Best Best Cloud Based Inventory Management Software in 2023
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Prominent Best Cloud Based Inventory Management Software
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Zoho Inventory
Zoho Inventory is a cloud-based inventory and order management application that helps businesses of all sizes track inventory, manage multi-channel sales, oversee warehouses, and fulfill orders.
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TradeGecko
Tradegecko is cloud-based inventory and order management solution gives SMBs the commerce superpowers they need to compete; speed, scale and smart insights by providing the tools for brands to automate their workflows, gain instant global reach and make data-driven decisions.
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Cin7
Cin7 makes complex retail and wholesale simple with all-in-one cloud inventory, POS, EDI and 3PL. Cin7 allows you to manage all your sales channels, inventory, point of sale and supply chain in one central, cloud-based software.
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Zoho Inventory
Zoho Inventory is a cloud-based inventory and order management application that helps businesses of all sizes track inventory, manage multi-channel sales, oversee warehouses, and fulfill orders.
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DEAR Systems
DEAR Systems is a centralized cloud-based ERP software solution to help businesses get better visibility of orders and inventory across all sales channels. DEAR streamlines everything from managing products in inventory to creating sophisticated inventory reports.
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Megaventory Inc.
Megaventory can manage products in multiple locations, issue invoices, purchase or sales orders, and distribute information across employees, partners, or clients in a web-based, multiuser environment.
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Browntape Technologies
An eCommerce Management Software that allows the seller to sell everywhere through Browntape.
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Unicommerce
Unicommerce is the market leader in the eCommerce enablement space, with 300 Mn annual transactions processed through the platform enabling E-commerce sellers to automate their eCommerce operations for online & offline business to increase sales & enhance productivity.
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ADvendio
ADvendio efficiently manages all advertising media buying and selling with Salesforce powered ad management software. ADvendio enables users to buy and sell more advertising across linear, digital and combined deals.
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Craftybase
Craftybase is Bookkeeping and Inventory Management Software designed specially for handmade sellers. Craftybase helps you manage your handmade products, determine your incomings and outgoings, and keep track of your stock levels.
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Fishbowl
Fishbowl is the top requested integrated add-on for QuickBooks and excels with award-winning functionality for advanced inventory control, light manufacturing and order management.
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Webgility
Webgility's automation software posts, tracks, and syncs eCommerce sales data, orders, accounting, inventory, and shipping enabling online sellers to run their multichannel business from a single dashboard in real-time.
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Orderhive
Orderhive is a SaaS-based solution which brings order, shipping and inventory management functionalities in one platform. It facilitates multi-channel selling and streamlines back-end processes within a centralized real-time inventory tracking system.
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Finale Inventory
Finale Inventory is an intuitive cloud-based inventory management system that is easy to use while designed to scale to the demands of a growing business. Handle all your stock movements from purchasing through to sales.
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EZOfficeInventory
EZOfficeInventory is cloud-based inventory tracking software to perform inventory audits, avoid stockouts and maintain inventory levels. Real-time data and analytics keep you in charge of your inventory at all times.
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Zenventory
Zenventory is a web-based inventory management system designed for small and medium-sized businesses. Powerful yet simple, Zenventory manages vendors, orders, and fulfilment across one or more warehouses.
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BrightPearl
Brightpearl’s complete back-office solution includes financial management, inventory and sales order management, purchasing and supplier management, CRM, fulfilment, warehousing and logistics.
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Katana
Katana is modern manufacturing & inventory software for scaling businesses. Its visual interface and smart auto-booking engine, allow manufacturers to automate their workflows, prioritize orders and see the availability of raw materials & finished goods in real-time.
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Sortly
Sortly is the simplest inventory platform for business and teams to stay on top of their stuff. Their visual system enables businesses to easily track what they have, where it is, and who has it.
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![cin7-inventory-management-software]()
Cin7
Cin7 makes complex retail and wholesale simple with all-in-one cloud inventory, POS, EDI and 3PL. Cin7 allows you to manage all your sales channels, inventory, point of sale and supply chain in one central, cloud-based software.
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InFlow
InFlow offers software with a clear focus on inventory tracking, but with options to accommodate your unique workflow.
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Sage
Sage is hybrid accounting software which gives you the stability of an on-premise application along with the flexibility of anytime access to key functions such as customer details, order history, and business metrics.
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![TradeGecko-ecommerce-marketing-tools]()
TradeGecko
Tradegecko is cloud-based inventory and order management solution gives SMBs the commerce superpowers they need to compete; speed, scale and smart insights by providing the tools for brands to automate their workflows, gain instant global reach and make data-driven decisions.
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Ecomdash
Ecomdash enables eCommerce sellers to run their entire business from anywhere at any time in a fraction of the time they spend today.
What is Cloud Based Inventory Management Software?
Simply, cloud based inventory management software manages and tracks inventory across multiple locations that eCommerce businesses own. It simplifies the process of ordering, storing and delivering products. Most cloud based software solutions offer advanced features of warehouse management such as inventory tracking, order fulfilment, barcode scanning, inventory forecasting, invoicing, reporting and inventory security.
Unfortunately, the majority of small businesses do not consider using a cloud based inventory management system to track their inventory levels, warehouse and shipping activities in their order management system. However, getting help from a cost effective small business inventory management solution decreases eCommerce businesses of all size’s costs and increases their profitability. Businesses that do not use any warehouse manager solutions often have some troubles with inventory control, timing and budgeting.
Which Cloud Based Inventory Management Software Works Best for Your Business?
Before investing in the best cloud based inventory management software, you should check out the key features to see if this is the right fit for all your eCommerce business needs. During this time, you need to consider several topics which are;
- Size of your business,
- The extent of your work orders,
- Range of your sales channels,
- Goals of your business,
- Features that inventory management software offers and,
- Your budget.
Luckily, the market covers different types of cloud based inventory management software for small to large scale businesses. If you do not want to start with paid solutions, there are a great number of solutions that offer cloud based software solutions with a free forever plan. If you want to invest in a paid cloud based inventory management system, it is better to look at the solutions that offer free trial options.
How to Choose the Best Cloud Based Inventory Management Software?
Cloud based inventory management software refers to a combination of technology and application to keep businesses’ inventory data tracked in real time. The data consists of business assets, sales orders, raw materials and finished products.
Fast-growing businesses need to get help from a cloud based inventory management solution to track and count their inventory levels and forecast customer demand. Once they have a well-running inventory management system, they can monitor incoming and outgoing inventory data by supporting the lifecycle of the sales channels within their supply chain.
The best cloud based inventory management software helps speed up the process between incoming and outgoing inventory levels throughout their supply chain thanks to its well-performing order management system. It also prevents problems related to the lack of actionable inventory data and insights. Systematizing the process gives business owners more control over their order management system and improves their operational efficiency.
Here are the major factors to consider while selecting the best cloud based inventory management system;
- Integrations: It is critical that any new inventory system immediately interfaces with eCommerce platforms, marketplace, shipping, POS, 3PL, etc. rather than requiring additional software.
- Features: It would be great if you make a list of both must-have and nice-to-have features. So, you will know better if the features are necessary or desirable for your business.
- Ease of use: You may have some less technically savvy employees to operate your inventory system. So, please consider how easy is it for these people to learn and grasp the software’s user interface.
- Support: If something goes wrong, you will likely need support immediately. Better to consider a cloud based inventory management system that offers 24/7 online support chat.
Key Benefits of Using Cloud Based Inventory Management Software
Boost Productivity
Using a cloud based software to track your inventory across multiple channels helps reduce your workload. As it automatically processes and tracks inventory data, it gives you more space for your more important tasks. It clearly shows what your stock level is, which product sells more or detailed merchandise information.
Enhance Profitability
Tracking which product sells more or which doesn't and which trends are dominating the market will definitely give you detailed insights. Cloud based inventory management software keeps an eye on every single detail and generates comprehensive reports to increase the profit of your business significantly.
Eases Inventory Processing
A cloud based inventory management solution streamlines managing your inventory data to save you time. As the management system updates regularly your stock levels, it gives you clear visibility and detailed reports of what products are over or understocking.
Automates Purchase Orders
Cloud based inventory management software can automate the whole process and increase accuracy while managing inventory. It creates an auto-forwarded purchase order process that helps send purchase requisitions to related people.
Identifies Stock-outs
Stock-outs directly affect the supply and demand of your goods. Cloud based inventory systems identify situations like this and take precautionary measures. If inventory data is updated regularly, as a result, it helps you adjust to the supply and demand of the market.
Provides Better Customer Service
If you can give your customers what they want or expect from you, customers will be satisfied. For example, if the reports point out a rising demand for a product, you can keep the popular stock in store for customers to reach them easily. It will help you retain customers and gain new ones.
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