Fishbowl is an excellent choice for companies with multiple warehouse locations. This inventory tracking program lets you monitor everything inside each warehouse, including the movements of stock between locations. This application is particular about inventory management: You must include serial numbers in purchase and sales orders. This is designed to ensure accuracy and organization, though it adds some time and extra work when you are ordering or reordering the ingredients, parts or items that comprise your products.
Fishbowl is easy to use and highly accurate in keeping track of your inventory, including parts and pieces. It is one of the few programs we evaluated that can help you prepare a bill of materials, which is essential if you have multiple warehouses.
For easy product importing, we suggest Stitch. With this software application, you can import products using a barcode scanner, via a CSV file or through your online sales channels. You can also manually add products one at a time, if you'd prefer to enter your inventory that way.
Stitch earned high scores for its user interface, and it accurately updates inventory levels after each sale. This software is easy to use; learning how to fully utilize this application would not take a lot of time out of your busy work schedule.
Odoo is a comprehensive inventory tracking system that you can customize according to the needs of your business. At its most basic level, Odoo tracks your stock. You can add apps to track sales, purchases and several other aspects of your business.
It has a proprietary point-of-sale system, making it ideal for brick-and-mortar stores. You can easily add inventory with barcode scanning, or you can import products using a CSV file. You can also integrate it with eCommerce solutions for greater efficiency.
The inventory tracking software that was easiest to learn and use, had the most pleasing user interface experience, and was 100 percent accurate when updating inventory levels after sales orders were finalized was TradeGecko. This program lets you import products manually, from a CSV file or via your eCommerce solution. You can also use a barcode scanner and input lot or serial numbers.
TradeGecko can also manage partial orders, and it exports your data in a CSV file or directly to QuickBooks or Xero. This inventory tracking system works well for companies selling products and services online. However, since it does not have a standalone POS system to sync with, it is not necessarily the best option for retailers with a physical store.
If you want a budget-friendly inventory tracking solution, your most economical option is a program you buy outright instead of one you subscribe to, such as a Software as a Service (SaaS) app. The least expensive of the downloadable software is Inventoria.
While it doesn't offer all of the features of some of the higher-ranked programs, it is still accurate and easy to use. It doesn't integrate with eCommerce platforms directly, but it can still be useful for brick-and-mortar stores. You can also enter changes manually to update your inventory with this solution.
Inventory Software Review: Manage Your Supply With Inventory Management Programs
Inventory software can help you keep track of the products you have in house and notify you of low stock levels. Read our inventory software review to find a solution that's best for your business.
The top performers in our review are Fishbowl, the Gold Award winner; inFlow, the Silver Award winner; and TradeGecko, the Bronze Award winner. Here’s more on choosing a system to meet your needs, along with detail on how we arrived at our ranking of 10 inventory platforms.
Running a small business is time consuming and stressful, even more so if you're having trouble keeping track of what you have in stock and when you need more of it. You don't want to oversell a product or end up having to backorder an item unexpectedly. This is when inventory software can help.
Inventory management software can be a great tool to help you focus on the important aspects of your business. This software:
Warns you when certain items are low and can reorder those items automatically
Syncs your inventory real time with recent sales
Updates your product stock when you receive new orders
Tracks inventory movement to decrease costs
Organizes vendor and customer information
We've spent hundreds of hours – 200 hours to be precise – researching the industry. We've tested numerous software applications to recommend only the best software for your business. You can learn more about inventory software by reading these articles.
What We Tested, What We Found
We want to be sure we recommend only the best inventory software to you. That's why Top Ten Reviews has spent hundreds of hours researching and testing inventory software: so we can find what's best for you.
For inventory software alone, we have:
Spent over 200 hours researching inventory management software
Considered over 35 different inventory solutions
Tested inventory software for over 80 hours
In researching, identifying and testing various inventory programs, we specifically looked for software that would be highly efficient to use and created an in-house efficiency score to illustrate our test results. This score demonstrates how easy the software is to use, the quality of the user interface experience and the accuracy of the inventory following each sale. We started with an initial list of 35 applications, but removed software that reported inaccurate inventory and that offer a specific feature set we looked for in our review. We have only recommended products that we know work. The solutions in our lineup vary with respect to the user interface and ease of use. Generally speaking, SaaS programs have a better interface than downloadable software.
Product Importing Score
A major step of using inventory software is importing inventory and adding new products. We ran in-house tests to create proprietary scores to show you what programs had the easiest processes for importing your products. The score included support of barcode scanners, the ability to import through a CSV file or an eCommerce solution and other considerations.
Since part of the point of buying inventory software is to let you focus on other, more pressing parts of your business, having a solution that is easy to use and quick to set up is important. Stitch and TradeGecko are the two programs on our lineup that provide the easiest means for importing your inventory.
Our Verdict & Recommendations
The best inventory tracking software for you depends on the needs of your business. For a warehouse business, you might want to try Fishbowl, though this solution also works with other types of businesses as well. inFlow is a good choice with a comprehensive feature set and software that is easy to figure out and get used to. TradeGecko is especially useful for product importing and has the best user interface in the industry. Odoo can integrate with various aspects of your business, and Inventoria is best if you're looking for a budget friendly solution.
A good accounting program would automate a lot of the routine ordering for you. You can set up order quantities, preferred supplier, minimum inventory and standard order quantities which would trigger a purchase order. This would free up a lot of time and give you more time for shopping suppliers.
Sometimes you need to be hands on with the purchasing process but when you reach the point that your employees can do this with little supervision it is much better. Over time you will find...
Daniel, I've been implementing ERP (once upon a time MRP) systems for over 30 years. The simplest answer is to simplify! If you aren't using an integrated system to begin with, you are destined to suffer additional inter-system handling processes... and errors.
Even if you could automate the interfaces between your separate system, you will still suffer issues related to planning and execution due to visibility.
Remember, each "interface" becomes its own system so, in this case, you wind...
You may want to consider this purchase as an initial investment and "owner contribution" on your financial statements. You would relocate the cost of the clothes into your inventory, and credit your owners capital account for the same amount, perhaps with a note stating owner contribution at startup. Again, as always, consult with your tax advisor to see if this works for you. Hope this helps.
Congrats on your launch! Always happy to support entrepreneurship! Not a very easy question to answer though!. Most "launchers" don't have a budget for a major accounting system and probably wouldn't have the staff to manage it anyhow. I would suggest you first speak with your web designers (if its not you) and find out what e-commerce platform you are using. You'll be able to use that information to find out what it might integrate with. Then you can look into those GL/reporting systems...
For just time tracking & expense logging you can probably "make do" with Google applications. I'd use a google form for employee data capture. This limits them to just adds as well as blocking access to recorded data. Good Luck!