Supply chain issues have caused havoc for retailers over the last couple of years. And with predictions suggesting things are unlikely to change any time soon, effective inventory management has become more essential than ever before.
One of the best ways to keep on top of stock is to use cloud-based inventory management software. These tools tell you much of each item you have and where they are located, thus helping you make more informed ordering and stock management decisions.
In this article, I’ll introduce some of the best cloud-based inventory management software available and explain some of the key points to look out for.
Here’s the list of the best tools that I’ll cover in this article.
What do I look for when I select the best cloud-based inventory management platform? Here’s a summary of my evaluation criteria:
User Interface (UI): A clear UI ensures insight into your inventory levels is clear and easy to access.
Usability: The software needs to be easy to use. I look for features like mobile apps, automation, and clear dashboards.
Integrations: Integrations help automate simple tasks. I look for tools that connect with ecommerce platforms, accounting software, ERP solutions, and logistics companies.
Value for $: Optimal inventory management practices save money and free up capital. Maximize savings by choosing a cost-effective tool.
Inventory Management: Key Features
The exact features your cloud-based inventory management tool has depends on the one you choose. But most will have some of the following key features:
Centralized inventory: Most tools connect with your sales platforms to create a central inventory database. Changes to one platform are reflected across your entire system.
Stock level notifications: Look for tools that alert you when stock levels are low so you can purchase more before the product runs out.
Multiple locations: Look for tools that connect to offline locations such as retail outlets and warehouses.
Order tracking: The tool should be able to track incoming orders so you can dig into each one to see how it is progressing.
Intelligent inventory management: These features ensure you manage stock effectively. For example, by always fulfilling orders from the nearest warehouse or by transferring stock from the warehouse to locations with low inventory.
Logistics integration: This lets you get quotes from logistics partners, print off labels, and then ship to customers from within the platform.
B2B sales features: Some tools have dedicated B2B features, such as the ability to create catalogs, manage quotes, and generate sales orders.
Manufacturing integration: Businesses that manufacture their products can use manufacturing integrations to show data about where parts are in the manufacturing process.
The Ecomm Manager is reader-supported. We may earn a commission when you click through links on our site –learn more about how we aim to stay transparent.
Overviews Of The 10 Best Cloud-Based Inventory Management Software Solutions
Here’s a brief description of each cloud-based inventory management system to showcase each tool’s best use case, some noteworthy features, and screenshots to give a snapshot of the user interface.
1. Trunk – Multichannel inventory management with automatic syncing
Trunk is cloud-based ecommerce inventory management software with everything you need to manage multiple product lines across all the platforms you sell on.
Getting started with Trunk is easy because the tool automatically pulls all your product lines into a centralized inventory database. It can even automatically match SKUs on different platforms. The tool keeps this inventory list up-to-date by checking for new or removed product lines.
The tool has a powerful inventory syncing system. This ensures your stock is accurately reflected on each connected platform. For example, if you sell four items on Etsy, inventory levels on Shopify and Amazon will be updated to reflect that you have fewer items in stock.
Another cool feature is linking product lines that use the same inventory. For example, if you sell both single and multipacks of the same product, any multipack sale will be reflected in the single product line inventory count.
Trunk integrates with plenty of major ecommerce platforms including eBay, Amazon, Etsy, Shopify, and WooCommerce. Pricing starts at $35 per month for up to 100 orders and you can grab a 14-day free trial.
2. inFlow – Manage inventory across multiple locations
inFlow is inventory software with plenty of advanced features. Use it to build a centralized inventory database that syncs across all your platforms and locations. You can see how much stock you have and where each item is, which helps with inventory planning.
The tool has a cool reorder point feature that notifies you when a product line reaches a predefined inventory level. Use this information to order more stock before products sell out, thus maximizing sales potential.
inFlow has a mobile app that turns your phone into a barcode scanner. Use this to reflect stock adjustments, such as transfers between stores. You can also use the app to buy and print mailing labels and automatically send tracking information to customers.
inFlow connects to Amazon, Shopify, WooCommerce, and Squarespace. You can also connect to accounting software like QuickBooks or Xero.
Pricing starts at $99 per month for up to 100 sales at a single location. To use the multi-location features, you’ll need the small business plan that allows for 2,000 sales at unlimited sites. You can grab a 14-day free trial to test the software.
3. NetSuite ERP – ERP platform with advanced inventory management
NetSuite inventory management software connects all your locations and sales channels to help you use stock more efficiently. It tracks stock levels automatically and syncs so your entire system is always up to date.
The tool works with all your sales channels and locations, whether on or offline. As well as your shops and warehouses, you can sync to pop-up stores, drop-shippers, and third-party logistics providers.
You also get in-depth order tracking to track all activities associated with every order. This lets you see exactly what happened, which is helpful for analyzing errors to ensure they don’t occur again.
Another useful feature is intelligent fulfillment. This can increase profitability by intelligently choosing the most cost-effective way to fulfill an order. For example, by ensuring orders are fulfilled from the location or warehouse close to the buyer.
Netsuite doesn’t advertise pricing so contact the sales team for more information.
4. Cin7 – Inventory management tool with features for both B2C and B2B
Cin7 is multichannel inventory management software with features for B2B and B2C sellers. This ensures that all your customers can see the right products on any sales channel, helping you maximize sales.
Cin7 has features designed for B2B sellers. You can create catalogs that provide information about pricing, payment terms, and quotes. Use this to place wholesale orders online or create sales orders from within the platform. Your B2B sales channels are connected to your B2C ones so inventory levels are always accurate.
The tool has plenty of reporting features to track sales and inventory. You can dig into each individual sale to see exactly how it was fulfilled.
The tool connects to all relevant platforms, including e-commerce marketplaces, retail stores, accounting software, and logistics platforms. You can also create workflows and rules across platforms to minimize manual work and optimize inventory. A good example of this is that you can automatically send stock from one location to another when levels are low.
Cin7 pricing starts at $299 per month, which provides access to three connections for two users. Contact the sales team to book a free demo.
5. Fishbowl – Inventory management software with manufacturing management capability
Fishbowl is a manufacturing and warehouse management system. It lets businesses connect their inventory needs to manufacturing processes so they always produce the right number of products.
The dashboard contains all the data you need to manage orders. You can see incoming orders, real-time inventory levels, and customers and sales.
You can create simple orders, as well as those with multi-level instructions. For example, if you sell bikes, you can add steps to ensure each piece of the bike is included and tested for every order.
You can also manage inventory flow by seeing real-time data about where each part is in the manufacturing process.
The tool helps with shipping by integrating with logistics providers like FedEx and UPS. You can also see quotes from each provider to pick the cheapest one.
Fishbowl integrates with plenty of popular sales platforms, including Amazon, Shopify, eBay, and Magento. It also connects with CRM and accounting tools so you can build processes across your business.
6. Netstock – Inventory optimization tool with intelligent insight
Netstock is an inventory optimization tool that helps businesses ensure they always have an optimum level of stock.
The tool automatically categorizes inventory and provides automated suggestions you can take to optimize inventory levels. For example, it will classify each SKU based on sales value and the number of sales, so you can see how vital each line is. Or it will highlight where you have a purchase order that is likely to result in an overstock situation.
The tool also has prediction features that can forecast sales and supply risk. Use this information to make more informed restocking orders.
The tool works on top of ERP systems like Sage, Microsoft Dynamics, and SAP One. It uses data from these tools to create dashboards with the data you need to manage inventory. You can see where stock-outs are costing sales and where you have too much stock that is taking up capital that could be used elsewhere.
Netstock offers three pricing plans; contact the company for a quote.
7. Sage X3 – ERP system with powerful inventory management
Sage X3 is an ERP with advanced cloud inventory management features. You can see real-time information about stock level, shipping data, and customer information to fulfill orders at speed.
The tool has powerful automation features to remove manual tasks. For example, you can automate invoicing to collect payments faster. Or you can automate purchasing processes to ensure you always have stock on hand.
The tool’s forecasting features stand out. They provide real-time inventory data you can use to create informed forecasts to help avoid stockouts and reduce overstocked inventory.
Sage X3 integrates the brand’s other software, such as its accounting and HR tools. The company doesn’t provide pricing for X3, but you can contact the sales team for more information.
8. Sortly – Inventory management with features for small businesses
Sortly is cloud inventory management software for small businesses. It has plenty of features to help you manage inventory. For example, you can set up alerts to notify you when stock levels are low. Or you can connect barcodes to items to track your stock.
Businesses use the tool in industries such as construction, aviation, and education. It has dedicated features for these types of companies. For example, construction firms can keep track of equipment like drills, while schools can offer customizable access to students and teachers.
The tool has a mobile app you can use to allow your team to manage inventory. You can set up permissions to keep things secure and track all activity. You can also use the tool with dedicated handheld scanners.
Sortly has a free plan for one user and up to 100 entries. Paid plans start at $49 per month for three users and 2,000 entries.
9. Wasp – Inventory management with drop shipping features
Wasp is inventory management software that helps you maintain accurate stock counts and reduce time-consuming manual work.
The tool can be used for everything from retail inventory control to manufacturing process management. It even has consumables tracking for businesses like construction firms or hospitals.
It’s easy to set up inventory alerts that tell you when items are running low and make reordering easy. You can then create a single purchase order for inventory and non-inventory items.
The tool has features that let you create pick order requests. You can use mobile barcode scanning to improve accuracy. Or you can convert pick orders into drop ship orders if you don’t have enough stock. This allows you to ship directly from your vendor to your customer without affecting your own stock levels.
Wasp doesn’t provide pricing information, but you can request a quote via the website.
10. Zoho Inventory – Inventory management with deep logistics connections
Zoho Inventory is cloud-based inventory management software with features for tracking sales and managing stock through online and offline platforms.
You can connect all the channels you use, including Amazon, Shopify, eBay, and Etsy. All sales and orders made on these channels are imported and reflected in the Zoho dashboard, ensuring you always have accurate stock counts. You can also connect warehouses to manage stock levels.
A standout feature is that the tool integrates with over 25 shipping services, including FedEx, DHL, and Direct Link. Use this to gather quotes and track the shipping status of each sale. There’s also a mobile app to see order updates wherever you are.
Zoho has a free plan for up to 50 orders per month. Premium plans start at $59 for 1500 orders and two warehouses.
Need expert help selecting the right Inventory Management Software?
We’ve joined up with the software comparison platform Crozdesk.com to assist you in finding the right software. Crozdesk’s Inventory Management Software advisors can create a personalized shortlist of software solutions with unbiased recommendations to help you identify the solutions that best suit your business’s needs. Through our partnership you get free access to their bespoke software selection advice, removing both time and hassle from the research process.
It only takes a minute to submit your requirements and they will give you a quick call at no cost or commitment. Based on your needs you’ll receive customized software shortlists listing the best-fitting solutions from their team of software advisors (via phone or email). They can even connect you with your selected vendor choices along with community negotiated discounts. To get started, please complete the form below:
Here are a few more that didn’t make the top list.