20 Best Retail Inventory Management Software, Reviewed & Compared for 2024
The 10 Best Retail Inventory Management Software
Here are the top 10 retail inventory management software I’d like to highlight out of the 20 we’re covering here.
Our one-on-one guidance will help you find the perfect fit.
Look around your store (digital or IRL, whatever). What do you see all around you? Inventory, it's all inventory. And, inventory is cash.
You don't manage your cash in a spreadsheet, right? You use a trusted institution to handle your monetary affairs, so you should use a trusted solution to handle your inventory affairs.
For your brick-and-mortar store, you need something that will handle inventory on the floor, in your stockroom, at the distribution center, and as it gets brought up to the point of sale (POS) terminal.
Does that sound right? Well, have I got the list for you. We used our retail experience and a fancy scoring system to surface the very best retail inventory management software out there.
Let's do it, then.
What is Retail Inventory Management Software?
Retail inventory management software is your behind-the-scenes hero for keeping track of what’s in stock and what’s flying off the shelves.
Think of it as the ultimate digital assistant that handles the nitty-gritty of stock levels, orders, and sales data, so you don’t have to. By automating these tasks, it helps you avoid the headaches of overstocking or those dreaded out-of-stock moments.
But it’s not just about keeping things organized—this software is all about making your life easier.
It boosts your store’s efficiency, keeps customers happy with better product availability, and arms you with the data you need to make smart decisions that keep your business humming along.
Why Trust Our Inventory Management Software Reviews
We’ve been testing and reviewing ecommerce software since 2021. As retail 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 & our software review methodology.
Comparing the Best Retail Inventory Management Software
Let’s take a look at how these options compare on pricing. Then click Compare Software to compare all the other features.
| Tools | Price | |
|---|---|---|
| Cin7 Core | From $349/month | Website |
| SkuVault | From $359/month | Website |
| Oracle Retail | Pricing upon request | Website |
| Linnworks | From $449/month (volume-based pricing) | Website |
| Helcim | From 0.50% + $0.25 per transaction | Website |
| KORONA POS | From $59/month | Website |
| Settle | From $149/month | Website |
| UpKeep | From $20/user/month | Website |
| Zoho Inventory | From $29/user/month | Website |
| Veeqo | Plans start at $195/2 users/month | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareHow to Choose Retail Inventory Management Software
With the sheer number of retail inventory management software options available, picking the right one can feel like navigating a maze.
But don’t worry—here’s your map to finding the perfect fit:
- Identify the problem you’re solving. Start by pinpointing the gap in your current setup. What features are you missing? What functionality will make your life easier? Understanding the problem first helps you zero in on the software that actually delivers what you need.
- Determine who will use it. Who’s going to be hands-on with this software? Whether it’s just your ecommerce team or the entire organization, this will impact both cost and functionality. Will ease of use be the priority for everyone, or do you need speed and efficiency for your power users? Knowing this upfront will help you evaluate options more effectively.
- Consider integration needs. Take stock of your existing tools. Which ones are you keeping? Which ones need to play nice with your new software? You’ll need to decide whether the new software should integrate seamlessly with your current stack, or if it’s time to streamline and consolidate with a single solution.
- Focus on outcomes. Think about what success looks like for your business. Is it about gaining better visibility into performance? Improving accuracy? Whatever your goals, keep them front and center as you compare options. Features are great, but if the software doesn’t help you hit those outcomes, it’s just noise.
- Align with your workflows. Your business is unique, and so are your workflows. Make sure the software complements how your team already works. It’s tempting to go for the most popular tool, but popularity doesn’t equal perfection for every business. Choose what fits, not what’s flashy.
The 10 Best Retail Inventory Management Software, Reviewed
Here are my top 10 picks for retail inventory management software, including why we picked it, its top features and integrations, pros and cons, and screenshots of the tool in use.
Cin7 Core is a cloud-based inventory management software. It offers solutions for inventory management, point of sale, accounting, and more, and it's specifically designed to meet the needs of manufacturers and product sellers.
Why I chose Cin7 Core: This software made it onto my list because it offers a comprehensive feature suite that goes beyond inventory management. You can track your stock levels, manage your orders, and maintain real-time visibility. All this makes it easier for you to optimize your supply chain operations and ensure efficient processes and workflows. It can also unite your shipping and back-end warehouse to streamline orders, and provides a point of sale (POS) system to keep inventory and sales synced up.
Cin7 Core Standout Features & Integrations
Features include multi-channel inventory management, point of sale (POS), B2B portals, accounting tools, commerce integrations, 70+ customizable reports, workflow automation, and a mobile app.
Integrations include Shopify, Quickbooks, Amazon, and Xero. Developer APIs are also available to build custom integrations with, and integrations with 3PL and EDI systems are available for when you need to scale.
Pros and cons
Pros:
- Automation for repetitive tasks
- Real-time inventory tracking
- Mobile app for flexible inventory management
Cons:
- Comes with a learning curve
- Limited integrations
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.
Why I Picked SkuVault: SkuVault 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.
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.
Oracle Retail stands as a formidable retail inventory management software, tailored to equip retailers with the essential tools needed to efficiently oversee and optimize their inventory operations. This robust platform encompasses an array of features, including demand forecasting, inventory optimization, replenishment planning, and stock count management, all integrated seamlessly within a unified solution.
Why I Picked Oracle Retail: Oracle Retail excels as a retail inventory management software by offering several key strengths. Firstly, it provides a comprehensive suite of inventory management tools, including demand forecasting, replenishment planning, and stock count management, covering various facets of inventory control within a single platform. This comprehensive approach allows retailers to gain holistic insights into their inventory and supply chain, ensuring that they can optimize inventory levels, reduce carrying costs, and prevent stockouts efficiently. Secondly, Oracle Retail leverages advanced analytics and machine learning to deliver highly accurate demand forecasts, enabling retailers to make data-driven decisions and respond swiftly to market fluctuations.
Oracle Retail Standout Features & Integrations
Features include demand forecasting, inventory optimization, merchandise planning, pricing optimization, point-of-sale (pos) solutions, end-to-end omnichannel support, real-time analytics, task management, integration with oracle cloud infrastructure (oci), customization, and extensibility.
Integrations are not listed by name, but it does promise connections with Foundation Data Cloud Services, Retail Pricing Cloud Service, Stock Count Export, Notification Services, Ticket Printing, and other 3rd parties.
Pros and cons
Pros:
- Integration with Oracle Cloud Infrastructure offers scalability
- Advanced analytics, ML, and AL for analytics
- Comprehensive, end-to-end omnichannel support
Cons:
- Not cost-effective for small businesses
- Not cost-effective for small businesses
Linnworks is a cloud-based inventory management software designed for online retailers who sell on multiple channels. It aims to simplify the inventory management process by centralizing all sales, orders, and inventory across different marketplaces and channels into one easy-to-use platform.
Why I Pinked Linnworks: Linnworks' customizable reporting feature provides a wide range of pre-built reports, but retailers can also create their own custom reports to analyze inventory, sales, and customer data. This tool helps retailers manage inventory by providing real-time stock updates, creating purchase orders, and managing shipping and fulfillment across multiple sales channels. Linnworks' automation features also save retailers a lot of time by automatically syncing inventory levels, updating order statuses, and generating shipping labels.
Linnworks Standout Features and Integrations
Features include multi-channel listing, shipping management, stock forecasting, warehouse management, and real-time insights.
Integrations include Amazon, eBay, Walmart, and Shopify, QuickBooks, and ShipStation.
Pros and cons
Pros:
- Multilingual support
- Highly scalable
- Multi-channel support on more than 70 channels
Cons:
- No transparent pricing
- No free trial
Helcim is a payment processing tool designed to provide businesses with low-cost and transparent solutions for accepting credit and debit card payments both online and in-person. It distinguishes itself with a pricing model that includes interchange plus pricing, no hidden fees, contracts, or monthly fees, positioning itself as a cost-effective choice for businesses focused on reducing transaction fees and processing costs.
Why I Picked Helcim: I chose Helcim for retail inventory management software because it offers competitive low processing rates and a transparent pricing model, which is crucial for managing costs in retail operations. What makes Helcim different is its Interchange Plus pricing and the Helcim Fee Saver feature, which can help businesses save on credit card fees. I believe Helcim is best for low-cost payment processing because it provides a cost-effective solution for businesses to accept payments both in-person and online.
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
KORONA POS is a cloud-based point-of-sale system tailored for businesses of all sizes in various industries such as retail, food service, and entertainment. This system provides advanced features, including inventory management, customer relationship management (CRM), real-time sales reporting, and support for eCommerce and multi-location operations.
Why I Picked KORONA POS: I like that KORONA POS offers multi-location management capabilities. This is particularly beneficial for retailers with multiple outlets, as it allows for a consolidated product database across all locations. This system facilitates easier item transfers and pricing updates, providing a seamless inventory management experience. Additionally, the software's shipment tracking and vendor management features ensure that all incoming and outgoing stock is accurately monitored, improving overall supply chain efficiency. The integration with eCommerce platforms further enhances its utility, allowing for a unified inventory system that supports both physical and online stores.
KORONA POS Standout Features & Integrations
Features include automated counting, a notifications system, real-time reporting and analytics for sales performance, inventory movement, and customer behavior, and CRM capabilities like customizable loyalty programs and promotions.
Integrations include Bookkeep, Octopus Bridge, Card Market, Bottlecapps, bLoyal, BlockChyp, Sekure, NearSt, Groc, BOLD Integrated Payments, BLUbeem, LineupApp, Microsoft Excel, WooCommerce, QuickBooks Online Advanced, and Adobe Commerce.
Pros and cons
Pros:
- Robust inventory management features
- Cloud-based flexibility
- Scalable for single terminals, multi-location operations, and franchises
Cons:
- Lacks support for multiple languages and currencies
- Limited offline functionality
Settle is a financial tool that helps businesses in the CPG sector manage their purchasing, payments, and inventory. It’s designed for companies that need to track cash flow, automate payments, and monitor product levels to make informed decisions.
Why I chose Settle: Settle offers features that help businesses keep their supply chain and finances in sync. With it, you can automate vendor payments and monitor inventory levels in real-time. This helps ensure that you never run out of stock while maintaining control over cash flow. Settle also includes payment scheduling tools, giving you the flexibility to pay suppliers on your terms while optimizing your working capital. Your team can track outstanding orders, vendor details, and product quantities all in one platform.
Settle Standout Features & Integrations
Features include AP automation, purchase order tools, invoice reconciliation, customizable payment terms, credit line access, multi-currency support, spend management tools, real-time reporting, and vendor management tracking.
Integrations include QuickBooks Online, NetSuite, Shopify, Amazon, Cin7, Google, and Xero.
Pros and cons
Pros:
- Inventory forecasting features
- Comprehensive financial dashboard
- Automated invoice management
Cons:
- Initial setup can be complex
- Could offer more advanced reports
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.
Why I Picked UpKeep: 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.
Pros and cons
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
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.
Why I Picked Zoho Inventory: 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. 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.
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.
Pros and cons
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
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.
Why I Picked Veeqo: 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.
Pros and cons
Pros:
- User-friendly platform
- Small-business focused
- Completely free
Cons:
- Time-consuming front end setup
- Only for inventory and fulfillment
Other Retail Inventory Management Software
Here are the rest of my picks for the best retail inventory management software, including a best use case for each. I didn’t have space for a full review but they are still worthy of checking out!
Related Ecommerce Software Reviews
If you still haven't found what you're looking for here, check out these related ecommerce tools that we've tested and evaluated.
- Ecommerce Platforms
- Inventory Management Software
- Payment Processing Software
- Shopping Cart Solutions
- Order Management Systems
- Warehouse Management Software
Our Selection Criteria for Retail Inventory Management Software
Choosing the right retail inventory management software is more than just ticking boxes—it’s about finding a solution that fits your unique needs like a glove.
After extensive trials and research, we’ve fine-tuned criteria that guide software buyers toward making informed decisions.
Core functionality (25% of total weighting score)
Retail inventory management software must excel in several key areas to be considered effective. Our analysis zeroes in on the following essential functions, which are crucial for almost every retail operation:
- Real-time inventory tracking and management
- Automated reordering to prevent stockouts
- Seamless integration with sales channels and POS systems
- Detailed reporting and analytics for inventory performance
- Efficient order fulfillment and warehouse management processes
Additional standout features (25% of total weighting score)
To separate the best from the rest, we look for innovative features that elevate certain solutions above the competition. This includes:
- AI-driven forecasting tools for sharper demand planning
- Mobile app availability for managing inventory on the go
- Omnichannel inventory management for a unified view across all sales channels
- Advanced barcode scanning and RFID technologies for inventory accuracy
- Integration capabilities with external tools and platforms for extended functionality
Usability (10% of total weighting score)
A powerful tool is only as good as its ease of use. We evaluate:
- Intuitive interfaces that simplify complex inventory tasks
- Customizable dashboards that highlight key metrics and insights
- Streamlined navigation for quick access to essential features
- Responsive design that works seamlessly across all devices
Onboarding (10% of total weighting score)
A smooth transition to new software is crucial for quick adoption and getting value fast. Key factors include:
- Comprehensive training materials like videos, guides, and tutorials
- Interactive product tours and onboarding checklists
- Access to customer success managers for personalized support
- Community forums and knowledge bases for peer advice and troubleshooting
Customer support (10% of total weighting score)
Solid support can make or break your experience with new software. We assess:
- Availability of 24/7 live chat and phone support
- Responsiveness and expertise of the support team
- Presence of a comprehensive FAQ and troubleshooting guide
- Customer feedback channels for continuous improvement
Value for money (10% of total weighting score)
The cost should match the impact the software has on your business. This includes:
- Transparent pricing models with no hidden fees
- Flexible plans that scale with your business size and needs
- Free trials or demo versions to test the waters before committing
- Comparative analysis of features versus pricing tiers
Customer reviews (10% of total weighting score)
Real-world feedback offers insights that you can’t get from a feature list. We focus on:
- Consistency in positive reviews about usability and support
- User testimonials that highlight specific benefits and improvements
- Reports of bugs or issues and how quickly they were resolved
- Overall satisfaction rates and likelihood of recommending the software
By applying these criteria rigorously, we ensure that my recommendations for retail inventory management software are rock-solid—catering to both the essential and advanced needs of retail businesses aiming to optimize their inventory management practices.
Trends in Retail Inventory Management Software for 2024
Retail inventory management is evolving fast, and 2024 is shaping up to be a game-changer. Here are the key trends you need to know—each one pushing the boundaries of what's possible in managing inventory.
- AI-powered predictive analytics. AI is revolutionizing demand forecasting by analyzing vast datasets, helping retailers avoid overstocking and understocking through smarter, proactive decisions.
- Automated replenishment systems. Automation reduces manual errors by triggering orders when inventory hits predefined levels, ensuring products are always available without constant oversight.
- Sustainability tracking features. New tools track the environmental impact of inventory processes, helping businesses align with consumer values by reducing waste and optimizing supply chains.
- Cloud-based inventory management. Cloud systems offer real-time data access from anywhere, enabling seamless inventory management across locations while reducing IT costs.
- Integration with IoT devices. IoT devices like RFID tags and sensors provide real-time tracking, allowing precise monitoring of inventory, especially for perishable goods and high-value items.
- Omnichannel inventory control. These systems manage inventory across multiple sales channels in real-time, reducing stockouts and excess inventory while ensuring availability across all platforms.
- Warehouse automation and robotics. Robots are taking on more complex tasks like sorting and packing, increasing efficiency, reducing errors, and lowering operational costs.
- Blockchain for transparency. Blockchain enhances supply chain transparency by recording every transaction on a decentralized ledger, reducing fraud and discrepancies in complex supply chains.
These trends highlight the ongoing innovation in retail inventory management, emphasizing the shift towards smarter, more sustainable, and more efficient practices.
Staying ahead of these trends will be crucial for any retailer looking to remain competitive in 2024 and beyond
Features of Retail Inventory Management Software
Retail management software is designed to help businesses manage various aspects of their retail operations more efficiently and effectively.
Here are some of the key features you’ll find:
- Point of sale (POS) system. The heart of any retail management software, the POS system handles sales transactions, manages customer checkouts, and often takes care of returns and exchanges. It’s the front line of your retail operation.
- Inventory management. This feature keeps a close eye on your stock levels, helps you manage orders, and organizes your products. It might include tools for automatic reordering, tracking how products are performing, and managing supplier relationships.
- Customer relationship management (CRM). CRM tools help you build stronger connections with your customers by managing their data, tracking purchase history, and spotting sales opportunities. Think loyalty programs, personalized marketing, and ways to gather and act on customer feedback.
- Employee management. From scheduling and time tracking to performance monitoring and payroll, this feature ensures your staff is where they need to be and operating at their best.
- Reporting and analytics. Knowledge is power, and robust reporting tools provide insights into everything from sales trends and inventory levels to customer preferences and overall business performance.
- Ecommerce integration. Seamlessly connect your online and physical storefronts. This feature ensures inventory and sales data are in sync across all channels, so you never miss a beat.
- Marketing tools. Drive sales and engage customers with tools for email marketing, social media integration, and managing promotional campaigns—all within your retail management software.
- Supply chain management. Keep the flow of goods smooth and efficient, from suppliers to your warehouse and onto the sales floor. This feature optimizes your supply chain, reducing costs and improving efficiency.
- Security and compliance. Protect your data, prevent fraud, and stay compliant with regulations like PCI DSS for payment processing. Security is built into the system to keep your business safe.
- Mobile accessibility. Manage your operations on the go with mobile apps or mobile-friendly interfaces, giving you the freedom to run your business from anywhere.
- Customization and scalability. As your business grows, your software should grow with you. The ability to customize the software to fit your specific needs and scale it as your business expands is crucial for long-term success.
These features work together to streamline your operations, improve customer satisfaction, and ultimately drive growth for your retail business.
Benefits of Retail Inventory Management Software
Retail inventory management software brings a host of benefits that can make a real difference to your bottom line and customer satisfaction.
Here are five key advantages that showcase why investing in this software is a smart move:
- Optimized stock levels. Retail inventory management software helps ensure you're never overstocked or understocked. By accurately predicting demand, you can maintain the perfect amount of inventory, which cuts down on carrying costs and minimizes the risk of stockouts.
- Enhanced order fulfillment. Speed up your order processing and delivery times. With automation handling the fulfillment process, orders get to customers faster, boosting their satisfaction and keeping them coming back.
- Increased operational efficiency. Say goodbye to manual errors and tedious tasks. This software automates routine inventory management, freeing up your team to focus on strategic activities that add real value to your business.
- Real-time inventory visibility. Get up-to-the-minute insights into your stock levels across all channels. This real-time visibility empowers you to make informed decisions quickly, helping you stay responsive to market changes and customer needs.
- Improved financial management. Keep a close eye on inventory costs and profitability. Detailed insights into inventory turnover and related expenses allow for better financial planning and performance, helping you maximize your profit margins.
Retail inventory management software is more than just a tool—it’s a powerful ally in keeping your business competitive in today’s fast-paced retail environment.
Cost & Pricing for Retail Inventory Management Software
Choosing the right retail inventory management software can be tricky, especially with so many pricing tiers and features to consider. Whether you’re a small startup or a large enterprise, finding the plan that aligns with your needs and budget is crucial.
Here's a breakdown of common plan options, average pricing, and what types of businesses each tier is best suited for.
Plan comparison table for retail inventory management software
| Plan Type | Average Price | Common Features Included | Best For |
|---|---|---|---|
| Free | $0 | Basic inventory tracking, limited items and orders, community support | Startups and small businesses testing the waters |
| Starter | $29 - $99/month | Basic inventory management, real-time tracking, limited integrations, single-user access | Small retailers or online shops |
| Professional | $99 - $299/month | Advanced analytics, multi-user access, increased integrations, customer support | Growing businesses with multiple sales channels |
| Enterprise | $300 - $1,000+/month | Customizable features, unlimited integrations, personal account manager, 24/7 support | Large retailers with complex inventory needs |
When choosing a plan, consider not only your current needs but also your growth trajectory.
As your business scales, moving to a more advanced plan with broader features can provide the tools necessary to maintain efficiency and customer satisfaction
Retail Inventory Management Software FAQs
Let’s get into the questions that you may or may not have. We’ll be short and sweet with the answers.
How do these software options integrate with existing POS systems?
Most retail inventory management software is designed to integrate seamlessly with popular POS systems. These integrations allow real-time inventory tracking, ensuring that every sale or return is instantly reflected in your stock levels.
Look for software that supports API access or has pre-built integrations with your POS system. This ensures smooth data flow between sales and inventory management, helping you maintain accurate stock records and better understand sales trends.
Can these tools support dropshipping or third-party fulfillment models?
Yes, many retail inventory management tools are equipped to support dropshipping and third-party fulfillment models. These tools allow retailers to connect directly with suppliers and fulfillment partners, automating the order fulfillment process.
When a customer places an order, it can be automatically forwarded to a third-party for fulfillment, ensuring accurate inventory management across all sales channels without manual intervention.
How can retail inventory management software help multichannel operations?
Retail inventory management software provides centralized control over inventory across all sales channels—whether it’s a physical store, an online marketplace, or social media platforms.
Key features include real-time inventory updates, automated stock replenishment, and data analytics that offer insights into customer preferences and sales trends.
By managing inventory consistently across all channels, the software helps prevent overselling, improves customer satisfaction, and enhances overall operational efficiency.
What are the implications of overstocking and understocking, and how can software help?
Overstocking can tie up capital and lead to excess storage costs, while understocking can result in missed sales opportunities and unhappy customers. Retail inventory management software helps strike the right balance by using data-driven insights to optimize stock levels.
Features like demand forecasting and automated reordering ensure that you maintain the right inventory levels to meet customer demand without overcommitting resources.
How scalable is retail inventory management software?
Most retail inventory management software is designed to scale with your business as it grows. Whether you’re expanding to multiple locations, adding new sales channels, or increasing your product lines, scalable software can adapt to your changing needs.
Look for solutions that offer customizable features and flexible pricing plans to support your business at every stage of growth.
Other Retail Software Reviews
I've reviewed other retail management software, so check out these lists if you still haven't found what you're looking for.
- Retail Management Software: More than just inventory, retail management software can handle everything you need for day-to-day commerce operations.
- Retail Analytics Software: Is your current retail strategy service you? Retail analytics are critical to tracking and revising your business approach.
- RetailOps Software: Cover all your bases with inventory management, purchasing, warehouse management, and omnichannel sales in one platform.
Manage Your IRL Stock Like a Boss
Whether you are a purely cloud-based retail store or you are fully 3D in a physical storefront, your inventory is your everything. As I said, it's your cash (one step away from it, at least).
Manage your inventory as you would some cold hard cash. These retail inventory management software options are the bee's knees (or cat's pajamas, if you prefer), so you'll be in good hands.
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