Best Inventory Management Software Reviews & Comparisons

Best Inventory Management Software Reviews & Comparisons

25 Most Popular Inventory Management Software

Here is a list of all 25 Inventory Management Software solutions evaluated with our CloudRank™ analysis. We have compared their features, user satisfaction, market presence and other key factors in an in-depth analysis you can find below:

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Worst features

Bundles, Kits, and Variants

%

Data Exporting/Importing

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Worst features

Inventory Level Dashboards

%

Bundles, Kits, and Variants

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Inventory Level Dashboards

%

Worst features

Bundles, Kits, and Variants

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Inventory Level Dashboards

%

Worst features

Bundles, Kits, and Variants

%

5. ServiceNow Cloud Management

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Worst features

Bundles, Kits, and Variants

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Inventory Level Dashboards

%

Worst features

Bundles, Kits, and Variants

%

Data Exporting/Importing

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Bundles, Kits, and Variants

%

Data Exporting/Importing

%

Worst features

Centralized Inventory Database

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Bundles, Kits, and Variants

%

Worst features

Data Exporting/Importing

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Data Exporting/Importing

%

Centralized Inventory Database

%

Worst features

Bundles, Kits, and Variants

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Worst features

Inventory Level Dashboards

%

Bundles, Kits, and Variants

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Worst features

Bundles, Kits, and Variants

%

Data Exporting/Importing

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Bundles, Kits, and Variants

%

Worst features

Data Exporting/Importing

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Inventory Level Dashboards

%

Data Exporting/Importing

%

Worst features

Bundles, Kits, and Variants

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Bundles, Kits, and Variants

%

Worst features

Centralized Inventory Database

%

Data Exporting/Importing

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Worst features

Bundles, Kits, and Variants

%

Data Exporting/Importing

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Worst features

Inventory Level Dashboards

%

Bundles, Kits, and Variants

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Inventory Level Dashboards

%

Worst features

Bundles, Kits, and Variants

%

18. JDA Warehouse Management

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Worst features

Inventory Level Dashboards

%

Bundles, Kits, and Variants

%

Data Exporting/Importing

%

19. ShopKeep by Lightspeed

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Inventory Level Dashboards

%

Bundles, Kits, and Variants

%

Worst features

Data Exporting/Importing

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Bundles, Kits, and Variants

%

Worst features

Data Exporting/Importing

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Worst features

Bundles, Kits, and Variants

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Worst features

Bundles, Kits, and Variants

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Worst features

Inventory Level Dashboards

%

Bundles, Kits, and Variants

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Worst features

Bundles, Kits, and Variants

%

Inventory Level Dashboards

%

Our score and features analysis:

Customers company size

No. of employees:

1-10 11-50 51-100 100+

Best features

Centralized Inventory Database

%

Data Exporting/Importing

%

Worst features

Bundles, Kits, and Variants

%

Inventory Level Dashboards

%

Our report covered 25 most popular products from the Inventory Management Software category. We’ve analyzed their features, performance, integration, customer support, pricing, and several other key buying factors and combined it with feedback from user reviews to come up with the current list of best solutions:

  • 2020 Inventory Management Software Leaders: Zoho Inventory, Square, Oracle WMC, QuickBooks Enterprise, ServiceNow Cloud Management, Vend, Lightspeed Retail, Skubana
  • 2020 Inventory Management Software Contenders: Fishbowl, HotSchedules, Odoo, TradeGecko, Sellbrite, Stitch Labs, ShippingEasy
  • 2020 Inventory Management Software Rising Stars: Cin7, mHelpDesk, JDA Warehouse Management, ShopKeep by Lightspeed, Zebra Warehouse, Brightpearl, Dude Solutions, Orderhive, Katana, Bellwether

Our leader of the pack, Oracle Inventory Management Cloud, is a suite of integrated solutions that includes monitoring, management, and analytics that caters to on-premise, cloud, and third-party cloud services. As an inventory management platform, Oracle Inventory Management Cloud helps businesses consolidate disorganized control systems and inventory tracking into a single platform.

A product of Oracle, Oracle Inventory Management Cloud helps businesses gain complete control of the supply network in order to optimize inventory and decrease the cost of operations. Oracle Inventory Management Cloud simplifies the process of managing inventory and optimizing replenishment. It utilizes key data, such as balances, status, lots and serial numbers to keep track of every product in the inventory list. Its advanced features allow businesses to set policies when it comes to stock replenishment and other conditions in keeping with supply and demand planning.

Most users of Inventory Management Software solutions confirm that in most cases these tools allow them to reach the following business goals:

  • It allowed businesses to ensure certainty in their supply chain through predictive analytics. [ 88.5% of users ]
  • It boosted sales while preventing shortages in stock. [ 87.3% of users ]
  • It effectively implemented supply chain planning. [ 87.8% of users ]
  • It enabled users to create short- and long-term forecasts based on reliable data. [ 87.9% of users ]
  • It helped in the acquisition of the best inventory to ensure customer satisfaction. [ 88.0% of users ]
  • It identified areas that need improvement by tracking inventory on a macro level. [ 84.5% of users ]
  • It improved the efficiency of inventory planners and managers. [ 87.4% of users ]

How did we select products for this Inventory Management Software report?

The Fall 2020 version of the report includes a total of 25 Inventory Management Software products that were compared and analyzed by our team. We selected them based on the following factors:

  • Popularity of a given brand in the SaaS market (based on our own market research)
  • How popular a given brand is among FinancesOnline users (based on number of mothly readers for each review page)
  • Availability of statistical data generated from user reviews of a particular product (we excluded products with not enough data to draw meaningful conclusions)
  • The current listing reflects the state of our database and research as of September 2020. An updated version of the report will be released quarterly to keep data fresh and incorporate information about shifts and changing trends in the market.

What are the current Inventory Management Software trends?

Automated Guided Vehicles (AGVs) and Automated Mobile Robots (AMRs)

The growing demand for faster service is the main driving force behind the continued search for a faster automated order fulfillment process. As a response, businesses with large warehouses turn to robotics technology in the form of Automated Guided Vehicle or AGV and Automated Mobile Robots. Although AMRs are more advanced compared to AGVs, both share use cases, especially in the manufacturing industry. For AGVs, however, research on worldwide shipment shows that there are more AGVs deployed in non-manufacturing industries.

Incorporating AI and IoT

Although these technologies are no longer fairly new in general, incorporating them to inventory management platforms is still a fresh idea. Studies, however, have revealed AI and IoT integrations are strong contenders in terms of technologies that are currently shaping the immediate future of retail.

3PL Integrations and Harnessing Big Data

Outsourcing has also been around for some time, but not in the warehouse and inventory management process. But since 2020, Third Party Logistics, or 3PL, has been predicted to grow by 15%, thanks in part to businesses focusing on minimizing operational costs. In the United States, warehousing and distribution is one of the largest 3PL markets with a forecast value growth of approximately $73 billion by 2026.

Source: Statista; Global Market Insights

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