Tracking inventory is essential for small businesses and startups for multiple reasons. Not only do you need to know what is in stock for customer orders, but you also have potential tax reporting responsibilities to consider.
Today’s best inventory solutions offer powerful tools that give you more control over everything. These resources can track sales, identify items that don’t fly off the shelf, and manage vendor data.
When looking for an appropriate solution, it’s crucial to evaluate your business needs. Several different systems are available to consider, which means there is something out there for almost everyone.
Even if you sell online, some platforms offer inventory management solutions.
What Inventory Solutions Could Work for My Small Business?
If you want to take more control over your inventory, these solutions have a proven history of helping small business owners streamline their management processes.
Ordoro
This software app simplifies shipping processes for small business owners. The basic pricing plan is affordable for most startups, and in return, you’ll receive a solution that works hard to manage your operations in this critical area.
AdvancePro
With this solution, you’ll receive several tools that help with warehouse and inventory management. Even if you have a high-performance operation, it has enough strength to handle most needs. It integrates with QuickBooks records for additional help while keeping the pricing competitive.
Zoho Inventory
This online inventory solution offers several packages to ensure every small business and startup can be accommodated. If your footprint starts growing, you can scale upward easily. Zoho delivers free software for a single warehouse and two users when you’re just starting. In return, the order management process becomes more efficient.
Lettuce
When you start using this app for your inventory management needs, you’ll find that it integrates multiple complementary systems. The tools let you manage payment processing, shipping, tracking, and customer relationship management. Although it is a little more expensive than other resources, it’s still an excellent value.
Orderhive
It’s difficult to beat this inventory solution when you need a platform that delivers a complete system. The software allows you to serialize inventory in lots and batches to make locating it much more manageable.
The data automatically syncs across different online sales channels, including Etsy and Amazon. If you’re on Shopify, the basic package is available for free. Everyone else has a moderate monthly plan to pay.
TradeGecko
This inventory management solution allows a small business to manage its sales and stock while automating shipping processes. It creates insightful reports that help owners see what is happening from a different perspective.
Fishbowl
Small business owners will find an affordable inventory management system with this solution that delivers robust and flexible tools. It integrates with QuickBooks, syncs your inventory, and provides accounting data in practical ways. Free trials are typically available to see if this resource has enough strength to serve your needs.
Sellbrite
Running out of inventory isn’t the only problem that small businesses face. The most significant bottlenecks are sometimes found when overstocking products. Both issues become manageable when using the advanced features found with this software. Each time a purchase order, sale, or stock number change occurs, it establishes an equilibrium. This option is free if you process fewer than 30 orders per month.
NetSuite
With this solution, small business owners can manage order processing and inventory needs across all warehouses and sales channels. It syncs available to ensure everything you need is in one convenient place.
SalesBinder
This inventory management solution delivers the essential tools a small business needs to manage its stock efficiently. It includes features that handle purchase orders, invoicing, and supplier data to ensure nothing gets missed. When you’re first getting started on this process as an owner, the workload can seem excessive at times. You’ll simplify it with this resource.
Megaventory
If your small business operates in the manufacturing sector, this tool delivers a complete overview of your supply chain. It handles information from multiple warehouses while managing orders and deliveries on a single screen using real-time data. The simplified interface is a tremendous asset, ensuring the reporting remains accurate.
Inventory management is a crucial function for the modern business. When you don’t know how much of a particular item is available, the foundational guesswork could lead to a poor customer experience. Investing in one of these solutions is a practical way to start proactively solving future problems in this area.
