Published 11 Sep 2023
Top 10 Retail Inventory Management Software for 2023
Free version: Available for teams of up to 10
Pricing: Premium plan $24/month (with free 30-day trial period)
Platforms supported: Available on mobile app (iOS and Android) or a web-based software
Why Use SafetyCulture?
SafetyCulture is a digital tool available on mobile and web that can be used for keeping track of product stock in terms of quality and quantity. This is a handy app for companies that plan to move away from using paper forms and checklists when doing retail inventory, with its smart forms feature that automatically converts existing paper files into digital forms.
If you’re just starting out on your retail inventory management or looking for a tool that better fits your needs, the SafetyCulture templates library contains thousands of customizable templates for free. Store managers and supervisors can get real-time inventory reports that are automatically generated using the SafetyCulture mobile app immediately after an inspection is done. Inspections are also made easier by allowing customizations like media uploads, product SKUs, notes, logic queries, and location data.
This app can also be integrated with other retail inventory management systems to maximize workflow automation. SafetyCulture smart sensors work alongside the app to help track and maintain the quality of perishable products. The sensors can monitor temperature, humidity, and air quality. More features for these sensors are constantly rolling out. SafetyCulture also offers free customer support and educational resources for easier onboarding.
How to Use SafetyCulture as Your Retail Inventory Management Software
- Convert an existing paper checklist or create one from scratch.
- You can now use your digital form anywhere using your mobile phone or tablet even while offline. You can also distribute the form to the appropriate personnel through the SafetyCulture form app.
- Once completed, the data from the digital form is automatically uploaded to the cloud to serve as your backup. If your inspection or assessment was done offline, the data will automatically sync the next time you connect to the internet.
- You can generate digital reports of your completed forms even while offline. These reports can also be distributed automatically to select personnel once a form or template is successfully completed. Reports can be exported in various formats for distribution.
- Lastly, SafetyCulture form builder can be integrated with external Business Intelligence tools such as Tableau, Power BI, and Excel Online to automate your workflow each time a form is completed.
Why use Ordoro?
Ordoro is a web platform that manages the end-to-end process of product sales. This system includes an extensive product inventory management feature which fits seamlessly with shipping, kitting, drop shipping, automation, barcode scanning, suppliers analytics, insurance, and returns. The goal of Ordoro is to deliver an automated software solution that continuously updates product information.
Ordoro retail inventory management is for you if your business is medium to large-scale, featuring an inventory control center that can be used as a link to multiple selling channels and also as a hub for your suppliers. The max export quantity is a feature that creates an illusion of scarcity. For example the total stock available is 50 but with this tool, it limits the product quantity available such as 10 in your shop and replenishes it automatically. Overall, Ordoro is an all-in-one system that leans toward the expensive side, so make sure that you can maximize all its features.
- Inventory control center
- Sync inventory data
- Restock notification
- Max export quantity
- Barcode scanning
Free version: Available
Pricing: Starts at $59 per month
Platforms supported: Available on Web and Desktop (Mac & Windows))
Why Use inFlow Inventory?
Similar to Ordoro, inFlow inventory is a digital tool that helps manage product inventory. The key difference is that it has a simpler and cleaner software design. This retail management inventory software includes additional features such as sales and invoicing. inFlow promises to keep your business running smoothly through its automated capabilities.
inFlow caters to small, medium and large-scale businesses. The inventory management feature is included for all plans unlike the previous tool, Ordoro. Choose this application if you need to integrate an extensive inventory management software to your existing e-commerce storefront.
- Stock tracking
- Product organization
- Light - $79 per month for 2 team members, this plan is limited to 1 location, 100 orders, and 2 integrations
- Standard - $199 per month for 5 team members, this plan allows use for unlimited locations, 1,000 orders, and 3 integrations
- Plus - $499 per month for 10 team members, similar to the standard plan, unlimited inventory locations are available; Plus accounts can fulfil 10,0000 orders per month and use unlimited integrations.
Free version: Available
Pricing: Starts at $79 per month for 2 team members
Platforms supported: Available on Web, Mobile (IOS & Android), and Desktop (Windows & Linux))
Why Use PartKeepr?
Partkeepr is an open-source retail store inventory management software. The source code available on their website provides the basic features needed for tracking product stocks. The design of the downloadable source code is reminiscent of the past decade but could be changed with a few tweaks within the source code.
Business owners and employees that are knowledgeable in coding software and developing applications can save up on costs with Partkeepr. The strong point of this software is the highly flexible but time-consuming programming options. It is for you if you want to customize your own inventory system or program design is the least priority. Consider, however, that employees might need extensive training before rolling this inventory system out.
- Stock tracking
- Data focus
Free version: Available
Pricing: Not Available - PartKeepr is an open-source software solution
Platforms supported: Available on Desktop and Mobile
Why Use Shopify?
Shopify is an e-commerce platform that allows users to list their products and services online. This virtual storefront can help you build your brand and manage your product listings more efficiently. Spend less time creating your online store by choosing from available templates or start from scratch easily using Shopify’s uncomplicated interface.
It’s important to note that the focus of Shopify is creating and designing online storefronts for businesses and artists. It includes retail inventory management as an extra feature. Online sellers should use this app if they’re planning to move their business to an exclusive online platform. Shopify enables freedom and flexibility for business owners while offering features such as inventory of available products and summary of fulfilled orders.
- All-in-one e-commerce platform
- Unlimited product listings
- Inventory tracking for products
- Multiple users
- Customized domain
Free version: Not available, but there is a free trial
Pricing: Starts at $29 per month
Platforms supported: Available on Web, and Mobile (IOS & Android)
Why Use Sortly?
Sortly is a straightforward retail inventory management software that makes the process easy for beginners. Unlike the previously mentioned applications, Sortly can also track raw materials along with other products. This inventory management app can generate QR and barcodes for products and other goods for easier and more efficient tracking and recordkeeping. Data entry fields can be customized to only track what’s important or what needs to be monitored at any given time. Inventory report data can then be imported and exported in bulk via CSV.
Sortly is recommended for new businesses since Sortly has a user-friendly interface that’s easy to learn. It’s available on mobile devices and on the web, with support for popular web browsers. The software is an ideal option for businesses that track stock and inventory. Users also have the option to easily integrate the software with their existing systems, but it also works well as a standalone inventory management system if the business doesn’t need a POS or accounting system.
- QR and barcode item tracker
- Automatic stock alerts
- User and inventory activity tracking
- Multiple currencies
- Multi-location support
- Inventory report creation and customization
Free version: Available
Pricing: Starts at $49 for 3 users with 2,000 entries and unlimited QR codes
Platforms supported: Available on Web (Mac & Windows), and Mobile (IOS & Android)
Why Use RightControl?
RightControl is a reliable and straightforward retail inventory software. This retail inventory management software is only available using personal computers, with a software design common to popular business software systems. The features of this software are limited to keeping track of inventory.
RightControl is for intermediate users that are used to older software. This is recommended for small and medium-sized businesses due to the pricing and limited locations. This system can’t be integrated with other software as well, which is a requirement for most large companies or established businesses. RightControl offers the basic needs of retail inventory management software, but lacks a web platform and other additional features.
- Stock tracking and control
- Sales tracking
- Inventory reports
- Supplier list
- Search item within the system
Free version: Available
Pricing: Starts at £0.99 monthly for 1 terminal and user; 300 inventory lines
Platforms supported: Available only on Windows
Why use Revel?
Revel is an all-in-one retail POS system that offers hardware and software. The retail inventory management feature works alongside their other features such as delivery and employee management. Retail inventory management is made easy due to real-time stock availability and the ability to generate purchase orders when stocks are low.
Revel retail store inventory software system fits all sizes of businesses. This application is for your business if you need to incorporate a POS system with inventory management features for your physical stores. Restaurants can also greatly benefit from this type of retail inventory management software due to additional features such as tableside ordering and floor plan and table management. Contact Revel for the customizable features.
- Extensive inventory management
- Low stock alerts
- In-app barcode tool
- Reporting and analytics
- Activity sync from mobile app to web platform
Free version: Not Available
Pricing: Starts at $99 per month
Platforms supported: Available on Web, Software (Windows and Linux), and Mobile (IOS only))
Why Use ShopKeep?
ShopKeep is a complete POS system by lightspeed that features a retail inventory management feature. ShopKeep focuses on actual sales and product stock. The app’s inventory tab is customizable and adding new products can be done manually or by uploading a csv file. The items in inventory can be organized per department, category, and supplier which helps save time and prevents issues with the product.
Shopkeep is more an online storefront platform than an inventory management software, but it is a feature. This software is an excellent option for any business that needs a POS system that can also handle stock inventory. The basic account’s features are not as limited as other POS system software alternatives, which makes ShopKeepgreat to get started with.
- Bulk SKU importation
- Privacy of sensitive inventory data
- Organized inventory overview
- Inventory value reporting
Free version: Reach out to Lightspeed for more information
Pricing: Starts at $69 per month for 1 registered license
Platforms supported: Reach out to Lightspeed for more information
Why Use Vend?
Vend offers a retail inventory management software that can work with other POS systems. This is similar to other previous apps with inventory features such as stock control and multi-channel inventory if your business lists products on different platforms. Vend is available using the mobile app and web platform.
The pricing for Vend is above average for almost the same features as previous retail inventory management software. However check if the user design experience resonates with your business more.
- Stock control
- Multi-channel inventory
- Product lookups
- Integration to e-commerce platforms
Free version: Not Available
Pricing: Starts at $99 per month for 1 location and and selling station
Platforms supported: Available on Web, Desktop (Mac & Windows), and Mobile (IOS only)
The retail industry handles various types of goods such as clothing, appliances, and perishable items. Because it manages large volumes of products, changes in stock availability can easily be mismanaged. Digital tools aid businesses to efficiently manage day-to-day operations such as tracking inventory. Help your employees complete inventory tasks quickly and accurately by using a retail inventory management software.
What is Retail Inventory Management Software?
Retail inventory management software is a digital tool that enables efficient and accurate reporting of product inventory. A retail inventory management app should be able to keep things under control and improve sales productivity.
Benefits of Using a Retail Inventory Management Software
Retailers know the importance of inventory, situations such as running out of stock can impact the profit for the day; if there’s no products available then there won’t be any sale for the day. Digital tools such as retail inventory management software are made so that businesses can spend less time on tracking stocks for products. The main advantage of digital retail inventory tools is that most offer low stock alerts. These software also ensure that inventory and product data will be accurate, these data can negatively affect business operations if errors are made. Another advantage is that some inventory management applications can keep track of not only the quantity of inventory but also the quality of products such as SafetyCulture’s smart sensors. Overall, incorporating digital inventory tools over manual options is gaining the ability to automate and keep the business running efficiently. Whichever retail inventory management application your business uses from this list will surely help you achieve a lean business.