Inventory management lets companies stay up-to-date with their stock levels and manage raw materials or finished products to streamline the fulfillment process for orders received. From manufacturing business to e-commerce operations, inventory management holds the utmost importance and facilitates businesses to overcome fulfillment issues like delays and order cancellations.
If done using old-school methods, inventory management requires an army of workers, supervisors, and warehouse managers. Still, thanks to technology, we are blessed with many solutions that make inventory management effortless and hassle-free. There's a variety of solutions that empowers businesses to manage their inventory in real-time and get updated when the stocks are running low.
Choosing a solution best suited to your needs is challenging, as hundreds of alternatives have similar features and capabilities. We are here to help you with that. This article recommends the 7 best inventory management software worth considering in 2021. The list of recommended solutions is compiled after a thorough evaluation of the features, price plans, capabilities, flaws, user experience, and other vital factors to help you make an informed decision.
So, without further ado, let's start with our first recommendation.
ZarMoney is an online inventory management solution that gives users complete inventory transparency and advanced inventory management capabilities. The tool includes real-time stock updates, predictions, multi-location and warehouse management, custom units, split PO transactions, and more. Mentioned below are some of the important features highlighted.
ZarMoney is a feature-packed software worthy of being considered by businesses as an inventory management solution. Here are some of the essential features facilitated by the tool:
ZarMoney comes with advanced inventory tracking capabilities - allowing users to be updated with their stock levels at all times. With this feature, ZarMoney enables users to minimize order delays and cancellations due to stock unavailability. In addition, the tool adjusts your inventory levels automatically. It sends real-time alerts and notifications when the stock runs low - allowing you to replenish inventory preemptively and never run out of stock.
ZarMoney facilitates its users with multi-location support - empowering them to manage multiple facilities and warehouses without hassle. ZarMoney allows you to manage numerous warehouses from your desktop or smartphone without accessing various platforms. In addition, the tool will enable you to stay on top of your inventory management workflows - facilitating you to manage warehouses situated in different locations remotely without having to switch screens or deploy additional staff.
The backorder tracking feature of ZarMoney comes in handy for managing and fulfilling orders that are previously left out. There can be many reasons causing these leftovers - stock unavailability, shipping issues, customer requirements, or other unforeseen circumstances. With ZarMoney's seamless backorder tracking, your order fulfillment is streamlined and effortless, as no order gets left out.
Easy-to-use
Simple user interface
Scalable
Multi-location support
Multi-user support
Multi-currency support
Multi-warehouse management
Custom units of measure
Advanced access permissions
Detailed audit trail
Reports and analytics
It doesn't offer a free plan
It doesn't have a client portal
ZarMoney facilitates its users with three different price plans - Entrepreneur Plan, Small Business Plan, and Enterprise Plan.
Entrepreneur Plan: Comes at the price of $15 a month, facilitates single-user access, and offers basic features.
Small Business Plan: Comes at the price of $20 a month, supports multi-login, and offers standard features to businesses.
Enterprise Plan: Starts from $350 per month, supports 30+ multi-logins and offers advanced features along with custom capabilities, special training, and dedicated support.
ZarMoney offers a variety of external integration options. Here are some of the essential apps supported by the tool:
Product ratings are an essential factor to consider before making a buying decision. Therefore, this section will explore ZarMoney's ratings on leading software directories to calculate the solution's average rating. For this, we visited 3 of the leading tech forums - Capterra, GetApp, and G2 - to access the solution's product listings. According to our calculation, the average rating of ZarMoney on the review above sites is 4.73.
In this section, we explore customer reviews posted for ZarMoney to inform you of the experiences acknowledged by users who have had first-hand experience with the tool.
Let's start with a review posted by Jeff C.
"Needed something with better inventory tracking, ability to do quotes and sales orders, and ability to print load lists, labels, etc."
Let's explore another one posted by Kaylee W. whose experience wasn't as good as aforesaid.
"User-friendly but not great for inventory management."
ZarMoney has three support options - email help desk, live customer support, and on-call inquiry. Users can select a support option and reach out to customer support representatives via any of the abovementioned mediums.
ZarMoney is an online inventory management software. The tool can be accessed on any device (desktop or mobile) without hassle. In addition, ZarMoney supports all leading devices and operating systems, such as Windows, Mac, Android, and iOS - facilitating remote operations effortlessly via the internet.
With an average rating of 4.73, ZarMoney is an easy-to-use and scalable inventory management solution best suited for small to large-sized businesses. It's a one-stop solution facilitating firms to streamline their inventory management workflows without relying on multiple platforms for different operations. With various features and capabilities offered, ZarMoney currently sits at the top of our recommendation list.
Finale Inventory is a feature-packed inventory management solution that's preferred by businesses around the globe. The tool is best suited for medium to large-sized businesses and comes with a wide range of capabilities that streamline inventory management workflows. The tool helps you keep track of your inventory, supplier, and customers. In addition, the platform facilitates users with real-time alerts and makes effortless fulfillment possible.
Finale Inventory offers a wide range of features to its users. Here are some of the critical capabilities that come with the tool:
Finale Inventory facilitates users with seamless inventory management. It's a one-stop platform that allows you to optimize, replenish, and manage inventory without hassle or rely on additional tools for operations.
Finale Inventory facilitates analytical processes of businesses to check and account for inventory or available stock. In addition, the platform enables users to verify whether the transactions representing the goods purchased or dispatched match the financial records maintained by the company.
Finale Inventory's barcode technology enables businesses to quickly receive and dispatch orders, maintaining inventory levels in real-time and hassle-free. In addition, barcode technology is a smart alternative to the menial process of recording and maintaining the inflow and outflow of the stock.
Straightforward user interface
Multi-location support
RFID support
Barcode technology supported
External integration options
Real-time alerts
Prompt customer support
Expensive compared to alternatives
Steep learning curve
Finale Inventory offers 6 price plans to its users - Starter, Bronze, Silver, Gold, Platinum, and Platinum+.
Platinum Plan: This plan costs $799 per month, supports up to 16 multi-logins, and offers advanced features.
Platinum+: This is a quote-based plan - the plan's cost is disclosed on inquiry and varies based on the requirements of businesses.
Finale Inventory facilitates its users with integration options for various third-party applications. Here are some of the apps worth mentioning:
In this section, we explore the ratings earned by Finale Inventory on renowned tech platforms and review sites - Capterra, GetApp, and G2. This calculates the average rating from the product listings published in respective communities. And, as per our calculation, the average rating representing Finale Inventory on the review above sites is 4.73.
To know more about Finale Inventory and the corresponding user experience, let's dive into the reviews and testimonials its users submit. For this, we explored GetApp - one of the leading tech sites for customer reviews for Finale Inventory as an inventory management solution.
Let's start with a review submitted by Karen C.
"I must say the people at Finale are wonderful to deal with. We have had numerous calls, and they are always so helpful."
On the other hand, some users acknowledged issues with the solution. Here's a review submitted by one of them.
"Needs much work and sync with other platforms as well."
Finale Inventory comes with a variety of customer support options. The tool enables users to inquire about their support via email, chat, or call. Moreover, users can reach out to customer support representatives 24/7 and resolve their issues via any of the methods above.
Finale Inventory is an online inventory management solution. The platform is compatible with all leading devices and operating systems. You can easily access Finale Inventory using your preferred device; you only need an internet connection.
Finale Inventory is a feature-rich solution with a wide range of capabilities, enabling users to manage inventory easily. In addition, the tool offers a variety of price plans - making it a best-suited alternative for small to large-sized businesses. With its high-tier plan, you can unlock custom features that best fit your operations. With an average rating of 4.73, Finale Inventory is an excellent inventory management solution to recommend.
EZOfficeInventory is a feature-rich inventory management solution best suited for medium-sized businesses to large corporations. The tool facilitates users with seamless stock and asset management capabilities and the ability to monitor asset lifecycle. In addition, the tool also facilitates users with vendor management features - enabling them to maintain lasting relationships. Overall, EZOfficeInventory is a smart inventory management solution worth considering.
EZOfficeInventory comes with a variety of features. Here are some crucial capabilities provided by the solution:
EZOfficeInventory facilitates users with various inventory management capabilities - enabling them to manage, optimize, and account for inventory without hassle. EZOfficeInventory is a one-stop solution that streamlines all of the inventory management workflows, leaving no room for you to rely on additional tools for operations.
EZOfficeInventory allows users to manage warehouses in different locations via a single screen without opting for other solutions or employing an additional workforce. In addition, you can control all your warehouse operations from a desktop or mobile and stay connected with all the updates related to stock usage and availability.
EZOfficeInventory supports RFID technology - enabling users to use barcodes for inventory and order tracking. This makes the process effortless and minimizes the likelihood of errors that are otherwise caused by manual processes.
Ease of use
Easy to setup
Easy data import
Simple user interface
Inventory thresholds
Device compatibility
Calendar-based checkouts
Multi-location support
Multi-currency support
RFID support
No steep learning curve
External integration options
Alerts and notifications
Poor reporting
Search and filter limitations
EZOfficeInventory has four price plans for its users - Essential, Advanced, Premium, and Enterprise.
EZOfficeInventory offers a wide range of integration options for third-party applications. Here are some of the apps worth mentioning:
In this section, we explore the ratings representing product listings of EZOfficeInventory on renowned tech forums and review sites. For this, we visited some of the leading tech platforms like Capterra, GetApp, and G2 to access the ratings for this product to calculate an average of the scores. According to our calculation, the average rating representing EZOfficeInventory on the platforms mentioned above is 4.53.
In this section, we dive into the user reviews and testimonials published by individuals who are either using or have used EZOfficeInventory in the past. To give you a neutral opinion, we will incorporate one positive and one negative review posted by users on GetApp.
Let's start with a review posted by Marvin B. and learn about his experience.
"This software takes me from several huge spreadsheets and no photos to a streamlined, searchable, history tracking, photo-attached inventory system. No longer do I have to track multiple files and spreadsheets. Instead, it is all in one place."
Now, let's check another review posted by Edwin G.
"At the moment, it minimally meets what the company needs."
EZOfficeInventory offers a wide range of customer support options. Users can reach out to customer support via chat or contact representatives on call. You can also send your queries and concerns via email to be resolved by the help desk of EZOfficeInventory.
EZOfficeInventory is compatible with all leading devices and operating systems. The software can be accessed via desktop or mobile using your preferred operating system. In addition, EZOfficeInventory is a web-based solution that can be accessed from your desktop via a browser or any Android or iOS device.
EZOfficeInventory is an affordable solution best suited for medium to large-sized businesses. The tool comes in handy for managing stock, inventory, and assets. With an average rating of 4.53, EZOfficeInventory is an inventory management solution worth recommending.
Zoho Inventory is a feature-rich inventory management solution for small to large-sized businesses. The answer comes with a wide range of inventory management and real-time tracking capabilities - making it one of the preferred solutions by companies worldwide. The tool also offers advanced inventory control features, empowering users to manage inventory easily and maintain stock levels.
Zoho Inventory facilitates its users with a variety of features. Here are some of the key capabilities offered by the tool:
Zoho Inventory facilitates businesses to manage inventory without any hassle. It's a one-stop platform that allows you to perform multiple operations to streamline inventory management workflows without switching screens or relying on other tools. In addition, Zoho Inventory keeps your stock levels updated in real-time - sending alerts when you're running low on inventory. Overall, it's a smart solution for managing inventory hassle-free.
Zoho Inventory facilitates its users with inventory control capabilities - allowing them to ensure stock availability to meet the demand. Through inventory control, users can maintain stock levels to complete the set output or fulfill orders received. This not only helps businesses with optimal utilization of resource capacity but also stimulates financial elasticity.
Zoho Inventory comes with multi-location support. This facilitates users to manage multiple warehouses situated in different locations without having to visit the facilities personally or rely on excessive staff requirements. In addition, the solution keeps you updated with the stock levels maintained at various warehouse locations, enabling you to manage multiple facilities remotely easily.
It comes with a free plan for startups and professionals
Affordable
Easy to learn
Easy to use
Multi-currency support
Multi-location support
Multi-login support
Good customer support
Users can't create pick lists
It doesn't offer access permissions
Zoho Inventory facilitates its users with five different price plans - Free Plan, Standard Plan, Professional Plan, Premium Plan, and Elite Plan.
Zoho Inventory supports a wide range of external applications via its integration option. Here are some of the critical integrations supported by the tool:
6. Average Rating
This section will calculate the average rating representing Zoho Inventory on leading tech review sites. This gives you an idea of how the users rated the solution based on their experiences. For this, we visited three renowned tech platforms - Capterra, GetApp, and G2 - to explore product listings. According to our calculation, the average rating representing Zoho Inventory on communities above is 4.46.
In this section, we will quote the testimonials or reviews from Zoho Inventory users on one of the leading tech communities, GetApp.
Let's start with a review posted by Svetla M.
"Zoho inventory helped us get an excellent overview of and efficiently manage our inventory. It was easy to figure the tool out, including for our hardware engineers. As a result, we are saving time and getting alerts when inventory is low. Very pleased!"
Now, let's explore a review posted by Ian S. whose experience wasn't too great:
"If you only have one warehouse and are a wholesaler buying and selling goods with a small range of products, this is fine. However, if you are anything else, look elsewhere. Otherwise, you will have a report of 20 pages long, which you have to export to excel to filter."
Zoho Inventory offers three support options - email help desk, chat support, and on-call support. In addition, users can reach out to Zoho's customer support representatives 24/7 via any of the mediums mentioned above.
Zoho Inventory is a web-based inventory management software. Hence, it can be accessed from any device, irrespective of the operating system it supports. This allows users to access Zoho Inventory on their preferred devices (desktop or mobile) without worrying about the solution's device compatibility.
Zoho Inventory is an inventory management solution preferred by businesses around the globe. With an average rating of 4.46, it's worth recommending to small, medium, and large-sized organizations seeking a one-stop solution to streamline inventory management workflows.
Next on our recommendation list is inFlow Inventory - a feature-rich inventory management solution preferred by businesses worldwide. inFlow Inventory is an online inventory management platform that facilitates its users with real-time inventory management, order processing, and warehouse management capabilities. The tool is a complete package that helps you streamline inventory management workflows and lets you stay on top of your operations remotely.
inFlow Inventory comes with a variety of features. Here are some of the critical capabilities that the tool has to offer:
inFlow Inventory facilitates users with real-time inventory tracking. This enables businesses to stay current with stock levels and make informed decisions when stocks are running low. The insights provided by inFlow Inventory help businesses with optimal capacity utilization and enable them to minimize fulfillment delays and cancelations caused by stock unavailability.
inFlow Inventory empowers businesses to manage warehouses remotely without any hassle. The tool has many features and capabilities that help you streamline and automate the menial processes associated with efficient inventory management and warehouses.
inFlow Inventory enables businesses to generate barcodes and save time with each scan. The tool comes in handy when receiving or dispatching goods, order picking, and stock transfer as it facilitates users to manage orders using the barcode technology - reducing menial operations at the time of shipping.
Affordable
Remote access
Simple user interface
Ease of use
Easy to learn
Easy to setup
Good customer support
Reporting and analytics
Clunky Windows app
Barcoding system can be a bit complex for newbies
inFlow Inventory has three price plans to choose from - Light Plan, Standard Plan, and the Plus Plan.
inFlow Inventory comes with a wide range of integrations for third-party apps. Here are some of the essential connections supported:
This section calculates the average rating of the inFlow Inventory on leading tech platforms and reviews sites. For this, we visited three renowned tech forums - Capterra, GetApp, and G2 - to explore respective product listings. According to our calculation, the average rating of the inFlow Inventory on the sites above is 4.36.
Now, let's dive into the user experience by exploring testimonials and reviews posted by users with first-hand experience with inFlow Inventory. The review will give you a better understanding of the benefits and challenges associated with this inventory management solution - facilitating informed decisions.
First, let's start with a review posted by Manny P.
"Software is one of my favorites for companies with no purchase order system."
Here's another one posted by Sandra M. whose experience wasn't as good as the one aforestated.
"Truthfully, this software does not meet my needs, but as a small business, I must make due -no commercial invoicing -difficult to understand the columns and how to customize -reports are difficult to navigate as well."
“Truthfully, this software does not meet my needs but as a small business I must make due -no commercial invoicing -difficult to understand the columns and how to customize -reports are difficult to navigate as well.”
inFlow Inventory comes with three support options for its users. First, you can contact their customer support representatives via email or call for inquiries. You can also chat with their live support 24/7 and get your queries resolved in no time.
inFlow Inventory is compatible with many devices and supports all leading operating systems (Windows, macOS, Android, and iOS). This helps you use the tool on your preferred devices (desktop and mobile) without worrying about its compatibility.
inFlow Inventory is a decent alternative when looking for an inventory management solution. The tool has various benefits and capabilities to help businesses streamline their inventory management and tracking workflows. inFlow Inventory also comes with a warehouse management feature and supports barcode technology, making stock and order management effortless. With an average rating of 4.36 on leading tech forums, inFlow Inventory is an inventory management solution worth recommending.
OrderHive is a multi-channel inventory management solution that comes with a wide range of features. The tool is best suited for small, medium, and large-sized businesses. OrderHive equips users with a real-time inventory tracking system and supports various third-party applications. If you're looking for an inventory management solution, then OrderHive is a must to consider, primarily if you represent the e-commerce industry.
OrderHive comes with a variety of features and capabilities. Here are some of the essential features offered by the tool:
Inventory replenishment refers to the process where businesses transfer their inventory from reserve to primary storage. The stock is then moved to different picking locations - making shipping effortless and hassle-free.
OrderHive enables users to automate warehousing workflows - empowering them to manage complex warehouse operations from the palm of their hand. The tool facilitates users with optimized packaging and distribution cycle. Further, it makes it possible for you to monitor stock levels in real time and minimize the likelihood of delays or cancellations.
OrderHive facilitates users with automated order management workflows - minimizing the menial work required to process, fulfill, and distribute orders. This reduces the time for order completion and enables businesses to utilize their resource capacity better. The tool also gives you seamless order tracking from warehouse to destination.
Pros
Free plan
Simple user interface
Easy to use
Affordable
Powerful automation options
Marketplace integrations
Multi-channel management
Multi-location
Multi-currency support
Real-time stock updates
Great customer service
Custom reports
Mobile app
Expensive compared to alternatives
The app acts glitchy at times
APIs may have delays
OrderHive offers five price plans to its users - Free Plan, Lite Plan, Starter Plan, Growth Plan, and Enterprise Plan.
Free Plan: Offered free of cost and facilitates users with fundamental inventory management features - supports only Shopify.
Lite Plan: The plan comes at $44.99 per month and offers basic inventory management features to users.
Starter Plan: Comes at the cost of $134.99 per month and offers standard features to users.
Growth Plan: This plan comes at $269.99 per month and offers advanced features to users.
Enterprise Plan: This plan's price varies per the quote received or business requirements.
OrderHive comes with a variety of integration options to support third-party applications. Here are some of the critical app connections supported:
To calculate the average rating of OrderHive, we visited three leading tech review sites - Capterra, GetApp, and G2 for product listing scores based on customer reviews and feedback. According to our calculation, the average rating representing OrderHive on aforesaid tech forums is 4.13.
In this section, we will explore the reviews and testimonials published by users on one of the well-known review sites - GetApp. To keep things balanced, we will incorporate one positive and one negative review posted for OrderHive.
Let's start with a positive review published by Steven L.
"Orderhive has been great. It has allowed us to accurately sync our inventory across 4+ channels and even automate fulfillment from outside sales channels to our Amazon FBA inventory. As a result, we have grown sales by connecting more sales channels and accurately showing our inventory. In addition, they had the integrations we needed, and setup was easy."
Now, let's look at a review posted by Jonathan H. whose experience wasn't as good as aforesaid.
"SCAMMERS! OrderHive scammed us for custom work - promised us a refund and didn't deliver either."
OrderHive facilitates its users with three support options - help desk, live chat, and on-call inquiry. You can either reach out to their support via email, chat or call and get your issues resolved in no time.
OrderHive is an online inventory management solution. All you need is a device (desktop or mobile) in working condition and a stable internet connection to access the tool on all leading devices supporting your preferred operating systems.
Though OrderHive has a lower average rating compared to other alternatives recommended in our list, the tool is an excellent inventory management solution to consider. OrderHive is a one-stop platform that offers features to set inventory management, warehousing, order management, and e-commerce workflows on autopilot. In addition, it's a scalable solution with flexible price plans, multi-channel management, and automation capabilities. Overall, a decent alternative, especially when running an e-commerce business.
Megaventory is an online inventory management solution for medium to large-sized businesses. The tool facilitates users with a wide range of solutions to streamline inventory management, warehouse management, and order management workflows. In addition, Megaventory comes with multi-location support and sends real-time alerts and notifications to users regarding stock updates. Overall, Megaventory is an inventory management alternative worth considering.
Megaventory comes with a variety of features and capabilities. The important ones offered by the tool are given below:
Megaventory enables users to streamline inventory management workflows and automate menial processes. The tool is a one-stop platform that empowers you to manage complicated operations from your desktop without visiting locations or personally deploying an army of workers.
Megaventory allows users to quickly check the available stock and verify the units from an analytical standpoint. This critical feature comes in handy when compiling reports for high-level officials or company stakeholders. In addition, the inventory audit feature enables users to account for the stock - matching the number of available units with the number mentioned in transaction records maintained by the company.
Megaventory comes with warehouse management capabilities - making operations simple and hassle-free. Megaventory makes it possible to stay connected with your warehouse operations and up-to-date with inventory levels from your desktop or mobile without relying on multiple tools. This means that users can use minimal human resources or equipment to manage warehouses located at different locations.
Pros
Ease of use
RFID support
Multi-location support
Multi-currency support
Multi-channel management
External integrations
Alerts and notifications
Learned customer support
Expensive compared to alternatives
Limited price plans
It doesn't offer dynamic BoMs
Megaventory offers only two price plans to its users - Pro Plan and Enterprise Plan.
Pro Plan: This plan costs $150 per month, supports 5 multi-logins, facilitates up to 50k transactions, serves up to 20 locations, and provides 5 integration options.
Enterprise Plan: The price for this plan isn't disclosed on Megaventory's official website and is disclosed via query.
Megaventory comes with a variety of integration options for external apps. Here are some of the vital app connections supported by the inventory management solution:
To calculate an average rating for Megaventory, we visited three leading tech forums and review sites - Capterra, GetApp, and G2. And according to the product listings for the inventory management solution on the platforms above, the average rating of Megaventory is 4.36.
To explore the user experience facilitated by Megaventory, we visited a renowned tech review site GetApp for customer reviews and testimonials. To give you a neutral perspective, we randomly incorporated one positive and one negative review posted by users with first-hand experience with the tool.
First, let's start with a positive review posted by Tia T.
"We have better understood our inventory with customizable reports and tracking."
Now, let's look at the other side of things with a review submitted by Jeremy M.
"The system is easy to use only downside is not being able to update and change B.O.M's after a work order for a product has been entered, which is a major downfall for the company."
Megaventory facilitates its users with two customer support options. Users can either contact the help desk via email or contact customer support representatives via chat to resolve their queries.
Though Megaventory doesn't have an app for Android and iOS devices, it's a web-based inventory management solution. This means that the platform can be accessed from any device of your choice (desktop or mobile) via a browser without any hassle, which makes Megaventory compatible with all leading devices and operating systems.
With an average rating of 4.36, Megaventory is a decent inventory management alternative. However, the tool offers limited-price plans and is expensive compared to its options. It's a solution worth considering, but other alternatives offer similar features or more for a much lesser price.
Inventory management is a sophisticated process that often requires businesses to deploy an army of human resources to keep operations streamlined. However, technological advancements have made it easy to manage inventory workflows without having to rely on additional workforce or equipment, for that matter.
This article recommended the 7 best inventory management solutions for businesses. Various inventory management solutions in the industry offer more or less similar features. Therefore, our recommendations will pave the way for you to make an informed decision without having to test hundreds of platforms to find one best suited for your needs.
The inventory management recommendations need to be listed in a specific order. In addition, the effectiveness of prescribed solutions may vary from industry to industry. Hence, you need to consider the industry's best practices to find the best fit for your business operations and make a final decision.