboarding session.
Ordoro is great for managing your e-commerce inventory if you’re a seller looking for:
Inventory management software like Upserve gives managers and business owners access to Android or iOS-based POS systems. This cloud-based inventory management system allows businesses to easily raise their productivity, track orders, and increase profits with a centralized platform to monitor their entire business. Also, since Upserve is a restaurant inventory management system, you can set access levels so managers can approve changes to checks securely and set automated gratuity levels.
Upserve inventory management software gives users access to features such as:
Shift notes and workforce management
3. Ecomdash — Dropshipping inventory management
Price: Starts at $25.00 per month
Free trial: 15-day free trial and a free version
Inventory management system and order fulfillment Ecomdash gives users the tools to manage their own e-commerce channels all from one place.
Ecomdash is an inventory management software built for small and mid-sized multi-channel online sellers. It’s an automated inventory management system that synchronizes your inventory levels across all your different channels and even allows you to customize inventory rules for each channel. Best of all, not only can you get started for free, Ecomdash offers training, support, video tutorials, and articles to help you set up your account.
The key features of the Ecomdash automated inventory management system are:
Multi-warehouse dropship management
Multi-warehouse inventory management
Integrations with e-commerce channels
4. Square — POS system
Price: Starts at $25.00 per month
Free trial: 15-day free trial and a free version
A POS system with inventory management features — Square Point of Sale, available for iOS and Android devices.
Unlike other cloud-based inventory management software, Square works offline and can even accept payments, so your business can keep operating if there are issues with the internet. Square POS lets managers and business owners easily process discounts and manage refunds. It does this by giving you the tools for inventory management like saving product names, recording quantities, and pricing.
Square inventory management systems give users access to features, hardware, and equipment like:
Online sale orders management
Analytics and reports
A compact POS terminal
Other Square apps such as Square Retail, Invoice, and Payroll
5. Revel Systems – POS system
Price: Starts at $79.00 per month
Free trial: No, free demo
Inventory management software Revel Systems is designed to support scaling stores and restaurants of any size.
Revel Systems gives users the tools to integrate their operations and customer channels to manage their entire business from one single dashboard. The data analytics features help you track your sales, order history, and payment summaries and represent the data in reports and graphs. If you’re looking for a POS system to manage your inventory at different locations, Revel Systems is the tool for you.
Revel Systems inventory management software gives you the tools, such as:
Integrated inventory management
Social media management functionalities
6. Katana — Inventory management software for manufacturers
Price: Starts at $99.00 per month
Free trial: 14-days
Introducing the manufacturing aspect of the business into this best inventory management software article — Katana ERP manufacturing software.
Katana gives manufacturers total inventory control of their different inventory types like raw materials, finished goods, and work-in-progress. With this automated inventory management system, you can track inventory movements in real-time and make adjustments to your workflows, which will automatically reallocate items to fit the new workflow. Best of all, Katana allows you to set reorder points on your raw material and finished goods, so you can avoid your stocks depleting and bringing your business to a grinding halt.
Katana inventory management software gives manufacturers the essential features for:
Multichannel sales and manufacturing management
Stay ahead of your deadlines with full visibility of your inventory, operations, and orders across your different sales channels at different locations. So, regardless of if you’re selling online or in-person, Katana inventory management software can differentiate your stock.
Katana allows users to set up barcode inventory scanning to streamline and improve how they receive and track items. With Katana inventory management software, you can assign barcode numbers to items, view barcode numbers in the Katana dashboard, and identify items with barcodes.
SKU codes are essential for managing inventory since they help you identify the exact item and product variant in your inventory. SKUs can also help your e-commerce platform, like Shopify, to recommend other items to customers on your websites.
Batch tracking is a legal requirement for some industries, such as ones that handle perishable inventory. However, batch tracking with inventory management software is also great for manufacturers that make-to-stock and make-to-order items to easily separate their inventories.
If you’re a manufacturer with multiple factories, warehouses, or items in consignment, then Katana inventory management software can help you manage these items from anywhere. So, if one location has stock levels running low, you can easily make a stock transfer and stay ahead of the demand.
Using either the native integrations, our codeless templates, or by accessing our API. Katana gives users all the tools necessary to integrate and synchronize with their favorite e-commerce, accounting, reporting, CRMs, and many more.
7. Oberlo — Dropshipping inventory management
Price: Starts at $29.90 per month
Free trial: Yes, and a free version
Inventory management software Oberlo is designed to help retailers manage inventory stored in-house or with other suppliers using dropshipping.
Oberlo allows users to customize their product data and images, so it’s aligned with their brand. So, suppose a customer purchases something from you that you’ll be dropshipping. In that case, you can import products directly into Shopify stores and set up delivery to go directly to customers through a centralized dashboard.
Inventory management software Oberlo includes features such as:
Real-time sales dashboard
Product variant mapping
Customer order tracking
Manage your inventory with software for manufacturers
Upgrade your workflows with inventory software for free for total visibility of your entire business and make important decisions in real-time.
Choosing the best inventory management software for your business
And that’s a wrap, the 7 best inventory management software for different types of businesses that handle physical goods.
Just be sure that when you find an inventory management software that matches your business type, you look into other tools before committing. Software comparison sites such as Capterra, SoftwareWorld, and Digital.com can help you do this. But if you’re a manufacturer looking for an automated manufacturing inventory management system, you definitely need to check out one tool as you look for the perfect software.
Katana inventory management software has a 14-day free trial, so you can experience first-hand what optimized management can do for your business.
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