Top 5 Tool Inventory Software 2021
Tool inventory softwares are essential for businesses. If you are not using inventory management software as a business owner for your business in this age and time, you miss out on the chances to make your business more efficient.
There are several free Inventory management software available in the market; it is left for you to pick the one that suits your business needs. While most free inventory software has limited features to some extent, it is undeniable that they provide you with a useful tool to run your business successfully.
Choosing free inventory software is one of the most cost-effective ways to start using your business’s inventory management software.
Inventory Tracking and Management
Inventory tracking and management is a crucial part of building a successful business. There are hundreds of software options available that you can use to monitor your inventory data.
The best inventory management software for your business depends on your business niche. There is no use signing up for software that includes order management when you’re not selling wholesales products.
Regardless of your business’s industry, or whether you work in manufacturing, retail or wholesale, your inventory is one of the most valuable assets that will show you your business growth.
As a business owner, inventory management is one of the most crucial tasks you must complete to ensure your smooth running. Taking inventory will help you gain insights into how your business is fairing. It will help you determine how to position your products in the market, setting the right product in the right place at the right time and for the right price.
By doing this, you’ll be impacting your warehousing costs and your ability to fulfill orders. The result of this is customer satisfaction. It also lowers the risk of investing in stocks that are not in demand and helps you plan. You also get a hold of pricing fluctuations as they come.
With inventory management software, be rest assured that you’ll handle your business most efficiently, especially if you’re using a suitable tool for your business.
With so many options to choose from, how do you pick the best tool fr your business? This article will discuss features to look out for in inventory software and also recommend the top five inventory software suitable for companies.
Features to Lookout For in an Inventory Software
Some of the features to look out for when choosing an inventory software for your business include:
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Efficiency Tools
To attain efficiency is one of the primary reasons business owners switch from a manual system to a computerized process. Any inventory software you are going for must be efficient enough to take the hassle off you.
Also, the difference between software with an efficiency tool and one without an efficiency tool is glaring. The efficiency tool that comes with inventory management software can impact your business positively.
Some of the most valuable features and tools that’ll aid efficiency include:
- Automation tools that track inventory in real-time
- Predictive data analytics
- Inventory optimization
- Mobile technology
- Quantitative and qualitative forecasting
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Easy Collaboration
The frequent outflow of goods and services can affect an organization badly, which in most cases leads to finger-pointing between people, associates, partners who are supposed to be in charge. It is everyone’s responsibility to keep their part of a commitment to ensure their smooth running and efficiently delivering products.
To ensure clients are always happy and satisfied, procurement, inventory, and logistics must work together. To enhance the process, useful collaboration tools including team messaging software, cloud-based workflow and project management tools will ensure that the supply chains are reliable and fast.
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Reporting And Data
Getting accurate information and data will go a long way in improving and boosting your business. The information that an inventory management software compiles and presents can influence cost-savings decisions.
Other important features you should look out for include:
- Sales reports
- Forecasting
- Inventory hits
- Inventory control
Top 5 Tool Inventory Software 2021
Below are our leading five recommended inventory software:
inflow Inventory
inFlow Inventory is unique for its universality. It is suitable for different sizes of business. With this software, you can manage up to 100 products or customers in its free version. Some of the services this software renders include:
- Sales orders
- Purchase order
- Court sheet functionalities
One of the most significant perks of inflow Inventory is its payment tracking functionality. Aside from the free version, two other plans require payment on this software – the regular and the premium plan.
inFlow helps users maintain a proper stock level and aid the smooth running of their business.
Features of inFlow Inventory
- Customizable
- Stock management
- Serial number assignment and tracking
- Advanced Reporting
- Mobile app, web, and desktop
- Integration
- Order management
- Sales support
- Product database
- Barcode generation and scanning
- Vendor management
- Manufacturing
Pros of inFlow Inventory
- Affordable
- Outlook
- Easy to use
- Automated features
- Prompt customer service
Cons of inFlow Inventory
- It has a limited number of orders that can be processed
- Limited integration
- It is more retail inclined
Pricing plans for inFlow Inventory
| Plan | Price (Monthly) | Users | Order (Monthly) | Features |
| Light | $71.00 | 2 | 100 | · One inventory location
· Two hours of onboarding support |
| Standard | $179.00 | 5 | 1,000 | · Unlimited inventory locations
· B2B online showroom · Four hours of onboarding support |
| Plus | $359.00 | 10 | 5,000 | · Unlimited inventory locations
· B2B online showroom · Six hours of onboarding support |
To accommodate and ease workflow, they are add-ons that give you some advanced features on inFlow. The price of the add-on is based on the package you choose. Below is an insight into the different ranges available and their price range:
- BOM and work orders: $39–$199/monthly.
- Access to inFlow API: $29–$99/monthly.
For an additional fee of $99/monthly, Plus subscribers can add five users.
Fishbowl Manufacturing Inventory
Fishbowl Manufacturing Inventory is a top-notch control tool for tracking inventory levels in your business. It comes with a 14-day trial, and it can:
- Track production facility
- Assign work order
- Supervise manufacturing on multiple projects
This software is suitable for manufacturing businesses due to its advanced production management features.
Features of Fishbowl Manufacturing Inventory
- Inventory management
- Multi-currency capabilities
- Part tracking
- Sales and purchasing
- Shipping
- Reporting
- It allows users to create advanced bills of materials (BOMs)
- Track inventory cost on an item-by-item basis
- Quick integration
- Group work order
- Available on Desktops and laptops
- Advanced work orders
- Advanced bills of materials
Pro of Fishbowl Manufacturing Inventory
- One-time software purchase
- Separate products for warehousing and manufacturing
- Easy imports from QuickBooks
- Integration and migration support packages
- Easy to use
Cons of Fishbowl Manufacturing Inventory
- Poor customer support
- Limited customization
- Pricey
- No FIFO or LIFO support
Fishbowl Pricing Plans
| Users | Fishbowl Manufacturing | Fishbowl Warehouse |
| 2-5 | $5,895 – $10,695 | $4,395–$8,095 |
| 6-10 | $12,595–$18,395 | $9,595–$13,995 |
| 11-15 | $19,985–$23,995 | $15,095–$18,995 |
| 20 | $28,495 | $23,495 |
| 25 | $1,319.80/user | $1,280.51/user |
To receive regular updates on your software, you’ll need to renew your licence for an additional fee of $1,395 – $7,295 for Fishbowl Warehouse and $1,795 – $8,895 Fishbowl Manufacturing. There are also several add-ons available on Fishbowl; luckily, you can try them for free before subscribing to any. Below are some of the adds-on available on Fishbowl:
- Fishbowl Anywhere
- Fishbowl Checkout
- Fishbowl Commerce
- Fishbowl for Salesforce
- Fishbowl Go
- Fishbowl Hosted Services
- Fishbowl SalesPoint
- Fishbowl ShipExpress
- Fishbowl Time & Labor
Zoho Inventory
For starters, Zoho offers a 14-day free comprehensive plan that allows users to accept backorders on out-of-stock items. You can arrange drop shipping and handle multi-currency transactions on this platform.
This inventory software allows small businesses to keep their inventory organized with no stress on a limited budget.
This software is suitable for small businesses; with the paid version, you get enhanced features. You’ll be able to manage multiple warehouses, serial number tracking and batch tracking. Also, you’ll be able to sync various Shopify stores to your account.
Features of Zoho Inventory
- Item management
- Customer lifecycle
- Vendor relations
- Integrations
- Automation
- Smart features
Pros of Zoho Inventory
- It is effective
- Easy to use
- Point of sale feature
- Affordable
- Mobile app for iOS and Android
Cons of Zoho Inventory
- Limited orders monthly
- Limited invoices, warehouses, packing slips and shipping labels
- Lack of limitless customization
Pricing Plans of Zoho Inventory
| Plans | Price |
| Basic | $49 |
| Standard | $99 |
| Pro | $249 |
Zoho allows 20 online orders, 20 offline orders, 12 shipments, and one warehouse monthly.
Ordoro
Ordoro is one of the inventory software for any eCommerce business. This inventory software has everything an online business needs to thrive between its multichannel selling features and dropshipping capabilities.
With this software, you can create products within your system. It allows you to update descriptions, images, branding and gives you access to all or some of your sale channels as you requested.
Features of Ordoro
- Vendor management
- Automates orders
- Non-traditional management strategy
- Inventory management
- Dropshipping
- Shipping
- Kitting
- Analytics
- Integration
- Customer support
Pros of Ordoro
- Prompt customer service
- Exceptional dropshipping features
- Reduced shipping rates
- Integration services
- Easy to use
Cons of Ordoro
- No inventory management features on the basic plan.
- Delayed syncing
- No mobile access
- No forecasting
Price Plans on Ordoro
| Plans | Price (Monthly) | Features |
| Express | $59 | · Discounted USPS rates Automation rules and shipping presets
· Barcode scanning |
| Pros | $49 | · Inventory management Dropshipping
· Kitting |
| Enterprise | Available on request | · Custom workflows and integrations
· Vendor Portals · Supplier management |
Ordoro focuses on making your supply chain swift and efficient by delivering products when needed, minimizing your inventory holding costs, and shipping orders to your customers.
Quickbooks Desktop Enterprise
The Quickbooks Desktop Enterprise comes to mind at the mention of business software. QuickBooks features inventory management and order management with intensive accounting and business management tools.
There are many benefits small businesses stand to gain using this software. With its all-in-one package, users get everything they need to grow their business in one place. This software comes with a 30-day free trial for starters.
Features of QuickBooks Desktop Enterprise
- Inventory tracking
- Automatic reordering
- Location management
- Manufacturing module
- Customizable reporting and dashboards
- Order fulfillment modules
- Integrated tracking of advanced pricing control
- Training and technical support
- General ledger and accounting
Pros of QuickBooks Desktop Enterprise
- Advanced features
- Great customer support
- Reporting and analytics
Cons of QuickBooks Desktop Enterprise
- Pricey
- Not easy to use
- Pc-only
Pricing Plan on QuickBooks Desktop Enterprise
| Plan | Price (monthly) |
| Starter | $12 |
| Essential | $20 |
| Plus | $35 |
| Advanced | $75 |
We hope you enjoyed this article on tool inventory softwares! Our blog is a wonderful resource for small businesses!