Once upon a time, it was entirely feasible to manually keep track of your inventory – but like the era when you could buy gasoline for under a dollar a gallon, those days are long gone.
In today’s world, you need tools to track your inventory effectively.
The good news is there are a lot of retail inventory tracking software options out there.
The bad news is there are a lot of retail inventory tracking software options out there.
Having options is great, but having too many options can lead to analysis paralysis, causing you to never pick an inventory tracking software solution for your business. Or even worse, choosing the wrong one.
The good news is, today we’re going to explore 19 of our favorite retail inventory tracking solutions to help you narrow down the field.
We’ve got a little bit of everything on the list – from solutions for small businesses to major corporations, from services that cater to specific industries to all facets of retail.
From simple Point of Sale systems to complex modular software that can be configured in a multitude of ways, you’ll find something that fits your needs here – or at least gives you a starting point on your quest to find the perfect solution for your business.
What is Inventory Management Software?
If you think inventory management software just keeps track of your inventory, let me be the first to tell you that things have changed.
Today’s inventory software will not only keep track of your stock levels but will also perform a wide variety of other duties.
In practical terms, inventory management software is a tool that helps you track, manage, and organize all the various components of your business’s inventory. From product sales to material purchases, to all of your production, inventory management software will help you stay on course.
Today’s inventory management software integrates with ecommerce software you already use to provide even more benefits, like Point of Sale, cart systems, and marketing tools.
With so many options available, there really is an inventory management software solution that’s perfect for your business.
Is Retail Inventory Tracking Software Worth the Investment?
If you’re cost-conscious, you may find yourself wondering if retail inventory tracking software is worth the financial investment.
While we can’t speak for everyone, our answer, in general, is a resounding yes.
The current market features inventory tracking software for basically every budget. There are free options, there are options with monthly price tags that will make your wallet weep, and everything in between.
Think beyond the cost, though. SkuVault tells customers their inventory management service will pay for itself in 90 days.
And this article, from Entrepreneur, states, “Companies can increase their profitability 20 to 50 percent or more through careful inventory management.”
At this point, the question starts to shift from, “Is retail tracking inventory software worth the investment?” to “Can I afford to not invest in retail tracking inventory software?”
If your business is serious about remaining competitive, then inventory management software is essential. It will help you save money, increase efficiency, and allow employees to do less administrative busywork and instead focus on tasks that can further advance your business.
19 Great Inventory Tracking Software Products to Consider
And now that we know what retail inventory tracking software can do for you, let’s look at some of the best options available on the market today.
SkuVault is a leading inventory management software product designed to help ecommerce sellers manage their inventory and streamline their warehouse operations in order to increase efficiency and profitability.
The software can fully automate your inventory management process, removing the need for the manual practices that were required in years past.
Packed with features, here are just some of the ways SkuVault can make your inventory management better.
- Multi-warehouse Inventory Visibility
- Powerful Reporting Tools
- Barcode Scanning
- Paperless Picking
- Fulfillment by Amazon Integration
That’s just the tip of the proverbial iceberg.
SkuVault was designed to give you every advantage when it comes to managing your inventory.
The product comes with a robust support team to get you up and running quickly with live training, plus email, phone, and chat support.
2. Epos Now
If you’re looking for a retail management solution for a small to mid-sized company, Epos Now is one that should certainly be on your radar.
Not only does Epos Now feature a Point of Sale module, but it also offers up a diverse suite of additional tools, including:
- Customer Management
- Inventory Management
- Retail Accounting
Epos Now is a cloud-based app that’s compatible with Windows, Mac, Android, and iPads. It’s used in a wide range of industries (including grocery, home décor, sporting goods, and more), and can easily migrate your data, customers, and product information into the new system as part of the implementation process.
3. Oracle NetSuite
Oracle is one of the most well-known names in modern tech, so it should come as no surprise that NetSuite is one of the biggest names in retail inventory management software.
NetSuite is packed with features, including Supply Chain Management (SCM), Customer Relationship Management (CRM), Just-in-Time Inventory, low stock notifications, and more.
Even more impressive is that the software is completely customizable and scalable thanks to a modular approach. Because of this, you won’t have to pay for things you won’t use, don’t want, or will never need.
This is a good thing because one of the biggest negatives about NetSuite is the price. A NetSuite software license starts at $999 and only goes up from there. Add in the cost of a tech team to manage it and it quickly becomes too expensive for many companies.
That being said, if you can afford the price and have the team to oversee operations, NetSuite can be a game-changer.
If you’re looking for an inventory management solution that offers both cloud or on-premise options, Acumatica may meet your needs.
This easy-to-use solution offers a streamlined interface, mobile (both iOS and Android) options, and is easy to use.
It’s loaded with a lot of the same features as NetSuite, but is also fully scalable, making it useful for even mid-sized businesses.
And like Oracle’s product in this space, Acumatica is not particularly cheap. Entry-level pricing is $1,000 and only goes up as you add more bells and whistles.
The price might seem steep, but with Acumatica, you’re getting a world-class retail management inventory system – and that justifies the price tag. If you can get past the sticker shock, this is a great option.
If you run a restaurant, bar, food truck, or other eating establishment, Shopkeep could be the answer to your prayers.
This Point of Sale system offers touchscreen functionality when paired with a tablet (iOS and Android compatible), and offers a multitude of features including:
- Barcode Scanning
- SKU Management
- Built-in Register
- Cash Drawer Management
- Connects with Card Readers and Receipt Printers
On top of that, Shopkeep also offers employee management tools, allowing you to track payroll, allow employees to clock in and out, and calculate your payroll costs.
All in all, Shopkeep provides a great all-in-one solution for companies in the food service industry, but it can fit your needs in other sectors too.
It may not have all of the features of its pricier competition, but this is a solid Point of Sale system.
6. Toast POS Software
Keeping with the food theme, we next come to Toast, which is another POS software product aimed squarely at the restaurant industry.
Toast POS Software features include:
- Online Ordering
- Mobile App Ordering
- Contactless Payment
As Toast is cloud-based, it’s secure and accessible from anywhere. The mobile phone interface (iOS and Android) is easy to use and streamlined for a better experience.
Toast will help you manage your inventory, set your menus, find opportunities, and manage all of your back-of-house issues with one software solution.
This is, quite simply, a one-stop service for people in the food service industry.
7. EZ Office Inventory
If you’re looking for a broader solution without the eye-watering price point of NetSuite and Acumatica, then EZ Office Inventory might be worth considering.
This retail inventory management software is available as a cloud-based or Software as a Service (SaaS) solution and provides all the standard things you’d expect to find in this sort of product.
EZ Office Inventory offers:
- QR Codes
- Spreadsheet Importing
- Stock and Location Tracking
The best part? You can try it free for 15 days. If you decide it’s the right choice for you, pricing starts at $29.99 a month.
So, what’s the catch? The only real downside to EZ Office Inventory is that their support isn’t as great as it could be (it’s all relegated to online queries), and the coding of the software occasionally lags out pages.
Those issues are pretty minor, especially at this price point – and given time, we expect EZ Office Inventory to become an even better product.
8. Talech Register Software
Next up, we have another cloud-based restaurant, bar, and retail Point of Sale system.
Talech Register Software not only offers up POS solutions, it also features customer and inventory management tools. It provides detailed analytics so you can stay on top of your business without having to juggle a thousand spreadsheets.
With the cloud option, you can access your data from anywhere, but if you prefer an on-site solution, that’s an option as well.
The software is tablet-compatible and offers up a robust series of features for restaurants, but also has a unique interface for retail locations too.
The real selling point here is the analytics, which even offers up an email marketing solution to help you keep your customers engaged.
Overall, Talech Register Software is a full-featured POS/inventory management solution that can benefit both restaurateurs and retailers alike.
Are you a small or medium-sized enterprise (SME) that doesn’t need all the options offered by companies like Oracle? Then Multiorders might be the solution you’ve been looking for.
Multiorders is a great retail inventory management software for small businesses that may not have huge inventories or product lines to track and are just looking for a simple and affordable inventory management solution.
The downside is that Multiorders doesn’t feature all the cool things its bigger, more expensive counterparts offer. If you need things like barcode creation and the like, you’ll wind up needing a different service or using more than just Multiorders to achieve your objectives.
Do you want a fully automated inventory management solution that can handle 25,000 orders per hour that will also connect with most major eCommerce platforms? Then Brightpearl is something you should check out.
This one covers all the basics, but can also provide cross-channel reports, help you monitor your supply chain, and also offers things like profitability by SKU.
If you’re wondering what the downside is, it’s that the web and iOS devices are only available as a cloud system. This might not be a dealbreaker for you, but it is definitely a negative for many companies.
Vend is another great option for SMEs, offering up a lot of functionality at an affordable price point.
What does Vend offer to its customer? Let’s dig in.
- Point of Sale System
- Customer Analysis Tools
- Inventory Management
- Payment Processing
Even more interesting is that it uses its own algorithm to scour social media for mentions of your company and product, so you can actually interact with your customers (and maybe not have to hire a full-time social media manager…)
Vend offers you all of this for just $99 a month. At that price, it’s a really great option for small-to-medium-sized companies.
The absolute biggest selling point for Zoho is the price. For just $29 you can start utilizing this easy-to-use inventory management system.
And while that’s a bargain, there are a few caveats. Zoho doesn’t work as a standalone – it integrates with third-party software. So, you’ll only be paying $29 for Zoho, but there will be other purchases involved.
On top of that, the app only works with iOS devices – which will be disappointing for Android fans.
It’s also not as fully featured as its competitors, but for $29 that’s to be expected. If you’re a small business with a POS system already in place, Zoho might be a good option. Those looking for an all-in-one solution would be advised to look elsewhere.
TradeGecko offers a lot of functionality – and comes in a tiered package approach that could save you money depending on the size of your team.
This versatile software will allow you to do all the standard things traditional inventory management software does, and it adds in expiry tracking to make it easier to keep track of expiring inventory before it’s too late.
With packages starting at $79 a month for two users and going up to $799 for teams of over 15, there’s a potential discount for smaller companies.
If you’re a team of under 15, TradeGecko is a really good deal. The software offers a lot of tools at an affordable price. If your team is over 15, you’ll probably want to explore all the options given that price point.
We’re not sure why every inventory management solution provider chooses the strangest names imaginable, but we’re not going to hold that against Delivrd.
Delivrd is a potential inventory management solution for very small companies. It offers a free service, which will track up to 25 SKUs and one location (we weren’t kidding about the small company part…) or a $50 per month option that features more bells and whistles.
The potential downsides here are that Delivrd is only a cloud-based application and only has plugins for Shopify and WooCommerce. If you’re using Shopify or WooCommerce, this might be an option. If not, and you still want to try Delivrd, you’ll have to manually integrate.
15. Upserve Software
Upserve used to be known as Breadcrumb (and we’ll be honest – we liked that name better), but despite the name change, you’re still getting the same great restaurant management software solution in this package.
Utilizing an iOS or Android POS system, Upserve delivers:
- Automated Inventory Management
- Sales Analytics
- Shift Notes Function
- Check Splitting
- Table Management Tools
And that’s really just the beginning. Upserve can help you manage your restaurant and stay out of the weeds in both the front and back of the house.
You can get Upserve through a monthly subscription package that includes full support via phone, email, and online help desk.
16. Cash Register Express
Cash Register Express is a solid inventory management/POS option for convenience stores, gas stations, grocery stores, and other specialized retail locations.
This solution offers integrated hardware like touch screen monitors, credit card processors, barcode scanners, and digital scales – but best of all is that you can purchase Cash Register Express. That’s right – no monthly ongoing payments.
Here are some of the additional features the product offers:
- QuickBooks Integration
- Purchase Order Management
- Payroll Processing
- Customization Options
- Marketing Tools
If you’re a specialty retailer, Cash Register Express is definitely a solution worth considering.
17. Korona POS
Do you need a Point of Sale system with ticketing and membership features? Then Korona POS might meet your needs.
Designed for retail, but with tools that make it useful for places like theme parks and museums, Korona POS can cover a wide range of needs.
What does it offer?
- Advanced Product Analysis
- ABC Inventory Grading
- Automated Reordering
- Employee Management
- Stock Notifications
The software is cloud-based, so it can be used at a number of locations and grow right alongside your business needs.
18. Amber POS
Next up, we have Amber POS – yet another solution for small to mid-sized companies.
This solution offers up the standard POS solutions, alongside Customer Relationship Management and inventory management tools, providing a full-function piece of software that can help you in a lot of different areas of your business.
Amber POS features:
- CRM System
- Inventory Management
- Customer Management
- Full Reporting Capabilities
This is a Windows-based software, so those on other platforms will miss out. The software also features an eCommerce add-on for integration with your current eCommerce system of choice.
19. Revel Systems Software
Revel is yet another software solution aimed at retail locations and restaurants, with enough specialized functionality to appeal to both types of businesses.
Packed with features, Revel has all the fancy additions you’ve come to expect from this type of software, including:
- Data Analytics
- Sales Tracking
- Customer Management
- Inventory Management
- Social Media Management
- Barcode Support
Revel will allow you to manage your inventory both in-store and through eCommerce, meaning you’ll always have accurate data in real-time. It also can be easily integrated with third-party products like Apple Pay and QuickBooks.
As you can see, there’s no shortage of great retail inventory tracking software for you to consider. Whether you’re running a small, single-location restaurant or a giant company with multiple warehouses, global supply chains, and physical and online storefronts, there’s a software solution for you.
With so many options, it’s easy to get overwhelmed. This is why it’s important to sit down and figure out exactly what you need from your inventory software before starting the product research phase of the process. Make a list of the things you must have, the things that would be nice to have, and then figure out what you’re willing to spend.
From there, things get as simple as researching your options and scheduling demos. Don’t be afraid to ask questions during your demo and don’t simply settle on a product that fills “most” of your needs.
The perfect inventory management solution is out there – and with some effort and research, you’ll find the software that will help take your business to new heights.
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