The platform can support multiple inventory management control techniques, barcode scanning, FIFO rules, kitting, drop shipping, and inventory returns.įor your operations, it’s best to think of Cin7 as a complete enterprise resource planning (ERP) tool with built-in inventory management software. It’s a powerful option with a broad range of tools.Ĭin7 says it is currently used by many B2B and B2C brands, with options to adjust stock and inventory rules based on customers. You can use it to manage both in-store and online sales, related inventory for multiple channels and locations, and related accounting tasks. The platform makes automation simple, and it is generally targeted to growing and established companies pushing revenues beyond $1 million. Cin7Ĭin7 provides a comprehensive business management suite that includes inventory management software capabilities. Here’s our quick overview of what’s available. The best thing to do is build a shortlist and then ask each vendor precisely how they meet your needs and help you grow. Some may fit your business, while others are far too simple or complex. Below you’ll find a mix of tools, large and small. So, we’ll look at a representative sample of what’s out there. Nearly every spot in between has a tool focused on it. Other tools work great for a single warehouse and small order volume, while some aim just at drop shippers. Some systems are incredibly intricate and can manage inventory from manufacturing to multiple warehouses and orders across dozens of channels. Inventory management software varies greatly. 7 examples of inventory management software options We’ve found seven options that can help you understand differences and nuances to guide your decisions. To get started, we’ll look at some of the different options in the space. Find what fits your needs, including time and talent constraints. The best, most expensive tool is a waste if it takes too much time, or your staff can’t get it to work right. What you want, whether it’s advanced software or a spreadsheet you print out, is a solution that you understand and use. Organization and use of inventory are critical to eCommerce success. Learn the basics of Inventory Management Optimization here That saves money by trying to move what’s been sitting on the shelves for too long. Inventory tools can also inform where you want to market or if it’s time to discount a product. Knowing this allows your business to understand if it can support the current sales volume. Tools track what’s currently in stock, filling orders, and returning. They’ll see what you’ve got ordered and on the way to your warehouse. The most exciting aspects of inventory tools are their ability to track your goods in multiple stages. So, the question is, what sets inventory management software apart from other tools you may have. At its simplest, inventory management software is a tool a company can use to track inventory on-hand, what it’s using in sales and orders, and what is needed to replenish that stock.