Best eCommerce Inventory Management Software

Best ecommerce inventory management software comprises Zoho inventory, ecomdash, Cin7, and Fishbowl. All the ecommerce product management software help in stock replenishment, product offerings, and multichannel tracking.

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List of 20 Best ECommerce Inventory Management Software

Showing 1 - 20 of 85 products

Category Champions | 2024

Inventory management software for growing business

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Grow your business and streamline your inventory management with Zoho Inventory. Manage multi-channel orders, warehouses, packaging, and shipping, track inventory and integrate with many other applications from a single inventory management software. Learn more about Zoho Inventory

Most Reviewed

Contenders | 2024

Inventory, Order Management & Manufacturing Softwa

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SOS Inventory provides cloud-based, end-to-end solutions for small to medium businesses. No start-up costs and very affordably priced while boasting a full suite of features found in high-end ERP solutions. Learn more about SOS Inventory

Category Champions | 2024

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BigCommerce is the best solution for e-commerce inventory management. Streamline the multi-channel inventory to sell on lots of marketplaces like eBay, Amazon and social media like facebook. Learn more about BigCommerce

Contenders | 2024

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Browntape Ecommerce Software pulls in orders automatically from all online portals in one place where you can bulk print labels, ship and track orders. Orders and inventory sync seamlessly across online portals and offline stores. Learn more about Browntape

Category Champions | 2024

Next Gen Business Solution - Retail & Distribution

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LOGIC ERP is one of the most accepted and widely used end to end ERP Solutions for Retail & POS, Warehouse Management, Marketplace and eCommerce with all the insights of business dashboards and Inbuilt Business Intelligence (BI) whether it be single or multi location-based Retail. Omnichannel Retail ERP Suite of LOGIC ERP enhances and strengthens the retail supply chain to provide a unified consumer shopping experience with state-of-the-art Retail Billing (POS Billing) experience across all offline retail to eCommerce and marketplace with seamlessly integrated API. Learn more about LOGIC ERP

Category Champions | 2024

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Seller app is a data analytics platform for your amazon success with features like product research, competitor lookup, keyword research, and tracking, PPC optimization and more! Learn more about SellerApp

High Performer | 2024

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Streamline inventory management operations with Marg ERP. Track inventories accurately, manage multi-company orders, manufacturing, distribution and delivery from a single inventory management software and get rid of expired products with expiry management and push sale. Learn more about MARG ERP 9+ Inventory Management

Category Champions | 2024

Sell Anywhere, Faster with Vin eRetail OMS and WMS

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Vin eRetail WMS, a part of Gartner Magic Quadrant (2017-20) is powerful SaaS-based warehouse management system enables brands, retailers, 3PLs, marketplaces, and distributors to streamline warehousing operations. Learn more about Vin eRetail OMS and WMS

Shipping and Inventory Management Software

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Cloud-Based Shipping and Inventory Management Software for online sellers and SME. Businesses can integrate all sales channels and shipping carriers to fulfill orders and manage Inventory. Available to connect Stripe account to charge customers. Learn more about Multiorders

Emergents | 2024

Syncing prices between suppliers and marketplaces

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Sku Grid is the optimal and feature rich app for drop shipping or resale business. It helps to keep your product data, such as price & stock, in sync with your supplier's data. It supports eBay, Amazon, Shopify, WooCommerce, Bonanza and other marketplaces. Learn more about Sku Grid

Emergents | 2024

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eVanik OneWorld Suite is a SaaS on Cloud ERP platform for multiple marketplace channel management for SMEs selling on these platforms. It takes just 2 steps and 14 minutes to setup the software, integrate the marketplace channels through our robust API integrations. Learn more about eVanik OneWorld Suite

Contenders | 2024

Captain Biz is a sales and purchase invoice manage

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CaptainBiz is a simple-to-use software solution to manage your business hassle-free. Generate tax invoices, track inventory in real-time, manage customers & suppliers, and monitor cash & bank transactions, all in one place, over PC or mobile. Endorsed by GST govt. of India as an affordable and easy-to-use solution for both GST and non-GST companies. Learn more about CaptainBiz

Scalability is our Identity

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FinoForce is India’s best direct selling MLM software. It highlights features like e-wallet and online business combination. The software scales as per the company’s requirement. Moreover, FinoForce is known for offering 24/7 assistance to its clients. Learn more about FinoForce

Contenders | 2024

Stop running out of stock and start using inFlow

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inFlow Inventory is the easiest way to run your wholesale, distribution, manufacturing, or ecommerce business. Ditch your messy spreadsheets and track your inventory from one app. Manage your orders from start to finish with full pick/pack/ship support, bill of materials and assemblies, and integrations with over 35 different ecommerce platforms. Learn more about inFlow Inventory

Emergents | 2024

Software by Unicommerce eSolutions Pvt Ltd

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Uniware is E-commerce software which enables E-commerce merchants of all sizes to sell more. it is the fastest growing Web based Multi Channel Order Fulfilment software in the market. Learn more about Uniware

Contenders | 2024

Multi-Store Shopping Cart Software

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Webcart is the easiest and powerful software of eCommerce platform that can help you to start and manage your online stores with ease. Any of retailers can manage every task from single Admin Panel. Likewise, you can appoint staff to a store with a specific part approaching control. Learn more about Web-Cart

Contenders | 2024

Inventory Management Simplified

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ZapERP is a SaaS provider that offers Inventory, Order, Stock, Warehouse management, Invoicing, and CRM, etc. It has tons of integrations like Shopify, WooCommerce, Amazon, Magento, Quickbooks, Xero, Tally, MailChimp, Stripe, Shyplite and many more. Learn more about ZapInventory

Contenders | 2024

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Veeqo Inventory Management System is a cloud-based application that manages all your orders and inventory from one easy to navigate dashboard. With a very simple step-by-step setup guide, you can effortlessly create that missing link between your websites and online marketplaces such as your Amazon and eBay shops, mobile commerce site and retail stores, giving you one place to manage your customer orders. Learn more about Veeqo

Contenders | 2024

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ROKDI is an automated GST and advance billing software that renders customizable reports and returns. It provides all the essential facets of proficient billing software. Get rid of multi-tool chaos and engage with this all in one billing solution. Learn more about Rokdi

Emergents | 2024

All-in-One Amazon Seller Tools

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Tool4seller is a powerful all-in-one solution for Amazon sellers with following features: store and profit analysis. Pay-per-click optimization. Review analysis. Notification alerts. Learn more about Tool4seller

e-commerce-inventory-management-software

Did you know that 75 percent of firms suffer losses due to bad ecommerce inventory management? To not let this happen to your business and maintain your business inventory seamlessly, it is essential to have an ecommerce inventory management software that manages all the business operations seamlessly.

It is one of the most critical software that online or physical stores must adopt to carry out business processes and manage sales efficiently. Under the umbrella of e-commerce inventory management, there are other processes such as inventory audit, inventory distribution, inventory control, inventory pick list, forecasting and financing,  etc.

To manage each and every process that contributes to the well-organized approach of the inventory management system, there is a need for inventory management software solutions so that a one-stop solution for all can be provided.

What Is eCommerce Inventory Management Software?

E-commerce inventory management systems are an optimized way to manage your business, inventory, stocks, shipping, pricing, and order tracking. The purpose is to automate processes and keep track of inventory in a digitized and systematic way.

E-commerce inventory management tools offer a one-stop solution for retailers, streamlining stock management in a single software. Not only that, an e-commerce inventory management software gives useful information and insights to the sellers about customer analytics.

For instance, e-commerce inventory management software can play a vital role in optimizing game development operations. It helps manage digital assets, streamline supply chain processes, and track project progress for efficient resource allocation and timely delivery. Additionally, it facilitates game distribution, sales tracking, and asset monetization for in-game purchases or downloadable content. With powerful reporting and analytics, game development companies can gain valuable insights and make data-driven decisions to optimize business efficiency and cost. By utilizing specialized inventory management solutions, game development companies can enhance productivity and focus on delivering exceptional gaming experiences to their audience.

Benefits of eCommerce Inventory Management Software

In the rapidly growing market of eCommerce, eCommerce inventory management systems have one of the most used tools for the number of benefits it offers. Here are some of the most pronounced benefits sellers can obtain by utilizing it.

benefits-of-ecommerce-inventory-management-software

  1. Increased Visibility

    Inventory visibility refers to the management and keeping of a real-time view of the tracked inventory based on the location of multiple warehouses, stocks, and products. The sellers can have real-time updates of the sold and available products in the catalog using an inventory management system.

    Speaking of that, the inventory management software helps the seller to keep an eye on the SKU (stock-keeping unit) and manage inventory efficiently. Moreover, it also helps the seller in decision-making and is crucial for keeping track of data and insights into the inventory.

  2. Forecasting Capabilities 

    The forecasting capabilities to manage inventory focuses on the stock and product sourcing for future products. This is done by leveraging data and other macro-level trends that give an insight to the sellers into whether they are about short on a stock and what items should be stocked more than needed.

    The e-commerce inventory management tools benefit in forecasting the inventory demand as the sellers can execute the processes for demand planning, supply chain optimization, cost management, etc. Integrating the software into your business processes for forecasting would help eliminate the risk of losing customers, unsatisfactory customer relationships, and other similar aspects.

  3. Gives Accurate Reading

    It is essential for the sellers to have accurate insights and information on the stock. For the abovementioned purpose, sellers must equip themselves with e-commerce inventory management tools that can help seamlessly. Using the software, sellers' main benefit is the inventory counts managed through automation.

    The sellers do not have to go through the cumbersome process of managing inventory one by one. Furthermore, the feature of barcoding and scanning in the inventory management program ensures that there are no wrong entries rather than the correct and available ones. Last but not least, it helps keep the data insights of stocks, orders, returned products, and overall availability.

  4. Acts as a Product Master

    An e-commerce inventory management system is also called a product master among its users, as it is considered a centralized database. Speaking of that, it has all the information for products, including descriptions, pricing, and availability, ensuring consistent and accurate data across multiple sales channels.

  5. Increased Precision 

    By using inventory management software, the chances of human-based errors are reduced. Moreover, it gives accurate details based on the available data and reports of the inventory. Hence, by automating real-time inventory tracking and order processing, the software reduces human errors and improves the accuracy of inventory records.

  6. Reduces Business Costs

    One of the major problems that businesses face today is overstocking and out-of-stock w.r.t inventory. To overcome the issue, sellers need to have a report of inventory control for sticking the data accurately so that the expenditure can be controlled.

    E-commerce inventory management software helps reduce over-purchasing costs and enables the sellers to only stock as per the requirement. Using the software can benefit you by estimating the ideal time to reorder without overspending on the inventory.

  7. Improved Reporting

    Improved reporting in e-commerce inventory management software empowers businesses to gain valuable insights into sales trends, product performance, and customer behavior. With comprehensive analytics and data visualization, companies can make informed decisions, optimize inventory levels, and identify opportunities for growth. These actionable reports enhance operational efficiency, drive strategic planning, and ultimately contribute to the business's overall success.

  8. Increased Efficiency

    E-commerce inventory management system diminishes operational bottlenecks, minimizes fulfillment errors, and ultimately boosts productivity by automating manual tasks, optimizing order processing, and providing real-time inventory visibility, allowing businesses to meet customer demands more efficiently and effectively. By automating tasks such as order fulfillment, inventory tracking, and reordering, businesses can save valuable time and resources.

Why Do You Need Inventory Management for E-Commerce?

With the increasing number of online businesses and customers’ needs, sellers must make smart decisions to help them automate their business processes. Here is why you need to have an e-commerce inventory management for your business -

need-for-inventory-for-ecommerce

  1. Accurate Stock Control

    Inventory control ensures that the company has the proper stock levels for upcoming orders and that the seller can provide customers with the stock on time. It is an essential aspect of e-commerce inventory management for keeping up with multiple warehouse improvements, financial investment, and customer satisfaction. Inventory control management further entails the direction of stock from the time of stocking to the time of delivery to the customer.

  2. Efficient Order Fulfillment 

    Sellers need to know every bit of information about orders placed, in transit, and shipped orders. They can keep their systems updated for inventory stocks, orders, and shipping information using inventory management software. The software is designed to update the information for each aspect as the changes occur. Therefore, leveraging the software can improve the speed and accuracy of business processes.

  3. Demand Planning and Forecasting

    To not lose sales and customers, sellers must have the stock in their backlog for future orders. For this purpose, sellers need to automate the stock replenishment so that the inventory management software can generate a request for stock sellers. This enables the business owners to always have their stock in the backlog ready to be supplied to the customers. The software has many premium and inbuilt features that provide sellers with automatic stock replenishment at an advanced level.

  4. Streamlined Operations

    To centralize and automate tasks in one place, e-commerce inventory management solutions play a crucial role. In light of that, eCommerce inventory management software reduces manpower and reduces the risks of human errors by automating tasks such as order management, WMS, order fulfillment, and many others. The sellers do not have to worry about the manual input of the information and can run their online store's operations seamlessly.

  5. Cost Optimization

    Businesses may avoid overstocking or understocking, minimizing unnecessary inventory expenses or lost sales opportunities with the use of effective real-time inventory tracking and forecasting capabilities. The software provides insights into inventory levels, sales trends, and demand patterns, enabling them to make data-driven decisions.

    Businesses can take appropriate action by identifying slow-moving or outmoded items, such as developing promotional methods or disposing of inventory to reduce holding costs. Additionally, the software's automation features decrease the need for manual labor, increase productivity, and free up resources, which saves money and boosts profitability.

How to Choose an eCommerce Inventory Management Software?

The end goal of e-commerce inventory software is to achieve high accuracy and reduce human errors. Along with this, sellers or manufacturers lookout for software to provide agile solutions for inventory management.

Therefore, it is important to consider some facts and features before you choose an e-commerce inventory management software for your business that can help you select the better one and keep the unsuitable one at bay. Here are some factors that will help you select the best e-commerce inventory management software.

ecommerce-inventory-management-software-selection

  1. User Interface (UI)

    The User Interface in eCommerce inventory management software enables the users to interact with and perform tasks within the software. It includes the design, layout, and controls that enable users to access and manipulate inventory-related information.

    When choosing ecommerce inventory software, prioritize an intuitive user interface (UI) with clear menus, icons, buttons, and forms for a user-friendly experience. A well-designed UI in inventory management software improves user productivity and satisfaction.

  2. Sales Management

    Sellers need to know every bit of information about orders placed, in transit, and shipped orders. Using the software, they can keep their systems updated for the inventory stocks and sales from the inventory, including orders and shipping information.

    The software is designed to update the information for each aspect as the changes occur. Hence, having a robust system of sales management in the inventory management software will help you reduce manpower, automate business operations, and improve your productivity as well.

  3. Usability

    The usability of the e-commerce inventory management software entails the ease of use in the software so that the users can navigate through it easily. That being said, the main purpose of having good usability is to give an enhanced and smooth experience for managing inventory-related tasks.

    While selecting and buying the e-commerce inventory management software, it can efficiently track, manage, and optimize its inventory operations, ultimately enhancing productivity and streamlining business processes.

  4. Software Integrations

    Integrating efficiently into the new or existing system plays an important role in inventory management. The inventory department of any business is closely interrelated to sales, accounting, and CRM. Therefore, it is essential to make sure that the software has the features to offer seamless integrations. Choosing software with robust integration capabilities would help the business improve collaboration between different departments and complete processes.

  5. Value for Price

    If the software does not align or fulfill the business needs, it might not be perfect for your business processes. The tool and the cost you pay for it should lie in accordance with the business needs, as you would never want to buy software with features that are complex or not required for your business. Therefore, before choosing any e-commerce inventory management software, ensure it can do the best for you with its features at the price you pay.

Best 5 eCommerce Inventory Management Software Comparison

Name
Free Trial
Demo
Pricing

inFlow

14 Days

Yes

Starting price at $89/month

SkuVault

15 Days

Yes

Starting price at $359/month

QuickBooks Commerce

30 Days

Yes

Starting price at $9/month

Veeqo

14 Days

Yes

Free

Zoho Inventory

15 Days

Yes

Starting price at $59/month

From a multitude of e-commerce inventory management software, we have listed the 5 best inventory management software so that you can operate your business seamlessly. Explore their standout features, benefits, limitations, and pricing options to make an informed choice.

1. inFlow

inflow-ecommerce-inventory-dashboard

inFlow is a popular inventory management software that goes beyond spreadsheets, providing a user-friendly interface and scalable features to suit businesses of any size. With a strong emphasis on inventory tracking, inFlow accommodates diverse workflows, whether dropshipping teas, manufacturing counting machines, or creating handmade jewelry. The software helps simplify complicated inventory management by optimizing your inventory processes.

Features
  • Inventory control
  • Barcoding 
  • Manufacturing 
  • Integrations & API
  • Sales and Invoicing 
  • B2B Portal
Pros
  • It has an intuitive UI. 
  • The built-in organization tools are optimized for reducing stock error transfer, and assign barcodes and serial numbers.
  • Users can access it anytime from their mobile devices, whether iOS, Android, and web companion apps.
Cons
  • Given the features in their pricing plans, it is pricey software for most users.
  • It doesn't offer good management options for multiple warehouses.

Pricing

  • Free Trial - Available 
  • Entrepreneur - $89/month 
  • Small Business - $219/month
  • Mid-size - $439/month

2. SkuVault

skuvault-ecommerce-inventory-dashboard

SkuVault is a cloud-based warehouse management tool that is specifically designed for small businesses focusing on or providing eCommerce solutions. It offers product knitting, streamlined pick, pack, ship process, and Hyper Picking. SkuVault offers integrations with e-commerce solutions and mobile applications for Android, iPhone, and Windows.

Features
  • Supply chain
  • Ecommerce inventory management
  • Datacoach
  • Amazon FBA inventory management
  • Inventory management reporting
Pros
  • It offers unlimited integrations for the e-commerce store, enabling online retailers to maximize their selling and store revenue using solutions in one place. 
  • They offer the users the best customer service experience with prompt replies and timely support.
Cons
  • It lags a bit as it is sometimes unable to find the products using the search bar.   
  • The scanning procedure of the tool is repetitive and causes frustration due to its redundancy.

Pricing

  • Free version available 
  • Growth - $359/month 
  • Pro - $769/month
  • Enterprise - $1259/month
  • 3PL - $689/month 

3. QuickBooks Commerce

quickbooks-commerce-inventory-dashboard

QuickBooks Commerce is a cloud-based order management system and inventory that enables you to manage your e-commerce stores seamlessly. It allows users to work with different apps such as Shopify, eBay, and Amazon.

Moreover, using QuickBooks Commerce, users can get insights into revenue, expenses, and profitability and connect e-commerce stores with it quickly. It also has a mobile that helps users access and manage their stores seamlessly using their mobile devices. 

Features
  • Accounting
  • Advanced accounting
  • Virtual bookkeeping
  • Payroll
  • Pay contractors
  • Time tracking
Pros
  • It simplifies the buying and selling process by keeping all the products organized and sending out all the invoices on time.
  • It keeps track of the stock (shipped out and delivery details) with robust speed and precision.
Cons
  • It is slow in the installation process and also in the execution process of some workflows. 
  • It has very limited options for customization.
  • Returns edit and exchange modules do not work seamlessly. 

Pricing

  • Simple Start - $9/month 
  • Essentials - $16.50/month 
  • Plus - $25.50/month
  • Advanced - $60/month 

4. Veeqo

veeqo-ecommerce-inventory-dashboard

Veeqo is an eCommerce inventory management software that helps sellers efficiently manage their inventory across multiple sales channels. It offers features like order management, inventory tracking, shipping management, and integration with popular eCommerce platforms and marketplaces. Veeqo aims to streamline operations, improve inventory accuracy, and enhance the overall efficiency of eCommerce businesses. It is one of the completely free e-commerce inventory management solutions in the market. 

Features
  • Marketplace integrations
  • Inventory forecasting
  • inventory management
  • Mobile picking 
  • Analytics tools
Pros
  • It has a user-friendly and intuitive UI that helps users run the operations and navigate through them seamlessly.
  • They have one of the best customer support teams, and they also guide in the onboarding process. 
  • The software streamlines shipping operations through carrier integration which makes business processes easier.
Cons
  • It lacks some basic functionalities for an ecommerce store and is more apt for third-party users. 
  • It has limited integrations that businesses need to make their business operations smooth.

Pricing

  • It is a completely free eCommerce inventory management software with no hidden charges. 

5. Zoho Inventory

zoho-inventory-ecommerce-dashboard

Another industry-leading software is Zoho Inventory. It is an investment management software for small businesses and enterprises that enables business owners to manage orders with features like end-to-end tracking, warehouse management, etc. Furthermore, one of the best features of Zoho Inventory, being an essential tool, is that it offers multiple shipping integrations, account integrations, and CRM integrations which quicken the seller's product selling and business management. 

Features
Pros
  • It is quite user-friendly and easy to use. 
  • It offers multiple integrations that automate business processes. 
  • Users can check stock levels, manage the activity of multiple warehouses, and generate reports easily.
Cons
  • The integrations with Shopify are relatively difficult for the sellers.
  • The customizations are not available to a wide extent for the users as only a few customizations can be made. 
  • It does not have enough inventory reconciliation modules that can impede the count and ration of inventory.

Pricing

  • Free version available 
  • Standard Plan - $59/month 
  • Premium Plan - $159/month
  • Elite Plan - $239/month
  • Ultimate - $329/month 

Challenges In The eCommerce Inventory Management Software

Despite its numerous advantages, the software comes with its set of challenges that businesses need to tackle efficiently for seamless operations and optimal inventory control.

issues-in-ecommerce-inventory-management-software

  1. Inconsistent tracking

    One of the difficulties in eCommerce inventory management software is keeping consistent and correct inventory levels across numerous sales channels and facilities. This can lead to consumer discontent and revenue loss as a result of overselling or underselling. For successful decision-making and stock restocking, real-time visibility and synchronization are essential.

  2. Handling multiple channels & warehouse management

    Keeping track of stock across many sales channels and multiple warehouses can be difficult and error-prone, which is a challenge for online retailers. Coordination of stock movements and synchronization are critical problems for maintaining accurate stock levels and efficiently fulfilling orders.

  3. Overselling and overstocking

    Overselling and overstocking can be significant difficulties in tracking inventory and inventory investment. To address these difficulties, eCommerce firms rely on modern inventory management solutions that provide real-time tracking, demand forecasting, and automated order processing.

    Businesses may assure better supply chain operations, lower costs, and improve customer satisfaction by efficiently controlling inventory levels.in avoiding these problems and guaranteeing a smooth and successful operation.

  4. Lacking data insights

    The lack of detailed data insights is a significant difficulty in eCommerce inventory management software. Ecommerce businesses may struggle to make informed decisions about inventory levels, demand forecasts, and stock replenishment if they do not have access to real-time and relevant data.

    This can result in inefficiencies in inventory management, leading to stockouts or overstocking, both of which can have an impact on customer happiness and revenue. eCommerce businesses may optimize their inventory plans, streamline operations, and remain competitive in a volatile market by embracing insights derived from data.

  5. Managing sales manually

    Manually managing sales can be a considerable difficulty. Using manual methods to track sales, order fulfillment, and stock updates can result in errors, discrepancies, and inefficiencies in inventory management.

    Manual techniques become time-consuming and prone to human errors, such as overselling or stockouts, when there is a huge volume of transactions and products. Ecommerce businesses can expedite sales processes, decrease human errors, and have better control over their inventory by implementing an automated inventory management system, ensuring smooth operations and increased customer satisfaction.

Measuring the Success of eCommerce Inventory Management Software

To measure the worth of an ecommerce inventory management software, some factors contribute to it. Here are the top 5 factors that determine its effectiveness:

ecommerce-inventory-manageemnt-software-success-factors

  1. Inventory Accuracy

    Inventory accuracy is a key measure of an eCommerce inventory management software's effectiveness and dependability. Stock levels align with real-time data when inventory accuracy is high, lowering the danger of stockouts or overselling.

    It enables businesses to make informed decisions, improve order fulfillment, and keep customers satisfied. A software solution that regularly provides accurate inventory data boosts overall efficiency in operations and promotes smooth corporate growth.

  2. Order Fulfillment Efficiency

    The measurement of order fulfillment efficiency is a key indicator to evaluate the effectiveness and success of an eCommerce inventory management software. The speed and accuracy with which customer orders are processed, picked, packed, and delivered showcase the system's capability to streamline operations and meet customer expectations promptly.

    A high level of order fulfillment efficiency indicates a well-optimized inventory management process, leading to improved customer satisfaction and increased profitability for the business.

  3. Demand Forecasting Accuracy

    Businesses can test the software's capacity to create exact projections by comparing expected demand with actual sales data essential for analyzing stock demand. Increased forecasting accuracy enables businesses to optimize inventory levels, reduce stockouts, and avoid overstock situations, thus improving customer happiness and lowering carrying costs.

  4. Inventory Optimization

    Inventory optimization is critical in determining the effectiveness of eCommerce inventory management software. The software improves supply chain efficiency and cost-effectiveness by properly monitoring stock levels, eliminating surplus inventory, and maintaining product availability. Achieving ideal inventory levels results in lower holding costs and improved overall efficiency in operation, indicating the software's effectiveness and effect on the bottom line.

  5. Customer Satisfaction

    When inventory is managed efficiently, it guarantees that products are easily available, lowering the likelihood of stockouts and backorders. This results in better order fulfillment, quicker shipping times, and better customer service, increasing customer satisfaction. Customers who are pleased with the software are more likely to make further purchases, promote the company to others, and give favorable reviews, demonstrating that the software benefits the entire customer experience and business performance.

Current Trends in Inventory Management for Ecommerce

The ecommerce market is evolving rapidly with the customer needs and demand for smooth business operations. With that being said, it has embraced the new trends that will shape the upcoming features in software solutions.

trends-in-ecommerce-inventory-management-software

  1. Artificial Intelligence

    In inventory management for ecommerce, artificial intelligence, and machine learning play an important role. The one helps in the automation while learning from the available data and taking optimized decisions. As the data size and the customer base increases, the sellers and market expect automated operations that can only be achieved through artificial intelligence.

  2. Cloud-Based Solution

    On-premise solutions have been overtaken by the cloud-based software solution as they are more user-friendly and viable. Sellers can access the required data from anywhere, anytime, if they use cloud-based solutions for an ecommerce inventory management solution. This surging trend benefits in different ways, such as lower hardware costs, faster business operations, and up-to-date software.

  3. Distributed Inventory

    Under this trend for e-commerce, inventory management software entails carefully dispersing inventory across many warehouses or fulfillment centers in various regions. Businesses can minimize delivery times and costs, improve order fulfillment efficiency, and boost customer happiness by doing so. This trend is especially advantageous for global organizations, allowing them to optimize their supply chain and provide a smooth shopping experience to clients worldwide.

  4. Predicting Customer Orders

    Predicting customer order trends in ecommerce inventory management software is a useful feature that takes advantage of data analytics and machine learning algorithms. The software can accurately anticipate future product demand by analyzing historical order data, customer behavior, and market trends.

    Businesses can use these predictive capabilities to optimize inventory levels, ensure product availability, and reduce overstocking or stockouts. As a result, ecommerce businesses can improve operational efficiency, minimize holding costs, and provide customers with a smooth shopping experience, leading to higher customer happiness and better business performance.

  5. Personalization of Customer Buying Habits

    Personalization of client purchasing habits is becoming increasingly popular in ecommerce inventory management software. Businesses can watch and analyze customer activity to better understand their preferences and purchasing habits by employing data analytics and artificial intelligence.

    This allows e-commerce systems to provide personalized suggestions for products, targeted promotions, and dynamic pricing, ultimately improving customer experience, increasing consumer loyalty, and driving higher sales conversions.

  6. Retail Automation of Tasks

    Retail task automation is a game changer in ecommerce inventory management software. It entails leveraging advanced technologies like AI and machine learning to automate different repetitive operations such as order management, processing, inventory tracking, and shipment management.

    This automation streamlines operations, lowers manual errors, and enhances overall productivity, allowing retailers to focus more on strategic planning and customer experience enhancement.

  7. Third-Party Logistics

    Ecommerce organizations can streamline their supply chain, decrease operational difficulties, and increase order fulfillment efficiency by incorporating 3PL services into effective inventory management tools. This trend enables businesses to focus on core business activities while utilizing the expertise and resources of specialized logistics providers, resulting in cost savings and improved customer satisfaction.

Conclusion

Selling or manufacturers need to take smart actions to optimize business operations and processes. Adapting the technology and employing software for your business management can boost efficient risk management and better customer experience.

E-commerce inventory management has become the need of time as it is booming and rapidly evolving. Sellers, manufacturers, and business owners need a robust system to help them grow their businesses and generate higher ROI. Using the best inventory management software will help you regulate the business operations and navigate through them seamlessly, enabling the sellers to focus on other important tasks and business priorities.

Pratiiek Mavani
Researched and Written by Pratiiek Mavani | Last Updated: January 02, 2024