From buying goods to selling to customers, we have to maintain the record of every single item, thus Inventory management software is very important for a business.
At any point we import tickets and tickets to the distribution center, we need to update the records every time. Because we have to track data like a lot not. , Serial Number. Cost, quantity, production, expiry date and shipment. In ancient times companies were tracking everything manually which was very labor intensive. Therefore, we fully automate the system through bar codes and the inventory management framework.
the stock organization suggests getting the right sum, spot, time and at the best expense. We need to consider various types of stock that a firm may hold. Stock organization fuses orchestrating, assembling, dealing with and taking care of an agreeable level of stock with cutting edge cost to fulfil customers need.
Now here we will know about types of Inventory management software.
Types Of Inventory Management Software
By the Technique
- JIT Inventory Management Software
- ABC Analysis Inventory Management Software Technique
By the Frequency of Use
- Drop-Shipping Inventory Management Software Technique
- Cross Docking Inventory Management Software Technique
- Bulk Shipment Inventory Management Software Technique
By the Technology
- Periodic Inventory Management Software Frequency
- Pre-Petula Inventory Management Software Frequency
- Bar-Code Inventory Management Software Technology
By the Industry
- RFID Technology
- Warehouse Inventory
- Retail Inventory
There are hundreds of platforms and software available, we should choose the solution that fits best for our business type.
Best Inventory Management Software
So now let’s see the types and details of the best open-source inventory management software:
Ordoro is outstanding amongst another stock programming for online business sites. For the most part, an individual can’t deal with list activity and business channels on the double. However, with Ordoro, you can deal with multichannel selling. You can coordinate the entirety of your internet business record like Amazon,eBay, Etc into one spot.
Ordoro also offers a shipping management solution for mid-size retailers. They use barcode scanning to reduce errors. You can assign vendors to particular goods. If a customer orders some item Ordoro can automatically send the item to the assigned vendor, thus you won’t get the load.
Ordoro also supports a non-traditional reserve management plan possible. You can show your, potential buyers, that only limited stock is left so that they complete their purchase.
inFlow offers the best free stock managing system. on the market. Or you can also get more features with its paid plans. It is good for someone on a budget.
inFlow has many automatic. collect tracking features. It is powerful software and very easy to use. There are no big contracts, just pay monthly or annually.
This system has some more benefits like you can pick/pack/ship orders from any device. It also generates and scans bar codes to speed up the work.
3. Profit Books
ProfitBooks is a platform for startups that manufacture their own products and sell online on e-commerce websites like Amazon, Shopify etc. Its the easiest and free list operation software. Since it has a super simple UI it can be done by anyone without any training.
It even has support for multiple warehouses and multiple currencies. But it has a con too. It doesn’t have the support for serial number tracking.
4. Cin7 : Best ERP Solution
The ERP i.e. Enterprise resource planning platforms feature modules for every aspect of your business
Cin7 thinks outside the box by offering work in modules that come standard with your arrangement. Cin7 offers fully integrated POS systems . It has e commerce features and a payment mode too.Cin7 also has barcode scanning and inventory tracking.
It supports dynamic inventory system that stays up to date.
Zoho Inventory has a lot to bring to the table. For beginners, Zoho has a free plan that allows accepting backorders on out of stock items. This platform gives small business a chance to manage their inventory.
6. Fishbowl Manufacturing
Fishbowl Manufacturing as the name suggests is best for manufacturing businesses. This software allows creating multi-level BOMs so that you can track inventory costs per item. Its features also help you to track your manufacturing jobs If you have simple or even complex manufacturing needs. It has powerful MRP featuresFishbowl Manufacturing is a great solution for you.
One of the cons of Fishbowl is it’s only available on desktops and laptops. To get barcode scanning you need to pay extra.
7. Fishbowl Warehouse
Fishbowl Warehouse (FBW) has advanced inventory management features. It allows managing multiple warehouses at one time. It can also set up auto reorder points to prevent an out of the stock situation. Order creation can be automated here by using EDI, CRM, and eCommerce integrations.
As we have listed the best Inventory mangement software,you can choose the one according to your requirements.