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The Ultimate Guide on Inventory Management Tools

August 30, 2021 in Blog, Ecommerce, Shipping & Logistics
The Ultimate Guide on Inventory Management

One of the most important parts of driving an ecommerce business is inventory management.

As your business grows, the difficulty of inventory management increases as well as the amount of inventory you’re handling. Using an inventory management tool can make it easier for you and your ecommerce business. This is why an inventory management tool is invaluable for any ecommerce owner.

In this article, we decided to draw up an infomercial to illustrate the challenges in trying to find the perfect inventory management platform that can do it all.

Related Reading: Best Amazon Software of 2021


What is an Inventory Management Tool and Why is Important

Inventory management is the backbone of any ecommerce business. This process allows e-commerce sellers to manage and control their inventory, from monitoring ordering, storage to fulfillment. Inventory management helps business owners by giving them an accurate overseeing of their stock levels, sales, losses and much more. Can you imagine doing this yourself and manually? This can harm your company, no matter what size it is, small or big.

Inventory management is the key of any ecommerce business. An inventory management tool provides you with insights about your business that are very valuable to continue growing it. 

There are a lot of benefits that you can find when having an inventory management tool. Here are some of them:

Advantages
Forecasting
Profitability – Improves cash flow
Avoidance of stock-outs
Accuracy and time saver
Inventory tracking
Happy customers

Get Started with Inventory Management Tools

This infographic is meant to be satire, as there’s no inventory management software that is that bad. The problem is that every operator has their own unique set of needs, so trying to find that one special platform to fit the business needs is just about impossible.

If you are evaluating different systems now, we created an ecommerce inventory management comparison (see below), that compares many of the mainstream inventory software options.


The Definitive Inventory Management Tools Comparison

The biggest problem with ecommerce is that each store is completely unique and has its own needs as a result, but what is the best system out there? Let’s take a look at some of the software out there!

Selling channels/ Software Linnworks Stitch Labs Sellbrite Hublogix Skubana Ordoro Trade Gecko Finale Inventory
Shopify Yes Yes Yes Yes Yes Yes Yes Yes
BigCommerce Yes Yes Yes Yes Yes Yes Yes Yes
Magento Yes Yes Yes Yes Yes Yes Yes Yes
WooCommerce Yes Yes Yes Yes Yes Yes Yes Yes
Volusion Yes Yes Yes Yes
3D Cart Yes Yes Yes Yes
Prestashop Yes Yes Yes
Square Yes Yes Yes Yes
Spark Pay Yes Yes
Marketplace Linnworks Stitch Labs Sellbrite Hublogix Skubana Ordoro Trade Gecko Finale Inventory
eBay Yes Yes Yes Yes Yes Yes Yes
Amazon (Merchant) Yes Yes Yes Yes Yes Yes Yes Yes
Amazon FBA Yes Yes Yes Yes Yes Yes Yes Yes
Walmart Yes Yes Yes Yes
Etsy Yes Yes Yes Yes Yes Yes
Inventory Linnworks Stitch Labs Sellbrite Hublogix Skubana Ordoro Trade Gecko Finale Inventory
Inventory Sync Yes Yes Yes Yes Yes Yes Yes Yes
Multiple Warehouses Yes Yes Yes Yes Yes Yes Yes Yes
Product Import Auto Manual Auto Manual Auto Manual Auto Manual Auto Manual
Kitting/Bundling Yes Yes Yes Yes Yes Yes
Master and Listing SKU Yes Yes Yes Yes
Adding inventory Manual, PO, CSV Manual, PO, CSV Manual, PO Manual, PO, CSV Manual, PO Manual, PO, CSV
Barcode Scanning Yes Yes Yes Yes
Purchasing Linnworks Stitch Labs Sellbrite Hublogix Skubana Ordoro Trade Gecko Finale Inventory
Purchase orders Yes Yes Yes Yes Yes Yes Yes
Transfer Orders Yes Yes (not with FBA) Yes
Automatic Reorder Yes Yes Yes
Forecasting Tools Yes Yes 3rd Party
Fulfillment Linnworks Stitch Labs Sellbrite Hublogix Skubana Ordoro Trade Gecko Finale Inventory
Shipping Software Built-in Ship Station
Shipping Easy
Ship Station Built-in Built-in Built-in Ship Station
Ship It
Ship Station
FBA Fulfillments Yes Yes Yes Yes Yes Yes Yes
3PL & Dropship PDF Only Email
FTP
CSV
Email
FTP
CSV
HTML
API/EDI
FTP
CSV
Email
FTP
CSV
Order Counting Rule-based Rule-based
Split or Partial Shipments Yes Yes Yes Manual
Custom Packing Slip Yes Yes Yes Yes Yes Yes Yes
Management Linnworks Stitch Labs Sellbrite Hublogix Skubana Ordoro Trade Gecko Finale Inventory
Manual Orders Yes Yes Yes
Order Editing Yes Yes Yes Yes
Returns Yes Yes Yes Yes Yes Yes
Price Tiers/ Wholesale Yes Yes Yes Yes Yes
Quotes Yes Yes Yes Yes
Accounting Linnworks Stitch Labs Sellbrite Hublogix Skubana Ordoro Trade Gecko Finale Inventory
Quickbooks Native Yes 3ed Party Yes
Xero Native 3rd Party Yes
Invoicing Yes Yes Yes Yes
Inventory Reports Yes Yes Yes Yes Yes Yes
Sales Reports Good Good Fair Good Good Good
Pricing Linnworks Stitch Labs Sellbrite Hublogix Skubana Ordoro Trade Gecko Finale Inventory
Price Tier
Per month
FREE
$200
$1390
$799
$959
Request Quote
$0
$29
$79
$179
$499
$999
Starting at $999 $59
$499
$999
$39
$79
$199
$599
$75
$199
$349
$549
$799
$2999
Channels 3 channels
Unlimited
Unlimited Unlimited 1 channel
2 channels
Unlimited Unlimited 0
0
2
3
2
4
7
11
Unlimited
Unlimited
SKUs 50
Unlimited
Unlimited
Unlimited Unlimited Up to 100K
Up to 250K
Unlimited 100,000
Orders/Mon Unlimited
Unlimited
Unlimited
0-2,000 30
100
500
2,000
2,000-4,000 Up to 1,000 10
100
1,000
2,500
500
2,000
5,000
10,000
20,000
20,000

Conclusion

There’s a fair amount of applications out there, but there’s no “magic” platform that does it all and most owners we know that are multi-channel sellers still have to cobble various tools together.

Do you use inventory management software for your business? If so, which one and how are your experiences with it? Tell us your experiences with inventory management software in the comments sections below!

  • About The Author: Helena Fernandez Morano
    Specialized in Marketing, Consultancy and Political Communication. She presumes to belong to a very talented pool of political scientists, who always manages to create new paths in the midst of uncertainty. And that spirit marks her trajectory. When she is not writing and immersing herself in the eCommerce world,  she is seeking to be part of projects with scope, to be accompanied by people from whom to learn every day and with whom to experience new challenges.

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