The 6 Best Warehouse Inventory Management Software

Looking to optimize your inventory management for a successful and profitable business venture? If yes, you are at the right place as this article is going to help you choose the best inventory management software which is most suitable for your business setting and will yield you maximum benefit. 

Inventory management is considered an integral component of running a successful business. It keeps the company updated regarding the quantity of stock available thereby, reducing the errors that result from over or underselling of the stock, and also dealing with fulfillment issues such as order cancellations and delays faced in the delivery of products. Inventory management ensures the ideal functioning of the store by guaranteeing that customer demands are met at all times and there is no dead stock at the store.

The old method of manual inventory management required a greater human resource and involved a lot of effort. Still, the company would face common issues of human error such as miscounts and miscalculations. Kudos to technology for presenting the latest software that makes inventory management a lot easier and effortless. 

Inventory management software keeps you updated regarding the level of stock available and its placement in stores and on shelves and timely notifies you when a product/item is about to end. Thereby, enabling you to place orders ahead of time and avoid any delays in the fulfillment of customers’ demands. Always remember the rule, a happy and loyal customer will always yield profit for your company. 

Although a variety of inventory management solutions are available but choosing just the right software for your company could be a challenging task. This article will lay in detail the 6 best inventory management software based on price, pros and cons, user-friendly, and other key features to help you in informed decision making. 

Let’s dive in and choose just the right software for your business. 

1. ZarMoney 

ZarMoney is a top-rated web-based software for inventory management suitable for both small and big businesses. It offers a wide variety of features such as stock level updates, multiple locations, profit predictions, customizable dashboards, warehouse management, email, text alerts, and many more. This software helps in estimating and tracking the expenses made and profits generated by a company. 

The important features of ZarMoney are highlighted below;

Features List

• Inventory Management
• Automate invoices 
• Streamline purchasing 
• Place multi-user access options 
• 24/7 access
• Real-time inventory data
• Barcodes
• Product Category
• Customizable Product Fields
• Item Tracking and History
• Compare Received Inventory with PO’s
• 2 Step Warehouse Transfer
• FIFO Cost Methods
• Access Multiple Warehouses
• Quick Invoicing
• Automated Billing
• Purchase Orders
• Online Order Management
• Online Payments
• Bank Connections
• Auto Tax Calculation
• Reporting
• Multi-Users
• Reconciliation

Top 3 Features 

1.Track Your Inventory

To ensure the smooth running of a business, daily transactions, sales, and purchases should be monitored through an efficient inventory management system. ZarMoney’s feature of inventory tracking comes with several benefits. It automates the inventory by incorporating a barcode support system. 

Therefore, helping you to keep track of your stock in a hassle-free manner. The inventory database is linked with your POS (point of sale), which functions by immediately updating your records after each transaction. This feature continuously monitors the stock level and alerts you whenever a particular product is about to get out of stock. This enables you to take restocking decisions timely and ensure customer satisfaction. 

2.Optimize Online Buying 

Want to add an additional boost to your business? Optimize your online buying experience by using ZarMoney software. ZarMoney offers safe purchasing at your ease. You can view/select the product you want and proceed to the online payment method.

The integrated multi-channel billing system of ZarMoney helps the customers in choosing their preferred payment method which includes debit or credit through stripe or PayPal. As convenient as it is for your client to pay with a single click it is as efficient in ensuring that you instantly receive your payment. It ensures a secure and convenient buying experience for all parties involved. 

3.Streamline Purchasing 

Purchases are instrumental in ensuring the smooth running of a business. ZarMoney’s streamlined purchasing helps you to avoid delays, overbilling, and shortage of stock. It enables you to view your expenditures, stay up-to-date with all your payments, and also track vendors. Having a complete record of sales and purchases can help you to save money by optimizing retailer prices and making economical, cost-efficient purchasing decisions.

Pros and Cons 

Pros

• Easy to use and easy to understand
• Great customer service
• User-friendly interface
• Multi-user support
• Scalable
• Multi-location support
• Multi-warehouse management
• Multi-currency support
• Advanced access permissions
• Custom units of measure
• Reports and analytics
• Detailed audit trail

Cons

• Navigation is not centralized 
• Can't adjust dashboard display 
• No dedicated mobile app
• Doesn’t offer a free plan
• A lot of functionality to learn

Pricing 

Integrations 

Some of the important apps supported by ZarMoney are enlisted below

• Shopify
• Stripe
• PayPal
• Zapier
• Gusto
• Authorize.Net
• Mailchimp
• Auto Entry
• WePay
• Google Calendar 

Average Rating

The average rating of a product is a significant element to consider prior to making a decision of buying it. Hence, in this section, we will see how ZarMoney is rated by some of the top software directories in order to calculate the average rating of the software. For this, we accessed 3 of the most famous leading tech forums - Capterra, G2, and GetApp. The average rating of ZarMoney as per the platforms above-mentioned is 4.7.

Customer Support Options

ZarMoney offers 3 different types of customer support options which include;

1. Email help desk
2. Live customer Support 
3. On-call inquiry 

Providing different mediums of support enables the users to choose the most convenient support option and contact the customer support representatives to address their point of concern.  

Product Screenshots

Support Platforms

ZarMoney is a web-based inventory management software that can be operated on any device without any complex setup. ZarMoney supports all kinds of operating systems such as android, windows, Mac, and iOS thereby ensuring smooth operations easily via the internet.

Bottom Line

ZarMoney, with an average rating of 4.73 is an excellent, user-friendly, and scalable inventory management tool that is equally suitable for both large and small businesses. It provides all solutions in one place and saves you from the hassle of using multiple software. ZarMoney, with its wide range of efficient inventory management features, is currently at the top of our recommendations list. 

2. InFlow

InFlow is an order and inventory management system suitable for small and medium-sized enterprises. It is widely used worldwide for various domains like e-commerce, manufacturing, distribution, and wholesale. InFlow offers cloud-based web, windows, and mobile apps for both android and iphone platforms. It also provides integration with 35 e-commerce platforms.

Features List

• Inventory Tracking
• Inventory Costing
• Product Master
• Inventory Forecasting
• Integrations
• Customer Portal
• Cycle Counting
• Stock Levels
• Flow Of Goods
• Reserving Goods
• Error Tracking
• Ease-of-Use
• Procurement analytics
• Barcode Support
• Order Tracking
• Online Showrooms
• Customer Management

Top 3 Features

1.Barcode System

InFlow offers a built-in barcode system that can integrate existing barcode lists, and generate new barcodes for existing/new products. Their unique feature enables them to produce barcodes for the whole batch, unlike conventional methods where barcodes are generated one by one. Their system supports various barcode symbologies. Inflow’s barcode system easily integrates with third-party ERP and warehouse management systems.

2.Ease-of-Use

Ease of use is the key element for the success of any software/app. InFlow’s interface is user-friendly - making it easy to learn and adapt. The software also comes with the ability to customize and add new fields without any hassle.

3.Online Showrooms

With InFlow, you don’t have to create a separate storefront for B2B customers. The software offers an online showroom where the whole product profile can be uploaded such as product picture, description, and other details. Showrooms allow the customers to even place the orders as well.

Pros and Cons

Pros

• Easy setup
• Suitable for small/medium enterprises.
• Keep track of purchases
• Multiple items can be uploaded at once
• Easy integration with various e-commerce platforms
• Responsive customer service
• Integration of barcode scanners 

Cons

• Expensive
• Limited Integrations
• Not Suitable for enterprises

Pricing

InFlow offers three price models based on business size:

Integrations

InFlow offers a number of built-in integrations which include:

• Amazon
• Canada Post
• Commerce Hub
• Courier Express
• Couriers Please
• Dai Post
• Deutsche Post
• DHL
• DPD
• eBay
• FedEx
• Google Shopping
• Groupon Goods
• Magento
• Parcelforce
• Passport
• PayPal
• PCF Final Mile
• PostNL
• PrestaShop
• Purolator
• QuickBooks Online
• Rakuten
• RoyalMail
• Salesforce
• Shopify
• ShoppingCart
• UDS
• UltraCart
• UPS
• Walmart DSV
• WooCommerce
• Yahoo!
• Zapier
• And more

Average Rating

Software rating is important prior to the purchase. Ratings give insights and narrow down the purchase options. To come up with an average rating for InFlow, different retail and e-commerce software review websites were assessed to calculate the average rating of InFlow. And, the average score is 4.5.

Customer Support Options

InFlow offers business and technical support for pre and post purchase. During the working hours customers can contact through phone, chat or email. Apart from that community help and InFlow knowledge base is also available to help the customers.

Product Screenshots

Support Platforms 

InFlow inventory management software is supported by all operating systems i.e. Android, iOS, Mac, and windows. Thereby enabling its users to easily use the software on their device of choice without encountering any compatibility issues 

Bottom Line

With an overall rating of 4.5, InFlow is famous among the business community. InFlow offers a number of features with a user-friendly interface that is one of the top features of this inventory management system. InFlow is suitable for small-medium range businesses. It helps you track stock, tag the products through barcodes and provide a number of built-in integration options.

3. Megaventory

Megaventory is a cloud-based inventory management software. It is best suited for medium-sized businesses and is well-known to have strong reporting capabilities. Apart from inventory management it also supports order fulfillment and the essential stock increase. Other features such as pre-ordering, selling on consignment, and drop-shipping are supported by Megaventory which is useful in both retail and online shops. 

Features

• Inventory Management
• Multiple Locations 
• Returns of Goods from Clients to Suppliers
• Stock Alerts
• Supplier Availability and Lead Times
• Product Cost Tracking over Time
• Inventory Changes over Time
• Batch Numbers / Expiry Dates
• Transfer between Locations
• Landed Cost Calculations
• Order Fulfillment 
• Reporting Creation 
• Manufacturing Tracking
• Data Administration 
• Software Customization 

Top 3 Features 

1.Inventory Management

One of the key features of Megaventory is cloud inventory management which supports multiple locations. The tool comes with the ability to generate stock alerts thereby helping you to restock in time. Megaventory allows you to keep track of inventory changes occurring over time, relocate stock between stores, manage returns from customers to vendors, track changes in product cost and also generate serial numbers for your items/products. 

2.Order Fulfillment

Megaventory supports supplier purchase orders, client sales orders, automated fulfillment capability checks, consignment sales & purchasing, and comes with an automated fulfillment capability - making order fulfillment a lot easier.

3.Manufacturing Tracking 

Megaventory supports manufacturing through its core features like costs for works in progress, labor costs per work order, updates on bulk or manufacturing orders, and bills of materials. All of the aforementioned features can be easily viewed on the Megaventory dashboard - giving you seamless tracking of all manufacturing operations.

Pros and Cons 

Pros 

• User friendly 
• Built-in APIs
• Efficient inventory tracking
• RFID support
• Easy to add and update data
• Multi-location support
• Multi-channel management
• Multi-currency support
• Easy to use dashboards 
• Adjustable reporting 
• External integrations
• Generate timely alerts and notifications
• Prompt customer support

Cons 

• Limited price plans
• Have no function of batch record processing.
• Offers little or no flexibility 
• Doesn’t offer dynamic BoMs

Pricing 

Megaventory offers two types of price plans to its customer;

Integrations

Some of the important apps supported by Megaventory are enlisted below;

• Zapier 
• Crossfire 
• SPS Commerce
• Lokasd
• Magento
• Shopify
• Woo
• Quickbooks

Average Rating 

The average rating of a product is a significant element to consider prior to making a decision of buying it. Therefore, in this section, we will see how Megaventory is rated by some of the top software directories in order to calculate the average rating of the software. For this, we accessed 3 of the most famous leading tech forums; i.e. Capterra, G2, and GetApp. The average rating score of Megaventory is around 4.36.

Customer Support Options 

Two support options are provided by Megaventory to help/facilitate its customers and resolve their queries.

1. Email support 
2. Live Chat 

Product Screenshots 

Support Platforms 

As already established, Megaventory is a cloud-based inventory management tool - making it easily accessible from both desktop and mobile devices via the internet. This feature makes Megaventory highly compatible with all the top operating systems and devices. However, megaventory doesn’t have an app for iOS and Android yet. 

Bottom Line 

Megaventory gives a modern touch to your business by providing cloud-based solutions. The tool equips you to monitor your supply, stay updated regarding the stock levels, track your shipments and also keep in check the profit and loss incurred. It offers multiple integrations that have their own benefits such as integration with QuickBooks - allowing you to upload data automatically to your accounting software. Overall, Megaventory is another inventory management software worth considering.

4. Ordoro

Ordoro offers a variety of features to e-commerce businesses. It offers automated solutions to manage the inventory - enabling users to keep operations running smoothly. Ordoro’s inventory management module is equipped with some powerful tools that help to manage the stock with ease. It allows the user to handle multiple business channels efficiently by connecting them to a single inventory on the other hand multiple warehouses can be added and it lets the user decide where to deliver from.

Features

• Backorder Management
• Ground Shipping
• Inventory Management
• Inventory Optimization
• Kitting
• Multi-Channel Management
• Order Tracking
• Parcel Shipping
• Product Identification
• Reorder Management
• Reporting/Analytics
• Returns Management
• Shipment Tracking
• Shipping Management
• Shipping Services Integration
• Supplier Management
• Warehouse Management

Top 3 Features 

1.Multichannel Management

Ordoro supports multichannel management where multiple sale platforms and suppliers can be integrated. This allows 3rd party app integrations through APIs possible and helps save time and energy by bringing all the data to one place.

2.Kitting  

Combining different units and selling them as a single unit is kitting. Ordoro offers this feature for pro and enterprise users. On a single level, related products are combined and sold as one kit. Whereas on the component level, if there are multiple components of a product, they are sold together as a single kit. Ordoro updates the stocks after the sale which at times is a headache if done manually. Kitting/bundling also helps to generate more revenue.

3.Advanced Analytics

Ordoro’s analytical tools help to understand the financial aspects of the business which are key for short/long term projections. It helps to understand the effectiveness of shipping and a better understanding of inventory management. It gives a detailed picture of the whole business so the user can make smart decisions based on the data.

Pros and Cons 

Pros 

• Good customer support
• Easy to use
• Logical workflow
• Allows customization

Cons 

• Not enough documentation on error codes
• Some essential integrations are missing

Pricing 

Integrations

• Shopify
• Stripe
• Bigcommerce
• WooCommerce
• Magento
• Volusion
• Ecwid
• ChannelAdvisor
• Relay
• 3dcart
• Amazon
• eBay
• Walmart
• USPS
• FedEx
• UPS
• Canada Post
• DHL
• Amazon Seller Fulfilled
• Amazon SFP
• Inventory Planner
• Inventory Source
• Re: amaze

Average Rating 

In this section, the overall performance of Ordoro is evaluated by analyzing the customer reviews and ratings. The average score is 4.77 that’s why Ordoro is one of the top management systems available in the market.

Customer Support Options

With Ordoro, extensive customer support options are available. Customers can contact through phone, email, or any social media platforms within working hours. Apart from that, a support center with various topics is also available.

Product Screenshots 

Support Platforms 

Ordoro is a web-based inventory management software that is compatible with leading operating systems like macOS and Windows.

Bottom Line 

Ordoro is an all-in-one inventory management platform for online businesses that comes with powerful tools to manage your e-commerce platform. The product comes with four different price plans. And, with the average rating is 4.77, Ordoro is one of the inventory management solutions worth considering.

4. Orderhive 

Orderhive is a cloud-based order and inventory management system designed for small, medium, and large retailers, wholesalers, and distributors. With Orderhive, retail sellers can track their orders, inventory, and shipments across all their online sales channels and analyze team performance across functions and locate inventory in the warehouse.

The system also provides users with real-time updates about their business via a reporting and analytics feature. Additionally, Orderhive allows users to store customer information for future marketing use, build purchase orders, track inventory across warehouses, fulfill drop-shipping and 3PL orders, track raw materials required for products, create invoices and track payments

Features

• Real-time Inventory Synchronization
• eCommerce Automation
• Simplifies Purchase Management
• Quick Reports and Analytics
• Multi-channel Integration
• Purchase Management
• Returns Management
• Seller Fulfilled Prime

Top 3 Features 

1.Inventory Control

Orderhive inventory management uses real-time data to track the inventory movements this helps to make the right decisions at the right time. This real-time information avoids overselling and underselling. Alert the customer for low stock or out-of-stock issues. It syncs all the sales channels and customers can easily manage and view data on a single dashboard.

2.Quick Reports & Analytics

Orderhive’s reporting and analytical tools are its strong suit. Analysis helps to evaluate the performance of all the products thus helping to avoid underselling or no selling problems. It offers automated periodic reports that reduce the factor of human error.

3.Return Management  

Orderhive offers complete return management, it restocks the product and automatically refunds the amount to the customer. Customers can choose the option to restock and with just one click the system restocks the items. 

Pros and Cons 

Pros 

• Offers free plan
• Simple user interface
• User Friendly
• Affordable software 
• Powerful automation options
• Detailed sorting options
• Marketplace integrations
• Multi-channel management
• Shipment Tracking
• CX details
• Order age and order content 
• Multi-location
• Multi-currency support
• Real-time stock updates
• Great customer service
• Allows customization 
• Mobile app

Cons 

• App glitches reported 
• APIs may have delays
• Data sync failure between order and shipment modules

Pricing 

Integrations

• Shopify
• WooCommerce
• Amazon
• eBay
• FedEx
• ShipRush
• Magento
• Bigcommerce
• Xero
• Quickbooks
• PayPal Pro
• Walmart
• SalesForce
• PrestaShop
• Google Docs
• Excel
• MySQL
• Slack
• UPS
• And more

Average Rating 

To estimate the average rating of Orderhive software, three of the top leading software review sites were accessed. The leading software directory (G2, GetApp, and Capterra) rating scores were used to extract the average rating of the inventory management solution which was 4.13. 

Customer Support Options 

Orderhive provides help to its users with the following support options;

1. Email
2. Chat
3. Phone
4. 24x5 Training and remote support 
5. Dedicated account manager 

Product Screenshots 

Support Platforms 

Orderhive is a web-based inventory management software that supports both mobile and desktop devices. You just need a secure internet connection to ensure the smooth running of the software. 

Bottom Line 

Although in comparison with other software covered in our article, Orderhive’s average rating is quite low. However, given its versatile features at the price offered this tool is worthy of your attention. If you are looking for inventory management software for your business, Orderhive should be in your consideration list. It’s a decent alternative to have especially if you operate in an e-commerce industry. 

5. Finale Inventory

Finale Inventory is one of the most flexible and adaptable inventory management solutions that support your progress towards a successfully growing business. Finale Inventory is one-of-a-kind software that is adopted by many businesses across the globe. It comes with a variety of features that simplify inventory management workflows.

This software optimizes your inventory management by keeping track of your stock, suppliers, and customers. Moreover, it provides real-time alerts thereby ensuring that no stock outages are faced and consumer demands are effortlessly fulfilled. 

Features

• Inventory management
• Inventory optimization 
• Order management
• Purchasing and replenishment 
• Inventory accounting and landed costs 
• E-commerce inventory management 
• Warehouse management
• Serial and lot number tracking
• Product kitting and bundling 
• Barcode label generation 
• Light manufacturing and assembly 
• API
• PO management
• Reporting and analytics
• Inventory audit 

Top 3 Features 

1.Centralized Inventory Management

Finale Inventory is a cloud-based inventory management software which enables you to save your data online thereby helping you to access it easily from any device whenever needed. Its real-time updates facilitate you to stay on top of the latest changes going on in your inventory. It helps you in managing multiple warehouses and stock locations from the same system. 

2. Barcode inventory management

Finale inventory, with its integration with a barcode scanner, makes the stock count not only easy and free from human error but also provides a precise and accurate number. This software feature functions by either creating new barcodes or using the old ones. This software will save you from the hassle and keep your inventory updated by labeling and organizing all your products/items and boxes. 

3.Inventory Stock Audit

In case there are any discrepancies or errors in your inventory you need to promptly address them and you can always track which item was managed by whom and when. Finale Inventory helps verify the transactions done in purchasing with the financial records of the company to give you a clear picture of how things are progressing. 

Pros and Cons 

Pros

• Consolidate sales-driven data
• Set different pricing tiers
• Make data-driven decisions
• Automate sales forecasting for ordering
• Data Integrity
• Scalability
• Low maintenance and operating cost
• User friendly
• Great customer support
• Multiple software integrations 
• RFID support
• Multi-location Support
• Easy Customization
• Extensive Reporting

Cons 

• System glitches
• Steep learning curve
• iOS interface not as user-friendly as desktop browser version

Pricing 

Finale Inventory offers 6 types of price plans to its users that include; Starter, Bronze, Silver, Gold, Platinum, and Platinum+.

Integrations 

• Acenda
• Amazon
• Ameri Commerce 
• Back Market
• Big Commerce
• Channel advisor
• Core commerce
• eBay
• Etsy
• Faire
• Flxpoint
• Geekseller
• Google drive
• Inventory source
• Lightspeed
• Magento
• Newegg
• QuickBooks
• Shopify
• Wallmart 
• WooCommerce 
• Squarespace

Average rating 

Let’s move forward to investigate the average rating given to Finale Inventory by the top review sites such as G2, GetApp, and Capterra. As per the ratings collected from each of these sites, the average rating for Finale Inventory was calculated to be 4.7.

Customer Support Options

Finale Inventory offers customer support through phone and email. Customers can get information about sales and support through these channels. Finale Inventory also offers a live chat option where customers can get instant feedback.

Product Screenshots

Support Platforms

Finale Inventory is available for web and Android users. The mobile app is available on the Google Play Store.

Bottom Line 

Finale Inventory offers rich features and numerous capabilities that enable users to effortlessly manage their inventory. Finale Inventory comes with a variety of price plans - enabling the customers to select the plan which best suits their business type. With an average rating of 4.7, Finale Inventory is an ideal software to consider for optimal inventory management solutions. 

Conclusion

Inventory management is considered one of the most vital components in the successful running of a business. thankfully, the technological era has made handling and management of inventory a lot easier than before. Now, there are a variety of solutions that help you streamline inventory management without any hassle. However, choosing the right one best suited for your needs may be a bit difficult. 

In this article, we have put forth the 6 best inventory management software for your consideration. The solutions reviewed in this article are selected and critiqued based on a variety of characteristics. Hopefully, you will find enough information here to help you make the right decision. If you would prefer to go with our pick, we’d say try ZarMoney and see if it works out for you.