US corporations ‘ $1.1 trillion of cash and cash equivalents is estimated to be tied up in inventory. To make things worse, 46% of SMBs do not have a proper inventory stock control system. That said, a good inventory control system can greatly increase business profitability. An automated inventory control system unburdens the need to maintain manual records for monitoring stock levels and allied operations.
Looking for Inventory Management Software? Check out SoftwareSuggest’s list of the best inventory management software solutions.
Top 10 Retail Inventory Control System Software
Explore the leading retail inventory control system software options to optimize your stock management and enhance retail efficiency.
1. Fishbowl
Firstbowl is ready to market an Inventory control system that suits the requirements of small and midsize businesses. Fishbowl’s stock management system facilitates efficient inventory tracking from various points of sales and warehouses. With Quickbooks integration, Fishbowl takes inventory stock control and swift decision-making capabilities to a new level.
2. Contalog
Contalog is one of the best inventory control systems in the market today. Its impressive inventory control features include centralized inventory tracking, bin management, real-time notifications of stock levels, stock status across multiple sales channels, warehouse inventory control, salesforce integration, and much more. The catalog also connects order management to sales management to customer management for comprehensive cross-channel inventory control for small businesses and towering corporations alike.
3. Wasp Barcode
Wasp barcode, contrary to its name, is not just about barcode scanning and printing. It is also an effective inventory control system that offers an array of alerts for re-order levels, expiry nearing stocks, and much more. Inventory can be tracked down to the pallet location using the inventory serial number, receipt date, size, location, etc. The inventory stock control system’s barcode usage helps establish uniformity across all channels of inventory management in terms of recording receipts, issuing, and physical stock taking.
4. Netsuite
Netsuite is a globally noted inventory control system that provides real-time detailed reports of inventory levels right from distributors down to owned warehouses. The warehouse inventory control system helps predict how much demand will arise in the future and how it can be supplied on a timely basis within cost constraints without any operational hassles. Netsuite also provides the benefit of automatic generation of purchase and work orders, effective price management, and Automated inventory replenishment when stock levels fall below the safety levels.
5. Stitchlabs
Stitchlabs has established impressive market leadership in the inventory management industry with its centralized inventory tracking, barcode printing & scanning feature-enabled stock control system. Their inventory stock control also provides timely low-stock alerts for each kind of inventory based on lead time and real-time consumption rates. Furthermore, Stitchlabs’ inventory control and management system also assist in sales forecasting even with multiple warehousing facilities.
6. Brightpearl
Brightpearl is an ideal warehouse Inventory control system for multichannel retailers who manage multiple warehouses and sales locations, including point of sales. The system also provides automatic order updates, preventing common pitfalls like repeat order processing, erroneous delivery, missing order fulfillment, etc. Brightpearl also helps track stock levels in real time and provides alerts for low stock levels. Historical sales and other custom reports can also be generated for insightful business information using Brightpearl.
7. Tradegecko
TradeGecko is used by businesses worldwide for its efficient inventory control and management based on real-time stock visibility. The inventory levels are linked to real-time orders and sales transactions. Automated inventory management is a great facility for SMBs ( Sales and orders) who need automated inventory management to efficiently handle sales and purchase orders.
8. Veeqo
Veeqo provides an anytime-anywhere inventory control facility. Business users can monitor inventory in real-time and edit the stock levels according to peak periods and changes in product lines. The effective inventory control system ensures that there is no overselling or possibility of stockout situations, which are otherwise rampant in small-scale businesses.
9. Unleashed
Unleashed is crafted exclusively for small business inventory control, although big businesses can also gain from its faculties as a highend inventory monitoring system. It reduces the difficulty in real-time inventory management by providing visibility of all inventory management processes and transactions across all sales channels and multiple warehouse locations. Unleashed also predicts precise inventory requirements, thus helping businesses make sound working capital decisions.
10. SalesBinder
SalesBinder is an online inventory management system that permits barcode scanning for efficient warehouse inventory control procedures. The system also allows the import and export of inventory data to and fro from the system The reports can be used for further analysis using commonly used spreadsheet programs. SalesBinder also provides prompt low-stock level alerts via email notifications.
To wrap it up
Businesses of all sizes and shapes require an efficient inventory control system to strengthen the working capital structure. Proper use of inventory improves profitability and helps reduce dead stockpile-up instances. These above-described top 10 inventory stock control systems go out of their way to implement stringent controls over inventory recording, management, and usage.
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