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10 Best Retail Inventory Management Software In 2023

Best Retail Inventory Management Software Shortlist

Here’s the shortlist of the best tools that I’ll cover in this article.

  1. 1. SkuVault — Best for creating unique SKUs to keep track of your inventory
  2. 2. UpKeep — Best for asset operations management for increased reliability and maintenance
  3. 3. Zoho Inventory — Best for comprehensive business management
  4. 4. Veeqo — Best for efficient automated shipping
  5. 5. MicroBiz Cloud — Best for a wide selection of free launch services
  6. 6. Cin7 Omni — Best for connecting all sales channels in one place
  7. 7. Unleashed — Best for full inventory visibility and control
  8. 8. Intuendi — Best for reducing forecasting errors with inventory optimization
  9. 9. SKULabs — Best for multi-channel order management in one place
  10. 10. Lightspeed Retail — Best for integrated POS and inventory management systems

In recent years, there’s been a shift in the consumer mentality. While plenty of people are still shopping online, over 30% of consumers say they also want an in-person retail experience with a local store. No matter where they shop, they’re expecting a more connected experience. To keep up with demand, retail inventory management software may become your new best friend.

While this shift may have something to do with the recent pandemic, it’s more likely that people are searching for convenient omnichannel shopping that requires business owners to expand and enhance their retail inventory management. Read on to learn more about what type of software will help you keep track of everything your business needs to stock and how it can benefit your business.

What is Retail Inventory Management Software?

Inventory management is all about ensuring you have enough inventory to meet customer demand. So how is retail inventory management software supposed to help? These software options track available inventory so you can order new stock as soon as you need it and streamline your ordering process to automatically restock before you run out.

Inventory management software can also provide insights on the most popular items, least popular items, and seasonality of certain products. It can even include organizational features that help you assign categories or departments. There is inventory management software focused on physical stores, as well as tools for ecommerce businesses.

Here, I’ll be breaking down a broad range of retail inventory management software to cover all the bases, including those for online-based businesses, brick-and-mortar stores, and hybrid organizations that offer both.

How I Selected the Best Retail Inventory Management Software

Are you wondering how I put together this list of the best retail inventory management software? To build this top 10 selection, I compared a massive range of retail inventory management software — focusing on those with the highest user ratings.

Once I narrowed down the list to the software options that have the most positive reviews, I honed it even further using specialized selection criteria to discover how each platform stacked up against the others. I also drew on years of ecommerce experience to ensure every platform has the right features to add a lot of value.

In addition to an overview of the best retail inventory management software, I’ve also included a general questions section to help you learn more about the importance of inventory management software and what it can do for you. Take a look at these frequently asked questions at the bottom before reviewing the detailed product summaries.

Selection Criteria

Here’s a short summary of the main selection and evaluation criteria I used to develop my list of the best retail inventory management software for this article:

Usability

Whether you already use a variety of web- or cloud-based tools to help run your business or you’re just transitioning to online platforms now, any software you choose should be simple and easy to use with a low barrier for entry. I tried to choose intuitive retail inventory management software that requires minimal training and onboarding.

Standout Features

There are several key features for every type of retail inventory management software, including POS capabilities, customer service management, reporting and analytics, online shopping carts, and payment processors. These peripheral tools may not help you manage inventory but they’re essential to tracking purchase orders and consumer behavior.

Software Integrations 

While retail inventory management software can do a lot, most of these platforms aren’t designed for comprehensive business management. So whether you need to connect to social media, a third-party CRM, or anything else to run your organization, you’ll want a retail management platform with flexible API options.

Pricing

Each business has a different budget for retail inventory management software, but everyone is looking for those same basic tools to add the most value to the platform. I’ve explored software options at a range of prices to ensure there’s an ideal option for SMBs and enterprise-level organizations.

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Overviews Of The 10 Best Retail Inventory Management Software

You can use the simple overviews of each tool below to understand how it stands out from other retail inventory management software.

1

SkuVault

Best for creating unique SKUs to keep track of your inventory

SkuVault is a cloud-based software that allows retailers and ecommerce businesses to manage their inventory across multiple sales channels, all from one central location. Users can easily monitor their products and streamline their order management process. They can receive alerts when stock levels reach a certain threshold, which can help prevent stockouts or overstocking.

The software allows users to set reorder points, generate purchase orders, and transfer products between locations. It offers real-time stock adjustments, meaning any changes made in sales channels are automatically updated in the system. It also offers integrations with popular marketplaces such as Amazon, eBay, and Walmart and ecommerce platforms like Shopify and WooCommerce.

SkuVault supports barcode scanning, which makes inventory management more efficient and accurate. Users can scan barcodes to add or remove items from their inventory and perform inventory counts. This feature eliminates human error and saves time, enabling retailers to focus on other business activities. Its advanced inventory tracking capabilities allow retailers to track individual units and assign unique SKUs to each product, making it easier to track their inventory levels. Users can then follow a product's movement from the warehouse to the point of sale.

Its comprehensive order management features allow companies to fulfill orders more efficiently. Merchants can print packing slips, update order statuses, and handle returns. SkuVault has robust reporting features that allow users to track their inventory and sales performance, which helps them gain insight into their business performance. The platform offers forecasting tools to help businesses predict demand and plan accordingly, further enhancing their ability to anticipate customer needs.


This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4 12

Free demo available

From $359/month

2

UpKeep

Best for asset operations management for increased reliability and maintenance

While many of the previous applications on this list focus on retail businesses, UpKeep offers solutions for maintenance, operations, and reliability teams. Their features include key tools like work order management, asset management, preventative maintenance, and safety and compliance to keep projects running smoothly.

UpKeep ensures streamlined asset operations management that reduces equipment concerns and downtime, as well as extending your equipment lifetime. Their AOM tools unite all aspects of maintenance and operations to ensure comprehensive visibility to provide better data for every project-critical decision.

Whether you need operations, maintenance, or reliability support, UpKeep can provide targeted solutions for businesses of every shape and size, including food and beverage manufacturing, energy and utilities, facility management, property management, restaurants, hospitality, and healthcare.

UpKeep Standout Features and Integrations

Features include work order management, asset management, parts and inventory, preventative maintenance, safety and compliance, analytics and reporting, barcoding, supply chain management, real-time sync, retail inventory management, and serial number tracking.

Integrations include Microsoft Excel, Slack, Microsoft Teams, Zapier, Zendesk, Procore, Tableau, Xero, Microsoft Azure, and Motive.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.5 634

7-day free trial available

From $45/user/month

Pros

  • Easy asset maintenance
  • Comprehensive dashboard
  • Very user-friendly

Cons

  • App is easier to use than PC version
  • Doesn’t have automation for service updates
3

Zoho Inventory

Best for comprehensive business management

As a cloud-based inventory management software, Zoho Inventory provides businesses with everything they need to manage sales and purchase orders, track inventory, and integrate this tool with other essentials for streamlined business management.

In addition to integrations with online sales channels, inventory control, warehouse management, and viewing invoices, Zoho has also partnered with international carriers so you can provide an efficient delivery experience to customers around the globe.

The Zoho platform can handle businesses of every size, with options for businesses that need to fulfill less than 50 orders a month, as well as solutions for businesses with over 25,000 orders in a single month. Their software is ideal for anyone with a heavy focus on ecommerce and online sales.

Zoho Inventory Standout Features and Integrations

Features include order management, warehouse management, inventory management and tracking, inventory control, order fulfillment, inventory reports, order templates, a mobile app, SKU generator, a reorder point calculator, a barcode generator, and a packing slip generator.

Integrations include Shopify, AfterShip, USPS, Amazon Services, Canada Post, Bond, eBay, Etsy, Google Shopping, and Mailchimp.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.3 70

14-day free trial + free plan available

From $79/month.

Pros

  • Nearly endless list of integrations
  • Meets everyday needs and long-term goals
  • All-in-one business management

Cons

  • Reporting data is too basic
  • Must buy integrations separately
4

Veeqo

Best for efficient automated shipping

Any retailer or ecommerce shop that needs to do a lot of shipping can benefit from Veeqo for inventory management and fulfillment. With automatic rate selection, faster bulk shipping, and automated shipping rules, you can ship faster, while real-time stock updates, mobile scanning, and forecasting tracks and organizes your inventory.

One of Veeqo’s most powerful tools is the inventory sync that works with every sales channel you have. Whether it’s eBay or Amazon, you’ll always know what you have, what’s low stock, and what’s in danger of overselling. Veeqo also offers a unique bundling tool that links individual items into one kit without any additional effort!

Veeqo is a good choice for small businesses and single-person operations that are striving to cut down on costs. This retail and fulfillment software is completely free because they make their money off shipping partners instead of your business.

Veeqo Standout Features and Integrations

Features include low stock alerts, overselling alerts, data sync, multi-store management, inventory control, 3PL management, air shipping, backorder management, cost tracking, label printing, order fulfillment, real-time monitoring, and label making.

Integrations include Amazon, Etsy, Shopify, WooCommerce, BigCommerce, USPS, Fedex, DHL, UPS, and Walmart.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.4 17

14-day free trial available

Plans start at $195/2 users/month

Pros

  • User-friendly platform
  • Small-business focused
  • Completely free

Cons

  • Time-consuming front end setup
  • Only for inventory and fulfillment
5

MicroBiz Cloud

Best for a wide selection of free launch services

One of the best POS and retail inventory management solutions for multi-store retailers, MicroBiz streamlines workflows through automating manual tasks like sales, customer orders, inventory management, shipping and receiving, store management, customer service, and credit account management.

Their inventory management automation helps support your business through real-time updates, tracking, and reordering at multiple locations. You can manage matrix products with custom variants, attach serial numbers when receiving items, update stock level through import, and track inventory at any location.

MicroBiz is designed to support smaller operations — it’s in the name! They’re affordable and offer free launch services and training to ensure every independent retailer has access to tools that will improve their operations.

MicroBiz Cloud Standout Features and Integrations

Features include barcode scanning, POS hardware, order management, work orders, CRM tools, credit accounts, product catalog, serial numbers, ordering automation, sales reports, returns management, reporting and analytics, inventory optimization, and customer history.

Integrations include QuickBooks Online, WooCommerce, and Adobe Commerce.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.6 26

30-day free trial available

Plans start at $995/user

Pros

  • Visualization options for any task
  • Simple data import solutions
  • Great for bundling POS and inventory needs

Cons

  • No iPhone app
  • No invoice customization
6

Cin7 Omni

Best for connecting all sales channels in one place

When you need an automated inventory management platform to grow your revenue to over a million dollars, Cin7 provides solutions with synchronized stock and sales across every one of your sales channels, automated order processing, and configurable inventory management.

No matter where you sell your products, this multi-channel inventory system can help you keep track of it all. Connect everything when you turn on the sales channels and lower operating costs by automating inventory adjustment, email notifications, tracking batch orders, and purchase to order creation.

While Cin7 may not be the right tool for asset management or rental type businesses, any organizations that sell or distribute physical products can use this retail inventory management software to keep costs down. This tool is best for medium, large, and enterprise-level organizations.

Cin7 Omni Standout Features and Integrations

Features include real-time inventory updates, stock management, ecommerce platform integrations, built-in EDI, 3PLS, B2B ecommerce, point of sale, payment portal, and production management.

Integrations include Google Drive, Microsoft Excel, PayPal, Mailchimp, Salesforce, Shopify, Stripe, QuickBooks, Xero, and WooCommerce.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
3.9 54

Free demo available

Plans start at $399/month

Pros

  • Great support team
  • Comprehensive business management solutions
  • Very easy to learn and use

Cons

  • No customizable branding
  • Costly add ons
7

Unleashed

Best for full inventory visibility and control

If you’re looking for an intuitive tool with cloud-based inventory management, Unleashed delivers accurate data to drive business operations in real-time. With their inventory control and reporting features, you can handle everything from purchasing and production to flexible, manageable workflows.

One standout tool in the Unleashed arsenal is the Perpetual Inventory Control Report. Looking at this spreadsheet-style visualization, you can get a handle on the cost of your products that’s more reliable than tracking the costs of goods sold. Maintain more visibility with store inventory and stock counts and get a better view of product margins and profit.

Unleashed is a useful software for medium-sized businesses and emerging enterprises. They may be a little too cost prohibitive for single-person operations and small businesses. However, this platform can support a variety of industries, specializing in manufacturing, retail, distribution, food manufacturing, breweries, distilleries, and coffee roasters.

Unleashed Standout Features and Integrations

Features include data importing and exporting, centralized inventory database, low stock and out of stock notifications, inventory level dashboards, inventory forecasting, stock history reporting, multi-warehouse management, and reporting and analytics.

Integrations include Salesforce, Lokad, Geo, Vend, Prospect, StockTrim, Xero, Amazon, Zeald, Neato, and Shopify.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
3.8 25

Free trial available

Plans start at $349/month

Pros

  • Lots of user-friendly guides
  • Exceptional reporting with integrations
  • Almost effortless to maintain

Cons

  • Reporting isn’t as flexible as it could be
  • Requires a time investment to set up
8

Intuendi

Best for reducing forecasting errors with inventory optimization

One of the most innovative predictive software options for inventory management, Intuendi offers better forecasting and optimization tools for commerce and ecommerce businesses. This software tracks and predicts ROI, sales, and margins in order to identify the most profitable products and prevent overselling.

Intuendi is based in machine learning and AI technology to generate a dependable, customized success plan for your business. With its predictive analytics, omnichannel demand planning, and purchase order suggestions, this software claims it can reduce forecasting errors by up to 82% and enhance order management by up to six times.

This retail inventory management software is useful for a number of industries, but they specialize in ecommerce, fashion, food, and spare parts. They can support businesses with accurate predictions — even for erratic stock demands, perishable needs, and short life-cycle items.

Intuendi Standout Features and Integrations

Features include demand forecasting, graphical data presentation, historical trend analysis, SKU management, future sales insights, alerts and escalation, ad hoc reporting, distribution management, inventory replenishment, and purchasing and receiving.

Integrations include Shopify, NetSuite, Odoo, PrestaShop, and Epicor for Distribution.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.8 2

Free demo available

Pricing upon request

Pros

  • New features constantly added
  • Easy to learn and use

Cons

  • Limited integration options
  • Requires manual data upload
9

SKULabs

Best for multi-channel order management in one place

As a web-based, multi-sales-channel management system, SKULabs is designed to handle both inventory and order management with tools for barcoding, shipping, receiving, purchasing, and restocking. You can use it on any device through a mobile app that’s compatible with both Android and iOS tablets and phones.

Managing and syncing a multi-channel inventory can be simple when you use the warehouse and inventory management tools from SKULabs. These features can help you get real-time stock levels, synchronize inventory across all stores, set restock alerts, send purchase orders to suppliers, and break a single warehouse into multiple stock-keeping locations.

SKULabs can handle small business needs, as well as high-scale sales operations with up to five stores and 200,000 SKUs. All their plans come with onboarding support, customer service through phone and chat, unlimited shipping and returns, and access to a variety of shipping carriers.

SKULabs Standout Features and Integrations

Features include inventory management, purchase orders, warehouse management, order picking, multi-carrier shipping, batch picking, analytics, insight reporting, point of sales, catalog management, tag management, manual orders, and stock forecasting.

Integrations include Shift4Shop, BigCommerce, Magento, WooCommerce, Shopify, Amazon, eBay, Square, PayPal, and Stripe.

30-day free trial available

From $299/month (billed annually)

Pros

  • Simplified functionality
  • Seamless transition with onboarding support
  • Very user friendly

Cons

  • Upload/import from other systems can cause duplication
  • Product search requires exact wording
10

Lightspeed Retail

Best for integrated POS and inventory management systems

As a complete point of sale and inventory management tool, Lightspeed Retail provides the best of both to ensure you can streamline time-consuming admin duties, like checking inventory levels, stock reorders, and employee management, so you can take better care of customers and grow your business.

In addition to helping manage your inventory, Lightspeed Retail focuses on improving customer service and loyalty through a unique POS system that offers fast checkout with Quick Keys, versatile payment options, built-in customer profiles for personalized shopping, and custom fields that brand the checkout experience.

Lightspeed Retail originally started as a tool for SMBs, but has recently expanded to service enterprise-level organizations, managing inventories and sales of over a million dollars for some businesses. In addition to retail, this platform is also specialized to service restaurants, hotels, and golf clubs.

Lightspeed Retail Standout Features and Integrations

Features include inventory tracking, order fulfillment, inventory control, POS for iPad and cloud, pre-loaded catalogs, barcode generator, supplier network, social media and order templates, SKU tracking, product variant creation, and managing multiple locations.

Integrations include APICABASE, BevSpot, BikeExchange, MarketMan, Growzer, OpenTable, Pointy, PeachWorks, RESTOCK, and Retail Toolkit.

Customized 14-day free trial for your industry

Plans start at $69/month (billed annually)

Pros

  • Minimal training requirements
  • Integrated payment processing
  • Streamlined integrations for every industry

Cons

  • Not ideal for composite product sales
  • No mobile app for management

The 10 Best Retail Inventory Management Software Summary

Tool Free Option Price
1
SkuVault

Best for creating unique SKUs to keep track of your inventory

Free demo available

From $359/month Visit Website
2
UpKeep

Best for asset operations management for increased reliability and maintenance

7-day free trial available

From $45/user/month Visit Website
3
Zoho Inventory

Best for comprehensive business management

14-day free trial + free plan available

From $79/month. Visit Website
4
Veeqo

Best for efficient automated shipping

14-day free trial available

Plans start at $195/2 users/month Visit Website
5
MicroBiz Cloud

Best for a wide selection of free launch services

30-day free trial available

Plans start at $995/user Visit Website
6
Cin7 Omni

Best for connecting all sales channels in one place

Free demo available

Plans start at $399/month Visit Website
7
Unleashed

Best for full inventory visibility and control

Free trial available

Plans start at $349/month Visit Website
8
Intuendi

Best for reducing forecasting errors with inventory optimization

Free demo available

Pricing upon request Visit Website
9
SKULabs

Best for multi-channel order management in one place

30-day free trial available

From $299/month (billed annually) Visit Website
10
Lightspeed Retail

Best for integrated POS and inventory management systems

Customized 14-day free trial for your industry

Plans start at $69/month (billed annually) Visit Website

Other Options

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

  1. Odoo

    Best for all-in-one business management

  2. Salesforce Commerce Cloud

    Best for building headless commerce driven by customers

  3. monday.com

    Best for out-of-the-box workflows

  4. Linnworks

    Best for scaling retail inventory management

  5. Megaventory

    Best for cloud order, manufacturing, and inventory management

  6. Finale Inventory

    Best for cloud-based inventory management for growing businesses

  7. Agiliron

    Best for cloud-based retail management

  8. Primaseller

    Best for online and offline sales

  9. erplain

    Best for simplified B2B sales and inventory management

  10. Tecsys Elite

    Best for supply chain management for mid-size and enterprise businesses

People Also Ask

Here are a few popular questions answered for your convenience!

Other Inventory Software Reviews

I've reviewed other inventory management software, so check out these lists if you still haven't found what you're looking for.

Find More at ECM

At The Ecomm Manager, you can find a huge selection of resources to inform you about the latest and greatest tools for your business. From inventory management to customer service, these articles break down and examine everything you might need to ensure streamlined, efficient operations. Keep up with the newest software and business trends when you subscribe to our newsletter.

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.

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