Inventory Optimization Software

Get the best inventory optimization software for your business. Compare product reviews, pricing below. Read our buyer’s guide for more help.

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Optimiza Screenshot
Optimiza
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Optimiza is an inventory optimization and supply & demand planning software created by Llamasoft. Companies worldwide depend on Optimiza to improve service levels with greater forecasting accuracy. With supply/demand planning, you get better inventory…
Client OS
Web
Deployment
Cloud Hosted
TRXio Screenshot
TRXio
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TRXio is an inventory management solution designed by Cairnstack Software. By creating live QR codes, this system scans inventory labels so you can track products without the hassle of manual data entry. Live QR Code Traceability; Movement Analytics…
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Starting Price
$159/month/user
Client OS
Web
Deployment
Cloud Hosted
Logility Inventory Optimization Screenshot
Logility Inventory Optimization software is designed for multi-echelon inventory optimization (MEIO). This solution controls all stages and locations of your supply chain network to reduce carrying costs. You can even evaluate “what-if” scenarios to…
Client OS
Web
Deployment
Cloud Hosted
GMDH Streamline Screenshot
GMDH Streamline is a supply chain planning tool designed to cut your inventory and sell more products. GMDH Streamline helps you meet your business goals through demand forecasting, inventory planning, inventory optimization, and material requirements…
Client OS
Windows
Deployment
On-Premises
Optimity Screenshot
Optimity is a supply chain planning solution that provides your manufacturing/distribution business with clear visibility and control over your supply chain processes. This solution directly addresses the difficulties of increasing costs and competition…
Client OS
Web, Windows
Deployment
Cloud or On-Premises
Fishbowl Inventory Screenshot
Fishbowl Inventory
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As companies grow they find that the QuickBooks Inventory control capabilities are no longer sufficient for their inventory control needs. They expand beyond multiple locations, the number of products they stock increases, they move into manufacturing…
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Starting Price
$4,395 (perpetual license)
Client OS
Mac, Windows
Deployment
Cloud or On-Premises
EazyStock Screenshot
EazyStock
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EazyStock is an inventory management and optimization software solution that helps small to mid-size businesses control inventories, automate purchasing, and lower costs. The EazyStock platform automatically generates purchase orders when supplies or…
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Starting Price
$750/month
Client OS
Web
Deployment
Cloud Hosted
AnyLogistix Screenshot
AnyLogistix
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AnyLogistix (ALX) is a supply chain management software. This solution is notable for including a supply chain digital twin, a custom simulation model to predict network behavior. Use the model to generate forecasts and test action plans before applying…
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Starting Price
$18,000/year
Client OS
Web
Deployment
Cloud Hosted
FlowTrac Screenshot
FlowTrac has many features to track your inventory, assets, labor and processes efficiently using the right software and hardware. Customization can be done for your unique situation. FlowTrac helps you use Barcode and RFID technology to provide better…
Client OS
Web, iOS, Android
Deployment
Cloud or On-Premises
Finale Inventory Screenshot
Finale Inventory
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Finale Inventory is a cloud-based inventory management system that is easy to understand, affordable, and adaptable to the needs of your business. You can access Finale from a web browser or mobile device from anywhere, so employees in different locations…
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Starting Price
$198/month
Client OS
Web
Deployment
Cloud Hosted
Zangerine Screenshot
Zangerine is a cloud-based distribution management solution for small to midsize e-commerce wholesale and distributor businesses. Zangerine provides powerful inventory management features, plus all the eCommerce tools you need. Zangerine lets users manage…
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Starting Price
$399/month
Client OS
Web
Deployment
Cloud Hosted
Agiliron Screenshot
The Complete ‘Multi-Channel Commerce’ Suite For Retailers & Wholesalers. Agiliron is an all-in-one software suite which allows you to manage all orders, inventory and customer records, from all channels, in one place. Agiliron integrates nicely with the…
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Starting Price
$99/month
Client OS
Web
Deployment
Cloud Hosted
NetSuite ERP Screenshot
NetSuite ERP
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(15)
NetSuite ERP is a cloud-based, developer-hosted, cloud ERP software platform offered on a software-as-a-service (SaaS) basis. NetSuite advertises its ERP solution as “the world’s most deployed cloud ERP” solution. NetSuite ERP is used by over 40,000…
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Starting Price
$99/month/user
Client OS
Web
Deployment
Cloud Hosted
eTurns TrackStock Screenshot
eTurns TrackStock
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eTurns TrackStock is simple, cloud-based inventory software that automates replenishment based on need and provides real-time inventory visibility into remote stockrooms. Using barcode scanners, smartphones, IoT weight sensors and RFID, eTurns TrackStock…
Starting Price
$175/month
Client OS
Web
Deployment
Cloud Hosted
SIMMS Software Screenshot
SIMMS Inventory Management Software provides your company with a major competitive advantage versus competitors who are unable to access the same strategic information. Offering a wide range of solutions, from our single user version to the 3000+ user SQL…
Client OS
Windows
Deployment
Cloud Hosted
Kechie ERP Screenshot
Kechie ERP helps streamline your business needs by automating and synchronizing the inventory management, procurement, order management, CRM, finance, and much more. Kechie ERP is part of the next generation of Cloud-based Enterprise Resource Planning…
Price Range
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Starting Price
$149/month/user
Client OS
Web
Deployment
Cloud Hosted
Odoo Screenshot
Odoo
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Odoo is the most installed business software in the world. Odoo is used by 2.000.000 users worldwide ranging from very small companies (1 user) to very large ones (300 000 users). Amongst the biggest references you can find: Odoo is the only software in…
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Client OS
Web
Deployment
Cloud or On-Premises
Skubana Screenshot
Skubana
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Skubana is a multichannel inventory management and ERP software for online retailers. This solution automates ecommerce stores to handle online orders in one platform. Skubana synchronized data with popular channels including marketplaces. Multichannel…
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Starting Price
$499/month
Client OS
Web
Deployment
Cloud Hosted
Clear Spider Screenshot
Clear Spider
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Clear Spider is designed to support the requirements of controlling inventory whether its yours, its needed for an e-commerce store, its consigned or its at a 3PL. The software is workflow enabled to emulate your processes. It also has task notification…
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Starting Price
$300/month
Client OS
Deployment
Cloud Hosted
BMI Software Screenshot
BMI is a provider of Microsoft based technology solutions to distribution companies seeking to optimize operations and maximize profits. Deployed in the “Cloud” or “On-Premises”, our solution is based on best practices and designed in conjunction with…
Client OS
Deployment
Cloud Hosted

We searched and searched, but we couldn’t find any products in our database that match your criteria. Perhaps our team of software experts can help? They’d be happy to provide a list of free inventory optimization software recommendations that meet your exact requirements.

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Inventory Optimization Software Buyer’s Guide

What is Inventory Optimization Software?

Inventory optimization is a multi-echelon supply chain management solution for creating optimal product storage and distribution conditions. This software assists small to medium size distribution centers with supply/demand forecasting, product traceability, and overall warehouse management.

Inventory optimization is beneficial to all sorts of businesses. Anyone dealing with perishable products will particularly benefit from these tools as they can reduce the chances of spoilage before the product reaches the buyer. Whether you’re a manufacturer or retail supplier, this management software makes it easier to control your product stock from the time it arrives at your warehouse until it’s distributed to the consumers.

GMDH Streamline Inventory Optimization
Optimize inventory with GMDH Streamline.

Features of Inventory Optimization Software

  • Inventory Management: Control all information about products your company builds, buys, stores, or sells.
  • Supply Chain Forecasting: Review what is currently in stock to plan for future orders. Schedule product replenishment before your shelves are empty.
  • Traceability: Track inventory along the supply chain using custom barcodes and RFID systems. Scan products in and out to get real-time inventory data.
  • Product Distribution: Handle order management directly from anywhere in your warehouse. Control the delivery of B2B or B2C sales orders.
  • Analytics Reporting: Measure key performance indicators (KPIs) to study the flow of inventory levels at your warehouse or distribution center.
AnyLogistix Inventory
AnyLogistix shows wholesale warehouse operations in real detail.

Benefits of Multi-Echelon Inventory Optimization

Some of the main benefits of inventory optimization:

More Accurate Stock Metrics

Like a warehouse management (WMS) software, inventory optimization makes it easier to track all of your product stock. Traceability methods like barcodes and RFID let you automate adding new stock into your tracking system. Create checkpoints throughout your warehouse to scan inventory and make sure everything is where it’s supposed to be.

Accurate multi-echelon inventory tracking allows you to allocate safety stocks as well. These are the products you keep on-hand in case a shortage or delay occurs elsewhere on the supply chain.

TRXio Inventory Permissions
Adjust inventory with TRXio software.

Real-Time Inventory Level Updates Anywhere

Inventory optimization software is usable on mobile devices like smartphones and tablets. Follow your entire multi-echelon supply chain from anywhere you are using Cloud-based solutions.

If you regularly travel to meet with investors and business partners, you’ve probably dealt with the hassle of printing out spreadsheets and reports in advance. What happens if you arrive and realize you’re missing documents? Don’t let a missing statistic jeopardize your business relationships. With mobile access to inventory levels, you can provide your partners, suppliers, and retailers with digital copies of real-time data.

Faster Stock Replenishing

By optimizing your inventory, you can better forecast stock replenishment. Follow real-time inventory level updates to determine when it’s time to order replenishments. And use forecasting applications to identify emerging market trends.

Knowing when to replenish your stock can give you a big advantage over your competitors. You’ll enjoy shorter lead times by placing your reorders early. And your customers will enjoy higher service levels as their orders are completed faster. Inventory optimization uses forecasting applications and real-time stock levels to provide accurate product predictions.

FIFO/LIFO Compliance Tracking

Certain products like food, beverages, and medications must be distributed according to FIFO rules. This means your warehouse has to make it easy to sort perishables based on their sell-by date. Optimize your inventory policies so you always know which batches are close to expiring and need to be sold next.

How is Inventory Optimization Different from Inventory Management?

While inventory optimization has some overlap with inventory management, the two have several distinct differences. Inventory management is designed to track information about your products. While this can include some distribution data it’s primarily aimed at pricing. Multi-echelon inventory optimization tracks the products themselves in order to find better ways to store, organize, and distribute stock across the entire supply chain.

Optimity Inventory Planning
Use Optimity to optimize inventory plans.

Pain Points of Inventory Optimization

When optimizing your inventory system, be aware of the following problems:

Unexpected Supply Chain Interruptions

Multi-echelon supply chains have multiple points of vulnerability. Is a manufacturer falling behind on orders? Did unusual weather cause a surplus of orders for normally seasonal products? There are all sorts of reasons your supply chain could be interrupted by outside factors. Inventory optimization solutions make it easy to recover from these unexpected difficulties without draining your safety stock.

For example, imagine a textile manufacturer has a dye error which ruins an entire batch of fabric. You can review your current stock levels to see how long you can wait for a new batch before having to access your safety stock.

FlowTrac Pick Orders
FlowTrac tracks optimized pick orders.

Overstock and Product Shortages

Predicting customer patterns isn’t easy, even with forecasting tools. Inventory optimization software can give you real-time updates on which products are coming in and how they’re being distributed. By adding this daily data into your forecasting you can get more accurate metrics and predict upcoming buyer trends. Then you can plan ahead to avoid getting stuck with unreasonable overstock. Or start replenishing popular products before your competition gets the chance.

Communication Failures

Related to supply chain interruptions, just because your distribution center is optimized doesn’t mean your suppliers and buyers are. You could have every shelf perfectly stocked only to receive a surprise shipment from a supplier who doesn’t know you’re at capacity. Effective communication with your multi-echelon supply chain partners can prevent these costly mistakes.

Managing Recalls and Returns

Product recalls can be costly for everyone involved. While some defective products can be immediately destroyed others have to be returned to the manufacturer for testing. As the distributor, you may be responsible for taking in and storing recalled goods. Lower your losses by optimizing your warehouse to manage recalled stock.

Fishbowl Inventory
Use Fishbowl Inventory to compare purchase and sales orders.
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