As a business owner, it can be difficult to choose the right inventory management software for your business in 2023. With so many options out there, it can be difficult to narrow down which one is the right choice for you. In this blog post, we will look at the 10 best cloud-based inventory management software available in 2023.
We will discuss the features each software offers and how they can help you manage your inventory across multiple channels. By the end of this post, you will have the knowledge you need to make an informed decision about which inventory management software is the right choice for your business.
Types of Inventory Management Software
When it comes to inventory management systems, there are a few options available. To determine which one is right for your business, you need to consider the type of inventory you manage and the scope of your operations. Here are a few of the most popular types of inventory management software:
Manufacturing: Manufacturing inventory management systems are designed for production-based businesses, such as those in the automotive, pharmaceutical, and food and beverage industries. IQMS is one of the most popular manufacturing solutions.
Retail: Retail inventory management systems are designed for businesses that manage physical stores, such as retail stores, grocery stores, and gas stations. Lightspeed Retail is a popular choice for retailers.
Enterprise: Enterprise inventory management systems are designed for large organizations with complex operations, such as those in the logistics and transportation industries. SAP is the most popular enterprise solution.
Multichannel Ecommerce: Multichannel ecommerce solutions are designed for businesses that manage multiple ecommerce platforms, such as online stores, marketplaces, and social media accounts. OMSGuru is one of the most popular multichannel ecommerce solutions.
No matter what type of inventory management system you choose, it should be able to handle all of your business’ needs. It should also provide detailed reports on your current stock levels. With the right system in place, you can save time, increase efficiency, and improve customer satisfaction.
Best Overall: SkuVault
SkuVault is a powerful and comprehensive inventory management system that is suitable for businesses of all sizes. It provides ecommerce solutions that are designed to help you manage and monitor your inventory in real time. This gives you the power to make informed decisions about your inventory levels and stock. SkuVault’s robust system allows you to access data on the go, meaning you can check your inventory no matter where you are.
SkuVault also offers features such as order tracking, customizable reports, and inventory forecasting. This makes it easy to manage your inventory and keep up with trends. Additionally, SkuVault has integrations with major ecommerce platforms such as Shopify and Magento, so you can easily sync your inventory across multiple sales channels.
With its advanced features and integration with popular ecommerce solutions, SkuVault is the right choice for businesses looking for an inventory management system. If you are looking for a powerful, reliable, and comprehensive solution for managing your inventory, they should be at the top of your list.
Best Budget: Airtable
Airtable is a cloud-based inventory management system that offers an affordable and easy-to-use solution for businesses of all sizes. It’s designed to be simple and intuitive, so you don’t need any coding or technical skills to get started. With Airtable, you can quickly add and update items in your inventory, set minimum stock thresholds, view current stock levels, generate reports, and more.
Plus, Airtable offers a comprehensive ecommerce solution that helps you manage online orders and shipments from the same platform. Airtable is a viable option for businesses looking for an affordable and user-friendly inventory management system.
Best for Ecommerce: Stitch Labs
Stitch Labs is an inventory management system that is designed to help ecommerce businesses streamline operations. This cloud-based software provides users with a single source of truth for their inventory, orders, shipments and fulfilment. With Stitch Labs, you can centralize data from all of your sales channels and make informed decisions about how to manage your products across multiple locations. It also allows you to keep track of all inventory levels in real time and generate custom reports.
Furthermore, the system integrates with many popular ecommerce solutions such as Shopify, BigCommerce, Magento and WooCommerce. This makes it easy to sync data between your storefront and your internal systems. In addition, the software has an intuitive user interface that makes it easy to use and customize. Finally, Stitch Labs offers a variety of pricing plans that are tailored to fit the needs of any size business.
Best for cloud-based warehouse management system: Pyrops
For businesses looking for a cloud-based warehouse management system (WMS), Pyrops is a reliable option. Pyrops offers an integrated inventory management system that helps users track the movement of their goods in real-time, including receiving and shipping, as well as monitor the status of their inventory levels. It also offers a range of features to improve warehouse efficiencies, such as barcode scanning, labelling, and sorting.
Additionally, we provide a multichannel ecommerce solution that allows businesses to manage their sales channels from one platform. The software also enables businesses to quickly adapt to changing customer needs and market trends, making it a wise choice for businesses looking for an all-in-one inventory management system.
Furthermore, with Pyrops’ multichannel ecommerce solution, users can easily integrate data across multiple sales channels so they have access to up-to-date customer profiles, order information, and analytics. This will help them stay ahead of the competition by offering the highest quality customer experience and targeted marketing campaigns.
As if that weren’t enough, Pyrops’ advanced reporting capabilities provide deeper insights into user behaviour, enabling them to make smarter decisions about pricing, promotions, and marketing strategies. Overall, Pyrops’ comprehensive inventory management system and powerful multichannel ecommerce solution make it an ideal choice for businesses who want to maximize their success in 2023.
Best for Small Businesses: Fishbowl
Fishbowl is an ideal inventory management system for small businesses looking for a comprehensive and cost-effective solution. It allows businesses to gain complete control over their inventory with tools like automatic reorder points, lot tracking, serialized inventory tracking, and more.
Fishbowl can also be integrated with other ecommerce solutions to simplify order processing and eliminate manual data entry. This system has powerful reporting and analytics capabilities that can be tailored to your business’s needs. The user-friendly interface makes it easy for non-tech-savvy business owners to learn and use the software. With its scalability, Fishbowl can accommodate the growth of a small business and help it stay ahead of competitors.
Best for Inventory & Accounting Software: Marg ERP
If you are looking for an inventory management system that offers robust features to meet your accounting and inventory needs, Marg ERP is a suitable choice. Marg ERP is a comprehensive software solution that helps manage your business by providing accounting and inventory tracking capabilities. The software allows you to track inventory in real-time, manage accounts receivable, issue invoices and payments, and much more.
The inventory management capabilities of Marg ERP include barcode scanning, automated stock checks, and centralized tracking. This allows you to accurately track products as they move through the supply chain and makes sure you always have the right amount of stock in the right place. The software also supports multichannel ecommerce solutions, giving you the ability to manage online sales from multiple channels. This makes it easier to keep track of your inventory and ensure consistent pricing across all channels.
In addition to its extensive inventory management capabilities, Marg ERP also provides powerful accounting features. This includes automated financial reports, detailed invoice tracking, and access to multiple banking accounts. These features give you an accurate overview of your finances and make it easier to make smart business decisions. All in all, Marg ERP is a wise choice if you need a comprehensive inventory management system with advanced accounting features.
Best Free: DEAR Inventory
If you’re looking for a powerful and free inventory management system, DEAR Inventory is an excellent choice. This ecommerce solution is designed for growing small businesses that need a reliable way to track their inventory. DEAR Inventory offers features like sales order processing, stock control, stock level adjustments, barcode scanning, and more.
DEAR Inventory also provides real-time insights into inventory levels and product availability, as well as tracking sales and purchase orders. With DEAR Inventory, you can easily manage multiple warehouses and locations in one place, and its automated ordering system makes it simple to reorder stock when needed.
Additionally, it integrates with several third-party applications such as QuickBooks and Shopify, allowing you to sync your data across multiple platforms. DEAR Inventory’s intuitive design is user-friendly and easy to navigate, making it the perfect inventory management system for any small business.
Best for Multichannel Ecommerce: OMSGuru
For businesses looking for a comprehensive ecommerce solution, OMSGuru is an excellent multichannel inventory management system. It is designed to integrate with popular ecommerce platforms such as Amazon, Shopify, and eBay. With OMSGuru, you can easily manage inventory across all your sales channels on one centralized platform.
OMSGuru provides real-time inventory data and analytics, enabling you to make informed decisions about stock levels and pricing. You can also set up automated processes such as order fulfilment and restocking alerts. Additionally, the software supports multiple currencies, languages, and payment methods.
For businesses selling products through multiple channels, OMSGuru makes it easy to keep track of inventory. This will ensure that your customers are able to purchase what they need when they need it. It is the perfect choice for managing inventory across multiple eCommerce platforms. Not only does it provide real-time data insights but it also allows you to automate many key operations, such as creating purchase orders and sending out restocking notifications.
The customizable features help streamline processes, saving you time while still providing high-quality customer service. Integration capabilities provide access to valuable resources like product recommendations, customer reviews, and market trends. Plus, it has built-in support for multiple currencies, languages, and payment methods so you’re never limited by geographical boundaries. An inventory management system like OMSGuru is essential for any business leveraging multichannel ecommerce solutions in 2023 and beyond.
Best for CRM & Inventory: Zoho
Zoho is a comprehensive CRM and inventory management system that provides users with the tools to manage their business. It’s easy to use and comes with powerful features to help you track orders, manage inventory levels, create purchase orders, and generate reports. The system is designed to provide an integrated multichannel ecommerce solution to meet all of your business needs.
With Zoho, you can quickly track stock levels, create invoices, and generate reports to make sure your business runs smoothly. It also offers various ways to view and analyze data, allowing you to gain insights into the performance of your business. It is an excellent choice for businesses looking for an integrated CRM and inventory management system that offers a range of features.
For example, its multichannel ecommerce solution allows you to easily access customer information and orders from any device. Additionally, its built-in order tracking helps you stay on top of deliveries, order status, refunds, and more. Furthermore, it also has robust analytics capabilities so you can better understand how customers are interacting with your products or services. This makes it easier to identify areas where changes need to be made in order to improve customer satisfaction or boost sales.
All in all, Zoho provides an intuitive and comprehensive inventory management system that helps businesses keep up with customer demand and effectively manage their resources.
Best Enterprise: SAP
SAP is one of the most popular inventory management systems for large enterprises. It offers a range of powerful tools and features to help you manage your inventory. With SAP, you can track your inventory in real-time, set reorder points and levels, and customize reports to meet your business needs.
It also integrates with other enterprise systems, such as CRM and ERP solutions. And, it has a multichannel ecommerce solution, allowing you to seamlessly manage inventory across multiple sales channels. In addition, it offers several third-party integrations, including EDI and barcode scanning. Overall, it is an excellent choice for large businesses looking for an advanced and comprehensive inventory management system.
It provides all the essential features and functions required by large organizations, while its flexible architecture makes it easy to integrate with other enterprise systems. Plus, its multichannel ecommerce solution ensures that all inventory data is up-to-date and accurate, no matter where it’s being sold. Furthermore, its wide range of third-party integrations allows users to tailor their inventory management process according to their specific requirements. For these reasons, SAP is an ideal choice for larger organizations seeking a powerful yet affordable inventory management system.
Order management system (OMS) is essential to any business’s success in today’s world. With the vast array of solutions available, it is critical to find the one that perfectly suits your company’s specific needs. For cloud-based warehouse management systems, Pyrops is a viable option.
For inventory and accounting software, Marg ERP is worth looking into. Zoho is the perfect solution for those looking for both CRM and inventory functions. SAP offers an excellent enterprise option, while OMSGuru is ideal for multichannel ecommerce solutions. By carefully considering all the available options and researching which software will work best for you, you can find the most suitable inventory management system for your business in 2023.