Top 8 Small Business Inventory Management Software

Managing a small business means having everything work as efficiently as possible. Reducing costs while increasing your sales is your top priority. Time is of the essence, so automating is the key to making doing business easier. What you need is small business inventory management software. Here’s what you need to know:

What is a Small Business Inventory Management Software?

Have you ever found it frustrating to track items or parts throughout your supply chain? Handling the storage, inventory, and sale from manufacturer to wholesaler to retailer can be a Herculean task. This is where small business inventory management software comes in.

This is a tool that automatically tracks how many products or items a business has in stock. It also records and helps monitor how many were sold, returned, or when you should reorder. The most basic software may include accounting tools and point-of-sale systems suitable for small businesses. 

The Best Small Business Inventory Management Software

1. Zoho Inventory

A popular choice for small business owners, Zoho Inventory is great value for your money. It allows you to handle multiple ecommerce stores and warehouses. You can check stock levels, manage warehouse items, and fulfill orders.

It features order management, analytics, reporting, and barcode scanning capabilities. It has a free plan with limited features, so if you want to make the most out of the software, the paid plans are highly recommended. 

Pros

• Can handle multiple warehouses, currencies, and channels
• Comes with bundling, kitting, and composite tools
• One of the least expensive options

Cons

• No return management feature
• Limited POS integrations

2. FreshBooks

Primarily an accounting software, Freshbooks also has the capabilities of an inventory management software. This is an excellent option for small businesses with fundamental inventory needs. Not only does it enable you to track your items, but it’ll also make accounting easier.

It integrates with many assets and transportation management software such as 2ship and Barcloud. If you sell in different channels, Freshbooks will come in handy. It automatically gathers data from Shopify or Squarespace for effortless management of your inventories.

Pros

• Easy to navigate user interface
• It comes with excellent invoicing features
• Superb customer support

Cons

• Limited users and clients
• Tier-based pricing is confusing to some users

3. Agiliron

This small business inventory management software is truly cost-effective. Agiliron lets you manage multiple channels with e-commerce, social media, retail, and wholesale features. It will also provide you with comprehensive B2B and B2C inventory, kitting, and many other unique features.

It integrates with Quickbooks, Amazon, Shopify, PayPal, and many other ecommerce-related software and platforms. All its subscription plans offer unlimited orders and 24/7 customer support.

Pros

• Has customer-specific price settings
• International capabilities
• Wide ecommerce applications

Cons

• High learning curve
• Only one user per plan

4. Veeqo

Built explicitly for ecommerce businesses, Veeqo has many features that make inventory and shipping a breeze. It has purchasing, reporting, shipping, and order management tools, whether you have one warehouse or more. Its straightforward platform is centralized to make tracking and management simple and uncomplicated.

One notable feature of Veeqo is its shipping integrations. This includes major shipping couriers such as FedEx and UPS. It has a 14-day free trial that lets you try out its service without making a huge commitment.

Pros

• Shipping discounts
• User-friendly interface
• Multi-channel inventory management

Cons

• Some reports of software bugs
• So-so customer support

5. Lightspeed Retail

Most popularly known as a point-of-sale software, Lightspeed Rail also has impressive inventory management features. It allows you to conduct sales online or in-store while tracking your inventory levels in real time. This is a very helpful software to have if you’re in the retail industry.

This small business inventory management software lets you select from a wide array of business types, such as apparel, home and gift shops, and many others. Lightspeed will then show you how it can work in your precise retail niche. 

Pros

• Offers seamless integration with ecommerce and in-store POS
• Provides advanced reporting on CRM, vendor, and granular inventory
• Unlimited entries across all plans

Cons

• Has no free plan
• No options for managing perishable products

6. Sortly

Small non-retail businesses will find Sortly an excellent inventory management software, thanks to its free plan. Well, it’s not only that, this software has many more amazing features to its name. Its intuitive functionality helps new business owners get the hang of tracking inventory and other minute details about their products. 

Sortly can help you with warehouse management, inventory control and reports, and barcode scanning, among others. It also enables you to keep track of stock levels and returns through its alerting feature.

Pros

• Reasonably priced premium plans
• Ideal for those starting a new inventory
• Easy-to-use interface

Cons

• Integrating with other apps is for paid plans only
• Customer service may be hard to contact

7. Orderhive

With its robust inventory and multiwarehouse features, Orderhive has become small business owners’ favorite. Among all the small business inventory management software on this list, Orderhive offers the most integrations. It has a return management feature that is essential for ecommerce business owners.

This software offers advanced options for purchase orders, which includes duplication, custom fields, and importing and exporting features.

Pros

• Multi-channel, centralized inventory system
• Great workflow automation
• Gives detailed real-time data

Cons

• No free plan
• Android-only mobile app

8. Katana

Specifically created for manufacturers, Katana will help you track all your products and supplies at every level of the manufacturing process. Its automatic workflow lets you concentrate on manufacturing. Aside from inventory features, this software will help you with scheduling, production planning and control, and many other tasks.

It has a very low learning curve; you’ll quickly know how to keep track of sales and purchase orders, production receipts, warehouse statuses, productions, and many others.

Pros

• Has inventory control and optimization tools
• Has comprehensive manufacturing shop floor control
• Allows tracking by the expiration date

Cons

• Only has email support
• No mobile app

Honorable Mention

The eight small business inventory management software listed above are our top choices. But there is one outstanding brand that we can’t ignore so we added it to our honorable mention list:

Megaventory

Suitable for small and medium-sized businesses, Megaventory is a cloud-based order and inventory management solution. Its key features include order fulfillment, invoicing, reporting, and manufacturing management. It also offers comprehensive customer support that will help you provide better customer experiences.

Pros

• Alerts you when you are running low on stocks
• Provides automatic calculation of inventory’s value
•  Handles customer and vendor returns without human intervention

Cons

• The dashboard can be hard to navigate on small screens
• The item editor has a high learning curve

Final Thoughts

To find out which small business inventory management software is the best for you, you need to know your inventory tracking needs quite well. After doing so, you can choose from the list above and get the most suitable one for your brand.