Which is the best software for retail management software?

Managing an inventory is not a simple task that can still be done manually. Every retailer with a multichannel or omnichannel e-commerce plan needs to know which are the best options to solve this important part of the product lifecycle.
Besides, an inventory management software doesn’t simply keep track of stocks in your warehouses — its goals are more complex and it needs to integrate a lot of other tools and work seamlessly with your ERP (Enterprise Resource Planning) and complementary product experience management systems like your PIM. The best retail inventory management software also keeps track of prices and costs, purchases, deliveries, locations, cash register through a POS (Point-of-Sale) system for physical stores and customer shopping patterns across multiple channels and even countries.
With no further ado, let’s take a look at the top retail inventory management software of 2019 — we have options for large, medium and small enterprises looking for the most suitable solution.
The 10 best retail inventory management software you should know
Oracle NetSuite OneWorld
Pros: As one of the top quality companies for management software, Oracle has the strongest features for retail inventory management software, like SCM (Supply Chain Management), CRM (Customer Relationship Management), Just-in-Time Inventory, Interface with Point-of-Sale (POS), multicurrency, multi-warehouse management, low stock notifications, automatic reorders and dropshipping option — all based in a modular system that’s totally customizable and scalable.
Cons: It’s an expensive system, the license’s price starts in $999, but surely it’s one of the best inventory management software. It only works in the cloud and you will need a highly specialized tech team, as Oracle’s features can be pretty complex and its help service is not the greatest.
Acumatica
Pros: Automatica is an easy inventory management software that can be used as an on-premise or cloud system, and it’s very easy to use in mobile devices too (both iOS and Android). It has a intuitive design and offers a complete package of features and good scalability options for medium enterprises.
Cons: Like Oracle system, Acumatica is also a first-class retail inventory management software and its base price is $1,000. And you will need to personalize some of the features, which can be tricky without a good ERP integration and a dedicated team.
EZOOfficeInventory
Pros: EZOOfficeInventory is a retail inventory management software that covers and centralizes the complete product lifecycle and includes spreadsheet importations, barcoding, QR codes, stock and location tracking functions. They offer a 15-days free trial if you’re not sure about it, but it has a great starting price of $29.99/month. You can work as a cloud or SaaS system, via website or app.
Cons: Their customer service can be a bit limited (just online queries). The tool also lacks more search and bulk edition options, and it has responsive issues in some screens.
Multiorders
Pros: Not all retailers and vendors need the best retail management software and they could survive with a more modest and affordable pack. Multi orders is a great option for SMEs with a smaller product range. You can manage orders and stocks from your own online store and via marketplaces like Etsy in a very simple way.
Cons: Although Multi orders it’s a pretty accessible tool for SMEs, there’s also a lot missing for more complex management processes, like barcoding creation, kitting, supplier and retail inventory management functions.
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Source: Top 10 retail inventory management software of 2019
Location: London, UK

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