Best Inventory Management software

Probilz star star star star star_border 4 (1)

Software BY Vanuston Intelligence Pvt. Ltd.
PROBILZ - Retail Management System (RMS) is a complete solution for retail businesses. It comes with total inventory control management, quick and easy billing and smart purchasing all integrated with accounts. Easy to use and intuitive interface, PROBILZ comes with all the necessary features needed for the operations of a retail management environment.
import_contacts
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Maccy Account star star star star star 5 (1)

Maccy Account & Inventory Software
The big difference between Maccy and other accounting software is that all of the features in Maccy are there as a direct result of requests from our customers.
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

LiteRetail star star star star star_border 4 (1)

Cloud and Mobile based retail ERP
Cloud based web POS is the latest trend in point of sale software application. This trend is gaining popularity very quickly. The system can be accessed directly from the Internet and is often compatible with most POS hardware (cash drawers, printers, etc.)
import_contacts
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Inventoria star star star star star_border 4 (1)

Software BY NCH software
Inventoria is a best online inventory management system. With inventoria you’ll be streamlining your inventory system processes within minutes. Stock & Inventory tracker software helps in tracking and stock control, ordering and general.
smartphone
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Alpha-e GSoft POS star star star star star_border 4 (1)

Software BY Alpha e-Barcode Solutions Pvt.Ltd.
Alpha-E GSoft-POS (Retail) is complete Retail Software solution for Garment, Cloth Store, Footwear, Departmental Store & Chain Store, the best selling software with unmatched modular solution with powerful tools.
smartphone
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Autowin star star star star star 5 (1)

Software BY AGN Software Consultant
AUTOWIN  deals with all the requirements of the Automobile Dealer Organization like Vehicle Sales, Workshop Activities, Spare Parts Inventory and Financial Accounting. 
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

MocDoc HIMS star star star star star 5 (1)

Complete End to End System for Managing Hospitals
MocDoc HMS digitises all transactions, documents, medical records  in Hospitals and Clinics eliminating paper work altogether and provides an online platform that connects General Public with Doctors providing real time, authentic information relevant to their need.
smartphone import_contacts
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Zoho Inventory Management star star star star star_border 4 (1)

Software BY Zoho Corporation Pvt. Ltd.
Zoho Inventory is a marvelous product and has helped us get immediately organized with our inventory needs. Zoho gives beautifully smart software to help you grow your business. It has powerful inventory control and order management points It can increase sales and fulfill orders efficiently.
smartphone
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

UnocomTech CRM star star star star star 5 (1)

Hybrid CRM
Its a Hybrid CRM with features like,Lead Management, Telecalling, Quotations, Invoicing, Advance Booking, Complaint Management, Task Scheduling, AMC, Standby, Rejection Management, Contacts, Products, Inventory, Basic Accounting, IVR, Promotions, Utilities, Location Tracking System.
import_contacts
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

HDPOS For Apparel, Garment and Footwear star star star star star_border 4 (1)

Billing, Inventory and Accounts management
HDPOS smart is a feature rich, easy to use Point of Sale billing and inventory management software that is available to you at a very low cost. Customize your sales Invoice, barcode sticker printing, custom reports, Drill down reports.
import_contacts
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

eLiteERP star star star star star_border 4 (1)

Software BY ZipBooks Software Solutions Pvt. Ltd.
eLiteERP is our generic ERP software solution for small and medium sized enterprises that want to boost business productivity in a small budget. Cost effective solution which can enable small companies to quickly move away from current manual processes to a fully integrated business solution.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

GoFrugal Cloud POS star star star star star 5 (1)

Online POS solution - retail & restaurant business
GoFrugal cloud pos software is a next-generation online saas solution for retail & restaurant business to operate under a single and multi-location for all your stores. With the revolution of the internet, traditional retail applications are no more in vogue, web-based hosted pos retail management solutions.
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

GoFrugal Apparel & Footwear Software star star star star star 5 (1)

Software BY GoFrugal Technologies
Apparel, Textile, Clothing, Garment POS systems One-stop solution loaded with intelligent features such as unique barcoding, quick stock taking with PDA. 
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Veeqo star star star star star 5 (1)

Software BY Veeqo
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.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

PALMS star_border star_border star_border star_border star_border

Software BY Technoforte Software Pvt. Ltd.
PALMS™ is a Warehouse management system with an advnaced location management with configurable racks and locations leading to optimal warehouse space utilization and faster ROI. Improved Utilization & Tracking of Man Hours through live monitoring dashboards.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)


What is Inventory Management Software?

The fundamental Function of stock & inventory management is to allow organizations to track, store, sort and organize their stock levels. inventory software Facilitates the logistical management of stock and items and can enhance processes related to ordering, transportation, storing, assembly, dispatching and delivery.

Also called a inventory control system, it could be utilized across commercial enterprises from production to sales by manufacturers, wholesalers and retailers. Characteristics of these products consider more effective recording and maintenance of stock levels, quality control, sorting by distinctive item types, tracking the last shipment of products and organizing recurring requests.

Inventory Management Software can help organizations to avoid problems, for example, over-ordering and over stockpiling expenses. They can help to ensure raw materials are constantly in inventory software, monitor how much time a product stay at different areas, and follow product transportation.

Inventory management system are gainful to organizations who deal with huge amounts of items, allowing them to focus their efforts on enhancing and analyzing different regions of the business. It is so helpful for small entrepreneurs and retailers who need a clearer review and more control over their product flow.

Features of Inventory Management Software

Inventory management software helps a lot in streamlining the operations and goes beyond in house inventories. Nowadays, they help you to track whether the products have reached your customers and even give you an idea of what items are selling more than the other. Here is a rundown on the essential features seen in inventory system:

  1. Ease of use: Inventory software free is easy to install and is configured well on your operating system. With step by step instructions the software gets installed in jiffy.
  2. Compatibility: Most inventory control system is compatible to the Windows operating system which most of the companies use. This makes it the most preferred software for commercial as well as non-commercial small and medium based businesses.
  3. Data Storage: The software keeps storing the data over a period of time. This means that you just have to keep adding the essential items in the list without worrying about losing the previous data
  4. Ease of Access: The best part about the inventory software is the accessibility. Your employees also can use the software without any interference
  5. Customization: Inventory software solutions allow you to create prints of the data and even customize these prints according to your needs. Multiple prints of the same data in different manner are also possible.
  6. Excel is now outdated: Excel doesn’t help in tracking the inventory since it has to be created manually. This makes the software a good choice that allows automation of the entire inventory process.
  7. Integration: Certain accounting software is integrated with the inventory software free. This helps the businesses to enable their financial and inventory process smoothly administered.
  8. Mobile Accessibility: Certain free inventory software system is available on the mobile too. They are made on responsive design platform. This means that these software are designed to be used on PCs, Tablets and Mobiles
  9. Security: Inventory management system for small business comes in different users’ accessibility. As a business head you can assign roles as to how much access your employees or team members have to the inventory data. This compartmentalizes the editing or inputs of each of the employee in accordance to their work.

Online OR Offline Inventory Software

Many of our customers gets confused whether to opt for online or offline free inventory software.  With that in mind, here are few points that will help you in taking the right decision to manage your inventory effectively.

Managing Inventory online:

  1. Company’s inventory can be managed online from anywhere if you have laptop with internet connection.
  2. No need to upgrade or install the software. It is done remotely using servers that saves both time as well as expense.
  3. Allow access to multiple accounts to manage inventory at same time.
  4. Ensures Data security on servers that features firewalls & security programs.

Managing Inventory Offline:

  1. Most offline inventory management software cost extremely high. The hardware costs could add an expense over it which is just a one time cost solely.
  2. Limited to single user at a time.
  3. You Inventory data might lost if computer crashes.

The Role of Inventory Management Software in your business

You need to have products available to meet your customers’ demands and also not overstock or under stock any particular product. So, instead of relying on your memory, your inventory management software and stock software helps you in making better judgments.

Benefits:

  1. Efficiency: Inventory management system gives you the complete picture of all your products without the tedious process of counting each of them. Also, you get the accurate account of all the products at different locations without going there personally.
  2. Money Saver: You can keep a track of all your products and inventory control system software helps you by giving details about products that are hardly sold thereby enabling you to choose products to be discounted. Products that are sold most of the time are restocked quickly to maintain the demand.
  3. Customer Satisfaction: Right from the time the product is stocked till it reaches the customer, each stage is entered in the inventory management. This particular benefit is clearly seen in online retail sales where the customers are even updated on the tracking code of products ordered.
  4. Add-ons: The free inventory software gives the most accurate status of the products stocked. Some also give their price list and more advanced ones even generate individual barcodes of each of the products. This makes the entire inventory process smooth going.
  5. Future: Every business poised for growth entails expansion in the inventory list; making the inventories more complex than before. In spite of this change, inventory system can still work very well for your small business.

Drawbacks:

  1. Seamless coordination between the suppliers and retailers is a must, information has to be updated and sound technology has to be in place. This might not be possible at all locations
  2. If the new information is not updated or there are too many products then there could be problems of making any useful decisions regarding products

Market Trends in Inventory Management Software:

  1. Integrating multiple channels – Software manufacturers are building multi-channel environment for customers to track progress of their orders real time. With the rising popularity of Omni channel, it becomes more important than ever to optimize product inventory, its availability and timely fulfillment.
  2. Integrating big data analytics with the inventory management software – Big data will be used to improve inventory planning and management. This optimizes the inventory and helps in space management. Organizations can now store products based on the sales forecast and customer demand trends. Data analytics eliminates the guesswork and provides real time insights to make more informed decisions.
  3. Mobile trends continue to grow – Customers, vendor partners and businesses opt for inventory management software that can be operated via tablets and smartphones. This helps them access information and operate functions on the go. Road blocks and intermissions can be observed real time and solved quickly. Software will have to be accompanied by integrated experiences for their own teams and end customers, leading to improved efficiency in operations.
  4. The demand for cybersecurity is rising – With increased demand and connectivity of inventory management software, the latest trend of 2016 is to detect threats and its mitigations. With the advancement of technology, cloud and social media on multiple devices, variables such as systems, data, personal information and money processed via payment gateways has to be safeguarded. Developers are using self-protecting applications, encryption and behavior analytics to enhance security. Increased cybersecurity awareness means the customers now want to know the plans being adopted to protect their confidential data.
  5. Adoption of cloud technology continues – Business are shifting their systems to cloud. Applications that needed manual operation are now being moved to cloud to solve the challenge of infrastructure and the need for labor. Cloud computing results in subscription based models that are more preferred, businesses pay for features as per their requirement. Especially in the domain of warehouse management and inventory management, cloud technology increases efficiency and results in cost saving.
  6. Multichannel integration will become widespread – Since organizations are adopting big data analytics, it is becoming essential to integrate multiple software into a single database. In the coming time, software systems will have to create a single point of access for transferring information. Such a system will store data from multiple sources and present it in an easily consumable manner.  Multichannel integration has given rise to Platform as a Service (Paas) where the user can deal with multiple services on a single platform. This year developers will have to understand how to collaborate all these together.
  7. Increased demand for business intelligence – Business intelligence helps the vendors in better management of their inventory and products in their supply chain. Consumers are increasingly demanding advanced analytics to empower their decision making process. Business analytics is used by consumers, analysts and organizations and is presented in an easily consumable visuals.
  8. Simplifying complexities – A trend creating ripples in the inventory management software is to break down complex issues into easily understandable packets. It is a challenge to come up with creative solutions. Instead of long manuals and user guides, software manufactures are breaking down this information into videos, quick guides, podcasts and visual content. It is easily understandable and the consumer doesn’t need to dig the entire user manuals for a specific information.

Global Events Related Inventory Management:

  1. WERC Conference 2016
    May 15th – 18th, 2016, Rhode Island – Organized by the Warehousing Education and Research Council. The WERC conference features solutions and has education sessions in warehouse and logistics. Activities such as product launches, networking sessions, brainstorming and seminars on the latest technology, products and instruments are undertaken.
  2. The International Federation of Warehousing Logistics Associations Annual Convention
    Data and Location unannounced - The International Federation of Warehousing Logistics Association’s Annual Convention (IFWLA) has been held in Chicago, Illinois, and Liverpool, United Kingdom, in the past. While the date and location for IFWLA 2016 have yet to be released, it is a successful and popular warehouse and logistics event that attracts more than 150 national and international delegates.

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