One of the most important choices you can make when starting a business, including ecommerce, is what kind of inventory management system software to use. QuickBooks is one of the most popular inventory management software systems available due to low (initial) cost and versatility of features. Odoo is a suite of open source software but is more complex and not easy for a novice to install or learn to use.
Do some research and you’ll find that the best inventory management software for ecommerce should meet the following criteria:
- Organize your products into relevant categories
- Be easy to install and use, especially for employees without a technical background
- Track your sales and new purchase orders (POs)
- Order replacement stock from designated suppliers automatically when levels drop to a pre-determined number
- Meets your start-up budgetary requirements now and into the future as your business grows. The size and type of business are also major factors in determining which software is right for you.
The financial website Investopedia evaluated several brands of small business inventory software and came up with the following ratings;
- QuickBooks Online (best overall)
- Xero (best for micro-business owners)
- FreshBooks (best for service-type businesses,)
- QuickBooks Self-Employed (for part-time freelancers)
If you’re running any type of ecommerce operation, however, you will certainly want to check out Ordoro. As a leader in developing ecommerce inventory software, they understand the special requirements of online businesses, whether you’re a reseller, dropshipper, or manufacturer.
Ordoro specializes in helping ecommerce businesses not just with managing inventory but every aspect of the business, including shipping and warehouse management, all with easy plugins and apps, making it convenient for owners on the go, as well as allowing you to manage and sync everything from one central dashboard.
If you’re looking for more inventory management system examples, as previously mentioned, QuickBooks is currently the most popular overall inventory system, regardless of business, type or size.
A word about QuickBooks, especially its more advanced versions: for those who have had some previous accounting or similar software experience, it’s not difficult to learn. Others may find a steeper learning curve when first setting up and getting started.
An ecommerce open source inventory management software brand is Odoo inventory, which is a suite of business management software, including billing, warehouse management, and inventory management. Like most other forms of ecommerce, it requires a bit of technical knowledge to set up correctly, and there is a learning curve, as with QuickBooks.
Any type of open source software that’s licensable can, of course, be changed by anyone with knowledge of PHP and other technical expertise. That said, there’s the flip side, where your settings and other features may be compromised if someone should tamper with the software, intentionally or accidentally, and cause data loss, mix-ups and delays while the problem is identified and fixed.
Of course, you want an affordable inventory system, but cost shouldn’t be the determining factor. What you’ll want is scalability (the ability to keep up with your growing business) as well as performing everyday functions such as sending and receiving payments.
While the above systems each have their fans, it really comes down to what type of business you run: service business, micro-business, manufacturing, dropshipping, retailing, self-employed “gig economy” worker, or something else, so if you expect to grow – and keep the taxman happy – you’ll need a good, solid inventory management system software that’s scalable, versatile and reliable. You don’t need to look any further than Ordoro – here’s why:
Ordoro provides inventory management tools that can help you to:
- Automatically track and sync inventory levels to prevent under-stocks
- Bundle multiple orders together to make it easier to handle shipping needs and concerns
- Create and send out purchase orders when it’s time to restock
- Use barcode scanning to reduce fulfillment errors while speeding up the shipping
We know you’re probably tempted to shave a few dollars off by using free inventory software for small business, but before you do, here are some things you need to know, starting with the old accounting standby: spreadsheets.
What’s the matter with using free inventory management software in Excel and other types of spreadsheets or downloadable free software? If you’ve ever spent any significant amount of time entering data into a spreadsheet format, you likely know how tedious and time-consuming it can be. Not only that, but spreadsheets aren’t able to automatically reorder replacement stock – they can only show you when things are getting low, so you reorder in time to prevent delays from out-of-stock items. Furthermore, if you really want the best free inventory management software, spreadsheets aren’t much help in tracking shipments, nor do they create labels and help manage daily as well as specialized warehouse tasks without dedicated separate entries.
Another avenue for inventory management software free of charge is through open source, such as Odoo inventory software. Offered as a suite, it claims to help organize inventory, track sales, and more. However, as we mentioned above, there are learning curves involved, especially if the user has little or no tech background, so your business may be subject to downtimes while you and your employees are getting the hang of it all. Many types of inventory management software open source also require PHP coding and other specialized data applications, making installation more complicated than subscription or cloud-based. Worse, someone with PHP knowledge could change the coding, either accidentally or deliberately, causing glitches and lost sales from downtimes.
Companies advertising inventory management software small business free may be offering what’s really a free trial period, but once that’s over, you could see a serious price increase.
What’s currently rated as the best inventory management software for small businesses free of charge? That could be Wave software, according to the above Investopedia report.
Small business inventory management is a special challenge as much of the installed inventory software is intended for larger corporations with thousands of products or larger manufacturing concerns with complex movement and handling requirements.
As a leader in ecommerce software, Ordoro produces simple inventory software for small business that focuses on more than one or two narrow segments of the inventory management process but is easy to install without needing specialized technical knowledge or programming skills.
All said, online subscription software is generally not as expensive as installed software, and it saves space in your hardware while offering more standard features and options than so-called free or open source software.
So, with all of the above factors weighed, what’s the best inventory management app for small business? It should be able to offer the following features:
- Categorizes products and other goods
- Performs sales and order tracking
- Automatically reorder products when running low
- Easily installed and utilized by non-technical users
- Reasonably priced
- Comes with top-notch technical support from the developer
Online inventory management software, unlike installed versions, is not only web-based and more versatile in its functions, such as with the popular Squareup, but is usually aimed at helping small businesses manage their growth and connect to third-party logistics (3PLs) as well as online sales channels.
Ordoro is a leader in ecommerce inventory management software small business-oriented, with its goal of serving small to medium-sized businesses of all types, whether online retailing, manufacturing, dropshipping, or services. If you’re new to ecommerce, you know that you have enough to do just running your business without worrying about back-end operations, such as managing inventory. Why take a chance on a questionable “free” product when you have access to a reliable, trusted platform such as Ordoro?
Obviously, the best inventory management software is what fits your business’s needs and has features such as order syncing and tracking, scalability,
We think that Ordoro makes the best inventory management software small business focused on the market today – and our customers agree, as shown in our reviews. We focus on helping small to medium businesses manage their entire operations, from inventory management to order fulfillment and shipping, generating analytics and reports to help plan your future growth as well as support dropshipping businesses.
Do you have to manage warehouse inventory operations as part of your small business venture? If so, you’ll need warehouse inventory management software small business focused on helping you with all aspects of fulfillment, including automating many tasks such as barcode scanning, syncing with your sales and other locations while tracking the movements of inventory from the arrival of new products, to fulfilling customer orders, including final delivery. Because most warehouse inventory software is scaled for large businesses, it’s usually an installed program, not web-based, and therefore not as flexible as cloud/ internet-based.
You’ll really appreciate Ordoro’s inventory software for small business with scanner features, usable on most devices, making order fulfillment faster and more accurate. You can stay on top of sales and purchase orders as well as manage the rest of your warehouse operations from one central location, integrating with third-party and CRM accounting software to avoid duplicating tasks.
Ordoro helps unify your entire inventory by plugging in channels from markets to online stores and suppliers into the app for multichannel connection. You can add multiple warehouses including Fulfillment by Amazon or another dropshipper source or from wherever you ship orders. Ordoro offers 30 days of FREE onboarding as well as lifetime customer support. Schedule a demo with Ordoro now to learn more about managing all aspects of your ecommerce business, from inventory to warehousing and fulfillment.