Inventory management software is helpful for all business types, irrespective of their size. Such software helps keep track of stock sourced, sold, or left in the inventory in real-time. However, not all inventory management software works the same. Each comes with unique features that cater to different industries. To help select the right product for their business needs, companies must know the different types of inventory management software and their features.

Zoho Inventory – Best for small to medium businesses
Several small and medium business owners have adopted Zoho Inventory as their primary tool for inventory management. Using the software, a business can track stock at multiple warehouses, monitor the movement of each product, and even check which batch is due to expire with the help of unique identifier codes. The free version allows up to two users to manage one warehouse. Business owners also get 50 orders, shipping labels, and Aftership trackings. Other plans range from $59/mo. to $239/mo. and offer premium features that work perfectly for a growing business.

Upserve – Best for restaurant inventory management
Upserve makes inventory management easier for restaurants. Businesses can manage online orders, manage the workforce, and even handle POS services seamlessly. Further, Upserve offers features that allow restaurant owners to calculate recipe costs and margins by monitoring price fluctuations for each ingredient in real-time. The software also helps create supplier lists, catalog restaurant items, and create purchase orders through barcode scanning. Such features help restaurant owners maintain a stable flow of supplies and save time. The starter plan is available for $59/mo. However, one can subscribe to the Pro plan for $199/mo. or the Elite plan for $359/mo. Bear in mind that all plans require an Upserve POS, which is available at an additional cost based on the subscription plan.

Ordoro – Best for eCommerce operations
Ordoro is a popular inventory management software for managing eCommerce inventory. It enables business owners to connect to multiple business channels, assign barcodes to products, and create kits. Further, it automatically tracks, syncs, and updates the inventory quantities in real-time. These features enable business owners to track and issue timely purchase orders and avoid potential delays in supply. Other features such as easy batch printing of labels, selection of shipping carriers, and safe, cost-effective USPS shipping make the software worth the investment. The Express plan is currently free as part of a limited-time Holiday Promo. It includes features like no SFP fees, unlimited users, discounts, barcode scanning, and more. Larger eCommerce businesses can subscribe to the Pro plan starting at $499/mo. or the enterprise plan starting at $999/mo.

Lightspeed – Best for retail stores
Lightspeed’s inventory management software offers a fully integrated retail POS. It enables owners to synchronize inventory from multiple physical outlets to a single eCommerce store. Other features include creating an up-to-date locations page to direct customers to physical stores. The software’s built-in tools improve the brand’s SEO, increase site traffic, and ultimately drive sales. With Lightspeed’s inventory management offering, business owners can set appointments with customers and invite them to the store to shop at a specific time. The feature makes for uniformed footfall in each store and avoids unnecessary delay or overcrowding. Retail owners can subscribe to the monthly plan starting at $79/mo. One can also opt for the annual plan starting at $69/mo.