inventory management software

Top 10 Best Inventory Management Software 2023: Free & Paid

Inventory management software help companies track and manage inventory electronically making work easier, faster and more efficient.

This is a list of the top 10 best inventory management and stock control software in 2023 based on user reviews from several top software review websites. The list is arranged in no particular order.

  • Radley’s Inventory Control Software
  • Fishbowl Inventory Manufacturing Software
  • Brightpearl
  • AdvancePro
  • Wasp Inventory Control Software
  • Zoho Inventory Software
  • Acctivate
  • FinancialForce
  • Asset Panda  Inventory Management Software

1. Inventory Control

Inventory Control provides inventory management and tracking to small, medium and large scale businesses, it was developed by Radley Corporation and its features include:

  • Configurable options
  • Dashboards
  • Data collection
  • Instant error notifications
  • Integration with ERP and other software
  • Inventory movement tracking
  • Inventory valuation
  • Location tracking
  • Query & search options
  • Receipt validation
  • Report generation
  • Role-based permissions
  • Shelf life tracking
  • Supplier management
  • System-wide customization
  • Transaction automation
  • Warehouse automation

Inventory Control is available for deployment as a standalone system or part of a bigger warehouse management software.

2. Fishbowl Inventory

Fishbowl is an inventory management solution for small and medium sized businesses, it provides features such as:

  • Asset management
  • Automated batch and repair work orders
  • Automated reordering
  • Barcoding
  • Customized reporting
  • Cycle counting
  • Stock control
  • Inventory Requirement Prediction
  • Inventory Tracking
  • job shop floor control
  • Manufacturing execution
  • Material requirements planning (MRP)
  • Purchasing
  • Raw materials management

Fishbowl also provides integration with top business apps such as Quickbooks, Salesforce and more.

3. Brightpearl

Brightpearl is a cloud based inventory management solution which helps businesses completely automate their inventory management process. Its features include:

  • Built-in CRM functions
  • Custom Reporting
  • End-to-end order management tool
  • Integrated Accounting Software
  • Multiple Source Order Handling
  • POS Integration
  • Real Time Inventory Updating
  • Supplier management
  • Viewing and Management of Stock
  • Workflow Automation Tool

4. AdvancePro

AdvancePro provides inventory and warehouse management services to clients across a wide range of industries, its features include:

  • Ability to build unlimited products
  • Accounting with QuickBooks integration
  • Automatic Stock Level Adjustment
  • Multiple Location Inventory Allocation
  • Serial Tracking
  • Stock Level Visualization

5. ECOUNT Software

ECOUNT is a cloud based inventory management application for small and medium sized companies in retail, service, distribution and manufacturing industries worldwide. It provides inventory, payroll, logistics, sales, accounting and production management tools. Its features include:

  • Customizable sales and inventory reporting module
  • Material consumption tracking
  • Single tier or multi-level BOMs creation
  • Stock level check

6. Wasp Inventory Control

Wasp Inventory Control provides inventory management solutions tailored for small businesses. Wasp provides features such as:

  • Asset tracking
  • Auditing and cycle counts
  • E-mail purchase orders creation
  • Inventory Barcode Creation
  • Ios and Android apps
  • Real time transactions
  • Real-time functionality
  • Supplier management

Wasp Inventory Control offers cloud or on-premise deployment and offers a free trial.

7. Zoho Inventory

Zoho Inventory is a web based inventory software for small and medium sized businesses, it offers top notch features including:

  • Amazon, e-Bay, Etsy integration
  • Analysis
  • Delivery confirmation
  • In-built shipment estimation
  • Inventory optimization
  • Invoicing
  • Lot traceability
  • Reporting
  • Tracking
  • Vendor managed inventory
  • Zoho Books Integration for Accounting

Zoho Inventory works on Windows, Mac, Android and iOS operating systems. Zoho Inventory operates a monthly pricing model based on number of orders processed monthly, it also offers a free trial.

8. Acctivate

Acctivate is an inventory management system specially built for small and medium sized companies. It provides purchasing, warehousing, shipping, customer service and other core ecommerce operations services.

Acctivate’s key features include:

  • Barcoding
  • Business management tools
  • Custom reporting
  • Customer Satisfaction tools
  • Customer status viewing
  • Inventory Control
  • Kitting
  • Matrix inventory
  • Packing
  • Picking
  • Quickbooks integration
  • Serial number management.
  • Shipment tracking

9. FinancialForce

Financial Force provides a cloud based inventory management software form small and midsize businesses helping them become more efficient and save costs. Its features include:

  • Action Queues
  • Built-in reorder point process
  • Cycle Counting Integration
  • Flexible Warehousing Model
  • Mass transfer of goods between warehouses
  • Physical and Virtual Inventory Support
  • Supply Requisition Automation
  • Stock Control

10. Asset Panda Inventory

Asset Panda is a cloud based asset management software which offers inventory management as an added service, its features include:

  • Barcode Scanning
  • Customized exporting
  • Customized reporting
  • Depreciation tracking
  • Maintenance management
  • Per Asset/User Pricing
  • Real time data updating
  • Role based access
  • Tracking
  • Windows, Mac, iPad, iPhone compatibility

There are a couple of good free and open source Inventory management software available, some of them are:

Canvus Stockpile: This free app allows users record sales, manage returns, damaged products and also provides inventory turnover tracking. Like ABC Inventory, it’s useful for small businesses as well and allows for unlimited users, locations and items.

ABC Inventory: This software is free for one user only and allows for multiple warehouse management, warranty management and other inventory data, it can only be run on one computer. There is no technical support provided and works if your company has really small inventory management needs.

Delivrd: Is a free cloud based inventory software which allows management of up to 25 SKUs and only one location. It also has a premium version with more features. Delivrd integrates directly with Shopify and WooCommerce and supports barcoding, pick and pack and basic financial reporting.

Inflow: The free version of InFlow allows up to 100 products, its features include barcoding, basic accounting, automatic data backup and more. The premium version costs $399 and allows unlimited product management and other features.

Odoo: This software allows up to 2 users for the online version and unlimited users on the open source version which you’ll have to host yourself. Its features include a warehouse management system and POS system.

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