Whether a business is small or big, it’s important to establish an organized system where inventory stocks are monitored. With inventory management software, businesses can keep track of their inventory easily with automated tools available. Here are some of the best inventory management software available right now.


10+ Best Inventory Management Software For PC

1. InFlow Inventory

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Rating: 4.6/5

Price: $89/Month

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2. Fishbowl

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Rating: 4.2/5

Price: Custom

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3. O4S

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Rating: 4/5

Price: Custom

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4. BoxHero

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Rating: 4/5

Price: $16/Month

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5. Zoho Inventory

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Rating: 4.3/5

Price: FREE

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6. Odoo

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Rating: 4.2/5

Price: $6/Month

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7. Delivrd

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Rating: 4/5

Price: $49/Month

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8. Vend

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Rating: 4.2/5

Price: $119/Month

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9. SleekBill

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Rating: 4.4/5

Price: FREE

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10. Invoice Expert

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Rating: 5/5

Price: $69.95/Year

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11. Goods Order Inventory

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Rating: 4.5/5

Price: Custom

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What Is Inventory Management Software?

Inventory management software is an ERP software that businesses use to manage and track inventory, purchases, sales, and delivery with the use of inventory management software. Businesses frequently utilize inventory management software to find and fix inefficiencies in the transfer of merchandise between sites.

Benefits

Inventory management software enhances the way businesses keep track of their inventory and stock. The warehouse inventory management software also helps businesses lessen the chances of incidents of their stock inventory being stolen by pirates. The software also improves the supply chain visibility for the business’s suppliers. The inventory software management platform also helps businesses improve their financial performance and increase their revenue and profits. The software also provides better accuracy of financial reporting for accountants.

Features

Inventory management software should have inventory auditing tools where it can conduct routine audits of inventory records and notify management of any errors or process flaws. The software should have inventory control tools where it can reduce incidences of overstocking and understocking by optimizing inventory levels. The IT inventory management software should provide product categorization tools where it can categorize products based on characteristics such as weight, height, lot, batch, date, and serial number, and keep an eye on the inventory. The software inventory management platform should have order management software tools where it can create, examine, and change suppliers’ paperless purchase orders. The software should also have reporting tools where it can summarize and assess inventory performance. Some sophisticated platforms feature real-time data collecting and data visualization software tools. The inventory management system software should have filter search tools where it uses features such as location, product type, serial number, and size to narrow searches for products in the inventory.

  • Inventory auditing tools
  • Inventory management tools
  • Categorization tools
  • Order management tools
  • Reporting and data analytics
  • Filter search tools

FAQ

What considerations should users of inventory management software be aware of?

Users of inventory management software should be aware that it integrates well with accounting software where both software can work together to keep track of the remaining available stock and how much they need to pay back to their suppliers. Users should also be aware that owning an inventory management software means they need to consider the costs of ownership of the products they are providing as well as the logistics of taking care of the inventory.

Users of inventory management software should be aware that advanced data analytics tools make it easier for businesses to keep track of the demands of their products, as well as tools such as data visualization that make it easier for companies to be aware of current trends. Users should also be aware that IoT software will help boost the automated tools of inventory management that make it easier for companies to organize their stock inventory.

How much does inventory management software cost?

Pricing for inventory management software can range from free to $119 per month or more with some software offering custom pricing, which increases its pricing as it offers more features through subscription tiers. Pricing for inventory management software varies depending on the features available and the intended users. Small companies may benefit from low-cost inventory management software while large companies may benefit from a high-cost inventory management software.


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