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In ancient times, retailers used something called pen and paper to record how much product they had in stock, manually adding and subtracting for every unit that came and left. Then there was Excel sheets, which was still pretty rough.

Finally, inventory management software changed the game.

Ecommerce retailers couldn't exist without computers and the internet, obviously. So, it only makes sense that they use these futuristic inventions to automatically keep up with their inventory.

First there were a few options, but now there are so so many. It's exhausting to have to choose. The best inventory management software is out there, you just have to find it.

You want something that'll automate key processes like ordering, counting, storing, selling, and returning inventory. You want to reduce manual errors, save time, and use your time for more important stuff, like growing your brand.

We've done the work. That's why you're here. We have pallets and pallets of ecommerce expertise, plus a scoring system to reduce our own manual errors, which has resulted in this list of best ecommerce inventory software.

Let's get into it.

What Is Inventory Management Software?

Inventory management software is a digital platform designed to monitor and manage stock levels, orders, sales, and deliveries.

It automates and streamlines inventory-related tasks, providing real-time data on inventory status. This software helps avoid overstocking or stock shortages, facilitates efficient order fulfillment, and supports accurate demand forecasting.

By using inventory management software, businesses can:

  • Monitor stock levels: Keep track of how much inventory is on hand at any given time.
  • Manage orders: Oversee the entire order process, from placement to fulfillment.
  • Track sales: Monitor sales data to understand what products are selling and at what rate.
  • Coordinate deliveries: Ensure timely delivery of products to customers or other locations.
  • Automate tasks: Reduce manual work by automating repetitive inventory-related activities.
  • Provide real-time data: Access up-to-date information on inventory levels, order status, and sales performance.

This software is essential for maintaining optimal inventory levels, ensuring efficient operations, and supporting strategic business decisions.

Why Trust Our Inventory Management Software Reviews

We’ve been testing and reviewing ecommerce software since 2021. As ecommerce experts ourselves, we know how critical, and how difficult it is to make the right decision when selecting software.

We invest in deep research to help our audience make better software purchasing decisions.

We’ve tested more than 2,000 tools for different ecommerce use cases and written over 1,000 comprehensive software reviews.

Learn how we stay transparent and our review methodology.

Best Inventory Management Software Comparison Chart

This comparison chart summarizes basic details about each of my top inventory management software selections. You can view pricing details and the availability of free trials or demos side-by-side to help you find the best software for your budget.

Tools Price
Linnworks From $449/month (volume-based pricing)
SkuVault From $359/month
Cin7 Core From $349/month
ShipBob Pricing upon request
MRPeasy From $49/user/month
Helcim From 0.50% + $0.25 per transaction
Zoho Inventory From $79/month.
Sage X3 Pricing upon request
Cin7 Omni From $399/month
Sortly From $49/month
Preview Image - <h2 class="c-block__title b-summary-table__title c-listicle__title h3" > Compare Software Specs Side by Side</h2>

Compare Software Specs Side by Side

Use our comparison chart to review and evaluate software specs side-by-side.

Compare Software

How to Choose Inventory Management Software

With so many different ecommerce inventory management software options, it's no picnic deciding which one will be the best fit for your brand.

As you're shortlisting, trialing, and selecting inventory management software, consider:

  • What you want to use it to do: Start by identifying the feature gap you're trying to fill to clarify the features and functionality the software needs to provide.
  • Who will need to use it: To evaluate cost and requirements, consider who'll be using the software and how many licenses you'll need. You'll need to determine if it’ll just be ecommerce professionals or the whole organization that will require access. When that's clear, consider if you're prioritizing ease of use for all or speed for your stock control software power users.
  • What other tools it needs to work with: Clarify what tools you're replacing, what tools are staying, and the tools you'll need to integrate with, such as accounting, CRM, or project management software. Decide if the tools will need to integrate together, or if you can replace multiple tools with one consolidated inventory management software.
  • What outcomes are important: Consider the results that the software needs to deliver to be considered a success. Think about what capability you want to gain or what you want to improve, and how you will measure success. For example, an outcome could be the ability to get greater visibility into performance. You could compare inventory management software features until you’re blue in the face, but if you aren’t thinking about the outcomes you want to drive, you could be wasting a lot of valuable time.
  • How it would work within your organization: Consider the software selection alongside your workflows and delivery methodology. Evaluate what's working well and the areas that are causing issues that need to be addressed. Remember, every business is different—don’t assume that because a tool is popular, it'll work in your organization.

If you still need guidance on this, we covered this extensively in our guide to choosing inventory management software.

Best Inventory Management Software Reviews

Here are my top 10 picks for the best inventory software. I’ll outline key features, integrations, and pricing information, where available. Keep reading for additional tools at the bottom of this article.

Best for multichannel management automation

  • Free demo available
  • From $449/month (volume-based pricing)
Visit Website
Rating: 4.4/5

Linnworks is an inventory management software with order automation tools and multichannel listing capabilities.

Why I picked Linnworks: Ecommerce businesses can use this software to manage their orders and inventory across multiple selling platforms, icluding Amazon, Ebay, Magento, and Shopify. The platform enables bulk listing and bulk updates as well as price synchronization across channels. Users can also manage their inventory, track inventory performance, and leverage the software's stock forecasting feature to keep up with demand.

The software's automation capabilities include order workflows, purchase orders, and warehouse operations. By automating tasks, businesses can reduce errors and improve their order processing times. Predictive insights and performance tracking are also available in the platform.

Linnworks Standout Features & Integrations

Features include inventory syncing across sales channels, stock forecasting, real-time consumption tracking, multiple warehouse location management, automatic product listing updates, and shipping management.

Integrations include Allegro, Amazon, BigCommerce, Buy on Google, EasyShip, eBay, Etsy, FedEx, Magento, Michaels, QuickBooks, ShipBob, Shopify, Walmart, Wayfair, Wish, and WooCommerce.

Pros and cons

Pros:

  • Great customer service
  • Can handle multi-channel systems
  • Create rules for dispatch & integrated invoices

Cons:

  • UI could be more user friendly
  • No SAP integration

Best for its detailed restocking recommendations

  • Free demo available
  • From $359/month
Visit Website
Rating: 3.9/5

SkuVault is an advanced, cloud-based inventory management software that comprehensively mitigates common warehouse efficiency challenges.

Why I Picked SkuVault: Companies can easily manage their inventory and stay on top of their supply-chain management needs while maximizing productivity. SkuVault's reporting features provide detailed insights into inventory performance, highlighting key metrics that can help users refine their inventory management strategies. Sellers can track the movement of items, inventory counts, and low-stock alerts, among other configurable alerts. This information can be accessed directly from the dashboard, with the ability to customize the reports to meet their requirements.

SkuVault provides the ability to analyze sales patterns and forecast inventory needs using built-in tools. Detailed business insights enable users to make data-driven decisions that can help boost sales, improve supplier relations, and increase profits. Merchants can easily manage product lists, offering features such as SKU duplication and bundling support. It can also manage product attributes, such as color, size, and weight, enabling users to assign unique details to each product variant. The software’s product management features support the creation of variable listings on popular marketplaces like Amazon.

SkuVault Standout Features & Integrations

Features include inventory tracking, order fulfillment, multi-channel selling, real-time inventory tracking, data analytics, cycle counts, automated reordering, barcode scanning, inventory forecasting, barcode scanning, real-time data syncs, inventory picking and quality control, advanced analytics and reporting, and multiple warehouse management.

Integrations include Amazon, BigCommerce, eBay, Etsy, GeekSeller, Magento, Microsoft Dynamics, NetSuite, QuickBooks, Salesforce, RetailPro, Sellbrite, ShipRush, Shopify, Square, WooCommerce, and many more.

Pros and cons

Pros:

  • Wealth of training materials + supportive staff
  • Supports secondary/alternate SKU
  • Handles kitting and light manufacturing ops

Cons:

  • Mobile app could be better
  • Hard to find stale inventory age

Best for manufacturers and product sellers

  • 14-day free trial
  • From $349/month
Visit Website
Rating: 3.8/5

Cin7 Core is an inventory management software that helps you have an automated, efficient and traceable inventory lifecycle. By focusing on inventory management as its core functionality, Cin7 Core ensures that businesses can effectively track, monitor, and control their inventory levels, leading to improved operational efficiency and cost savings.

Why I chose Cin7 Core: It offers a centralized platform for efficient inventory tracking, order management, and real-time visibility, making it easier for businesses to optimize their supply chains. It provides a centralized platform to efficiently manage inventory, reduce stockouts, and improve order fulfillment.

Cin7Core particularly stood out to me because it provides connected inventory management, automated workflows, and integrations with 3PL and EDI systems. The system also offers additional tools such as point of sale, B2B portals, and robust reporting, providing a complete solution for businesses. The B2B portals will free your team from manual order entry and error resolution

Cin7 Core Standout Features & Integrations

Features include robust reporting and analytics features, enabling you to generate custom reports, track KPIs, and gain insights to make data-driven decisions. Overall, I like that you can handle purchase orders, storage, production, multi-channel sales, and fulfillment and returns from one place.

Integrations include accounting software and other platforms, including Shopify, Quickbooks, Amazon, and Xero. Additionally, it has developer APIs you can use to build custom integrations with your current tech stack. Integrations with 3PL and EDI systems are available for when you need to scale.

Pros and cons

Pros:

  • Mobile app for flexible inventory management
  • Automation for repetitive tasks
  • Real-time inventory tracking

Cons:

  • Can take time to learn
  • Limited integrations

Best end-to-end inventory & fulfillment

  • Free demo
  • Pricing upon request
Visit Website
Rating: 3.6/5

ShipBob is an inventory management software for ecommerce businesses. It provides real-time visibility into inventory levels and shipping status across multiple warehouses. Online retailers can efficiently manage and optimize their supply chain by syncing orders, inventory, and shipments across sales channels.

Why I Picked ShipBob: ShipBob’s advanced analytics provide insights into inventory health, customer orders, and other sales data. Users can filter and sort by product categories, locations, and other attributes to gain actionable insights into their inventory. ShipBob's inventory forecasting feature helps users accurately predict demand and make informed decisions on ordering stock. This feature takes into account historical sales data, current stock levels, and sales projections.

ShipBob's automated order management system lets sellers efficiently manage orders in real time, including processing, tracking, and shipment. With automated fulfillment, ShipBob immediately processes orders once customers place them. The software alerts the warehouse to pick, pack, and ship the order to the customer. Businesses can customize their shipping solution by adding additional features specific to their requirements. For instance, users can add features like kitting, bundling, and personalized unboxing experiences.

ShipBob Standout Features & Integrations

Features include dashboards, data export/data import, data visualization, external integrations, inventory tracking, multi-user, notifications, product catalog, shipping management, API access, and order management

Integrations include Shopify, Amazon, BigCommerce, Magento, Squarespace, Square, Walmart, Wix, and WooCommerce.

Pros and cons

Pros:

  • Small business friendly
  • Scalable solution (can do inventory only, or full 3PL)
  • Order tracking built in

Cons:

  • Doesn't always update in real time
  • More native integrations welcomed

Best for manufacturers

  • 30-day free trial
  • From $49/user/month
Visit Website
Rating: 4.3/5

MRPeasy is an inventory management software that helps manufacturers optimize their order, supply, and production processes.

Why I picked MRPeasy: Users can manage and track stock levels and locations, order lifecycles, and inventory performance metrics in the platform. The software helps users optimize their manufacturing processes with production planning features like automated reordering and an integrated order fulfillment system. To manage stock levels, users can place purchase orders from multiple vendors at once. Picking lists for warehouse workers and shipping labels are generated automatically through the system.

Users can quickly generate reports on any aspect of their inventory management process, such as total revenue, cost per item, and the average time from order to delivery date. The software can also produce reports on things like order histories, shipment statuses, and on-hand stock levels. This helps businesses identify areas where they can improve their process efficiency or reduce costs associated with managing inventory.

MRPeasy standout features & integrations

Features include automated reordering, stock level notifications, barcode scanning, auto-generated picking lists, warehouse lifecycle tracking for batches and lots, and reporting.

Integrations include BigCommerce, Magento, Pipedrive, QuickBooks, ShipStation, Shopify, Ware2Go, WooCommerce, and Xero. Additional integrations can be accessed with a paid Zapier account.

Pros and cons

Pros:

  • Automated production planning features
  • Affordable option for SMBs
  • Flexible functionalities to cater to unique business needs

Cons:

  • The tool is simple, so lacks some more specific features
  • Customer support is not accessible by phone

Best for small business inventory + POS in one

  • Free account available
  • From 0.50% + $0.25 per transaction
Visit Website
Rating: 4.4/5

Helcim is a payment solution tool that offers transparent and affordable options for small and medium businesses accepting credit card payments in-person or online. With its focus on providing transparent payment solutions, Helcim stands out as the best tool for businesses looking for a reliable and secure payment processing system.

Why I Picked Helcim: I chose Helcim for inventory management software due to its commitment to transparent and affordable payment solutions, which is critical for managing the financial aspects of inventory. Helcim distinguishes itself with its Interchange Plus pricing model and a comprehensive suite of payment tools, ensuring businesses have access to a variety of payment options. I believe Helcim is best suited for transparent payment solutions because it emphasizes clear pricing, security, and compliance.

Helcim Standout Features and Integrations

Features include merchant accounts for accepting credit and debit card payments, a mobile app for iOS and Android for on-the-go payment acceptance, virtual terminals for processing transactions over the phone or via other non-direct methods, and payment gateways for integrating payments into business websites with features like hosted payment pages, QR codes, and recurring payment plans.

Integrations include Xero, Quickbooks, WooCommerce, Foxy.io, and Great Exposure.

Pros and cons

Pros:

  • Support through phone, email, and an online ticket system
  • Interchange-plus pricing model is highly transparent
  • Extensive range of services beyond inventory management alone

Cons:

  • Limited physical presence outside Canada and the US
  • Complexity for small merchants

Best for small businesses

  • 14-day free trial + free plan available
  • From $79/month.
Visit Website
Rating: 4.3/5

Zoho Inventory is a cloud-based inventory management system that sits within the Zoho business software suite. It's an excellent choice for small businesses with tight budgets since they offer a free plan for up to 50 orders per month, with other affordable plans available for businesses with higher sales volumes.

Why I picked Zoho Inventory: With Zoho Inventory, you get the assurance of working with a quality software company that's well-known for good customer service, plus the option to trial the software with a free account and scale up to add more features as needed.

Zoho Inventory stands out as a great inventory management solution due to its user-friendly interface, robust feature set, and seamless integration with other Zoho applications and third-party software. It offers businesses of all sizes efficient tools for tracking stock levels, automating order management, and generating insightful reports to optimize their supply chain operations. With features like multi-channel selling, barcode scanning, and real-time inventory updates, Zoho Inventory empowers businesses to streamline their inventory management processes, reduce manual errors, and ultimately improve their overall efficiency.

Zoho Inventory Standout Features & Integrations:

Features include vendor-managed inventory, reporting, analysis, and lot traceability. Users can create purchase orders, backorders, and drop shipments, as well as track every inventory item by serial number. Other benefits include features such as shipment estimating, tracking, bill of materials, and delivery confirmation. Mobile apps are available for both Android and iOS devices.

Zoho Inventory integrates natively with various ecommerce platforms and PoS systems, including Amazon, Etsy, eBay, Shopify, Magento, Bigcommerce, WooCommerce, and TradeGecko, and with numerous shipping and payment service systems. Additional custom integrations are also available by connecting a paid Zapier account too.

Pros and cons

Pros:

  • Fits many business needs
  • Easily customizable
  • Affordable pricing

Cons:

  • Some features are slow
  • Tech support needs work

Best enterprise resource tracking (ERP) package

  • Free demo available
  • Pricing upon request
Visit Website
Rating: 4.2/5

Sage X3 is a powerful ERP and inventory management system that helps companies respond to change, reduce excess inventory, and cut costs. The software can be deployed in the cloud, on-premises, or using a hybrid of both. It is designed to be a multi-company, multi-country, and multi-site solution.

Why I picked Sage X3: Their inventory management system uses real-time supply-chain data to help organizations make decisions about stock volume and whether to restock or discontinue items. Their software also helps to automate purchasing while controlling inventory costs.

Sage X3 is a robust solution for inventory management due to its comprehensive features and user-friendly interface. It offers real-time visibility into inventory levels, enabling businesses to optimize stock levels and minimize carrying costs. With its ability to automate tasks like order processing, replenishment, and demand forecasting, Sage X3 streamlines operations and reduces the risk of overstocking or stockouts. It's scalability and customizable reporting tools empower organizations to adapt to changing inventory needs and make data-driven decisions, ultimately improving efficiency, accuracy, and profitability in their inventory management processes.

Sage X3 Standout Features & Integrations:

Features include financial management, supply chain management, manufacturing management, business intelligence, multi-company and multi-site capabilities, compliance and regulatory support, mobile access, workflow automation, and integration capabilities.

Sage X3 integrates natively with other Sage applications and industry-leading software, including Boomi, Certify, erpCommerce, Planful, Lynq, Prophix, Skynamo, SPS Commerce, YayPay, and others.

Pros and cons

Pros:

  • Can handle multiple companies' stock
  • Quality control processes work well
  • Robust set of features

Cons:

  • No document management in standard version
  • Financial reporting could be stronger

Best for advanced multichannel order management

  • Free demo
  • From $399/month
Visit Website
Rating: 3.9/5

Cin7 is a cloud-based inventory and order management software solution built for ecommerce businesses managing multiple sales channels. Their software allows online retailers to manage online, B2B, retail, and wholesale channels.

Why I picked Cin7: Their all-in-one platform functions as an enterprise resource planning (ERP) alternative, and includes integrated modules for ecommerce, retail, B2B sales, manufacturing, marketplaces, logistics, and electronic data interchange (EDI) management. They offer a lot of value for businesses who may benefit from ERP software, but don't already have one in place.

Cin7 Omni stands out as an excellent choice for inventory management due to its holistic approach to handling inventory across multiple sales channels and distribution networks. It excels in providing a centralized platform that integrates with various ecommerce platforms, marketplaces, and third-party logistics providers, allowing businesses to efficiently manage their stock across a complex omni-channel environment. With features like real-time tracking, demand forecasting, and automated order processing, Cin7 Omni not only optimizes inventory levels but also enhances visibility and control, reducing the risk of stockouts and overstocking while ensuring accurate, timely fulfillment of orders, making it a valuable asset for businesses looking to streamline their inventory management and meet the demands of today's omnichannel retail landscape.

Cin7 Standout Features & Integrations:

Features include inventory management, built-in EDI and point of sale, inventory control, order management, order automations, built-in 3PL, Amazon FBA and seller, inventory reporting, B2B ecommerce, and reporting.

Cin 7 integrates with 700+ popular accounting, ecommerce, warehouse and shipping platforms through a combination of native integrations and third party connectors. Popular platform integrations include Etsy, EVO Payments, GoSweetSpot, Magento, Mailchimp, PayPal, Salesforce, ShipStation, Shopify, Walmart, Wayfair, WooCommerce, and others.

Pros and cons

Pros:

  • Handles multiple sales channels and distribution networks
  • Vast number of integrations
  • User-friendly

Cons:

  • Long loading times
  • Delays in customer support

Best for ease of use

  • 14-day free trial + free plan available
  • From $49/month

Sortly is a cloud-based inventory management software solution that caters specifically to the small business market. They offer a simplified user interface, and are well-suited for small and growing businesses, including those run by sole proprietors.

Why I picked Sortly: Their interface is easy to use and requires little to no training to find your way around, making it a friendly option for organizations with smaller inventory management needs. In addition, their mobile apps for Android and iOS devices allow users to manage inventory from anywhere, making it a good choice for business owners who are often on the go.

Sortly is an excellent choice for inventory management, particularly for businesses that prioritize simplicity and organization. Its user-friendly interface and intuitive design make it easy for users to catalog and track their inventory, ensuring that items are easily located and managed. With features like barcode scanning, custom labels, and multi-location tracking, Sortly simplifies the process of organizing and monitoring inventory across various sites or departments. Additionally, its cloud-based accessibility allows for real-time updates and collaboration, promoting efficient inventory control and reducing the likelihood of stock discrepancies or inefficiencies. Sortly's straightforward approach makes it an ideal solution for businesses seeking an uncomplicated yet effective inventory management tool.

Sortly Standout Features & Integrations:

Features include location tracking, barcoding, activity tracking, audit trails and customizable access profiles. Users can add notes or tags to items, upload item photos, search and track products, or print customizable QR labels. They can also scan UPC, ISBN, and EAN barcodes to find specific items, plus send reminders for loaned items, warranty expirations, or return dates.

Sortly is currently developing API integrations with popular accounting and ecommerce providers, including Shopify, QuickBooks, and Xero. However, API access is only included in their Enterprise level plan.

Pros and cons

Pros:

  • Ability to export folders
  • Easy to add new inventory
  • Ability to share inventory lists

Cons:

  • No location section
  • Limited reporting

If you still haven't found what you're looking for here, check out these tools related to inventory management software that we've tested and evaluated.

Selection Criteria for Inventory Management Software

Finding the inventory management software ecommerce brands can rely on takes deep research and specific selection criteria.

We dive into both the functionality it offers and how well it meets specific use cases critical to your business operations.

This type of software encompasses a wide range of features aimed at optimizing stock levels, enhancing supply chain visibility, and improving order fulfillment efficiency.

Through personal trials and comprehensive research, we've developed a criteria framework to evaluate these platforms, ensuring they address the core needs, pain points, and operational demands of businesses managing inventory.

Core Inventory Management Functionality - 25% of total weighting score

To be considered for inclusion on our list of the best stock management software, the solution had to support the ability to fulfill common use cases. These include:

  • Real-time inventory tracking across multiple locations.
  • Efficient processing and management of purchase orders and supplier relationships.
  • Automation of reordering processes to prevent stockouts.
  • Detailed reporting and analytics for informed decision-making.
  • Seamless integration with other business systems, such as CRM and accounting software.

Additional Standout Features - 25% of total weighting score

In identifying inventory control software that offers unique features not found in competitors, we looked for:

  • Advanced AI-driven demand forecasting for more accurate stock predictions.
  • IoT integration for real-time tracking of goods in transit.
  • Blockchain technology for secure and transparent supply chain management.
  • Customizable dashboards and reports that provide deeper insights into inventory health.
  • Mobile app availability for on-the-go inventory management and decision-making.

Usability - 10% of total weighting score

Evaluating usability involved looking at:

  • A clean, intuitive interface that simplifies complex inventory management tasks.
  • Drag-and-drop functionality for easy customization of reports and dashboards.
  • Quick access to key features and data with minimal clicks or navigation.

Onboarding - 10% of total weighting score

For onboarding, the focus was on:

  • Availability of comprehensive training materials, such as videos and documentation.
  • Interactive tutorials or product tours that guide new users through the software’s key features.
  • Responsive customer support during the initial setup and data migration phases.

Customer Support - 10% of total weighting score

Customer support was assessed by:

  • Availability of 24/7 support through various channels, including live chat, phone, and email.
  • Access to a dedicated account manager for personalized assistance.
  • An active user community or forum for peer support and advice.

Value For Money - 10% of total weighting score

Value for money considerations included:

  • Flexible pricing plans that cater to businesses of different sizes and needs.
  • A clear breakdown of features included in each plan to ensure transparency.
  • Free trials or demos that allow businesses to evaluate the software before committing.

Customer Reviews - 10% of total weighting score

In evaluating customer reviews, we looked for:

  • High ratings for ease of use, feature set, and customer support.
  • Positive feedback on the software’s impact on inventory accuracy and order fulfillment efficiency.
  • Testimonials from businesses similar in size or industry, providing relevant insights into the software’s applicability.

This criteria framework ensures that the selected inventory management platform not only covers the essential functionalities required for effective inventory control but also stands out with features that can significantly enhance operational efficiency, provide a superior user experience, and offer great value for the investment.

In 2024, we're seeing significant shifts in how businesses manage product stock and fulfill customer orders.

Based on the latest product updates, press releases, and release logs from leading tools, here's an overview of the current trends and developments in inventory management software:

  • Integration with AI and machine learning: Advanced predictive analytics for demand forecasting and automated replenishment. Tools like InventoAI have introduced machine learning algorithms that analyze sales trends and predict future demand, optimizing stock levels and reducing overstock or stockouts.
  • Sustainability in inventory management: Features focusing on reducing waste and optimizing resource use. EcoInventory integrates carbon footprint tracking for products and suggests eco-friendly stocking methods and materials.
  • Legacy features becoming less important: There's a decreasing need for manual data entry and spreadsheet-based inventory tracking. Standalone inventory management systems that lack integration capabilities are also becoming less relevant.
  • Cloud-based solutions: More companies are moving towards cloud-based inventory management systems, which offer greater flexibility, scalability, and accessibility. These solutions allow businesses to manage inventory from anywhere, facilitating remote work and real-time updates.
  • Mobile accessibility: Mobile apps for inventory management are on the rise, enabling on-the-go inventory tracking, barcode scanning, and real-time data updates. This trend is particularly beneficial for warehouse operations and field services.
  • IoT integration: The Internet of Things (IoT) is playing a larger role in inventory management. Smart sensors and RFID tags are being used to track inventory in real-time, providing accurate data on stock levels, location, and movement.
  • Enhanced security features: With increasing cyber threats, inventory management software is incorporating advanced security measures, such as encryption, multi-factor authentication, and regular security updates to protect sensitive data.
  • Customizable and modular systems: Businesses are seeking inventory management solutions that can be tailored to their specific needs. Customizable and modular systems allow companies to add or remove features as required, ensuring they only pay for what they need.

These trends highlight the industry's move towards smarter, more efficient, and eco-friendly solutions. This sets the stage for a more sustainable future in inventory management.

14 Top Features of Inventory Management Software

Beyond the basic functionalities listed above, here are some additional key inventory management features to keep an eye out for:

  1. Real-time inventory tracking: Provides up-to-the-minute data on stock levels across multiple locations, enabling businesses to accurately monitor inventory to prevent stockouts or overstocking.
  2. Barcode scanning: Facilitates quick and accurate tracking of inventory items through barcode or QR code scanning, streamlining the process of inventory counts and reducing errors.
  3. Order management: Manages the complete order lifecycle from order creation, processing, and fulfillment to ensure timely delivery to customers. This feature often includes integration with sales channels and e-commerce platforms.
  4. Multichannel management: Connects your point of sale (POS) system, sales channels, dropshipping systems, and marketplaces like Etsy, Amazon, eBay, and more.
  5. Demand forecasting: Utilizes historical sales data and analytical tools to predict future demand for products, helping businesses optimize their inventory levels and reduce carrying costs.
  6. Automated reordering: Automatically generates purchase orders for restocking based on predefined minimum and maximum stock levels, ensuring that inventory is replenished in a timely manner.
  7. Supplier management: Allows businesses to manage information about suppliers, including contact details, order history, and performance metrics, facilitating better supplier relationships and procurement strategies.
  8. Multi-location management: Supports management of inventory across multiple warehouses or retail locations, providing a unified view of stock levels and facilitating the transfer of items between locations as needed.
  9. Batch and expiry tracking: Tracks inventory items by batches, lots, or serial numbers and monitors expiry dates—crucial for businesses dealing with perishable goods or items with shelf-life considerations.
  10. Reporting and analytics: Offers detailed reports and analytics on inventory levels, sales performance, order history, and more, enabling businesses to make informed decisions based on accurate data.
  11. Integration capabilities: Seamlessly integrates with other business systems such as accounting software, CRM (Customer Relationship Management), and ERP (Enterprise Resource Planning) systems, ensuring data consistency and streamlined operations.
  12. Cloud-based access: Provides access to inventory data from anywhere, at any time, through cloud-based platforms, enhancing flexibility and enabling remote management of inventory.
  13. Customization and scalability: Offers customizable features and scalable solutions that can grow with the business, accommodating changes in inventory volume, complexity, and business needs.
  14. Automation: Includes automatic stock replenishing options or customizable workflows to streamline your order fulfillment, inventory control, and warehousing processes.

Benefits of Inventory Management Software

Inventory management software is a critical tool for businesses looking to streamline their operations, reduce costs, and improve customer satisfaction. Here are five primary benefits of implementing inventory management software:

  • Enhanced efficiency and productivity: Automates routine tasks, reducing manual effort and errors. By automating processes such as stock level monitoring and reordering, inventory management software frees up staff time, allowing them to focus on more strategic tasks that add value to the business.
  • Improved inventory accuracy: Offers real-time tracking of stock levels and movements. This feature minimizes the chances of human error in inventory counts, ensuring that the data reflected in the system is accurate and up-to-date, which is crucial for making informed business decisions.
  • Cost reduction: Reduces excess stock and minimizes storage costs. Inventory management software helps businesses maintain optimal inventory levels by providing tools for demand forecasting and automated reordering, which in turn reduces the costs associated with holding too much stock.
  • Better decision making: Provides valuable insights through reporting and analytics. With detailed reports on inventory trends, sales patterns, and order history, businesses can make data-driven decisions that improve operational efficiency and profitability.
  • Increased customer satisfaction: Ensures product availability and timely order fulfillment. By maintaining accurate stock levels and efficiently managing orders, inventory management software helps businesses avoid stockouts and delays, leading to higher customer satisfaction and loyalty.

Implementing inventory management software offers tangible benefits that can transform how businesses handle their inventory and orders.

To improve your inventory management, investing in the right software is a step toward operational excellence and a competitive edge.

Cost & Pricing of Inventory Management Software

Cost is always a factor in choosing new software. Inventory management systems have tiered pricing like many solutions. They can also scale with your brand.

Here's a breakdown of typical plan options and pricing for inventory management software.

Plan comparison table for inventory management software

Plan TypeAverage PriceCommon Features IncludedBest For
Free$0Basic inventory management, limited orders per month, community support, essential features onlyHobbyists, solopreneurs
Basic$0 - $99/monthReal-time inventory tracking, basic reporting and analytics, single user access, limited SKUs and transactionsSmall businesses, startups
Standard$100 - $499/monthMulti-location tracking, barcode scanning, multi-user access, advanced reporting, integration with other toolsGrowing businesses, SMEs
Premium$500 - $999/monthFull feature access, custom integrations, unlimited SKUs and transactions, advanced analytics and forecasting, dedicated supportMedium to large businesses
Enterprise$1000+/monthCustomizable features and workflows, API access for custom integrations, personalized onboarding and training, priority support, scalability options for large businessesLarge enterprises

Selecting the right inventory management software plan involves balancing your business's current needs with its future growth.

Consider not only the features and limitations of each plan but also the software's ability to integrate with other tools your business uses.

Key considerations for inventory management software costs:

  1. Number of users: Costs often scale with the number of user licenses required.
  2. Integration capabilities: Ensure the software can integrate seamlessly with your existing systems like accounting and CRM.
  3. Feature set: Higher-priced plans typically offer advanced features like multi-location tracking, detailed analytics, and automated reordering.
  4. Scalability: Choose a solution that can grow with your business to avoid the need for future migrations.
  5. Support and training: Premium and enterprise plans often include dedicated support and training, which can be crucial for smooth implementation and operation.

Understanding these factors will help you choose the most cost-effective and suitable inventory management software for your business needs.

By investing in the right plan, you can streamline your inventory processes, reduce costs, and improve overall efficiency

New & Noteworthy Product Updates

Here are some key product updates for inventory management software products that users and software buyers should be aware of this quarter.

Learn what’s new, if it’s hot—or not, and why each major change matters for ecommerce experts.

ShipStation recent updates

Here are some recent ShipStation update highlights.

  • Split and Combine Shipments Improvements: This update, rolled out in March 2024, changed how orders are split and combined, focusing on maintaining the integrity of order records and reflecting the actual fulfillment processes more accurately. It allows for splitting items within a single order into multiple shipments and combining items from different orders into one shipment​.
  • Quickship Improvements: In March 2024, ShipStation enhanced the Quickship feature, allowing users to customize which confirmation screens and alerts to skip, which aids in speeding up the shipping process while maintaining control over the details that matter most​.
  • Send Rates to Store Checkout (New Feature): Released in March 2024, this feature enables ShipStation users to send shipping rates from their ShipStation accounts to their online store checkouts, allowing customers to view and select shipping options during the checkout process. This integration supports various platforms like Shopify, Magento, BigCommerce, and Wix​.

Verdict: Hot! There are many new changes being made here, each designed to streamline the ordering and shipping processes for ecommerce companies.

ShipBob Recent Updates

Here are some recent ShipBob update highlights.

  • Royal Mail Large Letter Shipping: In February 2024, ShipBob introduced the Royal Mail Large Letter service for shipping from UK fulfillment centers. This service is aimed at subscription brands and others sending smaller parcels, offering a lower-cost shipping option with full tracking and 48-hour delivery across the UK.
  • FDA Registered Warehouses and Logistics: This update is relevant for compliance-focused ecommerce businesses using or considering 3PL services. As of May 2024, ShipBob provided insights on the advantages and requirements of using FDA-registered warehouses and logistics providers.

Verdict: Mixed! Update-wise, there's not much going on here in terms of new and improved features or functionality. However, I'm loving ShipBob's new resource guides for Distributed Order Management, GMROI Guide for Retail Inventory, and Ecommerce Guide to Fill Rate.

Linnworks Recent Updates

Here are some recent Linnworks updates.

  • Enhanced FedEx Shipping Services: Released in March 2024, Linnworks introduced new FedEx shipping services, including FedEx First and FedEx Priority Service, among others. This update aims to simplify and improve shipping options for users in Europe by harmonizing domestic and international services.
  • Amazon Shipping Delivery Note: In March 2024, Linnworks integrated a feature allowing users to send delivery notes to carriers for non-Amazon channel orders using Amazon Shipping. This service is available with specific Amazon Shipping services in the UK.
  • eBay Bulk Listing Tool: Updated in February 2024, this tool facilitates the creation of multiple listings on eBay, enhancing visibility and tracking of eBay listing templates. It is particularly useful for handling large volumes of listings.

Verdict: Hot! It seems like Linnworks is working hard to play well with other titans of ecommerce, including Amazon, eBay, and FedEx. This bodes well for their position in the marketplace.

Cin7 Core Recent Updates

Here are some recent Cin7 Core updates.

  • B2B Portal Enhancements: In February 2024, Cin7 Core introduced new settings in the B2B portal to enable or disable customer delivery preference selections and to hide prices from B2B guest users. This update aims to simplify the checkout process and enhance the customization of the B2B portal experience.
  • Sales and ShipStation Integration Enhancements: This March 2024 update includes a new prohibition on overpayments in sale invoices and introduces new attribute field types for additional attributes in inventory items, suppliers, and customer records. It also allows for setting default carrier, service, and package types for ShipStation, facilitating easier and more consistent shipping operations.
  • QuickBooks Online and Stripe Integration Enhancements: March 2024 enhancements include the ability to pay supplier invoices with Settle, summarization of sales invoices/credit notes into consolidated transactions for QuickBooks Online, and small UI improvements to the Stripe payment workflow. These updates aim to streamline financial transactions and sales invoice management.

Verdict: Mixed! The B2B portal enhancements seem promising, but I'll have to see them in action first. The other updates are pretty mild.

Fishbowl Recent Updates

Here are some recent updates for Fishbowl inventory management software.

  • MySQL 8.0 Support: In February 2024, Fishbowl updated to include improved MySQL support. This update includes support for MySQL 8.0, enhancing database performance and security features for users upgrading from MySQL 5.7.
  • Automated Plugin Updates: In March 2024 Fishbowl updated to include minor plugin changes. Fishbowl now automatically updates plugins when the software is upgraded to the latest version, simplifying the maintenance and ensuring compatibility.
  • Enhanced Installation Process: In, April 2024 Fishbowl updated to include an easier installation process. The installation process has been streamlined to better cater to specific business types and industries, facilitating a more tailored setup.

Verdict: Not! I'm seeing a lot of backend tweaks but not necessarily anything that is revolutionary for the end user.

Inventory Management Software Frequently Asked Questions

Here are some answers to frequently asked questions you may have about inventory management for ecommerce and the tools that support it:

What are some inventory management tactics?

Maintaining a lean inventory approach can be highly effective for ecommerce success. Here are a few common tactics used for inventory management:

  1. Economic Order Quantity (EOQ): A principle to balance having enough inventory to meet demand while avoiding excessive storage costs and stockouts.
  2. ABC Inventory Analysis: Prioritizing products based on importance and investment return, focusing attention and resources on high-priority items.
  3. Backordering: Continuously selling products even when they are out of stock, requiring quick restocking and effective communication with customers.
  4. Just-in-Time (JIT): Ordering inventory shortly before sales to reduce warehouse costs, waste, and upfront spending. This requires reliable suppliers and a deep understanding of sales trends and lead times.
  5. Consignment: Selling stock from a third party without paying until a customer makes a purchase, lowering risk and enabling a diverse product range.
  6. Dropshipping: Operating an ecommerce site without holding inventory, directly selling products from other brands or manufacturers, usually for a fee, to increase product variety with lower risk.

Are there any free inventory management tools?

There are many free inventory management software tools, including Odoo, Zoho Inventory, Boxstorm, and Stockpile. However, in my experience, most free applications only offer limited features and functionality.

Free plans may be useful for testing out basic capabilities and getting a feel for their user interface. However, most business owners soon graduate to paid pro tools that offer the advanced performance needed to run a successful ecommerce store and enhance customer relationships.

Can tools track inventory across multiple warehouses in real-time?

Yes, many advanced inventory management tools offer the capability to track inventory across multiple warehouses in real-time. These systems use cloud-based technology to update inventory levels instantly as sales are made or stock is moved, ensuring that inventory counts are accurate across all locations. This is essential for businesses operating in multiple regions or those that use dropshipping models, as it helps in making informed restocking and distribution decisions.

How do inventory software tools facilitate dropshipping and third-party logistics (3PL) partnerships?

Inventory software facilitates dropshipping and 3PL partnerships by integrating with external logistics providers to automate the order fulfillment process. These tools can send order information directly to dropshippers or 3PL services, track shipping and delivery status, and update inventory levels based on order completions. This seamless integration helps ecommerce businesses manage their supply chain more efficiently, even when they don’t hold the inventory themselves.

Are there any inventory management solutions that specialize in perishable goods?

Yes, there are inventory management solutions that specialize in perishable goods, designed to address the unique challenges of managing items with limited shelf lives.

Examples include Farmsoft and Katana MRP. These solutions often feature batch tracking, expiry date management, and accelerated restocking functions. They help businesses minimize waste, ensure compliance with safety standards, and optimize the supply chain for freshness.

What security features do inventory software offer to protect inventory data?

Inventory software offers various security features to protect inventory data, including encryption, user authentication, role-based access control, and regular backups. These measures ensure that sensitive data is safeguarded against unauthorized access, data breaches, and loss. Maintaining high levels of security is crucial for building trust and ensuring the integrity of inventory management processes.

How can stock management software help reduce dead stock?

Stock management software helps ecommerce businesses avoid dead stock by tracking inventory levels in real time. It also forecasts demand, facilitating informed decisions about inventory purchases. Using inventory management software, you can monitor the performance of all your SKUs. You’ll get a better understanding of which items are selling and which are not. Then you can take steps to increase your sales optimization or phase out potentially dead stock.

Additional Inventory Management Software Reviews

Looking for a more specific type of inventory management software? Check out these other software reviews:

Leave Pen and Paper Behind For Tracking Stock

A well-oiled inventory management process is the key to success for any ecommerce business.

And a trusted software can send smart stock alerts to your mobile device, ensure your inventory data stays secure and up-to-date, and more.

Hopefully you found a suitable solution on my list—or at least the information you need to find a software that suits your business needs!

Ecommerce is a fast-moving world, and you need to stay abreast of developments. To help you stay on top, be sure to sign up for The Ecomm Manager's free newsletter to get the latest news and updates from the world of ecommerce management. 

Sean Flannigan
By Sean Flannigan

Sean is the Senior Editor for The Ecomm Manager. He's spent years getting to know the ecommerce space, from warehouse management and international shipping to web development and ecommerce marketing. A writer at heart (and in actuality), he brings a deep passion for great writing and storytelling to ecommerce topics big and small.