Everything is clicking and whirring together like clockwork in a manufacturing facility. A bunch of raw materials on one end, something whole and useful on the other. The process to get from one to the other is complex. But with manufacturing inventory software in hand, managing the inventory of raw materials to work-in-progress to finished goods becomes a more streamlined process.
10+ Manufacturing Inventory Software
3. DEAR Systems
7. Blue Link ERP
8. QuickBooks Desktop Enterprise
9. E2 Shop System
10. inFlow Inventory
11. Katana MRP
What Is Manufacturing Inventory Software
Manufacturing inventory software makes the manufacturing process easier by monitoring inventory levels in real-time. This helps optimize supply levels so that manufacturers will always have what they need as orders are placed, without tying up capital in excess parts or ingredients. Manufacturing inventory systems also allow the identification of on-hand inventory balances, which is essential in financial planning.
Manufacturing inventory management tools also track raw materials and stocked items. Additionally, these systems also record work-in-progress (WIP) items, finished products, and more.
Reducing excess inventory and being able to manage stock levels with an automated system is the key for manufacturers to remain competitive in today’s global economy. And, with a manufacturing inventory tool in place, manufacturers can reduce the amount of time spent processing and recording. Besides increased time savings, these systems also improve inventory accuracy since it allows fewer manual entry, which is error-prone.
Most manufacturing inventory SaaS systems track purchased material and stocked items by lot number and/or serial number. Manufacturing inventory management solutions use those numbers to monitor and locate in-stock items and produce picking information for item retrieval. These systems also have barcode or radio frequency identification (RFID) functionality to scan items received, picked, or transferred. Aside from items, manufacturing inventory management systems can also track purchase orders and other key information useful for accounting.
Top 10 Manufacturing Inventory Software
1. Fishbowl Inventory
When companies integrate their QuickBooks (Pro, Premier, or Enterprise) with Fishbowl Inventory, they won’t have to worry about the manufacturing inventory control functions anymore. Fishbowl Inventory will take over all those functions from QuickBooks and the QuickBooks inventory functions are turned off and parts are no longer tracked in QuickBooks. Fishbowl Inventory received good reviews and ratings from its users and generates $4.6M in revenue.
EnterpriseIQ offers business management functionality from a single source, on a single database. With good reviews and ratings, EnterpriseIQ generates $5M in revenue.
Unleashed is a cloud-based inventory management system that offers you complete visibility in your inventory, real stock control, track stock across multiple locations, and more. Implement Unleashed in your inventory management systems today and experience the difference.
Unleashed has 107 employees and makes $10.4M in revenue.
Acctivate is a powerful, easy-to-use, and affordable inventory and business management software designed for growing small to mid-sized distributors, wholesalers, and online retailers using QuickBooks.
6. Blue Link ERP
Blue Link ERP is an integrated inventory and accounting ERP suite designed for distribution/whole trade companies. Blue Link ERP has core robust functionality for wholesale and distribution with specialized functions such as landed cost tracking, lot tracking, eCommerce integration and import, and export functionality.
7. Katana MRP
Katana MRP is a smart and visual manufacturing software designed for scaling manufacturers using Xero or QuickBooks and selling on eCommerce. This suite makes production management and raw material inventory control easier than ever.
8. QuickBooks Commerce
QuickBooks Commerce is a powerful cloud-based inventory and order management tool that combines manufacturing, sales channels, inventory locations, and currencies. This allows you to manage every product, order, and customer, in one place.
9. Passport Business Solutions
Passport Business Solutions is an integrated software tailored to offer greater control over your company’s operations and profitability. Passport Business Solutions has 33 employees and makes $52M in revenue.
10. inFlow Inventory
inFlow Inventory is an inventory management solution that is available as an on-premise or cloud-based solution.
How Do Inventory Systems Track Purchased Materials and Stocked Items?
Most inventory management systems use lot numbers and/or serial numbers to track and locate in-stock items and produce picking information from item retrieval.
What Does Flow of Manufacturing Costs Mean?
Flow of manufacturing costs refers to the list of manufacturing expenses and how much is allocated to each aspect of production.
What Is a Manufacturing Statement?
A manufacturing statement is a document that summarizes all manufacturing costs and activities for a given business.
At the end of every manufacturing inventory management process, you want an inventory and manufacturing report. This report will provide the values of sales and product inventory for manufacturers, in conjunction with indicators of economic growth or decline like sales ratios, sustainability of inventories, and rates of change. With a manufacturing inventory solution in place, you can begin beautiful friendships.
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