Last Reviewed: November 20th, 2024

Best Enterprise Inventory Management Software Of 2024

What is Enterprise Inventory Management Software?

Enterprise Inventory Management Software centers on efficient inventory control, a critical undertaking for robust businesses. It resolves issues like overstocking, understocking, and disorganization which diminish profitability and efficiency. This tool's importance is cemented by its facilitation of accurate inventory control while optimizing costs. Main features include real-time stock visibility, demand forecasting, and warehouse management. Functions like AI-powered predictive analysis and IoT-enhanced tracking are up and coming. Operations-intensive sectors such as manufacturing, retail, and logistics stand to gain the most. However, potential limitations include complex implementation and required user training. In essence, Enterprise Inventory Management Software, while demanding on the front end, paves the way for smoother operations and healthier bottom lines through proficient inventory management. It presents an efficient method of overcoming common inventory obstacles, ensuring the optimal utilization of resources, reducing overheads, and ultimately, driving profitability.

What Are The Key Benefits of Enterprise Inventory Management Software?

  • Improves inventory accuracy
  • Avoids overstocking
  • Prevents understocking
  • Optimizes warehouse management
  • Enables real-time tracking
  • Fosters demand forecasting
  • Boosts operational efficiency
  • Reduces stock obsolescence
  • Streamlines order management
  • Enhances customer satisfaction
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Overall

Based on the latest available data collected by SelectHub for 209 solutions, we determined the following solutions are the best Enterprise Inventory Management Software overall:

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Deployment
Cloud On-Premise
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Why We Picked Zoho Inventory

Zoho Inventory garners positive reviews for its user-friendly interface, real-time inventory tracking, and affordability, particularly for small and medium-sized businesses (SMBs). Many appreciate its intuitive design, even for those new to inventory management, and its free plan, which caters to businesses starting out. Streamlined workflows and multi-channel selling support are frequently lauded, helping users automate tasks and manage inventory across various sales channels efficiently.

However, some users find the free plan's feature set limiting, lacking advanced functionalities like demand forecasting and integrations with popular third-party platforms. Customization also presents challenges for some, desiring more flexibility in tailoring reports and workflows. While a mobile app exists, it occasionally encounters glitches and lacks the full feature range of the desktop version.

Zoho Inventory stands out compared to competitors for its free plan and cost-effectiveness, attracting budget-conscious businesses. Users often praise its ease of use and intuitive interface, making it a suitable choice for those less tech-savvy. However, if extensive features, high customization, and robust mobile functionality are crucial, competitors like Square Online Store Inventory or Xero Inventory might be better suited for complex needs.

Ultimately, Zoho Inventory shines for its user-friendliness, affordability, and core inventory management functionalities. While it may not cater to every business need, its strengths resonate with budget-conscious SMBs seeking a user-friendly platform to streamline their inventory operations.

Pros & Cons

  • User-friendly interface: Intuitive design and easy navigation make it simple to learn and use, even for those without extensive inventory management experience.
  • Real-time inventory visibility: Track stock levels across multiple locations and channels in real-time, ensuring accurate data for informed decision-making.
  • Automated workflows: Streamline tasks like purchase orders, sales orders, and invoicing to save time and reduce manual errors.
  • Customizable reporting: Generate detailed reports on inventory levels, sales performance, and other key metrics to gain insights and make data-driven decisions.
  • Multi-channel selling support: Manage inventory seamlessly across online stores, marketplaces, and physical outlets, preventing overselling and ensuring accurate stock levels.
  • Mobile app for on-the-go access: Manage inventory, track orders, and fulfill shipments from anywhere using the Zoho Inventory mobile app.
  • Integration with other Zoho apps: Connect with Zoho Books, Zoho CRM, and other Zoho apps for a unified business ecosystem and streamlined workflows.
  • Affordable pricing: Free plan for small businesses and affordable paid plans for growing businesses, making it a cost-effective solution.
  • Limited features in free plan: The free plan lacks advanced features like batch tracking, demand forecasting, and integration with third-party platforms.
  • Customization challenges: Some users find it challenging to customize certain aspects of the software, such as reports and workflows, to fit their specific needs.
  • Mobile app limitations: The mobile app lacks some features available in the desktop version, and some users report occasional glitches and slow performance.
  • Customer support variability: While Zoho Inventory offers various support options, response times and quality can vary, with some users reporting slow or unhelpful support experiences.
  • Scalability concerns: Very large businesses with complex inventory needs might find Zoho Inventory's features and scalability limited, requiring a more robust solution.

Key Features

  • Inventory Control:  
    •  Offers centralized inventory that automatically updates inventory quantities across all selling channels whenever a sale is made. 
    •  Features include product listing, item kitting, re-ordering, stock adjustments and more. 
    •  Verify and approve transactions created before they’re reflected in accounts and reports. 
    •  Set an approval workflow for transfer orders, sales transactions and purchase transactions. 
  • Order Management:  
    •  Helps manage sales and purchase orders. Shares delivery updates from a single-source order management system. 
    •  Supports online order management and movement of packages post-shipment through a single platform. 
    •  Integrates with Amazon, eBay, Etsy and Shopify. 
    • Safety Stock and Reorder: Calculate reorder points and maintain safety stock in the business to prevent running out of stock. Set reorder points and get updates on vital stock-level information. Also optimizes holding costs and reduces the probability of overstocking. 
    • Reports:  
      •  Helps monitor purchases, study sales trends and identify top performing items using inventory reporting options. 
      •  Includes inventory reports, sales and customer reports, purchase and payment reports, and activity logs. 
      •  Enables finding the item volumes shipped in and out from each warehouse. 
    • Warehouse Management: Supports multiple warehouse environments and the transfer of stock between them. Leverage actionable insights provided by warehousing reports. Set the closest warehouse for customers when preparing sales orders to get products to their destinations as quickly as possible. 
    • Multichannel Selling: Manages, controls, measures and fulfills multi-channel selling with the help of a single inventory management application. Supports multiple currencies and uses multiple payment gateways to ensure quick and correct payments. Also shares insights for performance of multiple sales channels. 
    • Order Fulfillment: Manages workflows and fulfills orders. Offers a common dashboard, an overview of orders, automatic packing slips, over 40 integrated shipping carriers and more. Create shipping labels and find real-time shipping expenses for each order before dispatch. Make drop shipments and let vendors ship directly to the client. 
Start Price
$99
Monthly
Company Size
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Deployment
Cloud On-Premise
Platform
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Why We Picked Finale Inventory

Finale Inventory provides comprehensive cloud-based solutions with a range of user-friendly features that help enhance inventory management processes. No iOS and Mac support is one major shortcoming of the software. Other than that, it sometimes loads slow, especially when transferring large amounts of data. There is no direct FBA integration as per user reviews. However, the support team is quite quick to resolve any issues. Flexibility and affordability are some other promising pros users commonly cite. Altogether, for non-Mac users, it’s a solid choice for those looking for an inventory management solution that does the job and is easy on the budget.

Pros & Cons

  • Ease of Use: More than 90% of reviews on this aspect suggest that it has a simple interface and easy-to-use features.
  • Flexible System: Offers flexible inventory management support especially for deployment, reporting and inventory tracking, according to 100% of reviews on flexibility.
  • Affordable Suite: All reviews on this aspect suggest that it’s an extremely cost-effective software - having a variety of capabilities - in comparison to its competitors.
  • Customer Support: The support offered is extremely helpful, responsive and quick, in the view of more than 95% of reviews on customer support.
  • Streamlined Operations: According to 85% of reviews on this feature, it assists and facilitates inventory management that saves time and improves efficiency.
  • Loads Slow: Loading big data sets is slow at times, though Finale’s team is bringing improvements, as all reviews on the feature reflect.
  • Doesn’t Support iOS Browser: The software doesn’t support Mac and iOS browsers and its interface, according to all reviews on the topic.
  • Lacks FBA Integration: Inability to connect with FBA requires users to set virtual warehouses and inventory levels as well as map sales with a warehouse, as all reviews on the feature indicate.

Key Features

  • Multiple Integrations: Offers integration options with over 40 enterprise platforms including accounting and channel management solutions, marketplace platforms and POS systems such as Shopify, QuickBooks, Amazon and Etsy. 
  • Restock Forecasts: Leverages sales history to dynamically calculate reorders and the best times to request more of a certain item. Automatically calculates reorder points on the basis of desired days of inventory, supplier lead times and sales velocity. Helps optimize inventory space without the fear of a stock outage. 
  • Cost Analysis: Provides overhead view of crucial inventory information. Drill-down capabilities facilitate analysis of helpful metrics such as gross profit margins and the average per unit cost of products. Allows comparing the average cost for a single unit against set retail pricing. 
  • Multi-Warehouse Support: Quickly and accurately view where stock is, when it is moving and ETA through a centralized tracking function. 
  • Barcode Scanning:  
    •  Connect with barcode scanning features present in many warehousing operations. 
    •  Receive out-of-the-box support for picking, transferring, receiving and stock taking to aid in the quick optimization of warehouse space and product location. 
    •  Access printed and displayed reports to search by lot ID or part number as well as maintain component lot ID logs for assembled or manufactured items. 
  • Search Tools: Provides a historical record of vital business intelligence data via a centralized database. Previous sales records can be sorted and analyzed for valuable data that can be used for forecasting and planning. Offers search and filter features, and offers multi-location support by tracking inventory at all locations. 
  • Stock Auditing: Assists with effective stock audits and helps understand any discrepancies in new stock history reports. 
  • Inventory Purchasing: Helps centralize purchases and replenish stock with an individual database. Forecasting tools assist with restock purchase decisions. Also enables receiving partial shipments, creating reconciliation backorders at a later date and more. 
Start Price
$25
Monthly
Company Size
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Why We Picked ecomdash

Ecomdash supports retailers looking for an inventory management and order fulfillment solution that’s easy to use and navigate. It doesn’t print barcodes, a notable drawback since that’s a substantial feature for a lot of online businesses that require help with order processing or inventory. Most reviewers state that it has a steep learning curve for new users. The majority of users also experience bugs in software updates. However, support is quick and effective at resolving such issues. Order processing and data uploads are other pros, aiding greater efficiency according to many reviews. All in all, it’s a good choice for companies that don’t require barcode printing or scanning.

Pros & Cons

  • Integrated Solution: According to 100% of reviews on integration, having tools for sales, shipping and accounting integrated into one platform is a primary advantage of using the software.
  • Easy to Use: The software is quite easy to use and navigate, according to more than 95% of reviews on this feature.
  • Order Processing: According to more than 80% of reviews on this aspect, it streamlines and speeds up order processing and management.
  • Data Uploads: All reviews on this feature note the software lets users easily upload all order listings through a CSV file.
  • Customer Support: More than 65% of reviews on this aspect suggest that it offers quick and helpful support, with many representatives going above and beyond to assist and resolve issues.
  • Doesn’t Print Barcodes: It only generates barcodes but can’t scan or print them, which is a major issue in the view of all reviews on barcode printing capabilities.
  • Bugs in Updates: There are major bugs in software updates sometimes, according to more than 85% of reviews on this topic.
  • Steep Learning Curve: All reviews on this aspect state that there’s a steep learning curve for new users, considering the numerous features and capabilities it has.

Key Features

  • Inventory Management: Streamlines inventory tasks across major e-commerce marketplaces and platforms such as Amazon, eBay, Shopify and more. Capabilities include custom alerts, product SKU mapping, multichannel tracking and automated e-commerce tasks. 
  • Order Management: Enables printing shipping labels, routing orders to third-party fulfillment centers and handling integrated order sale channels from start to finish. Streamlines accounting tasks and facilitates quick fulfillment by routing sales orders from sale channels to warehouses. Provides greater visibility and control over order management. 
  • Dropship Automation: Route new orders to suppliers and manage multiple suppliers more easily by keeping all tracking-related information up to date through hands-off communication across the sales channel. Intuitive feed management helps configure, import and manage supplier inventory using SFTP, FTP or HTTP in predefined formats such as CSV and TXT. 
  • Amazon FBA Management: Supports management for inventory and fulfillment across multiple channels. Saves time and increases sales with internal transfer for complete cycle visibility, shipping label printing for Prime orders on Amazon and automated inbound tracking helps. 
  • Multichannel Listing: Reduces the time and effort spent listing several products for sale across multiple channels. Helps set up inventory, launch a new product line, restock inventory, control quantities and relist products when required. Bulk updates and edit features help change up to 250 item listings at once. 
  • E-Commerce Shipping: Provides detailed insights on canceled, shipped and unshipped orders. Manage multiple carries, get shipping discounts, perform bulk actions and leverage automation for faster deliveries. 
  • E-Commerce Reporting: Supports smarter, data-based business decisions, granting the ability to track current inventory costs, forecast future inventory needs, determine the cost of goods sold, and monitor and analyze sales trends. 
  • E-Commerce API: Build custom applications and leverage the API to connect warehouses and suppliers to route multiple orders, automate sales channel updates and accelerate time-to-market. 
  • Purchase Orders: Helps create purchase orders, share them with suppliers, manage online purchases and track landed expenses at the click of a button. Automation ensures inventory quantities are adjusted when inventory is restocked. 
  • Integrations: Integrates with e-commerce platforms, shipping carriers, POS systems, shopping cart service-providers and marketplaces for sales, inventory and shipping. Offers integration with Amazon, eBay, Shopify, WooCommerce, Walmart, Etsy and more. 
Start Price
$89
Monthly
Company Size
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Deployment
Cloud On-Premise
Platform
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Why We Picked inFlow

inFlow is a good option for those looking for a product to assist with inventory management, providing a comprehensive set of capabilities to manage a variety of processes. However, it only works well with small businesses and can be expensive otherwise. Other drawbacks include that it only integrates one way with Shopify and suffers from some bugs. Most users with multiple warehouses find the tool ineffective as well. On the other hand, it has a user-friendly interface and is easy to learn, speeding up user adoption. Users also report that customer service is helpful. All in all, it can be a decent choice for smaller operations.

Pros & Cons

  • User-Friendly Interface: It’s extremely intuitive and easy to use, as 100% of reviews on this aspect indicate.
  • Comprehensive Features: According to all reviews on this aspect, it’s an all-in-one software with a variety of comprehensive capabilities from sales to purchase to inventory management.
  • Customer Service: The customer support staff is supportive, helpful and quick at resolving any issues faced by clients, as more than 85% of reviews about customer service state.
  • Easy to Learn: All reviews on this element indicate that the system has a flat learning curve and is easy to use for new users.
  • Expensive for Large Business: Since pricing is based on the number of orders, it’s only suitable for small and medium sized businesses, according to all reviews on this topic.
  • Integrations and API Access: Offers very limited integrations with third-party applications and no API access, as all reviews on this feature indicate.
  • Multi-Warehouse Use: It can’t handle multiple warehouse properties or inventory storage locations effectively, according to all reviews on this feature.
  • System Bugs: As more than 85% of reviews on this feature indicate, there are a few minor bugs in the system.

Key Features

  • Structured Workflows: Customizable workflows help track important data across the entire sales process. Eliminates or minimizes tedious spreadsheet management, as cost data can be stored for use in tax forms. 
  • Customizable Dashboards: Set up an informative dashboard that meets operational requirements to foster a collaborative, visibility-enabled enterprise. Bring valuable data regarding sales, costs and profits to the forefront and easily view it. 
  • Barcoding: Leverages barcode scanners to generate printable labels that make finding the right item easy. 
  • Detailed Reporting: With over 32 out-of-the-box reports, it makes reporting on sales, inventory and purchasing more efficient. Create detailed and organized reports for customers and vendors alike. 
  • Manufacturing Support: Keeps manufacturing simple with item kitting, assembly cost tracking and accessible bills of materials that track critical inventory information. 
  • Customer Management: Set customer-specific defaults, store contact information and keep detailed order histories for clients. 
  • Purchase and Receive Stock: Process returns, create and manage purchase orders and leverage dropshipping to make purchasing and receiving simple. 
  • Kitting and Assembly: Pick raw materials, build based on product availability, customize builds and bundle products together for shipping. 
  • Re-Ordering: One-click reordering features leverage lead and sales data to display low stock items and create purchase orders. 
  • DropShipping: Allows vendors to ship their products directly to clients when stock isn’t available to fulfill the requirements of a shipment. 
  • B2B Portals: Provides a portal that contains pricing, pictures and descriptions of products. Showrooms are also available to showcase discounted products. 
Start Price
$250
Monthly
Company Size
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Cloud On-Premise
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Why We Picked ShipMonk

ShipMonk is extremely easy to use and navigate as most client reviews suggest. The customer support team is responsive and helpful in resolving challenges. Another benefit is that it provides accurate tracking and billing, which are quite detailed in nature. On the flip side, the lack of a mobile app is limiting and slow load speeds make it challenging to use, according to reviews. However, it offers a comprehensive set of capabilities, thus users need not invest in any other software for handling inventory and orders. This, coupled with its other strengths, make it a solid choice for inventory management software.

Pros & Cons

  • Customer Support: More than 95% of reviews on support indicate that the service team is always friendly, responsive and willing to help resolve any issues that users may come across.
  • Easy to Use: Its simple and intuitive UI is easy to use, according to 100% of reviews on ease of use.
  • Comprehensive Capabilities: It handles inventory management and order fulfillment end to end, note all reviews on this topic.
  • Accurate Tracking and Billing: Every review on this aspect indicates that it delivers accurate and error-free order tracking and billing details.
  • Mobile App: According to 100% of reviews on this topic, there’s no mobile app and it’s cumbersome to navigate and use the browser site on a mobile device.
  • Upload Speed: It’s sometimes quite slow to upload, according to all reviews on this aspect.

Key Features

  • E-Commerce Fulfillment: Map SKUs across all sales channels by leveraging API integrations, high bandwidth that supports up to 10,000 orders per day, automated mapping and item bundling. Includes strategic inventory system designing, with designated storage areas, return management and custom packing options. 
  • Amazon FBA Services: Provides access to FBA services, which include free shipping offers, along with Prime membership order fulfilling entitlements through Amazon. 
  • Warehouse Automation: Helps increase efficiency, experience quicker fulfillment, boost picking accuracy, reduce fulfillment costs and receive secure storage. 
  • Freight Management: Facilitates importing and managing inventory, as well as enables freight coordination, by guiding users through essential documentation. 
  • User Permission: Supports adding other users to client accounts and selecting the data permissions that each user can access. Such permissions can be added, edited and omitted any time. 
  • Data Security: Ensures enterprise-grade data security and exercises all necessary measures to protect user privacy. 
  • Actionable Reports: Provides access to cost reviews, orders and breakdowns of shipment units, including the destination where orders are sent most frequently, all through a single dashboard. 
  • Special Projects: Tasks such as labeling, counting, repacking and quality control of goods that may fall outside fulfillment tasks are categorized as special projects and can be executed through the platform. 
  • Returns Management: Create shipping labels from the dashboard and receive alerts when returns reach the warehouse. Manage multiple types of product returns such as exchanges for a different color or size, quality control, sorting, product assessment and testing. 
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Why We Picked Canvus

Canvus, a leading inventory management software, has received positive user reviews in the past year. Users appreciate its user-friendly interface, robust feature set, and ability to streamline inventory management processes. Canvus's strengths lie in its real-time inventory tracking, which provides accurate visibility into stock levels and helps businesses avoid overstocking or understocking. The software's integration with other business applications, such as accounting and CRM systems, further enhances its functionality.

Compared to similar products, Canvus stands out with its advanced reporting capabilities. Users can generate detailed reports on inventory levels, sales trends, and other key metrics, enabling them to make informed decisions about inventory management and optimize their operations. Additionally, Canvus offers excellent customer support, with users praising the team's responsiveness and helpfulness. This is particularly important for businesses that rely heavily on inventory management software and require prompt assistance when needed.

Canvus is ideally suited for businesses of all sizes that need to improve their inventory management practices. Its user-friendly interface and robust feature set make it accessible to both small businesses and large enterprises. The software's ability to integrate with other business applications and its advanced reporting capabilities make it a valuable asset for businesses looking to streamline their operations and gain greater visibility into their inventory.

Pros & Cons

  • Excellent Reporting: Canvus allows for customized reporting and analysis, providing users with valuable insights into inventory levels, trends, and performance.
  • Automated Inventory Management: Canvus automates inventory tracking and replenishment, reducing the risk of stockouts and overstocking, and improving efficiency.
  • Improved Collaboration: Canvus enables real-time collaboration between teams, allowing for seamless communication and coordination in inventory management.
  • Scalability: Canvus can accommodate businesses of all sizes and can scale to meet growing inventory needs, making it a long-term solution for inventory management.
  • User-Friendly Interface: Canvus features an intuitive and easy-to-use interface, reducing the learning curve for users and allowing for quick adoption.
  • Limited Customization: Canvus offers limited customization options, making it difficult to tailor the software to specific business needs. This can lead to inefficient workflows and a lack of flexibility.
  • Steep Learning Curve: The software has a complex interface and a steep learning curve, requiring significant time and effort for users to become proficient. This can hinder productivity and adoption.
  • Poor Integration: Canvus struggles to integrate seamlessly with other business systems, such as ERP or CRM software. This can result in data silos, duplicate entries, and a lack of real-time information sharing.
  • Limited Reporting Capabilities: The software provides limited reporting capabilities, making it challenging to generate comprehensive insights and analytics. This can hinder decision-making and business planning.
  • Insufficient Support: Users have reported issues with Canvus' customer support, citing slow response times, lack of expertise, and limited availability.

Key Features

  • Inventory Management: Add new items, edit existing inventory stock levels, enter sales transactions and sales returns, and more with inventory capabilities. 
  • User Management: Set up and activate new accounts, change security for existing users, change passwords, and deactivate existing users. They can also set up each user’s preferred time. 
  • Reporting Management: Manage inventory effectively, leveraging multiple report types, including inventory transactions, current stock count tables and current stock count lists. 
  • Change Management: Gain greater control over existing inventory items, areas, manufacturers and locations by letting users make edits or changes as needed. 
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Why We Picked Microsoft Dynamics GP

Microsoft Dynamics GP is a comprehensive solution and offers multiple functions for HR, financial accounting, supply chain management and more. It provides smooth integration with Excel, and an option for additional add-ons. Their customer support team is quick and effective at resolving any issues that users may come across. It’s also user-friendly and easy to navigate. However, new users may experience a sharp learning curve, which is common for a software that delivers features to cover so many business functions. Occasional glitches and bugs, including slowing down when loading large reports, are other downsides that users cite. In short, SMBs looking for a tool with extensive features to manage diverse business processes may find it a good choice.

Pros & Cons

  • Comprehensive Solution: It’s an all-in-one accounting and HR tool with payroll, inventory, supply chain, payables, receivables and other capabilities, as all reviews on this aspect indicate.
  • User Support: More than 70% of reviews on this feature suggest that customer support is fairly prompt and effective.
  • Ease of Use: According to 75% of reviews on this aspect, it has an easy-to-use and navigable interface.
  • Excel Integration: Data and reports are easy to import or export to Excel, as it’s closely integrated with the system, as all reviews on the topic state.
  • Bugs and Glitches: As 100% of reviews about these drawbacks indicate, users have experienced bugs and glitches, and it hangs while loading big reports sometimes.
  • Learning Curve: It’s difficult to adapt and learn for new users, say all reviews referencing the learning curve.
  • Multiple Functions: It’s unsuitable and cumbersome to use for companies that handle multiple functions, as there are a lot of windows to access and manage, according to all reviews on this feature.

Key Features

  • Financial Management: Includes: 
    •  Basic accounting functions such as a general ledger, accounts payable (AP) and accounts receivable (AR). 
    •  Bank reconciliation and fixed asset management. 
    •  Lockbox processing, which automatically inputs and applies customer payment information from a lockbox transaction file to generate accurate AR data. 
    •  Intercompany relationships, multidimensional analysis and AP management. 
  • Business Intelligence and Reporting: Dashboards and reports provide prebuilt analytics directly within the system. More than 400 Excel reports are connected, with the option to customize reports as well. Dashboards can be securely created and shared through Office 365 to analyze information. 
  • Supply Chain Management: Includes bill of materials management, inventory control and purchase order processing capabilities. Automatically generate purchase orders using actual sales, purchasing and inventory data. Track orders, quotes and invoices to speed up the sales process and enhance upsell opportunities. 
  • Human Resource Management:  
    •  HR practitioners can recruit and retain talent through performance evaluation, customized hiring options and pay rate development. 
    •  Payroll can be directly deposited in employee bank accounts through an automated clearing house (ACH) file, with payment data automatically entered to the general ledger through a turnkey solution. 
    •  Supports payroll functionality for companies in the United States and Canada. 
  • Configuration and Development: The service-based architecture integrates with a variety of modules and programs. 
    •  Offers an extended pack and an extended human resources and payroll module to further scope of customization. 
    •  Includes a PTO manager, benefits management and enrollment. 
    •  Offers returns management, materials requirements planning, project accounting and preventive maintenance. 
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Key Features

  • Integrations: Stitch Labs integrates with a number of applications. Some of these include Shopify, Amazon, Shipstation, Xero and Paypal. There are more available should clients wish to explore other options. 
  • Multi-Warehouse Support: A centralized product tracking system takes many of the pain points of a multi-warehouse operation out of the equation. By always knowing when, where and how your stock is moving around, managing a multi-warehouse operation is efficient. 
  • Order Management: Allowing Stitch Labs to take over some of the time-consuming operational duties frees up valuable time for employees. Let your teams focus more on handling order volume while the platform takes care of tedious tasks. 
  • Inventory Management: Control your inventory from the second you get a product until it makes its way to the customer. Stitch Labs provides tools to track, move and control your stock to optimize your processes.  
  • Planning and Reporting Tools: Stitch Labs gives users valuable data that enables users to plan ahead and make educated decisions. This platform comes with over 60 reports out of the box to fully optimize inventory processes. 
  • Geo Routing: Orders can be routed to fulfillment centers based on their geolocation. Warehouse priority and stock availability can also be used to decide where the optimal location for stock is. 
  • Operations Management: Stitch Labs contains multiple tools designed to control and manage daily activities. Bundling, two-way sync, order splitting and valuable 3PL integrations can all be leveraged to streamline operational efficiency. 

Pricing

License/Subscription Cost Annual subscription costs are based on the size of the company and how many orders are processed per month
Maintenance Cost Included in the subscription cost
Installation/Implementation Cost
  • Depends on subscription tier
  • Includes basic implementation service, product training plus additional optional services
Customization Cost None, users may only select from standard packages
Data Migration Cost/Change Management/Upfront Switching Cost Dependent on current software, amount of data to be migrated and the availability of migration tools
Recurring/Renewal Costs This cost is dependent on your subscription package
Start Price
$39
Monthly
Company Size
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Deployment
Cloud On-Premise
Platform
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Why We Picked QuickBooks Commerce

QuickBooks Commerce is a leading inventory management and accounting software for small and medium businesses. Its intuitive and easy-to-use interface and payroll and invoicing features ensure great productivity.

It allows for seamless integration with banks, financial management software, credit cards and more. The software also helps keep track of company bills and expenses, which you can easily download, share and categorize.

Some limitations include long wait for support and lack of direct contact for professional services. The system may experience slowness and lag at times. Integrations with solutions like Xero can also be complicated.

Its pricing plans start from $39 per month, and it offers a 14-day free trial. It offers both monthly and yearly subscription plans. Pricing can vary based on factors like the number of users, sales orders, sales channels and warehouse numbers. However, Its licensing price is high for the basic features provided and monthly licensing can be laborious.

Overall, QuickBooks Commerce is a comprehensive and affordable solution for organizations looking to streamline their inventory and accounting management operations and achieve better ROI.

Pros & Cons

  • User Interface: Around 93% of users said that it provides an intuitive user interface that is easy to learn and navigate.
  • Integration: Intuit and seamless integration with banks, companies and other financial management software provides a great user experience and saves time, as noted by 96% of reviewers who specified integration.
  • Tracking: All reviewers liked that it helps keep track of bills and expenses in an organized manner.
  • Payroll & Invoices: All users liked QBO for its payroll and invoicing feature that provides automatic calculation, easy access, links or PDF sharing, payment reminders and more.
  • Support: Approximately 81% of reviewers said that support can have long wait times and disliked that direct contact to support service is not available.
  • Performance: The system is slow and laggy at times, as mentioned by 80% of users who referred to performance.
  • Licensing: Nearly 81% of users disliked that license costs are high with additional monthly charges for renewal and add-on services.

Key Features

  • Multiple Integrations: Integrate with various third-party platforms, including Xero, Amazon, QuickBooks, Shopify and ShipStation.
  • Inventory Control: Prevent stockout situations, receive automatic stock level updates and create prompt reorders with comprehensive inventory features. Track and organize stock via barcode scanning to speed up the retrieval and storage of products.
  • Multichannel Sales: Use a central location to manage sales through a number of channels. Users can sell through marketplaces, B2C eCommerce, B2B eCommerce and mobile apps.
  • Warehouse Management: Built-in management tools handle all tasks in one place, from receiving shipments to picking, packing, and shipping orders.
  • Order Management: Track orders and sync inventory, customer and supplier information through one system. Access sales reports in real time while quickly and accurately fulfilling orders.
  • Manufacturing Support: The manufacturing module lets users manage all assembly and sales tasks while allowing for the creation of production and parts orders as well as bills of materials.
  • Fulfillment Automation: Access stock takes, barcode label printing and barcode scanners. Also, automate fulfillment processes like pick, pack and ship.
  • Inventory Optimization: Businesses can integrate their Lokad account, available in the app store, with the system to optimize inventory with demand forecasting. Lokad can automatically calculate the number of reordering units needed for a business based on their inventory records. Stock is reordered when inventory levels hit preset reorder units.
  • Price List Management: Add or change product prices using the price list importer and assign price lists with special discount rates for selected customers. Set price breaks and access custom price lists on the go via the mobile app.
  • Sales Reports: Use sales reports listing all important details and statuses. Filter them by product, variant, customer, sales representative, channel, location and time period. Sales reports assist with analyzing sales channels, monitoring performance, identifying sales trends across customers and products, calculating commissions, and more.
  • Manufacturing Support: Create bills of materials for finished goods, including the creation and management of production orders. Alert users about insufficient stock, support batch tracking and automatically reconcile production run efficiencies with accounting apps.

Pricing

License/Subscription Cost
  • The upfront cost of this product includes customization, integration and the monthly per-user subscription fee
Maintenance Cost
  • This is included in the subscription cost
Installation/Implementation Cost
  • This cost is based on the type of pricing plan chosen
Customization Cost
  • Included in the subscription cost and varies depending on the subscription plan chosen
Data Migration Cost/Change Management/Upfront Switching Cost
  • Depends on the existing software, how much data needs to be migrated, the availability of migration tools, the complexity of data being moved and the gaps between the existing and new systems
Recurring/Renewal Costs
  • A recurring monthly fee is charged at the beginning of the month and includes maintenance, monitoring, upgrades, training and support
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Why We Picked Ordoro

Is Ordoro in order when it comes to inventory management? Users overwhelmingly agree that it is! Ordoro receives high praise for its user-friendly interface, making even complex tasks like managing inventory across multiple sales channels a breeze. Its robust features, particularly the "kitting" function, which allows for efficient bundling of multiple products, are repeatedly commended for streamlining operations and saving businesses valuable time. Users especially appreciate the seamless integration with popular e-commerce platforms like Shopify and Amazon, simplifying order fulfillment and inventory tracking.

However, no software is without areas for improvement. Some users suggest that Ordoro could benefit from enhanced reporting features to provide more in-depth insights into sales trends and inventory performance. Additionally, expanding carrier options, especially for international shipping, would further solidify Ordoro's position as a comprehensive solution. Despite these minor suggestions, Ordoro consistently earns accolades for its exceptional customer support, with users highlighting the team's responsiveness, expertise, and willingness to go the extra mile.

This powerful combination of an intuitive interface, robust features, and stellar customer support makes Ordoro an ideal choice for businesses of all sizes, particularly those juggling online sales across multiple platforms. Whether you're a seasoned e-commerce veteran or just starting out, Ordoro provides the tools and support needed to efficiently manage inventory, streamline operations, and focus on what matters most – growing your business.

Pros & Cons

  • Real-Time Inventory Tracking: Ordoro provides real-time inventory updates across all sales channels, ensuring accurate stock information.
  • Multichannel Management: The platform allows users to manage inventory from various sales channels in one central location, eliminating the need to switch between different platforms.
  • Kitting Functionality: Ordoro's kitting feature enables users to create and manage product bundles, simplifying inventory tracking for multiple SKUs sold as a single unit.
  • Kit/Bundle Accuracy: Some users have expressed concerns about inaccuracies in the calculation of kit/bundle totals, which can impact inventory and order fulfillment.
  • Product Information Editing: Limitations in editing product information have been reported, potentially hindering efficient product management and updates.
  • Advanced Features Tied to Higher Plan: Access to advanced inventory management features often necessitates subscribing to the more expensive Pro plan, which may not be budget-friendly for all businesses.

Key Features

  • Shipping Management: Automate and manage shipping experiences, from processing shipments to order fulfillment. Add tags to orders and monitor shipping activities and updates, all within one unified space. Enable auto-audit and access real-time insights on shipping metrics. 
  • Inventory Management: Seamlessly integrate across various marketplaces, shipping partners and more, all within a centralized space. Manage, organize and track various warehouses, from 3PL operations to dropshipping management. Control overselling by setting a specific limit on products visible to customers. 
  • Multichannel Management: Seamlessly sync and combine API-integrated channels, sales channels and CSV files. Optimize workflows within a single centralized, multichannel tool. 
  • Barcode Scanning: Generate scannable barcode labels to expedite shipping processes. Scan shipment orders to increase accountability and minimize human errors. 
  • Automation: Keep tabs on products using auto-sync tools. Process and configure shipping fulfillment and replenish stock using built-in automation. Navigate options like auto-routing and order splitting for a seamless, automated workflow. 
  • Bundling: Automate, create and combine bundles based on varying fractional quantities and components. Merge two different kit SKUs while maintaining unique scannable barcodes. 
  • Reports & Analytics: Access detailed insights on finances regarding orders and suppliers. Monitor inventory turnover ratios and estimate ROIs for certain products. 
  • Supplier Management: Exercise a hands-off approach while suppliers directly manage orders. Enable multiple vendor portals for each supplier and help retrieve feeds via email, web and file transfers. Create and track purchase orders using goods receipts. 
  • Shipping Insurance: Insure products and file for claims to cut back on losses in case of any mishaps. 
  • Returns: Enable seamless return management by creating RMAs, tracking order statuses and opting for restock options once an item is returned. Provide return labels to customers via email along with added instructions for return. 

COMPARE THE BEST Enterprise Inventory Management Software

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Buyer's Guide

Enterprise Inventory Management Software Is All About Centralizing and Automating Inventory Tasks

Enterprise Inventory Management BG Intro

Enterprise inventory management software makes a world of difference for organizations trying to centralize, automate and simplify inventory tasks.

These inventory management solutions for large organizations take complex, multi-location processes and condense them into a single location. Automations for tasks like reordering, kitting and bundling, and multichannel listings help companies maintain a wide reach while minimizing manual errors.

In this buyer’s guide, we’ll take you through the benefits and features of implementing enterprise inventory systems, break down comparison and pricing considerations, and explore a few of the top solutions on the market.

Executive Summary

  • Enterprise inventory management software simplifies complex supply chain operations for large, multi-location and multinational organizations.
  • Managing inventory with software leads to benefits such as improved customer service, increased stock accuracy and data visibility, and reduced costs.
  • Key features include inventory tracking, low stock alerts, kitting and bundling, multichannel listing, and more.
  • Some top inventory management solutions include Fishbowl Inventory, ASAP Systems and Zoho Inventory.
  • Probing questions can help you assess internal requirements and evaluate vendors.
What This Guide Covers:

What Is Enterprise Inventory Management Software?

Enterprise inventory management software is a tracking, ordering, listing, invoicing and reporting tool for large organizations.

What sets enterprise inventory solutions apart from their non-enterprise counterparts is their offerings and workflows. They offer capabilities specifically for enterprises, like multichannel listing, multi-location inventory consolidation and more.

While smaller organizations could benefit from using enterprise inventory management tools, they’re likely to be more robust and, thus, more cost-prohibitive than most SMBs can handle.

Primary Benefits

Now that you know what enterprise inventory management software is, let’s explore the potential benefits these solutions can bring your business.

Enterprise Inventory Management Benefits

Improved Customer Service

Customers are the lifeblood of your business, whether you’re providing consumer products, services or manufacturing supplies. Without their patronage, you have no business.

Inventory systems can help you improve customer service and satisfaction in various ways, including:

  • Providing customers with real-time tracking so they know when to expect deliveries or if there’s a delay.
  • Avoid overselling and understocking, ensuring you have the inventory to meet customer demand.
  • Forecast demand so you’re prepared to meet increased demand or avoid overstocking during slow periods.

Happy customers lead to recurring sales and revenue streams.

Increased Stock Accuracy and Data Visibility

Enterprises dealing with multiple locations, warehouses and sales channels need precision and visibility — and that’s just not feasible with manual processes.

Inventory platforms can help increase accuracy and visibility in numerous ways:

  • Inventory tracking automations keep your stock levels updated across multichannel listings in real time, so you have accurate inventory counts at all times.
  • Demand forecasting helps you proactively predict how much stock you’ll require so you’re not stuck with too much or too little.
  • Reporting and analytics provide business intelligence insights on stock, customers, marketing campaigns and more.

Reduced Costs

Enterprise inventory solutions can lead to cost reductions in several ways:

  • Minimal Errors: Limiting errors from the get-go can help you save on resource costs to fix issues reactively.
  • Improved Accuracy: With the accuracy and visibility mentioned in the previous benefit, you can better situate yourself to meet demand without paying high expedited shipping costs or sitting on excess inventory.

Key Features & Functionality

While not exhaustive, here are some of the core features you need to keep an eye out for while selecting enterprise inventory management software.

Inventory Tracking

Monitor real-time product and material statuses to manage stock along your entire supply chain. Keep track of levels across multi-location and multinational enterprises to improve ordering decisions.

Low Stock Alerts & Automated Reordering

Receive automated alerts when stock levels are low. Set custom thresholds to know when supplies hit your optimal reorder point.

Manually submit requisition requests or create conditions to submit purchase orders for low-stock items automatically.

Purchase & Vendor Management

Create vendor profiles with customized ordering catalogs. Log details like contract information, approved listings and more.

Automatically fill in purchase order details from vendor profiles to save time and reduce errors.

Kitting & Bundling

Create product and material sets to sell as a single unit. Generate unique SKUs and barcodes for bundles to update your system automatically upon purchase, simplify picking and packing, and ensure accurate order fulfillment.

Dropshipping

Reduce on-hand inventory and warehouse requirements through dropshipping processes. List products (at a markup) from various other eCommerce marketplaces to meet customer demand without increasing inventory needs.

Invoicing

Convert purchase orders into invoices to include during shipping or send to customers digitally. Manually create new invoices using built-in templates.

Multichannel Listing

List inventory across various eCommerce marketplaces, such as Amazon, eBay, Walmart and more. Receive automatic inventory updates no matter where customers purchase from, preventing overselling.

Automatically list products as out of stock across marketplaces and reverse the status when replenishing inventory levels.

Reporting & Analytics

Access detailed, prebuilt reports on various metrics like sales, customers, overstock and understock levels, on-time/in-full deliveries, and more.

Customize reports to get the most valuable data for your business goals.

Software Comparison Strategy

Comparing software is often time-consuming and complex, but going in with a strategy can save you time and keep the headaches to a minimum. We’ve put together a few considerations specifically for enterprise inventory software to get you started.

Processes

Different businesses will vary in inventory management processes and workflows, so you need a solution to accommodate how you work.

For example, an enterprise food and beverage distributor follows different practices than a manufacturer. With perishable goods, you’ll often use the first in, first out (FIFO) method — assuming the oldest shipments have the earliest expiration dates.

With FIFO, you need a system to help you accurately track dates for on-hand goods to ensure you’re selling those first.

On the other hand, a manufacturing company will likely have less stringent regulations regarding using older products first. They’ll likely use inventory management software more to keep track of asset repair parts and materials needed to create end products.

With manufacturing, expiration and received dates aren’t a primary concern. Manufacturers will likely be more concerned with visibility into on-hand stock and forecasting demand.

Your industry and specific processes will help you narrow down what you need. Some industry-specific systems or modules in broader inventory management applications you can look for include:

Integrations

Integrations are vital to ensuring you can centralize your business systems and data. With enterprises, especially those operating in multiple locations, you need to be able to centralize data and automate processes as much as possible.

Some key business software you may need your enterprise inventory software to integrate with include:

Integrations can also come in various forms, so it’s essential to know the options available before you start chatting with vendors to see what they offer. The different forms include:

  • Native Integration: The inventory management system is specifically designed to integrate and work in tandem with other specific business systems.
  • API Integration: You can access the inventory solution’s application programming interface to create custom integration workflows with other business platforms that offer open API access.
  • Webhook Integration: Third-party applications, like Zapier, connect business systems. While potentially more limited than building your own integrations with API access, webhooks tend to be more user-friendly.

Scalability

Finally, you should look for a system that can scale alongside your business’s growth.

Implementing a new system, transferring data from your existing workflows and training employees on the new product will be lengthy processes as it is. The last thing you need is to outgrow your software a few years down the line and have to do it all over again.

Make sure you can increase the number of locations, users, orders and anything else you may need as your business grows. Chances are it will cost you to do so, but it’s cheaper and far less frustrating than overhauling the system entirely.

Check out our nine-step Lean Selection methodology for a more detailed breakdown of how to select software.

Cost & Pricing Considerations

Software pricing varies, no matter what kind of solution you’re in the market for. Before signing a contract, let’s break down some influential pricing factors.

  • Deployment: Vendors may price cloud and on-premise systems differently, even if they offer both. Cloud solutions tend to include subscriptions (often per month or per user per month), whereas on-premise solutions generally lean more towards upfront licensing fees.
  • Integrations: If a system doesn’t come with native integrations you need, and you don’t have the resources or know-how to build one with API access or webhooks, you may be stuck paying vendors for custom integrations.
  • Training: Some vendors charge extra for training, especially personalized courses. See if your vendors offer free training materials and determine if your employees need more detailed training.
  • Implementation & Migration: You may need to pay a service fee if you need help implementing the new system and migrating data from your existing one. Some vendors include implementation and migration in the pricing package, so make sure to ask if they’re included or not.

The Best Enterprise Inventory Management Software

Now that you have a general idea of what enterprise inventory management software is and what it can do for your business, let’s explore some of the best products available today.

Below are our top three inventory management solutions overall — all of which can meet the needs of enterprises.

Our product ratings are based on analyst reviews, user sentiments, included features and more. Check out our solutions page to learn more about the research process alongside the services we offer.

Fishbowl Inventory

Fishbowl Inventory is an inventory, warehousing and manufacturing solution. It caters to medium and enterprise-level organizations, tailoring it for the workflows and demands of larger operations.

It’s deployable in the cloud or on-premise, making it flexible to your requirements. It offers features like multi-location support and includes currency conversion to support multinational corporations.

Free Trial: N/A

Free Demo: Yes

Fishbowl Inventory

View sales by region, top-selling products, forecast reports and more at a glance. Source

Product Overview
Analyst Rating 81
User Sentiment 83%
Company Size M|L
Price $$$

ASAP Systems

ASAP Systems is an inventory management and asset tracking solution for companies of all sizes. The vendor offers a dedicated enterprise-level package, enabling organizations to consolidate systems into a central database through API access.

The cloud or on-premise solution includes unlimited reports, standalone connections, custom fields and security groups, so you can customize it and use it throughout your entire organization.

Free Trial: Yes

Free Demo: Yes

ASAP Systems

Use stock transaction tools to manage inventory receiving, picking and packing, kitting, shipping, and more. Source

Product Overview
Analyst Rating 77
User Sentiment 79%
Company Size S|M|L
Price $$$

Zoho Inventory

Zoho Inventory is an inventory, warehouse and order management platform that caters to companies of any size. Its enterprise package supports seven full-time users, seven warehouses and 15,000 orders/month, with upgrade options available.

The cloud-based system helps with multi-warehouse management and big data analytics processes to help enterprises better manage, distribute and sell products.

Free Trial: Yes

Free Demo: Yes

Zoho Inventory

Drill down into individual item details, including sales price, quantity to be shipped, quantity to be received, reorder level and more. Source

Product Overview
Analyst Rating 76
User Sentiment 90%
Company Size S|M|L
Price $

Questions To Ask

You need to flesh out your requirements to guide your software selection journey. Here are some questions you can ask to get the ball rolling:

  • What core features do we need in a new solution, and what can we do without?
  • Do we need built-in invoicing capabilities, or can we get away with API/webhook integrations?
  • Do we have legacy systems we need the new solution to integrate with, such as accounting, ERP, CRM and POS software?
  • Will we need additional services for implementation, data migration, integration setup or training?
  • What currencies does the system need to support?

Enterprise Inventory Management Key Questions

Once you’re all set with your requirements, you can start talking with vendors. Here are some questions to help you get a better sense of vendors and their products:

  • How many warehouses does the system support? Can we upgrade that number?
  • Does the software include multiple currency options? What are they?
  • Have you worked with organizations similar in size to ours before? If so, how many years of experience do you have doing so?
  • Can we scale the platform to match growth in our organization?
  • Do you help with data migration and implementation, and will it cost extra?

Next Steps

Enterprise organizations have a lot to manage — when it comes to inventory or otherwise — but enterprise inventory management software can help. Just think of the automation possibilities!

Are you ready to start comparing these and other top inventory products? Check out our free comparison report. It’s an interactive tool for comparing systems based on past selection projects and analyst data to ensure you find the best solution for your requirements.

Good luck!

Product Comparisons

About The Contributors

The following expert team members are responsible for creating, reviewing, and fact checking the accuracy of this content.

Technical Content Writer
Ryan McElroy is a Content Editor and Senior Market Analyst at SelectHub who writes and edits content on various software types, along with their broader concepts and the industries they serve, including medical, construction, CMMS, supply chain management and legal. He studied at the University of Missouri (Mizzou) and earned his BA in Journalism in 2016. During his free time, you’ll find Ryan playing video/card/board games, sipping coffee and reading speculative fiction, or listening to music his loved ones often describe as “headache-inducing.”
Technical Research By Mohit Hariramani
Senior Analyst
Mohit has a degree and Master in Finance from Mumbai, India, his years of professional market research experience started in 2019. His expertise lies in categories such as Enterprise Resource Planning (ERP), Manufacturing, Inventory Management, Manufacturing Execution Systems (MES), Facility Management Software (FMS), POS Systems (Point of Sale) and more. Through his academic and professional background, he honed skills in attention to detail, navigating ambiguity, and analytical prowess, which uniquely equip him to manage and thrive in the dynamic landscape of these diverse categories. He's passionate about leveraging his knowledge and experience to contribute effectively to the assigned technology areas.
Technical Review By Kankana Kalita
Principal Analyst
A seasoned business and research analyst, Kankana Kalita specializes in ERP, CMMS, manufacturing, construction, supply chain, HRMS and CRM. Prior to joining SelectHub, she earned a Bachelor's degree in Computer Science and Engineering, an MBA in Operations and Marketing, and worked in email marketing and logistics.
Edited By Hunter Lowe
Content Editor
Hunter Lowe is a Content Editor, Writer and Market Analyst at SelectHub. His team covers categories that range from ERP and business intelligence to transportation and supply chain management. Hunter is an avid reader and Dungeons and Dragons addict who studied English and Creative Writing through college. In his free time, you'll likely find him devising new dungeons for his players to explore, checking out the latest video games, writing his next horror story or running around with his daughter.