Finding the best inventory management software is important, that’s a fact!
Inventory management software will not only help you better track and organize your warehouse, but it will also help you cut down on hardware expenses. Through the software, companies can manage problems like product overstocking or outages, and they can effortlessly manage orders, sales, and deliveries.
However, checking out all the different inventory management software options could be a bit tedious. So, we have collected some of the best options and shared our picks for the top five.
Through this post, you will be able to thoroughly explore the top inventory options, as well as their features and pricing plans.
Five of the best inventory management software solutions
| Software | Free Plan | Paid From | Free Trial | Customer Support |
|---|---|---|---|---|
| NetSuite Read More |
❌ | Must Contact Sales | ❌ | Knowledge Base, Human Chat, Phone, Forum, Videos |
| Zoho Inventory Read More |
✅ | $348/year | N/A | Knowledge Base, Human Chat, Chat Bot, Phone, Email, Forum |
| Katana Read More |
❌ | $2,148/year | ❌ | Knowledge Base, Email, Ticket, Videos |
| Cin7 Read More |
❌ | $349/month | 14 Days | Knowledge Base, Human Chat, Ticket, Forum |
| Fishbowl Read More |
❌ | $329/month | ❌ | Knowledge Base, Human Chat, Phone, Email, Videos |
1. NetSuite
NetSuite is an all-in-one business solution to help you with inventory management, accounting, and marketing. NetSuite is helpful for businesses of all shapes and sizes.
Think of it as a cloud-based inventory system that brings together the back-office and financial processes on a single dashboard.
NetSuite was acquired by Oracle in 2016, so it has the resources of a billion-dollar company behind it.
Features ⚙️
- Multilingual support
- Revenue recognition
- Built-in business intelligence
- Retail inventory management
- Over 350 integrations
- Global support
- Kitting
- Forecasting
- Production identification
- Multi-warehouse support
- Integrated POS
- Order management
- Supply chain management
- Fully responsive
- Multi-currency feature available
- Dropshipping option
- Tax compliant
Price 💰
Pricing used to start at $99 per month, but these days Netsuite forces you to contact their sales team to get a quote. You can sign up for a free Netsuite ERP demo on their website (and get a quote afterwards).
2. Zoho Inventory
The only reason Zoho Inventory is in the second position is because of some extras NetSuite has to offer like forecasting. Putting that aside, Zoho Inventory is the best inventory management software in the marketplace.
Zoho Inventory is tightly integrated with other apps in the suite. You can use this software for both inventory tracking as well as creating sales orders and invoices.
Zoho Inventory also has a built-in integration for WooCommerce.
Features ⚙️
- Multi-channel support for Amazon, eBay, Etsy, Shopify, and more
- Inventory reports
- Order fulfillment with integrations for 40+ shipping carriers
- Calculate real-time shipping rates and print labels
- Multilingual and multi-currency
- Backorders available
- Invoicing and billing available
- Multiple store integration
- CRM software
- Dropshipping option
- Android/iOS support
- Free setup assistance
Price 💰
Zoho Inventory has scalable pricing options. Their plans are solely based on usage limits for limits such as:
- Online orders per month
- Offline orders per month
- Shipping labels per month
- Shipment trackings per month
- Warehouses
- Users
This means you only pay for the features you want depending on your business size.
The plans below are per month, but priced annually. Month-to-month payment options are also available, but naturally come at a higher cost.
- Free – $0
- Standard – $29
- Professional – $79
- Premium – $129
- Enterprise – $249
You can also use Zoho add-ons for adding to your usage limits.
3. Katana
Katana is a multichannel inventory and sales management tool that integrates seamlessly with top ecommerce platforms including Shopify, BigCommerce, and WooCommerce. This company offers plans for businesses of all shapes and sizes, with the base plan allowing for one inventory location and the top-tier plan allowing for unlimited locations.
As a Katana user, you’ll get real-time insights on the availability of raw materials and finished goods to help you avoid stockouts and overstocking.
You’ll also get access to a high-quality sales dashboard where you can monitor sales from all of your ecommerce channels in one place, plus cloud-based accounting tools to help with financial management.
Features ⚙️
- Multichannel inventory management
- Real-time inventory updates
- Sales dashboard tracking orders from all integrated ecommerce channels
- Sales insights to help you identify your highest-performing products
- Accounting tools including Katana Insights and QuickBooks Online
- Multicurrency support on higher tier plans
- Coming soon: Demand planning and forecasting tools for higher tier plans
Price 💰
There are four Katana plans, with the most affordable one priced at $179 per month (billed annually) and includes core Katana features for one inventory location. The most expensive plan costs $1799 per month (billed annually) and gives you access to all Katana features for unlimited inventory locations.
4. Cin7
If you are looking for something that offers inventory-specific features, then Cin7 is for you.
Cin7 easily syncs online sales channels, POS systems, and third-party integrations to offer a comprehensive inventory interface.
This automated inventory platform syncs the physical and online channels to create a more efficient order processing. All this makes it good for everyone from startups to bigger brands.
Features ⚙️
- Multi-channel support
- Integrations for WooCommerce, Shopify, Magento, eBay, Amazon, and more
- Flexible inventory methods
- Accurate profitability and costs tracking
- Inventory planning
- Higher stock visibility
- Pre-order/backorder management
- Built-in B2B functionality
- Barcode, batch, FIFO and serial tracking
- Dropshipping and return inventory management
- Single-click accounting synchronization
- Real-time reporting
- Custom inventory fields
- Mobile stocktaking
- Automated inventory adjustment
- Forecasting and kitting feature
- Supplier management
- Walmart integration
- Extensive setup resources
Price 💰
Although they have four pricing plans, you can unlock a plan for your inventory for as low as $349 per month. There is also a free trial option so you can take it for a test run before you commit.
5. Fishbowl
Fishbowl is the best inventory management software for growing brands and enterprise customers. It seamlessly integrates with Quickbooks for better inventory management.
This software is fully-geared towards inventory automation. The work order system enables users to create and share work orders for a variety of tasks.
When talking about the setup process, Fishbowl offers a variety of training and support resources including starting-up videos, online tutorials, in-house experts, and more.
Features ⚙️
- Multi-channel inventory syncing
- Integrations for WooCommerce, Shopify, Amazon, and more
- Inventory costing
- Inventory tracking
- Forecasting
- Centralized inventory database
- Stock history reporting
- Data exporting/importing
- Multi-warehouse routing
- Barcode support
- 3PL inventory management
- WYSIWYG editor
- Shipment integration
Price 💰
Fishbowl offers a good price based on the number of inventory-focused features it offers.
Pricing starts at $329 per month to unlock use of the software.
Which is the best inventory management software?
As I said at the beginning of this post, finding the right inventory management software is important, especially when your business is growing.
Managing inventory and marketing at the same time is difficult, which means you need software that keeps you updated on what products you have in hand and create an effective marketing strategy accordingly.
Here are a few pointers to help you make a decision on which inventory management software to use:
- NetSuite – All-in-one solution for inventory management, accounting, and marketing.
- Zoho Inventory – Best budget inventory system for new startups.
- Katana – Inventory management software with real-time inventory insights and sales management tools.
- Cin7 – Good for small to mid-sized businesses looking for inventory management software.
- Fishbowl – A feature-loaded solution with Quickbooks integration. Also had the friendliest and most helpful customer service rep on this list.
If you’re still in the planning stages for launching your ecommerce store, you also might want to check out our guides to the best ecommerce platforms and how much an ecommerce store should cost.
Do you have any questions about choosing the best inventory management software for your store? Ask them in the comments!
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