Your choice of e-commerce inventory management software can make or break your business.
With the right tools to help with e-commerce inventory management, you can save substantial time and labor costs, maximizing your business’s revenue potential at the same time.
Getting stuck with suboptimal software, on the other hand, could drag you down and cause inefficiencies in your e-commerce operations.
This article reviews some of the most popular inventory management software used by e-commerce sellers, covering the following topics:
Let’s get started!
E-commerce inventory management software automates the process of tracking inventory for online sellers.
It gives you visibility along your e-commerce supply chain, so that you’ll know what’s in your warehouse, how much inventory you have, and when to re-stock.
On top of these basic functions, some e-commerce inventory management software also allow you to track inventory across multiple sales channels.
Integration features may also be available for you to easily sync inventory data (e.g. cost of goods sold) to your accounting system.
The goal of using inventory management software is to streamline the process of inventory management for your e-commerce business.
To this end, below are the core features that a good e-commerce inventory management software must have.
Choosing an e-commerce inventory management software sounds easy on paper.
Making the right call for your business, however, can be difficult when there are so many software providers and solutions to choose from.
We hear you — and so we’ve rounded up a list of best e-commerce inventory management software for you.
Note: We factor in software functionality as well as authentic user reviews to compile this list of recommended inventory management software. Choco Up is not affiliated with any of the companies featured in this article.
inFlow positions itself as an all-in-one tool for inventory management.
It has an extensive range of features which would help e-commerce businesses optimize workflow in different aspects, such as:
A special feature of inFlow is that it’s mobile-friendly. Using its mobile app, you can manage products, create orders and even arrange stock transfers on your Android or iOS device.
If you’re a small business owner who works on the go, inFlow would be a great fit for you.
Trunk is a cloud-based software solution with a focus on multi-channel inventory management.
It enables e-commerce sellers to list products on various online platforms and track stock levels in real time.
For businesses with multiple sales channels, Trunk’s syncing feature would also help you link product listings with stock keeping units (SKU) to prevent duplicate entries and optimize workflow processes.
Trunk currently supports integration with 10+ e-commerce platforms, including:
Give it a try if you’re troubled by multi-channel inventory management!
QuickBooks Commerce is developed by Intuit Inc., the software company that also owns MailChimp, TurboTax, Mint and Credit Karma.
It’s known for being a well-rounded solution which helps e-commerce businesses streamline the processes of inventory management, order management, accounting and reporting.
It also connects seamlessly with QuickBooks Online, the accounting arm of QuickBooks.
Despite the ability to cover multi-faceted needs of online businesses, QuickBooks Commerce isn’t suitable for all e-commerce companies.
Below are two compatibility checklists to help you determine if this solution is right for you.
Checklist #1: QuickBooks Commerce is right for your business if you —
Checklist #2: QuickBooks Commerce may not be a fit if you —
Founded in 2013, Veeqo is a startup company built by an e-commerce veteran for online sellers.
In answer to the major pain points of e-commerce businesses, Veeqo is an inventory and fulfillment platform with four functions at its core:
Veeqo, which is now an Amazon-owned company, has an edge on other inventory management software companies as it rapidly expands its suite of integrations.
Below is a non-exhaustive list of integrations currently available at Veeqo:
Zoho Inventory is a cloud-based inventory management solution under the Zoho umbrella.
Like most other inventory management software, it has different modules tailored to your needs in different aspects of e-commerce inventory management, such as:
As a Zoho product, this inventory solution is integrated within the Zoho Finance suite.
If you are an existing user of Zoho’s accounting and bookkeeping software, you may consider adding Zoho Inventory to your e-commerce stack.
Subscribing to an e-commerce inventory management software is a considerable commitment — the time and labor costs of set-up could be too high to justify switching to another software later on.
This is why it’s crucial to choose an e-commerce inventory management software carefully.
Here are four tips on how to choose a software solution that is a good fit for your business.
Using an e-commerce inventory management software is an investment today that will save you tens of thousands of dollars in the future.
Likewise, investing in your business growth is a decision that will pay dividends over time.
If you’re looking for a funding and growth partner, you’ve found one right here — Choco Up can help.
As the leading revenue-based financing and growth platform in Asia, Choco Up offers funding ranging from US$10K to $10M to companies of all sizes. With our quick and flexible funding, we’ve helped hundreds of businesses fuel their growth and accomplish remarkable results.
To learn more about how Choco Up can help your business grow, check out our client success stories or claim your FREE preliminary offer now!
About Choco Up
Founded in 2018, Choco Up is the leading revenue-based financing platform in Asia Pacific, offering non-dilutive growth capital to fast-growing companies.
Currently covering more than 10 markets and 10 sectors, Choco Up has helped hundreds of businesses capture growth while protecting equity upside.
Click here to apply for RBF funding!
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