Retail inventory management software is a digital system that helps businesses monitor stock levels, product movement, orders, and sales in real time. It automates routine tasks like stock counts, low-inventory alerts, reorder point tracking, and purchase order generation, reducing the manual effort required to keep inventory aligned with demand.
For mid-sized retailers managing multiple stores, channels, or product lines, these systems offer consolidated visibility into stock across warehouses, storefronts, and e-commerce platforms. This allows teams to forecast demand by SKU, channel, and location, align restocking with seasonality and promotions, and improve inventory turnover while limiting waste from overstock or markdowns.
Advanced solutions also support planning and reporting across multiple business dimensions, helping teams track inventory performance by product, region, or campaign. This alignment between inventory and financial operations is key to managing margins, optimizing promotional ROI, and responding quickly to changing customer behavior, especially in competitive, low-margin retail environments.
Retail inventory management software comes in various forms, each supporting different functions within a retail operation. These systems can be cloud-based or on-premises, integrated with your point of sale(POS), or used as standalone platforms. Depending on your needs, you may use one or combine several to cover key areas like tracking, planning, and fulfillment.
Here are the main types:
Retail inventory management software provides the visibility and control needed to manage stock, reduce losses, and improve service quality.
Here are the key benefits to consider:
Retail inventory management software automates core stock tasks that would otherwise require manual tracking across disconnected spreadsheets and systems. By digitizing functions like stock counts, purchase orders, restocks, and returns, it reduces errors and helps store teams stay focused on customer-facing work.
Many platforms sync inventory across POS, ERP, and e-commerce systems, ensuring a single source of truth for teams managing multi-store or omnichannel operations. This level of synchronization helps maintain accurate on-hand inventory, supports channel-level planning, and makes it easier to align merchandising and staffing decisions with what’s actually in stock.
Better visibility into inventory levels helps reduce excess stock, freeing up working capital. This enables retailers to reallocate cash toward high-margin products, seasonal campaigns, or store operations.
By aligning purchases with real-time demand signals, teams can avoid wasting funds on underperforming SKUs or duplicate orders. Inventory systems that connect with POS and ERP data support more accurate reorder planning, minimizing emergency purchases and markdown risk.
Maintaining optimal stock levels not only preserves cash but also creates more predictable cost flows, supporting budget planning, seasonal shifts, and multi-location inventory management.
Inventory management software captures real-time data on stock movement, order velocity, and product performance across sales channels. This information supports more accurate forecasting by SKU, location, and channel, inputs necessary for seasonal planning, staffing, and promotions.
Consolidating data from systems like POS, e-commerce, and ERP gives retail teams a clearer picture of what's selling, where, and at what margin. Built-in analytics help identify trends and anomalies, improving decisions around markdowns, replenishment, and pricing strategy.
With centralized, up-to-date insights, FP&A teams can model different inventory and demand scenarios, allocate budgets more effectively, and respond to supply chain fluctuations with greater confidence.
Inventory software helps ensure products are available when and where they’re needed. Fewer stockouts mean fewer missed sales and less frustration for buyers. Some systems also allow for more accurate delivery timelines and order tracking. This creates a smoother, more transparent shopping experience across online and in-store channels.
By keeping popular items in stock and managing backorders efficiently, businesses can build trust and increase repeat purchases.
Choosing the right inventory management software can be challenging. From real-time tracking to forecasting tools, the best platforms help streamline operations and improve decision-making.
Here are some top retail inventory systems with features and pricing to guide your selection.
Cube is a cloud-based FP&A platform that helps companies hit their numbers without having to sacrifice their spreadsheets. The platform consolidates data from ERPs, inventory systems, and spreadsheets into a single model, making it easier to plan for supply chain changes, headcount needs, or SKU-level margin shifts. Users can run multi-scenario plans and what-if analyses to understand how pricing, demand, or costs will impact outcomes.
Cube supports driver-based planning that links operational data, such as units sold or labor hours, to financial metrics, helping teams project revenue, costs, and profit more accurately. It also includes built-in audit trails, version history, and role-based permissions for compliance and control.
Cube supports retail use cases including SKU/store profitability analysis, demand forecasting by category and channel, and scenario modeling for markdowns and promotions. The platform consolidates data from systems like POS, ERP, and e-commerce, enabling location-level planning and inventory replenishment tied to real-time demand. Retail FP&A teams can also track labor cost versus revenue to inform staffing decisions across stores.
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Pricing: Cube starts at $2,000/month.
See detailed pricing for customizable plans.
NetSuite provides a real-time view of inventory across locations, including warehouses, stores, 3PLs, and distribution centers. It supports inventory tracking, fulfillment, and reorder planning within a single system. The software automates key tasks such as cycle counting, replenishment, and transfer orders. It updates inventory data in real time and aligns with sales and finance modules.
NetSuite’s inventory module integrates with its broader ERP suite, including financials, CRM, and e-commerce. This setup allows for centralized control of inventory and related processes.
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Pricing: Pricing is not available on its website.
Odoo is part of Odoo’s modular ERP system, designed to handle stock, fulfillment, and warehouse operations from a single interface. It supports multi-warehouse environments, batch picking strategies, and automation of key processes like replenishment and quality checks.
The platform tracks inventory in real time across all locations, with features like barcode scanning, custom routes, and smart put-away strategies to reduce movement and improve efficiency.
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Pricing: You can start for free, but to add more users you need to speak to an adviser.
QuickBooks includes inventory tracking tools that update stock levels as sales and purchases are recorded. The software provides low-stock alerts, basic purchase order management, and inventory summary reports. It connects with sales platforms such as Amazon, Shopify, and Etsy to support multi-channel tracking.
Inventory tracking is integrated with billing and vendor management features, allowing users to manage orders and payments in the same system.
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Katana is a cloud-based inventory platform designed for businesses that manage in-house, outsourced, or hybrid manufacturing. It centralizes inventory, production, and sales operations, offering a single view of product and material flow.
The system supports real-time tracking of raw materials, production status, and stock levels across multiple locations.
It also allows users to manage bills of materials (BOMs), plan production schedules, and handle subcontracting processes.
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6. Fishbowl Inventory: For QuickBooks and Xero users
Fishbowl Inventory manages inventory, warehousing, and manufacturing within a single platform. It supports real-time inventory tracking, barcode scanning, and advanced order management across multiple locations.
The platform includes tools for managing bills of materials, manufacturing workflows, and asset tracking. It also supports customizable workflows, quality control, and compliance management to meet operational requirements in regulated industries.
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Pricing: Fishbowl has four plans, but pricing isn't stated on their website.
7. SAP Integrated Business Planning: For Supply Chain Management
SAP Integrated Business Planning is a cloud-based supply chain planning platform that combines forecasting, demand sensing, inventory optimization, and sales and operations planning. It is designed to support fast, coordinated decision-making across extended supply networks.
The platform includes simulation tools, AI-driven forecasting, and scenario planning to help organizations respond to demand variability and supply chain disruptions. Users can model multilevel supply plans, monitor performance, and run what-if analyses in real time.
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Pricing: Pricing is not available on their website
ShipHero is a warehouse management system (WMS) built to help ecommerce retailers and third-party logistics providers run faster, more accurate operations. It connects directly to online storefronts and marketplaces for real-time inventory and order tracking.
The platform supports automated workflows across picking, packing, and shipping. With mobile-guided routes and barcode scanning, teams reduce errors and improve throughput. ShipHero also includes reporting tools for tracking fulfillment speed, cost, and warehouse efficiency.
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Pricing: Pricing isn’t listed on their website.
Shopify is a cloud-based commerce platform that supports online and offline sales. It offers tools for product listing, inventory tracking, order management, and payment processing across multiple sales channels.
The platform allows users to manage storefronts, sync inventory, and process transactions through a centralized interface. Shopify supports B2C and B2B operations, international sales, and third-party integrations.
Users can monitor performance, coordinate logistics, and configure store functions using built-in tools or external apps from the Shopify marketplace.
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Megaventory is a cloud-based inventory management and order fulfillment system designed for multi-location businesses. It supports tracking of stock, purchase and sales orders, production processes, and transfer of goods across warehouses.
It is built to manage inventory across different workflows, including distribution, light manufacturing, and B2B or B2C sales.
Users can also handle consignment, dropshipping, and serialized inventory from a single interface.
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Brightpearl by Sage automates retail inventory, order management, and accounting workflows. It supports high-volume commerce across multiple sales channels, warehouses, and fulfillment models.
Brightpearl is designed to centralize and streamline key back-office operations, enabling inventory control, order routing, and financial visibility without relying on manual processes.
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Pricing: Pricing is not available on the website.
12. Channel Advisor: For e-commerce brands
ChannelAdvisor, now operating as Rithum, is a centralized platform that helps brands and retailers manage e-commerce operations across marketplaces, webstores, and retail channels. It connects product catalogs, inventory data, and fulfillment workflows in one system.
The platform allows users to run advertising campaigns and analyze product performance across platforms.
ChannelAdvisor integrates with fulfillment networks, ERPs, and logistics partners to streamline order processing and delivery. All order and inventory data sync on a scheduled basis to maintain real-time accuracy across connected systems.
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Pricing: Pricing is not available on the website.
inFlow Inventory is a stock and order management platform built to help businesses move away from spreadsheets and manual tracking. It centralizes inventory, sales, and purchasing data for improved visibility and control. The software works across multiple devices, giving users access to inventory, orders, and fulfillment tools from desktop or mobile apps.
It supports barcode generation, label printing, and warehouse transfers for businesses with distributed stock.
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Square Inventory is part of the broader Square POS system, offering small and midsize businesses free inventory tools for tracking stock, managing orders, and syncing data across sales channels.
The inventory system automatically updates stock levels in real time as sales are made or inventory is received.
Users can set low-stock alerts, create barcodes, and generate purchase orders directly from the dashboard.
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Lightspeed offers a cloud-based retail inventory system that consolidates product data, purchase orders, and stock tracking across multiple sales channels and physical locations.
The software enables users to order stock from suppliers, track SKUs, manage pricing, and sync data from a central dashboard.
Inventory counts, stock alerts, product variants, and order automation are all handled from one system. The platform also supports bulk edits, barcode management, and real-time inventory visibility.
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Magestore is an inventory and POS solution purpose-built for Magento-based retailers. It syncs inventory across all sales channels in real time, helping merchants manage stock, sales, and fulfillment from one system.
The platform offers centralized product tracking, including SKUs, serial numbers, and barcodes.
Users can monitor and transfer inventory across multiple stores and warehouses, ensuring stock accuracy and product availability. It supports multi-location fulfillment, permission-based staff roles, and in-depth stock reporting.
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Vend, now part of the Lightspeed platform, provides a cloud-based POS and retail management system for multi-channel retailers. It supports sales across in-store and online channels, while consolidating inventory and customer data into a single platform.
The system offers inventory tracking with purchase order generation, product variants, serial number tracking, and multi-location support. Vend also integrates with eCommerce, marketing tools, accounting software, and payment solutions.
It includes open API access for custom workflows, embedded payments, and marketing integrations. The software also offers built-in tools for loyalty programs, customer segmentation, and SMS campaigns.
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Linnworks is an inventory and order management platform designed for multichannel sellers. It helps businesses centralize operations across warehouses and sales platforms. Real-time inventory visibility supports consistent stock updates and fulfillment coordination.
The system syncs stock levels automatically as purchase or sales orders are processed. Users can track inventory by location and bin, streamline reordering, and generate purchase orders with fewer steps. Forecasting tools assist in maintaining optimal stock levels based on demand patterns.
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Pricing: Pricing is not available on the website, but Linnworks pricing aligns with the number of orders you process through the platform.
Ordoro is an inventory management platform built for merchants who sell across multiple sales channels. It helps synchronize stock levels, manage reorders, and track inventory across warehouses and fulfillment partners. The system supports advanced features like kitting, bundling, and manufacturing workflows.
The platform includes tools for inventory control, automation, and multi-warehouse coordination.
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20. Zoho Inventory: For SMBs
Zoho Inventory is a cloud-based inventory and order management tool designed for businesses that manage products across multiple channels and locations. It supports end-to-end tracking from warehouse control to order fulfillment and invoicing.
The platform helps manage stock across various warehouses, set reorder points, and create bundled products using item groups and assemblies.
Zoho Inventory integrates with major ecommerce platforms and shipping carriers to provide a unified sales and logistics view.
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Wasp barcode enables organizations to manage inventory across multiple locations and departments. It centralizes order processing, receiving within a unified system. The platform also supports lot tracking, barcode scanning, and real-time inventory updates.
Users can manage purchase requisitions, assign reorder points, and track inventory by bins or vendors. Wasp also enables cycle counts, order validation, and vendor drop shipping directly from the platform.
The system works for varied use cases like consumables tracking, manufacturing inputs, and retail stock rooms.
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Sortly is an inventory management app built for small businesses managing tools, equipment, raw materials, and supplies. Users can upload photos, scan barcodes or QR codes, and organize inventory by location or category. Sortly supports low stock alerts, custom fields, and real-time syncing across devices, helping teams stay updated even when offline.
This software is often used in industries like construction, retail, education, and healthcare.
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Unleashed is a cloud-based inventory and production management platform tailored to manufacturers and distributors that need to track raw materials, streamline purchase orders, and manage multi-location stock. It offers tools for batch and serial tracking, demand forecasting, and real-time reporting.
The platform integrates with over 30 tools, including Xero, QuickBooks, Shopify, and Amazon, helping businesses unify inventory, sales, and finance data.
It also supports B2B eCommerce and CRM functionality, making it well-suited for growing businesses managing both offline and online operations.
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Saleswarp centralizes inventory data, automates workflows, and offers real-time updates to streamline fulfillment processes and reduce stock issues.
The platform supports a range of fulfillment models, including in-house, dropshipping, and Fulfilled by Amazon (FBA). It also offers visibility into inventory movement, order tracking, and location-based stock prioritization, helping teams coordinate operations across warehouses and channels.
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Finale Inventory is a cloud-based inventory management system tailored for ecommerce businesses, Amazon FBA sellers, and warehouse operations.
Finale Inventory supports complex workflows across multiple sales channels and warehouse locations with real-time syncing, barcode scanning, and centralized order and stock management.
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Blue Yonder is an enterprise-grade platform for end-to-end supply chain planning, execution, and optimization.
It supports multichannel inventory management, warehouse control, demand forecasting, and order orchestration at scale. The system integrates with supplier networks and offers visibility across all tiers of a supply chain.
Large organizations use it to manage planning, fulfillment, and returns across multiple geographies and channels.
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Pricing: Pricing is not available on the website
Revel supports restaurant and retail operations with centralized control over orders, inventory, customer data, and reporting.
It integrates with third-party systems for loyalty programs, delivery, and analytics, and includes a mobile POS for order-taking and self-service. Revel’s open API supports custom tech stacks, allowing users to connect with external platforms and services.
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Pricing: Pricing is not available on the website.
Effective inventory management isn’t just about knowing what’s in stock. It’s about having the tools to adapt quickly to demand shifts, reduce excess inventory, and plan with precision. For retail businesses managing tight margins and multiple channels, this means having a system that brings together inventory, sales, and financial data in one place.
Look for a platform that supports demand forecasting by location and SKU, inventory replenishment planning, and scenario modeling for pricing or promotions. Tools that consolidate data from POS, ERP, and e-commerce systems can help FP&A teams align purchasing decisions with real-time trends and improve store- or channel-level profitability.
With the right solution, you’ll be able to reduce stockouts and markdowns, improve cash flow, and respond to changes in consumer behavior with greater speed and confidence.
Get a free demo to see if Cube is the right fit.