Inventory management software is essential for wholesale distributors, streamlining operations and optimizing efficiency. Tracking inventory levels manually for wholesale orders can easily become overwhelming, leading to stockouts, overstocking, and other issues that negatively impact profits regardless of your business size.
In this blog post, we will discuss:
- What is Wholesale Inventory Management Software?
- Why is Wholesale Inventory Management Software Important?
- Features to Consider for Your Wholesale Inventory Management Software
- Top 10 Wholesale Inventory Management Software Solutions
What is Wholesale Inventory Management Software?
Inventory software for wholesale distributors is a tool designed to optimize inventory management processes. It tracks stock levels, manages purchase orders and suppliers, organizes warehouse operations, processes sales orders, generates reports, and integrates with other business systems. Stock tracking software streamlines operations improves efficiency and enhances inventory visibility.
Related Read: Accounting Software for Wholesale Business
Why is Wholesale Inventory Management Software Important?
Inventory tracking software plays an important role in wholesale business management; It is crucial to businesses for several reasons:
- Seamless Operations: Inventory management software automates tasks like order processing and stock tracking, boosting productivity, cutting down on errors, and reducing manual work. This makes your wholesale business run more smoothly as it grows.
- Optimal Stock Tracking: Inventory tracking software gives real-time insights and forecasting tools, helping businesses keep the right amount of inventory. This means businesses can avoid running out of stock or having too much, improving customer satisfaction.
- Cost Efficiency: Wholesale inventory management software streamlines procurement, cutting down carrying costs and getting rid of unnecessary expenses. This helps businesses save money and improve their financial health.
- Precision Tracking: Tools like barcode scanning and automated data entry ensure precise inventory monitoring, saving time and reducing mistakes.
- Informed Decision-Making: Inventory management software offers real-time data and detailed reports, helping businesses make better decisions. By looking at performance metrics and spotting trends, businesses can quickly adapt to market changes and seize opportunities.
Related Read: Wholesale Inventory Management Software
Features to Consider for Your Wholesale Inventory Management Software:
- Inventory Tracking: Real-time inventory tracking is key for keeping accurate records and optimizing warehouse operations. Tracking inventory within and across multiple locations helps businesses monitor stock levels accurately, preventing stockouts or overstocking. This ensures optimal inventory management and smooth operations.
- Barcode Scanning: Using barcode scanning technology allows for accurate and efficient inventory management. Look for stock tracking software with barcode scanning features or integrations to boost inventory accuracy, streamline workflows, and enhance overall efficiency.
- Purchase Order Management: Creating, tracking, and fulfilling purchase orders efficiently is essential for a smooth procurement process and cost control. Choose software with comprehensive purchase order management features to handle the entire procurement process seamlessly.
- Supplier Management: Managing supplier relationships effectively is crucial for timely supplies and minimizing disruptions. Features like vendor information management and automated communication streamline supplier processes, improving overall efficiency.
- Reporting and Analytics: Accounting reports and analytics tools provide valuable insights into inventory performance, purchasing trends, and cost-saving opportunities.
- Flexibility: Selecting scalable software is vital for business growth without losing performance or efficiency. Opt for a solution that can grow with your business, allowing you to expand operations without facing functional or productivity limits.
Top 10 Wholesale Inventory Management Software Solutions
1. Vencru
Vencru offers a comprehensive solution for streamlined wholesale inventory management, combining essential functionalities in a user-friendly, cloud-based platform. Gain real-time stock visibility, simplify supplier communication with purchase order creation, and ensure accurate invoicing with automated barcode scanning. Optimize inventory, sales, and purchasing strategies with valuable business insights, anywhere through Vencru’s mobile app and cloud-based functionality.
Benefits
- User-friendly and comprehensive software for managing wholesale inventory including invoices, order tracking, expense management, warehouse management, accounting reports, and lots more
- Plan, manage, and compare business budgets with budgeting tools to enhance decisions
- Automatically track and generate tax reports for easy tax management
Pricing:
Vencru offers these plans with a 14-day trial period
- Free
- Starter – $6 per month
- Growth – $30 per month
- Enterprise – $50 per month
2. Ordoro
Ordoro offers cloud-based solutions crafted for wholesale inventory management with distinct apps for Shipping, Inventory Management, and Dropshipping. It is designed to simplify essential aspects of wholesale business operations. Its inventory management app is scalable and covers inventory tracking, purchase order management, manufacturing management, and warehouse management. It also integrates with accounting systems for streamlined reporting.
Benefits
- Compare rates from various carriers, purchase discounted shipping labels, and print shipping labels directly from Ordoro
- Manage production with the bill of Materials feature
Pricing:
Ordoro’s inventory management software offers a trial period with these plans:
- Advanced- $349 per month
- Premium- $499 per month
3. Cin7
Cin7 aims to make wholesale inventory management easier by providing key tools for managing inventory across different locations. It helps businesses handle purchases, manage suppliers, and track sales effectively. Plus, with seamless integration with accounting software, businesses can easily create reports and gain valuable insights into their operations. On top of that, Cin7 offers B2B e-commerce features and connects with various shipping and payment solutions.
Benefits:
- Users can set up customized workflows to manage business processes
- Create a B2B portal for streamlined customer order management
Pricing:
- Standard-$395/ month
- Pro- $599/ month
- Advanced- $999/month
- Omni- Contact sales
4. Inflow
Inflow is an inventory management software made for product-based businesses, especially wholesalers. It comes with a wide range of features, including inventory tracking, managing production and suppliers, handling orders, and setting up B2B showrooms. Additionally, Inflow provides tools for managing purchase orders and tracking sales, while easily connecting with accounting systems.
Benefits:
- Secure B2B showroom for easy sales management
- Provides an API for customizing workflows
Pricing:
Inflow offers these plans as well as a trial period to users:
- Entrepreneur- $110 per month
- Small Business- $279 per month
- Mid- Size- $549 per month
- Enterprise- $1,319 per month
5. FishBowl
FishBowl provides inventory and purchase management solutions tailored for wholesale businesses. With both cloud-based and on-premise software options, FishBowl gives you the flexibility needed for effective inventory management. Additionally, the platform includes features like managing inventory and purchase orders, tracking sales, overseeing suppliers, monitoring manufacturing processes, and handling warehouse operations.
Benefits
- Offers part tracking for optimal inventory tracking
- Fishbowl offers asset tracking and management to remain up-to-date on equipment or machinery location
Pricing:
- Fish Bowl Drive (cloud-based) warehousing: $329 per month
- FishBowl Advanced (on-premise) Warehousing: $329 per month
- Fishbowl Advanced (on-premise) Manufacturing: $429 per month
6. QuickBooks
QuickBooks provides a complete set of accounting features, including inventory management tools specifically designed for wholesalers. This cloud-based software lets you easily monitor stock levels in real time, create purchase orders, and track inventory costs. Additionally, QuickBooks combines sales data from multiple channels, giving you a complete view to make smarter purchasing decisions. It also helps you manage supplier information and generates helpful reports to assess inventory performance effectively.
Benefits:
- Offers a paid service that connects users to a dedicated bookkeeper for ongoing support with bookkeeping tasks.
- Handle employee payroll efficiently, from tax calculations and deductions to direct employee payments with an add-on at extra costs
Pricing:
Quickbooks offers these plans with a 30-day trial period:
- Simple Start – $30 per month
- Essentials – $60 per month
- Plus – $90 per month
- Advanced – $200 per month
7. Zoho Inventory
Zoho Inventory delivers a flexible cloud-based solution for wholesalers and easily connects with e-commerce platforms. It offers real-time inventory tracking, making it easy to manage suppliers and clients efficiently. Additionally, it simplifies the creation of purchase orders. With features like barcode scanning, order tracking, and useful reporting, Zoho Inventory helps you manage your inventory effectively.
Benefits:
- Offers features like bin/rack location to make organizing and retrieving inventory easier in a warehouse
- Integrates with marketplaces and e-commerce platforms to manage orders from multiple sources
Pricing:
Zoho Inventory offers these plans and a trial period:
- Free
- Standard – $39 per month
- Professional – $99 per month
- Premium – $159 per month
- Enterprise – $299 per month
8. Xero
Xero provides a complete cloud-based inventory management system that’s perfect for wholesalers. With Xero, you can easily track stock levels in real-time, helping you optimize inventory and avoid running out of products. Plus, you can manage suppliers and create purchase orders right within the platform, which streamlines communication and makes order fulfillment smoother. Additionally, Xero automates stock-level management, reduces manual work, and ensures your data stays accurate
Benefits
- It offers integration for payroll management, CRM, and other business tools
- Xero offers tax and fixed-assets accounting management features
Pricing:
Xero offers three plans with a trial period of 30 days
- Early – $15 per month
- Growing – $42 per month
- Established – $78 per month
9. Sortly
Sortly is a versatile cloud-based inventory management software tailored for wholesale businesses, offering scalable and seamless integration with comprehensive accounting software. With features such as item tracking, barcode scanning, purchase order management, and supplier management, Sortly simplifies stock control and streamlines communication for efficient order fulfillment.
Benefits
- Offers IT assets tracking to enable office equipment accountability
- Custom inventory management tools like folders and tags tailor inventory tracking to fit your business.
Pricing:
Sortly offers these plans with a free trial:
- Free
- Advanced- $49 per month
- Ultra- $149 per month
- Enterprise- Get a Quote
10. Katana
Katana provides a cloud-based inventory solution with features for inventory management, purchase orders, supplier management, sales, and production. This simplifies inventory control for wholesalers. It offers real-time visibility into stock levels, streamlines purchasing, and centralizes supplier information to enhance relationships. From creating sales orders to planning production, Katana optimizes workflows for better efficiency.
Benefits:
- Katana offers shop floor management for businesses with production activities
- It integrates with multiple sales channels for streamlined sales management
Pricing:
Katana offers the following plans. Add-ons are available at additional costs.
- Starter- $199 per month
- Standard- $399 per month
- Professional-$899 per month
- Professional Plus- $1,999 per month
Conclusion:
For wholesale distributors, picking the right inventory management software is key to business success and thriving in a competitive market. Vencru delivers powerful features and an easy-to-use interface, helping businesses of all sizes boost efficiency, gain financial control, and drive growth.
Take your wholesale business to the next level. Book a demo today or sign up for a free trial on Vencru!
