Inventory Management is an extremely imperative part of a business process to ensure timely availability of the right products at the right time at the right place. With the E-commerce industry blooming, E-commerce related applications are also becoming equally important for a business to sustain itself.
Many Inventory Management applications have hit the market. Many of these applications allow easy editing, management, and tracking of products with an easy-to-use web interface. Keeping track of orders and stocks becomes all the more important when the demand for your products increases. Here are five compelling reasons to make you want to subscribe to an Inventory Management application right away:
- Insight into inventory and keeping track of stock regularly to avoid the situation of dead stock.
- To avoid a situation where the company might sell more than what they could supply.
- Manage cash flow by effectively calculating the amount of stock needed.
- Improve multi-channel selling and demand forecasting
- Save time
Here is a guide to help you understand the concept of Inventory Management, its usefulness in streamlining the sales process, and its effectiveness for a business. The list of the top Inventory Management apps will help you choose the right application for your Shopify Store to deliver on all your promises.
Stock Sync
It is one of the most popular stock Inventory Management apps. It is also the best-rated app among all the Inventory Management applications. Stock Sync offers a 14-day free trial with all the features. They also offer Basic, Pro-Proxl, Enterprise Plans which customers can choose from based on their requirements. Their plans start at $5 per month.
The app allows automatic inventory updating, manipulation of product pricing, manage the suppliers, and easy syncing to vendor websites. The app also permits scheduled inventory updates. Stock Sync supports many different types of file formats like CSV, XML, XLS, XLSX, EDI, TXT.
Sellbrite
Sellbrite is a leading Inventory Management application by Shopify that lets sellers sell their products on Amazon stores, eBay, and even stores like Etsy. This application also automatically syncs inventory from all the multiple channels to avoid overselling. It also supports multiple warehouse locations and integrates fulfillment with Amazon. They are priced at 20$ for 100 orders per month and go up to 160$ per month for stores with up to 10,000 monthly orders.
Skubana
Priced at 999$ per month, Skubana is one of the leading Inventory Management software offering multi-channel management, demand forecasting, and automated updation. It helps merchants in calculating true profitability and reduces their expenses. Skubana application integrates with stores like Amazon, eBay, and Walmart allowing better sales.
Stocky
Stocky is another very high-rated Shopify app management application. They also provide many advanced features including demand forecasting, stock updating, and automatic updating. It is a free application that helps forecast demands and also gives suggestions based on purchases. Stocky is especially useful for new and non-seasonal products.
SKULabs
SKULabs is another great option for large online stores that are used by dealers for Inventory management. The pricing begins from 299$ per month and goes up to 499$, 799$ per month based on the number of orders. They allow features like real-time syncing, barcode scanning, and with an increase in price features like inventory forecasting, custom reports, and support are also included.
A good inventory management system is hence crucial for running a successful E-commerce business. So now, what’s left for you to figure out is which app would you choose to manage the inventory in the best possible manner.
