These days, a lot of businesses are using cloud-based systems to manage their inventory. They’re popular because they’re flexible, easy to access, and don’t require expensive, complicated in-house setups. With cloud-based inventory management, you can check live data from anywhere, easily connect with other tools you use, and enjoy automatic updates that keep everything secure and current.
Understanding Cloud-Based Inventory Management Systems
Cloud-based inventory management systems are tools that help businesses keep track of their stock using the internet. Unlike older systems that need lots of computer equipment on-site, these systems store all your inventory data online. This means you can check your stock from any device, like a phone or computer, as long as you’re connected to the internet.
These systems update your inventory numbers automatically whenever you sell, receive, or move products. This real-time updating is a big deal because it helps prevent mistakes that can happen with manual updates, making sure you always have the right information.
Cloud systems are seen as better because they’re flexible and can grow with your business without needing new hardware. They’re easy to access from anywhere, and you always get the latest features and security updates automatically.
Here’s what cloud-based inventory systems can do that sets it apart from other inventory methods.
- View your current stock levels to avoid overstocking or running out.
- Sync with sales, accounting, and shipping tools to reduce errors and save time.
- Get notified when stock is low or orders are updated, allowing quick action.
- Manage stock across multiple locations from one system for easier tracking.
- Easily scale as your business grows without needing new equipment.
- Analyze sales and stock trends for better business decisions.
- Simple to use, so you can spend more time being productive.
- Manage inventory on the go from your phone or tablet.
- Display key info that matters most to your business using customizable dashboards.
- Protect your data with strong security features against unauthorized access.
12 Best Cloud-Based Inventory Management Systems for Small Businesses
For small and medium-sized businesses (SMBs), the right cloud-based inventory management system can transform operations by keeping track of stock efficiently and supporting growth. Here are twelve standout options, each offering unique features and advantages suited for SMBs:
- TradeGecko (now QuickBooks Commerce) offers seamless integration with QuickBooks, making it easy to manage finances alongside inventory. It provides real-time stock tracking and manages sales across channels, starting at $39/month. Its ease of use and scalability make it ideal for SMBs looking to optimize operations without complex setups.
- Zoho Inventory is perfect for businesses already in the Zoho ecosystem. It offers detailed inventory and order management and integrates with other Zoho apps. It’s free for up to 50 orders monthly, with paid plans starting at $59, allowing SMBs to grow without straining budgets.
- Cin7 provides advanced tools for managing complex inventory systems. Starting at $299/month, it includes integration capabilities for both B2B and B2C, making it suitable for SMBs that need comprehensive control without juggling multiple platforms.
- Ordoro combines inventory and shipping management, making it a favorite among e-commerce businesses. With plans starting at $59/month, it supports dropshipping and simplifies order fulfillment, making it a great choice for SMBs expanding their online presence.
- Unleashed provides robust real-time tracking and analytics, starting at $109/month. It helps SMBs understand inventory trends and make informed decisions, thanks to its comprehensive reporting features, which are crucial for future growth planning.
- Veeqo excels in multi-channel inventory management, offering centralized control over sales and shipping. Starting at $156/month, it reduces errors and enhances efficiency, ideal for SMBs operating on multiple sales platforms.
- Stitch Labs is known for effective multichannel sales and inventory management, with custom pricing based on features. It streamlines operations across sales channels, making it perfect for SMBs aiming to enhance their selling processes without complexity.
- DEAR Inventory automates many tasks like accounting and sales processes, starting at $249/month. It integrates well with major platforms, making it excellent for SMBs looking to decrease manual work and streamline financial operations.
- Fishbowl Inventory is tailored for manufacturing and warehouse management, providing strong QuickBooks integration. With custom pricing, it offers detailed control over inventory, making it ideal for SMBs that require comprehensive oversight without the high costs of enterprise solutions.
- inFlow Inventory supports barcode scanning and manages multiple locations, starting at $79/month. Its flexibility and customization options make it suitable for SMBs with specific inventory needs, offering adaptability as business scales.
- NetSuite ERP provides an all-in-one solution with comprehensive ERP and inventory management, offering quote-based pricing. It’s perfect for SMBs wanting to unify their operations under one system, reducing the need for multiple software tools.
- Square for Retail integrates inventory management with POS systems and provides detailed sales analytics. With a free plan and paid options from $60/month, it’s an excellent choice for retail SMBs seeking seamless integration to boost customer service and streamline operations.
Picking the right cloud-based inventory management system is a big step for any small or medium-sized business. It’s essential to look closely at both the features each system offers and how much it costs. Think about what your business needs most—whether it’s tracking inventory in real-time, managing sales across different channels, or integrating smoothly with other tools you already use. At the same time, make sure the price works for your budget, allowing you to grow without any financial stress.