Warehouse Management System for Small Business is an essential part of running a successful business. The reality is that it is impossible for business owners to manually control inventory, especially in large organizations with thousands of products and a high volume of daily transactions. To effectively manage inventory, finding the right complementary inventory management software is essential for any business.
What is inventory management software?
Inventory management software is a cloud-based solution that helps business owners control inventory levels, orders, product sales and returns.
People are familiar with the term "inventory management", which can be interpreted as keeping track of what you have. However, inventory management software is more complex, in-depth and multi-level. Inventory management software aims to track Warehouse Management System for Small Business through the process of buying, selling or using it, find it in different warehouses, and calculate your inventory (usually in different currencies) so you know how much inventory you have for accounting purposes.
Why is inventory management software important for your business?
Inventory management software can not only streamline inventory tracking and organization, but also save you money on hardware costs. Companies can use it to address issues such as low stock levels or disruptions, and to better manage orders, sales and deliveries.
In addition, in today's age of technological innovation, an omni-channel approach to marketing is increasingly important. Without inventory management software, companies cannot track their inventory and sales across channels.
Top 5 best inventory management software for businesses
After reviewing and reading all the reviews, we can recommend these 5 best inventory management software for your consideration.
LightSpeed Retail
LightSpeed Retail is a cloud-based inventory management application that meets the needs of both online and offline retailers. It also comes with industry-specific features and in-store sales functionality. Its key inventory management features include.
Automation of large price changes and discounts
Track stock levels and SKUs across locations.
Allow coupons, promotions, giveaways and employee discounts.
Real-time updates to e-commerce and in-store inventory.
Configure reorder policies for customers
Calculate the cost of goods sold
Compatible with bundled products
Import catalogue files from suppliers
Create and send purchase orders
Magestore
Magestore is one of Magento's inventory management solutions. It is a complete and essentially functional inventory control system. It helps retailers to increase sales and reduce inventory costs. It also offers a number of useful inventory management tools, including.
Simplifying multi-channel sales
Maintain accurate inventory
Saves inspection time through stock transfer
Improve stock visibility with barcodes.
Organise your purchases.
Provide employees with a variety of access options.
Provide real-time inventory information
Zoho Inventory
Zoho Inventory is an online inventory management software available in free and paid versions. Zoho Inventory is the greatest free option for small businesses, allowing you to add products, fill orders, and view inventory on any device. Its main inventory management features can be listed below.
Automatically check and order new products when they are out of stock.
Notify buyers of their orders in real-time
Handle dropshipping and bundled products.
Real-time synchronisation of stock across all channels
Comes with customer relationship management (CRM) software.
Ability to accept back orders for out of stock products.
Availability of stock, customer and sales reports
Available for barcode scanners
NetSuite
NetSuite is an all-in-one business management solution that can help you with inventory, finance and marketing. NetSuite is useful for businesses of all sizes and types. It offers a number of excellent features that can be of great benefit to businesses.
Multilingual support
Revenue recording
Built-in business intelligence
Retail inventory management
Global support
Forecasting
Production identification
Multi-warehouse support
Integrated POS
Order management
Supply chain management
Megaventory
Megaventory helps you keep track of stocking Clothing Store Inventory Software, ordering and fulfillment, as well as packaging or assembly processes. It's easy to deploy, making it ideal for small and medium-sized industrial companies. Here are some of the typical features that make it a first-class inventory management software.
Fulfillment and distribution centers are often part of a complex and critical network of logistics sites that circular products throughout the United States and all across the globe Read more...
