Are you a Shopify store owner struggling to keep track of your inventory? Need help with how much stock you have to manage across multiple channels?
We’ve researched to bring you 5 of the best inventory management software for Shopify in 2024.
As a Shopify expert with over a decade of experience, I’ve seen it all regarding inventory management challenges. Juggling multiple sales channels, possibly on multiple locations, tracking all sales data, managing inventory, worrying about low stock alerts… All of this can prove to be too much for many Shopify store owners.
That’s why I’m confident in recommending these top-tier solutions to improve your stock control.
In the next 11 minutes, I’ll walk you through each option’s essential features, pricing, and pros and cons so you can make an informed decision for your business.
What Are the Best Inventory Management Software for Shopify?
Running a successful Shopify store requires a reliable Shopify inventory management system to keep your operations running smoothly.
The right software can save you time, money, and headaches, from real-time stock tracking to automated reordering. Let’s dive into 5 of the best inventory management solutions for Shopify in 2024.
Cin7 is an all-in-one inventory, order, and supplier management platform built for Shopify stores. It offers advanced features like multi-channel inventory sync, barcode scanning, and automated purchase orders. It’s one of the most popular Shopify inventory apps among retail businesses.
Cin7’s intuitive dashboard provides a centralized view of your entire supply chain.
Key Features of Cin7 as your Inventory Management System
- Real-time inventory visibility across all sales channels
- Automated purchase orders and supplier management
- Advanced reporting and data analytics
- Stock sync
- Seamless Shopify integration
- Monitoring inventory quantities
Product
Pros/Cons
Ratings
Pricing & Rating
- Robust inventory management capabilities
- Extensive automation and workflow features
- Excellent customer support
- Higher price point compared to some competitors
- It can be complex to set up for smaller businesses
Value
4.1
Features
4.2
Performance
4
Ease of Use
4
Design & Themes
4
Integrations
5
$299
monthly
User Rating
4.3
reviews
My Experience and Opinion About Cin7
In our operations, we found Cin7 to be valuable. It provided a clear snapshot of our inventory—a crucial asset for our product-based company. Tracking sales orders back to their sources was straightforward, allowing us to identify specific stock usage. When quality issues arose, pinpointing the associated batch or purchase order helped us perform targeted inspections and maintain customer satisfaction.
Cin7’s location-specific tracking was detailed, although the interface wasn’t always the most user-friendly. Still, it offered comprehensive insights across all locations, including Amazon FBA.
While Cin7’s replenishment and reordering features were helpful, they could have been more robust, especially for sales demand forecasting and managing safety stock. We relied on Inventory Planner for predictive analytics and efficient replenishment as a workaround.
Cin7 served us well, emphasizing clarity, detailed tracking, and location-specific insights. For sure belongs on any list of the best inventory management software for Shopify.
Ordoro is a comprehensive inventory management solution tailored for Shopify merchants. To streamline operations, it offers multi-channel inventory sync, barcode scanning, and automated order fulfillment.
Key Features
- Real-time inventory updates across all sales channels
- Automated purchase orders and dropshipping
- Advanced shipping and logistics management
- Detailed reporting and product analytics
Product
Pros/Cons
Ratings
Pricing & Rating
- Affordable pricing for small to medium-sized businesses
- Intuitive user interface and easy setup
- Robust automation and workflow features
- Limited customization options
- It can be overkill for tiny businesses
Value
4.6
Features
4.4
Performance
4.3
Ease of Use
4.6
Design & Themes
4
Integrations
5
$59
monthly
User Rating
4.7
reviews
My Experience and Opinion About Ordoro
This software played a crucial role in our business operations—making running and staying in business possible. Without similar programs, we would have struggled to function effectively.
As one of the best inventory management software for Shopify, Ordoros’ integration with multiple platforms is seamless. The software balances simple features (which are easy to use) and more advanced features (which require some familiarity but are available if you know how to navigate them).
However, I needed to learn Excel or spreadsheet skills to fully utilize some of the software’s more obscure—but excellent—features. These features are well-explained, but the sheer number of functionalities can be overwhelming.
This software has been a valuable asset, even though mastering all its benefits can be a bit like navigating a treasure trove—it’s rich with features waiting to be unlocked.
Extensiv is a robust inventory and order management platform designed to handle the complexities of multi-channel e-commerce. It offers advanced features like inventory allocation, supplier management, and omnichannel fulfillment.
Key Benefits
- Centralized inventory control across all sales channels
- Automated purchase orders and supplier integrations
- Advanced demand forecasting and reordering
- Seamless integration with Shopify and other e-commerce platforms
- Real time inventory tracking
Product
Pros/Cons
Ratings
Pricing & Rating
- Comprehensive inventory and order management capabilities
- Excellent data analytics and reporting
- Scalable to support high-volume businesses
- Higher price point than some competitors
- Steep learning curve for non-technical users
Value
4.2
Features
4
Performance
4
Ease of Use
4
Design & Themes
3.5
Integrations
4.5
$499
monthly
User Rating
4.1
reviews
My Experience and Opinion About Extensiv
In our business operations, Extensiv Order Manager served as a reliable in-between solution—an OMS/lite-ERP hybrid. It effectively handled order routing, fulfillment, purchase order creation, and tracking. Notably, it seamlessly integrated with various other tools and features.
While the Orderbot functionality is good, there’s room for improvement. Particularly in complex order fulfillment and shipping scenarios, we encountered limitations. The logic behind Extensiv’s Orderbots sometimes puzzled us—it operates in an AND function approach rather than the more intuitive OR function approach. As a result, manual adjustments were often necessary to correct routing mistakes.
Extensiv Order Manager played a valuable role in our operations, even though we occasionally had to navigate its quirks.
Unleashed is a comprehensive inventory management platform that seamlessly integrates with Shopify.
It offers multi-location inventory tracking, manufacturing management, and advanced reporting. Whatever kind of store you own, whether strictly online or physical, Unleashed can be a powerful and helpful tool for automating processes and improving stock accuracy.
Key Benefits
- Real-time inventory visibility across all sales channels
- Automated purchase orders and supplier management
- Detailed reporting and analytics
- Integration with popular accounting software
- Streamlined operations
Product
Pros/Cons
Ratings
Pricing & Rating
- Robust inventory management capabilities
- Excellent customer support and onboarding
- Scalable to support high-volume businesses
- Higher price point compared to some competitors
- Can be complex to set up for smaller businesses
Value
4.2
Features
4
Performance
3.7
Ease of Use
4
Design & Themes
3
Integrations
4.1
$249
monthly
User Rating
4
reviews
My Experience and Opinion About Unleashed
In my experience, Unleashed stands out as the best inventory management system I’ve worked with, particularly when paired with Shopify. Over the years, I’ve encountered a few minor annoyances, but I recognize the challenge of seamlessly connecting intricate platforms. Unleashed, however, continues to improve, and I firmly believe this combination will remain the go-to choice for e-commerce and inventory management.
The integration between Unleashed and Shopify is quite seamless. Managing our product inventory on Shopify through Unleashed has been straightforward. Additionally, Unleashed provides robust reporting capabilities, especially for cost analysis. Given our business’s reliance on Bills of Materials (BOMs), Unleashed handles these complexities effortlessly.
However, there’s one persistent frustration: Unleashed lacks the ability to push inventory from multiple warehouses directly to their corresponding locations in Shopify. Their workaround suggestion involves creating multiple Shopify accounts, but I hope Unleashed addresses this limitation sooner rather than later. It’s a small hiccup in an otherwise effective system.
In summary, Unleashed remains my top choice for inventory management, and I’m optimistic about its ongoing evolution alongside the e-commerce landscape.
5. Veeqo
Veeqo is a robust e-commerce platform designed to simplify inventory management and streamline shipping operations for online businesses. With features like real-time order tracking, automatic inventory updates, and access to discounted shipping rates, Veeqo empowers sellers to manage their multichannel sales while efficiently minimizing costs.
Whether you’re a small retailer or a large enterprise, Veeqo’s all-in-one solution can enhance your e-commerce workflow.
Key Strengths
- Real-Time Inventory and Warehouse Management.
- Digital Scanning, Picking, and Packing.
- Amazon A to Z Protections.
- Discounted Shipping Rates.
- 5% Back in Veeqo Credits.
Product
Pros/Cons
Ratings
Pricing & Rating
- Excels at synchronizing data across multiple sales channels
- Integrates seamlessly with major carriers, allowing you to access discounted shipping rates.
- Pre-built integrations with various e-commerce platforms
- Lacks sales processing
- No product pushing
Value
4
Features
4
Performance
4.2
Ease of Use
4
Design & Themes
3
Integrations
4
$250
monthly
User Rating
4.2
reviews
My Own Experience With Veeqo
In our quest for a more efficient way to handle our inventory, we turned to Veeqo—and it was the perfect solution. The user-friendly interface caught my attention right away. Navigating the system felt intuitive, and that’s a big win for any busy team.
What impressed me even more was their well-organized help documentation. Whenever I needed guidance, I found clear answers without any hassle. And when the docs didn’t cover something specific, their customer service stepped in. Seriously, their support team deserves a standing ovation. Quick, knowledgeable, and patient—they’re world-class.
As someone who juggles multiple third-party systems, I appreciate how Veeqo seamlessly syncs with Shopify. Product updates flow effortlessly from Shopify to Veeqo, ensuring our inventory data stays accurate. We deal in both new and refurbished office furniture, and Veeqo’s Bundles feature keeps everything in check. Now, when customers visit our Shopify store, they always see the correct stock availability.
In summary, Veeqo has earned its spot at the top of my list. It’s like having a reliable co-pilot for our e-commerce operations.
Why Use Inventory Management Software for Your Shopify Store?
Efficient inventory management is crucial for the success of any Shopify store. Implementing the right software allows you to streamline your operations, reduce costly stockouts, and make data-driven decisions to grow your business.
Some key benefits of using inventory management software for your Shopify store include:
Real-time visibility into stock levels across all sales channels.
Automated reordering and purchase order generation.
Detailed reporting and analytics to optimize your supply chain.
Improved customer experience by avoiding stockouts.
Seamless integration with your Shopify store and other business apps.
How to Choose the Best Inventory Management Software for Your Shopify Store
When selecting the right inventory management software for your Shopify store, consider the following factors:
Shopify Integration: Look for solutions that offer seamless integration with your Shopify store, allowing you to sync inventory levels and orders in real time.
Features: Evaluate the software’s capabilities, such as multi-channel inventory tracking, barcode scanning, automated purchase orders, and advanced reporting.
Pricing: Determine your budget and find a solution that offers the best value for your money, considering the initial cost and ongoing subscription fees.
Scalability: Choose a platform that can grow with your business and support your long-term inventory management needs.
Customer Support: Ensure the provider offers reliable customer support and resources to help you get the most out of the software.
Some Interesting Statistics About Inventory Management
The Impact of Stockouts
- Out-of-Stock Incidents: In 2022, the chances of customers encountering an “out of stock” message while shopping increased by a staggering 235%. This means that instead of encountering such messages once in every 200 visits, customers now encounter them once in every 59 visits.
- Lost Sales: In 2021, 7.4% of retail sales—equivalent to a whopping $82 billion—were lost due to out-of-stock items. Efficient inventory management can significantly reduce these losses and protect your investment.
Wrapping Up
Effective inventory management is crucial for the success of your Shopify store. Implementing the right software solution allows you to streamline your operations, reduce costly stockouts, and make data-driven decisions to grow your business.
The 4 inventory management platforms highlighted in this guide offer a range of features, pricing, and capabilities to suit the needs of Shopify stores of all sizes. Take the time to evaluate your specific requirements and choose the solution that best fits your business.
Remember, the right inventory management software can be a game-changer for your Shopify store, so don’t hesitate to invest in a tool to improve your stock control.
FAQ
Absolutely! Whether you are a newbie or a seasoned pro, these apps adapt to your needs.
Yes! Many of these apps also work well with other major platforms.
QuickBooks Commerce offers an outstanding balance of features and scalability.
Yes, most software options offer integrations with other e-commerce platforms like Amazon, eBay, and more.
While some tools may require a learning curve, most offer user-friendly interfaces and excellent customer support to help you get started.
Some tools offer free trials, but full features typically require a paid plan. Evaluating each tool based on your specific needs and budget is best.
