Inventory Management Software Comparison

SelectHub is real people helping you find the best Inventory Management software for your unique business needs while recognizing the top solution leaders who help make your decisions possible.

Inventory Management Software Buyer's Guide

Last updated on May 16th, 2019

The Best Inventory Management Software is All About Tracking

The supply chain is a competitive arena with less room for mistakes than ever before. If you can’t track your business inventory and effectively plan for demand, there’s simply no way to get ahead in the market. For these reasons and more, you need the best inventory management software behind your business.

Executive Summary

  • Inventory software provides the visibility necessary to optimize operations as a standalone solution or as part of a larger system.
  • Goals for implementing an inventory management app include improving visibility, efficiency and customer satisfaction.
  • Inventory management systems utilize a number of features to optimize your practices, both basic features and advanced.
  • In order to choose the right system, buyers will need to perform a thorough comparison of the vendors on their shortlist.
  • When you finally get in contact with inventory management vendors, you may want to ask questions to clear up any last concerns before you invest in a new system.

Benefits of Inventory Management Software Systems

These systems are purpose-built to reduce and eliminate out-of-stock and overstock conditions by defining optimal inventory levels for products based on demand. Central elements of inventory and order management software include tracking orders, sales, deliveries and inventory levels. Available solutions are an especially excellent choice for small- to medium-sized businesses looking for a way

Tradegecko Inventory total sales
Software provides deep visibility into your operations.

More Options for Inventory Optimization

While this solution can be sold as a standalone product, inventory management is also a function of both supply chain management and warehouse management software. These products are an excellent choice for enhanced     management if you’re looking to manage broader segments of the supply chain. A WMS can provide inventory management plus warehouse planning and labor management. SCM software handles both manufacturing and distribution activities. Businesses looking for complete supply chain management in addition to back-office functions like accounting may find an ERP solution helpful.

For the purposes of this guide, we’ll be focusing on inventory management as a standalone system. But if you’re looking for something a little more complex, make sure to check out our other software buyer’s guides linked above.

Inventory Management Software Report

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Implementation Goals

Businesses looking to implement online inventory control typically share a few common goals. If you’re still unsure whether this system is right for your business, check out the three goals listed below. If your goals are similar and don’t extend far beyond these, inventory software is probably the perfect solution for you.

Goal 1

Improve Visibility and Planning

Improved visibility is one of the biggest benefits of inventory management systems. With traceability features, users can track levels in addition to locations of materials, goods and deliveries throughout the supply chain in real time. Visibility is the foundation of inventory software, which then allows the rest of the system to do its job. For instance, knowing where all your inventory is at all times allows you to determine which areas of operations need attention before a major problem occurs.

This also allows for in-depth business intelligence and analytics. Systems can collect and store data which then produces forecasts, allowing you to plan for the future.

Goal 2

Improve Efficiency and Reduce Costs

Inventory management software is an essential tool for those needing to improve efficiency. First, many solutions automatically track and store data surrounding your operations, providing quick insight into your business. Receiving your data in real time is also a major contributor to increasing your efficiency. This helps reduce the errors and costs associated with redundant work based on old data.

Additionally, software automates many tasks related to order management. This further assists your workforce in optimizing their time to reduce human error and roadblocks.

Goal 3

Raise Customer Satisfaction

All the benefits of inventory software systems are ultimately passed down to the customer. Improved efficiency and reduced costs mean a lower price, or possibly an investment into higher quality production. Software also helps increase the rate of perfect orders by facilitating accurate and on-time deliveries. All of these activities raise brand image and appeal in your consumers’ minds.

While these goals are universal, every solution will be slightly different. In order to achieve all these goals, you’ll need to select the best system for your business. The best way to determine which vendor offers the solution most suited to you is through creating a requirements list.

Your list should contain all the features, functions, capabilities and other considerations needed to effectively support operations. For instance, if you need eCommerce inventory software or a solution that works with your retail scanner systems, make sure to document those needs. For more information, be sure to check out our article listing some of the most common software requirements.

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Basic Features & Functionality

The following features are included in most solutions and provide the central capability behind this type of software.

Product Categorization This feature allows users to enter basic information surrounding their inventory into their system. This includes details such as product measurements and a complete history covering past audits, inquiries, listings, etc. Users can also easily see the amount of stock on hand for any particular product.
Cycle Counting

Cycle counting is a great way to get an idea of how accurate your inventory levels are without having to perform a complete audit. Systems support this activity by providing a method of documenting the count. Without this insight, your staff will need to create a spreadsheet and perform documentation by hand.

But inventory apps work with hardware like barcode scanners and RFID technology to quickly input stock data into your system. Having access to this information can then make it simple to see when stock is low. Many systems also allow users to set up alerts for stock outages.

Inventory Traceability

This feature is what enables in-depth visibility. As mentioned earlier, these software solutions utilize barcoding and RFID tags to keep track of inventory.

Traceability provides an audit trail of your inventory, tracking every movement and interaction until delivery. Additionally, serial numbers and lot IDs can be affixed to your stock which can then identify the product’s origins. This way, you don’t have to recall all stock on the shelf if you can identify the faulty product through an audit. Most systems also allow workers to access audits and movement of inventory from any device and location with internet.

Inventory Transfer

Inventory transfer is the feature that helps users manage the movement between locations. This is most useful if you bundle your products. Bundling, also known as kitting, is a great way to get the most value from your products. The seasonality of your products plays a large role in bundling, as you could possibly get more value from your products by selling them together at certain points in the year.

This feature can also help optimize picking stock with the intention of transferring it to another location to make the process even more efficient.

Purchasing Systems The creation of purchase orders (POs) can be time-consuming for many companies, especially small businesses without large support staffs. Thankfully, inventory tracking systems can automate the generation of both single and bulk purchase orders. Items can be added to the PO automatically using pre-made templates or scanning barcodes and then emailed to the suppliers. In addition, this feature tracks backorders and allows users to receive partial orders.
Labeling and Shipping

Distribution capabilities are limited within inventory software, but there are still tools available to allow users to at least prepare inventory for shipping. First, all packages must be labeled. Nearly all systems provide a way to print shipping labels and packing slips without the use of a separate system. These labels can include a product’s lot ID as well, which helps retailers stock accordingly when using FIFO or LIFO systems.

Systems also allow users to manage their shipping options through integration with major 3PL companies. After being shipped, users can still track inventory until delivery.

Order Management and Processing

The most basic aspects of this order management system feature include the ability to fetch, edit and track your customers’ orders. In addition to receiving orders, more sophisticated solutions sync sales order data with the rest of your inventory for a cohesive system. For instance, after receiving an order, your system can access inventory levels and mark which products are spoken for. Users can modify prices across product categories and multiple sales channels. Then, based on these new prices, the system can send customers updated quotes.

Software can handle returns as well. This feature makes it easy for users to reconcile inventory records when a return comes in.

Inventory Management Software Report

Expert recommendations and analysis on the top Inventory Management Software

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Advanced Features to Consider

The following inventory management system features are more complex than the previous features. You may want to discuss these with your vendor at length to make sure you’re getting the functionality you need.

Analytics and Reporting

Many vendors offer this feature, but you may have to integrate a third-party add-on to do so. Since your software system processes so many orders from beginning to end, there’s plenty of data to analyze and get a sense of your overall performance. Analytics are conveyed in the form of reports such as dashboards or PDF documents. There are pre-built reports, but users can typically create custom reports to track unique KPIs.

These KPIs may include gross profit, sales numbers, inventory turns, days to sale, items per shipment, etc. Dashboards may also be configured to show alerts when stock is low or for other important events.

Vendor-Managed Inventory Vendor-managed inventory (VMI) enables suppliers to maintain the buyer’s inventory. VMI is a useful feature for fast-moving inventory and can reduce the number of ordering errors on the buyer’s end. This feature enables suppliers to access levels, allowing them to replenish the stock as needed.
Mobile Support

Many of today’s vendors allow users to access their system from any internet-capable device. However, this isn’t true of all systems so be sure to double check with a potential vendor if you need this feature.

Some vendors offer designated mobile applications while others require an internet browser. Some applications are device specific, so make sure your current devices are compatible.

Inventory Management Software Report

Expert recommendations and analysis on the top Inventory Management Software

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Compare Inventory Management Software Services

As mentioned above, not every system is created equally. What works for one business might not work for yours. The only way to determine if a solution is truly the best option for your company is if you compare your shortlist of systems against the requirements you’ve created.

We suggest taking a look at SelectHub’s inventory management comparison report to do this. Our team of analysts has compared the best solutions, breaking down an overall rating by the most popular requirements. Use it to see which of the top systems perform best for the requirements most important to your business.

Questions to Ask Software Vendors

While it’s important to do a large amount of research on your vendor and the systems offered on your own, you should still come up with a few questions to ask during a demonstration. This is the time to clear up any uncertainties you may have and to confirm whether or not the system is a good fit.

What product identification tagging technologies does your system support?

Product ID tagging is one of the biggest advantages supported by a system, so you’ll want to make sure there are no uncertainties when it comes to this area. Ask about barcoding, RFID tags, QR codes, NFC and the hardware needed to read these technologies. Make sure that by the end of the conversation you fully understand which ID systems will work with the vendor’s software.

Screenshot of Finale Inventory's shipping capability by Lot ID
Assign IDs right from your system.

How customizable are your reports?

Analytics don’t mean much if you’re not getting insights on the parameters most important to your business. Ask inventory control companies if the system can track the metrics you need to track today, as well as the metrics you’ll need to track in the future as your business experiences new growth or challenges.

Screenshot of Inflow Inventory's reporting feature
Make sure your system conveys the data important to you.

How easy is it to use the system?

If the system’s not intuitive, you’re not going to save as much time as you thought. Make sure the users of the system will be able to perform their daily tasks, even if it takes a little bit of training. On a similar note, ask about the simplicity of reports. You don’t want to spend half the day trying to decipher complex reporting when you could get just as much insight from a system that provides easy-to-understand visuals.

What training do you provide?

Even systems with excellent interfaces may require a training session or two before a user can get the hang of it. So be sure to ask the vendor what types of training and support they offer. Some vendors offer in-person training sessions while others use instructional video. Then you need to think about ongoing support for when new features are added or when you just can’t remember how to perform a certain task. The most popular forms of support are online chat and telephone support. Ask what hours support is available and if it will incur costs outside of your current payment plan.

What types of companies have you worked with in the past?

The most important criterion for evaluating any provider is whether or not they have previous experience in your industry. Be sure to ask for examples of inventory optimization in your industry and for an explanation of how it was completed. Ask if the system integrates with other solutions commonly used in your industry and if the workflows will need to be modified in any way.

Can you provide an example of a workflow and alert that prevents an out-of-stock condition from occurring?

If the inventory management software companies you’re speaking to offer alerts, they should have no problem providing you with a demo. Ask what makes their approach error proof, as incorrectly diagnosing a potential out-of-stock condition can have costly effects on overall inventory levels. You might also want to ask if the alerts can be customized to suit your current operations and if users can access past alerts.

Can your system be configured to fit my current operations?

The most basic systems use predefined frameworks, while sophisticated systems provide more flexibility through customization. Make sure your system provides the level of configuration needed to suit your operations. Ask the vendor if any case studies exist that can demonstrate the versatility of the system.

Inventory Management Software Report

Expert recommendations and analysis on the top Inventory Management Software

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Related Content

Last Thoughts

Inventory management systems are a smart choice for businesses looking to grow past the limitations of spreadsheets. In order to get the most out of their next system, buyers should do diligent research on the options available to them and perform a thorough comparison. SelectHub’s inventory management software comparison report is an excellent resource to use when starting the selection process. Use it to better understand today’s market and the biggest players in inventory management.

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Inventory Management Software

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Shipedge Software

User Satisfaction:
91%

Shipedge is a cloud-based warehouse management solution for small, midsize and large enterprises. It caters to e-commerce warehouses, fulfillment service providers, third-party logistics companies (3PL/4PL), omni/multi-channel retailers, distributors (FC/DC), e-fulfillment centers and light manufacturers/assembly houses. The solution helps to manage warehouse stock, automate fulfillment and integrate software tools (i.e. QuickBooks). Shipedge's order management system allows users to manage information from suppliers, shipping carriers and consumers. Shipedge OMS offers real-time reporting, forecasting, back orders and reverse shipping features. It integrates with Amazon, Shopify, eBay, BigCommerce, WooCommerce, Magento, Walmart and many other selling channels. Other features include multi-warehouse management of fulfillment networks, 3PL/4PL billing solutions, shipping management, manufacturing BOM/MFG, dropshipping, order routing and more. Shipedge’s Android app has handheld barcode/RF scanning and other complementary features.

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Bellwether Purchasing and Inventory Software

User Satisfaction:
90%

Rated #1 for small to midsize businesses who create 50-1000 PO's a month. Proven over 32 years by 1000+ customers like Casio, Aramark, NY State Health Dept, Duke Power, Dart Container, Goodwill, Liberty Academy, Lifelong Health, Coca-Cola, Kraft, Comcast, ATT, Brookdale Senior Living, Baxter, HP, US ARMY, Churchill Downs Gaming, Budget Hotels, Florida Tile, Kaiser Permanente....... FREE, Basic, and Professional software that will fit your business needs with the Only Money Back Guarantee!

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FinancialForce Financial Management

User Satisfaction:
67%

FinancialForce Financial Management can accommodate the most diverse and complex financial needs. The perfect complement to Salesforce CRM, it brings back office data to the front, allowing companies to align sales, services and finance on a single cloud. It includes advances like a single ledger design and a multidimensional chart of accounts, which give you real-time business intelligence and help shorten period close cycles.

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Microsoft Dynamics AX

User Satisfaction:
87%

Microsoft Dynamics AX is an ERP solution for multi-site, international enterprises. With comprehensive capabilities for financial, human resources, and operations management, in addition to industry capabilities for retailers, manufacturers, service industries, and public sector organizations, it provides the agility you need to expand business opportunities, modify processes, and differentiate your business.

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CoreIMS EE

User Satisfaction:
n/a

CoreIMS EE was designed to addresses a comprehensive set of warehouse/stock management needs from stock initialization through order processing across multiple warehouses. Site, location, and status information tracked by CoreIMS EE allow provide the level of detail required to manage the warehouse efficiently and effectively.

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JDA Inventory Optimization

User Satisfaction:
n/a

To maximize supply chain performance, companies are faced with the challenge of maintaining a profitable balance among speed, service levels, and the risk and cost of stock deployment. JDA’s inventory management solution (JDA Inventory Optimization) provides companies with end-to-end capabilities for managing stock strategy, planning and execution, enabling them to achieve superior service levels, gain market share and reduce costs.

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ProContractorMX

User Satisfaction:
n/a

Maxwell Systems ProContractorMX is a complete construction software solution for end-to-end control of critical business operations and seamless workflow – from takeoff and estimating through job cost accounting and project management, and ultimately for critical reporting and analysis. It’s a flexible solution that you can grow into as your business needs change.

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Inventoria

User Satisfaction:
n/a

Inventoria is professional stock tracking software for small to medium businesses across one or several locations. Inventoria is designed to be as intuitive to use as possible, so after a quick installation, you’ll be streamlining your product processes within minutes.

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Netsuite Supply Chain and Inventory Management

User Satisfaction:
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NetSuite supply chain management software offers a complete set of stock management, manufacturing and purchasing capabilities that helps move product to the right place, at the right time, at the right cost. Gain an in-depth, real-time view into key supplier, storage and shop floor performance indicators. Self-service capabilities for partners, vendors and customers improve collaboration throughout the entire supply chain. With NetSuite, you'll be able to better manage stock levels and costs—and better meet fulfillment expectations, improving customer service.

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RedBeam Inventory Tracking

User Satisfaction:
n/a

RedBeam Inventory Tracking comes in two versions, standard and mobile. The standard editions of the software allow for data collection using cabled barcode scanners attached to PC workstations. The mobile editions allow for data collection using cabled barcode scanners attached to PC workstations as well as the ability to collect data on scanner-enabled mobile computers.This powerful fixed asset tracking solution supports Windows XP, Server 2003, Server 2008, Vista and Windows 7.

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SpaceTRAX

User Satisfaction:
n/a

The RFID-based SpaceTRAX® Point of Use™ inventory management system, available in North America and Europe, seamlessly links supplies to physicians, patients, and procedures. This advanced management system uses bar coding and RFID technology to increase charge capture, reduce excess stock, and increase product turns.

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iMagic Inventory

User Satisfaction:
n/a

iMagic Inventory Software is the most cost effective and flexible control and invoicing software system available for Windows. With perfect reviews from independent reviewers Tucows, UK Wares, Brother Soft, Sofotex and File Transit. iMagic Inventory is your solution that will help you to stay one step ahead of the competition.

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inFlow

User Satisfaction:
n/a

inFlow is stock management software designed for small to mid-sized businesses. By using inFlow, you can save time on paperwork, fulfill customer needs more accurately, and free up cash held in excess storage.

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Inventory Pro

User Satisfaction:
n/a

Inventory Pro, can be used to manage all aspects of manufacturing, distribution and stock storage. Inventory Pro is available for Windows, on the Web (IPOL), for Mobile, and for Handheld Scanners.

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Megaventory

User Satisfaction:
n/a

Megaventory provides you with a unique combination of technology and usability so that you can focus on what matters: your business! Effortlessly monitor and expand the operations in your network - all from a single system while providing your staff with just the right access they need.

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Pomodo

User Satisfaction:
n/a

Pomodo Software is modular and built to be a scalable solution. We don't believe that "one size fits all" when it comes to smart software for business, so our Pomodo Tech Software modules allow you to choose only what you need and expand your solution as your business grows!

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Stitch Inventory

User Satisfaction:
n/a

Selling products may be the focal point of your business, but how are you thinking about your stock? How are you making sure that numbers are accurate, orders are being processed correctly, and your customers are getting what they need? Expand your awareness and gain control with Stitch.

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TradeGecko

User Satisfaction:
n/a

Manage all your sales, stock, accounting, shipping and customer data from a single place. Simplify operations for your growing business- TradeGecko takes care of your orders so you can do what you love.

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NetSuite WMS

User Satisfaction:
n/a

Smart businesses understand that controlling product, fulfillment and shipping costs is essential for success. Companies are constantly striving to improve their warehouse operations by increasing agility, visibility and labor efficiency. This requires use of best practices combined with a sophisticated Warehouse Management System (WMS) that optimally manages all resources within the distribution operations while minimizing the total cost of operation or ownership (TCO).The NetSuite WMS solution enables organizations to optimally manage their distribution operations with RF device directed putaway and picking tasks driven by customized user defined strategies and advanced capabilities like wave management, cartonization, cycle count planning, real time stock updates and integration with shipping systems.

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FreshVu2Go

User Satisfaction:
n/a

FreshVu2Go is a unique online software solution that accomplishes more for you in less time, increases your control and simplifies management from anywhere at anytime.

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Jada Management VMI

User Satisfaction:
n/a

The purpose of Vendor Managed Inventory partnership programs is to electronically share information between members of the supply chain resulting in shorter lead times, reduced stock, reduced obsolescence, and more efficient manufacturing. The up-stream member of the supply chain (the supplier) takes on more decision making for what to supply to the customer. The result is a more leveraged relationship for the supplier and improved service for the customer.

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Lead Commerce

User Satisfaction:
n/a

Manage your stock keeping units (SKUs), purchasing, suppliers, warehouses and transfers with lead commerce. Our software creates Work Orders for the items that you carry that must be assembled prior to shipping. This is extremely helpful for items that require pre-configuration or that pull stock from other items to make the finished product. Using our software, you can create as many "Assembly" products that you need and build work orders (bill of materials) to create the finished product.

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Ordoro

User Satisfaction:
n/a

Ordoro’s Unified Inventory acts as a central hub for all of your shopping carts and marketplaces, monitoring changes as orders come in and products are restocked, and pushing updates out to all of your storefronts

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SalesBinder

User Satisfaction:
n/a

Manage your product and check your supply levels in real-time. Receive optional notifications when specific stock levels get low. Quickly see everything you need to know about your specific items. Who supplies it, what it's currently selling at, how many you have in stock, how many you have back-ordered in purchase orders and when they're supposed to arrive.

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SIMMS Inventory Management

User Satisfaction:
n/a

SIMMS Inventory Software can provide you with the advanced functionality you require enabling you to regain control of your profits. SIMMS Software has a proven track record of helping companies of all industries manage their business more efficiently for over 10 years. We provide complete business software systems for a diverse array of businesses.

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Unleashed

User Satisfaction:
n/a

Unleashed Software is the world’s easiest management solution to help your business grow. Unleashed makes product management easier and efficient, allowing you to take control of your stock health and scale your business with confidence.

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Veeqo

User Satisfaction:
n/a

Manage and grow your ecommerce businessVeeqo includes everything any online retailer needs to run a successful business. View multichannel orders in a single platform, keep stock levels 100% accurate, ship orders in bulk and view sophisticated sales reports.Why Retailers Love Veeqo:Every order in one place - Veeqo syncs every order from each of your sales channels into one centralised platform. Save time, eliminate human error and never miss an order again.Never oversell - Veeqo automatically syncs stock levels across all sales channels in real-time. Keep stock perfectly aligned through your entire operation and never oversell again.Pick orders fast accurately - Veeqo gives you the best route to pick every order on its smartphone app or VS1 Scanner. Get orders out to customers quicker and with fewer errors.Ship in seconds - Veeqo integrates with nine world-leading shipping partners. Manage all your shipping directly in Veeqo and get orders out the door with just a few clicks.Enterprise ReadyDesigned to scale as your business growsVeeqo has been built specifically for large online retailers. Your business is complex and you need a solution that can handle its continual growth.The World's #1 PlatformAn essential tool for ecommerce successVeeqo is jam-packed with world-class features for ecommerce retailers who want to streamline their business, become more efficient, manage everything all in one place and increase their profits.List to MarketplacesGenerate more sales for your eCommerce brandVeeqo makes it easy to open up new sales channels. Push your products up to Amazon and eBay at the click of a button and increase your sales instantly.

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QR Inventory

User Satisfaction:
n/a

QR Inventory is a connected cloud-mobile asset and management system. It uses smartphones and QR code / barcode / NFC tags scanning to keep track of assets. Using QR Inventory, your employees can process assets transactions on site in real time by scanning QR code / barcode label or NFC tag with their smartphone. Results of the transaction are immediately available to all authorized users in real time anywhere.You can customize QR Inventory to fit your business model and workflow by defining what do you want to track, record and report via the web interface. Create custom transactions, forms that employees need to fill out on their mobile devices, custom fields for assets and more.Smartphone with QR Inventory mobile application will replace barcode scanner, mobile computer, camera and GPS device for your field technicians. They will be able to scan QR code on the item to see detailed information (specs, manuals, drawings - anything that they need to know), process transaction, check item stock and locations, fill out and submit relevant forms. And you won't need to spend a dime on hardware and consultants.QR Inventory has a built-in QR code generation tool, that allows you to generate, lay out and print QR code labels for your assets.Comprehensive reports allow you to review and export data on count, locations, transactions history and usage. You can filter reports by the custom fields you created, producing exact information you need.

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eTeClinic

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eTeClinic is the first all-in-one Healthcare Business Management software. This means Electronic Health Records, Practice Management, and automated business functions such as HR, Payroll, Inventory, Accounting, and more. eTeClinic saves you hours each day by using your EHR/PM/RCM data to complete these important, time consuming tasks, and generates reports you can use to enhance and grow your healthcare institution. TecNex provides everything you need in One Platform, One Company, One Solution.

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BizSlate

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BizSlate is a cloud-based management solution which measurably helps small and medium-sized wholesale businesses in the apparel, footwear, accessories, housewares, and consumer goods industries increase revenue and profit by improving operational and supply chain efficiency. BizSlate seamlessly integrates with QuickBooks Online (QBO), Ecommerce platforms (e.g. Shopify) and EDI systems to accurately synchronize real-time data across all sales channels.

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Epicor POS and retail business management software

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Epicor Eagle N Series is a fully-integrated retail management system, with built-in best practices and cloud based availability, designed for small to mid-sized businesses. Thousands of customers rely on Epicor Eagle N Series to operate more efficiently and grow revenue and profits. Deliver exceptional customer experiences at checkout and beyond with advanced POS and mobile technology Boost margins and profits with integrated inventory management, purchasing and receiving tools Optimize inventory and overall business performance by making fast, informed decisions using intuitive, on-screen analytics Cut costs while providing exceptional customer service by seamlessly taking advantage of online, mobile and wireless technologies.

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MobilityeCommerce Inventory

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Mobilizing Marketplaces to maximize Growth through automation ERP Integration and Social Commerce Our award-winning, software platform MobilityeCommerce provides the power, speed, intelligence and control to effectively merchandise your catalog everywhere shoppers make purchase decisions in-store online and worldwide.

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Workteam Planner

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Workteam Planner provides teams with an incredibly visual way to collaborate together on projects. With just a few clicks you can create a new plan, build a team, assign tasks and keep everyone up-to-date with the progress of work.

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VasyERP

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VasyERP is one of the best Cloud-based ERP system for SMEs, Large Enterprises, Manufacturers, Service providers.

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SAP Business One Inventory Management

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The SAP Business One application helps streamline your management processes. It can help manage detailed warehouse data, optimize stock locations, track and record stock movements, and execute production orders.Real-time management:Inventory represents one of the largest expenses for many small and midsize businesses. Balancing accurate management with cost-effective production is crucial for delivering on promise and keeping customer satisfaction high. The SAP Business One® application offers best-practice functionality to help you meet your management requirements.SAP Business One Inventory Management Cost of OwnershipTypical pricing/cost structure for Microsoft Dynamics AX:License/Subscription CostSubscription cost is based on the number of users Maintenance CostSAP charges for their regular maintenance, software upgrades, and security enhancements is 18% of annual subscription costInstallation/Implementation CostImplementation is charged at $185.00 per hour. Software can be implemented in 8-12 weeks, the time frame varies with each company’s projectCustomization CostCustom Programming: $185/hourCustom Integration: $185/hourAdd-Ons: $185/hourData Migration Cost/Change Management/Upfront Switching CostDependent on your current software, amount of data to be migrated, complexity of the data fieldsTraining CostWeb-based training included in the subscription costRecurring/Renewal CostsAnnual recurring fees to be paid over and above the upfront cost for annual renewal, upgrades and on-going supportPricing DetailsCategoryDescriptionPrice/DetailsSubscription Cost1 user1 inventory location300 productsProfessional SAP B1 user: $3,000 per userLimited CRM user: $1,500 per user Limited Financial user: $1,500 per userLimited Logistics user: $1,500 per user Starter Package user: $1,000 per userDeployment OptionsWhat options are available for product deployment?Cloud-based/SaaS and On-PremisePricing ModelWhat is the pricing model?Subscription-basedMinimum CommitmentIs there a minimum monthly or yearly commitment required for purchase?Typically, on-premise model comes with a commitment of 1-3 years, whereas SaaS based subscription does not require a minimum commitmentCustom QuoteIs there an option of requesting custom quote?YesFree Trial Does the vendor provide a free trial option?YesProduct LimitationsSome of the product limitations include:The solution does not have a native application to manage eCommerce salesDoes not provide users with the flexibility to choose modules or functionsDoes not support scheduling capabilitiesDoes not deploy advanced picking technologies such as voice picking and pick-to-lightCompetitorsMicrosoft Dynamics AXNetsuite Inventory ManagementFishbowl Inventory

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Finale Inventory

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Centralized TrackingKeep track of your product in one location with Finale Inventory. Sync both your offline and online orders in one central location. For online sales, Finale will sync with your shopping cart (e.g, Volusion or Magento) and marketplaces (e.g. Amazon and eBay) via the ShipStation inventory management integration.With ongoing receiving, picking, and stock transfer operations occurring in your warehouse, employees in remote locations are always able to get a real-time view of stock counts via any Internet-connected device.Get a quick snapshot of how much product you have on hand (QoH) and how much product (Avail) you have available to promise. The available to promise count enables you to allocate stock from existing stores and committed purchase orders.Easy Migration From Excel (or other management systems)Finale Inventory was designed to accommodate companies that used Excel as their initial management tool and need to migrate to a management system to support their growing business. We built the management software to allow businesses to migrate from Excel in as little time as possible. Finale Inventory can bulk import your customers, suppliers, and product files to expedite the set-up process. If you are currently using a different software system and are considering migrating over to Finale Inventory, the process is similar as most packages can export files in Excel or csv format. Watch the video to see how you would import data.Seamless QuickBooks IntegrationFinale Inventory was been designed to manage your stock and integrate in real time directly with your QuickBooks / QuickBooks Online accounting system. The integration is seamless and the benefits to your business are immediate. Save time and avoid errors from duplication. No re-keying of information required.Multi-location SupportAs companies grow, businesses typically will add new locations to support their operations. But keeping track of product among multiple warehouses can be challenging and more complex. Finale Inventory solves this problem with tracking tools that allow you to: Monitor levels by locationReceive or pick products at each locationQuickly transfer products from one location to another

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Pricing & Cost Guide

See the Price/User for the top Inventory Management Software … plus the most important considerations and questions to ask when shopping for Inventory Management Software Systems

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