Best Inventory Management Software in India for 2025

Top inventory management software in India are includes Zoho Inventory, Cin7, Odoo Inventory, inFlow, and Sortly. Such inventory and stock management software streamlines tracking, reduces errors, saves time, and optimizes stock levels, enhancing business efficiency and profitability.

What is Inventory and Stock Management Software?

Inventory management software helps to track orders, sales, and deliveries, and monitor overall inventory levels. The features and functionalities offered by this software often include inventory management, order management, purchasing, demand forecasting, barcode scanning, reporting, and interaction with other business systems.

Pratiiek Mavani
Researched and Written by Pratiiek Mavani
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Supriya Bajaj
Reviewed and edited by Supriya Bajaj
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Most Popular Inventory Management Software

This listing showcases software based on user recommendations and popularity. It also highlights products from our valued client partnerships.

SoftwareSuggest offers verified & unbiased user reviews based on user ratings and feedback. Our ratings and reports do not contain any paid placements. Learn more about our ranking methodology.

List of 20 Best Inventory Management Software

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#1 Inventory Planning Software Tailored To E-Comme

Product Description

This information is provided by vendor.

Inventory Planner by Sage enhances inventory management through several key functionalities: Demand Forecasting: It uses historical sales data, seasonal trends, and other variables to predict future inventory needs, helping businesses plan and maintain optimal stock levels. Automated Replenishment: The software automatically generates purchase orders based... Read More About Inventory Planner by Sage

Inventory Planner by Sage Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Alerts And Notifications
  • Supplier Management
  • Mobile Access
  • Reporting And Analytics
  • Cycle Counting
  • Automated Replenishment
  • Barcode Scanning
  • Purchase Order Management
  • View all Features

#1 Cloud ERP for Fast-Growing Businesses

Product Description

This information is provided by vendor.

NetSuite, the #1 cloud ERP, is an all-in-one cloud business management solution that helps more than 29,000 organizations operate more effectively by automating core processes and providing real-time visibility into operational and financial performance. Read More About Oracle NetSuite ERP

Oracle NetSuite ERP Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Professional Services Automation (psa)
  • Production Management
  • Procurement
  • Workflow Automation
  • Human Capital Management
  • Fixed Asset Management
  • Order Management
  • Financial Management
  • View all Features
4.7
out of 5 (3 Reviews)
Features
4.7
Ease of Use
4.3
Value for Money
4.0
Customer Support
4.3
muhammadasif
seo

As a business owner, I have always sought to streamline my operations and optimize efficiency. After extensive research and evaluations, I decided to implement Oracle NetSuite ERP, and it has exceeded my expectations in every aspect. Oracle NetSuite ERP is a robust, versatile solution that seamlessly integrates various business processes into a single, unified platform. From financial management to supply chain and inventory control, this ERP system covers all essential business operations areas. The comprehensive suite of features offered by Oracle NetSuite ERP is truly impressive.

Read all 3 Reviews

Category Champions | 2025

Product Description

This information is provided by vendor.

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. Read More About Zoho Inventory

Zoho Inventory Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Serial Number Tracking
  • Batch And Expiry Date Tracking
  • Inventory Reports
  • Dropshipping
  • Customizable Templates
  • Backordering
  • Shipping Integrations
  • Barcode Scanning
  • View all Features

Standard Edition

$ 208

Per Organization/Year

Professional Edition

$ 374

Per Organization/Year

Premium Edition

$ 569

Per Organization/Year

Elite Edition

$ 1014

Per Organization/Year

4.7
out of 5 (90 Reviews)
Features
4.5
Ease of Use
4.5
Value for Money
4.7
Customer Support
4.5
Richard Sheu
Admin

Zoho Inventory is very good value for money. However, the barcode scanner didn't respond well when we took orders; most of the time, it needed to scan 2 to 3 times. Also, it does not auto-save when adding items.

Read all 90 Reviews

Zoho Inventory Features and Usability-Based User Satisfaction Score

Rating Score 9.4

Rating Score

Out of 10

No. of reviews Score 10.0

No. of reviews Score

Out of 10

Freshness Score 10.0

Freshness Score

Out of 10

Social Score 9.1

Social Score

Out of 10

Monthly website visitor Score 8.0

Monthly website visitor Score

Out of 10

Inventory, Order Management & Manufacturing Softwa

Product Description

This information is provided by vendor.

SOS Inventory provides cloud-based, end-to-end solutions for small to medium businesses. There are no start-up costs, and it is very affordably priced while boasting a full suite of features found in high-end ERP solutions. Read More About SOS Inventory

SOS Inventory Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Accounting Integration
  • Vendor Management
  • Api Access
  • Barcode Scanning
  • User Permissions
  • Purchase Orders
  • Mobile Access
  • Custom Fields
  • View all Features

Companion

$ 65

Per Month

Plus

$ 130

Per Month

Pro

$ 180

Per Month

5.0
out of 5 (1 Review)
Features
5.0
Ease of Use
5.0
Value for Money
5.0
Customer Support
5.0
TECH FLINDER
EXPORT OFFICER

We are using this software in our company, and I am also using it personally for my work. I recommend all of you buy this software because its services and features are excellent.

Read Review

Emergents | 2025

Product Description

This information is provided by vendor.

Increff is a retail and supply chain technology company that provides inventory optimization, merchandising, and warehouse management solutions. It helps brands and retailers improve inventory accuracy, reduce stock wastage, and enhance order fulfillment with data-driven automation. Read More About Increff

Increff Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Supplier Management
  • Customizable Dashboards
  • Order Management
  • Sku Management
  • Warehouse Management
  • Alerts And Notifications
  • Analytics And Reporting
  • Mobile Access
  • View all Features

Increff Features and Usability-Based User Satisfaction Score

Freshness Score 9.0

Freshness Score

Out of 10

Social Score 5.0

Social Score

Out of 10

Monthly website visitor Score 6.0

Monthly website visitor Score

Out of 10

File your tax returns online

Product Description

This information is provided by vendor.

EasemyGST is an online GST tax filing software that helps enterprises and customers file their Goods and Services Tax returns online. Enterprises and customers can obtain their GST registration through the website and file tax returns seamlessly and effortlessly. Read More About EasemyGST

EasemyGST Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Document Management
  • Gst Compliance
  • Tax Payment Reminders
  • Data Import/export
  • Mobile App Access
  • E Filing Of Returns
  • Invoice Management
  • Bank Reconciliation
  • View all Features

Standard Plan

$ 17

Per Month

Get Offer

Enterprise Plan

$ 69

Per Month

Get Offer
4.5
out of 5 (2 Reviews)
Features
3.5
Ease of Use
5.0
Value for Money
4.5
Customer Support
5.0
Nishtha
Accounant

The support team is always willing to assist. Premium service. Reconciliation is excellent and very helpful. EaseMyGST works exceptionally well.

Read all 2 Reviews

Open Source Alternative to SAP

Product Description

This information is provided by vendor.

ERPNext is a critical foundation of your business, and we believe that you should have the freedom and control over your ERP software. This means that you have the choice to select your hosting provider or host it on your own. ERPNext is one of... Read More About ERPNext

ERPNext Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Helpdesk
  • Hospitality
  • Manufacturing
  • Energy
  • Quality Management
  • Accounting
  • Hr And Payroll
  • Healthcare
  • View all Features

Open Source

$ 0

Free forever

Get Offer

Cloud

$ 11

Site/Month

Get Offer

Enterprise

$ 1181

Site/Month

Get Offer
4.5
out of 5 (11 Reviews)
Features
4.5
Ease of Use
4.5
Value for Money
4.6
Customer Support
4.4
Mohammed Niyas

ERPNext is an excellent example of software that can assist a business in organizing and managing the work of its various departments. ERPNext is a web-based, open-source system for small and medium-sized organizations. It can help with accounting, project and task management, sales, purchases, inventory, CRM, administration, human resource management, manufacturing, and even website management. This system is easy to use, powerful, and loaded with features. It enables businesses to run effectively and connect with one another by utilizing the advantages of a single unified solution.

Read all 11 Reviews

Contenders | 2025

Product Description

This information is provided by vendor.

Genius ERP is a revolutionary ERP system for SME manufacturers. It has various helpful features, which include shop floor scheduling, accounting features, inventory control, product engineering, etc. Read More About Genius ERP

Genius ERP Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Purchase Order Management
  • Supply Chain Management
  • Multi Currency Support
  • Product Lifecycle Management
  • Human Resources Management
  • E Commerce Integration
  • Customer Relationship Management (crm)
  • Production Planning
  • View all Features
4.3
out of 5 (17 Reviews)
Features
4.4
Ease of Use
3.9
Value for Money
4.2
Customer Support
4.6
Matthew Foerster
Sales Manager / Genius Champion

Genius ERP's CAD2BOM capability has enabled Starr MFG to transfer BOM data straight from Inventor and SolidWorks into the ERP system with a few clicks, instead of hours of manual duplicate data entry. It has enabled us to move at the speed that our clients require. Conservatively, it has shortened the manufacturing throughput cycle by 3-5 days on average. The data accuracy has also significantly improved over manual entry.

Read all 17 Reviews

Genius ERP Features and Usability-Based User Satisfaction Score

Rating Score 8.6

Rating Score

Out of 10

No. of reviews Score 4.0

No. of reviews Score

Out of 10

Freshness Score 5.5

Freshness Score

Out of 10

Social Score 8.8

Social Score

Out of 10

Monthly website visitor Score 6.0

Monthly website visitor Score

Out of 10

Emergents | 2025

Product Description

This information is provided by vendor.

HDPOS smart is a feature-rich, easy-to-use retail POS billing and inventory management software that is available to you at a very low cost in India. Retail POS software gives you full control of your business even if you are physically not in the shop. Read More About HDPOS Smart

HDPOS Smart Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Discount Management
  • Customer Management
  • Employee Management
  • Inventory Management
  • Customizable Invoices
  • Sales Reports
  • Purchase Orders
  • Loyalty Programs
  • View all Features
4.1
out of 5 (18 Reviews)
Features
4.4
Ease of Use
4.2
Value for Money
3.9
Customer Support
4.1
Vasudev

Very user-friendly, with nice supportive staff. I had a great experience working with them and recommend all retailers to use this software.

Read all 18 Reviews

HDPOS Smart Features and Usability-Based User Satisfaction Score

Rating Score 8.2

Rating Score

Out of 10

No. of reviews Score 4.0

No. of reviews Score

Out of 10

Freshness Score 5.5

Freshness Score

Out of 10

Social Score 8.8

Social Score

Out of 10

Monthly website visitor Score 8.0

Monthly website visitor Score

Out of 10

Contenders | 2025

Know what in stock with the best inventory software

Product Description

This information is provided by vendor.

Logic ERP is the only inventory and supply chain management software you need to streamline business operations. Not only does it keep you updated with your list in real-time, but it also helps you optimize the demands so you can place orders accordingly. Providing a... Read More About LOGIC ERP

LOGIC ERP Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Order Processing
  • Sales Management
  • Barcode Scanning
  • User Access Control
  • Human Resource Management
  • Point Of Sale (pos)
  • Purchase Management
  • Warehouse Management
  • View all Features
4.4
out of 5 (19 Reviews)
Features
4.4
Ease of Use
4.5
Value for Money
4.5
Customer Support
4.6
saipureddy chandrasekhar
Free

We've created a suitable place to house various survey processes that were previously handled through email. This has enabled tracking, reporting, and visibility to methods that weren't available before LogicManager. The customer support team has been amazing! Everyone I've interacted with has provided positive solutions and support.

Read all 19 Reviews

LOGIC ERP Features and Usability-Based User Satisfaction Score

Rating Score 8.8

Rating Score

Out of 10

No. of reviews Score 4.0

No. of reviews Score

Out of 10

Freshness Score 6.0

Freshness Score

Out of 10

Social Score 9.4

Social Score

Out of 10

Monthly website visitor Score 8.0

Monthly website visitor Score

Out of 10

Category Champions | 2025

Easy Inventory and Stock Management Software for Mobile & Desktop

Product Description

This information is provided by vendor.

myBillBook is inventory management software to help you manage & track your stock. You can track all inventory using this software, including batch number, expiry date, manufacturing date, slot number, and other details. Read More About myBillBook

myBillBook Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Reports & Analytics
  • Customizable Templates
  • Data Backup
  • Credit Notes
  • Mobile App
  • Multi User Access
  • Barcode Scanning
  • Expense Tracking
  • View all Features

Silver Plan

$ 0

Per Month

Get Offer

Diamond Plan

$ 3

Per Month

Get Offer

Platinum Plan

$ 3

Per Month

Get Offer

Enterprise Plan

$ 6

Per Month

Get Offer
4.8
out of 5 (68 Reviews)
Features
4.7
Ease of Use
4.8
Value for Money
4.7
Customer Support
4.7
Abhijeet Sinha
social media

This is the best billing and accounting software I have used. This software has the best features. It is very easy to use and helps generate bills in less than a minute. Thanks to myBillBook.

Read all 68 Reviews

myBillBook Features and Usability-Based User Satisfaction Score

Rating Score 9.6

Rating Score

Out of 10

No. of reviews Score 10.0

No. of reviews Score

Out of 10

Freshness Score 8.5

Freshness Score

Out of 10

Social Score 9.6

Social Score

Out of 10

Monthly website visitor Score 8.0

Monthly website visitor Score

Out of 10

Full Suite of Integrated Business Apps

Product Description

This information is provided by vendor.

Odoo is a powerful open-source ERP/CRM with comprehensive business applications and easy lead tracking. It has a rich web interface that is both feature-rich and highly customizable to suit your business requirements. You can also download it or grab the source code from GitHub. Read More About Odoo

Odoo Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Manufacturing
  • Project Management
  • Studio (customization)
  • Document Management
  • Accounting
  • Marketing Automation
  • Website Builder
  • Email Marketing
  • View all Features

Odoo

$ 20

User/Month

Get Offer
4.5
out of 5 (4 Reviews)
Features
4.8
Ease of Use
4.0
Value for Money
4.5
Customer Support
3.8
Abhishek Khanna
Business Owner

Odoo ERP is a versatile business management software that provides extensive features for multiple business functions, and we are using the CRM and Purchase modules. The Purchase module allows detailed product tracking, including prices, discounts, and vendor-specific details, and supports multiple units of measure and variant management. It automates procurement processes based on inventory levels, sales orders, and production needs, integrating seamlessly with other Odoo modules like Inventory and Sales for streamlined operations. The CRM module supports tracking customer interactions and sales activities, providing a comprehensive view of customer histories and sales pipelines. Overall, it is good but requires a small amount of technical training to fully understand.

Read all 4 Reviews

The next generation Online Accounting Software

Product Description

This information is provided by vendor.

ProfitBooks is a simple and fast business accounting software for small businesses. It lets you create beautiful invoices, track expenses, and manage inventory without any accounting background. Read More About ProfitBooks

ProfitBooks Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Project Management
  • Multi Currency Support
  • Sales Orders
  • Bank Reconciliation
  • Time Tracking
  • Purchase Orders
  • Gst Compliance
  • Invoicing
  • View all Features

Professional Plan

$ 83

Per Year

Get Offer

SMB Plan

$ 125

Per Year

Get Offer
4.5
out of 5 (15 Reviews)
Features
4.4
Ease of Use
4.5
Value for Money
4.3
Customer Support
4.4
Markus Schiefer
Sales Assistant

ProfitBooks helped lower inventory costs and raise customer service levels. The low stock alerts work properly and help avoid the cost of goods not sold.

Read all 15 Reviews

Product Description

This information is provided by vendor.

Elevate your small and midsize companys management capabilities with the cost-effective SAP Business One solution. Seamlessly handle vital areas such as accounting, financials, procurement, inventory management, sales, and customer relationship management (CRM) while benefiting from comprehensive reporting and analytics features. Read More About SAP Business One

SAP Business One Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Customer Relationship Management (crm)
  • Mobility
  • Production Planning
  • User Defined Alerts
  • Sales And Customer Management
  • Real Time Data Access
  • Multi Language Support
  • Multi Currency Support
  • View all Features
4.5
out of 5 (2 Reviews)
Features
4.5
Ease of Use
4.5
Value for Money
4.5
Customer Support
4.5
Fairfax Solution
Digital Marketing

While using Fairfax's solutions, clients experience significant benefits such as streamlined processes, reduced manual workload, improved productivity, faster billing times, enhanced accuracy in operations, centralized data management, quicker order

Read all 2 Reviews

Category Champions | 2025

Product Description

This information is provided by vendor.

TallyPrime is India’s leading inventory management software with GST, accounting, stock, banking, and payroll. TallyPrime is affordable and is one of the most popular business management software, used by nearly 20 lakh businesses worldwide. Read More About TallyPrime

TallyPrime Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Credit Management
  • Budgeting
  • Manufacturing And Bom
  • Payroll Management
  • Gst Compliance
  • Cost Centre And Cost Category
  • Job Costing
  • Tallyvault
  • View all Features

TallyPrime Silver

$ 313

Full License for Single User

Get Offer

TallyPrime Silver Monthly Subscription

$ 10

Monthly License / Single User

Get Offer

TallyPrime Gold Monthly Subscription

$ 31

Full Monthly License for Multi-User (Easy Renewal)

Get Offer
4.7
out of 5 (387 Reviews)
Features
4.6
Ease of Use
4.6
Value for Money
4.6
Customer Support
4.5
Mohammed Arfath
Consultant

TallyPrime is by far the best business companion you can have for the growth of your business. Because for not only recording transactions, but you can track your entire business in one software. The extraction feature helped me alot while auditing. Bank reconciliation feature, inventory management, customisation feature helps alot.

Read all 387 Reviews

TallyPrime Features and Usability-Based User Satisfaction Score

Rating Score 9.4

Rating Score

Out of 10

No. of reviews Score 10.0

No. of reviews Score

Out of 10

Freshness Score 10.0

Freshness Score

Out of 10

Social Score 8.6

Social Score

Out of 10

Monthly website visitor Score 8.0

Monthly website visitor Score

Out of 10

Most Reviewed

Category Champions | 2025

Product Description

This information is provided by vendor.

Vyapar is the simplest GST-ready accounting, invoicing, and inventory management software. Its made completely for business people; you dont have to waste time learning it. Just start managing your business digitally like before, even with no accounting knowledge. Read More About Vyapar

Vyapar Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • User Permissions
  • Sales Management
  • Expense Tracking
  • Gst Billing
  • Order Management
  • Data Security
  • Offline Mode
  • Barcode Scanning
  • View all Features

Silver- Desktop (1 year)

$ 40

Device/Year

Get Offer

Silver- Desktop + Mobile (1 year)

$ 47

Device/Year

Get Offer

Silver- Desktop (3 years)

$ 92

Device/ 3 Years

Get Offer

Silver- Desktop + Mobile (3 year)

$ 106

Device/Year

Get Offer
4.7
out of 5 (123 Reviews)
Features
4.7
Ease of Use
4.7
Value for Money
4.7
Customer Support
4.6
Azad Ahamed PP
Account manager

Vyapar is an excellent tool for small and medium businesses in India. It offers a user-friendly interface and comprehensive features like invoicing, inventory management, and GST compliance, all at an affordable price. The mobile app enhances accessibility, allowing business owners to manage operations on the go. Overall, Vyapar is a reliable and cost-effective solution for streamlining business operations.

Read all 123 Reviews

Vyapar Features and Usability-Based User Satisfaction Score

Rating Score 9.4

Rating Score

Out of 10

No. of reviews Score 10.0

No. of reviews Score

Out of 10

Freshness Score 10.0

Freshness Score

Out of 10

Social Score 8.6

Social Score

Out of 10

Monthly website visitor Score 8.0

Monthly website visitor Score

Out of 10

High Performer | 2025

Product Description

This information is provided by vendor.

Margs fastest and most advanced, GST Ready Accounting Software for SMEs can manage account payables and receivables efficiently. It generates invoices and reports in thousands of formats, auto-reconciles bank transactions with 140 banks, and brings online payment options with ICICI Bank. Read More About MARG ERP 9+ Accounting

MARG ERP 9+ Accounting Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Accounting Management
  • Customer Relationship Management (crm)
  • Post Dated Cheque Management
  • Data Security
  • Payroll Management
  • Gst Billing
  • User Access Control
  • Mobile App Integration
  • View all Features

Basic Edition

$ 113

Full Licence/ Single-User

Get Offer

Silver Edition

$ 175

Full Licence/ Single-User

Get Offer

Gold Edition

$ 350

Full Licence/ Multi-User

Get Offer
4.5
out of 5 (37 Reviews)
Features
4.7
Ease of Use
4.6
Value for Money
4.6
Customer Support
4.7
Shreeram Upadhyay
Account

I suggest other people use this app. It is very good and very easy to work with. Easy statements are ready to use. This software makes searching for any products very easy. It is the best application for all departmental and medical stores. The app is very fast and good. The software is very smooth and easy to work with.

Read all 37 Reviews

MARG ERP 9+ Accounting Features and Usability-Based User Satisfaction Score

Rating Score 9.0

Rating Score

Out of 10

No. of reviews Score 8.0

No. of reviews Score

Out of 10

Freshness Score 7.0

Freshness Score

Out of 10

Social Score 8.3

Social Score

Out of 10

Monthly website visitor Score 8.0

Monthly website visitor Score

Out of 10

#1 Open Source Cloud Web-based ERP

Product Description

This information is provided by vendor.

Openbravo is a 100% web-based ERP that is cloud-ready. It covers a wide range of functionality and primarily sectors like Manufacturing, Distribution, Trading, Retail, and Services. There is a wide range of sub-sectors that are also covered. Read More About Openbravo 3 ERP

Openbravo 3 ERP Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Procurement Management
  • Business Intelligence
  • Alerts And Notifications
  • Reporting And Analytics
  • Human Resources Management
  • Role Based Access Control
  • Workflow Management
  • Multi Language Support
  • View all Features

One Time Payment

$ 8333

One Time

Get Offer
4.0
out of 5 (1 Review)
Features
4.0
Ease of Use
5.0
Value for Money
4.0
Customer Support
4.0

Category Champions | 2025

#1 Cloud Inventory and Stock Management Software for Fast-Growing Businesses

Product Description

This information is provided by vendor.

Oracle NetSuite ERP offers user-friendly tools that simplify inventory management, making it easier to streamline operations and boost efficiency. This intuitive software helps businesses manage their inventory seamlessly, ensuring smoother workflows and improved productivity. Read More About Oracle NetSuite ERP

Oracle NetSuite ERP Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Financial Management
  • Supply Chain Management
  • Project Management
  • Procurement
  • Customer Relationship Management (crm)
  • Payroll Management
  • E Commerce
  • Billing
  • View all Features
4.8
out of 5 (86 Reviews)
Features
4.8
Ease of Use
4.8
Value for Money
4.8
Customer Support
4.8
Devvrat Pandey
Assistant Manager-Accounts & Finance

First of all, what I like the most about this software is that it is easy to use, has a separate interface for each department of the company, and the reports meet all needs. The speed is good, reporting is effective, and tracking data by common reference is easy. It interconnects data from all departments in one place. The accounting interface is very good, making it excellent software for accounts receivable, payable, and taxation. The invoice format is good, and it can be accessed from anywhere. Customer support is very good, with almost all problems resolved within 2 hours. I would give it a 5-star rating overall.

Read all 86 Reviews

Oracle NetSuite ERP Features and Usability-Based User Satisfaction Score

Rating Score 9.6

Rating Score

Out of 10

No. of reviews Score 10.0

No. of reviews Score

Out of 10

Freshness Score 9.5

Freshness Score

Out of 10

Social Score 9.1

Social Score

Out of 10

Monthly website visitor Score 8.0

Monthly website visitor Score

Out of 10

High Performer | 2025

Inventory and Stock Management Software by VRS software

Product Description

This information is provided by vendor.

Tired of outdated inventory management processes? Uni Retail offers a modern, user-friendly solution to streamline your operations. Read More About Uni Retail

Uni Retail Is Tailored For

StartUps

SMBs

Mid-Market

Enterprises

Features

  • Sales Reporting And Analytics
  • Purchase Order Management
  • Employee Management
  • Stock Transfers
  • Gift Card Management
  • Supplier Management
  • Barcode Scanning
  • User Access Control
  • View all Features
4.6
out of 5 (10 Reviews)
Features
4.6
Ease of Use
4.5
Value for Money
4.5
Customer Support
4.6
Aishwarya Tiwari

Uni-Retail is a unique retail software. What makes it unique is its easy-to-use and user-friendly system. It is built for all types of markets, whether small or large. Additionally, it can be used in multiple locations. Uni-Retail is not platform-dependent; it is available for all operating systems such as Windows, Linux, and Macintosh. This software has excellent management features for suppliers and customers purchasing products.

Read all 10 Reviews

Uni Retail Features and Usability-Based User Satisfaction Score

Rating Score 9.2

Rating Score

Out of 10

No. of reviews Score 2.0

No. of reviews Score

Out of 10

Freshness Score 9.5

Freshness Score

Out of 10

Social Score 9.0

Social Score

Out of 10

Monthly website visitor Score 8.0

Monthly website visitor Score

Out of 10

inventory management software guide

Many businesses still maintain their inventory numbers through Excel, which is time-consuming. Though a plethora of inventory software is available in the market today, 46% of Small and Medium-Sized Businesses (SMBs) still track their inventory manually, leading to frequent re-orders and excessive production, substantially impacting a company's finances.

Modern inventory management software is also used in the manufacturing industry to create bills of materials, work orders, and other production-related documents. With good inventory and stock management software, businesses can reduce the efforts and time required for basic tracking of goods and focus on improving efficiencies and analyzing irregularities.

What are the Benefits of Inventory Management Software?

Inventory management plays a crucial role in the success of any business, as it directly impacts operational efficiency, customer satisfaction, and profitability. Some key benefits of the best inventory management software include:

benefits of inventory management software

  1. Reduced Inaccuracies

    Inventory and stock management software contain an array of data handling and management processes that make getting the latest updates much easier. When they are updated manually, there are chances of data duplicity and inaccuracies that can cause a lot of trouble for businesses. Using software reduces the error margin considerably and gives you more accurate data on which to base your decisions.

  2. Efficient Order Management

    Inventory management software automates order management, from order placement to fulfillment. It streamlines workflows, reduces manual errors, and improves order accuracy.

    Businesses can track order status, monitor inventory availability, and generate invoices seamlessly. The software also enables integration with other systems, such as sales and accounting software, creating a more efficient and streamlined order fulfillment process.

  3. Optimal Inventory Levels

    Inventory management software uses advanced forecasting and demand planning software to analyze historical data and predict future demand. By considering factors such as sales trends, seasonal variations, and customer preferences, businesses can determine optimal stock levels for each product. This minimizes excess inventory and prevents stockouts, ensuring that inventory is aligned with customer demand.

  4. Greater Productivity in Operations

    Reports and analytics derived from your stock maintenance software can give you a clearer perception of which items are moving quickly in your business channels and which are not. This helps you make more intelligent business decisions and provides better insights into managing your stocks, especially if you deal with perishable goods.

  5. Customer Satisfaction

    A decent inventory management methodology helps meet client demands quickly and anticipate future demand. Thus, when your clients demand a product again, you have it ready for them. This not only helps in repeat business but also overall customer satisfaction and improved brand image.

  6. Reducing Manual Work

    Manual work is both costly and prone to mistakes. There is usually a lot of data involved, along with complex calculations leading to increased man-hours. Also, one human error can seriously impact the overall calculation. However, with inventory software by your side, you save much time and manual effort for such tasks.

  7. Cost-Effective

    It helps you avoid overstocking and understocking scenarios by offering more accurate reports. Without them, your business can face substantial revenue losses and unnecessary expenditures.

    Using an inventory management system software, you can easily streamline your inventory and eliminate the risk of human mistakes. You can also calculate your safety stock and look at the product sale history to make better purchase decisions. These systems also notify you of low or finished stock in your warehouses, ensuring you never lose a customer.

  8. Data Security

    Using inventory management software also helps you give every user the required access associated with each level of your inventory chain. You can only provide them the access they need to manage or monitor inventory. This ensures that there are no mistakes and that your data is always secure.

  9. Optimize Profits and Reduce Losses

    A well-maintained inventory and stock management software enables you to cut your expenses and maximize profits. Using analytics can significantly bring down costs and keep you updated with demand forecasts. This optimization ensures you make the most of every opportunity and reduce needless expenditures.

What are the Types of Inventory and Stock Management Software?

Managing and controlling an inventory and stock management software involves integrating the organization’s inventory-related tasks, such as purchasing, receiving, shipping, warehouse storage, tracking, turnover, and reordering.

Different Types of Stock and Inventory Management Systems

Today, many inventory software systems empower firms to utilize their resources to maximize productivity. However, all such systems can broadly be divided into the following types:

  1. Periodic Inventory Management System

    Ideal for small organizations, data is entered periodically in this inventory management system software. Data is usually entered either monthly, quarterly, or annually for small amounts of products, and the cost of products sold is tallied. Though useful for small-scale operations, there are several drawbacks to this method, mentioned below:

    • The cost of sold goods must be estimated during periods when the count is unavailable. Thus after the complete count, companies have to make significant adjustments.
    • During periods when the count does not occur, companies are in the dark about the total cost of goods sold, making decision-making difficult.
    • The system doesn't consider obsolete inventory or scrap losses, which requires the firm to make significant adjustments after the count.

    Despite these drawbacks, periodic inventory management is very popular among small and medium-sized firms as it does not require much investment upfront. Firms that do not have a large cycle count to keep their inventory management practices in check can find this system quite handy.

  2. Perpetual Inventory Management System

    As the name suggests, this inventory tool continuously updates its inventory records. This real-time updation helps the organization get the latest data to make better buying, selling, and procurement decisions, optimizing resources. There is also a lot of time and effort saved as no manual checking of stocks is needed.

    However, the perpetual inventory management method requires firms to upgrade their technology and have a robust inventory system to make this method work well. Here are a few constraints that this system has:

    • These systems require frequent updates depending upon the platform deployment. This makes for costlier downtimes while such upgrades take place.
    • This system relies on specialized inventory management software and equipment that adds to business costs.
    • The recorded inventory might not always reflect the actual inventory, leading to discrepancies without regular physical inventory counts.
    • Errors in improperly scanned or stolen goods can influence inventory records, often leading to a mismatch in counting.

    Even with its faults, a perpetual inventory management system can provide great insights to large organizations and help them optimize their storage process. They can reduce and take over several manual processes and offer greater data visibility.

    As tasks get completed, the system gathers the data and metrics and presents them in a dashboard before managers, who can then make key decisions based on the insights received. Inventory management system software can also be classified based on how they identify and demarcate inventory. They are -

  3. Radio Frequency Identification Systems (RFID)

    As the name suggests, this inventory control system has fixed readers that scan items as they move in or go out of warehouses. Data is added automatically into the system. A recent study suggested that using RFID tagging increases the accuracy of the inventory system from 63% to 95%. Thus several organizations make use of this system to ensure greater accuracy.

  4. Barcode Systems

    This system is the most widely used inventory management system, mainly due to its simplicity and cost-effectiveness. When employees use barcoding systems to scan stocks, inventory levels are updated in the system simultaneously.

    Since mobile scanners are primarily used in this process, the process is speedy and allows for prompt reporting and documentation. The probability of errors due to manual entries and stock movement between warehouses was reduced significantly.

What are the Features of Inventory Management Software?

Inventory planning software solutions offer various features and functionalities to help businesses track, monitor, and optimize inventory levels efficiently. Understanding the key features of inventory management software is essential for businesses looking to implement such software and improve their inventory management practices.

features of inventory management software

  1. Inventory Tracking

    Real-time inventory tracking is one of the key components of inventory management software. Businesses may monitor stock levels, follow the stock movement, and see where and how each item in their inventory is doing. This function assists in avoiding stockouts, facilitates effective order fulfillment, and offers precise inventory data for decision-making.

  2. Order Management

    Inventory keeping software includes order management capabilities that allow businesses to seamlessly manage the entire order lifecycle. This includes order processing, fulfillment, invoicing, and tracking. Businesses can track orders, generate invoices, manage backorders, and streamline order fulfillment for improved customer satisfaction and operational efficiency.

  3. Replenishment and Forecasting

    Solutions for inventory management frequently offer forecasting capabilities that project future inventory needs based on historical data, trends, and demand patterns. These tools provide recommended reorder points, quantities, and lead times to help firms optimize their restocking processes. Businesses may avoid stockouts, eliminate surplus inventory, and increase inventory turnover by utilizing forecasting capabilities.

  4. Barcode Scanning and RFID Integration

    Barcode scanning and RFID (Radio Frequency Identification) technology integration are features supported by many inventory system software. These features allow firms to swiftly and precisely record inventory movements, update stock levels, and trace things across the supply chain by scanning barcodes or using RFID tags. This improves operational efficiency, lowers manual errors, and increases inventory accuracy.

  5. Multiple Warehouse Management

    For businesses with multiple warehouses or distribution centers, inventory management programs offer management features across different locations. These features enable businesses to track inventory by warehouse, transfer stock between locations, and optimize stock allocation based on demand and geographical factors.

  6. Serial Number and Batch Tracking

    The best inventory software provides capabilities to track inventory by serial numbers or batch numbers. This is particularly important for industries that deal with serialized or batched products, such as electronics, pharmaceuticals, or food and beverage. It allows businesses to trace specific units or batches, manage recalls if necessary, and ensure compliance with regulatory requirements.

  7. Automatic Inventory Restocking

    The last thing any manufacturer wants is for their main components to run low during production. You can also miss out on customers if your product is out of stock, making customers choose your competitors.

    You can avoid both of the above situations by using inventory management software. Most can set up automated restock requests once the stocks go below a set limit. This helps you to always be a step ahead and ensure that the business keeps running smoothly.

  8. Asset Tracking

    Online inventory management software can also help you keep track of all your assets in different warehouses. Using a barcode, RFID, or other tracking criteria ensures that you never lose track of your inventory and know where they are at any given time.

  9. Product Identification

    Another key feature provided is the easy and quick identification of products. Usually done using RFIDs or barcode scanning, these are an effective way to identify products coming in and out inexpensively.

  10. Service Management

    Beneficial for service-oriented organizations, this best stock management software can also help track the cost of all materials used to provide a particular service, helping you create more comprehensive bills of materials and estimate the total service cost.

Factors to Consider While Selecting the Right Inventory Software

Selecting the right inventory software is critical for businesses aiming to streamline their inventory processes, improve accuracy, and enhance operational efficiency. With numerous options available in the market, it is essential to consider several key factors to ensure the chosen software aligns with your business needs and goals.

how to choose inventory management software

  1. Scalability

    Consider the scalability of the best stock maintenance software. Assess whether the software can handle your current inventory volume and accommodate future growth. Ensure the software can support additional products, warehouses, and users without compromising performance. Scalability is crucial to avoid the need for frequent software upgrades or migrations as your business expands.

  2. Ease of Use

    Choose inventory management software that is intuitive and user-friendly. The software should have a clear and well-designed interface that simplifies navigation and reduces the learning curve for your employees. Look for features such as customizable dashboards, drag-and-drop functionality, and intuitive workflows that enhance usability and productivity.

  3. Integration Capabilities

    Evaluate the integration capabilities of the software with other critical systems in your business, such as accounting software, e-commerce platforms, and point-of-sale (POS) software. Seamless integration eliminates manual data entry, ensures data consistency across systems, and enhances operational efficiency. Verify if the software offers pre-built integrations or APIs to facilitate smooth data exchange.

  4. Mobile Accessibility

    In today's mobile-driven world, consider whether inventory management software offers mobile accessibility. Mobile apps or responsive web interfaces enable remote access to inventory data, allowing employees to manage inventory, process orders, and perform stock checks from anywhere. Mobile accessibility enhances flexibility, efficiency, and real-time decision-making.

  5. Reporting and Analytics

    Assess the reporting and analytics capabilities of the inventory and accounting software. Look for features that allow you to generate customizable reports on key inventory metrics, such as stock levels, turnover rates, and demand patterns. Advanced analytics functionalities, such as inventory forecasting and predictive analysis, can provide valuable insights for strategic decision-making and inventory optimization.

  6. Support and Training

    Evaluate the level of support and training provided by the software vendor. Determine if they offer comprehensive onboarding, training resources, and ongoing technical support to help you maximize the benefits of the software. Consider the availability of user manuals, video tutorials, and a knowledgeable support team that can assist with any technical issues or questions.

  7. Cost

    Consider the cost of the inventory management software, including upfront fees, licensing costs, ongoing maintenance, and support fees. Compare the pricing models of different software solutions, such as one-time purchase, subscription-based, or pay-per-user. Evaluate the stock inventory management software's value about its cost, considering factors such as time savings, improved accuracy, and increased operational efficiency.

  8. Security and Data Protection

    Security is crucial when selecting inventory planning software. Ensure the software employs robust security measures to protect your sensitive inventory data from unauthorized access or breaches. Verify if the inventory management tool offers data encryption, user access controls, and regular backups to ensure the safety and integrity of your inventory information.

  9. Vendor Reputation and Reliability

    Consider the reputation and reliability of the software vendor. Research customer reviews, testimonials, and case studies to gauge customer satisfaction and the vendor's track record. Look for a vendor with a proven history of delivering reliable software solutions and providing excellent customer support.

How to Implement Inventory Management Software?

Implementing inventory management software is crucial for businesses seeking to streamline their inventory processes, improve operational efficiency, and optimize inventory control. A well-planned implementation ensures a smooth transition to the new software, minimizes disruptions, and maximizes the benefits of the inventory management solution.

How to Implement Inventory Management Software?

To successfully implement software for inventory management, businesses should follow a structured approach encompassing several key steps.

Step 1- Define Your Objectives and Requirements

Start by clearly defining your objectives for implementing inventory management software. Identify the specific pain points and challenges you aim to address, such as inventory inaccuracies, stockouts, or manual processes. Determine the key features and functionalities you require from the top inventory management software to meet your business needs effectively.

Step 2- Conduct a Thorough Evaluation

Research and evaluate different inventory management programs available in the market. Consider scalability, ease of use, integration capabilities, support and training options, and cost. Narrow down your options and select a software solution that aligns closely with your requirements and business goals.

Step 3- Plan the Implementation Process

Develop a detailed implementation plan that outlines the steps, timeline, and responsibilities involved in the implementation process. Identify key stakeholders and assign roles and responsibilities to ensure effective collaboration and accountability. Consider potential risks or challenges and develop strategies to mitigate them.

Step 4- Data Preparation and Migration

Before implementing the inventory management software, ensure your inventory data is accurate and up-to-date. Cleanse and organize your data, removing any duplicates or outdated information. Map your existing data fields to the corresponding fields in the software to facilitate a smooth data migration process.

Step 5- Customization and Configuration

Work with the software provider to customize and configure the stock inventory software to suit your business needs. Set up essential parameters, such as stock locations, units of measure, pricing rules, and order workflows. Tailor the software to match your inventory processes and workflows as closely as possible.

Step 6- Training and User Adoption

Provide comprehensive training to your employees to ensure they understand how to use inventory management software effectively. Train users on core functionalities, data entry processes, reporting capabilities, and specific features relevant to their roles. Encourage user adoption by demonstrating the benefits of the inventory management tools and addressing any concerns or resistance.

Step 7- Test and Refine

Conduct thorough testing of the inventory management software before going live. Test various scenarios, such as order processing, inventory adjustments, and reporting, to ensure the stock inventory management software functions correctly and meets your requirements. Gather feedback from users and refine the configuration or workflows as necessary.

Step 8- Gradual Implementation or Pilot Phase

Consider gradually implementing the software for inventory management or conducting a pilot phase before rolling it out across the entire organization. This allows you to identify potential issues or areas for improvement on a smaller scale, address them, and refine the implementation before full-scale deployment.

Step 9- Monitor and Evaluate

Once the software is implemented, continuously monitor its performance and effectiveness. Track key metrics, such as inventory accuracy, order fulfillment rates, and inventory turnover, to assess the impact of the software on your operations. Make adjustments as needed and leverage the reporting and analytics capabilities of the software to gain insights and drive continuous improvement.

Latest Trends in Inventory Management Software

Software to maintain stock is constantly evolving, driven by technological advancements and changing business needs. Here are some of the latest trends in inventory management:

trends in inventory management software

  1. Predictive Analytics

    Predictive analytics software is used to analyze historical data, identify patterns, and forecast demand more accurately. By leveraging predictive analytics, businesses can optimize inventory levels, minimize stockouts, and make proactive inventory management decisions.

  2. Sustainability and Green Initiatives

    There is an increasing emphasis on sustainability and environmentally-friendly practices in inventory management. Incorporates features to track and manage sustainability-related metrics, such as carbon footprint, waste reduction, and ethical sourcing.

  3. Blockchain Technology

    Blockchain technology is being explored to enhance transparency, traceability, and security in supply chain and inventory management. Blockchain can provide a secure and immutable record of transactions, ensuring trust and reducing the risk of counterfeit or fraudulent activities.

  4. Vendor-Managed Inventory (VMI)

    Vendor-managed inventory (VMI) is gaining traction as a collaborative inventory management approach. VMI allows suppliers to monitor and manage inventory levels at customer locations, ensuring timely replenishment and reducing stockouts. Artificial Intelligence (AI) and Machine Learning (ML).

    AI and ML technologies are increasingly being integrated into inventory management software. These technologies help businesses forecast demand, optimize inventory levels, automate replenishment processes, and improve overall supply chain efficiency.

  5. Real-Time Inventory Visibility

    Real-time inventory tracking and visibility have become essential in modern inventory management. With the rise of e-commerce and omnichannel retailing, businesses require accurate and up-to-date information on inventory levels across multiple locations and sales channels.

  6. Cloud-Based Solutions

    Cloud-based inventory management software continues to gain popularity due to its flexibility, scalability, and accessibility. Cloud solutions enable businesses to access inventory data from anywhere, facilitate team collaboration, and offer seamless updates and integrations.

  7. Internet of Things (IoT) Integration

    IoT devices are being utilized to monitor inventory in real time, automate data collection, and improve inventory accuracy. IoT sensors and connected devices enable businesses to track inventory movements, monitor storage conditions, and optimize warehouse operations.

Conclusion

Yes, many inventory management software programs allow for labeling and barcode scanning. Inventory planning software frequently includes a barcode scanning capability that helps firms speed up data entry, increase accuracy, and boost productivity. Users can scan barcodes on things, places, or documents using the program, which often interfaces with barcode scanners or mobile devices with barcode scanning capabilities.

Businesses may rapidly and accurately manage warehouse operations, take stock, receive goods, pick things for orders, and track inventory movements using barcode scanning. It decreases the time needed for inventory-related operations and gets rid of human data entry errors. Businesses can create and print custom barcodes for items using inventory management software's barcode labeling tools, offering distinctive identifiers that can be scanned throughout the supply chain.

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FAQs

How much does inventory software cost?

The cost of inventory software can vary significantly depending on factors such as the features and functionality offered, the size of the business, the number of users, and whether it is a cloud-based or on-premises solution. Generally, inventory software is available in different ranges from $100 per month to $3000* per month. Organizations can also opt for a one-time licensing fee payment.

How does inventory management software track and organize information?

What details will inventory management software carry regarding? Inventory management software keeps track of inventory, stock levels, manages orders, and streamlines other related processes. It stores information about each item in the stock, such as item names, descriptions, SKU numbers, and other identifying data.

The software to maintain stock tracks the quantity of each item in stock, providing real-time visibility into stock levels. It also records each item's sales and purchase history, including dates, quantities, prices, and customer or supplier information.

Does stock management software support barcode scanning and labeling?

Yes, a lot of inventory and stock management software programs allow for labeling and barcode scanning. It frequently includes a barcode scanning capability that helps firms speed up data entry, increase accuracy, and boost productivity.

How long does it take to implement inventory management software?

The implementation time for inventory management software can vary depending on several factors, including the complexity of the software, the size of the business and the readiness of data and resources. Generally, the implementation process can take anywhere from a few weeks to several months.

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Last Updated: February 25, 2025