The 7 Best Inventory Management Apps for Your Ecommerce Business

If you split inventory across multiple fulfillment centers and/or have a robust multi-channel distribution strategy, inventory technology makes it easy to track your products across channels in real-time. The question is: what’s the best way to manage your inventory? 

To easily track inventory, many ecommerce businesses are turning to inventory apps for solutions. Depending on how you organize and store your inventory, inventory apps offer the option to organize and more easily manage ecommerce inventory by volume, type, SKU, and more.

In this article, you’ll learn what to look for in an inventory app and how to choose the right solution for your business. 

What is an inventory app?

Inventory apps help you track, organize, and manage inventory in real-time across multiple channels and warehouses. They can either be viewed on a web browser and/or mobile device and can provide real-time updates.

What matters most for inventory apps?

When researching inventory apps, it’s important to find the right solution that fits your unique business. Features like inventory volume, budgeting, tracking, and integrations with other apps are some of the key features you’ll want to consider. 

1. Inventory days on hand

Tracking inventory days on hand can help you understand how quickly your inventory levels deplete on average. By tracking this measurement combined with inventory forecasting, you can get insight into how long products stay on the shelf and make better predictions on when to restock. Inventory apps make this easy by providing this data for you. 

2. Carrying costs

Warehousing inventory can be costly if products are sitting in the warehouse for too long. Along with inventory days on hand, with an inventory app, you can track how long your products are sitting on shelves compared to other locations, whether it’s in a warehouse or at a brick-and-mortar retailer. This will give you a better sense on how to cut down on carrying costs

3. Calculating your SKU count and product variants

Using SKUs to designate inventory is an industry best practice, especially if you partner with a 3PL that fulfills orders for you. By using an inventory app that makes it easy to organize products by SKU, you’ll be able to see how many SKUs you have based on different product variations, such as color, size, etc. 

4. Integrations

It’s important to look for an inventory app that has an integration for your online store, such as Shopify, BigCommerce, or WooCommerce. That way, it’s easier to sync inventory levels and communicate what’s in stock or out of stock on your website in real-time. 

5. Inventory reorder points

A reorder point (ROP) is the minimum unit quantity that a business should have in available inventory to meet demand. To calculate ROP, you’ll need the sum of lead-time demand and safety stock in days. The right inventory app will not only provide insights like this, but also allow you to automatically set reorder points based on historical inventory data. 

7 best inventory apps compared

There are dozens of inventory apps available. Here are some of top seven apps to consider for your ecommerce business.

1. ShipBob

While ShipBob is not a standalone inventory app, we offer a lot of the same features through our end-to-end tech-enabled order fulfillment solution. Our free inventory management software is built-in.

Merchants are given the tools, data, and reporting necessary to efficiently manage their inventory in real-time across multiple ShipBob fulfillment centers all from one dashboard. 

Pros

  • Track inventory across multiple ShipBob fulfillment centers
  • Real-time inventory counts
  • Easy to set reorder points 
  • Demand forecasting and advanced analytics and reporting 
  • No extra fees for software use

Cons

  • You have to be using them for fulfillment (and they are best for ecommerce brands fulfilling 200 orders per month)

2. On Shelf

On Shelf is an inventory management app for small businesses. Ideal for salons, restaurants, and bars, On Shelf is a good option for smaller operations just getting started with inventory management. 

Pros

  • Easy-to-use interface
  • Easily import products in through a .txt file

Cons

  • Can’t see how much the pricing is before you sign up
  • Limited ecommerce integrations
  • Manual inventory tracking is still required

How it compares to ShipBob

On Shelf is a great option for smaller businesses with physical locations that aren’t focused on ecommerce sales. ShipBob partners with online ecommerce businesses that are growing and need a more automated way to manage inventory across channels and warehouses.

3. Cin7

Cin7 is an inventory management solution for multi-channel brands. It synchronizes inventory and orders across every sales channel and stock location. It automates order processes for fast, efficient order fulfillment. Cin7 can help contain costs, maximize margins and cash flow and optimize inventory. 

Pros

  • Multi-channel management
  • Integrations with ecommerce platforms
  • Can integrate with 3PL platforms

Cons

  • Pricier than other inventory apps 

How it compares to ShipBob

ShipBob is a tech-enabled 3PL that focuses on order fulfillment services, which includes inventory tracking tools whereas Cin7 solely offers inventory management solutions. Although they both offer similar inventory tracking tools, these two solutions complement each other more so than compete. 

4. Inventory Now

Inventory Now is a lightweight replacement for a point-of-sale system used by smaller businesses. You can track products through their entire lifecycle. See what you have for sale, what you have sold, and what you need to ship out. You can see a summary of everything you have sold and track your profits with ease. 

Pros

  • Affordable cost
  • Offers all the needed features for inventory tracking
  • In-app payment collection

Cons

  • Have to pay extra to sync data across multiple devices
  • No ecommerce integrations

How it compares to ShipBob

Inventory Now is a good option for new and smaller ecommerce businesses that only handle a few orders a month with minimal inventory. If your ecommerce business is growing and you need a more automated way to manage inventory, ShipBob is a better alternative to also scale your fulfillment. 

5. TradeGecko

TradeGecko is an inventory management software that allows you to track products, orders, customer behavior, and insights from a single source of truth. You can track sold products, organize customer data, make future sales predictions, and sync orders across multiple channels. 

Pros

  • Supports barcode scanning
  • Offers all the needed inventory management features
  • Integrates with major ecommerce platforms

Cons

  • Not available on Android devices

How it compares to ShipBob

TradeGecko is a robust inventory management software that is compatible with order fulfillment technology, such as ShipBob’s. Although both companies provide inventory tracking tools, they work well together and offer a more robust fulfillment and inventory management solution.

6. myStock

myStock Inventory Manager is an app specifically designed for mobile users. It lets small- and medium-sized businesses record and manage inventory and calculate costs.

Pros

  • Easy-to-use interface
  • Templates are available for easy product uploads

Cons

  • Not available on Apple devices (iOS)
  • Lacks support for enterprise features

How it compare to ShipBob

myStock is a good option for newer, smaller ecommerce businesses that are self-fulfilling and only handle a few orders a month. Since it doesn’t support Apple devices, you’ll need to make sure your business operates off of Android only. If your ecommerce business is growing and you need a more automated way to manage inventory and ship products to customers, ShipBob is a better alternative. 

7. SOS Inventory

SOS Inventory offers a complete inventory tracking, order management, and manufacturing solution for businesses using QuickBooks. 

Pros

  • Syncs with QuickBook, Shopify, and PayPal
  • Offers all the features you need (at a price)
  • Supports order fulfillment through UPS

Cons

  • You have to use QuickBooks or it won’t work
  • Can be pricey for smaller businesses
  • Features are limited on the Companion plan (cheapest plan)

How it compares to ShipBob

If you’re looking for a way to integrate your QuickBooks account with your inventory tracking system, SOS Inventory is a great solution. If you’re looking for ways to reduce costs associated with storing and managing your inventory while also outsourcing fulfillment at scale, ShipBob can help.

How ShipBob brings inventory management to the next level

ShipBob is a leading 3PL that partners with ecommerce businesses to handle logistics and fulfillment. With ShipBob, merchants get access to a centralized dashboard to track orders in real-time, automatically reorder inventory, and gain valuable data and insights that will help your business grow. 

“One of the greatest features of ShipBob’s software is the inventory management functionality, which lets us track inventory change and velocity over time.”

– Ryan Casas, COO of iloveplum

ShipBob also has many of the necessary inventory tracking features needed such as: 

Inventory reordering points

ShipBob makes it easy to avoid potential stockouts with automatic reorder points. By managing your inventory across fulfillment centers from one dashboard, you have access to historical data that gives you insight on the when you’ll need to set reorder points. 

“We roll out new products and designs on our website 1-3 times a month and send new inventory to ShipBob each week. It’s really easy to create new SKUs and restock existing ones using ShipBob’s technology, which is especially important with high inventory turnover.”

– Carl Protsch, Co-Founder of FLEO

Inventory distribution

ShipBob offers a robust fulfillment network across the US and Canada that makes it easy to distribute inventory but still be able to track inventory in one place. Inventory distribution is done by splitting inventory across multiple fulfillment centers based on where your customers reside.

It’s a great way to better serve your customers, especially if they’re scattered across the country or if you’re looking to provide 2-day shipping, while also reducing your shipping costs.

“We have access to live inventory management, knowing exactly how many units we have in Texas vs. Chicago vs. New York. It not only helps with our overall process in managing and making sure our inventory levels are balanced but also for tax purposes at the end of the year. ShipBob simplified the entire process for our accountants and for us.”

– Matt Dryfhout, Founder & CEO of BAKblade

Insightful reporting

ShipBob’s platform not only helps with inventory control and tracking, but it also generates powerful analytical reports covering all areas of your business. With ShipBob’s free analytics tool, you’ll get insight into fulfillment performance, shipping, logistics costs, and more. 

“ShipBob’s analytics tool has been great to have. We can see inventory reconciliations and easily view SKU velocity, transit times, and inventory distribution recommendations.”

– Pablo Gabatto, Business Operations Manager at Ample Foods

Easy integration with other tools

ShipBob integrates easily with leading ecommerce platforms (and also has a robust developer API). ShipBob also partners with several inventory management systems to offer easy integrations that complete your tech stack.

To learn more about how ShipBob can help your business streamline your entire inventory management and order fulfillment strategy, click on the button below to request a quote.

 

Conclusion

There are many options out there for inventory apps. Depending on the size of your business and how you store and manage your inventory, finding the right inventory app will help save a ton of headache and time in the long run.