Zoho Inventory, Cin7 Core, and Katana are considered to be the best inventory systems for small businesses.
Small business management would be a complex process with the motive of boosting sales. However, using an inventory system for small businesses can be helpful to maintain your daily inventory tasks. It also saves your time and money and prevents human errors. Yet, finding the best inventory software for your business is also a challenging task.
Don’t worry, we will provide a comprehensive guide on how to choose the best small business inventory management. Alongside this, we include widely used inventory software, which may help you to choose the right one.
Let’s explore further to find suitable inventory software to increase sales for your small business.
An inventory management system is the software used to track and monitor raw materials and other inventory tasks that a business holds.
For example, an inventory system for small business records how much raw material you have to restock. It will track the most demanding product in stock and help to monitor previous and present sales. Additionally, it provides information on purchase orders and bills of materials.
Therefore, professional software manages your small business and the inventory you store. This system helps you maintain efficiency by automating every single inventory task.
Instead of third-party software, you can create your inventory system manually. It will be helpful for you to record details free of charge.
Creating a simple inventory system may increase your manual work. But it is a good method to manage your inventory information within your small business without spending a single penny.
Here are the quick steps to create your simple inventory system.
Small business inventory software is crucial for maintaining business time and money. It also improves costly mistakes like ordering stock more than needed and having low stock.
You can also look for several other benefits of inventory software, which are mentioned below.
It’s important to choose suitable inventory management for your small business to get various benefits.
Here are essential factors to keep in mind while selecting small business inventory software.
You have to compare pricing plans of different inventory software available in the market. Simply research the most effective plans that suit your organization and budget. With more in-built features, inventory software is the best to maintain your business.
On the other hand, you can also opt for a free inventory stock management system for small business. Free software is also a good option to monitor your inventory tasks without spending money. Choose the system that matches your financial budget and needs.
Different businesses require different inventory management software. It depends on business size and industry. If you have a small business, it requires basic inventory tracking, while large enterprises need professional automated software.
At the same time, inventory management software for retail stores might need POS integration. Meanwhile, a manufacturing business will require raw materials and work-in-progress inventory software. This shows that business size and type also matter in selecting a management system.
Whether you own an inventory system for small business or large organization, look for integration capabilities. It is necessary to coordinate new inventory software with your existing accounting software.
So, it can facilitate and track how much your business spends on inventory and how much your business earns. Not only this, but your POS (Point of Sale) integration also updates the stock level as items are sold with new inventory management software. As a result, compatibility with software is a must to handle your small business easily.
When you purchase an inventory system, examine the customization of the software. It allows you to tailor the functionality of the inventory management system for small business based on your unique needs and requirements.
Moreover, customized software can help to detect particular data that changes due to operational workflow. It is another feature to deal with your small business changes timely with ease.
You must check the responsive time and customer support features of inventory software. It benefits you to improve customer service, which enriches customer satisfaction. In case clients need any help for a specific issue, it will help them quickly and efficiently.
Therefore, the development in customer support service will help to expand your business’s overall value and reputation.
As we discussed already, different inventory software is designed for specific businesses, industries, and stores. Now dive deeper to learn different types of inventory software. This will guide you in determining which type of software is suitable for your small business.
Here are the following types of inventory management systems that are crucial to maintaining inventory tasks.
This software stores inventory information in the cloud, which can be reviewed by multiple devices with an internet connection. It allows you to manage stock online from different locations.
You can select POS software for tracking sales transactions, including online checkouts, in-store purchases, and self-service stores. It is designed to focus on inventory data at the time of sales.
Accounting software has built-in inventory management features to regulate real-time inventory levels. This software is worthwhile for accessing stocks timely.
We’ve got you !! Figuring out the best inventory management software is a daunting task for you. There are varieties of software to streamline order processes, sales, and stock levels. So, we are here to help you make good decisions for your small business.
Here are the best small business inventory software that provides dozens of tools to maintain your organization.
You may wonder, which is the best free program to keep track of inventory? Zoho Inventory offers the best free plans and decent inventory management features for small businesses. It is a cloud-based software that provides 50 sale orders per month, limited to one user only.
Additionally, it manages business inventory such as multiple channels, stock levels, controlling warehouses, barcodes, and purchases. This software customizes your inventory plans based on orders, warehouses, SMS, branches, and auto scans. Zoho inventory is ideal for entrepreneurs with other paid plans to scale up their businesses.
Pricing Plans:
Standard- $150.28/year
Professional- $312.14/year
Premium- $531.80/year
Enterprise- $1040.48/year
If you need advanced management capabilities and e-commerce app integration, choose Cin7 Core. It provides an all-in-one connected inventory management to support multiple users and standard manufacturing.
In addition, this software allows you to customize your inventory management plans with unique add-ons. Cin7 Core inventory software delivers four exclusive categories including B2B portal, MRP, POS registers, and 3DI/3PL connections. The team is committed to helping grow your business and utilizing Cin7 Core features for the best outcomes.
Pricing Plans:
Standard- $349/month
Pro- $599/month
Advanced- $999/month
Omni- Contact Cin7 Core for pricing
Where inventory management is a complicated process, Sortly has a simple and intuitive UI design. You can effectively use it to upload photos of lists and scan barcodes or QR codes with your smartphone. It can organize your inventory location, alert you for low stock, and automate your audits, budgets, and plans.
On top of that, it automatically syncs your inventory across all devices and updates real-time data from any location. Sortly offers five pricing categories, including a free plan suitable for small businesses.
Pricing Plans:
Free- $0/month
Advanced- $24/month
Ultra- $74/month
Premium- $149/month
Enterprise- Contact Sortly for pricing
This inventory software is specially designed for manufacturing companies. It allows you to track raw materials, finished goods, and stock levels while tracking labor costs and productivity. Katana inventory is a perfect choice for small and medium-sized businesses.
Furthermore, it helps in creating bills of materials, resource allocation, and manufacturing costs. The insights of the dashboard are easy to read and understand through Katana software.
Pricing Plans:
Starter- $179/month
Standard- $359/month
Professional- $799/month
Professional Plus- $1799/month
Veeqo is an Amazon company that demonstrates the efficiency of inventory management. It is a free inventory stock management software that aims to simplify the shipping process for business owners. This software forecasts customer demand, automates inventory tasks, and manages inventory from different locations or stores.
Therefore, it also calculates the distance between customers and stores. Figure out whether a stock is available in the warehouse or not and instantly allocate the inventory to the user. Veeqo also maintains spreadsheets across Amazon, eBay, Shopify, and Walmart for a better experience.
Pricing Plans:
Veeqo is entirely free of cost with unlimited orders.
When you purchase the Finale Inventory plans, you can access the mobile barcode scanner app and optimize warehouse management. You can integrate location and sublocation data into a scanner for tracking inventory easily. The higher premium plans also include QuickBooks online accounting to save your time and money.
Besides this, it can audit stocks using product IDs and serial numbers. This software also offers in-depth financial reporting, stock counts, and reordering. You can achieve sales growth and faster workflows with Finale Inventory.
Pricing Plans:
Self-Starter- $99/month
Bronze- $240/month
Silver- $420/month
Gold- $649/month
Platinum- $949/month
Custom- Talk with the Finale Inventory team
You can simply go for Fishbowl Inventory for seamless work with QuickBooks. It helps you to sync your inventory transactions with your QuickBooks online account. From raw materials to delivery, it can manage all-in-one inventory management tasks efficiently.
Additionally, it keeps financial records in order to manage sales orders, shipping, and invoices. This software completes the gap between every part of a product lifecycle automatically. You can trust Fishbowl Inventory to perform your daily business tasks with full potential.
Pricing Plans:
Basic Inventory- Call for pricing
Advanced Warehousing- Starting at $50/month
Advanced Manufacturing- Starting at $50/month
As a small business inventory management software, Linnworks simplifies stock controls and handles multiple selling channels. It automates manual tasks and streamlines operations for business growth.
This inventory management software works as a centralized platform to control purchase orders, warehouse transfers, and other inventory details. It integrates with online marketplaces like Amazon and eBay to boost sales. However, it has a learning curve that may bother you as a new user.
Pricing Plans:
Linnworks doesn’t reveal the pricing plans. You have to contact them for pricing policies based on your business.
Odoo Inventory offers almost free and budget-friendly open-source inventory software for small business. It lets you utilize a vast collection of business apps in one place with just one click. This software automates accounting, Point of Sale (POS), purchase orders, and inventory tasks easily.
On the other hand, it also integrates with HR and CRM with Odoo’s other services. If you purchase higher pricing plans, you will explore Odoo online, Odoo Studio, Multi-company, and external API.
Pricing Plans:
One App Free- $0
Standard- $24.90/month
Custom- $37.40/month
If you own a retail business, Square can be a sufficient inventory management software. It can offer various business handling features, including real-time inventory updates, and analysis reports. You will always receive alerts related to accurate stock levels to make informed decisions.
Moreover, it offers built-in POS service, unlimited item tracking, and barcode label printing. With three pricing packages, you can simply sell your services online, create invoices, integrate with POS, and optimize text message marketing.
Pricing Plans:
Free- $0 + processing fee
Plus- $29+/month + processing fee
Premium- Contact Sales
Along with the best inventory system, relevant inventory methods also play a vital role. The inventory methods are used to calculate and report inventory turnover. Each company selects its approaches for inventory methods and sticks to them throughout the year.
There are five best inventory methods for small business to calculate the value of a company’s inventory.
In this method, companies calculate the average costs of all inventory and how much they sell them over a specific period.
Hopefully, you understand that small business inventory management software is essential for effective maintenance and results. It helps you manage everyday inventory tasks and improve customer support for a better business reputation.
However, finding a suitable inventory management software can be a tricky task. So, you can select one from the above-mentioned software according to your business specifications and requirements. These top-tier inventory software can be worthwhile for your small business.
Zoho Inventory, Cin7 Core, and Katana are considered to be the best inventory systems for small businesses.
Yes, QuickBooks has an inventory management features. It can track order status, reorder inventory, and calculate inventory costs.
First in, First Out (FIFO) is the best inventory method. It reduces the risk of outdated stock because it sells older items quickly.
Zoho Inventory, Veeqo, Sortly, Oddo, and Square are some free inventory system for small businesses.
Business Journalist
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