SafetyCulture Summit 2021
Choose from among the best inventory management applications for your retail business
Published 23 Apr 2021
The retail industry handles various types of goods such as clothing, appliances, and perishable items. Because it manages large volumes of products, changes in stock availability can easily be mismanaged. Digital tools aid businesses to efficiently manage day-to-day operations such as tracking inventory. Help your employees complete inventory tasks quickly and accurately by using one of the following retail inventory management software:
iAuditor is a digital tool available on mobile and web that can be used for keeping track of product stock in terms of quality and quantity. This is a handy app for companies that plan to move away from using paper forms and checklists when doing retail inventory, with its smart forms feature that automatically converts existing paper files into digital forms. If you’re just starting out on your retail inventory management or looking for a tool that better fits your needs, the iAuditor templates library contains thousands of customizable templates for free. Store managers and supervisors can get real-time inventory reports that are automatically generated using the iAuditor mobile app immediately after an inspection is done. 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. iAuditor smart sensors work alongside the app to help track and maintain the quality of perishable products. The sensors can monitor temperature, humidity, and air quality. More features for these sensors are constantly rolling out. iAuditor also offers free customer support and educational resources for easier onboarding.
Small and medium businesses and enterprises from any industry can use iAuditor as inventory management software. A user-friendly mobile and web app interface helps minimize the learning curve so that employees can use it within minutes. Download iAuditor on iOS and Android devices or use the web platform to access your data on popular web browsers.
Ordoro is a web platform that manages the end-to-end process of product sales. This system includes an extensive product inventory management feature which fits seamlessly with shipping, kitting, dropshipping, automation, barcode scanning, suppliers analytics, insurance, and returns. The goal of Ordoro is to deliver an automated software solution that continuously updates product information.
Ordoro retail inventory management is for you if your business is medium to large-scale, featuring an inventory control center that can be used as a link to multiple selling channels and also as a hub for your suppliers. The max export quantity is a feature that creates an illusion of scarcity. For example the total stock available is 50 but with this tool, it limits the product quantity available such as 10 in your shop and replenishes it automatically. Overall, Ordoro is an all-in-one system that leans toward the expensive side, so make sure that you can maximize all its features.
Similar to Ordoro, inFlow inventory is a digital tool that helps manage product inventory. The key difference is that it has a simpler and cleaner software design. This retail management inventory software includes additional features such as sales and invoicing. inFlow promises to keep your business running smoothly through its automated capabilities.
inFlow caters to small, medium and large-scale businesses. The inventory management feature is included for all plans unlike the previous tool, Ordoro. Choose this application if you need to integrate an extensive inventory management software to your existing e-commerce storefront.
Partkeepr is an open-source retail inventory management software. The source code available on their website provides the basic features needed for tracking product stocks. The design of the downloadable source code is reminiscent of the past decade but could be changed with a few tweaks within the source code.
Business owners and employees that are knowledgeable in coding software and developing applications can save up on costs with Partkeepr. The strong point of this software is the highly flexible but time-consuming programming options. It is for you if you want to customize your own inventory system or program design is the least priority. Consider, however, that employees might need extensive training before rolling this inventory system out.
Free – PartKeepr is an open-source software solution
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.
It’s important to note that the focus of Shopify is creating and designing online storefronts for businesses and artists. It includes retail inventory management as an extra feature. 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.
Sortly is a straightforward retail inventory management software that makes the process easy for beginners. Unlike the previously mentioned applications, Sortly can also track raw materials along with other products. This inventory management app can generate QR and barcodes for products and other goods for easier and more efficient tracking and recordkeeping. Data entry fields can be customized to only track what’s important or what needs to be monitored at any given time. Inventory report data can then be imported and exported in bulk via CSV.
Sortly is recommended for new businesses since Sortly has a user-friendly interface that’s easy to learn. It’s available on mobile devices and on the web, with support for popular web browsers. The software is an ideal option for businesses that track stock and inventory. Users also have the option to easily integrate the software with their existing systems, but it also works well as a standalone inventory management system if the business doesn’t need a POS or accounting system.
RightControl is a reliable and straightforward retail inventory software. This retail inventory management software is only available using personal computers, with a software design common to popular business software systems. The features of this software are limited to keeping track of inventory.
RightControl is for intermediate users that are used to older software. This is recommended for small and medium-sized businesses due to the pricing and limited locations. This system can’t be integrated with other software as well, which is a requirement for most large companies or established businesses. RightControl offers the basic needs of retail inventory management software, but lacks a web platform and other additional features.
All plans have access to every feature.
Revel is an all in one retail POS system that offers hardware and software. The retail inventory management feature works alongside their other features such as delivery and employee management. Retail inventory management is made easy due to real-time stock availability and ability to generate purchase orders when stocks are low.
Revel retail management system fits all sizes of businesses. This application is for your business if you need to incorporate a POS system with inventory management features for your physical stores. Restaurants can also greatly benefit from this type of retail inventory management software due to additional features such as tableside ordering and floor plan and table management. Contact Revel for the customizable features.
The pricing for Revel is separated for POS software and implementation costs. Processing stays for free unlike Shopify which charges 2% for every transaction. There are additional costs for hardware such as iPad, printers, and payment devices. They also offer iPad stands and self-service kiosks with Revel branding.
POS Software – starts at $99 per month
Implementation – starts at $674
ShopKeep is a complete POS system that features a retail inventory management feature. ShopKeep 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.
Shopkeep is more an online storefront platform than an inventory management software, but it is a feature. This software is an excellent option for any business that needs a POS system that can also handle stock inventory. The basic account’s features are not as limited as other POS system software alternatives, which makes ShopKeepgreat to get started with.
Vend offers a retail inventory management software that can work with other POS systems. This is similar to other previous apps with inventory features such as stock control and multi-channel inventory if your business lists products on different platforms. Vend is available using the mobile app and web platform.
The pricing for Vend is above average for almost the same features as previous retail inventory management software. However check if the user design experience resonates with your business more.
Retail inventory management software is a digital tool that enables efficient and accurate reporting of product inventory. A retail inventory management app should be able to keep things under control and improve sales productivity.
Retailers know the importance of inventory, situations such as running out of stock can impact the profit for the day; if there’s no products available then there won’t be any sale for the day. Digital tools such as retail inventory management software are made so that businesses can spend less time on tracking stocks for products. The main advantage of digital retail inventory tools is that most offer low stock alerts. These software also ensure that inventory and product data will be accurate, these data can negatively affect business operations if errors are made. Another advantage is that some inventory management applications can keep track of not only the quantity of inventory but also the quality of products such as iAuditor’s smart sensors. Overall, incorporating digital inventory tools over manual options is gaining the ability to automate and keep the business running efficiently. Whichever retail inventory management application your business uses from this list will surely help you achieve a lean business.
As a researcher and content writer for SafetyCulture, Erica is tasked to contribute to the expansive information available on the website. She makes sure that her content contains correct and timely sources for various industries. Her goal is to help spread awareness and create a culture of safety in the workplace.
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