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Jesta I.S. is a leading supplier of integrated software solutions for midsize and large retailers, wholesalers and manufacturers specializing in branded goods, apparel, footwear, hard goods and specialty industries.
Jesta's c...Read more
Fishbowl is a hybrid manufacturing and warehouse management solution designed for small and midsize companies. Key features include inventory control, material requirements planning (MRP), job shop floor control, work order manage...Read more
QStock Inventory offers a comprehensive inventory control system that helps businesses increase their profitability while reducing inefficiencies across the supply chain. QStock Inventory offers real-time monitoring....Read more
Luminate Platform by Blue Yonder (formerly known as JDA Software) is a cloud-based supply chain management solution for large and enterprise companies. It serves clients across a variety of supply chain industries including automo...Read more
IntelliTrack Assets helps businesses maintain and track various assets including technology, furniture, tools, off-site equipment, and more. The platform enables organizations to monitor asset movement, maintenance schedules, assi...Read more
SIMMS by KCSI offers a full suite of features that are essential to successful inventory and supply chain management, such as tracking, kitting and industry-specific customizations that ultimately help boost the bottom line....Read more
Join the over 2,000 people who have utilized AdvancePro's dynamic and customizable inventory management solution to oversee their warehouses efficiently and maintain customer satisfaction. Deployed as Web-based or on-premise....Read more
3PL Warehouse Manager is a cloud-based warehouse management system designed for third-party logistics companies to manage multiple customers, processes and billing schedules. The system enables access to real-time information and ...Read more
topShelf Cloud from Scout offers an end-to-end inventory management solution. Applications for kit building, work orders, and asset management are easily accessed from any smartphone or tablet, at anytime. ...Read more
Packed with features and flexibly priced, browser-based Accolent ERP can be installed on-premises or hosted in the Cloud for distributors from 3 to 100+ users. ADS Solutions has 25+ years of experience. ...Read more
Stitch Labs is an integrated, cloud-based inventory and order management solution that caters to mid-size multi-channel retail brands.
Stitch serves as an operational hub to brand operations, centralizing inventory across al...Read more
Unleashed Software is a cloud app that gives product businesses the freedom to better make, manage and move products by giving complete clarity and control over suppliers, production, warehouses and sales. Unleashed allows busines...Read more
Solid Commerce is a cloud-based inventory management solution that caters to businesses of all sizes across various industries such as computer software, apparel and fashion, consumer goods, business supplies, retail, and more. Ke...Read more
Tigerpaw is a cloud-based professional service automation (PSA) solution designed for small and mid-size customers. It offers project management, time tracking and billing management within a suite.
The project management fun...Read more
Megaventory is a cost-effective, Web-based inventory management system. Designed with small businesses in mind, Megaventory includes standard features such as order management, demand forecasting and reporting capabilities....Read more
Easy inventory management and order processing for online merchants.
Ordoro helps growing merchants operate like large-scale corporations, but at a fraction of the cost! Optimize your fulfillment workflows with bulk shipping labe...Read more
QuickBooks Commerce is a powerful cloud-based inventory and order management software for modern online businesses. Seamless integration across all major e-commerce platforms ensures that product listings, orders, and data stay up...Read more
Sellbrite is a cloud-based inventory management solution designed for small and midsize companies. It offers order management, product management, channel analytics and inventory control functionalities within a suite.
One Platform. Total Commerce Control.
Linnworks is a leading commerce automation platform that works with the world’s major marketplaces and selling channels.
Linnworks connects, manages and automates commerce operations, power...Read more
Online inventory management software is a must-have tool for any business tasked with overseeing and tracking large amounts of physical inventory. This software provides transparency into quantities, locations and other aspects that are key for successful inventory management.
With so many options available, choosing the right online inventory management software for your business can be an overwhelming endeavor. Fear not, because we are here to help. Read on to learn more about online inventory management systems. Here’s what we’ll cover:
Online inventory management software is accessed through the internet, rather than through a program installed on your physical computers and servers. This greatly reduces your company’s hardware requirements. What’s more, the subscription-based pricing plans these systems typically offer tend to be less expensive than the traditional, desktop-based systems. This makes online inventory management software a cost-effective option for small businesses.
Common Functionality of Online Inventory Management Software
Most online inventory management systems offer a robust combination of tools and capabilities. This table lists some common functionalities of this software, all of which can have a positive impact on your business.
Real-time inventory management
Allows you to see your stock levels, incoming and outgoing orders, shipping information and a whole host of other measures in real time. This enables you to improve tracking and make informed decisions using up-to-date knowledge of your inventory.
This categorization capability is an essential function of most online inventory management systems. It allows you to store key product variations and differentiations in order to quickly and conveniently organize your inventory based on specific details, such as product color.
To more easily identify and input products in the system, many solutions use barcode or radio frequency identification (RFID) tags. Scanning these tags with barcode scanners or other devices provides information on the product, as well as actions that can be taken to manage it (e.g., mark it as received, sold or shipped).
Reporting and analytics
Provides access to user-friendly, data-driven dashboards articulating inventory levels, sales reports and other information you need. With this information in hand, you can make smarter decisions and optimize key components of your business, including pricing, shipping, purchasing and reordering.
Multichannel inventory synchronization
You may sell your products through multiple channels, including online and retail stores. The solution should be capable of providing the exact inventory status by checking all the channels where sales are occurring. Also, inventory should be synchronized with the order management module that notifies customers immediately if any product is out of stock.
Most tools offer real-time inventory status updates, as inventory management is the most critical task in running a business. It allows managers to check that inventory is stocked and fulfilled from warehouses for every order. Also, in case of low inventory or out-of-stock items, an automatic update is sent to warehouse managers that informs them to take action and order new inventory.
Benefits of Online Inventory Management Software
The insights gathered from inventory management software should aid the growth of your business. Choosing software that integrates with other systems used in your organization, such as customer relationship management (CRM) and accounting software, can provide you with even more detailed, accurate insights. This can help you set realistic goals and analyze business metrics.
Some of the key benefits of online inventory management software include:
Improved inventory ordering and control. Rather than toiling over an enormous spreadsheet to monitor inventory, this software enables you to easily manage it all. The system provides detailed, real-time stock levels as well as projections of future inventory requirements.
Reduced inventory costs. With accurate inventory monitoring and ordering capabilities, you can prioritize stocking items that generate the most revenue and delay restocking underperforming items.
Accurate forecasting. Reporting and analytics capabilities enable you to spot monthly, weekly and yearly trends. These trends can inform you of future inventory projections, so you can make sure you’re properly stocked on important items.
Mobile access. Using cloud-based inventory management, you can access your backend software from any compatible device with an internet connection. That means you can place and/or confirm orders, monitor inventory levels and complete a whole host of other tasks from anywhere, as long as you are connected to the internet.
Key Considerations for Inventory Management Software
As a new buyer, you should consider these key factors before making a purchase decision. Depending on the size of your business, your budget and other factors, it is not necessary to choose a product that offers every possible feature. Rather, it is wise to select a solution based on your immediate requirements and upgrade as the business grows.
Here’s what you should look for:
Integration with existing applications. The solution should offer integration with third-party CRM and accounting software to avoid duplicating tasks for end users. It should be able to automatically sync all customer, finance and order-related data with other systems and generate a consolidated report.
User-friendly interface. The software should have an easy-to-navigate interface that enables quick adoption within the organization. Training your staff on new technology can be expensive for SMBs. Therefore, the solution should be intuitive, require minimal training and ultimately, encourage usability among the staff.
Reliability and security. Software should enable administrators to manage access and permissions for each user and record their behavior in real time. It should also be able to protect the inventory database from unauthorized access, as this information is critical for the business.
Warehouse integration. Your business might have multiple warehouses in different states to store inventory and better serve customers across the country. It’s essential that each location is integrated so users can quickly view inventory levels. The solution should also allow users to select one warehouse as their primary location and fulfill their orders from a single screen.