If you don’t know where your inventory is, how much of it you have on hand, your ordering requirements, or how to make future plans, you’ll inevitably waste time, money, and crucial chances to increase your reach.
However, a stock management app can solve all of your inventory problems and meet your company needs.
Your business can track customers and vendors, produce purchase orders and invoices, link sales channels, and more with the correct inventory management system.
But, how do you find the right inventory management system?
Read further to know about some of the best stock management systems and how to choose one that suits your business needs.
Top 10 inventory management apps
1. StockWare inventory management app
StockWare inventory management application is easy to use and efficiently manages your stock. You can add your inventory, do a stocktake, and manage every stock in one place. Hence, it is a one-stop solution.
This mobile application has easy navigation and facilitates you to send orders to suppliers in one or two clicks.
In a nutshell, it will simplify the inventory and order management processes and streamline your business.
2. M1 ERP
It is a completely integrated, user-friendly inventory management system. From shipping to receiving, this mobile inventory software with barcode scanning simplifies and increases inventory accuracy.
Your items, sales channels, stock locations, orders, warehouses, workflows, reports, and more are all connected by Cin7 into a single automated system. With Cin7, you can move stock to where it sells best and allocate stock according to the type of consumer you’re selling to.
By establishing reorder points and ranking your sales orders, you can keep track of and improve inventory movements with Katana.
No matter how great the demand is, Katana works with eCommerce platforms like WooCommerce and Shopify to prevent stock-outs.
5. Square for retail
It is an intuitive and multi-location inventory management system that simplifies business workflow. You can use your mobile to scan and search things with the tool to update, verify, and confirm counts.
With this tool, get notified of which goods will run out and receive advice on exactly what to reorder according to how quickly you sell.
Datapel is a dependable warehouse management system that works invisibly with your current systems to increase efficiency, cut expenses, and significantly enhance inventory control.
7. Peach software
Peach Software is an entirely Australian cloud-based programme with high throughput. It can be tailored for importers, retailers, wholesalers, and workshops. It works best with 1 to 20 users.
Peach Software concentrates on customer relationship management, purchasing, automated pricing, and warehousing.
Sales, CRM, inventory, accounting, purchasing, and other modules are all included in the AccelGrid suite of fully connected modules.
It provides distribution businesses with powerful inventory and order management process modules that support numerous warehouses. Additionally, the technology provides complete inventory traceability using serial and batch numbers.
Sortly is a cloud-based stock management tool for small and medium businesses in a variety of industries. It is an effective tool enabling you to easily manage your assets digitally and enter all your inventory’s essential details.
10. Inflow inventory
Around 90 nations use inFlow for manufacturing, wholesale, distribution, e-commerce, and other purposes.
You will have the resources you need to track products properly and promptly with inFlow. Plus, you can receive, transfer, or fulfil stock in real time using inventory services.
Tips for picking the correct inventory management system
Consider your requirements
You must first determine your needs before purchasing a stock management app.
For example, Do you have to monitor the inventory levels? Do you want to be able to check on the status of my shipments?
You will obtain the pricing more quickly if you thoroughly explain your requirements to the vendor.
Price of the application
The complexity of your requirements will determine the cost of the programme.
However, to know if the vendor’s price is reasonable or excessively high, you first need to analyse the software’s market price.
Plus, you ought to make sure that your company’s finances are solid enough for the major strategy before you invest in inventory management software.
Discover the software’s suitability for mobile devices, whether it is a web-based or on-site system, the number of users that can use it, and other details.
Flexibility is a crucial issue to take into account, particularly if you have several stores or warehouses spread out in various areas.
Even though you might not have given it much attention, you may need to integrate your inventory management software with other software solutions as your company grows.
In addition, managing your inventory is intimately related to other aspects of your business. So, considering whether the inventory management tool can be integrated with other solutions or not is practical.
You might need to modify your stock management app if you have highly complicated specs. Find out from the vendor whether the programme can be customised quickly enough to fit your demands.
It’s critical to plan your approach to tracking inventory goods because there are numerous ways to do it.
Barcodes, RFID tagging, serialisation, kitting, and lot control are all methods for tracking stock. There are numerous ways to track inventory, some of which will complement certain inventory processes better.
This is why you should choose your tracking strategy before looking for an inventory management system.
Consider the number of people who will use it
Knowing how many people will access the system is important when looking for an inventory management system.
Many systems charge extra for additional users in their pricing models. So, you can examine inventory tracker pricing data using this information.
One of the challenging elements of operating a retail business is inventory. By automating many of the labour-intensive manual operations and calculations, an inventory management system can make this process simpler.
However, selecting the best system might be challenging because many different types are available.
So, follow the guide mentioned above to find the best stock management app.
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