Inventory management software is a tool for tracking goods and materials, sales, orders, deliveries, and production-related documents. Companies use inventory management software to avoid product overstock and shortages in retail, manufacturing, and offices.
Updated 3rd of March 2020
We updated pricing for TradeGecko, EZOfficeInventory, and inFlow Cloud. We also included information about annual discounted rates and specified the number of users on Cin7's Momentum plan.
Updated 21st of January 2020
We included payment terms (monthly, yearly, and/or once-off), provided the most recent pricing information, introduced nine more leading software providers, and moved Zoho Inventory to our number one spot based on features, value for money, and customer reviews.
Why We Chose Zoho Inventory:
Zoho Inventory is an intuitive, feature-rich platform. It offers tight integration with a host of other Zoho-created platforms, and with third-party marketplaces, shopping carts, payment services, shipping carriers, and more.
Despite its extensive feature set, Zoho Inventory is an affordable option. Clients can opt to use the free plan or to subscribe to paid versions that cost between $49.00 and $249.00 on a monthly basis, or between $468.00 and $2,388.00 per year. Even the free plan includes multi-user access, which many companies charge for.
In sum, Zoho is a great choice for customers seeking a solid inventory management solution backed by responsive and personable customer support.
Things to Consider When Evaluating Inventory Management Software:
Some companies charge users to access their data if services are canceled. It would be best to choose software from a company that offers several price plans so that you can choose features that suit your needs without losing data.
Ensure that the software you choose is able to run on your device. If your device does not meet the minimum requirements, the software will lag or work inefficiently.
Some software best suits small businesses and offers a more tailored range of features. These may be a good option if you have basic inventory management needs and want to save money.
Best Inventory Management Software:
A feature-rich yet straightforward and affordable solution for businesses.
From $39.00 /mo.
A comprehensive, user-friendly solution that facilitates seamless order entry.
Features excellent reporting abilities and over 450 integrations.
Powerful, highly customizable software that offers multiple deployment options.
From $279.00 /mo. or $3,108.00 /yr.
Responsive software that is easy to configure. Fantastic integration with Xero.
A flexible platform that does not integrate with Salesforce.
From $199.00 /mo. or $2,189.00 /yr.
An intuitive solution that offers fantastic reporting abilities.
From $40.00 /mo. or $420.00 /yr.
Excellent tracking and customization features.
From $0.00 /mo.
Easy to use, but not available offline and key features must be purchased additionally.
From $79.00 /mo. or $852.00 /yr.
A robust option that features a clean interface. Multiple pricing tiers and no contracts.
From $150.00/ mo. or $1,620.00 /yr.
Excellent sales analysis and tracking capabilities. Setup can be time-consuming.
From $499.00 /mo.
Robust software backed by great customer support. Annual pricing is available on request.
From $29.00 /mo.
Comes with templates that are easy to use. More reports are needed.
From $99.00 /mo.
User-friendly and available offline. Not suited for businesses with over 1,000 users.
From $195.00 /mo. or $1,872.00 /yr.
A remarkably user-friendly solution that includes great reporting capabilities.
From $4,395.00 (once-off)
A feature-rich solution that offers many integrations, but the initial cost is fairly high and built-in reporting is limited.
Ideal for businesses that trade over $1,000,000 worth of stock per year or complete more than 25,000 orders.
From $79.00 /mo. or $708.00 /yr.
Offers great customer support but lacks an Android app.
From $39.95 /mo.
Best-suited to small businesses. Offers a very simple service.
From $49.00 /mo. or $468.00 /yr.
Great tracking and reporting capabilities, but the introductory plan doesn't include phone support.
From $379.00 /mo.
A highly customizable platform that includes great tracking features.
$25.00 /store /mo. or $250.00 /store /yr.
Easy to use, with a free option available.
Simple to use, but the free version only allows one user.
From €74.00 /mo. or €588.00 /yr.
Ability to add an unlimited number of users at no cost, but does not offer a mobile app.
From $189.80 /mo. or $1,746.00 /yr.
Offers accounting software and payroll services, with features designed to suit small businesses. Choice of hosted or on-premise solutions.
Comparisons Between Leading Brands:
Zoho Inventory, TradeGecko, and Cin7 are our top choices for inventory management software. The providers offer five, six, and three plans, respectively, allowing businesses to select the most suitable option based on their unique needs. We've compared the key packages across brands to aid in this decision.
Zoho Inventory Basic vs. TradeGecko Lite vs. Cin7 Starter:
Zoho, TradeGecko, and Cin7 are feature-rich options that include kitting, backorder and drop shipment management, and much more. At this level, Zoho and TradeGecko offer multi-user access, after-hours technical assistance, and support for multiple languages, which Cin7 does not. Zoho also offers warehouse management, which the other providers lack.
In light of this, we recommend Zoho Basic as the ideal solution and TradeGecko Lite as a great backup option. This also makes sense financially: Zoho Basic and TradeGecko Lite cost $49.00 and $99.00 per month, respectively, and offer discounts on annual plans. By contrast, third-party sites suggest that Cin7 Starter begins at $299.00 per month.
Zoho Inventory Basic vs. TradeGecko Lite vs. Cin7 Starter Comparison:
Free customer support
24/5 via phone and email
24/7 via email
Zoho Inventory Standard vs. TradeGecko Business vs. Cin7 Momentum:
Between our top choices overall, Zoho Inventory Standard is significantly more affordable than TradeGecko Business. It also includes access for nearly double the number of users, far greater order processing capabilities, and phone support. By contrast, TradeGecko offers demand forecasting and four hours of setup assistance, which Zoho does not.
Cin7 Momentum's forecasting capabilities also set it apart from Zoho Inventory's Standard plan. However, Zoho Inventory offers support for multiple languages, as well as 24/5 email and phone assistance – none of which are offered by its competitor. Based on our research, Zoho's Standard plan is also significantly cheaper.
If given the choice between TradeGecko Business and Cin7 Momentum, we suggest that you begin by requesting a quote from Cin7 and comparing prices. When doing so, consider that TradeGecko offers capacity for more users. The company also offers four hours of setup assistance and 24/7 email support, which its competitor does not.
Zoho Inventory Standard vs TradeGecko Business vs Cin7 Momentum Comparison:
Zoho Inventory Standard
Number of users
Free customer support
24/5 via phone and email
24/7 via e-mail + 4 hours of setup assistance
Zoho Enterprise vs. TradeGecko Pro vs. Cin7 Advanced:
At the top end of the spectrum, each of our leading providers offers highly customizable software. Naturally, prices will vary depending on prospective clients' needs. As such, we recommend that interested parties contact the companies for quotes. When reviewing offers, be sure to ask about Cin7's phone support, which may be priced separately.
Good to Know:
- Zoho Inventory also offers a free plan. Non-profits are eligible for a 15% discount on paid plans.
- Cin7 notes that their software is not recommended for use by restaurants, hospitality, or rental services.
Pros and Cons of Inventory Management Software:
- Prevents shortages and overstocks.
- Minimizes losses related to deterioration.
- Reduces the time taken to find products.
- Provides insights into trends.
- Users may require training.
- Cannot remove all inventory-related risks.
- Does not nullify the importance of physical audits.
What is the best software for inventory management?
Which software is used for inventory management?
There are many dedicated inventory management software. These often include warehouse management and order fulfillment capabilities. Our top selections are Zoho Inventory, TradeGecko, and Cin7. The first of these options includes both free and paid plans.
What is the best free inventory management software?
How does inventory management software work?
Simply put, inventory management software allows clients to track incoming and outgoing supplies. Demand forecasts allow users to anticipate the number of required items, which informs purchasing decisions. Once received, supplies are strategically located within storage facilities, which inventory management software can monitor for later retrieval. Low-stock notifications, in turn, inform businesses of supplies that need replenishment in order to keep up with suppliers' demands.
What does inventory management software do?
Inventory management software is used to track stock levels, orders, sales, and deliveries. It can also be used in the manufacturing industry to create work orders and other production-related documents.
How much does inventory software cost?
Inventory software can range in price from $0.00 to $200.00 or more for a basic system.
Is software the best way to create an inventory management system?
It depends a little on your business and how tech-savvy you are, but generally, having a software inventory system is a big advantage as it can automate tasks, improve efficiency, and if it's cloud-based, be available anywhere.
What is the best IT inventory management software?
Is inventory management software for small business a good investment?
Typically, inventory management software will save you a lot of time and money by providing real-time inventory reports and automating many time-consuming tasks. These days, software inventory management is becoming a standard rather than an advantage.
What are the benefits of inventory management software?
Inventory management software is a great tool to help streamline processes, automate manual tasks, build productivity, track stock, and minimize costs.
Is there cloud-based restaurant inventory management software?
- Compeat Inventory.