The Best Vendor Managed Inventory Software

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Erply Screenshot

Erply

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 capabilities. Detailed purchase orders and invoice tracking give you more insight into your daily income and expenses. And comprehensive inventory management helps you better know what you have in stock. @youtube Point of sale; Self checkout;
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Starting Price
$19/month
Client OS
Web
Deployment
Cloud Hosted
Thrive Screenshot

Thrive

Thrive Technologies provides a cloud based inventory optimization software that provides demand forecasting and inventory replenishment. The software aims to provide multi-location wholesale distributors and retailers with accuracy of projected demand at the SKU and aggregate levels which can cut out of stocks and lost sales by 50%. Estimate future sales and improve the accuracy of that forecast to increase inventory profitability with Thrive Technologies. Thrive Technologies offers these major
Deployment
Cloud Hosted
DELMIAWorks Screenshot

DELMIAWorks

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DELMIAWorks, [formerly IQMS EnterpriseIQ](https://blogs.solidworks.com/delmiaworks/what-is-iqms/) before being acquired by Dassault Systèmes, is an end-to-end manufacturing ERP. Top features include real-time shop floor control, materials management, and quality compliance. Catering to the needs of small to mid-market companies in industries such as aerospace, automotive, and plastics, DELMIAWorks offers real-time insights into manufacturing operations. The software supports various languages like English, Czech, Dutch, French, German, Irish, Italian, Spanish, and Chinese (simplified and traditional). Mobile apps are available for several modules to provide remote access.
Client OS
Windows
Deployment
Cloud or On-Premises
TrueCommerce Screenshot

TrueCommerce

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TrueCommerce EDI platform is uniquely designed to make it simple and easy to implement EDI, and even easier to afford. That’s why only TrueCommerce can provide all of the following benefits: Single-source, end-to-end solution - Everything you need to fully implement EDI from one source!; Point-and-click functionality - User interface that makes the Electronic Data Interchange translation software as intuitive to use as e-mail!; Customer support - Friendly and knowledgeable EDI specialists at the
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Windows, Web
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Cloud Hosted
Latitude WMS Screenshot

Latitude WMS

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Latitude WMS is a warehouse management software. It automates core warehouse transactions like receiving, put-away, multi-zone picking, cycle counting, and shipping. The system can also handle vertical lift integration, lot and serial number tracking, consigned inventory management, and voice picking. It’s best suited for medium to large-scale warehouse operations in the industrial, retail, wholesale, and medical sectors.
Client OS
Windows, macOS, Linux, iOS, Android, Web
Deployment
On-Premises
Generix Group WMS Screenshot

Generix Group WMS

The Generix Group WMS is a highly flexible and agile warehouse management system designed for companies that need their supply chains to be nimble, efficient, and scaling. The Generix Group WMS meets the needs of a wide range of regulatory and other industry requirements and is measured equally by the scope of its software as well as the speed and quality of its implementation. Some of the industries served include: Food & beverage, medical & pharma, consumer packaged goods, automotive &
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Windows, iOS, Android, Web
Deployment
Cloud or On-Premises
Atlas Planning Screenshot

Atlas Planning

Atlas Planning is an end-to-end planning platform for your digital supply chain. Modern supply chains must immediately sense and respond to ever-changing demand patterns and disruptions in the marketplace. For over 20 years, leading companies have mastered that challenge with the Atlas Planning Platform. The Atlas platform creates a complete digital twin of your end-to-end physical supply chain and continuously optimizes it using advanced machine learning algorithms and the latest AI technology.
Client OS
Windows, macOS, Web
Deployment
Cloud Hosted
CCH Tagetik Supply Chain Planning Screenshot
CCH Tagetik Supply Chain Planning software integrates demand, inventory, supply, and financial management. Key features include the ability to reconcile management data with accounting and forecast data in a single environment, customization capabilities for tailored solutions, and automation in consolidation processes. The software’s integration with financial performance management makes it a powerful tool for CFOs and COOs looking to drive growth.
Client OS
Web
Deployment
Cloud Hosted
Softeon VMI Screenshot

Softeon VMI

Softeon Vendor Managed Inventory (VMI) helps track vendor inventory ownership and transfer of ownership at a DC and store level. This optimizes store replenishment based on forecasts or sales history. Softeon VMI intends to boost inventory planning and demand balancing through sales and operations planning (S&OP). The inventory-demand balancing and demand balancing offered in a single solution lets stakeholders see into their networks and perform better demand forecasting and inventory planning
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 manages inventory at the point-of-use to increase sales and service levels, optimize inventory and eliminate stockouts.
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Starting Price
$40/stockroom/month
Client OS
Web
Deployment
Cloud Hosted
QuickBooks Commerce Screenshot

QuickBooks Commerce

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 product, order, and customer in one place. Create purchase orders, backorders, stock takes and adjustments, and easily track pack sizes, batches, and expiry dates. Email quotes and send customers a link to invoices with credit card payments built
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Starting Price
$20/month
Client OS
Web
Deployment
Cloud Hosted
Orderhive Screenshot

Orderhive

Orderhive is an automation software intended to improve your ecommerce operations through multi-channel order, shipping, and inventory management capabilities. All of your sales orders, stock updates, order updates, shipping label creation, and payment acceptance can be handled via Orderhive. The software also integrates with many popular eCommerce platforms such as Amazon, eBay, Shopify, WooCommerce, QuickBooks, Xero, and more. Ecommerce Automation; Inventory Management; Product Listing
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Starting Price
$44.99/month
Client OS
Web
Deployment
Cloud Hosted
Clear Spider Screenshot

Clear Spider

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Clear Spider is a highly customizable and versatile inventory management software. This customizable solution can tailor functionality to unique business data and operational needs. It assists in organizing, tracking, and documenting inventory via a centralized database. A few key features include barcode scanning, serialized inventory, and analytics. With a cloud-based deployment, Clear Spider offers accessibility through various platforms, including web apps and mobile support, catering to both SMEs and large enterprises.
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Starting Price
$375/month
Deployment
Cloud Hosted
Fishbowl Inventory Screenshot

Fishbowl Inventory

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Fishbowl Inventory is an out-of-the-box software which caters to a lot of different industries in need of inventory management tools.
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Starting Price
$4,395 (perpetual license)
Client OS
Windows, macOS
Deployment
Cloud or On-Premises
3PL Warehouse Manager Screenshot
Extensiv 3PL Warehouse Manager (formerly 3PL Central) is a cloud-based warehouse management solution designed to manage inventory, automate routine tasks, and deliver complete visibility to their customers. It focuses on replacing paper-based, error-prone activities with a comprehensive digital solution, offering features such as intelligent workflow capabilities, automated order and receiving processing, and real-time reporting. This platform is aimed at improving customer satisfaction, operational efficiency, and growth potential.
Starting Price
$599/month
Client OS
Web
Deployment
Cloud Hosted
Warehouse Management - WISE Screenshot

Warehouse Management - WISE

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WISE features comprehensive Inventory Control that affords immediate visibility to all. It is a real time system that can integrate into your existing host systems or stand-alone. Receiving, dynamic put away, let downs replenishment and forward pick are standard. Dynamic space management is another key feature of WISE. The system always knows where inventory is right at all times. Both Cycle count and Physical inventories are core functionality. Pre-Manifesting, cubing and load planning are additional key features. WISE is a complete solution from source (raw materials) to consumption (delivery acceptance).
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Windows, Web
Deployment
Cloud Hosted
Da Vinci WMS Screenshot
Da Vinci is Wolin Design Group’s cloud-based or on-premise supply chain management (SCM) solution designed specifically for small and midsize 3PLs, internet retailers and wholesale businesses with demanding warehouse, fulfillment and transportation needs. In addition to a WMS and TMS, Da Vinci also offers YMS, EDI/ERP and shopping cart integration. Da Vinci comes with barcode scanning, small parcel manifesting, pick & pack, wave processing, smart packing cartonization, UCC128/GS1 support, reporting, yard management and LTL/FTL support and more.
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Client OS
Web
Deployment
Cloud or On-Premises

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Buyer’s Guide

What is Vendor Managed Inventory (VMI) Software?

Vendor managed inventory software, also known as VMI software, is an inventory management software where a vendor creates orders for their customers based on demand information they receive from the customer. VMI systems support the practice of managing inventory stored at a customer’s site. These solutions allow a supplier of goods (such as a manufacturer) to optimize the inventory held separately by the buyer (usually a distributor or retailer) by telling the supplier how much of each item to send to a customer’s location.

The most important use of this type of solution is for replenishment purposes. VMI software utilizes stock status data such as on-hand inventory, daily sales, and goods in transit information that is provided directly from the customer. This data (usually received via EDI software documents) helps generate demand forecasts in order to create optimized vendor managed inventory orders.

A VMI system follows a supply chain planning process similar to distribution requirements planning (DRP software), which calculates inventory requirements and generates purchase orders and inventory transfers to meet the replenishment needs of their customers. Implementing this software in your supply chain management environment will help you deliver goods to your customers more efficiently by determining the type of goods, the number of goods, and the location that has those goods in stock that will be needed to meet any demand.

Softeon VMI Software Dashboard
The dashboard of Softeon VMI.

Should Your Business Implement A Vendor Managed Inventory (VMI) Software?

Implementing a vendor managed inventory system with your clients and customers is the beginning of establishing a long-term relationship. In a traditional setting, a buyer is the one making decisions about order sizes and quantities. With a VMI approach, the supplier themselves determine the order size–meaning they are making decisions on behalf of the buyer. These decisions impact order costs, inventory holding costs, and have a direct impact on the stock levels at both organizations.

For the vendor, a vendor managed inventory software helps reduce business volatility while keeping a steady cash flow. They will also have better insight into the customer’s wants and needs–making it easier to provide quality service. Retailers and distributors (the buyers) can also benefit in many ways. Products tend to be shipped to the customers ahead of schedule–as the supplier will simply treat them as another inventory location. Whenever the buyer decides to consume a part of the inventory, they will be promptly invoiced. This allows immediate access to the materials and goods that they need at that moment.

A VMI software will operate similarly to a standard inventory system. The customer can quickly scan item barcodes to determine the location in their own warehouse. As the item is taken into use by the customer, the software will automatically order a new item from the vendor’s supply source.

![ERPLY Inventory vendor managed inventory software]/images/screenshots/screenshot-erply-inventory-350275) Manage inventory products in Erply.

Features of Vendor Managed Inventory (VMI) Software

  • Inventory Management: Keeps track of all information about the items that your company builds, buys, stores, or sells. Simplifies pricing products and helps maintain the most effective stock levels. Includes lot and serial traceability.
  • Demand Forecasting: Forecast demand for a product so it can be developed and shipped as efficiently as possible. Coordinates data from separate units of your customer’s business (primarily sales, marketing, and operations) to make more informed supply chain planning decisions. Increases inventory turns and fill rates. Identify non-performing inventory SKUs and avoid overstocking.
  • E-Commerce: Integrate with shopping carts and web stores in order to streamline shipping options, payment options, and inventory levels. Manage the goods being sold via your eCommerce store with a stock control system or warehouse management system (WMS). Simplifies pricing products and helps maintain the most effective stock levels. Lets you know exactly what you have on hand and where to find it.
  • Electronic Data Interchange (EDI): Facilitates the exchange of business documents from one computer to another in a standard electronic format between trading partners. Includes data such as shipping statuses, invoices, purchase orders, inventory documents, and customs information.

Benefits of Vendor Managed Inventory (VMI) Software

The top benefits of vendor managed inventory solutions include:

Stay Compliant With Your VMI Agreements With The Correct Stock Counts

As VMI agreements are private contracts, they are not regulated by any legal code nor is there any codified structure to conform to. However, their importance in VMI relationships cannot be understated.

When you work alongside your client, you’ll conduct a collaborative forecasting effort to discover mutual goals between both businesses. Examples include the number of inventory turns or desired service levels. These are the types of things you’ll want to honor on a consistent basis–something VMI software will help you achieve.

VMI software will allow your client the ability to access the software and view their item forecasts. This will allow them to provide feedback and maximize forecast accuracy and reduce unncecessary overstocking on the business side.

TrueCommerce Transaction Details VMI Solutions
View pick and pack transaction details in TrueCommerce.

Reduce The Number Of Returned Goods

Since VMI software gives you direct access to your customer’s inventory levels, your business will be put in charge of ensuring clients have the proper level of inventory on-hand to fulfill orders. This is especially important in consumer packaged goods (CPG), or merchandise that customers use up and replace on a frequent basis. This includes food, beverages, cosmetics, and cleaning products.

Vendor managed inventory solutions ensure overstocking issues never come about. The distributor or retailer inventory levels are closely monitored to ensure proper stock levels based on their past, current, and expected sales. With the headache of returns eliminated from your warehouse, your business can face less pressure in their day to day operations and focus on more important tasks.

Likewise, since these solutions calculate the volume of products required at multiple locations, it can also help determine the most optimal vehicle movements. This is accomplished through accurate demand forecasting–allowing you to analyze and predict sales trends across multiple customers, products, and time periods.

Latitude WMS Daily Activity Sheets Vendor Managed Inventory Software
View daily activity sheets in Latitude WMS.

Calculate Seasonal Consumption Spikes

Seasonal demand for specific goods can create disruption in the market due to capacity constraints. Examples include holidays such as Christmas shopping, or rises in certain types of consumption (such as turkeys on Thanksgiving or flowers on Valentine’s Day).

By planning ahead, customers can ensure supply chain success. Any repetitive or predictable patterns of demand can re-occur at anytime, making it usually hard to forecast future demand. This can lead to selling products off in end-of-season or potentially losing out on sales.

By taking seasonality into account, as well as changing demand trends, you’ll be able to stay ahead of consumption trends while limiting the risk of stockouts. This can let you rely on your busy seasons to make the msot of your money and ensure optimum product availability. Equally, you can prevent excess stock levels to avoid cashflow problems.

Replenish Inventory eTurns Trackstock VMI Software
Replenish inventory in eTurns Trackstock.