Inventory Optimization Software

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Jesta Vision Suite

Jesta I.S. is a leading supplier of integrated software solutions for midsize and large retailers, wholesalers and manufacturers specializing in branded goods, apparel, footwear, hard goods and specialty industries. Jesta's c...Read more about Jesta Vision Suite

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SCP 4.0

Jada vendor management inventory and demand planning system is suitable for businesses looking to manage inventory holding costs and track service levels. SCP is offered as a best of breed application that is ideal for both midsiz...Read more about SCP 4.0

4.83 (9 reviews)


Fishbowl is the #1 manufacturing and warehouse inventory management software! Its powerful inventory control system gives your small or midsize business the exact tools needed to transform your inventory management and scale your ...Read more about Fishbowl

4.16 (787 reviews)

88 recommendations

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QStock Inventory

QStock Inventory is an inventory management solution designed for growing small to midsize businesses in the consumer goods, electronics, high tech, manufacturing and e-commerce markets. The solution integrates with QuickBook...Read more about QStock Inventory

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EazyStock is a market-leading inventory optimization tool that connects with ERP systems to digitalize inventory management operations. While most ERPs are good at stock control, many rely on users to manually calculate and input...Read more about EazyStock

4.67 (3 reviews)


IntelliTrack Assets helps businesses maintain and track various assets including technology, furniture, tools, off-site equipment, and more. The platform enables organizations to monitor asset movement, maintenance schedules, assi...Read more about IntelliTrack

4.13 (16 reviews)


CStoreOffice is a cloud-based inventory management solution by Petrosoft that helps businesses to keep track of their inventories and manage other back-office operations. CStoreOffice helps managers to eliminate dead inventor...Read more about CStoreOffice

3.07 (15 reviews)

SIMMS Inventory Management

SIMMS by KCSI is a comprehensive inventory and supply chain management (SCM) system that helps businesses organize and control various aspects of their inventory. With features like serial number tracking, lot control, kitting and...Read more about SIMMS Inventory Management

3.89 (14 reviews)

Acctivate Inventory Management

Built for growing product-selling businesses using QuickBooks, Acctivate is a premium inventory management & multi-channel order fulfillment add-on that helps you focus on growth without operational limitations. Solve for QuickBo...Read more about Acctivate Inventory Management

4.15 (109 reviews)

4 recommendations

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TopShelf Inventory Management

Scout’s topShelf Cloud is a cloud-based inventory management solution that can integrate seamlessly with pre-existing CRM, accounting, and logistics software. It provides greater visibility over the business and can be accessed fr...Read more about TopShelf Inventory Management

3.00 (1 reviews)

Aptean WMS irms Edition

Available in the cloud or on-premise, Aptean Warehouse Management Systems (WMS) are built for single-site, multi-site or multi-national organizations that need a real-time, 360-degree view of their supply chain. Performance dashbo...Read more about Aptean WMS irms Edition

5.00 (3 reviews)

Accolent ERP

Accolent ERP by ADS Solutions is a hybrid enterprise resource planning (ERP) solution that caters to businesses in the SMB market and helps them to integrate data and processes across departments and locations. Accolent ERP's...Read more about Accolent ERP

4.60 (5 reviews)

inFlow Inventory

Looking for an inventory and order management system for your small or medium-sized business? inFlow is used in over 90 countries around the world for manufacturing, wholesale, distribution, ecommerce, and more. It's also simple t...Read more about inFlow Inventory

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Stitch Labs

Stitch Labs is an integrated, cloud-based inventory and order management solution that caters to mid-size multi-channel retail brands. Stitch serves as an operational hub to brand operations, centralizing inventory across al...Read more about Stitch Labs

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Unleashed Software is a cloud app that gives product businesses the freedom to better make, manage and move products by giving complete clarity and control over suppliers, production, warehouses and sales. Unleashed allows busines...Read more about Unleashed

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Solid Commerce

Solid Commerce is a cloud-based inventory management solution that caters to businesses of all sizes across various industries such as computer software, apparel and fashion, consumer goods, business supplies, retail, and more. Ke...Read more about Solid Commerce

3.35 (23 reviews)

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Tigerpaw Software

Tigerpaw is a cloud-based professional service automation (PSA) solution designed for small and mid-size customers. It offers project management, time tracking and billing management within a suite. The project management fun...Read more about Tigerpaw Software

3.74 (57 reviews)

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Megaventory is a cloud-based order and inventory management solution aimed at medium-sized businesses. Its features include order fulfillment, manufacturing management, invoicing and reporting. Megaventory offers comprehensive cus...Read more about Megaventory

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QuickBooks Commerce

QuickBooks Commerce is a powerful cloud-based inventory and order management software for modern online businesses. Seamless integration across all major e-commerce platforms ensures that product listings, orders, and data stay up...Read more about QuickBooks Commerce

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One Platform. Total Commerce Control. Linnworks is a leading commerce automation platform that works with the world’s major marketplaces and selling channels. Linnworks connects, manages and automates commerce operations, power...Read more about Linnworks

4.15 (24 reviews)

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Buyers Guide

Last Updated: November 21, 2022

In a complex business environment where companies support many sales and purchase channels at multiple locations, accurate planning and forecasting of inventory can be challenging. Without proper management, excess inventory can obstruct your supply chain and working capital.

If you're still using manual methods to estimate the items and their quantities for your inventory, you need to look to automation to optimize your inventory.

Inventory optimization is the process of calculating and determining the right inventory levels across your organization's supply chain. This lets you satisfy customers—who expect a quick delivery time—as well as reduce the high costs of stocking large quantities.

After all, keeping materials and products on the shelf for longer than required drives up your costs. With inventory optimization software, you can increase your visibility across your whole supply chain and ensure that your products stay on the shelf only for the requisite time.

We wrote this buyer's guide to help you understand how inventory optimization software works. This guide provides details on everything you need to know, from benefits to features, before purchasing an inventory optimization solution.

Here's what we'll cover:

What Is Inventory Optimization Software?
Common Features of Inventory Optimization Software
What Type of Buyer Are You?
Benefits of Inventory Optimization Software
Key Considerations
Popular Inventory Optimization Software Comparisons

What Is Inventory Optimization Software?

Inventory optimization software helps businesses control and optimize inventory levels across different warehouse locations. It keeps track of the different products and materials in stock and analyzes the items, as well as the quantities, that need to be reordered.

This software serves as a critical tool for managing perishable inventory, such as food items and medicines. It also analyzes an organization's historical sales and demand data to generate insights on how to optimally utilize and maintain your warehouse operations.

EazyStock software's inventory optimization graph

Inventory optimization graph in EazyStock software

As with most complex challenges, selecting the best inventory optimization software tool for your business is easier when you break it down into parts. In the next section, we break down the most common applications and features of this software.


Common Features of Inventory Optimization Software

Vendors offer a variety of functional breadth and depth in their inventory optimization solutions. Most inventory optimization software vendors offer some or all of the following capabilities:

Demand forecast

Review historical sales and demand data to automatically select the right statistical model for calculating future demand. Users can also modify and re-evaluate the demand forecast based on additional information from the key management team, suppliers or vendors.

Projected inventory levels

Calculate and display accurate inventory levels for future periods. The projected inventory levels are calculated based on the organization's current inventory, demand forecast and incoming supply.

Order planning

Get replenishment suggestions and create an order plan by analyzing when, which and how much of an item to order. Upload the order proposal data to your connected purchasing system (e.g., material requirements planning system) for further action.

Stock-out and overstock alerts

Alert your organization in case any product is in short supply, or in excess, in your inventory.

KPIs and reports

Monitor business performance with a customizable dashboard that includes operational key performance indicators (KPIs), graphical reports and various filters. These will help users make informed decisions about inventory optimization.


Integrate the software with your existing systems such as material requirements planning (MRP), enterprise resource planning (ERP) and warehouse management software (WMS) systems.

To further understand these features and the vendors in this category, call our advisors at (844) 687-6771 for free, no-obligation help. They'll help you narrow down your options by understanding your requirements and recommending the best-suited solutions for your business.

As you begin shortlisting solutions, you need to understand the type of buyer you are, to better narrow down your requirements. The next section breaks down the most common buyer types.

What Type of Buyer Are You?

Inventory optimization software is used by businesses of all sizes, across a variety of industries. Before you start evaluating different inventory optimization software, you should know your buyer category. We believe most buyers of this software fall into one of the following categories:

  • Small businesses. These buyers have simple requirements; they're looking to improve their inventory demand forecast and order planning. Most are currently using manual methods, so the transition to automated systems should be slow and methodical. They should start with the basic inventory optimization features so employees have time to learn the solution.
  • Midsize businesses. These buyers require additional features because they deal with a relatively higher volume of customers, suppliers and vendors. They're operating from multiple facilities and require additional features such as projected inventory levels, as well as stock-out and overstock alerts.
  • Large businesses. These buyers typically use the inventory optimization functionality offered in an ERP software suite. They need a single system that controls all their manufacturing and inventory functions in order to centralize the exchange of information between different applications.

Benefits of Inventory Optimization Software

While some of the benefits of inventory optimization software should be clear from our discussion above, we've called out the most important ones below:

  • Improved cash flow. Accurate demand forecasting and projected inventory levels help organizations reorder only the required products. This results in lower handling and storing costs, thus improving the overall cash flow.
  • Enhanced customer service, satisfaction and loyalty. High customer satisfaction is an obvious market advantage. Product availability at all times will lead to higher satisfaction rates among customers, helping you ensure better customer retention rates and greater customer loyalty.

Key Considerations

To conclude this buyer's guide, here are some important questions to consider before you purchase and implement inventory optimization software:

  • Is the software scalable? Ask your shortlisted vendors about the scalability of their inventory optimization software. Scalability is essential when your organization grows—the software should be capable of efficiently handling your expanding business needs. For instance, it should be able to support multiple warehouses and distribution centers at various locations.
  • Does the software support integrations? Check with the vendor whether the solution supports integrations with your existing systems, such as MRP, ERP or WMS. Quick and seamless integration will help you efficiently import and export data.
  • Does the vendor offer customer support? Find out whether the vendor offers support 24/7, only during business hours or not at all. In addition, ask about available support options such as email, phone or live chat.

Popular Inventory Optimization Software Comparisons