8 best inventory management systems to totally check out in 2024

Maintaining a healthy supply chain is very much important for the success of a business. You need to keep a tab of what is in stock, what is not, which part of your stock is in high demand and more.

Having said that, we all know that running these activities manually is simply out of the question. You will need an efficient inventory management system in place. A good inventory management system should be able to let you track your stocks in real-time, ensure seamless transactions and help you reach your company's inventory goals.

So, are you looking for a reliable inventory management system that checks these boxes? You are at the right place. In this article, we discuss the 8 best inventory management software systems that the market of 2024 has to offer.

Table of Contents

• 8 best inventory management systems of 2024
• Retable
• NetSuite
• Zoho Inventory
• inFlow
• Ordoro
• Cin7 Omni
• Fishbowl
• ecomdash
• How to choose the best inventory management system for your organization?

8 best inventory management systems of 2024

After conducting thorough research on some of the best inventory management solutions in the market, we have shortlisted the 8 best solutions that will truly help your business shine.

1. Retable

Retable. io is a powerful database and workflow automation platform that is a great choice for small and medium businesses to manage their inventory at reduced costs and increased efficiency. With retable.io you can create an inventory management template in a few clicks to monitor expenses, track sales orders from customers, purchase orders from suppliers, transportation and more on a single platform. This inventory management system even lets you summarize all the data, convert it into various formats like Kanban, calendar etc. and generate insightful reports. 

Here are some of the best features of Retable.io

• Real-time team collaboration 
• Unified workspaces
• Advanced data views
• Integration with 1000+ apps via Zapier, Make.com and Pabbly
• Online forms
• Easy charts to create reports

Pros

• Highly customizable 
• Easy team collaboration
• Real-time notifications
• No-code solution

‍Cons

• Being a young platform, there will be constant updates. 

Pricing

• Pro plan starts at $12 per month. 
• Team plan starts at $30 per month. (included 3 users, +$12 per additional user.)
• Contact Retable.io team for Enterprise plan.
• One-week free trial is available.

2. NetSuite

NetSuite is a one-stop solution for all your inventory management needs along with accounting and marketing. Acquired by Oracle in 2016, NetSuite has grown to be the provider of powerful inventory management systems fit for any organization irrespective of their size. This cloud-based inventory management system unifies the back-office and financial processes and brings it on a single dashboard.

Some of the best features of Netsuite include:

• Production Identification
• Multi-warehouse support
• Order management
• Supply chain management
• Drop Shipping option

Pros

• Highly customizable
• Search bar to easily look up anything related to inventory

Cons

• Steep learning curve
• Expensive

Pricing:

• You can contact the Netsuite team for a quotation

3. Zoho Inventory

Zoho Inventory is yet another solution from the Zoho suite that is helping businesses grow rapidly. This inventory management system of Zoho lets you seamlessly work on multiple tasks like managing orders, handling GST billing, monitoring the warehouse and more.

Some of the best features of Zoho Inventory include:

• Save GSTINs
• Multi-channel support for Amazon,eBay, Etsy, Shopify etc.
• E-Invoicing
• Inventory Tracking
• Barcode Scanning
• Reporting

Pros

• Wide range of integrations
• Easy to set up

Cons

• Cluttered interface
• Customer support system is not up to the mark

Pricing

• Standard plan starts at $59.
• Professional plan starts at $99
• Premium Edition starts at $159
• A free version is also available

4. inFlow

inFlow is an excellent inventory management system for manufacturers, online vendors, B2B wholesalers and retailers. This platform provides a central inventory database and further amps up your activities through business intelligence reports. With inFlow's cloud-based inventory management solution, you can easily track stock and costs across multiple locations, generate and scan barcodes, set approval limits for purchase orders, connect with 35+ e-commerce platforms and more.

The following are some of the best features of inFlow:

• Vendor payments, order histories and purchase orders
• Barcode scanning
• Inventory Control
• Dropshipping
• Push purchases to Quickbooks Online
• Balance and credit tracking

Pros: 

• Intuitive and easy to use
• Easy to set up
• Great customer support team

Cons:

• Editing capabilities are glitchy
• No exporting options
• Expensive

Pricing

• The Entrepreneur plan starts at $89 per month. 
• The small Business plan starts at $219 per month. 
• The Mid-size business plan starts at $439 per month. 
• For Enterprise plan details, contact the team. 

5. Ordoro

Ordoro is an all-in-one platform that helps you grow your online business. Ordoro optimizes your fulfilment workflows with bulk shipping label creation, offers omnichannel inventory management, automates drop shipping procedures, connects your sales channel and more to help you track your stock and monitor it. With an inventory management system like Ordoro, you can be up-to-speed with your inventory details across all channels, warehouses and suppliers. 

Here are some of the best features of Ordoro:

• Advanced analytics
• Barcode Scanning
• Shopping and order management
• Dropshipping management
• Integration with BigCommerce

Pros:

• Very easy to use
• Reliable customer support

Cons:

• Does not offer integrations with important platforms like Amazon
• APIs can be better

Pricing:

• The Advanced plan starts at $59 per month. 
• The premium plan starts at $ 149 per month. 
• Ordoro charges $50 for each add-on module. 
• A free version is available as well. 

6. Cin7 Omni

Cin7 is one of the most popular inventory management software in the market that abides by the requirements of modern businesses. It is a fully integrated, cloud-based inventory management software and Enterprise Resource Planning (ERP) solution. Cin7 is suitable for all types of businesses like B2B, B2C, online stores and more. With such an inventory management system in place, you can connect and track products, sales channels, stock locations, warehouses, and workflows.

Here are some of the best features of the Cin7 Omni:

• Multi-channel support
• Retail Management
• Reports and analytics
• In-built B2B functionality
• Forecasting and kitting feature

Pros:

• User-friendly and intuitive
• Reliable customer support

Cons:

• Increased loading time
• Sloppy integrations

Pricing:

• Contact Cin7 for a quotation.

7. Fishbowl

Fishbowl is one of the best inventory management software solutions for growth-stage startups and growing companies. This inventory management system focuses more on inventory automation. The work order system in Fishbowl lets users create and share orders to streamline a myriad of tasks.

The following are some of the most popular features of Fishbowl:

• Integration with Quickbooks
• Multichannel inventory syncing
• Inventory costing
• Inventory tracking
• Shipment Integration
• Barcode printing and scanning
• Warehouse Inventory Transfer
• Client management

Pros

• Easy learning curve
• Seamless integrations

Cons

• Limited customization
• Reports are not very reliable

Pricing:

• Contact Fishbowl Inventory for a suitable quotation.

8. ecomdash

Ecomdash is a reliable cloud-based, multi-channel inventory management solution that lets you manage inventory, orders, shipments, and more from a unified admin panel. If you are maintaining a small or medium-sized inventory, then ecomdash is the perfect inventory management software for you. 

Here are some of the best features of the solution that really help businesses fulfill their requirements.

• Multichannel inventory management
• Centralized Inventory Database
• Inventory Forecasting
• Integrations with Wooommerce, Shopify, Amazon etc.
• Product SKU Mapping
• eCommerce API

Pros

• Intuitive tracking feature
• Seamless integrations

Cons

• Very basic and unappealing interface
• Unreliable support
• Expensive pricing plans

Pricing

• Contact ecomdash team for a quotation

How to choose the best inventory management system for your organization?

There you go. The aforementioned were the 8 best inventory management systems in the 2024 market. Now, how do you select the right inventory management software for this lot? Here's what you can do. Jot down your goals and the requirements that you expect your inventory management system to fulfil. Now, compare them with the features of these 7 solutions. Do they check all your boxes? Well, then, don't look further, you have found the right inventory management system for your business.