Retail Inventory Software

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

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Popular Products

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Brightpearl Screenshot
Brightpearl
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Brightpearl is a multichannel order and inventory management for high growth merchants. The software lets you automate order fulfillment and inventory planning to grow efficiently. The Brightpearl software can provide everything you need to streamline…
Client OS
Web
Deployment
Cloud Hosted
Stratus Enterprise Screenshot
Stratus Enterprise is POS system for retail and a commerce software for powerful retail management. The software can be customized to your stroe’s requirements and used by a variety of industries, including apparel, footwear, sportsman, furniture, and…
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Starting Price
$2,500 (perpetual license)
Client OS
Web, iOS, Android
Deployment
Cloud or On-Premises
iVend Retail Screenshot
iVend Retail
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iVend Retail is a cloud-based retail management solution that provides enterprise capabilities so you can focus on daily operations and delivery exceptional brand experiences. The cloud applications within iVend Retail include: iVend Point of Sale; iVend…
Client OS
Web
Deployment
Cloud Hosted
Vend POS Screenshot
Vend POS
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Vend provides a cloud-based point of sale system that includes everything you need to run the world’s best retail. Web-based or iPad POS; Fast Staff Training; Custom Receipts; Returns, Refunds & Store Credit; Discounts and Notes; Layaways and On-Account…
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Starting Price
$99/month
Client OS
Web, iOS
Deployment
Cloud Hosted
ShopKeep Screenshot
ShopKeep
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ShopKeep is a simple, secure and supportive cloud-based point of sale system that runs on an iPad. ShopKeep also provides contract-free payment processing with a 24/7 customer support team and transparent pricing. Inventory management; Employee…
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$99/month
Client OS
Web
Deployment
Cloud Hosted
Lightspeed Retail Screenshot
Lightspeed Retail
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(1)
Lightspeed Retail is more than a retail POS software — it’s a store management system that’ll help you run every aspect of your retail business. From inventory management to data analytics, sales processing and employee management, Lightspeed’s…
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Starting Price
$99/month
Client OS
Mac, Web, Windows
Deployment
Cloud or On-Premises
QuickBooks Commerce Screenshot
QuickBooks Commerce (formerly TradeGecko) is a powerful cloud-based inventory and order management tool for modern online businesses. Combining manufacturing, sales channels, inventory locations, and currencies QuickBooks Commerce lets you manage every…
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Starting Price
$20/month
Client OS
Web
Deployment
Cloud Hosted
FieldStack Supply Screenshot
FieldStack Supply is a retail inventory automation that puts the right products at the right place and the right time—efficiently. The software brings about a smart inventory process into your retail supply chain and integrates with your ERP software or…
Client OS
Web
Deployment
Cloud Hosted
Unleashed Screenshot
The right stock, in the right place, at the right time, all the time. It’s easy and enjoyable with Unleashed inventory software. With everything online you can see how your business is ticking along in real-time from the smart dashboard. Get…
Starting Price
$99/month
Client OS
Web
Deployment
Cloud Hosted
Shopventory Screenshot
Shopventory is a real-time retail inventory management software that integrates with your sales system, including Square, Clover, Shopify, BigCommerce, Stripe, WooCommerce, and more. Shopventory helps you create and manage inventory items with ease using…
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Starting Price
$79/month
Client OS
Web
Deployment
Cloud Hosted
Erply Screenshot
Erply business software is a point of sale software for retail with strong inventory workflows. Stocktaking, invoicing, and dashboard apps are all features that allow your retail business to become successful. Erply provides real-time updates and offline…
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Starting Price
$19/month
Client OS
Web
Deployment
Cloud Hosted
WASP Inventory Control Screenshot
WASP Inventory Control
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Wasp Inventory Control is the complete inventory tracking solution for your small business. This product will greatly increase the value of your business by reducing the costs associated with: inventory write-offs, insufficient inventory levels, or time…
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Starting Price
$795 (perpetual license)
Client OS
Windows
Deployment
Cloud or On-Premises
RIOT Screenshot
RIOT is an RFID inventory management software for retailers. Specifically created for fashion retailers, RIOT RFID software solutions provide up-to-date control and visibility of inventory. The solution lets you track sales and manage inventory to save…
Client OS
Web, iOS, Android
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
RICS Software Screenshot
Founded in 1983, RICS Software is a Point-Of-Sale and Inventory Control platform specialized for footwear, apparel, and accessory retailers. The solution includes multi-location, franchises, and single-store operators. The software lets you improve…
Client OS
Web
Deployment
Cloud Hosted
Epicor Eagle Screenshot
Epicor is a fully integrated retail management software with all the capabilities your business needs to grow. This solution will help simplify sales and service, offer secure and flexible credit card processing, make smarter inventory decisions, grow…
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Starting Price
$349/month/user
Client OS
Web
Deployment
Cloud Hosted
Syncron Inventory Retail Screenshot
Syncron Inventory Retail helps automate stock refills and reduces emergency orders, air transport costs, and parts return volumes. The software helps promote dealer adoption across multiple DMS systems. By providing virtual planning to automatically stock…
Client OS
Web
Deployment
Cloud Hosted
Logiwa WMS Screenshot
Logiwa WMS is a warehouse and order fulfillment software that provides fully-integrated B2C and B2B warehouse management. The software integrates with ecommerce, shipping, and accounting platforms to stay up to date with your sales and shipment options…
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
The General Store Screenshot
The General Store
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The General Store is affordable, dependable, and powerful point of sale software with a proven track record. Since 1983, The General Store has been providing retailers worldwide with the management tools they need to succeed! Why the General Store? Easy…
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Starting Price
$695 (perpetual license)
Client OS
Windows
Deployment
On-Premises
STORIS Screenshot
STORIS offers a complete ERP solution that integrates all aspects of a retailer’s business including Point of Sale, Inventory Control, Customer Care, Accounting, Finance, Business Intelligence, Mobile Commerce, eCommerce and more. Small, Mid, & Enterprise…
Client OS
Web, Windows
Deployment
Cloud or On-Premises

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 retail inventory software recommendations that meet your exact requirements.

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Retail Inventory Software Buyer’s Guide

What is Retail Inventory Software?

Retail inventory software manages the stock and merchandise across multiple stores, eCommerce operations, catalog orders, and marketplaces. Today’s retailers may have a variety of locations while also selling on online platforms such as Amazon or even their own web store. This means inventory will need to be coordinated to reflect on-hand quantities in real-time across all of your sales channels.

Inventory management software specific to the retail industry helps your retail business allocate merchandise to stores, plan assortments per store, stock inventory received from purchase orders, pull stock for sales orders, transfer items between multiple stores, process returns, and manage a variety of different styles, brands, and more.

Outside of these retail-specific needs, retail inventory management software will also provide location analytics, inventory forecasting, procurement, stock replenishment, and more. These features combined with the use of point of sale software will increase efficiency and reduce inventory overhead, expedite fulfillment, categorize your inventory, and forecast inventory to better visualize your profits.

Retail inventory systems can be purchased as a standalone system to use alongside accounting software or ERP software, or it may be an included application within a larger retail management system. However your business receives the capability, you’ll want to make sure you have the ability to track and access critical product information. This includes item titles, SKU numbers, product descriptions, supplier SKUs, stock counts, item locations, and pricing. Product configuration is a common need for retailers, so the ability to customize additional product features is something most retailers will look into, along with traceability features such as barcoding and lot tracking.

Lightspeed Retail Import Inventory Retail Inventory Software
Import inventory items in Lightspeed Retail.

Features of Retail Inventory Software

  • Inventory Costing: Establish the cost value of inventory for profitability tracking and tax accounting. Includes FIFO, LIFO, average costing, and others.
  • Traceability: Includes barcoding, serial number tracking, lot number tracking, or RFID (radio frequency identification) tracking.
  • Product Transfers: Check inventory levels at multiple stores and transfer products from one location to another to avoid stockouts and excess inventory.
  • Repricing: Set minimum and maximum prices for your goods, create custom rules for these values, and become notified when competitors change their prices. When prices are updated across your sales channels, ensure your inventory costing figures are updated as well.
  • Multi-channel inventory: Order and sell products across multiple channels online. Connect to eCommerce apps such as Shopify, WooCommerce, and BigCommerce. Automatically adjust inventory levels based on online sales, marketplace sales, social media sales, or in-person sales.
  • Centralized Vendor Catalog: Allow suppliers access to your inventory to let them see what is available and influence their order quantities.
  • Inventory Counts: Conduct stocktakes to determine what is in stock and at what location. Track, record, and reconcile inventory.
Unleashed Retail Inventory Software
Add products to your inventory in Unleashed.

Benefits of Retail Inventory Software

The top benefits of retail inventory software include:

Keep Better Track Of Inventory Costs and Quantities

One of the reasons inventory tracking software was created in the first place was to not only keep a record of all purchases and goods on hand but to store info on both the purchase price and the retail price (the price the product is eventually sold at). Retail inventory software is no different, as it will deduct the sales of products from the initial value plus the retail value of the purchases–creating a cost-to-retail-price ratio. This figure will change dramatically depending on price fluctuations, which can happen frequently in the retail industry.

Once your inventory costs are under control, you’ll have more confidence in your inventory control records. Linking your inventory records to your sales will provide each store with the units on hand against the number purchased–providing stores with data about how many units they’ve sold, and how many they can still sell based on availability.

Moving forward with a retail inventory management system will greatly improve your accuracy over manual methods such as Excel. In manual methods, the painstaking task of combing data from purchase orders and sales reports means your staff spends valuable time with labor-intensive tasks that are prone to errors. The consequences can be dire, as incorrect counts can result in running out of stock and lead to lost sales. The level of automation provided by a retail inventory solution will provide greater insight into what should be on hand.

iVend Price List Retail Inventory Software
View a price list in iVend.

Better Forecast Your Retail Inventory Levels

A commonly undervalued feature of most inventory software, let alone retail inventory software, is the ability to forecast. A retail inventory system will let you generate reports based on past sales–letting you anticipate when customer demand will rise for specific items. This will help your business make more timely and informed purchasing decisions, allowing you to maximize your inventory space and always avoid having “too much” (preventing other products from being in stock) or “too little” (preventing timely sales from being made without a reorder).

Proper forecasting also allows you to create precise stock reports to compare stock volumes and time the best reorder points. Along with real-time report generation, retail inventory software can keep track of stock levels to avoid theft. As recently as 2015, retailers in the US reported losing $60 Billion a year to shrinkage, with 38% of respondents stating employee theft was one of the biggest reasons for the loss.

ShopKeep Back Office Analytics Retail Inventory Software
View analytics in ShopKeep.

Select Suppliers Effectively For Optimized Order Sizes

When choosing suppliers, you’ll need to consider price, product quality, reputation, and efficiency. Your vendor’s relationship with you is key, as their effectiveness will also affect your company’s reputation based on how quickly you can get new inventory in stock and meet the demands of your customers.

A retail inventory management software will have the ability to sort through and review data from your specific vendors. This view will let you navigate through their price, product quality, reputation, and how efficient and timely they have been with their orders. You may also use a vendor management tool within the retail inventory software to store data on vendor prospects, and contact particular vendors if your current ones are falling short. Better yet, you may be able to keep their price details on file and order from them if your current vendor increases their rates.

Stratus Enterprise Vendor List Retail Inventory Software
View a vendor list in Stratus Enterprise from Celerant.

What Type of Buyer Are You?

The type of retail inventory software your business needs will depend on the size of your business, the scope of your operations, and the level of functionality required.

Small Businesses

Small retail businesses (usually with less than 5 stores) will usually struggle to answer the question of when will items sell out and when is the best point to restock products (establish reorder points). Small businesses likely have no idea about the true costs of storing products that are not selling.

Retail inventory management software for small businesses usually replaces a manual method, such as the use of spreadsheets (Excel or Google Sheets). These manual methods are very time-consuming, so automation and organization are the biggest driving factors in the decision-making process for a small business. Small businesses will also care about costs–preferring software that is affordable and provides value. Otherwise, the small business may find the time investment in spreadsheets is worth the cost savings over the software.

Small businesses will likely prefer a cloud-based option that offers a subscription-based pricing model. These have low costs of entry and let the business pay on a monthly basis–putting them in more control of their use of the software and giving them the freedom to opt-out at any time.

Most basic accounting software will have a simple inventory tool, primarily used for inventory costing and simple stock count tracking. If your retail management system or POS software includes accounting, it may also include this functionality. For most small businesses, this satisfies their inventory requirement. Businesses looking for something standalone may want to look for a solution that can integrate with other popular accounting solutions.

QuickBooks Commerce Retail Inventory Software
QuickBooks Commerce is a common choice for small businesses.

Retail Businesses With Multiple Locations

A growing retail business or a retail business that has a handful of locations will usually have more complex inventory needs. These locations may share inventory and require items to be sent back and forth to different locations depending on availability and current demand. Likewise, these stores may share a centralized warehouse location and will need to know how many specific products are in stock at the warehouse so two locations do not accidentally sell the same item.

Retailers of this size may also require different items for different departments. Classifying inventory into various subcategories can help expedite the products getting to the correct location when they are required at an individual store. These types of systems may be able to include a matrix that tracks items by color, style, size, and more–something that is commonly needed in the apparel industry.

Shopventory Inventory Reports Retail Inventory Software
Create a variety of retail inventory reports in Shopventory.

Larger Retailers With Multi-Channel Sales

A large retail operation may have started small and grown to where they are today. In this scenario, they likely have a framework in place and have already made a substantial investment into their point of sale or accounting systems. This type of business should focus on finding a standalone solution that can integrate into their existing software environment. The features included in a standalone solution include inventory optimization, stock control, and demand planning–letting your business not be held back by the limits of your ERP system.

Alternatively, a large retail operation can consider a fully-integrated suite, which includes everything your retail business needs to survive–including retail inventory. These solutions will typically integrate accounting, point of sale, purchase orders, inventory, and more.

Larger retailers may also benefit through the use of multi-channel eCommerce software, which allows them to advertise their products and services on their online stores across a variety of websites, such as Amazon, eBay, and more. This type of software works best for a retail business that works in both brick and mortar and online sales. The use of an eCommerce software, or a retail management system with eCommerce functionality, will allow your business to streamline online advertising, target different demographics by channel, reach new audiences through social sharing, and sell products on multiple platforms.

When it comes to retail inventory, a multichannel eCommerce software will automatically update item quantities on your marketplace postings. If your items are advertised on a number of websites, the system will automatically sync with them to ensure stockouts or overselling.

ROIT Retail Inventory Software
A variance report in RIOT.

Pricing of Retail Inventory Software

The cost of retail inventory software starts at $19/month to $300/month for cloud-based options on a subscription-based pricing model. Locally hosted (on-premise) options can be bought outright–starting from $695/one-time to $2,500/one-time. The cost of the software will be dependent on the number of required users, the number of included features, and whether or not it is a standalone retail inventory solution or a part of larger retail management software or ERP system.

Common cost factors with retail inventory management software include:

  • Number of users
  • Deployment method
  • Number of warehouses
  • Level of inventory being tracked (total SKUs)
  • Any needed implementation or training
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