Top 10 Inventory Management Software for Small Business

Inventory management software is undeniably the backbone of the most powerful systems for managing inventory. With the proper software, you can simplify daily tasks and gain insightful data.

However, there are a huge number of choices available for you. Therefore, how do you the best inventory management software for small business?

Depending on the particular needs of your business, inventory management software is frequently created with a specific market in mind.

We looked at which inventory management system packages would work best for various business models and industries because of this.

In today’s post, we’ll introduce you to the top 10 small business inventory management software, along with a thorough analysis to assist you in making the best decision.

QuickBooks

QuickBooks is an accounting solution specifically designed for SMBs in a variety of industrial sectors, including construction, manufacturing, and retail.

Using cutting-edge inventory, reporting, and invoice technologies, any business owner can expand business operations with the QB solution.

Additionally, Quickbooks offers comprehensive reporting features, payroll management, invoicing, cost monitoring, inventory management in small business, and so on.

QuickBooks provides users with configurable reporting capabilities to aid in data analysis and assist them to make smart business decisions. QuickBooks accounting software aids organizations in finding the data needed to address any business issue with more than 200 auto-filled templates as well as 70 sector-specific reports.

QuickBooks

With the flexibility to manage inventory movement, digitally scan and update stock levels, manage any sales orders from one dashboard, and do much more, Quickbooks’ powerful inventory solutions give organisations control and visibility over the inventory management process.

Besides, QuickBooks also enables organisations to manage, personalise, and automate financial activities to manage cash flow, track fixed assets, and process payments.

As part of their ability to perform various accounting activities, businesses need to scan and upload several documents, such as receipts and bids. Organization of documents into categories and tracking of crucial accounting files are made possible by the application for enterprises.

Pricing

Pros

• Simple to set up and use
• Come with multiple checks systems to ensure everything is accurate

Cons

• A bit expensive

EzOfficeInventory

EZOfficeInventory is a flexible asset and maintenance management system created not just for small businesses but for businesses of all sizes. You can get the cloud-based software from anywhere and at any time, and it operates just like you do.

EzOfficeInventory

Items can be tracked across departments and locations. Item maintenance can be streamlined to improve operation. And you can always keep your stock levels at their ideal levels.

Additionally, one solution will let you manage each of your vendors and users. With the use of QR codes and barcode tags, the inventory management module lets users keep track of inventory levels.

You can keep track of your inventory wherever you are with the help of the mobile app for EZOfficeInventory, which has barcode and QR code scanning features.

Users can trace the locations of their items using GPS tracking, which allows them to track their resources on an online map and spot missing or misplaced items.

Furthermore, customers can track and keep an eye on assets thanks to customized reporting and dashboards. Users can review past inventory data and decide on their inventory management procedures.

Pricing

Pros

• User-friendly
• Provide seamless integration with third-party platforms using own API

Cons

• The item entry process may take time

Vyapar 

With Vyapar, which was created especially for small businesses, you can handle estimations, transactions, inventory, customers, invoices/receipts, and more. The perfect answer to all of your business accounting needs.

Vyapar

You can easily write, print, and share bills and invoices using the free, user-friendly mobile app from Vyapar. You can also view the status of your cattle using the complete accounting software from Vyapar, and when alerts are activated, you will be informed when there are low stock levels and receive important information about your inventory.

It is important to note that the software is GST-compatible. either works offline or online.

You can reduce overbuying or even running out of stock with thorough inventory control. This GST invoicing tool lets you effectively send payment reminders to clients, helping you stay on top of your finances and track outstanding debts.

Pricing

Pros

• Affordable
• User-friendly dashboard

Cons

• Poor customer service

MIE Trak Pro

MIE Trak Pro is an Enterprise Resource Planning (or ERP) plus Material Requirements Planning (or MRP) system that provides medium manufacturing companies with an intelligent platform from which to manage inventories, track projects, and plan purchases.

MIE Trak Pro strives to provide an all-in-one ERP and MRP solution by integrating inventory management, task order management, and scheduling functions.

MIE Trak Pro

MIE Trak Pro gives users the tools to handle everything from quoting and estimations to invoicing and accounting because it was created to connect all of the business processes used in manufacturing.

In addition to accounting management, users can manage sales orders, work orders, and purchase orders, as well as keep track of stock items and asset inventory.

By enabling customers to create bespoke quotes, streamline work order creation, and monitor the movement of stock items online, MIE Trak Pro helps to simplify manufacturing ERP.

In addition to inventory management, MIE Trak Pro includes connectivity with QuickBooks and Sage, enabling users to effortlessly import and export invoices as well as customer and supplier data.

Last but not least, MIE Trak Pro’s accounting integration enables customers to properly and simply manage financial statements, payroll operations, and reconciliations.

Pricing

• Contact the vendor for pricing details

Pros

• Simple to install and implement
• Very flexible and easy to customize

Cons

• It takes time to learn

Bellwether PO and Inventory 

Bellwether Purchasing Software is a well-known on-premise and cloud-based procurement and inventory management solution.

Bellwether PO and Inventory

Requisitions, management of purchase orders,  approval routing, receiving, matching of invoices, inventory management, as well as self-service order status are among the key features.

Not only that, the requisition module gives users the option to choose items and enter them into shopping carts, adjust order line fields, and view budget spending in percentage terms for GL Accounts, Projects, Jobs, and other budgets.

Based on order cash amount, item kinds, department, or other specific requirements, the approval module offers conditional approval routing. The entire order or individual line items can be approved or rejected by users.

Along with that, the purchasing module offers the ability to create purchase orders in a single or several POs. Users can match shipment quantities, and information, track partial shipments, as well as track rejections using the receiving module.

Pricing

• Starting from $8.50 per month

Pros

• Easy to use
• Affordable for most small businesses

Cons

• The approval process may occasionally be randomized, which lengthens the process

Ecount 

Small and midsize enterprises might benefit from this cloud-based small business inventory system integrated enterprise resource planning (ERP) system, ECOUNT. Inventory, production, shipping, sales, bookkeeping, and payroll are all easier to manage.

Ecount

Users can track inventory movement across all locations thanks to ECOUNT’s inventory management features. Multiple sites, warehouses, distribution centers, and storefronts can all be managed by users.

With ECOUNT’s customized sales and inventory reporting module, users can create reports that are either detailed or summarised depending on their needs. Users can alter modules, features, menus, reports, input screens, bills, and vouchers using the customization functionality.

Users can design single-tier or multi-level BOMs, track material consumption, check stock levels, and more with the assistance of the product management function. The solution also handles payables, trades, order invoicing, and acquisitions of sales and materials.

Pricing

• $55.00/month
• $ 660.00/year 

Pros

• Easy to understand and learn
• Basic enough for a small company to use

Cons

• Does not connect with other providers such as Amazon, Shopify, eBay, and PayPal

Cegid Retail 

Cegid Retail is an Omni-commerce solution that integrates customer touch points across platforms for a single retail management experience. It combines POS and Inventory Management.

Cegid Retail

Owing to its cloud-based architecture, Cegid Retail provides SMBs with a single centralized platform that can be accessed from any device. Retailers can manage sales, inventory, customer service, and employee supervision from it.

Cegid strives to improve the consumer experience across all touchpoints, including the shop floor and online, by integrating real-time KPIs, loyalty programs, detailed user profiles, and tailored pricing.

Staff workers can use capabilities like the online inventory to give product information, monitor stock levels in real-time, and handle replenishment orders thanks to mobile integration.

Cegid Retail enables smart stock replenishment, routine inventory checks, and forecasting based on sales or promotions with the use of an internal merchandise management system that automates and centralises inventory data.

Besides inventory management, Cegid provides users with business intelligence through built-in analytics and forecasts, allowing them to track and adjust their retail performance and budget as needed.

Pricing

• Contact vendor for pricing details

Pros

• Mobile-friendly
• Ideal for retail stores

Cons

• The learning curve is quite big

Primaseller 

Primaseller is a cloud-based retail management software that simplifies inventory control and POS transaction automation for users.

It is appropriate for small and medium-sized retail businesses. With the use of this software, retailers can control inventory levels for both physical stores and online shops like Amazon, Shopify, and eBay.

Primaseller

When ordering new products, for example, Primaseller’s purchase management tool makes it possible to communicate with the suppliers. Furthermore, it enables merchants to keep track of customer behavior to spot issues like overstocking.

Users of the POS capability can manage multi-store inventory levels, generate digital product catalogs, and monitor sales activity in each location.

Accounting systems like Tally and QuickBooks are integrated with Primaseller. With the use of accounting connectors, shops can produce balance sheets and view accounting data instantly.

Pricing

• Starting from $100.00 per month

Pros

• Seamlessly integrate with marketplaces and accounting software
• Numerous useful features

Cons

• Need to update more on detailed reports

ERPAG

ERPAG is a cloud-based enterprise resource planning (ERP) application. It is ideal for small and medium-sized businesses across a range of sectors, including retail, automotive, education, information technology, and much more.

ERPAG

The main features include purchasing, sales management, manufacturing management, inventory management, accounting & finance, reporting, and analytics.

Users of ERPAG can control a variety of business operations, such as selling, ordering, receiving, and delivery. Payroll, service administration, shipping management, user access management, point of sale, and barcode scanning are additional functions.

Pricing

• Starting from $25.00 per month

Pros

• Easy to navigate

Cons

• Not integrate with other apps

WooPOS

WooPOS is an advanced, cost-effective Windows desktop retail point of sale and inventory management system.

WooPOS

WooPOS takes care of every facet of your retail operation. All retail industries can be customized.

CRM, customer loyalty, employee commission, time-card, tax by zip code, automatic discount rules, hybrid online and offline database, and 500 detailed analytics reports are among the features. WooCommerce and Shopify are included in the deep e-commerce integration.

Pricing

Pros

• Highly customizable
• A lot of useful functionalities

Cons

• Hard to customize, sometimes

Wrapping Up

The most effective perpetual inventory systems are those that use the best inventory management software.

Nowadays, there are numerous software solutions available to manage inventory for small business in addition to the standard spreadsheet. If your company is just getting started, don’t wait. It’s never a bad idea to invest in cutting-edge technology.

Every step of the way, the best inventory management software for small business is ready and waiting for you.