Best Material Management Software and System

Best material management software is Vyapar, LeeHost, and TallyPrime. These material management systems streamline the functionalities related to inventory and warehouse management.

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List of 20 Best Material Management Software

Showing 1 - 20 of 37 products

Category Champions | 2024

Powerful business processing software for MSMEs

Product Description

This information is provided by vendor.

Busy Accounting Software is a robust construction material management software that is used by several industries, including FMCG, Retail, Manufacturing, Distribution. It offers a comprehensive set of features at a low bill of materials software.   Read Busy Accounting Reviews

Category Champions | 2024

POS system for seamless reporting and analysis

Product Description

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Torqus POS is a material management software that helps you improve your front-end business operations. It primarily offers Point of Sale (POS) supply chain management features that enable hospitality and restaurant businesses to improve performance.    Read Torqus POS Reviews

Emergents | 2024

ERP solution for inventory and manufacturing businesses

Product Description

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Astral Inventory Management System is a construction material management software that provides end-to-end solutions to improve your warehousing and dispatching performance. This materials software provides CRM, Inventory Management, Supply Chain Management, Warehouse Management, and more.    Read Astral Inventory Management System Reviews

Emergents | 2024

Powerful asset management system for all industries

Product Description

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EAMbrace Inventory Management is a material management software that caters asset management needs of all industries. It offers Asset Accounting, Asset Lifecycle Management, Disposal Management, Depreciation Management, Document Management, Inventory Tracking, Barcoding, and Audit Trail. Read EAMbrace Inventory Management Reviews

Contenders | 2024

Easy to deploy software for operational efficiency

Product Description

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Microgenn Hotelier HMS is a simple, easy to use and deploy building materials software that helps you improve the productivity and efficiency of your business, courtesy: powerful features of this manufacturing bill of materials software.   Read Microgenn HotelierHMS Reviews

Emergents | 2024

Clinic and patient management for healthcare practices

Product Description

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Medico SG (Samples & Gifts) is a material management software for healthcare provides like physicians, dentists, and surgeons. It offers features like EMR / EHR, Multi-Office, E-Prescribing, Patient Billing, Patient Records, Patient Scheduling, and Patient Portal. Read Medico SG (Samples & Gifts) Reviews

High Performer | 2024

GST Billing software with Inventory & Accounts

Product Description

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Simple Billing software with complete inventory and accounts modules. It's fast, reliable and easy to maintain. Ideal for businesses that have a large number of invoices and deals in 100's of SKU's. Typically used by distributors, retailers and small manufacturers. Read Horizon ERP Reviews

Contenders | 2024

Cloud-based solution for effortless financial management

Product Description

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Zenscale is a building materials software that is an excellent pick for SMEs that are trying to reduce the bill of materials software. It provides Self-Service Portal, Vacation/Leave Tracking, Tax Compliance, Payroll Reporting, etc.   Read Zenscale Reviews

Contenders | 2024

Simple time tracking system for improving performance

Product Description

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Tick Software is a material management software that allows you to keep track of your budgets and run profitable projects. This software provides features like Mobile Time Tracking, Billable & Non-Billable Hours, and Employee Database.   Read Tick Software Reviews

Emergents | 2024

Management information system for all business types

Product Description

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ClarityERP is a building materials software that helps you reduce the bill of materials software. It offers powerful job shop and manufacturing solutions, including Capacity Management, Accounting Integration, Quality Control, Quality Management, and Shipping Management.   Learn more about ClarityERP

Emergents | 2024

CRM|Loyalty|Material Management|OrderOnline|Report

Product Description

This information is provided by vendor.

Torqus brings to you its online ordering site and apps module which has been created to jump start your restaurant or F&B outlets. The module allows you to setup your own online food ordering site in a few simple steps. Learn more about Torqus Online Ordering

Category Champions | 2024

Invoicing and inventory solution for small businesses

Product Description

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Vyapar is the simplest GST ready Accounting & Invoicing and material management software. It's made completely for a businessman, you don't have to waste time learning it. Just start managing your business digitally like before even with no Accounting knowledge.   Read Vyapar Reviews

Most Reviewed

Emergents | 2024

Restaurant SCM|Recipes|Stocks|Procurement|Reports

Product Description

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A comprehensive Point of Sale (Torqus POS) & Inventory Management Software (Torqus SCM) for QSRs, Food Chains, Casual/ Fine Dine Restaurants, Bars, Pubs, Lounges, Night Clubs, Pizza Chains, Cloud Kitchen/ Night Kitchen/ Delivery Kitchen, Bakery, Cake Shops, Cafes etc. Read Torqus SCM (Inventory Management) Reviews

ERP solution for medium and large businesses

Product Description

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Compiere is a material management software that serves the distributions and service industries primarily. It provides features like Distribution Management, Purchase Order Management, Warehouse Management, Project Management, Inventory Management, CRM, Reporting/Analytics, and Financial Management. Learn more about Compiere

Emergents | 2024

Technical and quality assistance software for manufacturers

Product Description

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DNAam is a high-grade materials software that helps you simplify technical and operational tasks. It helps you manage AM build planning, along with providing superior power, control, and traceability over system compliance and processes. Learn more about DNAam

Contenders | 2024

Enterprise resource planning for all industries

Product Description

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FactsERP is a construction material management software that helps trading, hospitality, and other companies reduce the manufacturing bill of materials software. It offers CRM, Order Management, HRM, Reporting/Analytics, Warehouse Management, SCM, and Financial Management. Read FactsERP Reviews

Emergents | 2024

Product Description

This information is provided by vendor.

Restaurant Activity Tracker Real-time Analytics Tableside Ordering Daily Reports Customer Content Bar Exchange Inventory Check. Add a happy face to your customer base every hour only with Mink Foodie POS. Learn more about Mink Foodiee - Restaurant

Emergents | 2024

A Digital Receptionist with a Personality

Product Description

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Ara is a modern, paperless, secure and interactive Visitor Management System that interacts with your visitors from the front desk with an interactive UI and adds personality to your Reception. Other Benefits include - Employee Insights, Visitor Verification & more. Learn more about ARA - Interactive Visitor Management

Emergents | 2024

Business management software for apparel companies

Product Description

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Intellocut is an ordering material management software that is powered by artificial intelligence and other cutting edge features. It provides powerful apparel business management features like Materials Management, Order Management, Production Management, and Purchasing.   Learn more about FastReactFabric

Emergents | 2024

Advanced ERP solution to streamline business functions

Product Description

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Focus MRP is a powerful ERP system that helps you cut down the bill of materials software. Some of its key features include Asset Accounting, Audit Trail, Disposal Management, Inventory Tracking, Depreciation Management, and Barcoding. Learn more about Focus MRP

What is Material Management?

Material management software is a system that helps you track, maintain, and distribute reports regarding material movement and associated activities.
Many firms plan and produce finished goods from raw materials. The supply chain design and execution is a crucial step in this process. The department of material management deals with the planning and procurement of the materials (inventory, work-in-progress, finished goods, scrap, returned goods). The best firms organize this activity and rely on the best sources.

The raw supplies have to be procured and handled with care. They also have to be stored, packaged, and transported on time. This process requires organizational skills and control mechanisms. Modern firms depend on material management software to coordinate these activities.

The managers have to ensure uninterrupted supplies for manufacturing efficiency. The output of one department is the raw material for another. Thus, material management should be crucial throughout the value chain. Whether they use the software or not, inventory control is the basis for sustainable growth. Besides, store locator management and material handling should also be competent.         

The managers also recruit, train, and place a capable workforce. This vital function in the supply chain can make or break a product. The materials software improves supply chain efficiency, communications, and coordination. 

For example, construction material management software is very beneficial to streamline operations, increase revenues, and accelerate project tasks.         

Inventory or material management software is a versatile product. It tracks and manages the materials in the supply chain. Today, with the collaboration of automation processes, one can work towards reducing wastage and improving productivity by using the best material management package. The machines, tools, and materials in the warehouses and factory sites will come under the monitoring process of this software.       

All the company's assets will be tracked and organized. The materials software also helps in the efficient distribution of these resources. The supply chain software become more streamlined and secure. Various industries and trades manage their inventory using these effective, automated tools.      

A bill of materials is vital for assembly-line manufacturers. Irrespective of the industry, various parts are purchased and listed. The raw materials get quantified, numbered, stored, and supplied by a team, in the manual process. A bill of materials software automates these tasks during various manufacturing stages.

Automating the bill of materials(BOMs) speeds up production and reduces errors and accidents. A top-rated raw material management software produces efficient BOMs. They can define the materials during the design, sales, development, and maintenance phases. 

The software is also useful in cost determination, planning, assembling, and product sales. The automated processes enhance the quality of supply chain management. Enterprises that aspire for superior products rely on the software for management. They extract peak performance from the manufacturing processes without comprising the structure or composition of their products. 

Types of material management software

Material management software can be categorized based on the industry. Its applications are broad in construction, manufacturing, oil and gas, mechanical works, and public utility services. Construction material management software is divided based on periodic and perpetual management. 

Smaller firms rely on periodic management. This strategy requires constant adjustments, and it leads to material and scrap losses. Whereas, the continuous maintenance of stock records is technologically-intensive and more efficient. Other common variants of this software are;

  • The material resource planning software manages manufacturing processes. You can plan the production and deliver as per your schedules. You can manage or automate the purchases for efficient inventory.

  • The bill of materials software assists engineers and manufacturers. It also helps supply chain managers using data analysis and real-time inputs. This software enhances the quality of collaboration.

  • The raw material management software offers some of the best software for smart inventory management with the help of high-quality metrics. Stock safety and levels are ensured through accurate calculations.

  • The material inventory software tracks both direct and indirect materials. If stocktaking takes too long, you can reconfigure it for perpetual inventory workflows. It facilitates just-in-time manufacturing to lower costs.

  • The building materials software is a business management tool, which helps the suppliers increase their profits and capacity without increasing overhead. The software integrates various processes like distribution, manufacturing, warehousing, and point of sales.

Benefits of having a material management software

  1. The material management system software is efficient and more productive.

  2. It ensures ease of operations by enhancing coordination and communications.

  3. The material tracking software significantly lowers inventory costs.

  4. You can maximize your sales and profits by using automated processes.

  5. The building materials software integrates well with other business activities.

  6. Storage, delivery, and accounting become more reliable and organized.

  7. The material inventory software automates routine and manual tasks. 

  8. Saves time and energy and also eliminates the human error incidence.

  9. The project gets completed on time due to the material planning software. This sustained efficiency increases customer satisfaction, reduces returns, and overflow of materials. 

Points to keep in mind while purchasing material management software

The best construction material management software is feature-rich. It will track the materials and quickly locate them on time. You can maintain healthy inventories and restock without any losses. To accrue these benefits, purchase the best software using these criteria;   

  1. Choose a comprehensive ERP solution if you have a large organization. For small and medium businesses, there are other inexpensive software tools.

  2. Check the material management system software for compatibility. It should ideally be available both as an offline system and an online service.           

  3. Cloud-based solutions have their pros and cons. Look deeply into these advantages and disadvantages before you choose.

  4. An efficient material management system has a barcode assistant. This feature is usually available with premium and enterprise-level software.  

  5. The material tracking software should forecast inventory levels. It also sends out timely alerts to highlight inventory fluctuations.

  6. The first-grade software will have advanced reporting tools. You should also be able to carry out sophisticated data analytics.

  7. Manufacturers would benefit from material tracking features. They will help to track the components as well as finished products.

  8. Reliable material management tools will have an accounting plugin. It also facilitates inventory syncing capabilities for multiple devices.

  9. The high-end products should facilitate software integration. There should be additional modules for sales, customer relationship management, HR, Financing, and Distribution.

  10. The ability to monitor machine and worker activities is a bonus. An automated reordering process is also a desirable feature in the software.

The industry of Material Management Software

The material management system software industry grows every year. In the year 2017, the prediction for the market was at over US $ 2 billion. The compounded annual growth rate(CAGR) prediction from 2018 to 2024 was at 6%. This accelerated growth augurs well for both the sellers and the customers.

The new trends in the material management system also show an increase in software adoption for smartphones and mobile devices.  

The changing nature and scope of e-commerce is also a significant factor. The software developers are releasing more innovative material management tools. The retail product designs focus on enhanced UI/UX. The software is also getting integrated with social media, offline, and online stores. 

The smaller firms gain immense benefits from the latest software development. The bill of materials software for small businesses reduces their losses. It helps in better stock management and maintenance of quality supplies. 

Technology mitigates product wastage, losses, and process inefficiencies. A switch to a simple bill of materials software can benefit a small firm. Calculation errors and human mistakes will get eliminated. Whereas, signature features like barcode tracking are utilized across the supply chain by larger firms. 

The industry also focuses on delivering improved and more capable software. The regional demands have factored in to increase the sales of such software. Small and medium enterprises are also the target audiences in this cut-throat competitive market.

The manufacturing bill of materials software has also gained a lot of traction. New developments like IoT, Industry 4.0, cloud services, and Big Data are also helpful. The software developers analyze the growth of the manufacturing sector to release more sophisticated software tools.

FAQs

The software supports the purchase, consumption, and control of materials.

Yes, there is a simple and light-load interface for many material management software to use on a tablet, laptop, or smartphone.

No, comprehensive tools exist to manage multiple stores and locations from one application.

You can choose from HCSS, PlanGrid, Procore, Revit, Navisworks, BuildingConnected, etc.

Yes, the choices include MRPeasy, Fulcrum, PolyPM, Epicor, abas ERP, Cetec, etc.

Yes, you can find numerous cloud-based material management software. FlowTrac and Sortly Pro are two good examples of cloud-based solutions.

You can select from a free (trial), single-user, professional team, and company-wide plans. The name and scope of the plans vary with each service provider.

You can manage the bill of materials, inventory, orders, quality, quotes, and supply chain.

Monthly charges range between $25 to $55, while premium enterprise prices are higher.

You can plan, purchase, and estimate the raw materials to organize your manufacturing process with the software.

Nikunj Dudhat
By Nikunj Dudhat | Last Updated: January 02, 2024