The reality is that, if you sell products, your inventory is literally the lifeline of your business. If you don’t have products, you can’t sell anything. If you cannot sell it, you won’t have profits. And why would someone want an unprofitable business?
Like with everything else, there are always exceptions. There’s a way to have a successful business without having a single product in inventory: it’s called Dropshipping.
That is why it is vital to achieving success that you can classify, send, and track your products in real-time.
In this article, we’ll tell you everything that inventory apps can offer your business. Also, we’ll present you with our top 6 inventory apps. That way, you can choose the one that best suits your needs and your finances.
What is the best way to track inventory?
Many entrepreneurs prefer to track their inventories through a spreadsheet. And while that’s a low-cost option, it can hinder your activities because of the few options and features it offers. To succeed, you will need more than Excel.
Some other business owners don’t even use Excel, they use the most basic old-school technique: pencil and paper. And while it works (it has worked for business owners for the longest time ever), it’s incredibly slow and tedious.
Managing your company’s inventory is more complex than some might think.
Sorting, storing, controlling raw materials, verifying final products, packing, labeling, shipping, and tracking are some tasks you need to run smoothly if you really want your business to thrive. And sometimes Excel and an old-school method just don’t cut it.
Thankfully, technology is here to help everyone to make this whole process easier.
Is there an app to keep track of inventory?
Yes, there is. As a matter of fact, there are more than just one app that can help you track and manage your inventory.
There are many inventory apps out there. This software is widely used by large manufacturing companies and wholesalers, but also by retail businesses.
Why are inventory apps useful?
Inventory apps, usually designed for desktops, smartphones, or cloud-based, can help you deal with many functions that will make life easier for you.
Their purpose is to facilitate the operation of your business and save you money.
These tools can predict a product’s demand to avoid excess items that anyone interested in your store. They also serve to identify the products that could attract your customers the most.
How to choose the best inventory app?
Not all apps are the same. Each one has a different price and exclusive features.
Choosing the best one for your business is not as easy as selecting the cheapest one or the one with the most attractive interface.
To be able to pick the correct one, you need to analyze each app and answer several questions:
- Do you need to access it through mobile devices or a computer?
- Are there limitations on the number of users?
- What functions are going to be useful to you?
- Can you customize the app by adding more features?
- Is it possible to integrate it with other platforms?
- Can you afford it?
The answers to these questions will guide you to the most appropriate inventory app for you.
The best 6 inventory apps
Now that you have all the tools to choose the right inventory app, it’s time to analyze the best ones.
TradeGecko is cloud-based and offers many customization possibilities.
E-commerce, wholesalers, and distributors can take advantage of all the features that this platform offers. Some of them are:
- Inventory control
- Shipment automation
- Inventory report creation
- Warehouse management
- Order management
- Sales reports
The app offers four plans: Founder, for $39 per month; Lite, for $59 per month; Small Business, for $159 per month, and Business, for $479 per month. Between one and eight users can use the app, depending on the whichever plan you choose.
TradeGecko offers the possibility to register to get a free 14-day trial.
You can also access the platform through iOS devices, get 24/7 email tech support, and the ability to integrate it with third-party platforms, amongst other benefits.
All this makes it one of the most complete software in the market.
2. Zoho Inventory
Zoho Inventory is one of the most affordable inventory apps, and it’s perfect for growing small businesses. This cloud-based platform can be managed by iOS and Android devices.
Among its features, you’ll find:
- Inventory update
- Barcode inventory management
- Add multiple warehouses
- Sales performance calculator
- Manage orders
- Track shipments and inform customers
- Monitor orders
This app offers four plans. The one you choose will depend on the number of orders and warehouses you manage. The first one is free, but it has limitations since it only allows you to add a warehouse and is available for a single user.
Each plan comes with additional functions. The Basic plan costs $39 per month, and 10 users can access it. The Standard is $79 per month for 15 users. The Professional plan costs $ 199 per month for 20 users.
This inventory management software allows you to integrate the functions of platforms like Amazon, eBay, and Shopify, as well as online payment solutions.
Cin7 is one of the most robust inventory apps and is available for iOS and Android devices. The possibilities you can achieve through its point of sale system integration is one of its greatest attributes.
The app is perfect for small, medium-sized, and large businesses alike. Some of its main features are:
- Inventory management
- Real-time stock control
- Point of sale system for retailers
- Shipment management
- Warehouse management
- B2B e-commerce
The app, though, is not cheap. The Starter plan costs $299 per month. You must request a demonstration if you want to know the prices of more advanced plans. The good thing is that you can access a 30-day free trial.
Additional benefits include the possibility of integrating Cin7 with accounting software, like QuickBooks, and e-commerce platforms.
Among inventory apps, Ordoro stands out for its emphasis on shipping. This web-based software also offers inventory and sales-automation tools and functions.
You will also find that you can integrate it with other third-party tools (such as e-commerce platforms, point-of-sale systems, and accounting programs).
Unfortunately, Ordoro doesn’t have a mobile app. But, very conveniently, it doesn’t restrict the usage to any number of users, nor does it have a limit on orders and shipments.
Among its available features you will find:
- Automatic inventory updates
- Barcode scanning
- Create and complete purchase orders
- Connect supply channels or warehouses to the app
- Create order tags
- View total revenues and costs
This app has three available plans. The first, Express, costs $59 per month. The problem is that it has no inventory functions; it’s limited to shipping tools.
The second plan, Pro, adds features that allow you to manage inventory but costs $499 per month.
A third plan, called Enterprise, is much more advanced and has more features. To know its price, you need to contact the company directly. They also offer a free trial.
If your business’s whole operation depends on a reliable shipping system, then this software is what you need.
Veeqo will adapt to any-sized business. This cloud-based software is available for desktop computers, iOS, and Android operating systems. With the mobile app, you will be able to manage your business remotely with several functionalities, like order, inventory, purchases, and shipment management.
Other system features include:
- Statistics generator
- Integration with third-party platforms
- Order management
- Return management
- Multiple-warehouse friendly
- Shipping-label printing
Veeqo has four plans available. Accelerator, which costs $156 per month, and guarantees access to two users. High Growth costs $202 and can be used by two people. Premium costs $260 per month and available for five users. If you want to know the cost of the fourth plan, Enterprise, you need to request it directly with the company.
In addition to the integration with other platforms and the generation of reports, another advantage of the Veeqo is that it synchronizes the inventory in your stores, websites, and online markets to avoid selling more products than those that you have in storage.
This solution helps you manage customers, suppliers, invoices, budgets, and purchase orders. The free version has other functions, like:
- You can manage illimited stores or warehouses
- Detailed inventory data
- Other apps integration
- Supplier management
- Purchase order creation
- Track shipments
If you can settle for 100 monthly transactions, and you don’t mind that only one user can access the platform, SalesBinder is the ideal software for your business.
If not, you can choose one of its other plans:
The Starter plan costs $9 per month, also for one user. The Bronze is worth $19, available for five users. The Silver plan costs $49 per month, and 25 people can access it. And the Gold costs $99 per month, with access for up to 50 users.
Other benefits for all plans include the iPhone app, CRM and billing functions, and the ability to scan barcodes.
Maximize your earnings with an inventory app
The success of your business depends on how you manage your products. Inventory apps allow you to manage the entire sales process efficiently, as well as helping you become more productive.
The functions they offer, the limit of users, integration with other platforms, and cost are the main factors that you should consider when choosing the best app for your business.
If you’re in the market for more apps that can help your business, we invite you to keep reading: