Inventory Management Tools for E-Commerce

Here are some of the e-commerce inventory management tools that can help you protect a record of your product’s quantity and should be included to give you the control you need to support operations. Get started!

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Teikametrics

Teikametrics

Teikametrics is an internet company that features an e-commerce optimization platform designed for retailers on online marketplaces. Its software platform specializes in pricing optimization, operations, and inventory for sellers of all sizes. The c...

TradeGecko

TradeGecko

TradeGecko is an inventory and order management platform designed for brand owners and distributors. By integrating sales channels, logistics providers, and accounting services, TradeGecko enables to effortlessly take control with a single source of ...

Simbe Robotics

Simbe Robotics

Simbe Robotics automates the most mundane, repetitive tasks in retail execution. It's first product, Tally, performs the repetitive and laborious tasks of auditing shelves for out-of-stock items, low stock items, misplaced items, and pricing errors....

Ace Turtle

Ace Turtle

Ace Turtle is a technology driven platform company enabling web influenced commerce. Our Omni-channel platform comprising of technology, logistics and customer support enables Brands and Retailers to improve the post click commerce experience of thei...

Deposco

Deposco

Deposco is a provider of cloud-based supply chain software solutions. Our Bright Suite of inventory, order and warehouse management applications empowers retailers, distributors, 3PLs and brand companies to optimally allocate, source and fulfill cust...

Sorted Group

Sorted Group

Sorted Group is a global SaaS company that provides data-driven software for checkouts, warehouses, and shipping. The company aims to provide easier carrier management and delivery tracking experience for its users. Sorted Group was founded in 2010...

Browntape

Browntape

Browntape provides many features which let you automade repetitive tasks and cut down time spent on them to a few seconds. Printing shipping labels, invoices, emails to customers are all just one click and done! Packing and sending hundreds of orders...

RADAR

RADAR

RADAR is a platform that combines RFID and computer vision to automate and augment retail store processes. Our technology offers unprecedented speed and location accuracy, which allows stores to: 1) Manage inventory efficiently through automated inve...

Unleashed Software

Unleashed Software

Unleashed Software offers a real-time inventory management platform for the small, medium and enterprise market.

Peoplevox (Descartes Systems Group)

Peoplevox (Descartes Systems Group)

Peoplevox provide the only warehouse management software system dedicated to eCommerce. Its key differentiator is that it has been built from the ground up to handle the unique challenges of eCommerce order fulfilment. Their Peoplevox API enables e...

Logiwa

Logiwa

Logiwa is the industry-leading cloud-based order fulfillment, warehouse and inventory management software that has served retail, e-commerce, wholesale, and 3PL businesses worldwide for over a decade. Our groundbreaking technology offers 70+ built-i...

ERPLY

ERPLY

ERPLY provides SaaS-based solutions for commercial retail inventory that handles data across physical shops, online stores, and warehouses. It also offers real-time dashboards with relevant data. The company’s software is integrated with other plat...

Locally

Locally

Locally allows online shoppers to search the inventory of thousands of stores and complete their purchase with in-store pickup or same day local delivery options. Locally is a comprehensive suite of online-to-offline shopping tools. We optimize loca...

ZhenHub

ZhenHub

ZhenHub is a cloud-based inventory and order management system for eCommerce retailers to automate logistics. Manage all your inventory and orders from a single online dashboard. No more data entry, spreadsheets and emails. Integrate your sales chann...

Slerp

Slerp

Slerp is an e-commerce platform that powers websites allowing for on-demand ordering. Slerp allows brands to bring a network of bricks-and-mortar locations online with custom inventory control, connection to last-mile couriers and customisable checko...

Sellerworx

Sellerworx

Sellerworx provides products and services for retailers and merchants to manage the inventory, pricing, returns across different marketplaces and a dynamic price management tool for marketplace sellers.

Fulfillment Bridge

Fulfillment Bridge

Fulfillment Bridge is a global e-commerce logistics platform that allows to bridge online sellers to the B2B and B2C clients. Fulfillment Bridge allows online seller to locate their stock close to their client through its global warehousing network ...

Doba.com

Doba.com

Doba is an industry leading software and technology company. They provide a web-based Inventory on Demand Platform which connects retailers and suppliers by automating the e-commerce supply chain through virtual inventory management and direct mercha...

Inventory Source

Inventory Source

Inventory Source is a wholesale dropship inventory management solution provider for online resellers. Inventory Source acts as the "plug-in"IT Department for supply chain management services for the ecommerce store owner while managing their multi-s...

Finale Inventory

Finale Inventory

Finale inventory management software is a cloud-based inventory system designed for retail, ecommerce, wholesale.

What is an inventory management software?

Inventory management is key in stabilizing e-commerce operations and its supply chain. A tool specifically designed for this helps track and optimize the entire process of purchasing goods and fulfilling orders.

In a nutshell, an inventory management software allows users to:

  • Track, categorize, and label products
  • Maintain and optimize stock levels
  • Manage inventory in different warehouses
  • Oversee orders from placement to delivery

In e-commerce businesses where selling via multiple channels is the norm, an inventory management tool helps maintain an accurate log and up-to-date status of stocks, orders, and sales. It saves time and effort by automating inventory management tasks for better organization and maximized sales.

Price to get started:

Free web-based tools exist for new and small-scale businesses. Paid plans may start at 39 USD for 1,500 online orders and 150 shipment tracking per month. Full-feature trials usually last for 14 days.

Benefits of using an inventory management software

Improves product visibility. Selling via multiple channels and partnering with more manufacturers may be needed to meet the growing demands of the business. An inventory management tool can provide real-time product visibility to simplify the process of tracking orders, and inventory across locations. It also facilitates easy performance reviews of each warehouse. Generally, supply can be monitored against missing and stolen goods.

Enhances profitable business decisions. Effective inventory management software can provide invaluable sales data which helps e-commerce businesses make informed decisions to meet consumer demand, boost profits, and speed-up growth. Such tools can also provide users with an accurate understanding of supply and demand for forecasting sales based on inventory levels and requirements over time.

Delights customers. Displaying out-of-stock items may lead to lost sales and unhappy customers. An effective inventory management software provides a solution that automatically updates stock levels every time a sale is made. It can monitor orders from multiple sales channels, which helps e-commerce businesses to be better aligned with customers regarding product availability.

Features to check when comparing inventory management software

  1. Standard features to review

Product identification and tracking. Inventory management tools automate the creation of unique barcodes that can be integrated with scanners for instant product labeling. Some software can also generate radio-frequency identification (RFID) tags and wireless identification methods like in quick response (QR) codes. This feature is essential to ensure accurate tracking of inventory especially for e-commerce businesses selling on multiple sales channels.

Inventory optimization. With this feature, supply managers can easily categorize products whether they are in stock, out of stock, overstocked, or understocked. It sends automated alerts (i.e. in-app or through text and email) when certain item quantities are deviating from the predefined minimum and maximum stock level. This helps e-commerce businesses reorder items in advance or decide to campaign promotional offers.

Multi-location management. Accurate logs of each product’s status, stock level, and storage location can be consolidated and managed in a single inventory management system. This helps in tracking the status of orders for picking, packing, and shipping — providing businesses a bird’s eye view of the entire supply.

  1. Additional features for next-level inventory management

Automated order fulfillment. For a more expedited fulfillment process, an advanced inventory management software can automate the process from order placement to delivery. Shipping rates based on location, weight, and product price can be set along with assigning the warehouse pick-up point. This is especially useful for dropshipping e-commerce businesses. Such tools can also import payments in different currencies and export tracking numbers for customers to monitor their order status in real-time.

Multichannel sales management. E-commerce businesses generally sell in multiple online marketplaces (e.g. Amazon, eBay, Etsy). Some also sell through pop-up shops, brick and mortars, and third-party retailers. This added feature makes it easy to manage all sales channels by allowing users to synchronize purchases and sales with inventory levels, tag items for shipment, track orders, and even manage returns.

Demand forecasting. Some inventory management software can generate reports based on past sales data to accurately assess future demand. This is beneficial in analyzing products with seasonal rise and fall in demand. It helps managers with profitable decision-making by predicting the right amount of inventory for each product at the right time.

Cost of setting up an inventory management software

Inventory management tools are typically subscription-based. Pricing varies based on number of users, orders, warehouses, and sales channel integrations.

Monthly subscription plans may start at 39 USD for 1,500 online orders and 150 shipment tracking per month. Free consultations and demos are usually offered to help buyers decide which plan works best for their business.

Premium features include warehouse management tools integration, batch and expiry tracking, radio-frequency identification labeling, and demand forecasting. Intensive setup assistance and dedicated account manager are available for high-tier users.

Considerations when choosing an inventory management software

  1. Business and process compatibility

For e-commerce businesses, supply chain management is crucial to stay competitive. It may be easy for small to medium scale businesses to opt for manual methods of inventory management, but being able to automate manual tasks and optimize the entire supply chain operations workflow would be helpful to all types of users.

The main objectives of an inventory management tool are to achieve accuracy, enhance productivity, and improve traceability. With these criteria in mind, it is highly advised to decide on the right software that can provide most solutions to the specific needs of the business. Ideally, it would facilitate strategies in terms of smart pricing and stock control among others.

When at the crucial stage of selecting the right software for the business, consider how premium features can influence long-term goals. For instance, if the business seeks to grow in multiple platforms, products with more sales channels integrations will be the wisest choice. Alternatively, some businesses may prefer optimization in billing processes. In this case, a tool with accounting integrations to third-party solutions will be ideal.

  1. Possible adoption concerns

Technicalities. There are some strategies for effective inventory management that may require specialist knowledge (e.g. inventory control, demand forecasting). Calculating reorder points, economic order quantity (EOQ), and days inventory outstanding (DIO) may be time-consuming and prone to human error. In some tools, formulas are already pre-configured to get instant calculations. Users simply need to have a basic understanding of inventory management and be familiarized with its common terminologies.

Integrations. Several businesses run on e-commerce platforms such as Shopify, Magento, and BigCommerce. Choose an inventory management tool that can integrate with these common platforms to easily synchronize stock levels, match inventories, and manage sales orders in a centralized system.

Scalability. Forecast number of sales orders expected per month to know which plan best fits the business for long-term. Resetting product identification labels and transferring stock records may result in disorganized inventory records and interrupted sales orders.

Frequently asked questions

  1. Would an e-commerce business need an inventory management tool?

Yes. Inventory management is essential for e-commerce businesses in managing the supply chain from purchasing materials, order placement to sales fulfillment. An inventory management tool optimizes the entire process for maximum cost savings.

  1. What can I do with an inventory management tool?

Inventory management tools can help determine available products, maintain ideal stock levels, and send reminders to repurchase items. This helps e-commerce businesses prevent understocking and overstocking.

  1. How can an inventory management software help my team?

An inventory management software can enhance productivity and increase data accuracy by automating tedious and human error-prone tasks (e.g. matching inventories of multiple warehouses and synchronizing multiple sales channels). Significant time and effort is saved by eliminating manual processes.

  1. Can an inventory management software help increase my sales or cut my costs?

Yes. Aside from expediting processes through automation, being able to determine the strategies in setting the right amount of stocks based on seasonal demand is guaranteed to help e-commerce businesses boost sales. Some inventory management tools can generate reports based on past data which can help inform profitable business decisions.

  1. Is there a free forever inventory management tool?

Yes. New, start-up, or small-scale businesses can take advantage of freemium tools to get started with inventory management. Later on, when the business grows, it can move to a paid plan without any issues.

  1. What is the best inventory management software?

Identifying the best inventory management tool for a specific e-commerce business would depend on multiple factors mainly:

  • Number of sales orders
  • Number of shipments
  • Required integrations
  • Budget
  1. What inventory management tool subscription should I get?

Inventory management solutions usually have tiered subscription models for small, medium, and enterprise businesses. It would be best to avail a free trial for the selected subscription plan, and schedule one-on-one demos to properly evaluate according to specific needs.

  1. Which features should I prioritize when choosing an inventory management tool?

Product categorization through inventory optimization helps in quick tracking of stock levels. It is also best to avail of multichannel management integration features given the nature of most e-commerce businesses.

  1. What reports can I generate using an inventory management software?

An inventory management tool can quickly provide monthly sales reports. Some tools can offer a next-level solution of generating product demand forecast reports based on past sales data.

  1. How do I set up an inventory management solution?

First-time users can easily set up the inventory management software by intuition. For high-tier plans with a long list of additional features, setup assistance and assigned account manager can guide users in setting up.

  1. How can an inventory management software track my inventories?

An inventory management software can instantly generate unique product identification like barcodes for integration with scanners. Some tools can assign QR codes and RFID to allow customers to track their orders in every stage until its delivery.

  1. How many sales orders can the inventory management software accommodate?

It depends on the software provider and subscription plan. Best to assess demand or review past sales data first to avoid unexpected costs when driving in more purchases and sales.

  1. How can an inventory management software benefit customers?

With the supply chain process optimized, this tool can automate the process of order placement, product tracking, delivery preparation, shipping, and even returns. Shortened lead time, enabled tracking, and accurate deliveries can all contribute to customer satisfaction.

  1. Will I be able to manage promotional offers with an inventory management software?

Yes. An inventory management tool can help set product bundles to help e-commerce businesses promote poor-selling items and turn dead stock into sales.

  1. How can an inventory management software help secure my products?

Product loss and theft may be common occurrences in e-commerce businesses. This tool can provide unique product identifications and tracking to improve visibility and traceability of each product which is especially handy when working with multiple warehouses.

Sources and related articles

What is Inventory Management Software? Analysis of Features, Types, Benefits and Pricing

What is Ecommerce Inventory Management?

How to Control & Manage Your Inventory with Inventory Management Software?

7 Must-Have Features of Your Inventory Management Systems

Discover the best inventory management tools for your e-commerce business to effectively manage your inventory. Overcome challenges with the tools in this guide and start to integrate them with different platforms.

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