# 5 Top Rated Small Business Inventory Management Software | Capterra > Looking for inventory management software for your small business? Check out this list of the top five small business inventory management software. Source: https://www.capterra.com/resources/top-small-business-inventory-management-software --- Inventory Management BasicsLogistics & Supply Chain # 5 Top-Rated Inventory Management Software for Small Businesses By Ashish Upadhyay Ashish Upadhyay Ashish Upadhyay is a writer at Capterra. He provides insights to help small businesses identify the right software for their needs by analyzing over 550,000 ... [See bio & all articles](https://www.capterra.com/resources/author/aupadhyay/) Published March 10, 2023 7 min read ## Simplify inventory planning and storage with inventory management software. As a small-business owner, do you face inventory management challenges such as forecasting demand, updating stock levels in real time, optimizing warehouse space, and delivering orders on time? If these issues persist, profits for your small business could go for a toss.  But with inventory management software, you can track your inventory in real time through a centralized dashboard and create alerts when stocks are low. You can also automate the inventory recording process and manage shipping for customers. This article highlights, in alphabetical order, the top five small business inventory management software based on verified software reviews. For each product, we include overall user ratings along with the highest-rated parameter, review excerpts from industry professionals, and product pricing. [Read more](#methodology).  _\*Analysis accurate as of February 2023_ ## 1\. ERPAG #### Trial/Free Version - Free Trial - Free Version #### Highest-rated parameter Value for money - 4.66/5 #### Commonly used by Small businesses #### Starting price $25 per user, per month #### Device Compatibilty #### Screenshots Inventory dashboard in ERPAG ([Source](https://www.capterra.com/p/142477/ERPAG/)) **Here are some review excerpts from small-business professionals who have used ERPAG for inventory management:** _"This inventory management tool has a variety of needed business features within this application. Each brings its data and transforms it into an easy-to-follow layout from which every business can benefit."_ _"Finally for a reasonable price we have been able to Integrate our inventory to manufacturing use of materials. With this feature, we can automatically track the consumption of raw materials as our inventory of final products increases during the manufacturing process which in turn give us a much better control over our supply and distribution chain."_ _"Nothing short of brilliant. Signed up for the demo and dashboard was very easy to understand and navigate. Easy to find what is where in the modules and how you can set up different formats to suit your business needs."_ [Read all ERPAG reviews here](https://www.capterra.com/p/142477/ERPAG/reviews/). ## 2\. Finale Inventory #### Trial/Free Version **Here are some review excerpts from small-business professionals who have used Finale Inventory for inventory management:** "_We have many unique nuances to our company. Finale offers many options and lots of flexibility to fill our needs and scale our business. The ability to customize features like reports and dashboards is essential for us and Finale makes it simple. Importing data is super easy and fast! Lots of great features and functionality._" _"The amount of customization available out of the box with Finale Inventory makes it an ideal tool, especially for small businesses with unusual inventory management practices._" _"Honestly, I love everything about Finale. Before we started using the software, we were using Google sheets to keep track of all of our inventory. To say that getting Finale was life changing is an understatement. It made sending POs and keeping track of inventory so much easier and faster and was pivotal in helping us grow our business.”_ [Read all Finale Inventory reviews here](https://www.capterra.com/p/149851/Finale-Inventory/reviews/). ## 3\. inFlow Inventory #### Trial/Free Version **Here are some review excerpts from small-business professionals who have used inFlow Inventory for inventory management:** _"The ability to invoice, manage inventory and run all the related reports is a great time saver."_ _"This software is capable of catering to your unique needs. It is a great option for start-ups and you get a lot of pack for the punch. You are paying a cost effective price point for optimal software. Inventory is a lot easier to manage using inFlow Inventory."_ _“InFlow has been one of the easiest inventory programs to work with. Not only is it easy to use, it is always updating with features from skus management, multiple locations inventory control, ordering and third party features and intergration."_ [Read all inFlow Inventory reviews here](https://www.capterra.com/p/78431/inFlow-Inventory/reviews/). ## 4\. QuickBooks eCommerce **Here are some review excerpts from small-business professionals who have used QuickBooks eCommerce for inventory management:** _"For an assistant Manager, I was always using and check point from manager about sales development and reduced. The feature and functions are easily to use more than excel. The document integration are useful to change between other platform. The tools are impressive and easy to use daily management chats and quick helpful software for my work, that why i recommended more than excel."_ _"I recommend this software to anybody who is looking for an easier way to manage their businesses. If you are looking to open an online business, this is probably one of the easiest way to do it. I am not a huge technology person and this platform is really userfriendly, I haven't had problems, but if I had any the support services is there to support you in real time, in a lot of languages.I speak french, english and spanish and the app can help me in any of those languages.”_ _"My overall experience with this software was effective, and life-saving software for our business coming across overseas. This is a platform that has saved us sufficient time, and yet most importantly creates an accountable system that distinguishes the needs for the business and for ourselves. Great process that leaves everyone on an accountable system."_ ## 5\. WooPOS #### Trial/Free Version - Free Trial - Free Version #### Highest-rated parameter Customer support - 4.96/5 #### Commonly used by Small businesses #### Starting price $99 per device, per month (billed annually) #### Device Compatibilty #### Screenshots Inventory dashboard in WooPOS ([Source](https://www.capterra.com/p/165410/WooCommerce/)) **Here are some review excerpts from small-business professionals who have used WooPOS for inventory management:** _"With this software, we have been able to simplify our retail process. Now we can actually USE the touch screen computer monitors we bought. So the picture and point process for ringing someone up has made the whole process faster, and easier (i.e.less mistakes) and it will help us automate some of our more complex programs and back-office activities."_ _"This includes easy SKU creation, customer database management, lots of unique special order parts, transfers between retail locations, and in-depth reports. Without a program like WooPOS, many of these critical business functions would not be possible. Customer support is absolutely incredible compared to other systems. When we have an issue, it is generally fixed within an hour.Simply unmatched."_ _"We have a necessity to be extremely detailed with our work orders for example and it being able to change the attributes so easily and often to fit our changing needs has been a great feature. Overall I find Woo Pos to be one of the better POS systems I have worked with in over 16 years in Retail."_ [Read all WooPOS reviews here](https://www.capterra.com/p/165410/WooCommerce/reviews/). ## What features do inventory management tools offer? Inventory management tools offer the following core features: **Inventory management:** Tracks and manages the quantity of resources on hand to maintain proper supply **Inventory optimization:** Streamlines stock management to ensure a balance between demand and supply and to avoid high storage costs **Product identification:** Links barcodes or serial numbers with specific items for quick identification All products listed in this report include the features mentioned above. **Besides these core features, an inventory management system also commonly tends to offer:** - Alerts/notifications - Barcode/ticket scanning - Cost tracking - Forecasting - Inventory auditing - Inventory control - Multi-location support - Order management - Purchase order management - Real-time data - Reorder management - Reporting/analytics - Search/filter - Shipping management - Supplier management ## How to choose the right inventory management software for your small business There are many inventory software options available on the market. Consider these factors to ensure you choose an effective inventory management system for your small business: - **Look for barcode scanning functionality.** Tracking the inventory level through barcode scanning allows you to easily identify where a specific product is stored in your warehouse or store. It also lets you accurately identify which inventory items require restocking. - **Determine whether multi-location support is available**. Tracking inventory movement across multiple locations is crucial to enable efficient restocking and resupply. Additionally, look for software that offers a dashboard to centralize inventory monitoring and order fulfillment for all your warehouses and stores. - **Check for the inventory forecasting capability**: An inventory management solution with forecasting capabilities will allow you to accurately determine inventory demand so you can restock your products on time as well as optimize warehouse operations. ## Common questions to ask software vendors before purchase Here are some common questions that you should ask software vendors before finalizing your inventory software purchase: Is your software compatible with my industry? Your inventory management needs will differ based on your industry of operation. For instance, you’ll have different shipping, warehouse management, storage, and reordering needs if you sell groceries versus apparel. An inventory management solution that can handle your specific inventory requirements will help you efficiently track inventory levels, streamline storage and shipping, and comply with industry-specific regulations. Does your software provide real-time inventory tracking? With real-time inventory tracking, you can set automatic reorder alerts when you’re running low on product stocks. This feature also helps determine which products are flying off the shelves faster so you can plan to reorder accordingly. Can your software set and track inventory KPIs? Your small business might have certain KPIs to track, such as rate of inventory turnover, inventory carrying costs, and demand forecast accuracy. An inventory management tool with KPI tracking functionality will allow you to assess your sales, optimize inventory costs, and maintain optimum stock levels for products with high demand. * * * **Methodology** To be considered for this list, products had to: - Have at least 20 unique product reviews from users in the inventory management industry, published on Capterra between February 2020-22. We selected the five products with the highest ratings to feature in this article. - Offer the following core inventory management features: inventory management, product identification, and inventory optimization. To determine which size businesses each product is “commonly used by,” we check if at least 20% of reviewers come from a particular business size, and only then classify the product as having customers from that business size. Review excerpts are passages extracted from longer reviews written by verified reviewers. We obtain these excerpts by applying an algorithm that considers factors including, but not limited to, length, topic coverage, and thematic relevance. Excerpts are evaluated for positive or negative sentiment and receive a sentiment score. Excerpts represent user opinion and do not represent the views of, nor constitute an endorsement by Capterra or its affiliates. Excerpts are not edited for clarity or grammar. Read more about our editorial independence. * * * Looking for Inventory Management software?Check out Capterra's list of the [best Inventory Management software](https://www.capterra.com/inventory-management-software/) solutions. ### Was this article helpful? * * * ## About the Author [### Ashish Upadhyay](https://www.capterra.com/resources/author/aupadhyay/) Ashish Upadhyay is a writer at Capterra. He provides insights to help small businesses identify the right software for their needs by analyzing over 550,000 Capterra user reviews and nearly 48,000 interactions between Capterra software advisors and buyers. 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