At all times and from any location, businesses and organizations of all kinds must manage, control, and track inventory. As corporate transactions take place on a worldwide scale and across various locations, inventory management is becoming ever more important to success and sustainability. By today’s industry standards, manually entering, tracking, and counting inventory is practically impossible, yet depending entirely on inventory management, inventory control, and tracking procedures on a desktop computer is no longer feasible.
There are numerous inventory management apps available, each with a unique set of capabilities, making it difficult to determine which one is best for your needs. That is why we have compiled a list of the top applications accessible today. Continue reading to learn more about each app and how it may help your business.
What are Inventory Management Apps?
An inventory management app is a piece of software that allows businesses to keep track of their inventory levels, orders, and sales. It can be used to manage both physical and digital products, albeit physical goods vendors typically benefit more.
For organizations of all sizes, inventory management apps are useful. Optimizing your inventory operations, can help you save time and money.
The best inventory management apps will include features such as:
- Real-time inventory tracking
- Creating sales and inventory reports
- Connecting to other business applications
- Ordering and reordering tasks can be automated.
Best Apps for Inventory Management
It’s difficult to know what to look for when purchasing an application system because there are hundreds of inventory management, control, and tracking apps accessible for iOS and Android smartphones.
To assist with this, we’ve selected our top ten apps based on their integration, scanning, and ease-of-use features. While several of our top app picks are stand-alone applications, some are expansions of inventory management software that are available for free with paid software subscriptions or purchases.
In no particular order, we have selected our top inventory apps below.
#1. Stock Control
Stock Control is an inventory management app for the iPhone, iPad, and Mac that catalogs products, categorizes them, and correlates them with storage places. Users may effortlessly manage their inventory levels and values with Stock Control.
Key characteristics include:
- Integrated search tools
- Easily locate and recover objects and locations
- Separate things into groups to manage many stocks at the same time.
- Quantity management in various storage locations has been refined.
- Shortage warnings
- Data import/export to CSV for use on a PC or Mac
- Cost: FREE, with in-app purchases available.
#2. Goods Order Inventory
Goods Order Inventory, a mobile, desktop, and web-based tool, keeps you linked to your business and inventory. The app can manage multiple locations, users, and mobile access.
Key characteristics include:
- To produce, distribute, manage, and track inventory in real-time
- Using mobile devices to scan barcodes
- Interfaces that are simple to use and navigate
Cost: Free.
#3. SOS Inventory
SOS Inventory is a QuickBooks Online add-on that assists with inventory, production, and order management. It is a multi-user web-based service that anyone in the organization can use at any time.
Key characteristics include:
- All major browsers, including Internet Explorer, Firefox, and Safari, are supported.
- Synchronizes listings and transactions with QuickBooks Online.
- Manually synchronize or let SOS Inventory do it for you
- Integrate with QuickBooks Online to avoid double data entry.
- Multiple locations are supported.
- Track items by serial number and cost history for each individual item.
Cost: A 30-day free trial is offered.
- $29 for 2 users and rudimentary inventory tracking.
- Plus, for $59, you get three users, all Companion plan features, serial number tracking, lot tracking, limitless locations, barcoding, and more.
- Pro: $99 – 5 people, all Plus plan features, plus additional work centers, tracking of work in progress, and more.
- Additional users over the plan limits are $10 per month per user.
#4. On Shelf
On Shelf for iPad is an inventory tracker app intended for small businesses that allow users to sync between iPads and readily access things using the built-in barcode reader. You can spend less time maintaining your inventory and more time managing your business using On Shelf.
Features include:
- Analysis and sales reporting.
- The current inventory is color-coded.
- To view a product’s sales and order history, select it.
- Using the barcode reader, you may easily display products.
- Utilize the barcode reader to track goods’ movement.
Cost: $4.99
#5. JumpStock
JumpStock, a cloud-based tracking system for hospitals, can cut nursing administration costs by up to 50% by optimizing hospital inventory using real-time supply chain data and analytics. The app reduces hospital supply chain expenses by tackling typical issues such as product hoarding, stockouts, and physician preference differences.
Key characteristics include:
- Analytics that can be used to close the gap in the hospital supply chain
- Aids in the development of new hospital reporting metrics
- It is compatible with any ERP, EMR, or scheduling system.
Contact them for a price quote.
#6. Business Inventory
Product levels, orders, sales, and deliveries may all be tracked using the Business Inventory app. Business Inventory, designed for the iPhone and iPad, is excellent for tracking inventory as it moves between sites, receiving products into warehouses or other locations, and choosing, packing, and shipping items from a warehouse.
Key characteristics include:
- Barcode scanner
- Product image from a local library or camera
- A good database
- Inventory entries are unlimited.
Cost: $0.99
#7. Canvas
Inventory Monitoring Sheet With Barcoding, Inventory Tracking Sheet, and Inventory Tracking are just a few of the inventory tracking and management apps available from Canvas. Visit the Canvas website to compare the many apps and select the one that best meets your needs. Canvas inventory tracking and management apps get even more appealing with free trials.
Key characteristics include:
- A collection of tools provides data-gathering forms for a wide range of devices.
- Track items and supplies accurately and swiftly.
- Tracking by department, location, and item
- Beginning and ending dates, item number, description, current amounts, date item was inventoried, and other information
- iPhone, iPad, Android, Blackberry, PlayBook, Windows mobile, and Windows desktop
Cost: FREE 30-day trial – Please contact us for a quote.
#8. myStock Inventory Manager
Mobile and tablet users are the intended audience for the myStock Inventory Manager app. myStock Inventory Manager is ideal for individuals as well as small and medium-sized organizations. It allows users to simply record and manage stock movements.
Key characteristics include:
- Utilizing a single device for inventory management across many locations
- In remote areas, keep track of inventory.
- Data transfer between mobile devices and data servers
Cost: FREE trial version
Standard Version: $4.99
#9. Simple Inventory Control,
Ayman Salem published the book. Simple Inventory Control is a professional inventory management tracker and stock control tool for Windows. Simple Inventory Control makes it simple to manage stock numbers, move across locations, set low-level stock alerts, and more.
Key characteristics include:
- User interface that is simple and easy to utilize
- Manage inventory levels by category, location, and supplier.
- The inventory control system keeps track of current and accurate stock counts.
- Transfer inventory from one area to another.
- Leaves a full audit trail
Costs: $4.99
#10. CashierLive
CashierLive, an inventory control app for iPhone, iPod, and Android, is not just for retailers. The app scans barcodes or allows users to create unique codes to track and manage inventory as an inventory management tool.
Key characteristics include:
- Scan barcodes or generate one-of-a-kind codes
- Enter a description, price, category, quantity available, and images.
- Manage and track inventory
- Milo integrates with QuickBooks and provides local inventory marketing.
- From the app’s home screen, you may access in-app assistance.
Cost: 14 days free with paid upgrade possibilities
Why are Inventory Management Apps Important?
There are numerous reasons why an inventory management app is essential. For starters, it can help you save time.
Inventory management is a time-consuming activity, but many of the tiresome activities involved with it can be automated using an app. This frees you up to focus on other parts of your business in order to continue increasing or growing it.
You can also save money by using an inventory management tool. You may avoid over-ordering or running out of products by tracking your inventory levels. This can assist you in avoiding costly errors that can have a detrimental influence on your bottom line.
Furthermore, an inventory management tool can assist you in keeping track of your sales. This data can help you make educated judgments about future inventory levels and product offerings. Answering complex business concerns can often be as simple as having easy access to your own past data.
Finally, an inventory management tool can assist you in providing better customer service. You may prevent irritating clients with delays or backorders if you have up-to-date information on your inventory levels. You can also improve the efficiency of your client return process. Avoiding these blunders helps your company avoid unfavorable evaluations that can harm future sales chances.
What are the Functions of Inventory Management Apps?
Algorithms are commonly used in inventory management apps to assist you to streamline your procedures. This can range from determining what needs to be refilled to determining when you need to order more things.
Furthermore, the majority of apps will track your sales and inventory in real-time. This means that when an item sells, it is taken from your inventory. You’ll never have to worry about an item being oversold again!
Why Do I Need an App To Manage My Inventory?
If you only have one or two products and a small number of clients, you can probably manage your inventory manually using spreadsheets. However, if your company is expanding, you should consider investing in an inventory management tool.
Let’s face it: you went into business to operate and grow it, not to spend your week slaving away in a spreadsheet.
Here are some additional reasons:
- You have too much on your plate: If you try to wear all of the hats in your business, you’ll wind up dropping some balls. An inventory management tool can relieve part of your workload by automating processes such as ordering and reordering.
- You should be more organized: A decent inventory management app may assist you in keeping track of your inventory levels, what has to be ordered, and what is selling well (so you can adjust your product mix accordingly). This level of structure is essential for running a profitable firm.
- You wish to save both time and money: As previously said, an inventory management tool may assist you in avoiding costly blunders such as over-ordering or running out of product. It can also automate time-consuming operations like as ordering and reordering, allowing you to concentrate on other elements of your business.
- You should work on improving your customer service: If your consumers are regularly frustrated by delays or backorders, it’s time to invest in an inventory management tool. You may avoid these challenges and deliver a better experience for your consumers by keeping track of your inventory levels.
Read Also: Best Customer Experience Management Software in 2023
- An app provides you with reliable data: Assume a customer approaches you and claims that they should have more inventory in your warehouse than your system shows. You can go back to the beginning of receiving their items with the correct inventory app and utilize the records of every warehouse transaction since then to sort things forward. A digital paper trail can help you protect your company.
What Are the Benefits of Using Inventory Management Apps?
An inventory management app can be used in a variety of ways. You’ll typically use it to track sales and inventory, shift inventory, generate reports, and create purchase orders.
How Much Does Inventory Management Software Cost?
The quick answer is that they can, but they don’t have to. There are several price structures available for inventory management software. You’ll typically pay a monthly subscription fee or a per-transaction fee.
Monthly subscription prices can range from $300 to over $1,000 per month on average. Each transaction costs are typically between $0.15 and $0.30 per transaction. The trick is to deal with a trustworthy software vendor that offers reasonable prices and tailors your inventory management app to your volume, type of operations, and, of course, budget.
What Is the Difference Between Inventory Management Software and Systems?
An inventory management system is a technique and methodology for managing inventory. This might be as simple as a pencil and paper or as complex as an Excel spreadsheet. However, inventory movements are not updated in real-time, and this type of system is prone to human error, which costs you time and money.
Inventory management software, on the other hand, is a digital solution that aids in the automation and scalability of your inventory management procedures.
This solution can contain everything from real-time sales and inventory tracking to report generation.
This software often connects with your existing systems (such as your eCommerce platform, accounting software, and so on) to make inventory management easier than ever.
Conclusion
The ideal technique to manage your inventory can differ depending on the size of your company and the products you sell. However, there are a few crucial steps you can take to ensure effective inventory management:
- Real-time tracking of your sales and inventory
- To automate your procedures, use an inventory management system.
- Maintain your organization and devise a system that works for you.
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