Best Inventory Management Software for 2023
Compare the top inventory management software, with pricing, detailed feature information, customer reviews, and FAQs.
Updated on September 8th, 2023
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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.
Updates:
Updated 16th of January 2023
We updated pricing.
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 $79.00 and $399.00 on a monthly basis, or between $708.00 and $3,948.00 per year. Even the free plan includes multi-user access, which many companies charge for.
In sum, Zoho Inventory is a great choice for customers seeking a solid inventory management solution backed by responsive and personable customer support.
Our Pick
Zoho Inventory
Increase your sales and keep track of every unit with this top rated inventory software.
Affordable.
User-friendly.
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:
Rank | Name | Offer | Review | Learn More |
|---|---|---|---|---|
1. | Free and paid options. | A feature-rich yet straightforward and affordable solution for businesses. | ||
2. | From $199.00 /mo. | Offers accounting software and payroll services, with features designed to suit small businesses. Choice of hosted or on-premise solutions. | ||
3. | From $325.00 /mo. | Features excellent reporting abilities and over 450 integrations. | ||
4. | Contact for quote. | Powerful, highly customizable software that offers multiple deployment options. | ||
5. | Contact for quote. | A flexible platform that does not integrate with Salesforce. | ||
6. | From $325.00 /mo. | An intuitive solution that offers fantastic reporting abilities. | ||
7. | Free and paid options. | Easy to use, but not available offline and key features must be purchased additionally. | ||
8. | Contact for quote. | Comes with templates that are easy to use. More reports are needed. | ||
9. | Free and paid options. | Robust software backed by great customer support. Annual pricing is available on request. | ||
10. | Free. | A remarkably user-friendly solution that includes great reporting capabilities. | ||
11. | Contact for quote. | A feature-rich solution that offers many integrations, but the initial cost is fairly high and built-in reporting is limited. | ||
12. | From ₹3,000.00 /mo. | Offers great customer support but lacks an Android app. | ||
13. | From $49.95 /mo. | Best-suited to small businesses. Offers a very simple service. | ||
14. | Free and paid options. | Easy to use, with a free option available. | ||
15. | Free and paid options. | Simple to use, but the free version only allows one user. | ||
16. | Contact for quote. | An intuitive, all-in-one solution that offers excellent features but doesn't have a mobile app or accounting integrations. |
Comparisons Between Leading Brands:
Zoho Inventory, QuickBooks Enterprise, and Cin7 are our top choices for inventory management software. The providers offer six, three, and four 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 Standard vs. QuickBooks Enterprise Gold vs. Cin7 Core:
Zoho, QuickBooks Enterprise, and Cin7 are all feature-rich options that include kitting, backorder and drop shipment management, and much more. At this level, Zoho, QuickBooks Enterprise, and Cin7 offer multi-user access and after hours support. However, Cin7 lacks support for multiple languages. Zoho also offers warehouse management, which the other providers do not feature.
In light of this, we recommend Zoho Standard as the ideal solution and QuickBooks Enterprise Gold as a good backup option. This also makes sense financially: Zoho Standard and QuickBooks Enterprise Gold cost $79.00 and $199.00 per month, respectively, and offer discounts on annual plans. By contrast, Cin7 Core begins at $325.00 per month.
Free Inventory Management Software
Learn more about the best free inventory management software with info on free offers and frequently asked questions.
Jan 26, 2023
Zoho Inventory Standard vs. QuickBooks Enterprise Gold vs. Cin7 Core Comparison:
Feature | Zoho Inventory Standard | QuickBooks Enterprise Gold | Cin7 Core |
|---|---|---|---|
Monthly price | $79.00 | $199.00 | $325.00 |
Annual price | $708.00 | $2,388.00 | $3,900.00 |
Multi-user access | Yes | Yes | Yes |
Multiple warehouses | Yes | No | Yes |
Warehouse management | Yes | No | No |
Multi-language support | Yes | Yes | No |
Free customer support | 24/5 via phone and email | 24/7 via email | 24/7 support |
Zoho Inventory Professional vs. QuickBooks Enterprise Platinum vs. Cin7 Business:
Between our top choices overall, Zoho Inventory Professional is significantly more affordable than QuickBooks Enterprise Platinum. While the latter platform includes access for more users and demand forecasting, Zoho Inventory Professional offers far greater order processing capabilities and phone support. However, QuickBooks Enterprise offers and four hours of setup assistance, while Zoho includes only two hours of free setup assistance.
Cin7 Business's forecasting capabilities also set it apart from Zoho Inventory's Professional plan. However, Zoho Inventory offers support for multiple languages and serial number tracking – none of which are offered by its competitor. Based on our research, Zoho's Professional plan is also significantly more affordable.
If given the choice between QuickBooks Enterprise Platinum and Cin7 Business, we would suggest QuickBooks Enterprise Platinum, as it is the more affordable option and offers capacity for more users. Both companies also offer setup assistance and 24/7 support.
Zoho Inventory Professional vs. QuickBooks Enterprise Platinum vs. Cin7 Business Comparison:
Feature | Zoho Inventory Professional | QuickBooks Enterprise Platinum | Cin7 Business |
|---|---|---|---|
Monthly price | $129.00 | $232.00 | $749.00 |
Annual price | $1,188.00 | $7,784.00 | $8,988.00 |
Number of users | 5 | 8 | 5 |
Demand forecasting | No | Yes | Yes |
Multi-language support | Yes | Yes | No |
Free customer support | 24/5 via phone and email | 24/7 via e-mail + 4 hours of setup assistance | 24/7 support |
Zoho Inventory Ultimate vs. QuickBooks Diamond vs. Cin7 Enterprise:
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 custom 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. Nonprofit organizations 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:
Pros
- Prevents shortages and overstocks.
- Minimizes losses related to deterioration.
- Reduces the time taken to find products.
- Provides insights into trends.
Cons
- Users may require training.
- Cannot remove all inventory-related risks.
- Does not nullify the importance of physical audits.
FAQs:
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, QuickBooks Enterprise, 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 $29.00 to $200.00 or more for a starter system. There are also several platforms that offer free plans for users with basic needs.
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.
Is there any open source inventory management software?
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?
- Toast.
- SimpleOrder.
- Compeat Inventory.
- Orca.
- PeachWorks.
- MarketMan.
- BevSpot.