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10 Inventory Software for Wholesale Distributors

10 Inventory Software for Wholesale Distributors

Inventory management software is indispensable 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 profitability regardless of your business size.

In this blog post, we will discuss software solutions wholesale distributors can use to get their inventory under control covering:

Inventory Management Software for Wholesale Distributors

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:

  1. Seamless Operations: Inventory management software automates tasks such as order processing and stock tracking, boosting productivity, reducing errors, and minimizing manual efforts. This ensures smoother operations as your wholesale business expands, allowing for efficient resource utilization and enhanced operational efficiency.
  2. Optimal Stock Tracking: Inventory tracking software provides real-time insights and forecasting functionalities, enabling businesses to maintain ideal inventory levels. Therefore, businesses can optimize stock and improve customer satisfaction by accurately predicting demand and supply to avoid stockouts and excess inventory costs, contributing to business profitability.
  3. Cost Efficiency: Wholesale inventory management software optimizes procurement processes, reducing carrying costs and eliminating unnecessary expenses. By streamlining inventory management and procurement, businesses can achieve significant cost savings, enhancing financial performance and sustainability.
  4. Precision Tracking: Features like barcode scanning and automated data entry ensure accurate inventory monitoring, saving time and reducing discrepancies. This precision tracking gives businesses better control over their inventory, minimizing errors and improving overall inventory accuracy.
  5. Informed Decision-Making: Inventory Management software provides access to real-time data and comprehensive reports, empowering businesses to make informed decisions. By analyzing performance metrics, identifying trends, and strategizing effectively for growth, businesses can adapt quickly to market changes and capitalize on opportunities. This enables businesses to stay competitive and achieve long-term success in the wholesale industry.

Related Read: Wholesale Inventory Management Software

Features to Consider for Your Wholesale Inventory Management Software:

  1. Inventory Tracking: Robust real-time tracking capabilities are crucial for maintaining accurate inventory records and optimizing warehouse operations. Inventory tracking within locations and across multiple locations makes it easy for businesses to track stock levels accurately which prevents stockouts or overstocking situations and ultimately ensures optimal inventory management.
  2. Barcode Scanning: Support for barcode scanning technology enables accurate and efficient inventory tracking and management. Look for stock tracking software that offers barcode scanning capabilities or integrations to improve inventory accuracy, streamline workflow processes, and enhance overall operational efficiency.
  3. Purchase Order Management: Efficient creation, tracking, and fulfillment of purchase orders are essential for streamlining the procurement process and controlling costs. Look for software that offers comprehensive purchase order management features, enabling businesses to manage the entire procurement process seamlessly.
  4. Supplier Management: Effective management of supplier relationships is vital for ensuring timely supplies and minimizing disruptions in operations. Features such as vendor information management and automated communication streamline supplier management processes, enhancing operational efficiency.
  5. Reporting and Analytics: Customizable reports and analytics tools provide valuable insights into inventory performance, purchasing trends, and cost optimization opportunities. Businesses can leverage these insights to make informed decisions, optimize inventory levels, and enhance overall operational efficiency.
  6. Scalability: Choosing a scalable solution is crucial to accommodate the growing needs of your business without compromising performance or efficiency. Opt for software that can easily scale with your business, allowing you to expand operations without experiencing limitations in functionality or productivity.

Top 10 Wholesale Inventory Management Software Solutions

1. Vencru

Vencru Inventory Management Software

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. With efficient supplier management and double-entry accounting reports, Vencru makes scalable and affordable wholesale inventory management accessible to wholesalers of all sizes. Optimize inventory, sales, and purchasing strategies with valuable business insights, accessible anytime, anywhere through Vencru’s mobile app and cloud-based functionality.

Benefits

  1. User-friendly and comprehensive software for managing wholesale inventory including quotations, invoices, order tracking, expense management, accounting reports, and lots more
  2. Plan, manage, and compare business budgets with budgeting tools to enhance decisions
  3. 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 Inventory management software

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

  1. Compare rates from various carriers, purchase discounted shipping labels, and print shipping labels directly from Ordoro
  2. 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 is focused on simplifying wholesale inventory management with essential tools for managing inventory across multiple locations, handling purchases, managing suppliers, and tracking sales. With seamless integration with accounting software, businesses can generate reports and gain insights into their operations. Additionally, Cin7 includes B2B e-commerce capabilities and integrates with various shipping and payment solutions, ensuring a smooth workflow.

Benefits:

  1. Users can set up customized workflows to manage business processes
  2. 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 designed for product-based businesses, including wholesalers. The platform offers extensive features such as inventory tracking, production and supplier management, order handling, and B2B showroom capabilities. With functionalities like purchase order management, sales tracking, and seamless integration with accounting systems, Inflow streamlines wholesale inventory management. Its user-friendly interface, scalability, and showroom feature cater to the needs of wholesalers, providing efficiency and ease of use.

Benefits:

  1. Secure B2B showroom for easy sales management
  2. Offers API for workflow customization

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 offers inventory and purchase management solutions designed for wholesale businesses. With cloud-based and on-premise software options, FishBowl provides the flexibility required for effective inventory management. The platform encompasses features such as inventory and purchase order management, sales tracking, supplier management, manufacturing oversight, and warehouse operations. It offers integration with accounting software for business reports and analytics.

Benefits

  1. Offers part tracking for optimal inventory traceability
  2. 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 Inventory tracking software

QuickBooks offers a comprehensive suite of accounting features, with inventory management tools for wholesalers. This cloud-based software enables real-time monitoring of stock levels, creation of purchase orders, and tracking of inventory costs. QuickBooks integrates sales data from various channels, providing a holistic view for informed purchasing decisions. It includes features for managing supplier information and generating insightful reports to evaluate inventory performance.

Benefits:

  1. Offers a paid service that connects users to a dedicated bookkeeper for ongoing support with bookkeeping tasks.
  2. 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 Inventory tracking software

Zoho Inventory offers a scalable cloud-based solution for wholesalers, integrating seamlessly with e-commerce platforms. It provides real-time inventory tracking, efficient supplier and client management, and streamlined purchase order creation. With barcode scanning, order tracking, and insightful reporting, Zoho Inventory ensures efficient inventory management. It includes warehouse management capabilities and integrates with other Zoho Suite programs for centralized business management.

Benefits:

  1. Offers features like bin/rack location to make organizing and retrieving inventory easier in a warehouse
  2. 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 Inventory tracking software

Xero offers a comprehensive cloud-based inventory management system suitable for wholesalers. Track stock levels in real-time to optimize inventory and prevent stockouts, while managing suppliers and creating purchase orders directly within the platform for streamlined communication and order fulfillment. Xero automates stock-level management, minimizes manual work, and ensures data accuracy. It features detailed reports to gain insights into inventory performance and overall business health and offers integration with various tools for business management.

Benefits

  1. It offers integration for payroll management, CRM, and other business tools
  2. 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 inventory management software

Sortly is a versatile cloud-based inventory management software tailored for wholesale businesses, offering scalability 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. Its offline mobile app allows for on-the-go inventory updates ideal for managing stock across warehouses or during busy periods.

Benefits

  1. Offers IT assets tracking to enable office equipment accountability
  2. Customizable inventory management features like folders and tags make inventory tracking business-specific

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 Inventory management software

Katana offers a cloud-based inventory solution designed with features covering inventory, purchase orders, supplier management, sales, and production simplifying inventory control for wholesalers. It provides real-time visibility into stock levels, streamlines purchasing, and centralizes supplier information for better relationships. From sales order creation to production planning, Katana optimizes workflows for efficiency and profitability. Integration with accounting software ensures streamlined reporting and other tools for business management.

Benefits:

  1. Katana offers shop floor management for businesses with production activities
  2. 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, choosing the correct inventory management software is crucial for achieving business success and thriving in a competitive market environment. Vencru offers comprehensive features, affordability, and user-friendly interfaces, empowering businesses of all sizes to boost efficiency, gain financial control, and drive growth effectively.

Propel your wholesale business to new heights; Book a demo today or sign up for a free trial on Vencru!

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