Success is the most desirable feeling we all want to experience in order to reach our goal. Success is not measured in the same way in different professions. When it comes to a professional approach to business, inventory management is an integral part of it. Inventory management software ensures that you are on the right path to success.
In this article, I will cover a few things related to inventory management techniques and the top five software programs to keep your business running smoothly and efficiently.
What is warehouse management software?
Inventory management software allows you to keep an eye on your company’s supply chain. It allows accurate tracking of commodities, elimination of overproduction, analysis of economic activity in terms of growth and emerging trends, and better investment decisions. It is one of the most famous business systems that is undoubtedly the best for all startups and small businesses.
Key points to consider when purchasing an enterprise resource planning system
Inventory management is an important tool in today’s racing world. There are several factors you should consider.
1. First, it is important to understand what your business needs are, as features and functionality correlate with cost. Buy a software that meets all of your company’s needs at a lower cost.
2. Second, the software you use should be easy to use, and technically, you shouldn’t waste time with it.
3. Choose the type of cloud platform software where you don’t have to worry about data storage and security.
4. Moreover, the software you use needs to integrate with e-commerce and other social media platforms to grow your business globally.
5. Make sure you invest to support your growing business as if you had multiple stores.
5 best warehouse management software in 2021
I will now give you a brief overview of the five most important inventory management programs.
1. Zoho Inventory
Zoho Inventory is a cloud-based logistics and inventory management solution for small and medium businesses, including retailers. With a well-designed layout and user-friendly software, you don’t need to be a professional inventory manager to understand this software. Now let’s look at some of the features of Zoho Inventory:-.
- Zoho’s inventory application helps you efficiently plan and track the location of your inventory.
- This uses the first-in, first-out (FIFO) method for tracking inventory items.
- This application allows you to integrate multiple e-commerce platforms, such as Amazon, eBay and many others.
- If you have a problem with the software, customer service is available 24 hours a day, 7 days a week.
- Any business can use this software to manage multiple warehouses and even control inventory.
- Zoho subscriptions come in 3 levels – Basic, Standard and Professional, depending on the ease of storage and number of users. Users can choose between a monthly subscription ($249 per month) or an annual subscription ($199 per month).
2. Quickbooks Enterprise
QuickBooks Enterprise is a fully integrated platform that includes inventory management, sales and expense tracking, tax preparation, shopping cart management, invoice management, etc. The special features of this company are:
- This software handles reports well and allows you to view all tracks from start to finish.
- Easily create, modify and personalize sales invoices. You can even send or receive business invoices with QuickBooks.
- Your data is absolutely safe and secure with us.
- The QuickBooks Enterprise plan costs $191 per month if you pay annually.
3. Light speed retail
Lightspeed Retail is a cloud-based checkout solution suitable for small to medium businesses and retailers such as sporting goods, home furnishings, jewelry and all restaurants. With this software, retailers can manage all their activities and dive into store analytics.
- Unlike other cash registers, Lightspeed Retail’s user interface is attractive and the ease of use is very good.
- It enables businesses to manage multiple stores and warehouses simultaneously and helps store owners quickly resolve inventory and customer database issues.
- Includes an Apple iOS app for mobile reporting.
- Lightspeed Retail POS works with several third-party vendors to add additional functionality to its software.
- When your stock is low, this software informs you through notifications.
- Lightspeed Retail Software is very affordable, costing just $99 per month if you pay per year.
On-Demand Open Object (Odoo) is a management software that integrates all your activities into a single dashboard. It is available for free and is ideal for development purposes. It is used today for the management of enterprises of different sizes, e.g. healthcare, services, manufacturing, logistics, etc.
The advantage of Odoo software is that users can modify and use the source code according to their needs. Odoo offers more than 14,000 third-party applications in the application store for a variety of business needs. This makes it one of the most widely used free software on the market. Some of the key features of Odoo :
- No matter how many companies or organizations you have, you can add an unlimited number of users.
- Many leading companies, such as Hyundai and Toyota, are using Odoo to expand their business.
- Despite the user-friendly interface, you can create or upload your own new themes.
- Odoo is regularly updated.
- Odoo helps you keep track of your inventory.
- You can get one of the industry-specific modules from the application store.
- Odoo can integrate with third-party services, such as e-commerce sites, social networks, stores, etc.
- The best part is that you can install on your system only those applications or modules that you need for your business.
- In addition, the software supports gateways such as PayPal, Stripe. Allows you to automatically re-pay customers who have forgotten to pay.
Cin7 is a cloud-based platform and inventory management suite designed for a variety of businesses and industries. Now let’s get to know the main features of the Cin7.
- The interface and dashboard are easy to use.
- It has excellent customer service.
- Cin7 uniquely adapts to all businesses by integrating with over 100 e-commerce platforms.
- If you have multiple companies, this software allows you to track all your shipments and data without confusion, i.e. it synchronizes product data across your supply chain and provides you with real-time inventory updates.
- Moreover, when you shop online, you can easily keep track of your accounts and finances without having to switch from one software to another.
- Cin7 is mobile-ready, so you can track all your business data at the touch of a button.
- You can sell all your company’s products worldwide without paying much.
- So you can start your plan from $299 per month.
Overall, these are the best inventory management apps to grow your business globally. So, depending on the type of business, choose your application accordingly. Since supply and demand are key factors in business, inventory management helps you maintain the balance to achieve your goals.
frequently asked questions
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