Top 7 Retail Inventory Management Software

In the retail world, everything rotates around operations. From inventory, sales, processing returns to updating arrival of new shipments, if these are not in sync or seamless, you need a retail inventory management system.

For retail owners like you, reducing errors and improving workflow brings efficiency, which is critical. Because this allows you to focus on driving business growth and attain success.

There are many inventory management software for retail stores thus, you don’t have to reinvent the wheel. This blog brings you the best retail inventory management system at your doorstep so that you can focus on scaling your business.

Let’s find out the best software that suits your business model.

Best Inventory Software for Retail Shop

The prime lookout of any inventory software for retail shop should be:

• to save time & money
• improve accuracy
• enhance operational efficiency
• provide data-driven insights and
• deliver exceptional customer satisfaction

Since retail businesses trade in varied kinds of products which shape their business model, there isn’t a one size fits all inventory management software for retail store. Today, this software comes in either as a POS solution or standalone inventory tool. Here is how you can choose the best retail inventory management software.

Inventory Tracking: Choose a system that gives you real-time inventory updates to manage stocks effectively.

Barcoding: Opt for an inventory system that offers barcode scanners which makes it easy for retailers to manage and track SKU (stock keeping units) digitally.

Label Printing: Find a solution that provides label printers for you to tag and identify different products quickly.

Analytics: Ensure that the inventory management software offers various reports so retailers can make data-driven decisions.

Integrations: Check if the system can be easily integrated into your existing business environment such as billing, e-Commerce.

Ease of Use: Make sure the retail inventory management system is simple to grasp and easy to use for all.

Support: It is best to onboard an inventory system provider with 24/7 support availability.

Let’s check out the best inventory software for retails shop.

1. FTx POS

FTx POS is a customizable POS software. In other words, it is a boon for retailers to manage from inventory to operations, the way they want it. FTx POS can help you unlock new possibilities to grow your retail business beyond just inventory.

You can effortlessly integrate FTx POS with existing software solutions to take control of employee management, generate insightful reports, boost marketing, optimize eCommerce and much more.

FTx POS Overview: Best Retail Inventory Management System

Works for:

Liquor store, tobacco shop, convenience store, bar and nightclub, salon & spa, pet shop, grocery store, clothing store, etc.

Features:

• Real-time inventory
• Reporting
• Wireless handheld scanner
• Purchase projections
• EDI Support
• Warehouse sync
• Inventory history
• Location picking
• Create and manage price books
• Automate regulatory & taxation tasks
• Automated purchase orders
• Order fulfillment services

Plans & Pricing:

Core ($99 per POS/Month): 3 logins, customizable taxes, house accounts, shift reconciliation, customized panels, permission & roles, core inventory management, core reporting, core discount.

Pro ($179 per month, $129 for an addon): 5 logins, multi store support, inventory counts, store transfers, manufacture discounts, employee time clock, Loyalty & scan data, eCommerce, payroll & accounting integration.

Enterprise ($299 per month, $199 for an addon): 10 logins, digital signage integration, gift card integration, employee scheduling, automated & suggested ordering, employee incentives & commissions.

2. SafetyCulture

SafetyCulture is aretail inventory management system that helps managers and supervisors to automate workflow. It works alongside an app to track the quality of perishable goods.

Features:

• Smart forms to convert manual checklists into digital forms
• Real-time inventory reports
• Custom templates
• Easily integrated with other systems
• Smart sensors to track perishable items
• Customer support & training resources

Plans & Pricing:

Free Version: Available for teams for up to 10

Premium Plan: $24/month (with free 30-day trial period)

3. Cin7

Cin7 powers over 5,500 eCommerce businesses. Its retail inventory management system works as the best solution for managing inventory for pure eCommerce and dropshipping.

Works for:

ECommerce, warehouse, B2B, and dropshipping.

Features:

• Centralized inventory across multiple channels
• Time tracking
• FIFO & FEFO picking
• Manage inventory across multiple stores and warehouses
• Batch and serial tracking
• Picking, packing, & restock workflows
• Kitting & assembly

Plans & Pricing:

Cin7 Core Standard ($349/month): Up to 6,000 sales orders, 5 users, 2 integrations

Cin7 Core Pro ($599/month): Up to 24,000 sales orders, 10 users, 4 integrations

Cin7 Core Advanced ($999/month): Up to 120,000 sales orders, 15 users, 6 integrations

Cin7 Core Omni (Custom): Unlimited orders, 8 users, 5 integrations

4. Katana

Katana is a dedicated inventory software for retailers in the manufacturing industry. In other words, it is an enterprise resource planning (ERP) software for manufacturers.

Works for:

Machinery & equipment, electronics, automotive, apparel, food and beverage, health and beauty, jewelry, pet supplies, toys, etc.

Features:

• Track raw materials & finished products
• Automate customer process
• Get on-hand, committed, and expected stock levels
• Production planning
• Bundling & kitting tools
• Auto-generate batch and internal barcodes

Plans & Pricing:

Starter ($199/month): unlimited users, 1 location, 1,200 shipped sales order lines

Standard ($399/month): 3 locations, 6,000 shipped sales order lines, barcode scanning

Professional ($899/month): 10 locations, 18,000 shipped sales order lines, warehouse management

Professional Plus ($1,999/month): unlimited locations, 40,000 shipped sales order lines, priority support

5. SkuNexus

SkuNexus is an inventory software for retail shops. The platform integrates seamlessly with many eCommerce platforms and ERP systems.

Works for:

Retail/D2C, eCommerce, B2B/Wholesale, Manufacturing

Features:

• Multichannel inventory management
• Automated dropshipping
• Barcode solutions
• Custom workflows
• Order & warehouse management system

Plans & Pricing:

Custom plans – Price on request

6. Brightpearl

Brightpearl is an easy to manage inventory management software for retail stores. Merchants and retailers can easily complete tedious manual tasks and increase efficiency.

Works for:

ECommerce businesses, multichannel businesses, D2C/B2B/Wholesale businesses.

Features:

• Multichannel inventory & order management
• Complex order fulfillment
• Multi-location inventory management
• Smart forecasting
• Flexible return workflows

Plans & Pricing:

Custom plans – Price on request

7. InFlow Inventory

InFlow inventory management software for retail stores has the sleekest design. It is simple to use and promises business growth with its automated capabilities.

Works for:

 Small, medium, and large-scale businesses

Features:

• Stock tracking
• Reordering
• Barcoding
• Product organization

Plans & Pricing:

Light ($79/month): 2 logins, 1 location, 100 orders, 2 integrations

Standard ($199/month): 5 logins, Unlimited locations, 1,000 orders, 3 integrations

Plus ($499/month): 10 logins, Unlimited location, 100,000 orders, Unlimited integrations

Wrapping Up

Inventory hiccups directly impact the sale and profits for a business. Thus, retailers know the importance of managing and tracking stock levels. Digital tools such as inventory management software for retail stores can enhance business operations and bring efficiency.

We hope that the above-mentioned comparison of various retail inventory management systems will be helpful for you to choose one as per your business model and needs.

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