10 Best Retail Inventory Management Software In 2023

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.