Best Manufacturing Inventory Management Software of 2024

Find and compare the best Manufacturing Inventory Management software in 2024

Use the comparison tool below to compare the top Manufacturing Inventory Management software on the market. You can filter results by user reviews, pricing, features, platform, region, support options, integrations, and more.

  • 1
    Epicor Kinetic Reviews
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    With a legacy spanning over 50 years in manufacturing, Epicor Kinetic has built a reputation for providing tailored solutions globally. Central to Epicor's approach is genuine, long-lasting partnerships, ensuring its solutions adapt to dynamic business needs. Kinetic not only addresses current demands but also steers businesses towards Industry 4.0 and intelligent manufacturing. This forward-thinking approach is complemented by Epicor's commitment to leadership in cloud solutions with unmatched security, simplicity, and support. Kinetic's user-friendly interface lets average users turn business data into actionable insights and compelling reports that drive productivity. By leveraging the latest AI, ML, and IoT technologies, Kinetic's user experience facilitates a smooth shift to advanced manufacturing processes. Epicor Kinetic, while primarily cloud-based, also supports on-premises and hybrid models, offering versatile deployment options. Kinetic accelerates customer ambition with solutions for maximizing productivity, growth, and efficiency. That's what makes Epicor the essential partner for the world's most essential businesses.
  • 2
    Odoo Reviews
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    Odoo

    Odoo

    $25.00/month/user
    1,487 Ratings
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    Odoo is an open-source, fully customizable and extensible software that includes hundreds of professionally designed business applications. Odoo's intuitive database can meet most business needs including CRM, Sales, Projects, Manufacturing, Inventory, Accounting, and Accounting. Odoo is a software solution that can be used to meet all company needs, regardless of size or budget. Odoo's seamless design makes it easy for businesses to become more efficient and save time. Each module is interconnected to offer a seamless experience from one app to the next. Users can automate many tasks that would otherwise require manual inputs to multiple applications. Odoo enables teams to collaborate with each other from one platform, allowing them to keep all business functions in one place.
  • 3
    MRPeasy Reviews
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    MRPeasy

    $49.00/month/user
    176 Ratings
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    The ultimate MRP solution for small manufacturers! MRPeasy offers an affordable, user-friendly, and cloud-based MRP system tailored specifically for small manufacturing businesses. Transform your customer orders into manufacturing orders and let the system schedule them automatically. It effortlessly books items from your inventory, and if needed, initiates purchase orders on your behalf. Depending on the real-time requirements, MRPeasy allows for both forward and backward scheduling. Automated checks ensure the availability of workers, workstations, and materials. Maintain a comprehensive overview of all your operations at all times! MRPeasy also smoothly integrates with premier accounting software such as QuickBooks and Xero, along with e-commerce platforms like Shopify and WooCommerce. This integration creates an all-encompassing business management solution that meets your every need.
  • 4
    Fishbowl Reviews
    Fishbowl is the best-selling software for warehouse and manufacturing management. Fishbowl is a software that allows small and medium-sized companies, such as manufacturers, distributors, or service providers, to seamlessly integrate advanced inventory features into QuickBooks. It offers multi-location tracking, bill of materials, billing, shipping, auto reorder points and integrations with EDI shopping carts, merchant service, and other business solutions. Fishbowl is an excellent choice if you're looking for an affordable solution to manage inventory. It can help your company take advantage of the latest technology in order to streamline operations and save money.
  • 5
    Artintech ERP Reviews
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    Artintech

    $24.95/Module/Month
    16 Ratings
    Artintech ERP’s warehouse management module is a must-have for businesses looking to manage inventory efficiently. It includes features like receiving, transfer orders, inventory reports, stock counting and adjustments, asset value tracking, and more. With real-time inventory tracking, companies can optimize storage, minimize stockouts, and improve their supply chain processes. The asset value feature also offers a clear overview of company assets, making them easier to manage. By using Artintech ERP’s warehouse management module, businesses can boost warehouse efficiency, save time and money, and positively impact their bottom line.
  • 6
    Katana Cloud Inventory Reviews

    Katana Cloud Inventory

    Katana Cloud Inventory

    $179/month
    225 Ratings
    Katana Cloud Inventory platform gives you a live look at your business, including live inventory and manufacturing management, batch tracking for end-to-end traceability, a Shop Floor App for total floor-level control, open API, and a growing channel partner network. Real-time inventory insights Access real-time inventory data for informed decisions, proactively preventing stockouts and overstock. Gain complete visibility into product locations, arrivals, and quantities, ensuring efficient operations and precise stock control. Built-in purchase order management Make informed purchasing decisions based on precise material requirements and reorder points. Issue purchase orders directly from Katana and track delay risks to meet customer demand.
 Manufacturing operations management Define your bill of materials and operations to optimize production scheduling, maintain optimal levels of raw materials and finished goods, and accurately track manufacturing costs for streamlined production. Omnichannel sales management Centralize all your B2B and B2C sales orders to quickly identify available items for sale and significantly optimize your order fulfillment process, leading to improved operational efficiency.
  • 7
    SAP Business ByDesign Reviews

    SAP Business ByDesign

    Navigator Business Solutions

    $22 per/user/month
    1 Rating
    SAP Business ByDesign is an affordable, easy-to-use enterprise resource planning system (ERP) specifically designed for fast-growing small to mid-market businesses and subsidiaries of larger companies. From financials and inventory to customer relationship management and human resources, SAP Business ByDesign integrates all major aspects of your business for end-to-end visibility, added efficiency, and improved operational control. By serving as the nerve-center for your business, with all data flowing into a single, centralized system, SAP Business ByDesign enables real-time data access for faster, complete, more nimble decision-making. SAP Business ByDesign comes with workflows and best practices that help your business run operations more efficiently from Day 1. It also scales with your business, so you don’t have to change systems as you grow. Some of the key features of SAP Business ByDesign: Integrated system architecture that manages all your company dataSAP Business ByDesign Complete operational visibility and control End-to-end business process automation Precise real-time reporting and analytics Customization for business and industry-specific requirements Secure data access anytime, anywhere
  • 8
    NolaPro Reviews
    NolaPro is an ERP-level accounting, order tracking, inventory, and payroll system developed in Linux that can compete with much more expensive options. It can be customized and scaled to fit any business size, unlike any other accounting program. Cloud version is available for those who prefer a more hands-off approach. However, it can be downloaded locally on Windows and Linux platforms for those who prefer greater control and security. Fulfillment & Service Order Management, AP and AR, CRM, General Ledger. Payroll, Timeclock, B2B Portal (for secure client invoicing payments) and integration to many 3rd-party apps. Or request your own! NolaPro supports multi-currency and offers tons of options & additional features. It also comes fully loaded with more than 150 standard reports. CNet, Entrepreneur Magazine, TechRepublic and The Linux Journal all agree that NolaPro offers flexibility, features, and pricing that provide unmatched value and efficiency in managing your business.
  • 9
    AIM Vision Reviews

    AIM Vision

    AIM Computer Solutions

    $10,000+
    3 Ratings
    Facilitate better supply chain management by streamlining the planning, management, and execution of all activities related to sourcing and procurement. Supply Chain Management solutions can help you reduce costs, increase inventory, and improve production efficiencies. It's flexible and allows you to respond to customer needs. AIM Vision assists automotive suppliers in implementing the necessary business systems and preparing for internal reviews and customer MMOG/LE audits. Based on cumulative customer requirements and shipments, track and process customer demand. Analyze demand trends using release history comparisons. Management of cum variances between suppliers and customers is an industry best practice. All aspects of shipping and receiving products can be controlled and integrated with PO Receiving and Production.
  • 10
    aACE Reviews
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    aACE

    aACE Software

    $99/month/user
    7 Ratings
    aACE is a powerful business management software with over 20 years of development built-in. Designed for small-to-midsized businesses to efficiently manage their operations in one comprehensive solution, we’ve worked closely with our customers to refine the features that are the most important to daily users. aACE includes comprehensive tools for sales, operations, and accounting, offering deep visibility into your organization. The robust user permissions allow you to manage which data any of your employees can access. Consequently, customers have told us that aACE reduces the amount of time they've spent looking for information or on inter-office communication by as much as fifty percent (50%). aACE is available either as an on-premise solution or a cloud-based business management software. aACE also offers affordable customization in order to fit each company's special workflows, supporting what sets you apart from your competitors. Looking to automate more of your business processes? aACE provides extensive automation capabilities to improve CRM, accounting, and operational efficiencies, eliminating duplication and, in most cases, the need for additional labor to accomplish your company's performance goals.
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    Panotica Hydra 4.0 Reviews

    Panotica Hydra 4.0

    Galactica

    $9 per user per month
    3 Ratings
    Panotica Hydra, a modular QMS software, is designed to manage quality processes in accordance with ISO 9001, 14001 and 18001 standards. The software allows you to not only gather all the company's improvement processes into one system but also to integrate all employees on the platform. Hydra allows remote supervision of activities that aim to improve quality and engage employees in the improvement process.
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    Shipedge Reviews

    Shipedge

    Shipedge

    $500.00/month/user
    1 Rating
    Shipedge is an Order Management and Warehouse Management Suite. Shipedge was developed from an eCommerce warehouse. We have created a solution that meets the needs of our clients. Shipedge features include Mobile Warehouse Management, 3PL Billing and Returns & Exchanges, as well as an automatic Ship Rate Shop. Modules are available for serial number, lot control and unit of measure. Drop shipping, order routing, and tools to sell eCommerce bundles are all available. You can manage all your inventory through over 250 integrations. Our modular solutions can scale with you, so you only pay what you use. The courses and documentation are well-written, making it easy to get started. You also get ongoing support via live chat.
  • 13
    DBA Manufacturing Reviews

    DBA Manufacturing

    DBA Software

    $1995.00/one-time
    1 Rating
    As we recover from the COVID-19 pandemic, this is a new era in our global economy. The recovery will be led by the small-business manufacturing sector. The status quo is no longer a viable option. There is an opportunity for you to rethink the way you run your business. To stay competitive and survive, every manufacturing company must improve its efficiency. DBA can help you overcome this challenge and deliver the manufacturing miracle that is high throughput, efficient inventory, lean staffing, and lean production. Our unique demand-driven planning system allows any company to succeed without the need of outside assistance, on-site training, or custom programming. The inherent flaws in traditional planning methods cannot be overcome by custom programming or training. We have seen companies throw money and employees at their planning silos in an attempt to improve their businesses. It is important to adopt the DBA demand-driven system that delivers higher throughput.
  • 14
    TrueERP Reviews
    Full Accounting Functions give you maximum flexibility in creating and managing your financial systems. TrueERP software integrates all your business systems into a single, easy-to-use solution. TrueERP includes every module and function. This means that you only need to enter the data once and the entire suite will know about it. Your ability to cross-reference information from different systems can limit your core business functions such as production, sales, purchasing and accounting. TrueERP can adapt to your business's needs and allow you to create new systems. TrueERP is the perfect solution if you want to avoid duplicate efforts and manage information from multiple apps.
  • 15
    Masterplan ERP Reviews
    Masterplan helps you run your business efficiently by integrating all aspects of it. Find the secrets to your company’s success and learn how to drive growth by digging deep into your data.
  • 16
    PINpoint V5 MES Reviews
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    PINpoint V5 MES

    PINpoint Information Systems

    3500
    8 Ratings
    The PINpoint MES solution consists of PINpoint V5 MMES Software and Targeted Services. This solution can significantly increase production output and quality. -Resolve production scheduling and sequence issues once and for all -Unlocking and harnessing your best operators' knowledge and experience -Identifying inefficiencies and eliminating them from your process and operator habits -Reduce chronic "fire fighting" and establish a mindset of continuous improvement Dramatically increasing operator engagement These are the results of world-class manufacturers using PINpoint MES solutions in their Industry 4.0 digital transformations. You can too! The best part? Our solution delivers results starting on Day 1.
  • 17
    Statii Reviews
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    Statii

    Statii

    ÂŁ57.50/month/user
    16 Ratings
    Statii software is an ERP and MRP solution for small and medium-sized manufacturing companies. It helps them work smarter and eliminate manufacturing process bottlenecks. Statii software is simple, intuitive, and specific to SMBs. It offers a wealth of tools that increase productivity and cost-effectively, helping them stay competitive and grow. These tools include tools to store customer and supplier information, track enquiry/quotation statuses, track sales, works, purchase orders, and many other useful features.
  • 18
    MIE Trak Pro Reviews
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    MIE Trak Pro

    MIE Solutions, Inc.

    $125/user/month
    7 Ratings
    We want your company's growth and success in a competitive manufacturing sector. MIE Solutions offers ERP software for discrete manufacturing industries, including aerospace, automotive and metal fabrication, electronics, as well as other sectors. Our customers can choose between cloud and on-premise solutions. We also offer perpetual and SaaS licensing options. MIE Trak Pro has multi-division capabilities and can be used by small and start-up manufacturing companies as well as mid-sized enterprises in the discrete manufacturing sector. MIE Solutions offers services to the United States of America, Canada, Mexico and New Zealand. We want your business' growth and improvement because we care about what you do and how you make it. Manufacturing is an ever-evolving industry. We understand this. We can help you grow and support your customers with timely delivery and competitive prices, while still remaining profitable.
  • 19
    TrakSYS Reviews
    To run your business, you need insight and tools. There is no need to have endless software projects. TrakSYS, a next-generation MES platform, has all the functionality you need to monitor, measure, report and analyze your manufacturing operations more effectively. TrakSYS helps you benchmark your productivity and performance by collecting data from any source (PLCs/IIoT, ERP, manual). To provide real-time, actionable intelligence about your manufacturing operation, you can leverage your existing resources, infrastructure, and assets. The TrakSYS platform includes many standard dashboards and reports that will give you unparalleled insight into your operations. The web-based configuration tools in TrakSYS allow you to create custom reports, forms, and screens.
  • 20
    NetSuite Reviews
    Top Pick
    One integrated business management suite that includes ERP/Financials CRM and ecommerce. It can be used by more than 20,000 customers. It has never been more important to be flexible. You have the control and visibility to make the right decisions now. NetSuite's flexibility allows you to scale up, spin-off, and adopt new business models quickly and easily. Your configurations and customizations are seamlessly migrated with every NetSuite upgrade. Your core business system is now your customer-facing commerce platform. It can be customized to meet customer needs and provides a pixel-perfect experience. The NetSuite user interface offers real-time analytics. The NetSuite user interface lets users know what to do and how they can help the business. Vital business data is available right from the system.
  • 21
    Cetec ERP Reviews

    Cetec ERP

    Cetec ERP

    $50.00/month/user
    2 Ratings
    Cetec ERP is a cloud-based manufacturing enterprise resource planning solution that caters to small and medium sized businesses. As a full suite ERP, it helps manufacturing companies to manage the various business processes specific to a manufacturing environment, including bills of materials, quoting and job costing, supply chain management, inventory control, procurement, shop floor management, and quality assurance. The intuitive nature of a web-based platform makes Cetec ERP easy to learn and implement, and keeps costs significantly lower than ERPs with similar breadth of functionality. Cetec ERP is more operations-focused than traditional ERPs, and adds value to SMB manufacturers with modern technology, user friendly interfaces, real-time data, strong cost accounting, and a fully integrated workflow. While nimble as a platform, the breadth of features caters to manufacturers in electronics contract manufacturing, high mix/low volume, aerospace and defense, medical device OEMs and contract manufacturers, machine shops, industrial equipment OEMs, cabinet manufacturers, fabric, and more. Services are offered on a monthly subscription basis that includes support via email, phone and through other online resources.
  • 22
    Optessa Reviews
    Software for enterprise manufacturers that uses attribute-based planning and scheduling. Our automated system allows customers to save thousands of hours manually creating schedules. Our proprietary optimization engine generates superior schedules and plans that help our customers save millions in production costs per facility. Optessa's rich constraint library allows it to solve complex scheduling and planning problems, integrate with legacy systems without the need of custom coding, and deploy in many industries.
  • 23
    AccountMate Reviews

    AccountMate

    AccountMate Software

    $4000.00/user
    2 Ratings
    AccountMate provides unique accounting solutions to help you grow your business. Our ERP software can be modified to give you a competitive edge. This product is designed to support hundreds of concurrent users. It features an enhanced user interface, robust features, ease-of-use, and extensible (using the AccountMate Enterprise software Development Kit) and source code modifiable. You can adapt the AccountMate products to your business and make them work for you. This product is for small businesses who want the stability and speed that SQL Server offers without the need to purchase a SQL Server license. It can support up to five concurrent users. This product has the same user interface, ease of use, extensible (using AccountMate Enterprise Software Developer Kit), and source code modifiable.
  • 24
    Genius ERP Reviews
    Top Pick
    Genius Solutions provides complete enterprise resource planning (ERP), including software and implementation services, for small- to medium-sized custom manufacturers. Genius ERP is designed for manufacturers who handle make-to order, engineer-to–order, custom-to–order, and assemble-to–order manufacturing. One system simplifies complex manufacturing by allowing accurate estimating, product engineering and inventory control. Field services can also be managed with complete oversight.
  • 25
    QuickBooks Enterprise Reviews
    QuickBooks Enterprise can handle all of it with an all in one solution designed to manage your business, and your bottom line. Your team can collaborate anywhere with QuickBooks Enterprise cloud access. It offers a secure connection and automatic daily backups. Hosting gives you the power and flexibility to use our most powerful software. You get 6x the list capacity of Premier and Pro with room to grow to as many as 1,000,000 customers, vendors, or inventory items. You also get faster payroll within QuickBooks, deeper insights with 200+ reports and targeted editions for each industry. Enterprise Diamond is an integrated solution that streamlines business management. It combines key functionality and allows you to add and customize as your business grows. Assisted Payroll will manage your payroll taxes, including year-end and quarterly filings. We guarantee accuracy and timely delivery.
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Overview of Manufacturing Inventory Management Software

Manufacturing inventory management software is an integral part of any manufacturing business, and it helps streamline the process of tracking materials, parts, and finished goods. This type of software enables companies to accurately track stock levels and efficiently manage their production processes.

At its most basic level, the software keeps track of items coming in and out of the warehouse. It usually allows businesses to quickly locate stock items by barcode or serial number, or even on a map if GPS tracking technology is used. Businesses can also create detailed reports from this data for better inventory management.

Manufacturing inventory software may also include features such as supplier management, allowing companies to keep track of vendors and suppliers in order to make better purchasing decisions; workflow automation tools that help automate manual processes such as reordering or restocking; tracking capabilities that allow companies to trace raw materials back through the entire supply chain; reporting functions that generate detailed reports with important metrics like cost per item or total inventory value; mobile access so users can view data while out on the road; integration with other systems like financials or ERP systems for easy data exchange; product assortment planning so companies can adjust what they carry; forecasting tools so businesses can anticipate future demand; automated reminders that alert staff when certain actions need to be taken (e.g., restocking); and more.

Overall, manufacturing inventory management software can provide valuable insights into your production operations while helping you reduce costs and improve customer service. The right system will help you gain visibility into your entire supply chain, from raw material procurement all the way through distribution, and provide the information you need to build an efficient production process that meets customer demands while staying within budget.

Reasons To Use Manufacturing Inventory Management Software

  1. Improve accuracy and visibility of inventory: Manufacturing inventory management software can provide real-time visibility into current stock levels, helping to ensure accurate order fulfilment and reduce the risk of stock-outs.
  2. Reduce paperwork and labor costs: By automating manual processes such as counting and entering data, businesses can greatly reduce the time it takes to manage their inventory while cutting labor costs in half or more.
  3. Streamline vendor & supplier relationships: Automated tracking of purchase orders and invoices helps streamline interactions with vendors and suppliers, helping to ensure that all items purchased are received when needed.
  4. Improve warehouse efficiency: Inventory management software can help automate processes like receiving goods, stocking shelves, cycle counting of stock items, picking products for orders, packing boxes, etc., increasing operational efficiency by reducing human errors due to incorrect data entry.
  5. Enhance customer satisfaction: By making sure customers receive their orders on time, businesses can enhance customer loyalty and drive repeat sales by providing excellent service each time an order is placed with them.
  6. Monitor item trends & reports: Real-time analyses enable better decision making regarding which items need to be stocked or which ones need to be discontinued based on past sales history and other factors like seasonality changes in demand, etc., helping businesses optimize their inventory investment.

Why Is Manufacturing Inventory Management Software Important?

Manufacturing inventory management software is a critical tool in the modern business environment. In today's competitive marketplace, it is essential for companies to have an efficient way to keep track of their inventory levels and to be able to adjust quickly when needed.

The primary function of manufacturing inventory management software is to provide visibility into how much stock of each product and component are available at any given time. With this information, businesses can better plan production schedules and ensure that they will have enough materials on hand when orders come in. Additionally, the software can help determine what amount of raw materials should be procured from suppliers, and how much finished product should be produced in order to meet customer demand. Without such accurate information, organizations would risk overstocking or understocking at any given moment.

Inventory management systems also helps minimize waste by predicting future demand so that companies can produce only what’s necessary. This leads to greater efficiency across multiple departments since teams no longer need to purchase more than required or overproduce items due to shortage risks. It also opens up new opportunities for businesses that prefer not having excessive inventories because they put pressure on storage capacity or add unnecessary costs associated with warehousing products for extended periods of time.

Finally, advanced inventory tracking tools provide real-time data which allows managers to make informed decisions regarding their supply chains quickly and accurately without wasting valuable resources ordering too much or too little stock than necessary at any given moment. This gives organizations an advantage over competitors who may not have access to such insights, allowing them simplify processes while keeping budgets tightly controlled as well as reducing potential losses associated with material shortages and expired products sitting in warehouses taking up space instead of being turned into profits through saleable goods.

Overall, manufacturing inventory management software is vital for businesses today who wish remain both organized and financially successful regardless if they’re just starting out or already established within their respective industries.

Features of Manufacturing Inventory Management Software

  1. Product Registration & Inventory Management: Manufacturing inventory management software allows manufacturers to quickly and easily register new products, track their current stock levels, and forecast future demand in order to optimize inventory levels. The software can be used to set up alerts when stock reaches a certain threshold level, allowing for quick reordering of materials, parts, and other resources.
  2. Production Scheduling: This feature allows companies to define the exact timeline and sequence of production operations required to efficiently manufacture products according to customer expectations. It helps manufacturers create an optimized schedule that eliminates delays in the manufacturing process due to lack of available resources or unanticipated issues with suppliers.
  3. Quality Assurance Checklists: Through quality assurance checklists, users can easily keep track of essential inspection points during the manufacturing process for each product they are producing in order ensure every product meets the highest standards of quality control before being shipped out. By having all information stored within one system, it reduces time-consuming manual entry processes while simultaneously providing comprehensive tracking data for each item produced.
  4. Inventory Analytics & Reporting: Manufacturers can gain valuable insights into their operations through automatic reporting capabilities provided by inventory management software systems which help them determine accurate cost estimates for raw materials connected with particular orders as well as analyze overall performance trends across departments over time periods specified by the user for spot improvement areas where needed most effectively.
  5. Integration Services: Many inventory management solutions come equipped with integration services that allow users to quickly connect other systems like ecommerce platforms or accounting applications so they don’t have to manually enter data between multiple databases and interfaces; enabling more efficient collaboration between teams working on different projects at once while data is automatically synced between both sources without any manual input from users.
  6. Automated Purchasing: Finally, these systems often include automated purchasing capabilities which enable users to quickly reorder materials or parts when stock levels reach their thresholds and create purchase orders with vendors for the needed supplies in order to reduce labor costs associated with manual purchase order creation while streamlining the entire process.

Who Can Benefit From Manufacturing Inventory Management Software?

  • Business Owners and Executives: Manufacturing inventory management software can provide an easy way to monitor the production process, automate ordering, track stock levels, audit orders, and comply with regulations.
  • Inventory Managers: These users are responsible for organizing the purchase of all of the raw materials and components needed for production. Software helps these users ensure that they have all parts in-stock when needed to keep production on schedule. It’s also useful for tracking inventory quantities to help prevent over-stocking or under-ordering of materials.
  • Logistics Professionals: Logistics personnel need software tools to help streamline shipping and fulfillment processes. This includes tracking shipments from suppliers, arranging transportation services, preparing documents such as packing slips or invoices, and ensuring accurate delivery times.
  • Quality Assurance Personnel: Quality assurance professionals rely on manufacturing inventory management software to assist with compliance audits and product quality control tests. The system can also be used for verifying the accuracy of weights and other performance criteria before products leave a warehouse or factory floor.
  • Manufacturers: Manufacturers often require accurate records of their entire supply chain network in order to manage multiple vendors across different geographical regions. Inventory management systems allow them to monitor supplies from start-to-finish in order to right-size their inventories while maximizing supplier efficiency at every step along the way.
  • Warehouse Operators: Warehouses need software solutions that help optimize storage space usage as well as ensure quick inventory turnover times so they can fulfill orders on time without relying upon last minute expediting fees from suppliers or carriers. Manufacturing inventory management systems provide automated spreadsheets showing available stock levels at any given time in addition to tracking inaccurate shipments by SKU or part number if required.
  • Software Developers: Developers need software solutions to create and maintain custom applications that can integrate with existing inventory management systems. These integrations allow users to access product information, such as availability, description, pricing, weights, etc., without having to manually enter data into a separate database or spreadsheet application.

How Much Does Manufacturing Inventory Management Software Cost?

The cost of manufacturing inventory management software can vary significantly depending on the features and capabilities you’re looking for. The cost can range from a few hundred dollars to several thousand dollars, depending on the size and complexity of your business needs. For example, basic inventory tracking with some simple reporting may only cost several hundred dollars while advanced solutions designed for larger companies may run in the thousands. Some vendors offer subscription-based pricing models where costs may be determined by the number or variety of items being tracked and managed as well as add-on modules like analytics or forecasting tools. Additionally, professional services such as implementation help or training might carry additional fees. Ultimately, it is important to understand exactly what features are necessary to run your operations efficiently and determine if those features come at a reasonable price before investing in any software solution.

Risks To Consider With Manufacturing Inventory Management Software

  • Loss of Data: Manufacturing inventory management software can experience data corruption, which can lead to inaccurate record keeping and even complete data loss.
  • Inability to Serve Customers: If the manufacturing inventory management software is malfunctioning or corrupted, customers may not be able to receive their products in a timely manner. This could result in lost customers and decreased profits.
  • Cybersecurity Vulnerabilities: Like any software system, there is the potential for malicious actors to gain access via security flaws. This could put customer information at risk as well as potentially disrupt operations if systems are shut down or encrypted by ransomware attacks.
  • Increased Costs: Implementing a new manufacturing inventory management system can require significant upfront costs which will need to be recouped through increased revenue over time. There is also ongoing maintenance and support costs with technology upgrades that must be considered.
  • Human Error: It’s possible for operational mistakes to occur due to user error when using manufacturing inventory management software, such as misplacing material items or miscounting stock levels due lack of understanding of how the software works; leading to delays in order fulfillment, wastage or other issues that impact bottom line performance negatively.

Manufacturing Inventory Management Software Integrations

Manufacturing inventory management software can integrate with a variety of other types of software, such as Enterprise Resource Planning (ERP) software, accounting and finance software, customer relationship management (CRM) software, supply chain management (SCM) software, warehouse management system (WMS) software, product lifecycle management (PLM) software, analytics and reporting tools, asset tracking systems and forecasting tools. By integrating with these different types of systems, manufacturing inventory management solutions can provide more comprehensive coverage of processes related to the sourcing, ordering/purchasing, storing and tracking of material resources used in production. Having the ability to access data from all these sources in one place facilitates streamlined operations within organizations.

Questions To Ask When Considering Manufacturing Inventory Management Software

  1. How easy is the software to use and learn?
  2. What features does the software offer for tracking and managing inventory?
  3. Does the system come with built-in reports or data output which can be used to inform decision making?
  4. Can the software be customized to match your exact needs?
  5. Is there a cost associated with using the software, including licensing fees or any other monthly or annual fees?
  6. Who provides technical support if there are issues with the software?
  7. What security measures are in place to protect our sensitive data such as customer information and confidential pricing information from unauthorized users?
  8. Are there any compliance requirements that must be met when using this system (e.g., GDPR, HIPAA, etc.)?
  9. How often is the system updated with new features or other improvements/fixes?
  10. Are integrations available so that data can be shared between different systems (e.g., accounting, finance, sales)?