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There are seemingly countless online inventory management software solutions available, so figuring out which is best for you is tough. You want to enable real-time access to inventory data from anywhere, facilitating better stock control, order management, and demand forecasting—but now need to figure out which tool is the best fit. I've got you! In this post, I make things simple, leveraging my experience as an ecommerce specialist using dozens of different inventory management tools to bring you this shortlist of the best online inventory management software overall.

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Best Online Inventory Management Software Reviews

Here are my top 10 choices for the best online inventory management software, each with a detailed write-up highlighting key features, best use cases, pros/cons, and pricing information where available. I will include the remainder of my list below, so keep reading if you don’t find what you need here!

1

Linnworks

Best with automation tools and stock forecasting

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.4
72 reviews

Free demo available

From $449 /month (volume-based pricing)

Linnworks is an online inventory management software. It also has automation tools to support your order fulfillment process, and multichannel listing capabilities.

Why I Picked Linnworks: The inventory management features include purchase order and warehouse workflow automation capabilities. It also offers predictive insights and stock forecasting to help you plan ahead and manage your supply chain needs. You can also track your inventory performance, to understand selling patterns and spot opportunities for promotions or product adjustments.

You can also use this software to manage your orders across multiple selling platforms, including Amazon, Magento, eBay, and Shopify. It can facilitate price synchronization as well as bulk listing and updates, so you can create consistency in how items are listed across your channels.

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

  • Multi-channel support on more than 70 channels
  • Multilingual support
  • Highly scalable

Cons

  • No free trial
  • No transparent pricing
2

SkuVault

Best for managing inventory across multiple warehouse locations

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
3.9
16 reviews

Free demo available

From $359/month

SkuVault is an inventory and supply chain management software with cataloging and order fulfillment tools to help you streamline your various business operations. You can use it to keep track your inventory levels at multiple warehouse locations, and accomplish other tasks like picking, inventory transfers, and stock reporting.

Why I Picked SkuVault: The barcode scanning tool will automatically update the stock levels reported in your system in real-time, ensuring accuracy. Automation features are also available in the software, and can be used to streamline your processes and speed up your order fulfillment.

You can set quantity buffers on your listed items to avoid over-selling, and also create a sense of urgency for shoppers. Customizable cataloging features like kitting, bundling, and listing assembled products are all included for more dynamic selling options.

SkuVault Standout Features & Integrations

Features include barcode scanning, real-time data syncs, cycle counting, inventory pick lists, inventory forecasting, unlimited sales channels, unlimited SKUs, advanced analytics and reporting tools, and inventory management reports.

Integrations include Amazon, Easyship, eBay, Etsy, Lightspeed, Marketo, Shopify, WooCommerce, BigCommerce, Magento, Microsoft Dynamics, NetSuite, QuickBooks, Salesforce, ShipWorks, Square, and many others.

Pros

  • Customizable cataloging options
  • Personalized onboarding with all plans
  • Relatively friendly user interface

Cons

  • Additional training comes at an added cost
  • Lacking overall customizability
3

Helcim

Best for small business inventory + POS in one

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.4
13 reviews

Free account available

From 0.50% + $0.25 per transaction

Helcim is a payment processing platform designed to support small and medium businesses with affordable credit card transaction solutions both in-person and online. Its transparent pricing model, which includes Interchange Plus pricing and no monthly fees or contracts, positions Helcim as a cost-effective choice for small businesses looking to manage their payment processing efficiently.

Why I Picked Helcim: I chose Helcim for online inventory management software because of its commitment to affordability and transparency, which is crucial for small businesses looking to manage costs effectively. What makes Helcim different is its Interchange Plus pricing model, which can lead to significant savings for merchants by offering lower transaction fees.

Helcim enables businesses to maintain consistent inventory levels across various sales channels, including online stores, physical storefronts, and mobile sales. This automatic syncing feature is particularly useful for businesses that operate in multiple venues or platforms, ensuring that all channels reflect accurate and up-to-date inventory information.

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

  • 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
4

MRPeasy

Best for small manufacturers' efficiency

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.3
7 reviews

30-day free trial

From $49/user/month

MRPeasy is a cloud-based MRP (Manufacturing Resource Planning) software that caters specifically to the needs of small manufacturers, aiming to provide them with a comprehensive solution for production planning, inventory management, sales, and procurement.

Why I picked MRPeasy: I chose MRPeasy as an online inventory management software after evaluating its comprehensive features that cater specifically to the needs of small manufacturers. Its ability to provide real-time inventory overview and accurate production planning, coupled with the prevention of stock-outs and automation of inventory transactions, makes it a standout choice. I believe MRPeasy is best for small manufacturers' efficiency due to its clear visibility of business performance and the resources it offers to manage inventory effectively.

MRPeasy Standout Features & Integrations

Features worth noting include an automated replenishment system, which monitors stock levels in real-time so that companies won't run out of products or end up with excess inventory. Users can see which items are running low or are sold out so they can take immediate action if needed. You can set up automatic notifications when certain stock levels are reached, so they never miss an important inventory update.

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

Pros

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

Cons

  • Lacks some specific features
  • Customer support is not accessible by phone
5

Finale Inventory

Best for multichannel inventory with high volume

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.7
30 reviews

14-day free trial available

From $75/month

The Finale Inventory management features cloud-based functionality that’s designed for the entire team to use and can scale to the demands of a growing business. Their tools offer full visibility of your inventory with forecasting, reordering, work orders, inbound receipt, and return management.

Why I Picked Finale Inventory: Finale Inventory pushes the benefits of their cloud-based system as the primary reason to choose them as your inventory management software. Some benefits of cloud management include convenience, data integrity, scalability, low maintenance, and low operating costs.

Because Finale Inventory is built to scale, it offers features that can support businesses of any size, including startups and enterprise-level companies. With its cloud-based architecture, Finale Inventory offers more flexibility to fulfill online orders, manufacturing orders, and other customers needs.

Finale Inventory Standout Features and Integrations

Features include POS system hardware, mobile device compatibility, automated notifications, low stock alerts, SKU tracking, return management, stock auditing, order picking, bundles and kitting, and QR code label printing.

Integrations include Adobe Commerce, Amazon, BigCommerce, eBay, Google Drive, Lightspeed Rail, ShipStation, Shopify, QuickBooks, and WooCommerce. Finale Inventory offers over 40 integrations.

Pros

  • Excellent onboarding support
  • Approachable system
  • Very customizable platform

Cons

  • Limited accounting integrations
  • Manually synced scans
6

Fishbowl

Best for a flexible ERP software solution with more visibility

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4
221 reviews

Free demo available

Pricing upon request

As a complete manufacturing and inventory management software, Fishbowl is designed to automate many manufacturing and inventory processes with order and work planning tools, real-time insights and data collection, strategic automation, and scanning and barcoding capabilities

Why I Picked Fishbowl : Fishbowl is considered one of the best inventory management software options because it offers full visibility into warehouse and manufacturing workflows with accurate inventory counts, real-time asset tracking, multi-location transparency, and part, partial, and complete assembly tracing.

Fishbowl supports medium and large business operations in a variety of industries, including consumer goods, food and beverage, materials, healthcare, services, technology and parts. They offer customized quotes based on your business size, industry, and inventory needs so you only pay for the tools you actually use.

Fishbowl Standout Features and Integrations

Features include inventory tracking, multi-location management, part tracking, auto purchasing, vendor management, pick and pack, kitting, order fulfillment, payment processing, and order management. Fishbowl also provides training and support.

Integrations include Amazon, Authorize.Net, BigCommerce, ConverSight, DHL, eBay, FedEx, HubSpot, Xero, and Zoho CRM.

Pros

  • Remote access for any location
  • Easy to learn the system
  • Live chat support

Cons

  • Steep price point for small businesses
  • Must set up individual access for each user
7

Infoplus

Best warehouse solution designed by warehouse people

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.4
16 reviews

Free demo

Pricing upon request

The Infoplus online inventory system software is a cloud-based tool that focuses on warehouse management solutions with tools to track and control customers, vendors, orders, stock, shipping, and alerts. 

Why I Picked Infoplus: The reason Infoplus is on this list of the best inventory management software is due to their warehouse planning tools. Using this feature, you can optimize your warehousing layout, visualize the layout with a blueprint, and implement WMS dependent on your needs. You can section the warehouse based on different clients, dropshipping needs, or product order frequency.

Infoplus is a system designed to support small and medium-sized businesses with B2C and B2B solutions. They specialize in working with wholesale, ecommerce retail, and third party logistics (3PL).

Infoplus Standout Features and Integrations

Features include growth and automation, omni-channel support, order management, quality control, warehouse planning, warehouse monitoring and metrics, EDI and big-box retail solutions, API, and apps for iOS and Android devices. Add-on modules include 3PL billing, OpsPath AI assistant, light manufacturing, and world connect.

Integrations include Adobe Commerce, BigCommerce, Ecwid, eHub, PayPal, ShipStation, Shopify, SquareSpace, QuickBooks Online, and WooCommerce. Infoplus has a shopping cart, shipping carrier, and API integration options.

Pros

  • Intuitive navigation
  • Great customer support
  • Reliable and flexible

Cons

  • Can take several weeks to set up
  • Limited search filters for inventory reports
8

Advancepro

Best for businesses that have outgrown Excel and QuickBooks

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
3.8
4 reviews

Free demo available

From $85/user/month

Built by business operations experts, AdvancePro is a full-scale inventory management system that can accommodate warehousing and sales needs through advanced business intelligence, connected processes, and single-point-of-entry efficiency.

Why I Picked AdvancePro: One of the reasons I chose this online inventory management software is because of the AdvancePro point of sale system. This POS system can interface with the entire suite of AdvancePro tools, including those for warehouse, inventory, manufacturing, and order management. 

This inventory management software is designed for small and medium businesses that have B2B, B2C, and sales rep needs across a variety of industries. They say their software shines best among the world of multiples, where businesses must conduct operations in multiple formats, media, and locations — or with multiple partners.

AdvancePro Standout Features and Integrations

Features include inventory and product management, automation, order fulfillment, customer relationship management, warehouse and purchasing management, web services, reports and analytics, point of sale, mobile app, and pricing management.

Integrations include Adobe Commerce, Amazon, Carbonite, ES Tech Group, Paragon Payment Solutions, Shopify, QuickBooks Online, USPS, WooCommerce, and Zapier.

Pros

  • Easy to learn and use
  • Broad keyword capability for searches
  • Combines multiple softwares in one

Cons

  • Interface is not as intuitive
  • Mobile version isn’t as flexible as desktop
9

Cyberstockroom

Best for detailed activity history to track stock levels

14-day free trial available

Pricing upon request

An online inventory and asset management solution for businesses with demanding warehousing needs, CyberStockroom takes a map-based approach to inventory management that’s meant to be more engaging and easier to use.

Why I Picked CyberStockroom: With a virtual map of their business, users can organize their locations and sublocations to populate it with their products through a simple drag-and-drop interface. The virtual maps show how each product gets distributed across multiple locations, visualizing data to track inventory inflow and outflow.

CyberStockroom is designed for medium and large businesses with high volume stock needs. They specialize in healthcare providers with inventory management support for hospitals, ambulances, medical devices, and PPE. They also offer small business inventory management for ecommerce platforms and physical marketplace locations.

CyberStockroom Standout Features and Integrations

Features include IT asset tracking, barcoding, importing from files, drag and drop building, product images, loss and theft prevention, and cost tracking.

Integrations include Lansweeper.

Pros

  • Simplified stock tracking for remote offices
  • Web-based version accessible from any device
  • Easy GUI inventory system

Cons

  • Initial item setup takes time
  • More expensive plan
10

Kechie

Best for adaptable enterprise resource planning

Free demo available

Pricing upon request

Kechie is an ERP software that utilizes a proprietary database to manage the core functionality of all your business needs. With information available in real-time, businesses can make strategic decisions based on the most up-to-date data. Kechie offers browser-based accessibility for use on any device.

Why I Picked Kechie: As an ERP software, Kechie focuses on integrating all your data across every business tool, including inventory management, finance, CRM, VMI, RMA, and order management. With automated syncing, customizable fields, and detailed record history, this software can adapt to your business as it grows.

Kechie is designed to support small, medium, and large businesses across a variety of industries, including distribution, manufacturing, nonprofit, food services, cannabis, and healthcare.

Kechie Standout Features and Integrations

Features include scanner and barcode friendly tools, min/max inventory method, lot tracking, audit trail with full traceability, serialization, product category and grouping, cost analysis, FIFO/LIFO and average stock valuation, bin location control, and real-time visibility. 

Integrations include Amazon EC2, Authorize.Net, Avalara, CardConnect, Salesforce Sales Cloud, ShipStation, Shopify, SPS Commerce, TaxJar, and QuickBooks Online Accountant.

Pros

  • User-friendly software
  • Personal onboarding specialist
  • Feature-rich program

Cons

  • Engineers may need to create reports
  • Can cause workflow disruptions

Other Online Inventory Management Software

Here are a few more worthwhile options that didn’t make the best online inventory management software list:

  1. Flowtrac

    Best for transitioning from pen and paper to digital software

  2. eTurns

    Best for automating your inventory replenishment

  3. Clearly Inventory

    Best for online asset tracking from anywhere

  4. SKULabs

    Best for syncing multichannel inventory

  5. NetSuite

    Best all-in-one business management solution

  6. QuickBase

    Best for removing fragmentation from your workflow

  7. Brightpearl

    Best ecommerce inventory management platform for integration with other third-party software.

  8. Agiliron

    Best multichannel inventory management for retail operations

  9. TrackVia

    Best for automating inventory processes with low-code development

  10. QuickBooks Desktop Enterprise

    Best for QuickBooks-focused, all-in-one management

Selection Criteria for Online Inventory Management Software

It seems like I’ve got all the answers, but you might be wondering how I got them. When I started working on this list, I had a massive selection of online inventory management software to sort through, so I looked for those with the highest user ratings. I then evaluated these using the selection criteria below, which allowed me to cohesively compare the options to one another.

Finally, I utilized my years of ecommerce experience to pinpoint those features that added the most value, narrowing down my list to these top 10 options. See the selection criteria below for more details. Here’s a short summary of the main selection and evaluation criteria I used to develop my list of for this article:

Usability

Even if you already have a variety of web-based or cloud tools to ensure you’re running an efficient business, you want any software you choose to be as accessible and easy to learn as possible. If you’re just now transitioning to digital tools, it’s even more important that you and your team can learn to use the software essentials as quickly as possible with minimal training.

Software Integrations 

Your online inventory management software can do a lot, but it can’t do everything. Since you need to be using other tools for a holistic view of your business, your inventory management software must integrate with other digital tools to share essential data, like accounting, customer support, and marketing.

Key Features

Online inventory management software offers a range of features designed to streamline and optimize the process of managing inventory for businesses. Here are some key features commonly found in such software:

  1. Real-Time Inventory Tracking: This feature allows businesses to monitor their inventory levels in real-time, ensuring they have accurate and up-to-date information about stock levels, which is crucial for making informed decisions.
  2. Automated Reordering: The software can automatically reorder products when they reach a certain threshold. This helps in maintaining optimal stock levels and prevents overstocking or stockouts.
  3. Barcode Scanning: Integration with barcode scanning simplifies the process of tracking and managing inventory. It allows for quick updates and reduces the chances of human error.
  4. Multi-Location Management: For businesses with inventory in multiple locations, this feature enables them to manage all their inventory from a single platform, providing a consolidated view of stock across different warehouses or stores.
  5. Reporting and Analytics: Advanced reporting tools provide insights into inventory trends, sales patterns, and customer preferences. This data is crucial for strategic planning and forecasting.
  6. Integration with Other Systems: The ability to integrate with other business systems, such as accounting software, e-commerce platforms, and CRM systems, ensures seamless data flow and improves overall operational efficiency.
  7. Cloud-Based Access: Being cloud-based, these systems can be accessed from anywhere, offering flexibility and convenience for remote management.
  8. Supplier Management: This feature helps in managing relationships with suppliers, including tracking supplier performance, managing purchase orders, and maintaining supplier databases.
  9. Batch and Expiry Tracking: Particularly important for businesses dealing with perishable goods or items with expiration dates, this feature helps in tracking products by batches and their expiration dates to ensure quality control.
  10. Customization and Scalability: The ability to customize the software according to specific business needs and scale it as the business grows is a significant advantage.
  11. Inventory Alerts: Notifications or alerts for low stock levels, expiring items, or other important inventory-related events help in proactive management.
  12. Returns Management: Efficient handling of returns, including restocking of returned items and managing refunds or replacements, is facilitated by this feature.

What is Online Inventory Management Software?

Online inventory management software is a web-based tool that allows businesses to track and manage their inventory levels, orders, and sales over the internet. It provides real-time access to inventory data, enabling efficient stock control and order processing from any location. This software automates key inventory tasks, supports data analysis for accurate forecasting, and integrates with other business systems.

The purpose is to help businesses streamline their inventory operations, reduce errors, and enhance decision-making, making it a valuable asset for companies with distributed teams or multiple sales channels.

To pick software that speaks to the needs of your business and customers, it's important to take a look around at ecommerce industry trends. Why? This is a great way to ensure you are getting the most out of the tools you are sinking money into, which can help keep you competitive in a crowded online marketplace. Here are some inventory management and ecommerce trends worth considering as you decide what online inventory management software to invest in:

Rising rental rates means less space

With property ownership and rental rates through the roof, many companies are finding themselves needing to do more with less. Your warehouse may be smaller than you would like, so you have to ensure your inventory management is tailored to a tighter space. A report from April 2022 noted that 70% of American manufacturers now use just-in-time inventory management. This means making smaller orders for product stock more frequently. It reduces overhead costs by making sure you aren't purchasing and storing idle stock.

Many, smaller warehouses > one big one

Thanks to Amazon, customers expect instant delivery (think: 2 days or less) now more than ever. One way to accommodate this is to spread your stock out in smaller batches across several different warehouses. This ensures you can pick from the warehouse nearest each customer when getting ready to ship. This can save critical time when it comes to getting products to your customers properly.

Pro tip: If you are considering this strategy, look for online inventory management software that accommodates multiple warehouses. Not all of them do!

Artificial intelligence for inventory forecasting

"AI this and AI that"—you're probably sick of hearing about artificial intelligence at this point! But what if I told you that AI can result in a 35% to 65% improvement in inventory management for companies that implement it? AI can dive into huge amounts of data and pull insights out of it around forecasting, planning, and control issues. It may be able to identify a sales trend that human comprehension would have glossed over. AI is also being put to work in the form of "warehouse worker" robots that sort, pick, and pack products. Even if you're not using AI yet, it's a trend you have to keep a close eye on. 

Social commerce is on the rise

Can your inventory software connect with direct selling tools on social media? More and more, customers are using social commerce platforms like Facebook Shops, Instagram Shops, Pinterest Product Pins (formerly Buyable Pins), and Snapchat Brand Profiles to make an instant online purchase. Why? Because it's so darn convenient! You see something you like on Pinterest and then click the image to jump right to the product store—sometimes right into a check out page. Influencer Marketing Hub reports that the value of social commerce sales in 2022 was estimated to be upward of $958 billion with a YoY growth rate of 30.8%. Consider buying inventory software that integrates with social commerce platforms now to futureproof your business.

Frequently Asked Questions

Wondering what else you need to know about online inventory management software? Here are a few of the most frequently asked questions for your convenience.

What is online inventory management software?

Online inventory management software helps you do what you’re probably already doing on paper, but online. Whether it’s cloud-based or web-based, online inventory management will provide you with digitized, systematic, and logical processes to control stock flow and track customer habits and behaviors.

How much does online inventory management software cost?

The cost can range from $150 to over $1 million per year, depending on the system’s robustness, integration opportunities, and the chosen software tier.

On average, inventory management systems cost around USD $175 per user license, per month. This estimate is based on a comparison of over 70 brands.

Online inventory management software or on-premise inventory management software?

Online inventory management software and on-premise inventory management software each have their own set of advantages and disadvantages. Understanding these can help businesses decide which type of system best suits their needs.

Online Inventory Management Software

Pros:

  1. Accessibility: Being cloud-based, it can be accessed from anywhere with an internet connection, offering flexibility for remote management.
  2. Lower Initial Costs: Typically, online software has lower upfront costs since it often operates on a subscription model and doesn’t require extensive hardware installations.
  3. Automatic Updates: The software is regularly updated by the provider, ensuring that you always have the latest features and security updates without additional costs.
  4. Scalability: Easily scalable to accommodate business growth or changes in inventory levels without significant additional investments.
  5. Disaster Recovery: Data is stored in the cloud, providing better security in case of local disasters or hardware failures.
  6. Integration: Often designed to easily integrate with other online business tools and systems.

Cons:

  1. Ongoing Costs: Subscription fees can add up over time, potentially making it more expensive in the long run.
  2. Dependence on Internet: Requires a reliable internet connection for access, which can be a limitation in areas with poor connectivity.
  3. Data Security Concerns: Storing data on external servers raises concerns about data privacy and security, although reputable providers often have robust security measures.
  4. Limited Customization: May offer less customization compared to on-premise solutions, as they are typically designed for a wide range of users.

On-Premise Inventory Management Software

Pros:

  1. Control Over Data: Data is stored on local servers, giving businesses full control over their data and security.
  2. Customization: Can be highly customized to meet the specific needs of a business.
  3. One-Time Investment: Involves a significant initial investment but can be more cost-effective in the long run without ongoing subscription fees.
  4. Performance: Can offer better performance in terms of speed and reliability, as it doesn’t depend on internet connectivity.

Cons:

  1. High Initial Costs: Requires a substantial upfront investment in hardware, software, and implementation.
  2. Maintenance and Upgrades: The business is responsible for maintaining, updating, and securing the system, which can be resource-intensive.
  3. Limited Accessibility: Typically can only be accessed from specific locations, limiting remote management capabilities.
  4. Scalability Issues: Scaling up may require additional hardware and software purchases, as well as downtime for installation and configuration.
  5. Vulnerability to Local Disasters: Susceptible to data loss due to local disasters, hardware failures, or other onsite issues unless a robust backup system is in place.

What are the benefits of online inventory management software?

If you’re wondering whether online inventory management software is actually worth it, there are a ton of benefits you’ll enjoy by enhancing your processes, including:

  • Less manual data input and tracking
  • Increased productivity
  • More accurate inventory counts
  • Easier scalability as your business grows
  • Optimization tools to spot aged stock
  • Simpler monitoring for multiple warehouses
  • Predictive analytics based on purchase history
  • Better customer service

Do these benefits sound like they can improve your business? Learn more when you check out Inventory Management Software Features and Key Benefits for all the details.

How to maximize the ROI of online inventory management software?

Maximizing the return on investment (ROI) of online inventory management software involves leveraging its features effectively and aligning its use with your business processes. Here are some tips to help you get the most out of your investment:

  1. Thorough Training and Adoption: Ensure that your team is well-trained on how to use the software. Proper understanding and usage are key to leveraging its full potential. Encourage adoption across all relevant departments.
  2. Integrate with Other Systems: Maximize efficiency by integrating the inventory management system with other business systems such as accounting software, CRM, and e-commerce platforms. This reduces manual data entry, minimizes errors, and provides a more holistic view of your business operations.
  3. Utilize Data Analytics and Reporting: Use the software’s analytics and reporting tools to gain insights into inventory trends, sales patterns, and customer demands. This can help in making informed decisions about stock levels, pricing strategies, and potential areas for cost reduction.
  4. Regularly Review and Optimize Inventory Levels: Use the software to maintain optimal inventory levels – not too high to incur unnecessary carrying costs, and not too low to risk stockouts. Regularly review and adjust these levels based on current business trends and forecasts.
  5. Automate Reordering Processes: Set up automatic reordering for your most important items to save time and avoid the risk of running out of stock. This also helps in maintaining consistent inventory levels.
  6. Manage Supplier Relationships Effectively: Use the software to track supplier performance and negotiate better terms based on your order history and volume. Efficient supplier management can lead to cost savings and improved supply chain reliability.
  7. Leverage Cloud-Based Accessibility: Take advantage of the cloud-based nature of the software for remote inventory management. This can improve the responsiveness and flexibility of your inventory management practices.
  8. Regularly Update and Maintain the System: Keep the software updated to ensure you have the latest features and security enhancements. Regular maintenance can prevent potential issues and downtime.
  9. Customize According to Business Needs: Tailor the software settings and features to fit your specific business requirements. Customization can lead to more efficient use of the software, aligning it closely with your business processes.
  10. Monitor and Reduce Waste and Shrinkage: Use the software to track inventory levels and movements closely to identify areas of waste or shrinkage, and take corrective actions.
  11. Evaluate and Adjust Strategies Based on Performance Metrics: Regularly review the performance metrics provided by the software to evaluate the effectiveness of your inventory strategies and make necessary adjustments.
  12. Engage in Continuous Improvement: Continuously look for ways to improve your inventory management processes using the insights and tools provided by the software.

By following these tips, you can enhance the efficiency of your inventory management, make better-informed decisions, reduce costs, and ultimately improve the ROI of your online inventory management software.

Additional Inventory Software Reviews

I've reviews other lists of similar inventory management software, with many focusing on a specifc feature or niche. These additional resources can be helpful if you haven't found the exact right pick for your needs yet.

Making Your Choice

This list of the best online inventory management software should set you on the right path to finding the tools your business needs to succeed.

For anyone who wants the latest advice from the top thinkers in inventory management and online business tools, The ECM has a newsletter to keep you up to date. Sign up now to get more top 10 lists, business guides, and tool tutorials.

By Francois Marchand

Francois Marchand is The Ecomm Manager's content strategist and editor. He is passionate about helping and educating business leaders, ecommerce professionals, and digital marketers grow their skill sets to stay ahead of the competition. Francois holds a BA Specialization in Communication Studies & Journalism from Concordia University (Montreal, QC) and 20+ years of experience in ecommerce, marketing, traditional and digital media, and public relations, including The Vancouver Sun, National Post, CBC/Radio-Canada, Unbounce, and Vancouver Film School. He also hosts The Ecomm Manager Podcast, discussing ecommerce best practices, customer experience, branding, inventory management, shipping and delivery, and analytics with expert guests.