The Best Inventory Management Services and Software

According to some research, 46% of smaller companies don’t have an effective inventory management system. If you’re one of those companies, you should invest in inventory management services.

But what are inventory management services, and which one is the best one to invest in?

Keep reading to find the perfect inventory management software for your business.

Revel

One of the most common inventory tracking software is Revel. It’s great for any sied-business, and its point of service system is also cloud-based. This means that even larger companies can manage their inventories across multiple locations.

You’ll be able to track different metrics to find your products and scan inventory with your mobile devices. You’ll also be able to get alerts if something is low in stock so that you know to re-order it.

If you’re owning a restaurant, it can even track the raw ingredients so you always make sure you have enough to cook meals. You’ll also want to get vendor management and create custom orders and manage vendors.

However, if you do sign up for this software, it can be expensive, and you do have to sign on to a long-term contract.

Zoho Inventory

The best inventory management app is Zoho Inventory. You can still track it across various channels, and you’ll even be able to manage your stock and inventory through this app.

You’ll be able to integrate it into your CRM, shipping integrations, and other software. It’s great for smaller or mid-sized businesses that are in the retail industry.

You’ll also be able to bundle different features to make them fit your workflow. You can manage your stock, manage orders, select different shipping options, and also manage your customer and vendors.

You’ll be able to customize different fields as well, so you can customize your payment receipts, orders, and invoices. You can easily integrate this software into your business and use it across Amazon, eBay, and other online commerce sites.

The inventory can update quickly, but if something goes wrong, you’ll also have access to customer support 24/7.  One of the disadvantages of using this software is that there isn’t an option to forecast your inventory, so you’ll still have to do that on your own.

It’s also only great for businesses that follow a first-in-first-out strategy for tracking their inventory. If you have a POS, you also won’t be able to integrate that into your use of this product.

NetSuite ERP

NetSuite ERP is also a cloud solution, and it’s scalable. The developers made it for mid to large-sized businesses, but since it’s scalable, you can also use it for smaller companies.

You can control and automate different options, like finances, billing, inventory, revenue, and your fixed assets.  You’ll also be able to incorporate this into different software to run your business.

Lightspeed

Lightspeed is great for a business of any size, and they help you view the stock you have and what the value of that stock is. If you find that you’re low in something, this app makes it easy to re-order.

You’ll also be able to manage inventories in multiple locations in different channels. It updates in real-time, so you’ll know when your business needs more of something.

If you want to create barcodes for your own inventory, then you can print custom labels as well. This will also help the system keep track of everything that you have on hand.

Because all of the QR codes will be uploaded into the management software, you can easily change the price all at once too. This makes it easier to change or adjust your prices as needed.

It’s also one of the niche solutions that was designed for retail and restaurants, but it can be used for any business. Another great advantage is that they have affordable monthly subscriptions.

The one disadvantage of this software is that you can use it in offline mode when you’re not connected to Wi-Fi, but the capabilities will be limited.

Cova

Cova is a POS solution that was originally designed for the cannabis industry. This industry requires special compliance, so it has the ability to hold verified IDs and more information that can be tracked.

Because of this, it is also very secure since it can store personal information.  Having this system will make it easy to generate any audit or report that the government may want to look at.

However, if you’re running another kind of secure business, you could also look into this solution.

Britecheck

Britecheck is an inventory tracking app that you can manage from your mobile devices.

To make it easy to track your inventory, you can use this to scan QR codes and automatically update your inventory. You’ll be able to know what’s in your inventory, and it will also help you make predictions on how your inventory will do in a few months.

The app is very easy to use, making it perfect for any size of business. They also offer live support 24/7 if there’s something that you can’t quite figure out.

Discover More of the Best Inventory Management Services

These are only a few of the best inventory management services, but there are many more to check out. We know that running a business can be stressful at times, but we’re here to help you out.

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