Imagine this: You just arrived at the store asking for an item you really need, only to have been told that they’ve run out (oops). Disappointed, you go online (your last refuge), and discover while trying to add the item to your shopping cart that they’ve run out of stock as well!
Annoying, right?
Well, believe it or not, it’s just as annoying for the retailers as well. After all, when any retailer – offline or online – informs that they are out-of-stock, they potentially stand to lose their loyal customers to the competitors, which has a terrible effect on their profits. As a matter of fact, price returned, over-stocked and sold-out products measured a loss of up to approximately $1.75 trillion annually.
Any sane, profit-seeking retailer would understand that it is better to shell out some money and invest in an efficient cloud-based inventory management app that will aid you in keeping keep your stockroom updated, accurate, and organized, and in turn keep your customers happy and satisfied.
Fortunately for you, we’ve searched through the plethora of available apps and have made a short list of five top-of-the-line inventory management apps which can help you preserve your precious money and loyal customers.
Finale Inventory
If you’re one of those sellers who is running an both an offline and an eCommerce store, this app is just the thing for you. Armed with a multi-location functionality, Finale Inventory makes it simple to sync as well as centralize your in-store and online orders by converging your inventory in almost real-time. The app’s useful and high-end features offer the ability to manage the inventory both to and from various locations, to customize product lists and sales orders, and to keep your business from overstocking and overselling. What more can a busy bee retailer with a bunch preexisting reports ask for?
Price: Finale Inventory’s pricing starts at $149.00 per month, and includes a free trial.
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Orderhive
One of the leading inventory management solutions, Orderhive is renowned for its one-of-a-kind ability to manage your inventories that are present across multiple sales channels. It can easily integrate sales channels like Magento, BigCommerce and Shopify and add shipping providers such as UPS and FedEx, thereby allowing you to be able to manage your orders and carry out the rest of the process of shipping through a single app. Furthermore, it can automatically adjust your various channels’ stock levels and notify you when you reach low stock and zero stock levels. Ideal for those whose inventories and affairs are scattered across multiple platforms.
Price: Orderhive’s pricing starts at $49.99 per month, and includes a free trial.
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Stitch Labs
Ideal for the busiest of retailers, Stitch Labs connects POS, accounting, shipping and inventory management into one interface, thereby acting as operations command center’ of sorts. Not only does the app, with its top-of-the-line features help manage your inventory and save your vital time, it also gives exclusive sales forecasting and reports that give you a summary of your business’s trends, which in turn will help you predict, plan and prepare yourself accordingly.
Price: Stitch Labs is priced at a starting price of $99.00 per month, and includes a free trial.
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TradeGecko
A rare app that has some very useful features besides the standard inventory tracking ones, TradeGecko is ideal for those trying to expand their businesses internationally and increasing their B2B ventures. Available on both Android and iOS platforms, the app has a multi-currency option which gives retailers the chance to makes sales in various foreign currencies. Additionally, it also has ‘Tax Types’ features, which allow you to set different taxes for different countries, states, and cities, and a B2B eCommerce platform which provides many options such as the ability to create separate URLs for stores, send customers bulk invitations, and custom pricing, among others. All-in-all, if you dearly need inventory management but custom develop or outsource it, TradeGecko is the ideal app for you.
Price: TradeGecko’s pricing starts at $99.00 per month, and includes a free trial.
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Zoho Inventory
Ideal for busy retailers who seek a central platform for each sales channel along with automatic updates on their inventories, the Zoho Inventory falls in line with all of its other products such as Zoho Books and Zoho CRM, among others. Armed with features such as successful delivery-notifications, tracking shipments using ‘latest-transit status-updates,’ and automated processes, among others, Zoho truly takes the stress factor away from the hassles of shipping instructions and creating sales orders.
Price: Zoho Inventory’s pricing starts at $29.00 per month, and includes a free trial.
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Are you using yet another fab app that we’ve missed here? We would love to know all about it!