Inventory holds the valuable assets and resources of your business. It has the complete items you purchase and save for business purposes. If you have massive inventory items, you might need to use inventory planning software to help you think before you act. You can continue reading below to learn more. 

Inventory Planning Software

10+ Best Inventory Planning Software

1. NetSuite

netsuite

Details

Rating: 4.3/5

Price: $499.00/Month

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2. Fishbowl

fishbowl

Details

Rating: 4.3/5

Price: Custom

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3. GoFrugal

gofrugal pos

Details

Rating: 4.4/5

Price: Custom

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4. Unicommerce

unicommerce

Details

Rating: 4.2/5

Price: $100.00/Month

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5. Caspio

caspio

Details

Rating: 4.6/5

Price: Free

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6. Sellercloud

sellercloud

Details

Rating: 4.5/5

Price: Custom

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7. Agiliron

agiliron

Details

Rating: 4.5/5

Price: $99.00/Month

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8. Megaventory

megaventory

Details

Rating: 4.5/5

Price: $150/Month

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9. Zoho Inventory

zoho inventory

Details

Rating: 4.5/5

Price: $59.00/Month

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10. EZRentOut

ezrentout

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Rating: 4.7/5

Price: Custom

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11. EZOfficeInventory

ezofficeinventory

Details

Rating: 4.6/5

Price: $35/Month

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What is Inventory Planning Software?

Planning is one of the most crucial initiatives in business operations. Thinking before you act saves you from overlooks and errors that can lead to negative results. Evaluating inventory is complex most of the time as it is challenging to scroll and examine every detail. For this reason, experts developed inventory planning software to help you analyze your items and plan on what you need to buy, sell, and save. This technological tool offers multiple advanced features and functionalities with accurate data analytics and analysis aiding you to improve decisions and purchasing operations. 

Benefits

As we all know, manual methods will never suffice in modern business functions. You will need solutions that untangle most complexities and boost operations. Inventory planning software helps you in brainstorming, budgeting, and forecasting, which improves inventory management and control at the same time. With this tool, you can have a complete grip with swipes and taps.

Features

Several technology firms that developed inventory planning software offer similar and different features and functionalities. The software has the same goal but functions differently. Their quality depends on their given tools and features. As you know, not all platforms deliver what they promise. For this reason, it is essential to research the software’s capabilities and performance to ensure you only choose the best software. You can read user reviews containing the software’s pros and cons or try free trials and versions to test them firsthand. Below are features you might need:

Top 10 Inventory Planning Software

1. NetSuite

NetSuite from Oracle includes 3PL management, approval possess control, backorder management, fraud detection, and more advanced features. Oracle has annual revenue of $46.5 billion and 224,312 employees.

2. Zoho inventory

Zoho Inventory from Zoho Corporation includes shipping management, product identification, real-time synchronization, and more contributive features. Zoho Corporation has annual revenue of a billion dollars and 7,023 employees.

3. GoFrugal

GoFrugal includes delivery management, online ordering, point of sale (POS), warehouse management, and more innovative features. GoFrugal Technologies has annual revenue of $61.3 million and 423 employees.

4. Caspio

Caspio includes activity dashboard, backlog management, policy management, client portal, data visualization, and more contributive features. Caspio has annual revenue of $45.1 million and 283 employees.

5. Unicommerce

Unicommerce includes email marketing, marketplace integration, inventory optimization, inventory control, order fulfillment, and more helpful features. Unicommerce has annual revenue of $28.2 million and 311 employees.

6. Fishbowl

Fishbowl includes supplier management, eCommerce management, order management, reporting/analytics, and more valuable features. Fishbowl has annual revenue of $25.7 million and 177 employees.

7. Sellercloud

Sellercloud includes eCommerce management, reorder management, product identification, warehouse management, and more advanced features. Sellercloud has annual revenue of $11.5 million and 79 employees.

8. Megaventory

Megaventory includes accounting integration, demand forecasting, inventory optimization, enterprise resource planning (ERP), and more helpful features. Megaventory has annual revenue of more than $5 million and more than 25 employees.

9. EZRentOut

EZRentOut from EZOfficeInventory includes asset tracking, inspection management, contract/license management, and more logical features. EZOfficeInventory has annual revenue of $3.3 million and 23 employees.

10. Agiliron

Agiliron includes gift card management, employee management, order tracking, sales reports, order entry, and more valuable features. Agiliron has an annual revenue of $1.4 million and ten employees.

FAQs

Why is inventory management important?

Inventory management is critical when operating a business as it helps the company understand its stock flow and gain accurate inventory data leading to more improved inventory control. This process offers insight regarding the needed resources, idle items, and valuable assets. Good inventory management ensures you have balanced resources and company assets.

What is inventory?

Regardless of the size, companies or small businesses have inventory to store their stocks, ingredients, goods, and other resources needed for their business operations and products. It is a critical element as it allows companies to acquire resources accurate details, and records to brainstorm and plan in resourcing or procurements.

What is inventory control?

The practice of controlling and maintaining inventory items is referred to as inventory control, as the name suggests. Having a grip on your inventory helps you understand its flow leading you to determine what lacks your inventory management. Inventory control is a crucial component in every business as it allows companies to know their inventory flow.

Manually managing and examining your inventory critical factors is never simple. As the world advances with technology, business competition is amplifying. For this reason, it will be a wise choice to rely on innovative solutions. Inventory planning software provides data analysis and comprehensive details leading you to decide confidently. With this technology partner, you can manage, control, and plan for top-quality inventory. 

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