The world is becoming more and more digital as we speak, and E-Commerce is flourishing worldwide. If you’re a business owner who is planning to set up your online shop, you would probably be wondering what are the best website builders to help build your online shop and what are the best payment gateways for managing your online payments. But amidst all these technical hassles, you might forget to take care of one of the key aspects of running a successful E-commerce business – Inventory management. Managing your inventory can be very difficult, especially when just starting your business. Just one small mistake in managing your inventory will create a ripple effect that affects your entire chain of operations. This is why many successful businesses use inventory management software to manage their inventory.
Having trouble starting your eCommerce business from scratch? Get in touch with an E-commerce website development company to handle all your needs & get your business up & running.
Suppose you’re still limited to managing your inventory manually on a spreadsheet or maybe even not managing it at all. Such a situation can potentially cause catastrophic losses and hinder the overall growth of your business. To overcome this, inventory management software is key. However, checking out all the inventory management software in India could be a bit tedious. We bring you this list of India’s top 5 Inventory management software in 2023 to help you choose the best inventory management software that suits your business.
- 1 What is Inventory management software and why do you need it?
- 2 Top 5 Inventory Management Software in India in 2023
- 2.1 Zoho Inventory
- 2.2 Oracle NetSuite
- 2.3 Cin7
- 2.4 QuickBooks Commerce
- 2.5 Vyapar
- 3 Conclusion
What is Inventory management software and why do you need it?
The inventory management software tool automates inventory and warehouse management aspects, which helps streamline the necessary tasks to track inventory, manage to reorder and update accounting information.
If you think inventory management and top inventory management software in India in 2023 are just things for big players, remember this – Inventory management affects every aspect of your business. Inventory management is the key to running a successful business, from warehousing costs to stocking to fulfilling orders accurately and on time.
This is why you need inventory management software to help you manage your inventory efficiently. Here are the top 5 inventory management software in India in 2023.
Top 5 Inventory Management Software in India in 2023
Zoho Inventory provides businesses with the complete suite of software-based services required to manage order fulfilment, monitor shipping costs, and drive sales. The software provides all of the features required to manage an entire supply chain, allowing businesses to avoid relying on multiple service providers.
- World-Class Order Management
- End-to-End Tracking
- Real-Time Shipping Rates
- Barcode Inventory Management
- GST billing handling
Zoho Inventory offers integrations that integrate with various marketplaces to handle sales and adjust stock levels in real time. You can manage your sales across AfterShip, PayPal, Amazon, Shopify, Etsy, eBay, Razorpay, etc.
- Live chat
- Phone support
- Community forums
E-Commerce Businesses, Small and medium-sized businesses.
The Five plans are,
- Free-INR 0
- Standard-INR 14,999
- Professional-INR 26,999
- Premium-INR 40,999
- Elite-INR 72,999
Oracle NetSuite Inventory Management offers a comprehensive set of tools for maximizing inventory availability and levels. It allows your company to instantly gain an in-depth, real-time view of key suppliers, shop floor performance metrics, and inventory management.
- Multi-location Fulfillment
- Inventory auditing
- Inventory tracking
- Order management
- Warehouse management
Oracle NetSuite integrates with many leading business software providers and offers open APIs to develop new integrations
- 24/7 support with a live representative
- Email and chat support
- Documentation and webinars support
Businesses of all sizes
Oracle NetSuite pricing includes a monthly licensing fee of $999 and a per-user fee that begins at $99 per month.
Cin7 is a cloud-based inventory management software that is fully integrated and helps streamline stock management across various channels. Cin7 incorporates your products, distribution channels, stock locations, orders, warehouses, process flows, reports, and other systems into a single automated solution.
- Inventory Management
- Direct EDI
- KPI Tracking
- Data Mining
- Custom Dashboard
Cin7 integrates online sales channels, POS systems, and third-party integrations and provides a seamless inventory management experience. It is compatible with WooCommerce, Shopify, Magnetom, eBay, Amazon, and other platforms.
- Dedicated account manager
- Email, call support
Businesses of all sizes – from startups to established brands
It has four plans based on your company’s needs
- Growing business-149$/month
- Mature business-299$/month
- It also comes with a custom plan for your preferred business
QuickBooks Commerce’s inventory management software allows users to easily manage inventory, orders, and customers from a single platform. It is a powerful Automated Inventory Management Software with a B2B Ordering Platform for Wholesale and Multichannel eCommerce.
- Multichannel Sales
- Inventory Control
- Inventory Optimization
- Purchase Order Management
- Inventory Management Reports
QuickBooks Commerce inventory management integrations with eCommerce Apps, Shipping Apps, Warehouse Management Apps, 3PL Apps, and many more.
- 24/7 support with a live representative
- Phone, and email support
High-growth e-commerce brands
- FOUNDER – USD $39
- LITE – USD $79
- SMALL BUSINESS – USD $199
- BUSINESS – USD $599
Vyapar is a Business Accounting, Invoicing, and Inventory app designed especially for small Indian businesses, allowing you to control invoices/receipts, estimates, expenses, inventory, and clients. An optimal situation for all of your Business Accounting requirements.
- Accounts Receivable
- Billing & Invoicing
- Expense Tracking
- Mobile Access
- Customer support in English in Hindi
- Whatsapp chat support
- Call and Email support
Small businesses and medium-sized businesses
The pricing starts at INR 1999 per device/year for the mobile app and INR 2399 for mobile and desktop and is free to download.
With the industry’s ever-changing nature, inventory management systems have incorporated cost-effective features to tend to varying demands and a greater number of clients. Inventory management assists businesses in determining which and how much stock to order at what time and avoiding storing excess goods or goods that are no longer in demand, which aids in profit maximization.
If you are just starting, you might find great insights from our article on marketing automation tools for small businesses.
If you own a small business in India, where competition is usually fierce, and you’re having trouble tracking your inventory or optimizing your warehouse and storage facilities, it’s time to use inventory management software. Thus, these are India’s top 5 inventory management software in 2023.