Manufacturing Inventory Software

Inventory management software helps optimize supply levels so manufacturers always have what they need as orders are placed, without tying up capital in excess parts or ingredients. The systems allow manufacturers to instantly determine on-hand inventory balances, which is useful for financial planning. In addition to tracking raw materials and stocked items, the system also records work-in-progress (WIP) items, finished products and more.

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Showing 1 - 20 of 195 products
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Showing 1 - 20 of 195 products

abas ERP

abas Business Software serves mid-market manufacturers in the Assemble-to-Order, Make-to-Order and Engineer-to-Order environment. abas ERP supports over 2,700 manufacturers and distributors and boasts a retention rate of 93%. ...Read more

4.01 (43 reviews)

1 recommendations

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S2K Enterprise

VAI’s is an independent software developer and the author of S2K Enterprise, an award winning cloud-based ERP solution utilized by customers operating across the distribution, manufacturing, specialty retail, and service sectors, ...Read more

4.25 (8 reviews)

1 recommendations

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JOBSCOPE

Jobscope is a cloud-based manufacturing solution that helps aerospace, electronics, industrial machinery, metals, automotive and high technology companies in enterprise resource planning (ERP) functions. Key modules of the solutio...Read more

4.33 (3 reviews)

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IFS Applications

IFS Applications is an extensive software system that serves the needs of large and medium-sized manufacturers with order-driven and mixed-mode management tools and full integration capabilities....Read more

3.76 (25 reviews)

2 recommendations

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DEACOM ERP Software

Deacom, an ECI Software Solution, is a comprehensive ERP (Enterprise Resource Planning) platform with a rich set of capabilities and extensibility designed for growing manufacturing and distribution businesses. All functionality s...Read more

3.63 (8 reviews)

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Decision Builder

Decision Builder ERP Software, with installations for businesses in over 60 different vertical markets in North America, primarily serves the diverse business needs of manufacturing distribution, and service providers....Read more

0.00 (1 reviews)

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Infor LN

From large, global, multi-site manufacturing enterprises to smaller, single-site organizations, Infor LN has capabilities designed to meet discrete manufacturers' needs. Infor LN is available on premise or in the cloud as CloudSui...Read more

3.91 (22 reviews)

1 recommendations

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BatchMaster ERP

BatchMaster Software offers process manufacturing software solutions for the food, chemical, nutraceutical and pharmaceutical industries. Users can run the manufacturing application with QuickBooks, Sage 100&300, Microsoft Dynamic...Read more

4.80 (5 reviews)

2 recommendations

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Dynamics 365 Business Central

Supporting specialized functionality for distribution, manufacturing, government, and other industries, Microsoft Dynamics NAV is a highly customizable system that benefits from numerous partner-developed vertical extensions....Read more

3.78 (99 reviews)

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SCP 4.0

Companies adopting SCP 4.0 have reported up to 65% inventory reductions and annual savings over $2 million. This vendor managed inventory and demand planning solution provides great suggestions to keep inventory on target....Read more

4.39 (9 reviews)

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Software pricing tips

Read our Manufacturing Inventory Management Software Buyers Guide

Subscription models

  • Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
  • Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.

Perpetual license

  • This involves paying an upfront sum for the license to own the software and use it indefinitely.
  • This is the more traditional model and is most common with on-premise applications and with larger businesses.

Rated best value for money

Expandable ERP

Expandable by Expandable Software, Inc. is an enterprise resource planning (ERP) solution designed for manufacturers of all sizes. It offers material requirement planning, production planning, accounting, business intelligence and...Read more

4.78 (23 reviews)

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Manufacturing & SFC

Transform your extensive manufacturing processes into easily accessible, efficient procedures. Geneva Systems offers GBMS-MRP & Manufacturing Execution software. bar code-based solution that enables you to electronically and ef...Read more

0.00 (1 reviews)

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E-Z-MRP

E-Z-MRP is a manufacturing software solution for make-to-stock, make-to-order and batch process manufacturers. The system is used by a variety of manufacturers including automotive, aerospace, metals, electronics, industrial machi...Read more

4.00 (1 reviews)

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Made2Manage ERP

Aptean Industrial Manufacturing is designed for manufacturers in job shops and dynamic "to-order" and mixed-mode environments. It's suitable for SMB manufacturers in industries like industrial equipment, electronics and fabricated...Read more

3.42 (66 reviews)

7 recommendations

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NetSuite

With an integrated system that includes ERP, financials, commerce, inventory management, HR, PSA, supply chain management, CRM and more – NetSuite enables fast-growing businesses across all industries to work more effectively by a...Read more

No reviews yet

103 recommendations

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M1 ERP

ECI M1 is a subscription-based enterprise resource planning (ERP) system, available on-premise or via the cloud, that automates financials, inventory, production, sales/quoting and production planning. The solution is suitable for...Read more

3.68 (66 reviews)

27 recommendations

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PRIMS

PRIMS or "Product Recipe Ingredient Management System" is recipe management software for programmable logic controller-based ingredient batching systems. It offers recipe management, batch management, inventory control, lot tracki...Read more

0.00 (1 reviews)

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ERP123

ERP123 offers small and midsize manufacturers and distributors an ERP solution that automates and integrates business operations. This software allows the user to the organize their MRP, inventory management, picking and shipping,...Read more

4.50 (6 reviews)

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PBS Accounting

PBS Accounting is robust professional level accounting software that fits a wide range of businesses and grows with your company. The CashPoint version acts as back end accounting for multiple industry specific applications, inclu...Read more

4.52 (31 reviews)

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NDS ERP Solutions

NDS Systems provides enterprise resource planning (ERP) solutions for small to mid-sized organizations in the discrete manufacturing, wholesale distribution and fulfillment industries. It is built on Oracle platform which helps in...Read more

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Popular Manufacturing Inventory Management Software Comparisons

Buyers Guide

Last Updated: March 14, 2022

Maintaining tight control over inventory is crucial for manufacturers operating in modern manufacturing environments where stock is kept at a minimum and orders are filled just in time (JIT). Manufacturing inventory software, sometimes referred to as manufacturing inventory control software, is one of the more traditional manufacturing applications. For this reason, there are more than 100 vendors that offer some form of manufacturing inventory management software.

This buyer’s guide, along with our manufacturing inventory software reviews, cover the essential information needed to make a purchase. Here’s what we’ll cover:

What Is Manufacturing Inventory Management Software?
What Type of Buyer Are You?
Benefits and Potential Issues
Market Trends to Understand

 

What Is Manufacturing Inventory Management Software?

Inventory management software helps optimize supply levels so manufacturers always have what they need as orders are placed, without tying up capital in excess parts or ingredients. The systems allow manufacturers to instantly determine on-hand inventory balances, which is useful for financial planning. In addition to tracking raw materials and stocked items, the system also records work-in-progress (WIP) items, finished products and more.

Most inventory systems will track purchased material and stocked items by lot number and/or serial number. Inventory management solutions use these numbers to track and locate in-stock items and produce picking information for item retrieval. Many systems have barcode, or radio frequency identification (RFID), functionality to scan items that are received, picked or transferred. Inventory management systems can also track purchase orders and other value information that is helpful for accounting.

 

What Type of Buyer Are You?

Before deciding on which system best fits your needs, it’s important to determine what type of buyer you are. More than 90 percent of buyers typically fall into one of these three categories:

Full-suite buyers. These buyers appreciate the integration that a solution from a single provider offers. Having a single system control all manufacturing functions improves information sharing between applications. For instance, a full-suite system can manage inventory picking, product assembly and invoicing from a single source.

Multi-location manufacturers. Operating multiple facilities adds a layer of complexity to the software requirements. These buyers need to track inventory for multiple facilities and balance levels across a geographic region. For manufacturers with international operations, the system should include multi-currency and multi-language support.

Small manufacturers. These buyers have straightforward requirements and need a system to improve data entry and inventory tracking. Small manufacturers are typically transferring over from pen and paper to a more automated system and only need basic inventory control functions such as order processing and lot/serial tracking.

Benefits and Potential Issues

In order to remain competitive in today’s global economy, manufacturers need to reduce excess inventory and have the capability to manage stock levels with an automated system. Here are a few of the benefits and potential issues that accompany a manufacturing inventory management system.

Time savings. An inventory system will reduce the amount of time spent processing and recording. It also enables manufacturers to immediately find the location of an in-stock item and check availability in real time.

Improved inventory accuracy. Fewer manual entry mistakes, such as logging the same inventory item twice, are made using an an electronic system. Getting a better grip on inventory management will also help reduce potentially costly manual recording errors.

Implementation difficulties. Implementing a comprehensive inventory management solution can be expensive and time consuming. Furthermore, manufacturers have to start from a clean physical inventory so the system can work off a well-organized inventory from the beginning. This can be very labor intensive.

Market Trends to Understand

Time and again different inventory management concepts, such as lean manufacturing, Kanban, six sigma methodology and 3D printing, arise to make the manufacturing process more efficient. Inventory management is moving away from the manual process, which is onerous and prone to errors. Instead, it is moving toward digital technology, which constitutes web services, mobile and internet of things (IoT). Therefore, manufacturers are looking for digital solutions that can help them manage their inventory efficiently.

Manufacturing inventory software is a niche market that is still evolving as its adoption in manufacturing organizations is increasing. Before buying a manufacturing inventory solution, decision makers should consider the following industry trends when they are evaluating a solution:

Smart inventory tracking. One-dimensional barcoding has gained a foothold in industrial and inventory tagging. Advanced systems use RFID, which enables remote monitoring to track the inventory status and product availability. Manufacturers can track products throughout the supply chain in real-time to help reduce instances of theft and spillage. In addition, real-time inventory report generation helps manufacturing and supply chain professionals to monitor business performance and take corrective actions.

Adoption of web-based platforms. There has been a gradual shift in manufacturer’s preferences from on-premise to cloud-based solutions. One of the reasons for this shift is that software-as-a-service (SaaS) solutions require very little upfront investment. In addition, the digital infrastructure helps companies save maintenance.

Enhanced business intelligence. Manufacturers are increasingly looking to track and analyze their inventory levels to understand lead time, analyze the variability in product demand and avoid inventory stock outs. Advanced manufacturing inventory solutions provide real-time business intelligence and analytics features to improve planning and strategic decision-making capabilities by providing timely updates.

Access from mobile applications. Inventory professionals have moved from working at a fixed, single location to mobile workstations. These mobile workstations are typically connected through wireless networks and operate in remote locations. To facilitate business operations from these mobile workstations, manufacturing inventory software vendors offer mobile applications that can be accessed 24/7 from any mobile device. Moreover, these mobile applications share notifications whenever an order is received, confirmed, packed, shipped and delivered to the user.

Internet of things (IoT). With this technology, internet-connected sensors communicate without any human intervention. Though it is still in its nascent stage, this technology is expected to grow exponentially and disrupt supply chain and manufacturing operations. Small businesses should keep a watch on this initiative and prepare themselves for IoT in the future.