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There are so many different retail inventory management software, so making a shortlist of the best can be tricky. You want tools for inventory, customer data, point-of-sale (POS), and store ops management across platforms and channels—and now need the right tool for your retail operation. I've got you covered! In this post, I share from my personal experience as an ecommerce expert using many different retail inventory management platforms with stores of all sizes, and share my picks of the best retail inventory management software overall.

What is Retail Inventory Management Software?

Retail inventory management software is a specialized digital tool designed for tracking and managing inventory in retail businesses. It automates the process of monitoring stock levels, managing orders, and analyzing sales data. This software helps retailers in maintaining accurate inventory records, preventing overstocking or stock shortages, and optimizing product assortment.

The purpose is to enhance operational efficiency, improve customer satisfaction through better product availability, and support informed decision-making for effective retail management.

Overviews Of The 10 Best Retail Inventory Management Software

These are my top 10 picks for retail inventory management software with detailed reviews for each. I listed my additional selection at the bottom of the article, so keep reading if you don’t find what you need here.

1

Oracle Retail

Best for end-to-end omnichannel support

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
5
1 review

Free demo

Pricing upon request

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

  • 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
2

SkuVault

Best for creating unique SKUs to keep track of your inventory

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 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.

3

Cin7 Core

Best for manufacturers and product sellers

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
3.7
91 reviews

14-day free trial

From $349/month

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

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

Cons

  • Comes with a learning curve
  • Limited integrations
4

Linnworks

Best for scaling retail inventory management

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 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

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

Cons

  • No free trial
  • No transparent pricing
5

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 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

  • 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
6

UpKeep

Best for asset operations management for increased reliability and maintenance

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

7-day free trial available

From $45/user/month

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

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

Cons

  • Doesn’t have automation for service updates
  • App is easier to use than PC version
7

Zoho Inventory

Best for comprehensive business management

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

14-day free trial + free plan available

From $79/month.

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

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

Cons

  • Must buy integrations separately
  • Reporting data is too basic
8

Veeqo

Best for efficient automated shipping

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

14-day free trial

Plans start at $195/2 users/month

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

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

Cons

  • Only for inventory and fulfillment
  • Time-consuming front end setup
9

MicroBiz Cloud

Best for a wide selection of free launch services

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

30-day free trial available

Plans start at $995/user

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.

Why I Picked MicroBiz: 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.

Pros

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

Cons

  • No invoice customization
  • No iPhone app
10

Cin7 Omni

Best for connecting all sales channels in one place

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

Free demo

From $399/month

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.

Why I Picked Cin7 Omni: 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.

Pros

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

Cons

  • Costly add ons
  • No customizable branding
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Other Options

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!

  1. Unleashed

    Best for full inventory visibility and control

  2. Lightspeed Retail

    Best for integrated POS and inventory management systems

  3. SKULabs

    Best for multi-channel order management in one place

  4. Odoo

    Best for all-in-one business management

  5. monday.com

    Best for out-of-the-box workflows

  6. Intuendi

    Best for reducing forecasting errors with inventory optimization

  7. Salesforce Commerce Cloud

    Best for building headless commerce driven by customers

  8. Finale Inventory

    Best for cloud-based inventory management for growing businesses

  9. Agiliron

    Best for cloud-based retail management

  10. Megaventory

    Best for cloud order, manufacturing, and inventory management

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.

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:

Key Features


Retail management software is designed to help businesses manage various aspects of their retail operations more efficiently and effectively. Here are some key features commonly found in retail management software:

  1. Point of Sale (POS) System: This is the core of retail management software. It processes sales transactions, manages customer checkouts, and often includes capabilities for handling returns and exchanges.
  2. Inventory Management: This feature helps retailers track stock levels, manage orders, and organize products. It can include tools for automatic reordering, tracking product performance, and managing suppliers.
  3. Customer Relationship Management (CRM): CRM tools within retail management software help businesses manage customer data, track purchase history, and identify sales opportunities. This can include loyalty programs, personalized marketing, and customer feedback management.
  4. Employee Management: This includes scheduling, time tracking, performance monitoring, and payroll management. It helps in optimizing staff allocation and productivity.
  5. Reporting and Analytics: Retail management software often includes robust reporting tools that provide insights into sales trends, inventory levels, customer preferences, and overall business performance.
  6. Ecommerce Integration: This allows for the integration of online sales platforms with the retail management system, ensuring that inventory and sales data are synchronized across physical and digital storefronts.
  7. Marketing Tools: These can include email marketing, social media integration, and promotional campaign management to help drive sales and engage customers.
  8. Supply Chain Management: This feature assists in managing the flow of goods from suppliers to the warehouse and then to the sales floor, optimizing the supply chain for efficiency and cost-effectiveness.
  9. Security and Compliance: Ensuring data security, protecting against fraud, and compliance with relevant laws and regulations (like PCI DSS for payment processing) are essential components of retail management software.
  10. Mobile Accessibility: Many retail management systems offer mobile apps or mobile-friendly interfaces to manage retail operations on the go.
  11. Customization and Scalability: The ability to customize the software to specific business needs and scale it as the business grows is also a crucial feature.

Multichannel Capabilities

Sure, online shopping blew up (particualr during the COVID-19 pandemic), but we are now seeing a trend with younger shoppers wanting to browse retail stores IRL, too. Reasons for wanting an in-store experience included access to support tools like maps and kiosks (83% respondents); security considerations (79% respondents); free samples and giveaways (86% respondents); and niche, specially curated product selections (74% respondents). A multichannel approach covers all these bases and more. You can sell on your website, in store, on third-party marketplaces like Amazon, and even via social commerce apps like Instagram Shop.

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.

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.

People Also Ask

Here are a few popular questions answered for your convenience!

How much does retail management software cost?

The cost of retail inventory management software can vary widely based on factors such as the size of the business, the range of features required, the number of users or terminals, and whether the software is cloud-based or installed on-premises.

  1. Small Businesses or Startups: For small retail operations, basic cloud-based POS systems can start as low as $0 to $30 per month per terminal. More comprehensive packages might range from $50 to $100 per month per terminal.
  2. Mid-Size Retailers: Mid-sized businesses often require more advanced features like multichannel inventory management, CRM, and analytics. Prices for these systems can range from $100 to $300 per month per terminal. Some providers might offer tiered pricing based on the number of terminals or volume of sales.
  3. Large Enterprises: Large retailers with multiple locations and more complex needs (like advanced analytics, integration capabilities, and extensive inventory management) can expect to pay anywhere from $300 to over $1,000 per month per terminal. Custom solutions can be significantly more expensive.
  4. Free Options: There are also free versions of retail management software available, but they are usually very basic and might include limitations on the number of transactions, users, or access to advanced features.

What are the 4 types of inventory management?

The four types of inventory management include economic order quantity, just-in-time management, days sales of inventory, and materials requirement planning. Here’s a breakdown:

  • Economic Order Quantity (EOQ) – When you order inventory based on a specific calculation that allows you to meet demand without overspending, minimizing excess inventory and holding costs.
  • Just-In-Time Management (JIT) – This form of inventory management ensures that raw materials arrive for manufacturing just as production starts to guarantee you have the minimum amount needed on demand.
  • Days Sales of Inventory (DSI) – A management style that’s based on how long it takes an organization to sell all its inventory. The average length of time required to empty the inventory can be used to indicate efficiency.
  • Materials Requirement Planning (MRP) – A calculation method for the materials needed to manufacture a product. It requires taking inventory of what’s on-hand, identifying the needs for additional materials, and scheduling production or purchase.

Knowing what inventory management strategy works best for you will be critical to picking the right software solution.

How can retail inventory management software help multichannel operations?

Retail inventory management software plays a crucial role in the efficient operation of multichannel retail businesses. These businesses sell products through multiple channels, such as physical stores, online stores, marketplaces like Amazon or eBay, and sometimes through social media platforms. Here’s how retail inventory management software can help in such operations:

  1. Centralized Inventory Control: The software provides a unified view of inventory across all channels. This means whether a sale occurs in a physical store or online, the inventory levels are updated in real time, reducing the risk of overselling or stock discrepancies.
  2. Automated Stock Replenishment: By tracking sales and inventory levels across all channels, the software can automate reordering processes. This ensures that popular items are restocked efficiently, reducing the risk of stockouts and lost sales.
  3. Consistent Customer Experience: Multichannel operations require consistency in product availability and pricing across all channels. Inventory management software helps ensure that customers see uniform product information and availability whether they shop online or in-store.
  4. Data Analytics and Reporting: The software can analyze sales and inventory data from all channels, providing valuable insights into customer preferences, sales trends, and inventory performance. This data can inform business decisions, like which products to stock more of and which channels are most profitable.
  5. Demand Forecasting: Advanced inventory management systems can use historical sales data to predict future demand across different channels. This helps in optimizing inventory levels, reducing carrying costs, and improving cash flow.
  6. Efficient Order Fulfillment: For businesses that fulfill online orders from physical store inventories, the software can help locate the nearest store with an item in stock to the customer, reducing shipping times and costs.
  7. Returns Management: Handling returns efficiently is crucial in multichannel retail. Inventory management software can streamline the process of accepting returns, updating inventory levels, and managing refunds or exchanges across all channels.
  8. Supplier Management: The software can also manage relationships with multiple suppliers, track lead times, and maintain optimal inventory levels based on supplier performance and reliability.
  9. Scalability: As the business grows, the software can scale to accommodate additional products, channels, or locations, making it easier to expand the business without overhauling the inventory system.
  10. Integration with Other Systems: Many inventory management systems can integrate with other retail management tools like POS systems, e-commerce platforms, and accounting software, creating a seamless operational flow.

By providing these capabilities, retail inventory management software enables multichannel retailers to operate more efficiently, reduce costs, and provide better service to their customers.

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.

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 retail management to customer service, these articles break down and examine everything you might need to ensure streamlined, efficient operations.

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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.