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Inventory Management System

Inventory Management software monitors inventory levels for optimal production and distribution of goods for wholesale or retail. These applications enable organisations to efficiently manage inventory as well as procurement and order fulfillment functions. Inventory Management systems ensure accurate real-time inventory reporting and the ability to distribute this essential data across multiple locations and throughout an enterprise. Inventory Management software is related to Inventory Control software and Supply Chain Management software. Find below the list of best inventory management software in India for your organisation.

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It helps in bringing all the information in one place so that data processing and retrieval is eased. Learn more about TYASuite
Inventory management software is a tool which assists businesses to manage their inventory and warehouse in proper shape. From re-stocking of goods to supply chain and proper price management, everything is taken care of in an effortless manner through this software. Learn more about TYASuite

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Specialised in centralised warranty management utilising Blockchain and AI technology for a sustainable manufacturing. Learn more about iWarranty
iWarranty is a next-generation warranty management software tool. At iWarranty, we understand the importance of maintaining high-quality products and ensuring customer satisfaction. That's why we offer a wide range of warranty management services designed to meet the specific needs of clients. Our team of experts can help you optimise your warranty management process, minimise warranty costs and improve customer satisfaction with a great post-purchase experience. Learn more about iWarranty

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Data-driven MES built to enable a smarter, efficient and quality-focused production lines using lean principles Learn more about Opstech
Opstech is a customisable MES platform used by production managers to achieve efficient & quality focused production lines.With its intelligent rule based system,it ensures automated data capture and validates product parameters before delivery.The platform provides insights on the realtime state of the production line and communicates with multiple tagging technologies making it suitable to track any type of product on the shop floor.Contact us and leverage the benefits of data in your factory! Learn more about Opstech

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ERP made easy for Retail, Restaurant, Distribution & Enterprise businesses on the digital path helping them stay competitive Learn more about GoFrugal
Gofrugal Technologies have been providing Point of Sale Software for Retail. Restaurant and Distribution businesses since 2004, in the form of complete business automation solutions paired with mobile apps and cloud solutions. Headquartered in Chennai, India, our technological footprint has grown to benefit of 25,000+ retail businesses across 50+ countries. Our key focus is on providing a great customer experience with our digital solutions Learn more about GoFrugal

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Inventory and order management for growing businesses. Learn more about Zoho Inventory
Zoho Inventory is an online application that enables you to manage orders and inventory. With multi-channel selling, shipping integrations and powerful inventory control, you can now optimize your inventory and order management, right from purchase to packing, to payments. Learn more about Zoho Inventory

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The leading accounting software for small businesses. Instant access to customer, vendor and employee information.
QuickBooks Enterprise (Save Up to 40%) is an end-to-end accounting software that can grow with your business. It provides all the tools your business needs, yet is easy to use. You can organize your books, manage inventory, track sales, and even run payroll, but at the fraction of the cost. With QuickBooks Enterprise, you save thousands of dollars a year vs. comparable solutions. Powerful and flexible, it also comes in editions designed to fit your specific needs. Take a free test drive today. Learn more about QuickBooks Enterprise

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monday.com Work OS offers full inventory control with no-code features such as shipment tracking, automations, integrations, and more.
monday.com Work OS offers cloud based inventory management, enabling you to manage and optimize inventory effortlessly. The no-code features are highly customizable, including inventory tracking, shipment tracking, and integrations with existing tools such as CRM and Excel. Automations eliminate tedious tasks, and decrease the risk of error throughout your inventory flow. monday.com Work OS empowers teams to create solutions that fit their way of working. Learn more about monday.com

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Use Vagaro® management software to get found, booked, & paid. Start your FREE trial today, and grow your business the easy way!
Build your business on the award winning salon, spa & fitness software, Vagaro®, trusted by 220k+ professionals. Get found, booked & paid 24/7. Manage appointments, payments, payroll, inventory, & much more on any device. Stand out from competition with a custom logo, website, online store & branded app. Attract new customers on the Vagaro® free Marketplace & and integrate it with social media booking tools. Retain customers & boost sales with AI-powered text & email marketing tools. Stop no-shows with deposits and automated reminders. Earn more and get paid anytime, anywhere, with Vagaro® payment processing. Try Vagaro® 30 days for FREE and set up your account in minutes with Vagaro® AI. Learn more about Vagaro

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Manage your stock with Xero's simple inventory management software. Stay on top of the numbers and keep track of stock in real time.
Easily keep tabs on your stock quantity and value with Xero inventory management tools. Know your best-selling and most profitable product lines and see how much profit you¿re making. Use this information to make the right decisions about what to order and how to price it. At the same time, save time with bulk imports. It's simple to get inventory in Xero up and running by quickly importing large numbers of inventory items from a spreadsheet. We provide a simple CSV template for you to use. Learn more about Xero

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Accept card and contactless payments in person with our selection of chip, tap, and swipe readers and accessories.
PayPal Commerce Platform helps make it easy for your customers to pay any way they want from almost anywhere. Let them pay now, pay later, or offer subscriptions or global and local payment options. It's the kind of flexibility customers demandthe kind that drives loyalty and lets you grow with the market. Learn more about PayPal Zettle

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Optimize inventory levels, boost profitability and decrease cost of goods sold with NetSuite inventory management.
NetSuite inventory management automates manual processes associated with traceability, replenishment, cycle counting, and managing inventory across multiple locations. With a single view of items, inventory and orders businesses can carry less inventory on hand and free up cash. Demand-based replenishment uses historical sales and seasonality to automate re-order points. Forward and backward tracing capabilities link finished goods to customer orders and suppliers allowing for full traceability. Learn more about NetSuite

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Inventory management software to regulate stock levels, control assets and inventory, and manage consumables in and out of the company.
Our leading asset tracking software enables you to manage inventory and assets across your company. Track vendors, move inventory across locations, and customize low stock threshold alerts for optimized inventory management. Scan Barcodes, QR Codes and RFID tags to perform mass actions and use our mobile apps to manage operations on the go! Our procurement module allows quick inventory replenishment through POs which automatically update your product catalog. Try it for free! Learn more about EZOfficeInventory

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Inventory tracking platform that is cloud-based with mobile apps (IOS/Android). Unlimited Users. Get a free guided demo today!
Asset Panda is a powerful Cloud/Mobile App inventory tracking platform. We help people track, manage and support their inventory throughout their life cycle. Our software is configured to the way our clients work, secure and leverages the mobile devices your employees already carry. Get a free guided demo today! Learn more about Asset Panda

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  • Forecasting
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UpKeep is rated the #1 mobile-first Inventory Management Software to streamline work orders, facility, and asset management.
UpKeep's Inventory Management Software is rated the #1 mobile-first maintenance and asset management solution for your team. From your desktop to your phone and even your tablet, UpKeep is easily accessible from anywhere at any time. Create work orders on-the-go, get notifications when tasks are updated, and receive alerts straight from your app when assets go down making your business run more efficiently than ever before. Learn more about UpKeep

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This cloud-based POS centralizes inventory management, employee management, sales reporting & accounting across locations and channels.
This POS platform makes retail easier for everyone. Whether you’re just getting started or building your empire, Lightspeed’s got you covered. Simplify inventory management with a sophistacted product catalog that unites all your locations from a single dashboard. - Manage Inventory faster - Get Lightspeed's Hardware - Create exceptional customer experiences - Keep an eye on performance in over 40 built-in reports - Lightspeed Payments Learn more about Lightspeed Retail

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Web-based open source eCommerce platform that helps in the creation of online store with themes, payment, shipping options & more.
Web-based open source eCommerce platform that helps in the creation of online store with themes, payment, shipping options & more. Learn more about WooCommerce

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QuickBooks is an end-to-end accounting software that can grow with your business.
QuickBooks Online Advanced (Save 50%) is a cloud-based, all-in-one, accounting and business hub solution, designed for growing, small to mid-sized businesses. Get performance reporting with highly customizable tracking tools, automated workflows, and real-time revenue and cash flow management dashboards. Seamlessly integrate best-in-class Premium Apps like Salesforce and HubSpot (CRM), Bill.com (accounts payable), DocuSign, LeanLaw & more to expand your capabilities as your business needs grow. Learn more about QuickBooks Online Advanced

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ShipStation inventory management boosts efficiency, reduces errors, and optimizes stock levels for major cost savings.
With ShipStation’s inventory management solution say goodbye to costly errors and inefficiencies. Enhance your bottom line by fine-tuning stock levels with automated tracking and management. Whether setting account-wide or SKU-specific thresholds, allocating available stock to higher-priority orders, or averting the shipment of "out-of-stock" orders, this solution empowers you to pick and pack faster and with accuracy. Learn more about ShipStation

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Fishbowl streamlines and automates the inventory management process to increase throughput, accuracy, efficiency, and profitability.
With Fishbowl Manufacturing and Inventory Management, you can automate your processes and reduce costs while maximizing profitability. Our solution includes advanced work orders, material requirements planning (MRP), bills of materials, barcode scanning and can be easily deployed on-premise and hosted in the cloud. Learn more about Fishbowl

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The fastest, easiest, and highest value service management software to automate everything from first customer contact to getting paid.
mHelpDesk is the easiest and most powerful inventory tracking solution for your business, helping you manage inventory across several locations for your field service business. No more showing up on a job site without the parts you need or making an extra trip to the warehouse for no reason. You¿ll know exactly what is where and when you¿re low on parts. We provide our customers with mobile and online tools that are unmatched in performance, reliability, and functionality. Learn more about mHelpDesk

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Helps users wisely manage their warehouses, and maximize their inventory efficiency, by reducing stock levels and avoiding stock-outs.
Odoo Inventory is expertly designed to help companies improve their internal operations, specifically by providing them with the most efficient stocking methods imaginable. Users can wisely manage their warehouse, and maximize their inventory, by reducing stock levels and avoiding unnecessary stock-outs. With Odoo¿s innovative double-entry system, inventory has no stock input, output, or transformation - all operations are simply stock moves between locations. Learn more about Odoo

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ERP inventory management features at flexible and affordable prices for SMBs. Multichannel sale and manufacturing features available.
Cin7 Core integrates accounting and inventory management for your small to medium business. Track stock levels and stock on hand value for raw materials, components, finished goods, and more. Globally track stock levels taking into account orders from multiple channels, including eCommerce channels. Powerful manufacturing and component traceability features automatically sync your stock movements and your accounts free of discrepancies. Get ERP inventory management at affordable SMB prices. Learn more about Cin7 Core

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All-in-one inventory software for small and medium-sized rental businesses.
Booqable is the all-in-one inventory software for small and medium-sized rental businesses. With Booqable, your inventory is organized in one place that keeps track of stock levels and availability. Whether your customers book online, in-person, or by phone, never have shortages or double bookings again thanks to real-time tracking and reporting. Key features include multi-location, barcodes, equipment check-in/out, a mobile app, and more. Learn more about Booqable

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Jira Service Management is an ITSM software that unlocks high-velocity teams to deliver great service experiences fast and together.
Jira Service Management is an ITSM solution that unlocks high-velocity IT, dev, operations, and business teams. Empowered teams can deliver great service experiences, without the complexity of traditional ITSM, and coordinate efforts for even more impact through Jira’s open collaborative platform. Streamlined workflows, automation rules, queues, SLAs, and a self-service portal all empower IT, dev, operations, and business teams to deliver exceptional service management at scale with no silos. Learn more about JIRA Service Management

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Adobe powers billions in B2B ecommerce with a platform that boosts operational efficiency, customer satisfaction, and revenue growth
Adobe Commerce unlocks the power of data to create hyper-personalized commerce experiences out-of-the-box that drive deeper customer engagement and higher sales for global B2B and B2C enterprises. With a feature-rich, cloud-native platform that is also highly composable, Adobe Commerce can be easily customized to fit your business and reduce your time to market. Support for multiple sites, markets, business models, and storefront solutions ensure you have the agility to win in today's market. Learn more about Adobe Commerce

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Inventory Management System Buyers Guide

What is inventory management software?

Inventory management software monitors inventory, helping organizations streamline inventory creation and organize order fulfillment operations. These systems help businesses optimize their inventories and improve supply chain efficiency. Advanced inventory management systems provide real-time inventory control and auditing functionalities.

The benefits of inventory management software

Manual inventory management programs, whatever your method, is inefficient and time consuming. These methods cannot handle complex tasks such as inventory auditing, inventory control, and real-time inventory tracking. Inefficient inventory management harms your business; excess inventory increases your total cost of warehousing, while inadequate stock leads to lost sales and negative customer experience.

Inventory management is a key factor that influences whether you make a sale or lose to a competitor, and inventory management software helps your business avoid such damage while overcoming related challenges. 

Specific benefits include:

  • Enhanced inventory tracking
  • Lower incidents of inventory theft
  • Improved supply chain visibility for your suppliers
  • Improved financial performance
  • Accurate accounting and financial reporting

Typical features of inventory management software

  • Inventory auditing:   Run periodic reviews of inventory records and alert management of any discrepancies or process lapses.
  • Inventory control: Optimize inventory levels and reduce instances of overstocking and understocking. 
  • Product categorization:   Monitor inventory based on product attributes such as weight, height, lot, batch, date, and serial number.
  • Purchase order management: Create, review, and modify paperless purchase orders from suppliers. 
  • Reporting/analytics:   Summarize and analyze inventory performance. Some advanced platforms offer real-time data capturing and data visualization tools.
  • Search/filter:   Search products based on features such as location, product type, serial number, and size.

Considerations when purchasing inventory management software

  • Integration with accounting software: Inventory management systems work closely with accounting platforms. Inventory control and inventory auditing are important functions fueled by accounting solution integration. When buying inventory software, ask the vendor about third-party integrations and look for a solution that integrates with your current—or preferred—accounting software.
  • Total cost of ownership: Different inventory management programs offer varied pricing models that make direct comparison a bit tough. Certain vendors may charge for product support, data storage, training, implementation, upgrades, and more. Before purchasing a solution, contact the vendor and calculate the total cost of ownership based on your business’ needs.
  • Vendors add advanced data analytics for better inventory control: Data analytics technologies have grown by leaps and bounds in recent years. In response, inventory management systems vendors are including advanced data analytics modules in their products to offer data visualization , real-time data access , and multiple data connectors . Data analytics helps managers take corrective action in the event of performance deviation.
  • Internet of things will get real: In the coming years, you’ll get something more from the internet of things (IoT) than just the hype you’ve seen so far. In fact, according to a Capterra’s technology trends report , 73% of small businesses are planning to use IoT within the next two years. The IoT is becoming a reality with the launch of products such as BlackBerry Radar —which has advanced tracking and sensor capabilities—and Smart trash receptacles , which share volume status (denoting how “full” the receptacles are) via Wi-Fi to optimize trash collectors routes.