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
Category Champions | 2024
Powerful business processing software for MSMEs
An integrated bussing accounting and management solution, BUSY is a one-stop solution for your financial and payroll needs. It offers multi-location inventory, multi-currency support, order processing capabilities, and helps you make informed decisions. Moreover, it is best suited for the FMCG, retail, manufacturing, trading, and distribution businesses. Read Busy Accounting Reviews
Explore various Busy Accounting features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Pricing
Basic version
$ 100
Per Year
Standard version
$ 188
Per Year
Enterprise version
$ 275
Per Year
Busy Accounting Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Category Champions | 2024
POS system for seamless reporting and analysis
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 POS Reviews
Explore various Torqus POS features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Torqus POS Features- Notification via SMS and Email
- Online Payment
- Food Costing
- Sales Analysis
- Table Management
- Customer DataBase
- Purchasing
- Kitchen Management
Pricing
Standard
$ 208
Per Year
Torqus POS Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
High Performer | 2024
ERP solution for inventory and manufacturing businesses
Astral Inventory Management System manages multiple location branches from single Location, Build Using Latest technology for flexible working and compatible with Tablets, smartphones, Desktop and Laptop. It gives complete control over Purchase, Stock and Sales of goods as well as provides exact status at any given point of time. Read Astral Inventory Management System Reviews
Explore various Astral Inventory Management System features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Order Processing
- Supplier and Purchase Order Management
- Multi Company
- Real Time Reporting
- Cash Management
- Warehouse Management
- Profit & Loss Statement
- Barcode Scanning
Astral Inventory Management System Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Powerful asset management system for all industries
Online inventory/material management solution for small businesses to large enterprises. Part of EAMbrace suite of enterprise applications like Asset Management, Procurement Management, Computerized Maintenance Management and Compliance Management. Read EAMbrace Inventory Management Reviews
Explore various EAMbrace Inventory Management features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Multi Currency
- Inventory Tracking
- Reorder Management
- Barcode Scanning
- Multi-Location
- Accounting Integration
- Cost Tracking
- Inventory control
Pricing
Enterprise
$ 4167
Per Year
EAMbrace Inventory Management Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Easy to deploy software for operational efficiency
Microgenn Hotelier HMS is a true turnkey solution in that it quickly deployed, rapidly implemented and ready to usable. This way, the transition to the software does not interrupt operations. Read Microgenn HotelierHMS Reviews
Explore various Microgenn HotelierHMS features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Point of Sale (POS)
- Catering Management
- 24/7 Support
- Email and SMS Alerts
- Database backup/restore (Management)
- Inventory Management
- Food and Beverage Costing
- Central Reservation System
Microgenn HotelierHMS Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Clinic and patient management for healthcare practices
Excel specializes in Sales and distribution, logistics planning, secondary sales, product management, Sample and Gifts distribution and allied modules for the pharmaceutical industry. We have over 18 years of experience in Pharmaceutical enterprise software systems. Read Medico SG (Samples & Gifts) Reviews
Explore various Medico SG (Samples & Gifts) features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Medico SG (Samples & Gifts) Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
High Performer | 2024
GST Billing software with Inventory & Accounts
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
Explore various Horizon ERP features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Horizon ERP Features- Inventory Optimization
- Invoicing
- Print Or Email Invoices
- Profit & Loss Statement
- User Management
- Multi Company
- Multiuser Login & Role-based access control
- Taxation Management
Pricing
SINGLE PC License
$ 192
One Time
THREE PC License
$ 384
One Time
EIGHT PC License
$ 746
One Time
Horizon ERP Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Cloud-based solution for effortless financial management
Zenscale provides cloud-based, fully modular and cost-effective payroll, financial accounting, production planning and material management software solutions to SMEs. Zenscale offers the next level cloud-based business solutions that automate the time-consuming business processes furthermore increase the productivity. Read Zenscale Reviews
Explore various Zenscale features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Zenscale Features- Custom Pricing Models
- PF/ESIS Calculation
- Purchase Management
- Accounting
- Inventory control
- General Ledger
- Employee Self Service Management
- Financial Accounting
Pricing
Basic Plan
$ 10
Per Month (Starting)
Zenscale Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Simple time tracking system for improving performance
TICK, an exclusive Production ERP is India’s first pre developed plug n play production ERP with tally integration, It has been specially designed for those MSMEs which uses accounting software like Tally, Busy etc and needs to care their manufacturing related operations. Read Tick Software Reviews
Explore various Tick Software features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Tick Software Features- Issue Management
- Contact Management
- Sales Orders
- Inventory control
- Sales History
- Production Management
- Schedule Distribution
- Item Management
Pricing
Tick Software : Basic edition
$ 486
One Time
Tick Software : Enterprise edition
$ 2083
One Time
Tick Software : Standard edition
$ 1389
One Time
Tick Software Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Management information system for all business types
Datascan Information systems is a Pune, India based integrated software solutions provider specializing in the field of customized Enterprise Resource Planning (ERP) software for small to medium scale manufacturing (SMEs) and trading companies. Learn more about ClarityERP
Explore various ClarityERP features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all ClarityERP Features- ERP
- Payroll
- Accounting
- Enterprise Asset Management
- Billing & Invoicing
- Material Management
ClarityERP Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
CRM|Loyalty|Material Management|OrderOnline|Report
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
Explore various Torqus Online Ordering features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Loyalty Management
- Expense Management
- Supplier and Purchase Order Management
- Bill of materials (BoM)
- Mobile App
- Order entry (OE)
- Discount Management
- CRM
Pricing
Basic
$ 28
Month/Outlet
Standard
$ 69
Month/Outlet
Torqus Online Ordering Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Category Champions | 2024
Invoicing and inventory solution for small businesses
Vyapar is a GST-compatible invoicing and accounting solution for small businesses. You can use it to create GST bills, fulfill orders, generate GSTR reports, track payments/expenses, and manage your inventory. Besides, you can use it to customize invoices and collect payments online. Read Vyapar Reviews
Explore various Vyapar features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Vyapar Features- Inventory Management & Consumption Tracking
- Mobile Support
- Sales Orders
- For Retail
- Account Management
- Purchase Order Management
- Online invoicing
- Wholesaler Management
Pricing
Silver- Desktop (1 year)
$ 40
Device/Year
Silver- Desktop + Mobile (1 year)
$ 47
Device/Year
Silver- Desktop (3 years)
$ 92
Device/ 3 Years
Vyapar Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Restaurant SCM|Recipes|Stocks|Procurement|Reports
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
Explore various Torqus SCM (Inventory Management) features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- CRM & Sales Dashboards
- Accounting
- Return Management
- Shipping Management
- Data Imports/Exports
- Supply Chain Collaboration
- Dashboard
- Real Time Analytics
Pricing
Torqus SCM
$ 25
Month/Outlet
Torqus SCM (Inventory Management) Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
ERP solution for medium and large businesses
The Materials Management element of the Compiere open source ERP business solutions software addresses a broad range of concern around your element inventory: products, inventory receipts, price lists, movements, shipments, and counts within a company, its system, as well as to and from suppliers and client. Learn more about Compiere
Explore various Compiere features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Compiere Features- Quality Control
- Compliance Management
- Product configurator
- Supplier Management
- Bill of materials (BoM)
- Process Manufacturing
- Resource Management
- Document Management
Compiere Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Technical and quality assistance software for manufacturers
DNAam is a holistic solution for Additive Manufacturers, to simplify technical and quality system compliance and improve AM plant utilization. Available as an integrated module or turnkey solution, it manages AM build planning and provides complete powder traceability, Learn more about DNAam
Explore various DNAam features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
DNAam Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Enterprise resource planning for all industries
FactsERP is an on-premise enterprise resource planning (ERP) solution suitable for large and midsize organizations. FactsERP features part-number inquiries, sale tracking, order registration and integrations with supplier portals. Read FactsERP Reviews
Explore various FactsERP features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all FactsERP Features- Purchase Management
- Business intelligence (BI)
- Manufacturing
- CRM
- Multi-carrier shipping integration
- Sales Management
- Bank Reconciliation
- Business process modeling (BPM)
FactsERP Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Experience Food like Never Before
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
Explore various Mink Foodiee - Restaurant features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Stock Management
- Online Ordering
- POS invoicing
- Waiting Time Tracking
- Food Costing
- Menu Management
- Cash Management
- Point of Sale (POS)
Pricing
Starting Price
$ 347
One time
Mink Foodiee - Restaurant Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
A Digital Receptionist with a Personality
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
Explore various ARA - Interactive Visitor Management features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Alerts Notifications
- Digital Signage
- ID Tags
- Watch List
- Office Directory
- Pre-Registration
- Self-Registration
- Visitor Tracking
Pricing
Standard Plan
$ 35
Per Month
ARA - Interactive Visitor Management Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Business management software for apparel companies
FastReactFabric reduce your wastage, maximize fabric utilization and cut more garments with the same fabric. You can ship these extra garments to your buyers to gain more revenue. Learn more about FastReactFabric
Explore various FastReactFabric features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all FastReactFabric Features- Production Management
- Supplier Management
- Materials Management
- Product Management
- Order Management
FastReactFabric Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Advanced ERP solution to streamline business functions
Focus MRP is an advanced ERP solution for manufacturing units/plants, which enables establishments to gain end-to-end traceability of entire plant operations. It streamlines core business functions to optimize manufacturing production scheduling and master the complexities. Learn more about Focus MRP
Explore various Focus MRP features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Focus MRP Features- Batch Records
- Disposal Management
- Lease Information
- Inventory control
- File Sharing
- Customer DataBase
- Dispatch Management
- Quality Management
Pricing
Pricng
$ 45
Per Month
Focus MRP Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
What is Material Management?
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;
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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.
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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.
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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.
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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.
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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
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The material management system software is efficient and more productive.
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It ensures ease of operations by enhancing coordination and communications.
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The material tracking software significantly lowers inventory costs.
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You can maximize your sales and profits by using automated processes.
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The building materials software integrates well with other business activities.
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Storage, delivery, and accounting become more reliable and organized.
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The material inventory software automates routine and manual tasks.
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Saves time and energy and also eliminates the human error incidence.
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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;
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Choose a comprehensive ERP solution if you have a large organization. For small and medium businesses, there are other inexpensive software tools.
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Check the material management system software for compatibility. It should ideally be available both as an offline system and an online service.
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Cloud-based solutions have their pros and cons. Look deeply into these advantages and disadvantages before you choose.
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An efficient material management system has a barcode assistant. This feature is usually available with premium and enterprise-level software.
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The material tracking software should forecast inventory levels. It also sends out timely alerts to highlight inventory fluctuations.
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The first-grade software will have advanced reporting tools. You should also be able to carry out sophisticated data analytics.
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Manufacturers would benefit from material tracking features. They will help to track the components as well as finished products.
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Reliable material management tools will have an accounting plugin. It also facilitates inventory syncing capabilities for multiple devices.
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The high-end products should facilitate software integration. There should be additional modules for sales, customer relationship management, HR, Financing, and Distribution.
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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.