23 Best Inventory Management Software Reviewed For 2024

KORONA POS is a comprehensive point-of-sale system designed to streamline operations for various types of businesses, including retail stores, ticketing services, and cafes. It offers a cloud-based solution that integrates sales, inventory, and customer management into a single, easy-to-use platform.

Why I picked KORONA POS: I like its advanced multi-location inventory management features. It allows businesses to effortlessly track stock levels, transfer inventory between locations, and generate detailed reports on inventory performance. The system’s real-time data synchronization ensures that inventory information is always up-to-date, minimizing the risk of stockouts or overstock situations. 

KORONA POS Standout Features and Integrations:

Standout features include detailed sales analytics and reporting tools, enabling businesses to identify trends and make data-driven decisions, and customer relationship management (CRM) functionalities, such as tracking customer purchase histories and managing loyalty programs.

Integrations include QuickBooks, WooCommerce, Shopify, Magento, BigCommerce, Mailchimp, and various payment processors such as PayPal, Stripe, Worldpay, Authorize.Net, and CardConnect.

Cin7 Core is an inventory management tool that caters to businesses managing high volumes of sales orders across multiple channels. It provides a suite of features including accounting integrations, warehouse management, and point-of-sale systems, which support businesses in effectively managing large quantities of transactions and inventory.

Why I picked Cin7 Core: As an inventory management software, it offers extensive features that cater to the needs of businesses looking for robust inventory management, accounting integration, and detailed reporting and forecasting.

Its most advanced plan has the ability to handle up to 120,000 orders per year. The software also offers features such as real-time tracking, automated replenishment, and ecommerce integration, making it easier to understand your stock levels and keep up with demand.

Cin7 Core Standout Features and Integrations:

Standout features include cost tracking, order consolidation, automated notifications and reports, and mailing lists. It also offers barcode scanning and track transfers between locations and warehouses for better inventory management.

Integrations include Shopify, Amazon, WooCommerce, BigCommerce, Magento, Etsy, eBay, Walmart, Quickbooks, Xero, and more.

Acumatica Cloud ERP is a comprehensive business management system designed to cater to the needs of various industries and roles through a wide array of modules and solutions. The inventory management software is part of its larger ERP system and includes tools for warehouse management, order management, and point-of-sale capabilities.

Why I picked Acumatica Cloud ERP: This tool stands out due to its comprehensive inventory management features, which include real-time updates, replenishment, location management, matrix items, physical inventory, pricing, discounts, promotions, customer and vendor items, packaging, and shipments.

Furthermore, Acumatica Cloud ERP facilitates cross-module workflows with its integrated system. Information can flow between various business functions without the need for manual intervention or data re-entry. This integration encompasses modules such as sales, purchasing, accounting, and customer management, ensuring data consistency.

Acumatica Cloud ERP Standout Features and Integrations:

Standout features include barcode scanning, lot and serial number tracking, expiration date management, financial management, project accounting, CRM, payroll, reporting, and warehouse management.

Integrations include Velixo, Celigo, BigCommerce, Heuristyc, Transcard, DataSelf Corp, 1Retail, Amazon, Shopify, ShipEngine, ADP, EazyStock, and more.

Helcim is a payment processing tool designed to support small businesses by offering secure card processing without additional fees. It emphasizes transparency and affordability, providing a suite of services such as in-person and online payment acceptance, virtual terminal, invoicing, and subscription management, catering to businesses aiming to reduce credit card processing costs.

I chose Helcim for CFO inventory management software due to its commitment to low processing rates and its transparent approach, which is particularly beneficial for managing financial operations. What makes Helcim different is its Interchange Plus pricing model and Level 2/3 Commercial Optimization, which are designed to reduce processing costs for businesses. I believe Helcim is the best tool for secure, no-fee card processing because it not only offers affordable payment solutions and transparent pricing but also includes a secure card vault and robust third-party integrations, ensuring both cost-efficiency and security in financial transactions.

I also like that Helcim's POS software integrates with inventory management tools, allowing retailers to track stock levels, manage product information, and generate sales reports. Additionally, the system offers customer management features that enable retailers to store customer information and purchase history, which can be used for marketing and loyalty programs. 

Integrations include QuickBooks, Xero, WooCommerce, Shopify, Foxy.io, and Great Exposure.

MRPeasy is a leading cloud-based ERP software solution specifically designed for small and mid-sized manufacturing and distribution companies. With a focus on simplicity and accessibility, it offers a comprehensive suite of tools to streamline operations, including inventory management, production planning, procurement, CRM, and sales management.

MRPeasy stands out for its user-friendly interface, affordable pricing, and the ability to integrate seamlessly with a wide range of third-party tools, making it an ideal choice for businesses looking to optimize their manufacturing processes and improve overall efficiency without the complexity and high costs associated with traditional ERP systems.

MRPeasy excels in providing small to mid-sized manufacturing and distribution businesses with a highly intuitive and efficient cloud-based ERP software solution. Its strengths lie in seamlessly integrating critical business processes such as inventory management, production scheduling, CRM, procurement, and sales management into a single platform. This integration enables companies to gain real-time visibility into their operations, enhance decision-making, and improve productivity and customer satisfaction.

With its focus on ease of use, affordability, and flexibility, MRPeasy empowers businesses to streamline their operations, reduce manual efforts, and focus on growth without the need for extensive IT resources or infrastructure.

MRPeasy offers a unique feature that allows factory floor workers to report their progress in real-time directly through the system. This capability not only ensures accurate and up-to-the-minute tracking of manufacturing operations but also significantly enhances the ability to quickly respond to production issues, setting MRPeasy apart from competitors by prioritizing direct worker input and operational transparency.

MRPeasy integrates natively with a variety of essential business tools, including QuickBooks, Xero, Shopify, Magento, WooCommerce, Zapier, Salesforce, Mailchimp, Google Drive, and Slack. 

Many of the inventory management solutions on this list offer free trials, but Zoho has a truly free plan that includes two users and 50 orders per month. For a small business, this is an accessible path to inventory and order management with an intuitive interface.

Why I picked Zoho Inventory: Best known for its customer relationship management (CRM) system, Zoho now offers a full suite of accounting, commerce, and customer service tools. If you already use other Zoho products, Zoho Inventory is an easy way to track the goods you use Zoho to sell.

Zoho Inventory Standout Features and Integrations:

Standout features include a centralized real-time inventory count that's linked to all major e-commerce channels, and the ability to create product variants for different colors or styles—ideal for clothing retailers.

The item kitting functionality allows sellers to bundle popular items and I found the fulfillment workflow straightforward.

Integrations include Zoho Commerce, Shopify, UPS, USPS, FedEx, Amazon, eBay, Etsy, Mailchimp, Hubspot, and Salesforce.

Infoplus is a cloud-based inventory management software for e-commerce and logistics providers. It serves as your hub for inventory, order management, and fulfillment. With customization scripts, warehouses and 3rd party logistics (3PL) providers can build their unique workflows.

Why I picked Infoplus: While there are many options for retailers and e-commerce sellers, I wanted to highlight Infoplus because of its strong warehouse management features. Software capabilities related to shipping and receiving management, picking, and automated routing are crucial for third-party logistics companies that many retailers rely on.

Infoplus Standout Features and Integrations:

Standout features include inventory lost control with ID tags and allocation rules. Infoplus has automatic quality control workflows, such as weight verification and barcode scanning, to minimize human error. I love that it provides granular control over each stage of the fulfillment process, which allowed me to mold Infoplus to specific use cases.

Integrations include PayPal, Shopify, Quickbooks, Squarespace, ShipStation, WooCommerce, Adobe Commerce, BigCommerce, Authorize.net, and Braintree.

Flowtrac is an inventory management software that also allows you to track assets and works-in-process. The cloud-based solution can be accessed across desktops, smartphones, and barcode scanners, but you can also choose Flowtrac as an on-premise system. Some of the system's top industries are government, construction, and the nonprofit sector.

Why I picked Flowtrac: Among all the inventory management systems I reviewed, Flowtrac has the best mobile app and mobile experience. Businesses can save time and money when teams aren’t limited to desktops.

Flowtrac Standout Features and Integrations:

Standout features include flexible barcode scanning functionality for fixed assets and inventory, but Flowtrac also supports RFID tagging and doorway readers. I noticed that the inventory and order logs can display changes by date, time, and user. Warehouse managers can generate labels for bins, shelves, and aisles to expedite picking.

Integrations include Quickbooks, ShipStation, Shopify, Salesforce, Xero, FedEx, UPS, and WooCommerce. You can add to Flowtrac’s 100+ integrations with the REST API.

inFlow is an inventory management system that helps businesses monitor and balance products in stock, orders, and replenishment.

Why I picked inFlow: It compiles financial reporting data from the company’s purchasing, raw materials, work in process, and finished goods to improve its accuracy and accessibility.

By centralizing your inventory and purchasing data, inFlow makes it easy to track product costs and eliminate hurdles in the fulfillment process.

Plus, inFlow definitely scores some points for its low setup fees and flexible contract options. It has an attractive and intuitive user interface too.

inFlow Standout Features and Integrations:

Standout features include the ability to view which specific items are on backorder, which have been reserved, and the latest goods received—so you can manage your inventory and cash flow more effectively.

I found the label designer and barcode generator easy to use, allowing you to receive products and pick quickly and accurately.

Integrations include WooCommerce, BigCommerce, Wish, eBay, Amazon, Quickbooks, Shopify, Squarespace, Xero, Zapier, and Salesforce.

Lightspeed Retail’s multi-location inventory system automatically syncs with e-commerce channels and data from in-store point-of-sale (POS) systems.

Why I picked Lightspeed Retail: While other solutions on this list can be used for brick-and-mortar retail inventory, Lightspeed Retail’s included POS system works for managing inventories of companies with both virtual and physical storefronts.

With your POS and inventory systems connected, your employees will have better visibility into what’s in stock.

Lightspeed Retail Standout Features and Integrations:

Standout features include the ability to sell both online and in person, and to have data from both incorporated into inventory counts and sales forecasts. I’m a big fan of the reporting features because you can create inventory reports for high-spending customers and promptly identify low stock levels.

Lightspeed also allows you to track inventory items across multiple stores or warehouse locations.

Integrations include Mailchimp, Quickbooks, Shipday, Shopify, Xero, WooCommerce, Perkville, and Homebase.