The 5 Best App For Inventory Management For Your Establishment

What Is The Importance Of An Inventory Management App

If finance is the lifeline of a business, then inventory is the foundation. Proper inventory management can ensure orders are served in real-time and a smooth-running supply chain. However, we also understand that apart from inventory, a business has several other things to take care from production to marketing and many more. So, let an inventory system handle your warehouse, while you invest your time on other productive things.

Cost Effective-

An inventory management system, with real-time inventory tracking, can help reduce the company's stock in hand, consequently lowering carrying charges like transportation and insurance fees. It is also seen that the right inventory system can even help you cut down on warehouses spread over multiple locations. Again, saving hundreds of dollars on rent and additional staff. Small businesses can heavily benefit from this.

Inventory management software comes with a lot of advanced features these days. These can help small-medium or even large-sized businesses to decide future courses, allowing them to make better decisions. It facilitates better asset management.

Accuracy-
Data suggests that for small or retail businesses inventory accuracy stands around 60%. This is too low and can prove highly expensive. Tracking inventory levels right from arrival to delivery across multiple locations and after every transaction can be quite challenging. And expecting staff to keep track of all the data might be unfair.

Inventory apps can help you in efficient warehouse management. Just log in the correct numbers of stock received, link it to the point sale system and other accounting software. It will automatically track all the information. The business owners can now trace the variance per month if any. Not only this, it will update business owners on the latest levels of stock, allowing them to place correct purchase orders.

Avoid Stock-outs-
As we say, inventory is the foundation of any business. So it becomes crucial to ensure the availability of the right product at the right time. The inventory tracker updates the business inventory in the system after every purchase and sale.

This offers the inventory managers an accurate report of what all inventory items are available in the warehouse and at what levels. Now, they can place the purchase orders in alignment with the sales orders per month or even week, as required. The companies can buy what is in demand. This helps in timely order fulfillment and better order management, leading to better customer service.

You can even time inventory to avoid situation of stock-outs. During peak season , when sales orders are on flooding in, going out of stock can harm your profits and goodwill. Go for the inventory software that allows you to set stock alerts . So when you are on low stock , the system can alert you .

This is why you should use inventory app

Save, save and save more -
Saving time and money is the deal businesses love to make. These days inventory system comes with hi-tech inventory features like barcode scanning. The barcode labels assigned to packages store information like manufacturing date of the product, the date of purchase and quantity.

On being scanned, the system reads all the information and updates the inventory levels in the warehouse. This does away with labor-intensive processes like manually writing the number on every package and updating stock sheet after every transaction. This simple inventory solution helps you to save labor cost and time. Now you can use your staff for better purposes.

These days shipping labels also use barcodes to give detailed information in a precise manner. The barcode scanner can read these right before shipping the order, and updates the inventory items .

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How To Choose An Inventory Management App

Prioritize the kind of inventory you want to track . Spot your business needs and decide your budget. Take free trials, go through the privacy policy and then choose the one checking most of the boxes.
Before you give reins to manage inventory to any mobile app , let's take a look at some of the best inventory management apps.

Inventory Management App

1. It is a modern stock control system, that syncs inventory in real-time. This means the moment you fulfill your sales orders, it gets recorded immediately. The real-time syncing enhances the accuracy.

2. If you are into e-commerce, then this is for you. Veeqo tracks returns to ensure your products reach back to you in a sound condition. It then updates the inventory levels to offer latest count.

3. To offer full stock control, it connects with shipping carriers to give you real-time updates on where your order has reached.

4. Veeqo mobile app is available on both iOS & Android. So now you can track inventory levels in your warehouses across multiple locations . It allows free inventory management for trial. And has several paid plans that you can choose according to your business need.

5. The real time tracking helps to manage Restaurant Inventory

Inventory Management App

• Zoho Inventory is one of the best Free Inventory software, especially for small businesses. It helps to manage inventory across multi-channels.

• It manages purchase orders, sales orders, sales channels, bills, and even tracks all kinds of payments, including ones made using a credit card.

• This inventory software is equipped with key features that are required to ensure a smooth supply chain and real-time order management.

• The cloud-based inventory software is compatible with a variety of barcode scanners that can easily read most kinds of barcode labels. With barcode scanning, you can now track items from arrival to sale.

• Zoho has an Android app. It also has an iOS app and is compatible with both iPhone& and iPad.

• Zoho Inventory System can be integrated with Quickbooks online to ensure your accounting system remains up to date and in sync with your inventory items. The integration also allows you to add extra custom fields for some specific entries.

• It is one of the popular mobile apps to track Restaurant Inventory

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Inventory Management App

• Apart from basic inventory handling features, this stock management software facilitates inventory tracking based on categorization. For instance, you can track items using the expiration date of the product. It will provide business owners with a list of items with an early expiration date and you can put them for sale first, helping in minimizing losses.

• It allows integration with Quickbooks online accounting software used by most small medium and large-sized businesses. When you sell or buy any product, it automatically updates your accounts in QuickBooks. The app can be operated on iPhone or iPad .

Inventory Management App

• This is one of the top inventory apps for small and medium-sized businesses. Apart from real-time inventory tracking across multiple locations, it has a barcode or QR supporting system, facilitating easy use and effective Inventory Management

• Read the privacy policy before your business the best inventory management software.

Inventory Management App

• It is a cloud-based pos system (point sale) that helps in processing transactions faster. It is because of pos systems that you don't have to wait for long in billing queue at supermarkets.
• Cashier Live allows accepting all kinds of payments, debit cards, credit cards, and even online.
• The Inventory Management features let you add or edit items, create purchase orders.

• It gives you insights into your top customers and what products they are buying. Based on this, you can send them the list of recommended items at their email address.
• It can be accessed via iPhone or ipad .

Pick the best cloud based inventory management system

These were some of the apps best for inventory control , allowing integrations with third party software like Quickbooks online . Some of these cloud based inventory apps even work on offline mode . Pick the software best for your business.