Top 20 Best Inventory Management Apps to explore in 2024

Published on January 4th, 2024

Inventory management apps have become an essential tool for businesses of all sizes. These apps help in the efficient tracking, organizing, and monitoring of inventory levels, providing real-time insights into stock movements. With automation and digitization becoming increasingly common in business processes, manual inventory management is on its way out.

One of the main reasons behind the rise of inventory management apps is that they save time and effort by eliminating the need for manual data entry. These apps also offer valuable features such as barcode scanning, automatic alerts for low stock levels, and easy inventory tracking across multiple locations.

Here are the top 20 inventory management apps that businesses can consider implementing to streamline their inventory processes:

1) TradeGecko

TradeGecko is a popular cloud-based inventory management app that offers a range of features to help businesses manage their inventory effectively. It allows for real-time tracking of stock levels, automatic reordering, and integration with various sales channels.

2) Zoho Inventory

Zoho Inventory is another cloud-based solution that offers inventory management capabilities along with order fulfillment and shipping functionality. This app also integrates with popular accounting software, making it easier to manage finances and inventory in one place.

3) Fishbowl

Fishbowl is a comprehensive inventory management app that caters to businesses of all sizes. It offers advanced features such as barcode scanning, serial/lot number tracking, and multi-location inventory management.

4) inFlow Inventory

inFlow Inventory is a user-friendly app that helps businesses keep track of their inventory, sales orders, and purchase orders. It also offers integration with various ecommerce platforms, making it a great choice for online retailers.

5) Orderhive

Orderhive is a cloud-based inventory management app that offers features such as order tracking, supplier management, and warehouse management. It also includes a mobile app for easy access to inventory information on-the-go.

6) Cin7

Cin7 is a versatile inventory management app that caters to businesses in various industries, from retail to manufacturing. It offers features such as barcode scanning, customized reporting, and advanced forecasting capabilities.

7) Wasp Inventory Control

Wasp Inventory Control is a comprehensive inventory management app that helps businesses track inventory levels, manage suppliers, and fulfill orders. It also includes mobile apps for iOS and Android devices for easy access to inventory information.

8) Oracle Fusion Cloud ERP: Inventory Management

Oracle Fusion Cloud ERP offers an advanced inventory management module as part of its comprehensive enterprise resource planning (ERP) software. It provides real-time visibility into inventory levels, automates replenishment processes, and allows for customization based on business needs.

9) Net Suite: Inventory Management

Netsuite inventory management module is part of its cloud-based ERP software. It offers features such as demand planning, order fulfillment, and multi-location inventory tracking. It also integrates with various ecommerce platforms for seamless inventory management across all sales channels.

10) TyaSuite: Inventory Management

TyaSuite is a user-friendly inventory management app that allows businesses to track inventory levels, monitor order fulfillment, and manage suppliers. It also offers customizable reporting and integrates with popular accounting software for easy financial tracking.

11) GoFrugal: Inventory Management

GoFrugal is a cloud-based inventory management app that caters to small and medium-sized businesses. It offers features such as barcode scanning, automatic stock reordering, and multi-location tracking. It also integrates with popular accounting software for streamlined financial management.

12) Monday.Com: Inventory Management

Monday.Com is a project management app that also offers inventory management capabilities. It allows businesses to track inventory levels, set reminders for low stock, and manage supplier relationships. It also integrates with popular ecommerce platforms for seamless order fulfillment.

13) PayPal Zettle: Inventory Management

PayPal Zettle is an inventory management app specifically designed for small businesses. It offers features such as stock tracking, real-time inventory updates, and multi-location management. It also integrates with PayPal’s payment system for easy transaction processing.

14) Xero: Inventory Management

Xero is a comprehensive accounting software that also offers inventory management features. It allows businesses to track stock levels, manage suppliers, and create purchase orders. It also integrates with popular e-commerce platforms for streamlined order fulfillment.

15) Asset Panda: Inventory Management

Asset Panda is a mobile-based inventory management app that offers real-time tracking and reporting capabilities. It also allows businesses to manage supplier relationships, set low stock alerts, and conduct audits on inventory levels. It integrates with popular accounting software for easy financial tracking.

16) Ship Station: Inventory Management

ShipStation is an inventory management app specifically designed for ecommerce businesses. It offers order tracking, stock level monitoring, and supplier management. It also integrates with popular shipping carriers for efficient order fulfillment.

17) Booqable: Inventory Management

Booqable is an inventory management app tailored for rental businesses. It allows businesses to track inventory levels, schedule rentals, and manage customer information. It also integrates with popular payment gateways for easy online transactions.

18) Limble CMMS: Inventory Management

Limble CMMS is a cloud-based inventory management app that offers real-time tracking and reporting capabilities. It also allows businesses to manage work orders, schedule maintenance tasks, and track equipment usage. It integrates with popular accounting software for streamlined financial management.

19) Fresh Service: Inventory Management

Fresh Service is an inventory management app that offers features such as stock level monitoring, supplier management, and order tracking. It also allows businesses to automate purchasing processes and set up approval workflows for efficient inventory management.

20) Simple Consign: Inventory Management

Simple Consign is an inventory management app specifically designed for consignment and resale businesses. It offers features such as real-time sales tracking, supplier management, and automated pricing. It also integrates with popular ecommerce platforms for easy online sales.

Related Article: The Ultimate Guide to Warehouse Inventory Management

Benefits of inventory management app

• Improved efficiency: With real-time tracking and automated processes, inventory management apps can help streamline business operations and improve overall efficiency. By providing instant access to inventory data, businesses can quickly identify stock levels, identify trends, and make informed decisions to optimize their supply chain. This level of efficiency allows businesses to reduce waste, minimize stockouts, and improve order fulfillment times, ultimately leading to a more efficient and cost-effective operation.
• Better inventory control: Inventory management apps allow businesses to accurately track stock levels, monitor product performance, and make data-driven decisions for better inventory control. With advanced analytics and reporting features, businesses can gain insights into inventory turnover rates, identify slow-moving items, and forecast demand more accurately. This level of control enables businesses to optimize inventory levels, reduce carrying costs, and ensure sufficient stock availability to meet customer demand.
• Cost savings: By optimizing supply chain processes and reducing manual errors, businesses can save costs on inventory management. Inventory management apps eliminate the need for manual data entry and automate tasks such as stock replenishment, order tracking, and demand forecasting. This automation not only reduces labor costs but also minimizes the risk of human errors, ensuring accurate inventory records and preventing overstocking or understocking situations. These cost savings can be significant, especially for businesses with large and complex supply chains.
• Increased productivity: With automated processes and real-time data, businesses can save time on manual tasks and focus on more strategic activities, increasing overall productivity. Inventory management apps streamline inventory-related processes, such as order processing, stock counting, and reporting, freeing up valuable time for employees to focus on activities that add value to the business. This increased productivity allows businesses to allocate resources more efficiently, improve decision-making, and ultimately drive growth.
• Enhanced customer satisfaction: With accurate inventory tracking and timely order fulfillment, customers are more likely to have a positive experience with the business, leading to higher levels of satisfaction. Inventory management apps enable businesses to provide real-time visibility into stock availability, accurate delivery estimates, and seamless order processing. This transparency and reliability enhance customer trust and confidence, resulting in improved customer satisfaction and higher levels of repeat business.

Key features of Inventory Management App

Inventory management apps come with a range of features that cater to different business needs and requirements. Some key features that are commonly found in inventory management apps include:

• Real-time inventory tracking: This feature allows businesses to track their inventory levels and stock movements in real-time, providing up-to-date information on stock availability, demand, and usage.
• Automated stock replenishment: Inventory management apps can automatically generate purchase orders when stock levels fall below a pre-set threshold, ensuring that businesses always have enough inventory to meet demand.
• Barcode scanning: This feature allows businesses to scan barcodes on products for accurate and efficient data entry, reducing the chances of human error and increasing productivity.
• Reporting and analytics: Inventory management apps provide robust reporting and analytics capabilities, allowing businesses to gain insights into their inventory performance, identify trends and patterns, and make informed decisions.
• Multi-location support: For businesses with multiple warehouses or locations, inventory management apps offer the ability to manage and track inventory across different sites, providing a holistic view of stock levels.
• Integration with other systems: Inventory management apps can integrate with other business systems such as accounting software or e-commerce platforms, streamlining processes and reducing the need for manual data entry.
• Mobile accessibility: Many inventory management apps offer mobile versions or companion apps, allowing businesses to manage their inventory on the go and providing flexibility for employees working remotely.

Determine the cost procedure of the inventory management app

The cost of an inventory management app can vary depending on the features and functionalities it offers. Typically, businesses can expect to pay a monthly subscription fee for using the app, which may range from a few dollars to hundreds of dollars per month. Some apps also offer a one-time purchase option or charge based on the number of users.

In addition to the base cost, there may be additional fees for add-on features or integrations with other systems. It is important for businesses to carefully evaluate their needs and budget before selecting an inventory management app.

• Identify Your Needs: Start by defining the features and functionalities your business needs from an inventory management app. This will help you streamline your choices and prevent you from paying for unnecessary features.

• Research: Conduct thorough research into various inventory management apps available on the market. Consider their features, pricing models, and customer feedback.

• Free Trials and Demos: Utilize free trials or demos offered by many providers. This gives hands-on experience with the software and helps you evaluate if it meets your needs.

• Evaluate Pricing Models: Inventory management apps usually charge a monthly subscription fee, but the cost can vary widely. Some may offer tiered pricing based on the number of users or features included, while others may charge a flat fee.

• Consider the Cost of Add-Ons and Integrations: Check if the app integrates with your existing systems. Additional costs may apply for these integrations or for add-on features.

• Budget Evaluation: Compare the cost of your shortlisted apps with your budget. Remember, the most expensive option may not always be the best for your business. Look for a solution that offers the best value for your money.

• Make a Decision: Once you have conducted thorough research and cost evaluation, choose an inventory management app that best fits your needs and budget.

Suggested: 12 Ways to Improve your Warehouse Inventory Management System

Comparison between best inventory management app:

How can iTechnolabs help you build inventory management apps?

At iTechnolabs, we understand the importance of efficient inventory management for businesses of all sizes. Our team of experienced developers can help you build a custom inventory management app that meets your specific needs and integrates seamlessly with your existing systems.

Our expertise in developing robust and user-friendly apps allows us to offer a wide range of features and capabilities tailored to your business requirements. From automated stock updates and multi-channel selling to real-time reporting and barcode tracking, we can equip your app with all the necessary tools for effective inventory management.

Moreover, our cost-effective solutions make it possible for small businesses to access advanced inventory management capabilities without breaking the bank. We also offer ongoing support and maintenance to ensure that your app continues to meet your evolving needs.

• Understanding your business needs: Our first step at iTechnolabs is to understand your business’s specific inventory management needs. We carefully analyze your existing systems and operations to identify areas that can be optimized with a custom app.

• Designing the app: Once we have a clear understanding of your needs, we design an app that provides an intuitive and user-friendly experience. We ensure that the app’s interface is easy to navigate, enabling users to manage inventory efficiently.

• Developing key features: We develop a wide range of features tailored to your business requirements. These include automated stock updates, multi-channel selling, real-time reporting, and barcode tracking, equipping your app with all the essential tools for effective inventory management.

• Integration: We ensure that the inventory management app integrates seamlessly with your existing systems, minimizing disruptions to your operations and maximizing efficiency.

• Testing: Before we roll out the app, we conduct rigorous testing to ensure its functionality and reliability. We identify and resolve any issues to ensure a smooth and error-free experience for your users.

• Delivery & Support: Once the app is ready, we assist with its deployment within your organization. Furthermore, we offer ongoing support and maintenance to ensure that the app continues to meet your evolving needs.

Also Read: The Careem Business Model: How the Super App Took the Middle East By Storm

Are you looking for a mobile app development company?

iTechnolabs is a software development company specializing in web applications, mobile apps, and digital marketing services for businesses of all sizes. We help clients with consulting on technology and business strategies to achieve their goals and objectives.

At iTechnolabs, we’re proud of the impact our inventory management apps have made in various industries. One shining example is our collaboration with iTechnolabs, a leading lifestyle goods retailer.

• Tailored Solutions: At iTechnolabs, we know that every business is unique. We understand that your organization’s needs may not align with generic inventory management solutions available in the market. Therefore, we build custom inventory management apps that perfectly cater to your specific operational needs and requirements.

• Ease of Use: Our custom inventory management apps are designed with user-friendliness in mind. We ensure that the interface is intuitive and easy to navigate, enabling your staff to quickly adapt and efficiently use the app without extensive training.

• Effective Inventory Control: With a custom app from iTechnolabs, you have better control over your inventory. Features like automated stock updates and real-time reporting keep you informed about your current stock levels and help in accurate forecasting.

• Integration: We design our apps to integrate seamlessly with your existing systems, ensuring a smooth transition and minimal disruption to your business operations.

• Ongoing Support: We don’t just deliver the app and move on. We provide ongoing support and maintenance to make sure the app continues to serve you effectively as your business evolves. We identify and resolve any issues, ensuring a smooth, error-free experience for your users.

• Cost-Effective: With our custom inventory management apps, you can significantly reduce the costs associated with stock-outs and overstocking, thereby optimizing your budget and increasing profitability.

Conclusion

In conclusion, we at iTechnolabs is understand the critical role inventory management plays in the success of your business. Our custom inventory management apps are designed to provide you with a tailored solution that perfectly aligns with your unique needs and requirements. With features such as user-friendliness, effective inventory control, integration, ongoing support, and cost-effectiveness, our apps will help your business streamline operations, increase efficiency, and boost profitability.