5 BEST INVENTORY MANAGEMENT SOFTWARE FOR ONLINE STORES

5 BEST INVENTORY MANAGEMENT SOFTWARE FOR ONLINE STORES
Posted on 13.3.2019
Written by Eva Ciga

Impeccable inventory management forms the spine of any successful online store. It’s a multifaceted process that can steer your store to greater heights with little to no hassle. However, putting in place the proper systems to manage your inventory is not an easy thing. It’s an intricate task that poses the biggest headache and threatens to ruin customer experience, sales growth, and even your brand image.

Let’s face it! No one is fond of delayed shipment, lost orders, customer complaints, and other complications that emanate from sullied inventory management. To stay out of these problems, you must synchronize your existing e-commerce platform with the best inventory management software. Such software puts your inventory under control and allows you to monitor stock levels in real-time. 

This article will give you in-depth details of the best five inventory management solutions that can streamline the operations of your e-commerce store. 

Ready? Let’s get started!

Sellbrite

 What is Sellbrite?

Sellbrite is a powerful, cloud-based inventory management software for small and medium-sized online stores looking to put inventory under control and expand online presence with ease. It’s a scalable solution that enables e-commerce entrepreneurs to manage listings, sell products across multiple channels, sync inventory, and manage & fulfill orders. The application provides cross-channel intelligence and the tools required to manage and grow a multichannel e-commerce business. 

Sellbrite features an impressive suite of functionalities which include product management, order management, inventory control, channel analytics and more. The platform allows you to net new customers no matter where they buy and perform all inventory management tasks from one, intuitive interface. Better still, the solution provides a straightforward enterprise pricing structure that is designed to scale with your e-commerce business. Watch this video to learn more about Sellbrite. 

What is unique?

Sellbrite provides a suite of enterprise-level features that are crafted to automate and streamline inventory management. Some of its salient functionalities include:

  • Centralized inventory management:

Regardless of the volume or complexity of the products you sell, this solution facilitates centralized management on an easy-to-use interface. It permits you to view and manage all available, on-hand, or reserved stock levels across all channels, and implement changes with ease using the Excel-like bulk editor. 

  • FBA  inventory management:

The Fulfilment by Amazon Inventory management is another special feature that lets you unlock the full sales potential of your online store. The tool empowers you to synchronize all your FBA quantities with the merchant-fulfilled quantities across your channels. It allows you to contrivance automatic inventory modifications between Amazon and Sellbrite to maintain accurate stock levels with minimal effort. 

  • Bulk listing:

The bulk listing features save you hours of work and enable you to expand to new niches confidently. It monitors where your products are currently selling and creates bulk product listing for sales channels in real-time. 

Integrations

Sellbrite provides one-click integration with the following business applications:

  • Amazon
  • eBay
  • Walmart
  • Shopify Plus
  • Shopify
  • Jet
  • BigCommerce
  • WooCommerce
  • ShipStation
  • ShipEngine
  • Etsy
  • Sears
  • Newegg

Pros

  • SellBrite works well on multiple devices including Mac, Windows, Android, and iPhone/iPad.
  • It’s cloud-based which means you can manage and synchronize inventory anywhere, anytime.
  • Provides true channel flexibility
  • All products data is centralized
  • Sellbrite offers unified listing

Cons

  • Old users find it hard to access new features 

RetailOps

 What is RetailOps?

RetailOps is a powerful all-in-one inventory management system designed for small and midsized e-commerce stores. It’s a web-based back office platform that helps online traders to automate and streamline purchasing, ordering, warehousing, and reporting. The software packs a punch in terms of features that enable e-commerce entrepreneurs to juggle multiple systems and put inventory under control. It empowers online sellers to scale from million dollars set-ups to multimillion dollars operations a year. 

RetailOps facilitates intelligent operations for an online store to drive profitability, efficiency, and business growth. It allows you to eliminate overselling, reduce carrying costs, and cut the costly double entries. At its core, the solution features inventory management, Point of Sales (POS), warehouse management, and e-commerce as standalone modules built with an impressive suite.  The suite also features retail accounting, merchandise planning, and customer management. Learn more about this software here

What is unique?

  • Automated drop shipping:

RetailOps automates just-in-time orders and dropshipping thereby allowing you to sell more products with less risk. It empowers you to leverage inventory from your third parties to sell more without inflating the cost of doing business. 

  • Eliminates overselling:

Overselling can stifle the sustainability and growth of your e-commerce business. However, with RetailOps you need not worry about this problem anymore. This innovative software allows you to avoid overselling your products to cut costs and reduce your customer service workload. 

  • No more double entry:

In addition, RetailOps eliminates the tedious, error-prone double or triple entry of data. It digitalizes updates to all your channels and allows you to monitor physical inventory with ease. 

Integrations

What e-commerce platform have your implemented? RetailOps integrates seamlessly with some of the best companies in the e-commerce space including:

  • Magento
  • Shopify
  • Channeladvisor
  • QuickBooks
  • FedEx
  • Aabaco

Pros

  • Anywhere, anytime access
  • Provides full audit trails of inventory locations, costs, and quantities.
  • Promotes sustainable growth
  • Promotes process automation
  • Reduce internal theft risk

Cons

  • Difficult to implement new features 

TradeGecko

 What is TradeGecko?

TradeGecko is a comprehensive cloud-based inventory management system designed to streamline the complex processes of retail and wholesale commerce. It’s an integrated platform that offers complete visibility into inventory movement across multiple sales channels. The solution automates every facet of your online business right from purchasing, distributions, and payment management. 

TradeGecko provides powerful inventory management features which include orders & fulfillment, inventory management, reporting, business contacts, and visibility & control. This is an affordable solution that offers plans starting from $79 per month with a free 14-day trial. Learn more here

What is unique?

  • Automated inventory management:

With TradeGecko, the purchase and sales orders trigger automatic updates to your store’s inventory level. Its inventory control features boost the internal tracking of stock levels and permit the store to enhance inventory levels using the forces of anticipated demand. 

  • Order fulfilment:

The solution integrates locations, channels, and processes to expedite order fulfilment. It provides helpful insights into your entire workflow and rationalises order processing, order booking, shipping, order sourcing, and order booking. TradeGecko allows you to create shipping documents thereby helping you to save time when shipping out products. 

  • Customer relationship management:

The software comes with powerful CRM tools that can help you build a community of loyal customers. The tools allow you to record customer billing information to facilitate a seamless online shopping experience on future orders. 

Integrations

TradeGecko supports multiple sales channels and integrates seamlessly with businesses applications such as

  • QuickBooks
  • Salesforce Sales Cloud
  • ShipStation
  • Google Drive
  • Xero
  • Shopify
  • QuickBooks Online
  • Magento
  • Zapier
  • WooCommerce
  • SphereWMS
  • StarShipIT
  • SalesCast
  • Crossfire Cloud EDI

Pros

  • Omni-channel integrations
  • Allows you to view stock availability in real-time
  • Provides deep insight into business performance
  • Great inventory optimization

Cons

TradeGecko lacks POS support

Stitch Labs

 What is Stitch Labs?

Stitch Labs is the best-in-class, cloud-based inventory management software for small and medium-sized online business. It’s a powerful solution that enables modern, high-growth brands to sync sales channels, transfer orders, purchase orders, shipping, warehouse, and accounting technologies. The platform empowers you to sell across multiple channels, control inventory, and respond promptly to operational demands. 

Stitch Labs offers reliable forecasting tools and centralized inventories to simplify the operations of multichannel retail businesses. If you are looking for a solution built for forward-thinking retail, look no further. 

What is unique?

  • Operation automation

Stitch Labs eliminates the need for the labor extensive and error-prone legacy systems or spreadsheets to manage inventory. It provides unique inventory management features such as categorization and taxonomy management that allow you to plan and forecast product inventory. This enables you to make better purchasing decisions to eliminate stockouts, boost productivity, drive sustainable revenue, and eliminate inefficiencies. 

Integrations

Stitch Labs integrates with the following applications

  • Lightspeed eCom
  • BigCommerce
  • Shopify
  • Magento
  • ShopifyPlus
  • WooCommerce
  • Zoey

Pros

  • Easy to use software
  • Helps you to forecast accurately and react to changing demands
  • Drive the efficiency and growth of multichannel e-commerce business
  • Provide an improved customer experience
  • Sell anytime, anywhere, and how you want
  • Generate unique fulfillment solutions that scale

Cons

  • Concerns with customers and contact tracking

inFlow Inventory

 What is inFlow Inventory?

inFlow Inventory is an easy-to-use inventory management software that allows online sellers to manage item-based businesses. It’s a powerful solution that enables you to monitor stock, manage orders, shipping, invoices, generate reports, and more. The solution eliminates the complications brought by lost sales, stock outs, and poor customer satisfaction. 

inFlow Inventory provides both cloud-based and on-premises deployment options which set the stage for unprecedented flexibility. It also comes in three editions which include Essentials ($69) for the user who need to graduate from Excel, Advanced ($149) for manufacturers who require serial number tracking, and Enterprise ($599) for larger organisations with big team members. 

What is unique?

  • Easy and quick setup

The cloud-based option has a simple and fast setup and doesn’t require VPNs or servers. All you need is internet access and a computer, and you will be good to go. The software provides automatic backups and eliminates the worry about losing critical business data. On the other hand, the on-premise option provides an offline work mode. It allows you to manage inventory even when there is no internet connection, and the data is synced when internet resumes. 

  • Well-balanced inventory

Too much stock ties your cash in excess inventory whereas not enough stock makes you lose out customers and sales. inFlow Inventory empowers you to maintain a balanced inventory to boost profits.

  • On-the-go mobile apps

The solution provides reliable web companion and on-the-go Android apps. The apps allow you to track inventory from any web browser. You can also use your phone to edit products and as a barcode scanner. 

Integrations

inFlow Inventory integrates with the following applications.

  • Intuit QuickBooks
  • Shopify
  • Dymo

Pros

  • Quick and easy  installation
  • Automatic backups
  • Offline mode
  • Onetime fee
  • Facilitates a perfectly balanced inventory

Over to you now 

If you are running an online store, we highly recommend implementing an inventory system that works well with your current e-commerce platform. The inventory tools we have listed above are designed to work with most e-commerce platforms and should help boost your profits. We hope these applications will enhance your business and give you a faster ROI. 

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