Published 27 Oct 2023

The 10 Best Laboratory Inventory Management Software of 2023

a lab technician checking chemicals inventory using a laboratory inventory management software

What is Laboratory Inventory Management Software?

Laboratory inventory management software is a digital tool specifically designed to efficiently track, monitor, and manage the laboratory’s assets and supplies. With the help of digitization and automation, routine tasks like reviewing expiration dates, ordering, and re-stocking are streamlined. The system is advantageous to healthcare facilities, pharmaceutical businesses, and testing laboratories in optimizing their resources, minimizing wastage, ensuring regulatory compliance, and ultimately enhancing the efficiency of their workflows. 

Benefits

Before digital solutions, laboratories would make manual inventory logs of every piece of a test tube, a bottle of reagent, or a microscope, taking note of specific chemical names, quantities, expiration dates, last maintenance or calibration work, and so on. Aside from being time-consuming, the practice was also prone to human error.

Laboratory inventory management software streamlines all these processes with the help of features like digital templates, barcode scanning, and GPS location tracking, detailing salient inventory information. Full visibility into the operations helps managers forecast demands, prevent excess and utilize resources better. Collaboration is also enhanced as notifications and alerts are sent to all relevant personnel when supply restocking or machine calibration is due.

There is no need to review paper trails when regulatory bodies request the submission of compliance documents. Thanks to automated reports generated from the digital inspection templates, technicians can efficiently accomplish the task and send complete reports with media attachments.   

Best of all, laboratories can adhere to best practices like FIFO (First In, First Out) or JIT (Just-In-Time) inventory management systems, controlling costs and guaranteeing top-notch results every single time. 

Key Features

There are digital solutions with laboratory-specific applications. There are also generic management platforms with functionalities that reinforce your current inventory methodology. Whichever you go for, make sure it has the essentials:

  • Checklists and templates for routine inventory
  • Real-time monitoring
  • Stock and usage tracking with barcode scans
  • Asset management
  • Usage tracking
  • Supplier management and automated reorder points
  • Collaborative tools
  • Reporting and analytics
  • Compliance assurance
  • Integration with third-party apps (LIMS laboratory information management systems)
  • Mobile Accessibility

Choosing the Right Laboratory Inventory Management Software

The digital solutions described above are all highly recommended, enabling your personnel to accomplish their supplies and equipment inventory tasks efficiently. Below is a table of all ten options for a quick review:

Laboratory Inventory Management Software Free Version Paid Plan Mobile App
SafetyCulture Yes $24/user/month* Yes
Quartzy No $159/month for 5 users* Yes
LabCollector Yes (up to three users) $3,900 licensing fee
for 5 users
Yes
BIOVIA CISPro No Contact for pricing No
LabWare No Contact for pricing Yes
Labguru No Contact for pricing Yes
LabVantage No Contact for pricing Yes
eLabInventory No €14.50 (≈$16)/user/month Yes
Benchling Yes Contact for pricing Yes
LabSuit Yes Free No

* billed annually

Eunice

SafetyCulture staff writer

Eunice Arcilla Caburao

Eunice is a content contributor for SafetyCulture. A registered nurse, theater stage manager, Ultimate Frisbee athlete, and mother, Eunice has written a multitude of topics for over a decade now.

Eunice is a content contributor for SafetyCulture. A registered nurse, theater stage manager, Ultimate Frisbee athlete, and mother, Eunice has written a multitude of topics for over a decade now.