In an e-commerce business, keeping pace with the dynamics of consumer demand plays a crucial role. With quick delivery becoming the normal, using hyperlocal same hour delivery apps like MOVER, customers are getting their products on time but you need to ensure you are never understock or overstock because both conditions can negatively impact your business.
If you are selling on multiple marketplaces, your website, and offline channels, inventory management can become more critical, especially during festive seasons. And that’s where the role of robust inventory management comes in!
This study compared several inventory management software available in the market based on differentiators like top features, client base, awards & recognition, and scalability. But before we head on, let’s have a deeper look into what inventory management is and its role in an e-commerce business so you can evaluate all inventory management software and choose the best one for your business.
What is an Inventory Management Software System?
Inventory Management System streamlines every stage of e-commerce processing. It replaces manual labor with automated processes that speed up order processing. It also provides greater visibility, transparency, and control over your entire sales and distribution channels. You can complete customers' orders on time without compromising quality.
If you're looking to implement an inventory management software system, here are a few options to help you out.
1. Unicommerce
Unicommerce’s inventory management system streamlines stock management on all offline and online sales channels. From inbound inventory management to outbound processing, Unicommerce’s IMS software eases out all the e-commerce operations at every stage. The best feature of inventory management is its real-time inventory sync. It means you can put all your inventory live on all sales channels, and every time the inventory gets sold, the numbers are updated automatically on sales channels.
Key Features:
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141+ marketplace & web store integrations for seamless selling across all sales channels.
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Handheld support for QC checks for incoming inventory, accurate cycle count, and efficient picking.
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Omnichannel selling and inventory management via online platforms, offline stores, and online marketplaces.
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Synchronize online and offline business with the ability to integrate with 11+ global ERPs or POS systems to ensure error-free accounting.
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Manage bulk orders and inventory volume, robust returns management, auto inventory allocation, etc.
Clients: TCNS, Lenskart, VIP, Red Chief, Chumbak, Fabel Street, Bodycare, TASVA
Awards and Recognitions: The Saas Awards, Best Supploy Chain/ Warehouse management solution for 2023, Gartner Magic Quadrant, ‘Notable Vendor’ in ‘APAC Maginc Quadrant for Warehoue Management Systems’ for 2023.
2. Zoho Inventory
Zoho Inventory provides single solution for all your inventory operations. It allows monitoring all product with real-time tracking. Besides this, you can oversee warehouse operations, manage orders and handle GST billing seamlessly.
Key Features:
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Barcode generation & scanning
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Serial & batch tracking
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Bundling and item grouping
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Multi-warehouse Management
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Inventory Adjustment
Clients: NZ BBQ, Bear Knuckles, HOME, Element
Awards and Recognitions: Customer's Choice Award 2022 by Software Suggest
3. IBM Sterling Inventory Management
With the IBM Sterling Inventory Management can enhance your consumer’s shopping experience by optimizing your business operations. It provides real-time visibility across all selling channels so you can prevent stockouts & overstocking.
Key Features:
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Maximize inventory productivity
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Leverage omnichannel capabilities
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Increase operational margin
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Harness advanced intelligence
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Accelerate transformation
Clients: Tesco, Hewlett Packard, Asda Stores, etc.
Awards and Recognitions: Global Customer Value Leadership Award from Frost and Sullivan
4. SkuNexus
SkuNexus offers a comprehensive suite of customizable solutions that streamline operations, syncs data across multiple platforms and locations.
Key Features:
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Management of cycle counting
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Inventory tracking and forecasting
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Stock adjustments
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Real-time inventory tracking
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Easy reordering
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Demand forecasting
Clients: Graeters, Carewell, New look, etc.
Awards and Recognitions: Customers Choice Award by Software Nexus
5. Ecomdash
The Ecomdash IMS handles both inventory processing and the complete inventory fulfillment process. It syncs inventory across all sales channels and automate drop-shipping task.
Key Features:
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Dropship mechanization,
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FBA administration
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multi-channel listing,
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delivery incorporated in buy orders
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E-commerce coverage
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An e-commerce API.
Clients: World of Motion, The Map Shop, Art Cove, Luxelu London, Ezee-Source, etc.
Awards and Recognitions: ProAds Awards and Small or Medium Business Product of the Year category in Best in Biz Awards
6. Acumatica Cloud ERP
Acumatica Cloud ERP integrates inventory management software, eliminating the need for tedious and time-consuming paperwork. It makes your inventories more efficient and increases the visibility of the complete inventory lifecycle.
Key Features:
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Quality traceability with lot and serial control
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Robust replenishments
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Industry and Business Functionality of the highest quality
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Customer-Friendly Business Practices
Clients: Sunshine lighting, Q-PAC Systems, Inc., Telesis Inc., etc.
Awards and Recognitions: SIIA CODiE Awards for the Best Cloud Enterprise Resource Planning (ERP) Solution and Best Manufacturing Solution; 2018
7. ShipStation
ShipStation provides a central hub to mange all important inventory operations so you can track, view and update your inventory whenever you need it.
ShipStation's inventory-management software is straightforward and practical, thanks to its simple but accessible interface.
Key Features:
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Integration of shopping cart
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Integration into the Marketplace
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API Access
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Integration into Custom Stores
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Reporting tools
Clients: Wondercide, Cocktail Courier, Mighty Club etc.
Awards and Recognitions: G2's 2024 Best Software Awards for Global Software Companies.
Conclusion
As your business grows, you will have more customers. These customers will come in through multiple channels each day. You will also have a larger inventory, and it can become challenging to manage everything manually. There is also the possibility of mistakes and delays. However, the best inventory management software can save you from all the needless worry.
