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Inventory App Review: Choose The Best For Your Business
Inventory management is crucial for each business, especially the ones providing services on a global scale.
Expanding your business across borders comes with a host of challenges, not the least of which are tracking your inventory in multiple locations, sales forecasting on an international scale, and dealing with supply chain disruptions.
This is where an inventory management app comes in, taking much of the work off your hands.
This article will compare multiple inventory apps, their suitability for international business operations, as well as talk about the benefits of inventory management.
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| Table of contents |
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What is an inventory app?
An inventory management app does exactly as its name suggests.
As a wholesale, D2C or retail business, your stock of products is your life-line.
Knowing the availability of your inventory, its distribution across multiple channels, as well as tracking many more aspects, is key to the success and health of your business.
An inventory app takes this process off your hands, while offering other additional features, such as analytics and forecasting tools.
Top 18 inventory management apps for your business
When selecting an inventory management app, there are some key aspects to look for, including but not limited to:
| Key aspects for Inventory apps | |
|---|---|
| Billing and invoicing | Barcode scanning |
| Warehouse management | Sales order |
| Reporting and analytics / Reporting and statistics | Tax management |
| Item kitting | Price |
Inventory management apps for your business
Here are some of the top-rated inventory apps of today.
EZOfficeInventory
| Platforms supported | Web, Android, IOS |
| EZOfficeInventory pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Reporting and analytics, Item kitting |
EZOfficeInventory allows you to manage every aspect of your inventory.
With easy purchase and work order drafting, QR code scanning, asset organization and location tracking, RFID integration and label management, EZOfficeInventory simplifies your inventory management process.
Its analytical tools produce actionable reports, giving you data-driven information to make quicker, cost-effective decisions.
On top of this, it integrates with Jira, Zendesk and Dropbox, among other providers.
EZOfficeinventory pricing also comes at various levels, allowing your business to select the package best suited to you.¹
Zoho Inventory
| Platforms supported | Web, Android, IOS |
| Zoho Inventory pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Sales order, Reporting and analytics, Item kitting |
Zoho inventory management is a cloud-based system that allows integration with online sales channels.
It offers full automation of the sales process, from creating sales orders to delivery-status tracking.
With the help of analytics and insights, you can find your best selling products and stock your inventory accordingly, preventing over- and under-supply issues.
Similarly, real-time shipping updates make international operations smoother.
Equally, Zoho inventory integrations allow you to sync with shipping channels such as DPD and AfterShip, sales channels such as Amazon, Etsy and eBay, as well as online shopping carts like Shopify.²
Cin7
| Platforms supported | Web |
| Cin7 pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Sales order, Reporting and analytics, Tax management, Item kitting |
Cin7 is an automated inventory app designed for businesses with revenues in excess of $1 million.
Cin7 prioritizes keeping cash flow and margins high, while reducing costs and optimizing your stock level to prevent over/under-supply issues.
Sales and stock can be tracked across multiple channels in real time, resulting in accurate inventory data.
This is helpful for businesses operating internationally, as they can track stock levels across multiple locations.³
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Odoo
| Platforms supported | Web, Android, IOS |
| Odoo pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Sales order, Reporting and analytics, Tax management, Item kitting |
Odoo is an open-source business suite that supports many features, including inventory management.
New apps and users can be added and integrated to Odoo, allowing your business to scale-up.
It offers integrated solutions for all aspects of your business, from website design, accounting, customer relationship management (CRM), sales, and enterprise resource planning (Odoo ERP), to inventory management, meaning you can grow and manage your business all from one place.
This is ideal for businesses looking to expand internationally.⁴
Unleashed
| Platforms supported | Web, Android, IOS |
| Unleashed pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Sales order, Reporting and analytics, Item kitting |
This cloud-based inventory app comes with 256 bit SSL security and two-factor authentication, ensuring your data remains protected.
Unleashed integrates with accounting and point-of-sale (POS) software, providing an end-to-end solution for your business.
All inventory tracking and reporting features occur in real-time, giving you more accurate information for decision making.⁵
DEAR Systems
| Platforms supported | Web, Android, IOS |
| DEAR Systems pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Sales order, Reporting and analytics, Tax management, Item kitting |
DEAR inventory systems is designed for small to medium sized businesses, as well as large enterprises, offering order and inventory management with a comprehensive back-end management solution.
It also offers manufacturing features as well as point-of-sale (POS) and e-commerce sales channel integrations, such as Amazon and Shopify, for example.
Similarly, DEAR systems’ tracking of manufacturing costs, such as overheads and raw materials, also helps to inform users of the best decisions to make.⁶
Finale Inventory
| Platforms supported | Web |
| Finale inventory pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Sales order, Reporting and analytics, Item kitting |
Finale Inventory management is a comprehensive solution for multi-channel retailers.
It offers extensive shipping capabilities, multi-location support for tracking inventory levels, and supports various barcode configurations from customized labels to serialized inventory, aiding international operations.
Finale Inventory software can also support up to 500,000 orders/2 million products per month, making it ideal for businesses looking to grow.⁷
Skubana
| Platforms supported | Web |
| Skubana pricing |
|
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Reporting and analytics, Item kitting |
With Skubana you can integrate all your channels into a single cloud-based platform.
You can take advantage of its automation and analytical tools, helping you cut costs, save time, track each individual SKU and forecast growth.
On top of this, Skubana offers one-click integration with shipping carriers such as UPS, Fedex and Amazon, easing the process of third-party logistics and warehouse management, making international business processes one step easier.⁸
| 💡 Did you know? |
|---|
| SKU stands for Stock-Keeping Unit and refers to the scannable barcode assigned to each unit of inventory a business owns. The classic example is that of the barcode label seen on retail items. The barcode keeps track of the product details, manufacturer and price of the given item. |
Megaventory
| Platforms supported | Web |
| Megaventory pricing | |
| Features | Barcode scanning, Warehouse management, Sales order, Reporting and analytics, Item kitting |
Megaventory is a cloud-supported inventory app that offers reporting and control tools for the entire manufacturing and sales process.
It also supports workflows common to e-commerce and brick-and-mortar businesses, such as drop-shipping and pre-ordering, as well as supporting multiple currencies and exchange rates - making it useful for international business.⁹
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Inventory management apps for industry-specific businesses
Here are some of the highly-rated inventory apps for specific industries.
Square for Retail
| Platforms supported | Web, IOS |
| Square for Retail pricing | |
| Features | Billing and invoicing, Barcode scanning, Reporting and analytics, Tax management, Item kitting |
Square for Retail is a point-of-sale (POS) system offering many different features, inclusive of inventory management, designed for retail businesses.
Its system provides automatic updates when stock is reaching low levels, as well as offering real-time management of multiple store inventories.
The system also offers many features for customer management too.¹⁰
Craftybase
| Platforms supported | Web |
| Craftybase pricing | |
| Features | Billing and invoicing, Reporting and analytics, Item kitting, Pricing recommendation |
Craftybase is an inventory app designed for small US-based manufacturers specializing in handmade products.
The solution allows users to track and monitor all the costs involved in the production process, as well as recommending product selling prices based on these costs.
It also offers many tracing capabilities, allowing businesses to generate traceability reports.
Additionally, Craftybase allows users to collect as well as submit cost of goods sold (COGS) information - using IRS-approved methods - to the IRS.¹¹
Stitch labs
| Platforms supported | Web |
| Stitch labs pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Reporting and analytics, Item kitting |
Stitch is an inventory app designed for high-growth companies, enabling them to manage their inventory and sales across multiple channels.
All information regarding your sales, fulfillment and inventory is centralized in a single dashboard, with more than 30 accompanying real-time reports, making for better forecasting and decision making.
It also integrates with many different softwares - such as Xero, Amazon, Ebay and Etsy - making for simplified experiences.¹²
Marketman
| Platforms supported | Web, Android, IOS |
| Marketman pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Reporting and analytics, Item kitting, Nutrition and allergen management |
Designed to help restaurants manage their back-of-house logistics, Marketman caters to quick and full service bars, food trucks, bakeries and restaurants.
The automated supply order feature helps users avoid manually entering data, making phone calls and other such tasks, speeding up and simplifying the process while reducing the likelihood of errors.¹³
Sowingo
| Platforms supported | Web, Android, IOS |
| Sowingo pricing | |
| Features | Barcode scanning, Warehouse management, Reporting and analytics, Expiration date management, Marketplace |
Sowingo is a cloud-based inventory app for dentists.
It allows you to track medical equipment and supplies, as well as offering an alert system for low or expired supplies, licenses and permits.
It also offers a marketplace in which you can select the best medical equipment for your business.¹⁴
Accounting Softwares with Inventory management
Some accounting software programs come with inventory management apps included. Here are two top-rated ones.
QuickBooks
| Platforms supported | Web, Android, IOS |
| QuickBooks pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Sales order, Reporting and analytics, Tax management |
QuickBooks is an end-to-end accounting solution that offers inventory management tools.
It comes with inventory control and tracking, barcode scanning, warehouse management and real-time updates concerning each SKU.
Its centralized dashboard enables users to manage picking, packing and shipping from a single location, simplifying the process.¹⁵
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Xero
| Platforms supported | Web, Android, IOS |
| Xero pricing | |
| Features | Billing and invoicing, Warehouse management, Reporting and analytics, Tax management, Item kitting |
Xero is an accounting software designed for small businesses that comes with an inventory management system too.
Alongside Xero accounting features such as payment processing, financial reporting and cash flow tracking, it also comes with inventory control and tracking as well as warehouse management and item kitting.
The app integrates with more than 1,000 softwares used by small businesses, such as Paypal and Stripe.¹⁶
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Inventory management apps for QuickBooks
The accounting software QuickBooks also comes with the possibility of integrating other inventory apps. Here’s two of them.
HandiFox
| Platforms supported | Web, Android, IOS |
| HandiFox pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Sales order, Reporting and analytics |
HandiFox inventory management integrates with QuickBooks to make for smooth operations.
It’s mobile phone compatible and allows for multi-location inventory tracking.
Users can generate, print and scan barcodes, track sales and purchase orders, as well as issue invoices.
HandiFox is ideal for small to medium-sized enterprises.¹⁷
Fishbowl
| Platforms supported | Web, Android, IOS |
| Fishbowl pricing | |
| Features | Billing and invoicing, Barcode scanning, Warehouse management, Sales order, Reporting and analytics, Tax management, Item kitting |
Fishbowl is an inventory app designed to integrate with QuickBooks.
It offers real-time tracking and management of every stage in the inventory process, from order receipt to final delivery, across multiple locations and warehouses, as well as with multiple currencies.
This asset tracking ability, in addition to multi-currency support, makes it great for international business.
It also comes with a reporting system to make forecasting more accurate and aid decision making.¹⁸
Benefits of inventory management
Inventory management refers to the process of buying, selling and storing your stock, ensuring that there are no over- or undersupply issues, thereby maximising your business’s efficiency.
Good inventory management saves your business money, as the holding of stock comes with associated costs, such as logistical fees and depreciation. It also helps you to avoid long periods of being “out of stock”.
Additionally, consistent inventory management allows you to see which products sell best and/or which materials are in highest demand.
This helps you to leverage better prices with your suppliers, saving your business more money.
Inventory management apps do all this. But they also come with a few more features:
-
Analytics - most inventory apps offer some sort of analytics software that allows you to collect data and draw trends from it. This helps you to make better decisions in terms of managing your inventory
-
Real-time data - inventory apps give you an overview over the real-time information pertaining to all of your SKUs, allowing you to make accurate data-driven decisions
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Automation - manual, repetitive tasks, such as barcode scanning, can be automated, freeing staff from menial work as well as reducing the chance for human error
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Multi-location overview - inventory apps allow you to monitor your SKUs across all warehouses, retail stores and distributions centres, allowing for a clearer overview of your current stock
International inventory management - be cost-effective with Wise
When managing your inventory on an international scale, currency conversions can cost you and your customers a lot in extra fees. This is where Wise Business can help.
Get the mid-market exchange rate when paying suppliers, customs fees and employees abroad, potentially saving you up to 19x compared to Paypal.
With Wise’s multi-currency business account, you can manage invoices, payments and subscriptions all from one place.
Get local account details - such as IBANs and Sort Codes - giving your customers the chance to pay you in their own currency.
On top of this, you can manage over 50 currencies in your account, making multi-currency cash flow one step easier.
Open your Wise Business account today
Sources:
- GetApp - EZOfficeInventory
- GetApp - Zoho Inventory
- GetApp - Cin7
- GetApp - Odoo
- GetApp - Unleashed
- GetApp - DEAR Systems
- GetApp - Finale Inventory
- GetApp - Skubana
- GetApp - Megaventory
- GetApp - Square for Retail
- GetApp - Craftybase
- GetApp - Stitch Labs
- GetApp - Marketman
- GetApp - Sowingo
- GetApp - Quickbooks
- GetApp - Xero
- GetApp - Handifox
- GetApp - Fishbox
All sources checked 30 December 2021
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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