Inventory Software For Small Business
The best inventory management software helps inventory software for small business of all sizes – even those with insanely dynamic demand – ensure adequate inventory levels and automate inventory management so you don’t miss a thing. To help you choose the best software, we’ve taken an in-depth look at more than a dozen of the best options. Throughout the process, we found QuickBooks Commerce to be the most comprehensive inventory management tool on the market. It includes everything you need to manage customers, products, and orders like a pro without the price tag of a large corporation inventory software for small business.
The best inventory management software for most
QuickBooks Commerce is our top recommendation for most businesses because it provides everything you need to manage inventory like a pro, regardless of the size of your business or the number of products.
But it also takes things a step further by letting you manage customers, orders and products on a single platform. It integrates seamlessly with dozens of ecommerce platforms, and comes with an iOS app to manage orders on the go. With pricing starting at just $20 per month + QuickBooks Online subscription, it’s a comprehensive and affordable solution.
7 best options for inventory management software:
When does it make sense to invest in inventory management software?
The best inventory management software connects to POS systems to track sales through multiple channels and update inventory in real time.
They also sync with accounting solutions, COGS reports, supply chain management tools and more to centralise key business functions in one place. This removes many moving parts from your business and simplifies things – the fewer moving parts, the less likely something is to break.
Managing all these moving parts with a spreadsheet is very challenging. At the same time, you open the door to human error and waste a huge amount of time that could be focused elsewhere inventory software for small business.
On top of that, these outdated methods can cost
you revenue and loyal customers through delayed deliveries or inaccurate stock levels.
That’s why any company with any type of product should carefully consider updating its inventory management processes.
The good news is that it doesn’t have to cost hundreds of dollars a month. Thanks to new cloud-based implementations, inventory management solutions are readily available to businesses of all sizes and shapes.
There are several solutions designed to help different types of businesses, no matter how big or small your company is.
Bottom line: if your current inventory management system is no longer adequate, or if you use spreadsheets or other manual methods to get the job done, inventory management software is a smart solution.
#1 – QuickBooks Commerce – Best inventory management software for most businesses
QuickBooks Commerce is an inventory management tool designed for businesses of all sizes. It is an all-in-one solution for managing products, payments, customers, orders and more.
With QuickBooks Commerce, you can easily keep track of all your products as you sell, produce and store goods across all your locations, warehouses and sales channels.
So it provides everything you need to automate inventory management, no matter where inventory is in its lifecycle.
In addition, you can manage orders from multiple sales channels to streamline fulfillment processes in your business.
You can also easily manage inventory lists and inventory at any location. Each inventory includes details related to cost, inventory history, product variants, and MAC (Moving Average Cost) so everyone gets a clear picture without having to search for the information they need.
In addition, QuickBooks Commerce offers free onboarding and free 24/7 technical support.
New users are eligible for a special introductory price for QuickBooks Commerce of $20 per month for the first year. Normally it costs $150 per month, so the special offer is definitely a bargain.
What’s not so great about QuickBooks Commerce is that it can only be used in conjunction with QuickBooks Online. So you have to sign up for it if you’re not already using it.
QuickBooks Online plans include:
Intuit is always making offers to sign up for QuickBooks Online, though. But Intuit Online always offers incentives for QuickBooks Online.
In addition, new purchasers of QuickBooks Online get one year of QuickBooks Commerce at an extreme discount.
In addition, our readers have access to a 14-day free trial of QuickBooks Commerce. Try it free for 14 days to see if it’s right for you and your team!
#2 – Finale Inventory – the best inventory management software for multi-site businesses
Finale Inventory is a great choice for fast-growing companies. All plans of this cloud-based software support multi-site organizations. Other providers on the market usually force you to upgrade to a higher level to get this functionality.
The software has over 40 multi-channel integrations with platforms such as Shopify, eBay, Amazon, WooCommerce, Magento and other online marketplaces. Finale also has an open API that can be integrated with third-party software.
Finale Inventory has tools and features for inventory management, order management, purchasing and replenishment, product unloading costs, lot ID tracking, serial number tracking, barcode label printing, inventory transfer and more.
You also benefit from powerful dashboards, custom dashboards and detailed reports to make crucial decisions.
Here’s a brief overview of Finale Inventory plans and pricing:
As mentioned earlier, all plans support businesses with multiple locations. Pricing is largely based on the number of users and monthly order volume. For example, the Bronze plan supports two users and 1,000 orders per month, while the Platinum plan supports 12 users and up to 20,000 orders per month.
Finale Inventory is useful for any company that needs a multi-location inventory management solution inventory software for small business.