Top 12 Inventory Management Software For Small Businesses!

Inventory management for small businesses is like a digital tool that streamlines your inventory operation. You can optimize, track products, order, and organize business goals.

If you choose to integrate inventory management for your small business, it can help you effectively monitor your stock, track product movement, and automate your inventory.  

For small businesses, inventory management can be a suitable solution for many reasons.  

Suppose you are having issues managing your stockouts. Inventory management can help you manage your stock and your overstock situations. Moreover, you can reduce the carrying cost and human errors from your operation.  

However, small businesses often face issues finding suitable inventory management software for various reasons. They look for customizable software, which is rarely seen. Additionally, the vast amount of inventory management software overwhelms them. 

But I have a solution for you.  

In this article, I have curated the top 12 inventory management software to help you choose the suitable one. I will also discuss their features and provide additional tips to guide you in great inventory management.   

What Is Inventory Management?

Inventory management includes ordering, storing, managing, and selling the company?s inventory.  

A business can choose inventory management to manage its raw materials, various components and the ultimate product. Businesses also manage their warehousing and processing of such items through inventory management.  

Top 12 Inventory Management Software For Small Businesses

If you are looking for suitable software to manage your inventory, here?s a complete list of the top 12 inventory management software that can align with small business needs. Read on… 

Zoho Inventory

Zoho Delivery is very popular as inventory management software for small businesses. The user-friendly software provides many features that empower small business owners to handle their inventory efficiently.  

The software is useful for managing serial batch tracking, invoicing, and sales orders. This cloud-based inventory ensures better accessibility for small and medium-sized businesses.  

The platform creates online and offline sales channels for your small business to make it more versatile.  

NetSuite

Netsuite is a cloud-based ERP software suitable for businesses seeking a comprehensive solution. It can offer features beyond inventory management, such as finance, e-commerce functionalities, and CRM.  

The software offers better scalability, ensuring your business growth and helping you accommodate changes.  

NetSuite offers you real-time inventory visibility to all the inventory levels. This inspires the small business to make informed decisions. You can also overcome stockout or overstock situations with the help of NetSuite.  

QuickBooks Commerce 

QuickBooks Commerce is a crucial software for inventory management for small business. The software has seamlessly integrated Quickbooks, which has helped them streamline their accounting and inventory operations.  

The platform also helps with real-time visibility for order fulfillment, better supplier management, and inventory levels. The user-friendly interface and automation add more value to the application, turning complex tasks into simple inventory management. 

It also helps in reducing artificial errors.  

Katana 

If you are looking for potential software that can help you with live inventory management and production planning, Katana may be a good option.  

With the intuitive interface and real-time updates, Katana can manage stock and prevent stockouts from your inventory.  

Katana’s live inventory management can help you with complete visibility of raw materials and updates on restock requirements. It can also help you centralize order fulfillment operations from all kinds of sales channels, which is further helpful in managing orders in different locations.  

Click Up 

ClickUp is software for inventory management for small businesses. It can help companies of all sizes manage their e-commerce businesses and product inventories.  

The Software is coupled with ClickUp?s project management solution. This can help you streamline your inventory, track it, and manage the entire workflow.   

Other than that, accurate inventory data can help you synchronize the data and optimize the operation to make informed decisions.  

Orodoro 

Ordoro is versatile inventory management software for small businesses. It helps streamline the inventory process and overall ordering.  

With Ordoro, you can easily manage your multichannel order management. The platform also offers automation for shipping and fulfillment. You can also find effective tools and techniques to help you manage suppliers. 

Moreover, you can get valuable insight into inventory and order management, leading to strategic decision-making.    

SKULabs 

SKUlabs shows dynamic inventory management for small businesses. You can use SKUlab to ensure effective shipping and fulfillment as a small business owner. The software also allows you to scan barcodes for effective inventory tracking.  

The software will allow you to automate and streamline the total workflow. It also helps with real-time stock alerts.  

As for integration, the software allows you to integrate with various e-commerce platforms and shipping carriers for a seamless data flow. 

In this way, you can also enhance the efficiency of your operation.      

Cin7 

Another cloud-based software for inventory management for small business, Cin7, provides an understandable solution. It helps with diverse products and sales channels and offers real-time data synchronization to streamline complex processes.  

With Cin7, you can manage your warehouse, automate inventory operations, and reduce manual efforts.  

Moreover, the software also offers you a built-in POS or point of sales system. You can use the POS to manage online and offline sales using one platform.      

Linnworks 

Linnworks is known for being a comprehensive and cloud-based software that allows you to manage inventory management for small businesses.  

As inventory management software for small businesses, Linnworks excels in various robust features to prevent stockouts. You can also get features such as order processing and multichannel selling to focus more on growth. 

This software also helps to automate repetitive tasks, ultimately saving time for you and reducing artificial errors.    

Acumatica Cloud ERP 

Acumatica Cloud ERP also provides inventory management services as cloud-based enterprise resource planning software. If you are looking for software that can connect multiple nodes and workflows, Acumatica Cloud ERP can be an ideal match.  

You can easily measure the inventory levels, which increases traceability and helps you to achieve suitable warehouse management.   

inFlow Inventory 

inFlow Inventory is known as a comprehensive e-commerce inventory management software.  

If you are looking for software that can streamline the stock control of your small business, the inFlow can be a good choice for you. 

This software helps you scan barcodes, manage warehouses in multiple locations, and effectively track, reorder, and optimize your inventory.    

Sage Inventory Advisor 

Sage Inventory Advisor is known for being a smart inventory management tool that you can use for e-commerce business.  

You can use the management software for advanced forecasting. This will further help you to optimize your inventory, reduce overstocking, or manage stock out.  

The Benefits Of Using Inventory Management Software 

If you are a small business owner, you already know the value of inventory management, whether in the retail sector or food services; the input and final products are the core parts of a business.  

Thus, an inventory shortage can lead to harmful consequences for the business and its revenue generation. 

This is why companies that store products and parts must integrate inventory management software to ensure their profitability. Moreover, inventory management can ensure that the operation runs smoothly.  

Here are the five major benefits that can be achieved with the help of inventory management software:  

• Inventory management software can help in improving demand planning.  
• It can help you improve quality control and compliance to carry out all of your tasks.  
• With inventory management software, companies can save money from their ongoing operation.  
• Inventory management software also increases the efficiency of the management. 

For example, you can use mobile phones to scan product bar codes in a warehouse. You can also manage the inventory through the software. In this way, you can reduce the paperwork.  

• Inventory management software allows you to improve your customer service.  

Being a small business owner, you wouldn?t just want to tell your customers that products are out of stock. With the inventory management software, you can easily check your inventory levels and keep your stock up to date.  

Related: How Inventory Scanners Can Benefit Businesses

Useful Tips For Inventory Management Software For Small Business 

Before integrating inventory management into your operation, follow these tips to optimize business costs, meet customer demand, and improve cash flow.  

• Always choose the right method for your inventory. There are various strategies, such as push, pull, or just-in-time. Choose which one suits you.  
• Accurate forecasting is crucial when managing inventory. Understand and predict demand using software to avoid stockouts or overstocking.  
• Consider using the Just-in-time strategy. This can help you reduce storage costs by manufacturing products only when it is in demand.  
• Maintain your focus on quality control. This can help you to prevent refunds and customer dissatisfaction.  
• You can initiate drop shipping. This method eliminates the need to hold physical inventory for all products.  
• While managing your inventory, it is important to identify the discrepancies and maintain proper accuracy.   

Read Also:

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