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You’ve hit the jackpot with an ad that’s working like a dream. The products are flying out of your warehouse until… suddenly, unexpectedly, your bestseller is out of stock.
Maybe in that very same warehouse, forgotten and gathering dust, are products you ordered five or more years ago. They’re not selling, but you’re still paying for storage space.
If there’s a chance your business could find itself in those situations — or you generally waste too much time planning your inventory — it’s probably time to evaluate your tool stack.
A good inventory management system will help you to reorder in the right quantities and at the right times, show you which products are not shifting, and give you the insights you need to make smarter inventory decisions.
There’s no ‘ding, ding, ding, we have a winner’, definitive best inventory management software because there are so many options available. It’s about finding the inventory software with the integrations, features and pricing that’s right for your stack.
Keep in mind that inventory management means different things to different people. Some tools are inventory tracking software for retail — not necessarily ecommerce. Others meet the needs of distributors, manufacturers and specific industries. We’ll focus on tools that work particularly well for ecommerce.
Let’s take a look at some of the software you can choose from:
Veeqo markets itself as inventory management software for ecommerce. That’s clear from its features list, which includes integrations with all major ecommerce platforms.
Pricing: Starts at £150 per month
Pros:
Cons:
Cin7 Orderhive is all about ecommerce automation. Multichannel inventory management (or inventory control software as Cin7 defines it) is at the heart of that. There’s a focus on optimising inventory levels via just-in-time stock management.
Pricing: Starts at $95 per month
Pros:
Cons:
Netsuite Inventory Management is part of the Oracle Netsuite enterprise resource planning (ERP) platform and integrates with other software in the range. But it’s not necessarily tailored to ecommerce and it’s one of the most expensive options on this list.
Pricing: Starts at $999 per month
Pros:
Cons:
InFlow Inventory is an all-in-one piece of inventory software that incorporates tracking, pricing, packing, and shipping for ecommerce businesses, with integrations for a range of platforms and accounting software.
Pricing: Starts at $79 per month
Pros:
Cons:
Zoho Inventory is the web-based inventory software from Zoho’s suite of SaaS and business apps. These integrations make it a comprehensive inventory tool for SMEs, and it boasts a clean UI. But it may fall short for businesses with complex warehousing structures.
Pricing: Starts at $49 per month
Pros:
Cons:
QuickBooks Commerce was formerly TradeGecko. Since its acquisition, it’s the best example of an accounting platform offering inventory management software ecommerce businesses can use. Its integration with other QuickBooks tools is a key selling point.
Pricing: Starts at $100 per month
Pros:
Cons:
SellerCloud’s features go beyond those of many of the tools in this list. It includes an inventory tracking system but also a wider suite of technology, including catalogue management, purchasing and accounting. The pricing reflects the wide range of tools.
Pricing: Starts at $1,000 per month
Pros:
Cons:
Katana is aimed squarely at manufacturers, but because it targets small manufacturing businesses and those selling online it also works well for ecommerce. The other key benefit of the manufacturing link is its end-to-end traceability features.
Pricing: Starts at $99 per month
Pros:
Cons:
As we said at the outset, that will be up to you to decide. The best software for your inventory might be completely different from what works for another ecommerce company. Many of the tools have similar functionality and integrations because they’re all catering for ecommerce businesses.
To find what’s best for you:
Looking for useful ways to spend all the time you’ll save on inventory management? We send out a regular newsletter packed with insights and information for ecommerce businesses like yours. Sign up now.
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