Top 13 BEST Inventory Management Software [2024 REVIEW]

Looking for an inventory management system for your business? Read this review to learn about the best Inventory Management Software for all types of businesses:

Businesses use inventory management software to keep track of products available for sale to customers. The inventory management system helps in recording inventory in the warehouse.

Most inventory management systems also integrate with other software, such as accounting and CRM software.

Here, we will review the best inventory management applications for businesses. The review guide contains a review of both paid and free inventory software.

Inventory Management Software – Review

Benefits of Inventory Software

Inventory management software saves time and effort for businesses in managing inventory. Inventory management apps allow businesses to improve their inventory planning and forecasting. This leads to more efficient supply chain operations.

Efficient management of inventory using inventory management software leads to reduced risks of stock-outs and overbuying of goods. This results in lower operational costs and improved profitability for businesses.

The figure below shows an overview of the Inventory Management Software Market [2020]:

List of Best Inventory Management Software

Popular applications for inventory management:

1. Striven
2. Zoho Inventory Management Software
3. BoxHero
4. Katana
5. inFlow Inventory
6. Shortly
7. Multiorders
8. Asset Panda
9. Jazva
10. OpenBoxes
11. QuickBooks
12. Oracle NetSuite
13. Finale Inventory
14. Orderhive
15. Ordoro
16. Zenventory
17. Maropost

Comparison Table of Top Inventory Management System

Tool Name	Best For	Price	Free Trial	Ratings *****
Striven	Real-Time Inventory Management	Standard plan starts at $20/user/month. Enterprise plan starts at $40/user/month	7 days
Zoho Inventory Management Software	Online stores to keep track of inventory, orders and invoices.	Basic: Free Standard: $59 per month Professional: $99 per month Premium: $159 per month Elite: $239 per month	Free trial with limited order tracking for unlimited days.
BoxHero	Businesses that need to track inventory information across the organization	Starts at $20/month	30 Days
Katana	Inventory optimization	Starts at $129/month	14 days
inFlow Inventory	Small, medium, and large businesses to track inventory, sales orders, purchase orders, and more.	Light: $71 per month Standard: $179 per month Plus: $359 per month.	14-day trial
Sortly	Self-employed individuals and small businesses to keep track of the inventory.	Advanced: $39 per month Ultra: $99 per month.	Free trial with limited order tracking for unlimited days
Multiorders	Small and medium sized businesses, especially ecommerce stores.	Pro 500: $49 per month Pro 1K: $99 per month Pro 2K: $149 per month Pro 5K: $249 per month	14-days
Asset Panda	Medium sized organizations to keep track of inventory	Custom quote	Demo account

Detailed reviews:

#1) Striven

Best for Real-Time Inventory Management

Striven help you keep everything in your inventory in check at all times with real-time updates. The software helps you create a bill of materials, calculate material costs, and updates your inventory instantly as soon as new items are added.

Striven can also be used to instantly create purchase orders sales orders. You can record tracking information of all your orders. Striven helps you identify the precise location of items in your inventory. It can also be used to scan barcodes.

Features:

• Custom inventory
• Stock Status reports
• Barcoding
• Inventory Valuation
• Low stock alerts

Pros:

• Flexible pricing
• Customizable reporting
• Visual dashboard
• Accounting and CRM Integrations

Cons:

• May not be suitable for some large scale enterprises

Verdict: Designed keeping the requirements of small and mid-sized corporations in mind, Striven is a powerful end-to-end inventory management tool. It’ll keep your inventory organized and ensure no item in your stock is at the risk of being lost.

Price: There are two subscription plans with the ultimate pay depending upon the number of users you wish to accommodate. The standard plan starts at $20/user/month whereas the enterprise plan starts at $40/user/month. A 7 day free trial is also available.

#2) Zoho Inventory Management Software

Best for online stores to keep track of inventory, orders, and invoices.

Zoho supports a large range of inventory control features. The software supports item grouping and bundling, serial and batch tracking. You can also track orders through different stages of the customer lifecycle.

The app supports automated inventory tracking through barcode scanning. It also supports SKU generators, smart reporting, and analytics.

Features:

• Inventory control
• Warehouse management
• Order fulfillment
• Detailed reports
• Serial and batch tracking

Pros:

• Automated inventory management saves time and improves the tracking of inventory.
• Supports SKU generator that saves time in tracking goods.
• Improved management decision-making with thoughtful inventory reports.
• Supports multiple warehouses that streamline inventory management.

Cons:

• Not suitable for large organizations due to limited order tracking.

Verdict: Zoho Inventory management software offers great value for all types of businesses. Self-employed individuals with low orders can use free inventory management software. Small and medium-sized businesses can opt for paid versions to manage a large inventory.

Price: Zoho Inventory Management software is available in four packages. The free version supports limited features. The Standard version costs $59 per month and the Professional version cost $99 per month. It costs $239 per month for the Elite version.

#3) BoxHero

Best for Businesses that need to track inventory information across the organization

BoxHero is an inventory management software that provides functionalities such as supplier management,  inventory tracking, inventory analytics, cost tracking, barcoding, and location management. 

It is designed to streamline the buying and selling process around inventory management, offering features like order management, real-time updates, label printing, and the ability to generate purchase orders (PO), sales orders (SO), and invoices directly from the platform.

Features:

• Cloud-based collaborative inventory management
• Supports multi-platform (Web, Windows, Mac, iOS, and Android)
• Barcode generation & recognition
• Low-stock alerts via the mobile app
• Purchase order & sales order, invoice generation

Pros:

• Supports automatic barcode generation and label templates
• Strategic decision-making through advanced inventory analytics
• Integrates with Slack and connects with external services via open API
• An interface that is easy to use and user-friendly

Further Reading => Best Stock Control Software to Look For

Cons:

• Up to 100 users supported; not suitable for extremely large teams.

Verdict: BoxHero offers an intuitive platform for inventory management regardless of your organization’s size and makes inventory management a breeze with its mobile app. More than 10,000 businesses around the world utilize BoxHero as their go-to inventory management solution.

Price: Starting free for personal users (limited to 1 member, 100 items), BoxHero offers a $20/mo Business Plan that includes 3 users, 3 locations, and 1,000 items by default and supports additional features like Purchase & Sales and label printing. Businesses can also choose to increase their usage by purchasing add-ons.

A 30-day free trial automatically starts after you make an account.

#4) Katana

Best for Inventory optimization.

Katana offers an ERP solution that’s tailored to the needs of manufacturing businesses, small and large alike. The tool can streamline and automate the entire inventory management process. It can be used to automate crucial tasks like order fulfillment and stock reordering. You can also count on the tool to customize the unit of measure for raw materials.

Another area where Katana shines is in the seamless integration it facilitates. The solution integrates well with e-commerce suppliers. This grants users the ability to track their inventory in real-time with the utmost precision.

Further Reading => Top Facility Management Software of the Year

Features:

• Customize unit measure as per need
• Live real-time inventory tracking
• Track stock changes as order comes in
• Set automatic reorder points

Pros:

• Flexible pricing
• Native integration with Shopify and WooCommerce
• Intuitive user-interface

Cons:

• The tool may not be suitable for some start-ups that have just launched

Verdict: From tracking stock to reordering material and managing orders, all of this tasks are streamlined and automated by Katana effectively. If you are looking for a robust cloud inventory management tool, then you’ll adore Katana.

Price: Katana offers a flexible pricing structure. They are as follows:

• Essential: $129/month
• Advanced: $349/month
• Professional: $799/month
• A custom enterprise plan is also available.

A 14 day free trial is also offered.

#5) inFlow Inventory

Best for small, medium, and large businesses to track inventory, sales orders, purchase orders, and more.

inFlow Inventory is a powerful inventory management software. It has a simple and intuitive user interface. The inventory management application supports purchase orders and sales order management.

You can view the order details on your desktop or smartphone. The app supports a B2B portal, allowing business partners to collaborate in improving inventory management. In addition, the API features allow integration with custom business apps.

Features:

• Barcoding
• Selling and invoicing
• B2B portal
• API integration
• Purchase Order Management

Pros:

• No credit card is required for the free trial.
• Unlimited integrations in advanced packages improve the functionality of the inventory management app.
• Over 1 million users worldwide use the app for inventory management.
• B2B portal allows streamlined inventory management that prevents stock-outs.

Cons:

• Lacks automated inventory management features.

Verdict: inFlow inventory offers great value for money. The Standard and Plus packages support unlimited inventory locations.

Price: inFlow inventory is available in three packages. The Light package cost $71 per month, the Standard Package cost $179 per month, and the Plus package cost $359 per month. There is also a 14-day trial feature to test the software features.

#6) Sortly

Best for self-employed individuals and small businesses to keep track of their inventory.

Sortly allows you to keep track of inventory through an intuitive and user-friendly dashboard. You can access the app using a desktop, tablet, Android, and iOS device.

The inventory management software can help businesses track inventory, expiration dates, warranty, and other details of each product. It also supports multiple user accounts and remote access. The inventory management app provides beautiful and detailed PDF and CSV reports to keep track of the inventory.

Features:

• CSV and PDF report.
• Track stock levels and expiratory dates.
• Monitor product warranties.
• Track orders using QR codes and barcodes.
• Supports desktop and mobile devices.

Pros:

• Supports tracking of product expiry dates making it suitable for FMCG companies.
• Management can review detailed PDF inventory reports.
• Streamline remote inventory management with remote access.
• Unlimited order tracking with a professional package.

Further Reading => Most Popular Retail Inventory Management Software

Cons:

• The automated order management feature is lacking.

Verdict: Sortly is a great inventory control application that is suitable for small businesses and self-employed individuals. The packages are more affordable as compared to most other inventory management apps.

Price: Sortly is available in three packages, including Free, Advanced, and Ultra. The free package supports 100 entries but is limited to one custom field.

The Advanced and Ultra packages cost $39 and $99 per month, respectively. The Advanced package is great for small businesses with less than 2000 entries. Medium-sized and large businesses can select the Ultra package that supports unlimited entries.

#7) Multiorders

Best for small and medium-sized businesses, especially eCommerce stores.

Multiorders is versatile inventory management software. The software supports advanced analytics and reports. The app displays order notifications so you never run out of stock.

Businesses can optimize their inventories across different channels using the software. The dashboard provides an overview of the inventory in different locations. It helps improve the inventory management process with simple features.

Features:

• Reports and analytics
• Low stock notifications
• Custom notes
• Automatic order tracking

Pros:

• Simple inventory management features make it easy to use.
• Real-time order notification prevents stock-outs.
• The dashboard provides detailed information about the inventory.

Cons:

• Advanced inventory management features are lacking.
• Does not support large orders.

Verdict: Multiorders can suit the needs of different types of businesses. Small and large businesses can select a package that best suits their needs. The inventory management app is affordably priced for startups and self-employed individuals.

Price: Multiorders is available in four versions. The price of the app starts at $49 per month and goes up to $249 per month.

#8) Asset Panda

Best for medium-sized organizations to keep track of inventory.

Asset Panda allows you to keep track of your assets through different stages, from purchase to sale. The app supports remote access using Android and iOS devices. It supports enhanced workflows with customized actions for easier asset management.

The inventory management app also allows you to create custom fields. It also supports custom notifications, audit trails, role-based access, and a built-in barcode scanner.

Further Reading => List of the TOP Computer Inventory Management Tools

Features:

• Contract Management
• Asset Kitting
• Barcode Generation
• Checkout and Returns

Pros:

• Adaptable inventory management features result in optimized inventory management.
• Built-in bar code readers save time recording inventory data.
• Customized fields help in recording additional inventory details.
• Supports almost all mobile devices for cloud connectivity.

Cons:

• The pricing policy is not transparent.

Verdict: Asset Panda offers a comprehensive order management solution. The software supports advanced inventory management features. You can use the app to manage orders, contracts, maintenance schedules, and more.

Price: Call for a custom quote.

#9) Jazva

Best for medium and large-sized businesses to manage inventory across multiple channels.

Jazva is an all-in-one solution that can help streamline the order management process. The application supports multi-channel listings, real-time inventory management, and carrier-rate shipping. You can optimize prices through a dynamic re-pricing tool. The inventory management application also supports automated reordering and mobile access.

Features:

• Carrier rate shipping
• Dynamic Price Management
• Real-time Inventory Tracking
• Automated Reordering
• iOS App Support

Pros:

• Supports automated order management that improves inventory management.
• Optimum pricing of goods through dynamic re-pricing features.
• Cloud access results in a streamlined inventory management process.
• Maximize team efficiency with multi-channel inventory management.

Cons:

• The pricing policy is not transparent.
• Android app support is not available.

Verdict: Jazva is advanced inventory management software that supports a lot of different features.

The software supports inventory management, price management, and automated order management. It may not be suitable for large enterprises, but small and medium-sized businesses will find the app more than adequate for their inventory management needs.

Price: Call for a custom quote.

#10) OpenBoxes

Best for small and large businesses that want advanced customization options.

OpenBoxes is an open-source inventory management application that supports a host of advanced features. The software facilitates stock visibility across different locations and departments. The risk of stockouts can be eliminated using the below reorder and minimum quantity features.

IT supports the First-Expiry-First-Out (FEFO) feature that helps reduce wastage. Moreover, the app supports improved traceability using data standards for product lifecycle management.

Features:

• Track Reorder levels
• Monitor loss to expiry
• Open-source
• Planning and forecasting

Pros:

• Businesses can customize open-source inventory management software.
• Supports a unique inventory management feature based on produce expiry.
• Helps track goods within the product lifecycle.
• Community support through forums and in-app chat.

Cons:

• Supports only basic inventory management features.
• Price plans are a bit steep for small businesses and startups.

Verdict: OpenBoxes is a good inventory management app that can help eliminate stock-outs and increase stock visibility.

Price: OpenBoxes is available in three packages, including Standard, Business, and Enterprise. The Standard package costs $99 per month that supports basic inventory management tasks.

The version costs $249 per month which supports additional customer support and priority updates. The Enterprise package costs $1999 per month that supports small customizations.

#11) QuickBooks Commerce

Best for self-employed individuals and small businesses.

QuickBooks Commerce (formerly TradeGecko) is a complete inventory management solution for self-employed individuals and small business owners. The software can help in keeping track of the products as they are sold, manufactured, and restocked at multiple warehouse locations.

You can use inventory control software to manage multiple sales channels at each step of the inventory management process.

Features:

• Warehouse management
• Advanced B2B features – abandoned cart, custom domains
• Batch and expiry tracking
• Zonal shipping rates
• Intelligent Automation

Pros:

• Supports B2B inventory management.
• Integration with QuickBooks accounting software results in a streamlined process.
• Allows tracking inventory at multiple locations.
• An intuitive dashboard with charts and graphs helps in easy tracking of inventory.

Cons:

• Supports a limited number of orders.
• Price is high for small businesses.

Verdict: QuickBooks Commerce does not support large inventory management. The application is suited for small business owners and self-employed individuals.

Price: QuickBooks Commerce is available in four price packages. The basic Founder package costs $39 per month which supports 10 sales orders per month, one user, and a B2B commerce platform. The Lite version costs $79 per month that supports 100 sales orders and two users.

The small business version costs $199 per month that supports up to 1000 monthly sales orders, five users, and two sales channels. Growing businesses can upgrade to the Business package that costs $599 per month and supports up to 250 sales orders, eight users, and three sales channels.

Suggested Reading =>> Top QuickBooks Alternatives With Features

#12) Oracle NetSuite

Best for medium and large enterprises to manage resources.

Oracle NetSuite is an enterprise cloud enterprise resource planning tool that also supports inventory management. The software features multi-currency pricing management across multiple channels. It also supports CRM, ERP/financials, and eCommerce transaction management.

Features:

• Returns management
• Sales Order Management
• Multi-currency price management

Pros:

• Support Cloud Enterprise Resource Management.
• Customer relationship management helps improve customer service.
• Supports millions of online transaction management, making it suitable for large eCommerce firms.
• Integrated resource management streamlines inventory management.

Cons:

• Inventory management is not affordable for small and medium-sized companies.

Verdict: Oracle NetSuite is an advanced resource management software. The application is best for large enterprises with millions of monthly orders.

Price: Call for a custom quote.

#13) Finale Inventory

Best for small and growing businesses to manage inventories.

Finale Inventory Management Application helps in basic inventory management. The online inventory control application allows you to keep track of your inventory while on the go. The user initiative dashboard displays different graphs and charts so that you can get an overview of inventory inflow and outflow.

Features:

• Cloud Inventory Management
• 100,000 to 1.5 million order processing
• Multiple users
• Intuitive dashboard

Pros:

• Displays charts and graphs
• Integration with third-party apps
• Support Multi-Location
• Allows inventory management on the go

Cons:

• No automated inventory feature.
• The price is a bit steep for advanced packages.

Verdict: Final Inventory is a simple inventory management app that comes with basic inventory management features. The Starter package is affordable but higher-end packages are on the steep side.

Price: Finale Inventory is offered in five packages. The basic Bronze package costs just $99 per month that supports up to 1,000 orders in a month, two integrations, multi-location, and up to 100,000 items. The Silver and Gold packages cost $275 and $499 per month, respectively, that support additional orders and integrations.

Established and growing businesses should select the Platinum package, which costs $649 per month that supports unlimited integrations and up to 20,000 orders per month. Enterprises can order custom packages for processing up to 1.5 million orders per month.

#14) Orderhive

Best for small, medium, and large organizations to track and manage inventories across multiple warehouses.

Orderhive is an advanced inventory management application that supports a lot of features. The application boasts multi-channel workflow automation and order management. It helps in the management of product listings to improve the customer experience. It supports multi-warehouse, real-time order allocation, and invoice management.

Features:

• Product Listing Management
• Warehouse Management
• Invoice and Payments
• Real-time order allocation

Verdict: Orderhive may not be a cheap inventory management application. But it does provide acceptable value for money. The app can suit the needs of startups, growing, and large enterprises.

Price: Orderhive caters to a large number of businesses. The free version of the software is available to Shopify users and supports basic inventory management features, including unlimited SKUs. The Lite version costs $44.99 per month that has the same feature as the Free version but is available for everyone.

The Starter package, which costs $134.99 per month, is targeted at small businesses. The package supports automation features to automate mundane inventory management tasks.

Established businesses with large orders should select the Growth package which cost $269.99 per month and support advanced features such as API integration. Enterprises can also select a custom package that meets unique workflow requirements.

#15) Ordoro

Best for small and large businesses to manage inventories, purchase orders, and drop shipment orders.

Ordoro can handle complex, large orders, making the app ideal for medium and large-sized businesses. The software supports a lot of advanced features, including order management, kitting, and drop shipment management. Enterprises can request a custom package that includes features such as custom workflows and vendor portals.

Features:

• Inventory management
• Automation
• Analytics
• Dropshipping

Verdict: Ordoro is a bit expensive software but provides good value for money. Large businesses will particularly benefit from the advanced features of the software.

Price: Ordoro software is available in three packages: Express, Pro, and Enterprise. The Express. The Express package starts at $59 per month that supports automation rules, shipping presents, barcode scanning, and discounted shipping rates.

The Pro version is a bit costly but supports inventory management, dropshipping, vendor order management, and purchase management. Large businesses can select the Enterprise package that supports all the features of other packages, plus custom workflows and integration, supply chain management., dedicated account manager, and vendor portals.

#16) Zenventory

Best for eCommerce, retailers, and small businesses.

Zenventory is an inventory management app that is suitable for small and medium-sized businesses. The software supports mobile and online tools that provide ease of access. Numerous features are found in expensive inventory management apps.

The app has valuable features such as cycle counting, fulfill order calculation, vendor order management, and multi-warehouse support.

Features:

• Low Stock Alert
• Multi-Warehouse ready
• Order Management
• Cycle Count
• Item Management

Verdict: Zenventory is simple inventory management software that supports a wide range of features that will meet the needs of both small and medium-sized businesses. The best feature of the app is warehouse support and order management. The inventory management software has an easy-to-use interface and great reporting features.

Price: Zenventory is available in three price tiers. The Lite version cost $99 per month that supports a single warehouse, aisle mapping, barcode scanning, cycle counts, supplier catalogs, and order fulfillment.

The Standard version costs $199 per month that supports additional features such as more product SKUs and warehouses, warehouse transfers, multi-carrier shipping integrations, assemblies, and vendor order management.

The Pro version costs $299 per month and is suitable for medium and large businesses as it supports up to 10,000 SKUs, 10 warehouses, shopping cart integrations, marketplace integrations, accounting integration, and third-party logistics.

#17) Maropost

Best for Inventory Management Automation.

Maropost is a fantastic eCommerce software that both retailers and wholesalers can use to automate their inventory management efforts among other crucial things. The platform particularly shines in its ability to manage multiple marketplace stores from a single store.

Simply put, this is a platform you can use to manage inventory, product listings, orders, and purchases across multiple sales channels. Plus, Maropost also arms you with all the features you need to create a custom online store.

Features:

• Manage Multiple Marketplace Stores from a Single Control Panel.
• Build Custom Online Stores
• Order Fulfilment
• Multi-Channel Purchasing
• Streamline Customer Management

Pros:

• Centralized Dashboard to handle multiple sales channels.
• User-friendly interface
• Create SEO-friendly online store
• Streamline product listing details

Cons:

• Might not be ideal for small businesses.

Verdict: With Maropost, you get an eCommerce solution that can automate inventory management, order management, multi-channel purchasing, and much more across multiple marketplace stores. If you are a retailer or wholesaler with multiple stores to handle, then this platform is for you.

Price: Maropost’s commerce cloud comes with a 14-day free trial and 4 pricing plans. Its essential plan costs $71/month. Its essential plus and professional plans cost $179/month and $224/month respectively. A custom enterprise plan is also available.

FAQs About Inventory Control Software

Conclusion

Inventory management software has different features that range from simple to advance. The apps are suited for different businesses and also self-employed individuals.

Zenventory is the best inventory management app for eCommerce, retailers, third-party logistics (3PL), and small businesses.

In contrast, Ordoro is suitable for small and medium-sized businesses to manage inventories, purchase orders, and dropshipment orders. QuickBooks Commerce, Zoho Inventory, and Sortly are the best inventory control software for self-employed individuals and small business owners.

Enterprises should select Oracle NetSuite and Asset Panda, which support multi-currency dynamic pricing and multiple warehouse inventory management.

Research Process:

• Time Taken to Research this Article: Preparing and researching the review on the best inventory management application took about 8 hours.
• Total Tools Researched: 40
• Top Tools Shortlisted: 13