Published 23 Mar 2023
An inventory management app is a digital tool used by inventory managers to ensure that stocks, raw materials, and supplies are sufficient to meet production and consumer demands. Proper inventory management is important for businesses regardless of industry as it is directly linked to a company’s ability to make a profit and it can help streamline your inventory management process through easy smartform customization, powerful data analytics, and fast reporting. Also referred to as Inventory Management Software, a good inventory management app should generate detailed reports, showcase data analytics, and help users leverage the two to gain actionable business insights for effective decision-making.
Free version: Available for teams of up to 10
Pricing: Premium plan $19/month (with free 30-day trial period)
Platforms supported: Available on mobile app (iOS and Android) or a web-based software
Why Use SafetyCulture?
SafetyCulture allows businesses to track their inventory levels, create reports, and manage their stock from one central location. The app is designed to make the inventory management process efficient and straightforward for businesses. Since it is hosted in the cloud, it may be accessed from any computer or mobile device. SafetyCulture is the perfect tool for businesses to streamline their inventory management process and save time. If you’re just starting out on your inventory management or looking for a tool that better fits your needs, the SafetyCulture public library contains thousands of customizable templates you can use for free. Inventory managers can get real-time inventory reports the moment inspections are completed and synced. Using SafetyCulture as inventory management software allows you to automatically generate flexible inventory reports. Inspections are also made easier by allowing customizations like media uploads, product SKUs, notes, logic queries, and location data. This app can also be integrated with other inventory management systems to maximize workflow automation. SafetyCulture smart sensors work alongside the app. This sensor can help track and maintain the quality for perishable goods. The sensor monitors temperature, humidity, air quality, and as well as when a door opens or closes. SafetyCulture also offers free customer support and educational resources for easier onboarding and solutions.
How to Use SafetyCulture as Your Inventory Management App:
Why Use InFlow?
InFlow Inventory app is a powerful and easy-to-use software system that helps businesses keep track of their inventory levels. The app can track physical and virtual inventory and offers users real-time data on inventory levels. Additionally, InFlow Inventory includes various tools that simplify inventory management, such as creating buy orders, establishing reorder points, and tracking sales data, giving businesses complete control over their inventory. This app is best for for mid-sized and large enterprises across industries.
Free version: Not available
Pricing: Starts at $89 for up to 2 members per month (with a 14-day free trial)
Platforms supported: Web, iOS, and Android
Why Use Jazva?
Jazva can help businesses strike the right balance between real-time inventory tracking, automated purchase orders, and delivery tracking. With Jazva, businesses can be confident that they are always stocked with the right products at the right time. In addition, Jazva's software integrates with many popular e-commerce platforms, like Shopify, Woocommerce, Magento, and many more. It makes inventory management across multiple platforms a breeze. This app is best used by high-volume retailers and wholesalers who are looking to scale their businesses.
Pricing: Contact Jazva for more info
Platforms supported: Web
Why Use SKULabs?
SKULabs is a multi-channel inventory management software that offers businesses a centralized platform to track and manage their inventory. The software integrates with major e-commerce platforms such as Shopify, eBay, and Amazon, making it easy to keep track of inventory across multiple channels. SKULabs also offers barcode scanning, real-time updates, and automated order fulfillment. These features help businesses to save time and improve efficiency. In addition, the software provides detailed reports that can be used to optimize stock levels and improve profitability. SKULabs is best for e-commerce businesses, online retailers, wholesalers, and distributors.
Pricing: Starts at 299/month
Why Use QuickBooks Commerce?
Formerly TradeGecko, QuickBooks Commerce is a cloud-based inventory management software that streamlines operations, from purchasing and manufacturing to fulfillment and sales. It helps companies manage every aspect of their business in one place. QuickBooks Commerce provides insights and resources to simplify operations, from product and supplier management to inventory control and order fulfillment.
Pricing: Starts at $30, 50% off for the first 3 months (with a 30-day free trial)
Why Use Zoho?
Zoho Inventory app is a powerful tool that will help to increase your sales and keep track of every unit in your inventory. It is an all-in-one inventory management solution that helps businesses streamline their operations, optimize their stock levels, and boost their bottom line. This app is best for small- to medium-sized e-commerce businesses.
Free version: Yes, up to 2 users
Pricing: Paid plan starts at $59/month (with a 14-day free trial)
Why Use Finale Inventory?
Finale Inventory provides a multi-channel, cloud-based inventory management software designed for high-volume eCommerce industries. Finale's inventory management software is used by some of the largest online retailers in the world. With features such as real-time inventory synchronization, automated order processing, and built-in reporting, Finale Inventory helps businesses save time and increase efficiency. This app is best for small- to mid-sized manufacturers, distributors, wholesale businesses, and multi-channel e-retailers.
Pricing: Starts at $75/month (with a 14-day trial)
Platforms supported: Web and mobile devices
Why Use Veeqo?
Veeqo is a cloud-based inventory management app that helps small businesses track inventory, automate order fulfillment, and reduce costs. Veeqo is perfect for any business that sells online, including e-commerce stores, dropshippers, and manufacturers. With Veeqo, you can easily create custom reports, view real-time inventory information, and monitor sales and shipments. The app integrates with popular accounting software, making it simple to sync inventory across multiple warehouse locations.
Free version: Yes, completely free
Pricing: Free to use
Why Use Ordoro?
Ordoro is an all-in-one, web-based platform that helps e-commerce brands manage their inventory and order fulfillment. They provide small- to medium-sized businesses with the same back-office tools that large-scale corporations have—at an affordable price.
Free version: Available
Pricing: Paid plan starts at $59/month (with free trial)
Why Use Sortly?
Sortly is an inventory management software that can help you keep track of your stock levels. With Sortly, you can create an inventory of your products, set reorder thresholds, and track your sales. The data can help you make better decisions about your inventory levels and ultimately save money. In addition, Sortly's mobile app makes it easy to keep track of your inventory when you're on the go.
Free version: Yes, with limited features
Pricing: Advanced Plan starts at $29 per month, billed annually (with 14-day free trial)
Why Use Shopify?
Shopify is an e-commerce platform that allows users to list their products and services online. This virtual storefront can help you build your brand and manage your product listings more efficiently. Spend less time creating your online store by choosing from available templates or start from scratch easily using Shopify’s uncomplicated interface. This app is best for online sellers should use this app if they’re planning to move their business to an exclusive online platform. Shopify enables freedom and flexibility for business owners while offering features such as inventory of available products and summary of fulfilled orders.
Pricing: Basic plan starts at $19/month (with a 3-day free trial)
Why Use Square Inventory?
Square Inventory is part of the Square software suite that offers an ample amount of inventory management capabilities. It works best when it’s integrated with the main software and used as an entire system. Square, the main application, is a point of sale (POS) system used commonly by retail companies and restaurants. Square goes beyond the cash register by using mobile gadgets such as tablets to manage sales in-store. This is the ideal option for businesses that don’t have a permanent location because it’s an equipment you can take anywhere and everywhere. Square Inventory automates numerous processes such as sales, payroll, inventory, and allows for cashless transactions via its electronic payments feature. This software works best for the retail and restaurant industry. Examples are food trucks and mobile businesses that need an on the go POS and inventory system.
Free version: Using the inventory management feature is free, however, every successful customer transaction has a fee
Pricing: Paid plan starts at $29/month
Why Use Lightspeed?
Lightspeed, merged with Shopkeep, is a complete POS system that features an inventory management feature. This application is similar to Quickbooks in terms of functionality but is not marketed as an accounting software solution. The difference is that Lightspeed has less accounting features and focuses on actual sales and product stock. The app’s inventory tab is customizable and adding new products can be done manually or by uploading a csv file. The items in inventory can be organized per department, category, and supplier which helps save time and prevents issues with the product. This software is an excellent option for any business that needs a POS system that can also handle stock inventory.
Pricing: Lean Plan starts at $119 per month, billed annually (with free trial)
Platforms supported: Web, Windows
Why Use Megaventory?
The main feature of Megaventory is inventory management. It includes every feature that a business may need for stock and inventory. Other features such as order fulfillment, report creation, manufacturing tracking, data administration, and software customization are also present within the software. This application can be integrated with the previously mentioned software solutions Shopify and Quickbooks. Megaventory works best for medium- to large-scale companies in the franchise, retail, and manufacturing industries. Use Megaventory if you're looking fora great standalone inventory management app. Smaller businesses might be better off using an all-in-one selling platform and then integrate a standalone inventory app as the business scales up.
Pricing: Starts at $150 per month for 5 users (with free trial)
Why Use Caspio?
Caspio specializes in customized software but there is pre-built software available. Not all accounts have customization capabilities as seen on the pricing below. With that being said, currently there is no pre-built inventory management software in Caspio. Users will have to keep in contact with the software developers to assist them with the features they want, pricing could change depending on the requested customization. Caspio is made for businesses that want every feature to be exactly what they want it to have. The available features are good but for the price point, it seems to be better off choosing another one from the list especially if it’s a small and medium sized business.
Free version: Yes, unlimited users but it cannot be customized, inventory management isn’t part of the free features and readymade software
Pricing: Paid plan starts at 127.50/month
Why Use Odoo?
Odoo enables users to select which applications they need with their system. It eliminates the need to integrate external applications unlike the previous inventory management options. The features for this software include everything a business may need for their inventory management at a good price, including [state unique selling point or main features. This is a great inventory management software option for its price that even small businesses can benefit from. This is the perfect option for businesses that want to pick which apps to include with the inventory management app to create an all in one system that addresses specific business needs.
Free version: Free for one app
Pricing: Paid plan starts at $7.25 per user/month
The value of inventory is integral in any goods-based business. It helps prevent operational issues such as stockouts or overstocking, and any other issues that can contribute to business loss or failure. Having proper inventory management can benefit the business in many ways, such as:
Many businesses across the world, large or small, still perform their inventory management using the traditional method of pen and paper. While this may have worked, the process has been proven to be inefficient. The process took a significant amount of time and was vulnerable to inaccuracy.
With the traditional method being ineffective, businesses have moved to smarter work strategies and services. Mobile applications such as inventory management apps can help with inventory-related tasks by providing ease of access and showing changes in real-time, empowering people to work more efficiently.
The ease of using a digital inventory template can also help in assessing the current assets to identify if stocks are sufficient for business’ deliverables. Using a handheld device helps to capture photo evidence and assign corrective actions immediately to avoid overproduction, product spoilage, or inadequate supplies.
Handling inventory and orders can take up a lot of time, especially as the business grows bigger. That’s why more and more businesses are choosing to convert from manual inventory to digital inventory management. The top benefit of going digital is that applications and software are jam packed with features that helps save time. These digital tools also ensure that data is free from human error.
There are different factors that should be considered before deciding which inventory management software best fits your business. Think about the features you may need, the price, and also your business size.
The list above presents numerous top features to look out for when deciding on the right inventory management application. The features common among the apps in the list include stock notifications, integrations, ability to create unique barcode/QR, and order trackers. Exclusive features, such as ones for enterprise or higher-tier accounts, include support for large-scale inventory, multiple locations, and high security.
Some of the aps listed are geared toward product sales such as Shopify and ShopKeep, with inventory management working as a database of current stocks. SafetyCulture and its smart sensors effectively control inventory by tracking real-time quality and quantity of stocks and raw materials . Interested users that know what specific features they need but can’t seem to find the perfect fit should try software options that offer customization such as Caspio.
Depending on the features, the average pricing for inventory management software ranges from $10 per user per month to $500 for a lifetime license.
Licenses only give the right to use the software and not ownership, which limits the user to the specified terms and conditions. Software subscribers are account holders that pay every billing period to use the product. When the plan ends, the user will lose access to the software or application until they renew or continue to pay for the plan.
Generally, inventory management software is priced based on the number of:
To choose the right inventory management system, you also have to consider the size of your teams. Putting people at the forefront of business decisions helps you make sure that you’re empowering employees with the right tools, enabling them to do their jobs more efficiently. Here are some suggestions for what inventory management system to choose based on company size:
Small – This business size should consider free inventory management applications first since most offer free features that fit small businesses. Companies that fall under this category can easily choose and switch between applications.
Medium – Considered the “in-between business size,” this business size can benefit from features offered by most inventory management software. The problem is choosing which software to use and what price point is fair. A great way to do so is to choose software that offers free trials of their premium accounts. Some can even offer to extend the trial until you reach a decision.
Large – Software solutions that offer enterprise accounts should be the main consideration in choosing an inventory management system for a company this size. It’s also important to check if the software offers full flexibility, customization, and support.
This article covered everything you needed to know about inventory management app/software. Overall, the inventory management software your business chooses to integrate with your system should make inventory more efficient and accurate.
Rob Paredes is a content contributor for SafetyCulture. He is a content writer who also does copy for websites, sales pages, and landing pages. Rob worked as a financial advisor, a freelance copywriter, and a Network Engineer for more than a decade before joining SafetyCulture. He got interested in writing because of the influence of his friends; aside from writing, he has an interest in personal finance, dogs, and collecting Allen Iverson cards.