The role of logistics professionals in modern-day businesses cannot be ignored. That’s because they deliver essentials and other products promptly to their clients. But how do they keep track of their goods? With inventory management tools, of course!
So if you’re a professional who’s just joined this field, and wish to discover the best inventory control software applications, continue reading for more information below!
The 3 Inventory Management Tools
Choosing the perfect tool is difficult due to the range of such tools available. That’s why we’ve listed a curated list of tools you can choose from based on your needs.
Tracko.io
This advanced inventory control software application can help you make everything easy. You can enjoy its features like inventory management, barcode management, and inventory turnover tracking.
That’s why many companies have started utilising this software to track their stock and its availability during peak hours.
Advantages
- Great for reducing inaccuracies due to its accurate inventory management system
- Helps you streamline operational efficiency due to its accurate reports
- Includes receiving and shipping software that helps logistics companies maintain theory stock.
Disadvantages
- Initially, you will take some time to master this software.
- You will have to understand how to use the analysis reports to develop strategies to improve your operational agency. That’s because it cannot do that for you.
Kladana
It is a cloud-based inventory management tool.
You can use it effectively for small and medium-sized businesses. It has real-time tracking features with the help of which you can track your inventory. This software will also let you check for the unavailability of certain items by notifying you with relevant alerts.
If you are considering registering a start-up, it is of great use for you. You will get immediate notifications regarding the unavailability of stocks.
Advantages
- It provides accurate reports and visibility across multiple locations
- You can get automatic alerts in case of low stock. These last-minute alerts will ensure that you can avoid last-minute ordering and unwanted financial expenditure.
- It is easy to integrate this software on popular platforms and manage the flow of data
Disadvantages
- You need time to adapt to the styles and estimate the real value of your stock.
- Your team won’t be able to use this software in areas of poor network connectivity.
Zoho Inventory
You can use this cloud-based inventory management tools to track records from different mediums simultaneously. For instance, you can the number of products reordered through this app.
You can integrate this application with multiple software applications. This will help you maintain adequate stock levels.
Advantages
- It can be integrated with Shopify and Amazon
- You can control your order placements and shipping for speedy access
- It is cost-effective and is ideal for startups.
Disadvantages
- The features present in the app are not detailed enough to give you the right decision-making.
- It has limited customization options.
QuickBooks Commerce
This application is an effective inventory control software that includes all the components of order processing and improves customer management. It is reliable for all businesses that maintain accounting and logistic records.
This software application combines streamlined inventory and order management into one single interface. As a result, you can reduce your screen time and work on an individual system.
It keeps t inventory and accounting data stored in separate files. You can easily keep your important files saved in an individual folder.
You can get accurate reports from the management of sales and financial records. The order management features can track B2B and B2C orders easily. This helps the successful management of different products.
Advantages
- You can connect this software easily with other online logistics applications
- The interface is user-friendly and easy to handle
- You can easily handle your B2B orders
Disadvantages
- It allows limited changes for specific workflows
- You need to bear the high installation charges
Netsuite Inventory Control Software
It is Oracle’s personalised ERP suite and provides tools for inventory control and supply chain management. Due to its operational capacity and robust performance, it is a powerful weapon for many complex business solutions.
You can easily attend to multiple-location inventory needs with the help of this inventory management tool.
You can utilize NetSuite’s strong presence in the entire supply chain logistics with the help of inventory optimization.
This software can be directly used with the ERP software that can collect the relevant data from your business. So you can accurately analyze your inventory and supply chain status.
Advantages
- It collaborates directly with the other Oracle commodities
- You can find easy access and durability for the new companies
- You can gain access to multiple locations and predict due to the programming of advanced features
Disadvantages
- Due to the high price, many startup owners cannot afford the software.
- If you are utilizing the software for tracking lengthy and complex systems from production to the final shipping then add additional resources to it.
- It is complex and you will take time to bv understand how it works
Wrap Up
Inventory management is an important aspect of every business. So, if you want to improve your logistics, you can contact a professional company that can provide you with a proper inventory management tool for your business. All the best!
Visit our home-page for more information
