When it comes to dropshipping, establishing a business enterprise in this competitive market is painstaking, time-consuming, and stressful. Furthermore, most people still don't seem to understand what is inventory management. The truth is that managing inventory and fulfilling the consumer's expectations is never a walk in the park.
It is an added responsibility that can drain the management completely. Hence, the right inventory control management is essential for indispensable business success. With that in mind, you need inventory software to help the management keep track of all information, simplify pricing for products, and maintain the most current stock levels.
How to Automate Inventory Management?
If you are having a hard time with how to manage inventory, automated inventory management systems come with a wide range of advantages to your dropshipping business. Some of these advantages include:
· The ability to generate promotions and gift cards
· Control stock across, warehouses, taxes, currencies, and prices
· Real-time tracking of sales and inventory
· Manage customer data from a single system
· They offer fully integrated point-of-sale and inventory management
· Batch track to improve your business workflow
With that in mind, let's take a look at the best inventory management software in dropshipping there is in the market
The Best Effective Inventory Management Software
1. Zoho Inventory
Zoho Inventory is among the best inventory management software that streamlines business operations. Hence, enabling them to effectively manage inventory, sales order, purchase order, and shipments. With that in mind, business expansion over multiple channels is possible only by integrating advanced inventory management software.
What You'll Get:
- Mobile access
- Kitting
- Product identification
- Reporting and analytics
- Reorder management
- Supplier management
2. TradeGecko
This powerful multi-purpose inventory management software is built to boost high productivity in eCommerce and multichannel brands. Hence, with a clean user-interface and impressive features, TradeGecko is also among the best business inventory software. Whether you are a wholesaler, a distributor, or a retailer, this in-class inventory management software optimizes and ensures efficient operation of your business.
What You'll Get:
- Inventory optimization
- Alerts and notifications
- Multichannel management
- Forecasting
- Kitting
- Product identification
- Supplier management
- Mobile access
3. Stitch Labs
It's time to move to more advanced, integrated inventory management software like Stitch Labs. Especially if you are using conventional inventory management software, it might lack advanced features that will restrict your access. Inventory is the pillar stone of every commercial business.
Additionally, Stitch Labs is a cloud-based inventory management software that delivers detailed retail reporting to view historical stock, sales speeds, and financial location. By doing this future assent becomes easy. Additionally, this multichannel software updates sales channels, track units in transit, transfer inventory, and inbound locations.
What You'll Get:
- Kitting
- Forecasting
- Mobile access
- Inventory optimization
- Reorder management
- Warehouse inventory management
- Supplier management
- Retail inventory management
- Reporting and analytics
4. Sellbrite
Giving you complete control of inventory and eliminating the overselling of products, it is one of the best business inventory software that there is. In the same sense, Overselling is one of the biggest bottlenecks in selling business. Hence, this can be waved over by efficient inventory management software like Sellbrite.
Sellbrite can also offer centralized inventory management from one easy-to-use interface. On top of that, the software can allow its users to view and manage reserved, on-hand stock levels and available products with great ease. Additionally, Sellbrite is one of the best small business inventory software that delivers user-friendly advanced features to save you from overstocking.
What You'll Get:
- Warehouse inventory management
- Inventory optimization
- Multichannel management
- Reporting and analytics
5. Lightspeed POS
Lightspeed POS is the only retail POS that helps in the smooth running of the business, optimizing stock, and managing sales. Hence, it is an all-in-one inventory management software that is a gift of technology for any growing business.
This magnificent business inventory software is termed as a complete retail management solution, smart, scalable technology that levels up the business. Due to this, the software helps in transferring stock, an access point of sales, thrive, and sell through any device.
Lightspeed POS allows you to get a handle of your inventory and manage sales on the go. Furthermore, this easy to use inventory control software provides access to inventory management tools that streamline workflow. That helps in growing your business to the next level.
What You'll Get:
- Barcoding
- Order management
- Serial number tracking
- Cost tracking
- Allocation
- UPC/SKU Codes
- Procurement management
5 Tips for Choosing an Inventory Management Software
Managing inventory needs a high level of accuracy and foresight. Hence, inventory management software was built to help all types of companies of all sizes, automate their inventory management, and upgrade their business quality. With that in mind, here are some ways you can use to choose the best inventory management software for your business.
· Requirements
Before choosing to buy an inventory management system, you need to understand your requirements first. Hence, find out the obstacles you're facing in managing inventory and the solutions you're looking for.
· Software cost
The price range of the software will differ from how complex your requirements are. Thus, you should find out the market price of the software. That will help you can decide whether the price offered by the seller is worth it or too expensive. There is even some inventory management software that is free.
· Customization
If you have a very complex work description, then you might need to customize your inventory management system. Thus, ask the seller if the software can meet your specific needs and the time frame it will take to customize it.
· Usability
This point is most often ignored by business owners. While in fact, the usability determines how good the implementation of an inventory management system in your business. Hence, if it takes hours or days for your workers just to learn the ins and outs of the software, then it's maybe not worth buying.
· Flexibility
Another vital thing you need to take into consideration when choosing inventory management software is the flexibility. Thus, find out if the software you are considering is suitable for mobile devices, whether it is a web-based, how many users can implement it or an on-site system, and so on.
Why Choose SaleYee's Dropshipping Automation?
1. Easy to Use
SaleYee Dropshipping Platform provides automatic synchronization of orders on online selling sites, tracking information sync and update, inventory update, and even product information update. We also have our support team 24/7 to help you in case you encounter any challenges.
2. Time-saving
Our automation tool helps your online store run smoothly. This means more free time for you. Therefore, you can be more focused on advertisements, marketing, or other activities that you value.
3. Compatible
Our automation tool is compatible with most popular e-commerce stores and websites, including Amazon, eBay, Wish, Walmart, Shopify, WordPress, and much more.
Learn more: Automated Dropshipping: 6 Ways of Business Automation
In Summary
If you get the right software for your business things will run easy for your business. It is essential to know what you want and the requirements of your dropshipping business before purchasing the software. Many businesses have snowballed due to inventory management software systems. Hence, if you also want to improve your working efficiency, you need to choose the right software.
