Let’s face it, managing inventory is a major headache for small business owners. Imagine having the perfect balance of stock, meeting customer demand without overstocking or running out. It sounds like a dream, right? But for many businesses, inventory management is a nightmare. With 43% of small businesses struggling to keep track of their inventory and $1.1 trillion lost in sales annually, it’s clear that something needs to change.

In this post, we’ll dive into the five top inventory software solutions for small businesses in 2024, helping you navigate these challenges and find a solution that works for you.

The importance of inventory management for Small Businesses.

Inventory management—it’s not just about counting stuff. It’s about building a foundation for success. A solid inventory management system is the backbone of any small business, and it’s what sets the winners apart from the losers.

With it, you’re able to avoid a never-ending cycle of stockouts, overstocking, and wasted time. You’re constantly playing catch-up, never getting ahead. But with the right inventory management system, you’re in control. You’re able to:

• Meet customer demand with confidence.
• Make informed decisions about your business.
• Stay ahead of your competitors.
• Focus on growth, not just survival.

And if you’ve not been doing it, then it’s time to take inventory management seriously. Your business depends on it. Lucky for you, in this blog post, we’re going to talk about free and affordable inventory software for your small business. Now let’s get started. 

5 best inventory management software

1. QShop Smart Inventory 

As your e-commerce padi, we also understand the struggle that comes with inventory management. That’s why we’ve created Smart Inventory, a game-changing feature that streamlines your inventory management and saves you time.

With our smart inventory, you can:

• Boost customer satisfaction and reduce stockouts.
• Generate invoices and track orders in real-time. 
•  Increase sales and revenue.
•  Track inventory levels in real-time.
•  Receive automated alerts for restocking via email and WhatsApp.
•  Get detailed reports on sales trends and inventory levels.
•  Track cart activity and get notifications on best-sellers.

And here’s the best part: It’s FREE  to use. All you have to do is own an e-commerce website with us, and you have full access to our smart inventory management. Sign up now!

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2. Zoho Inventory

Zoho Inventory is the perfect solution for small businesses looking to streamline their inventory management. With its cloud-based platform, you can track stock levels, manage orders, and automate tasks with ease. Plus, its integration with Zoho CRM and other Zoho apps makes it a great choice for businesses already using the Zoho suite.

With Zoho Inventory, you can: 

• Manage inventory tracking and management.
• Conduct Order management and fulfilment
•  Automated tasks and workflows
• Integration with Zoho CRM and other Zoho apps
• Get reporting and analytics

You can give their free plan a try, or you can subscribe to their premium plan for more features and control. Their pricing starts at $15 for the standard plan, which is billed monthly. 

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1. Cin7

Cin7 is a cloud-based inventory management software designed for small to medium-sized businesses. With Cin7, you can:

• Manage inventory across multiple channels and locations
• Automate tasks and workflows
• Integrate with e-commerce platforms and marketplaces
• Access real-time reporting and analytics
• Scale your business with confidence

Cin7 pricing starts at $39 monthly. There is no free plan.

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4. QuickBooks 

QuickBooks is a comprehensive accounting and inventory management software designed for small to medium-sized businesses. Its robust features and integrations make it an ideal choice for streamlining financial management and inventory control.

With QuickBooks, you can:

• Track inventory levels and manage stock.
•  Automate financial tasks and workflows.
• Generate invoices and manage accounts receivable.
• Access real-time financial reporting and analytics.
• Integrate with e-commerce platforms and marketplaces.
• Manage payroll and HR tasks. 

You can try QuickBooks with their 30-day trial. Their plan pricing starts at $15-$200 monthly. 

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5. Sortly

Sortly is a user-friendly inventory management app designed for small businesses. Its customisable features and reporting make it a great choice for businesses looking to track stock, manage orders, and stay organised.

With Sortly, you can:

• Track inventory levels and locations
• Manage orders and shipments
• Set custom alerts and reminders
• Generate reports and analytics
• Integrate with e-commerce platforms and marketplaces
• Access the mobile app for on-the-go tracking
• Sortly has a free plan that takes only 100 items and an advanced plan starting at $24 monthly.  

And there you have it – the top 5 inventory software solutions to revolutionise your small business. No more inventory headaches, no more stockouts, and no more wasted time. It’s time to take control, streamline your operations, and watch your business thrive.

Remember, inventory management is the backbone of your business. It’s what sets the winners apart from the losers. With the right software, you’ll be able to meet customer demand with confidence, make informed decisions, and stay ahead of the competition.

So, which one will you choose? Whether it’s QShop Smart Inventory, Zoho Inventory, Cin7, QuickBooks, or Sortly, each one is a game-changer in its own right. Take the leap, transform your business, and start achieving your goals today!