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Effective management of your inventory will enhance your sales and give tough competition to your competitors. If you are unaware of the worth of your inventory, you will have difficulty selling it. Thankfully, there are several inventory management operating systems for both small and medium-sized companies to help with this tedious task. Below are the top inventory management software options that can ensure a boost in your sales.

 ABC Inventory

ABC inventory is regarded as a subset of the Almyta Controlling System. It is a free package that allows you to effectively manage your warehouse, warranties, serial numbers, etc. The free version of ABC inventory is designed to be run on one personal computer because numerous workstations are not able to synchronize the same data simultaneously.

ABC is specifically designed for smaller businesses that do not need the attractive additional features like bigger companies do. 

 Delivrd

Delivrd is a type of inventory management that is free, cloud-based, and designed for order fulfillment solutions. This software was launched at the end of 2016 and presently has made a grip in the market. It is used for online retails, small selling, small and large e-commerce enterprises, etc. It secures all details of the order fulfillment and gives you hassle-free service from picking and packing to shipping.

If an individual is using Shopify or any other e-commerce software, Delivrd can integrate with it, which results in an easy experience. Delivrd is also useful for managing financial reporting and barcoding.

 inFlow

inFlow is another essential inventory management software which is based on the desktop. It helps small and medium-sized companies manage their customer orders, reorder stocks, generate invoices and bills, and make customized reports. The software is particularly suited for desktop users.

inFlow helps a number of businesses and industries in many ways, i.e. wholesaling, manufacturing, health management, etc. It is estimated that as many as 750,000 users take advantage of managing their businesses with this inventory management software. inFlow offers customers a free option for the first 100 products. It comes in both a free package and a credit package with no expiration date and can be used perpetually. There are some default features included in this software including barcoding, methods of accounting, automatic data backup facility, and others. When a business uses the free version of inFlow, it will automatically be upgraded to the payment version, which will cost around $399. It has more advanced features and enables the customer to manage their orders in a better way. When purchasing the software, you will get free support for one year.

 Odoo

Odoo is a double entry inventory management software that allows you to fully trace the supply and demand management of the company. It is a fast operating system designed for modern inventory management. It enables you to get your work done with less effort. It can easily manage single or multiple warehouses by activating its features. By using barcode scanning, you can scan products and track orders no matter where you are.

Odoo is specifically designed for Enterprise Resource Planning, but with the feature of add-on in software, it can be used both for small and large businesses. You may take advantage of your warehouse system including a point of sales system by using the inventory management software. Because it is an ERP software, sales and purchases will flow into inventory and accounting. Large businesses can enjoy full features of the software by purchasing its credit version.

 RightControl Lite

Rightcontrol Lite is a universal inventory management software designed for the sales management of small and medium-sized businesses. It will enable you to synchronize your inventory and sales tracking at one time. If you are willing to have a long-term inventory management solution, you can utilize Rightcontrol Lite features which also include better warehouse management, better shipping tools, extra functionalities with no cost, and generation of in-depth reports. It can also control your bookkeeping entries to sustain the progress of your product. Customers can set reminders whenever they feel that their stocks are getting low as well as print labels and integrate with a barcode system. If you need to expand your products and want more users to purchase your products, you can upgrade this inventory software from the Solo to Pro version by purchasing it, which will give you more features for effective inventory management.

 Conclusion

All of the above systems are used to manage small and medium-sized businesses and fulfill their respective inventory requirements. You can see your company grow once you take advantage of the above inventory software options. They have maintained a strong position in the market and have the capability to move your business up.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Woman using a barcode reader in a distribution warehouse
Inventory management systems help keep tabs on merchandise and inventory through the full supply chain a business operates in. Inventory management systems cover it all; from manufacturing to retail, storehouse to shipping, and everything that lies in between.

Basically, it all comes down to the business overlooking its operations, therefore, allowing them to establish better investments and decisions. Various inventory managers give attention to diverse areas pertaining to the supply chain. Usually, small businesses are more concerned with the ordering and retailing side of the chain.

What Features of an Inventory Management System do I Need?

Are you facing problems handling your inventory? If so, it is time to consider an inventory management system so that you can manage your inventory processes in your control.

Now, the problem arises. With all of the options that are available nowadays, how do you find out which is the right solution for your business? What features should you be considering?

An inventory management system selected to look after your inventory might offer the features for your business requirements depending on your budget and needs. Generally, all of these management systems are most likely to include:

  1. Barcoding
  2. Inventory alerts
  3. Tie-ins or accounting tools
  4. Reporting tools
  5. Inventory forecasting

Top Features in an Inventory Management System

Barcoding and Scanning

Although the amount of daily orders being received can be exciting, it could result in problems if you are not in a position to achieve and accomplish those orders competently. Retailers who are in the position to process a high volume of orders, wish to restructure and simplify their procedures all the more by applying barcoding and scanning on the pickup, package, and shipping stages.

Simple Inventory Control

Though it sounds simple, it is on the top of the list for most demanded features in an inventory management system. With the help of this feature, you are able to conduct a systematic way of handling and controlling your inventory throughout your sales channels.

Demand Estimation and Forecasting

This feature is all about helping you prepare for what should be ordered so that your resources are spent wisely. If you have the proper required tools, it will be a lot easier for you to learn which commodities are the ones selling and which networks are the ones performing.

With access to such features, you can get right down to the details of your sales. This is a great way to provide you with all indispensable information that will help you maintain accurate inventory levels. In the end, you will be able to make much better and wiser decisions on how much and what to buy.

Tracking Specific Stock Items (aka Lot)

Retailers who are in the business of selling Food and Drug Administration-regulated products have a deep understanding of the significance of detecting lots or specific stock items. In the case where a commodity is recalled due to a specific reason, tracking down the specific stock items will help you know which items are available on the shelves or in stock.

In addition, you can also keep tabs on which of your consumers have received their product and which ones are about to receive them.

Accounting Incorporation

Although an accounting system will not perform the work related to a specialized order, it is important to manage a successful business. With a direct integration in your accounting bundle, an inventory management system will be of value to you and your business. This will also help you in your bookkeeping requirements.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.