The post Capterra Value Report: A Price Comparison Guide for Inventory Management Software appeared first on Capterra.

Are you a small or midsize business looking to purchase inventory management software? If yes, then shortlisting one platform from the multitude of options available on the market can be a challenging task.

When selecting inventory management software for your business, there are multiple factors to consider, including the deployment method and number of users and warehouses. However, buyers consistently tell us that two of their top considerations are functionality and price. If those are your top concerns as well, you’ve landed at the right place.

Price is a key consideration when purchasing software, but that doesn’t mean you should compromise on the functionality and value you get for the money. As a small business, you should choose software that is both affordable and fits your specific needs.

Software features vary widely depending on the vendor. While most vendors offer the basic features a small business needs to support its inventory management function, some vendors may also provide additional features within the same price range. Before investing in any inventory management tool, determine which products offer the features you need while still giving the best value for your money.

In this inventory management software pricing report, we’ll compare the prices of top inventory software tools that users have rated highly for both value for money and functionality. This information will help you purchase the best software for your small-business needs.

Top inventory management software rated on value for money and functionality

The graphic below shows products that have the highest value-for-money and functionality ratings based on user reviews in Capterra’s inventory software directory. Products are arranged in increasing order of their value-for-money ratings (bottom to top) and functionality ratings (left to right).

Note: While products in the top-right zone of the graph rank higher in terms of both functionality and value-for-money ratings, all products in this graph are top rated.

Price comparison for top-rated inventory management software

Comparing pricing and functionality for multiple software solutions can prove to be a herculean task. To help you, we’ve created a table to highlight how different inventory management software products stack up against each other in terms of starting pricing, free trials, and free versions, allowing you to compare these products all in one place.

From the 25 products mapped on the scatter plot, only those with publicly available pricing information on vendor websites are included in the price comparison table below.

Note: Products are listed in alphabetical order, and the pricing included is for the entry-level/lowest-priced offering (discounted pricing not considered) found on vendor websites as of April 7, 2022. The cost of these inventory management software products may vary based on the number of users, number of locations, number of warehouses, or other factors

1. Booqable

Booqable is cloud-based rental software that offers inventory management features such as inventory tracking; order management; calendar view; packing slips; pricing structures; and customizable templates for quotes, contracts, and invoices.

Starting price: $35 per month for two staff accounts (billed monthly). Annual billing options are also available.

Features available at a higher price: Advanced versions of Booqable offer product bundles, barcode scanning, and inventory reports, among other features.

2. Cin7

Cin7 is a cloud-based inventory management system that tracks stock levels in real time across warehouses to prevent stock-outs or overstocks.

Starting price: $299 per month for two users (billed monthly).

Features available at a higher price: Advanced versions of Cin7 offer features such as integrated warehouse management, automation workflows and bots, and a customer success manager.

3. DEAR Systems

DEAR Systems is cloud-based ERP software that allows businesses to manage their inventory, warehouse, purchasing, and accounting. It also assists with material requirements planning, point-of-sale processing, and eCommerce management.

Starting price: $325 per month for five users (billed monthly). Annual billing options are also available.

Features available at a higher price: Advanced versions of DEAR Systems offer advanced manufacturing modules, workflow and approval automation, capacity and scheduling tools, and an operator’s mobile app, among other features.

4. Deskera Books

Deskera Books is an online accounting software platform that helps businesses manage invoicing, billing, expenses, payments, taxes, reporting, approval flows, bank reconciliations, inventory, and more.

Starting price: $109 per user per month (billed monthly). Annual billing options are also available.

Features available at a higher price: Advanced versions of Deskera Books offer drag-and-drop custom forms, advanced inventory management features, sales automation, and more.

5. ERPAG

ERPAG is a cloud-based manufacturing inventory management system that offers centralized inventory management, order fulfillment, barcode scanning, serial and lot number tracking, composite items and multiple warehouses management, label printing, and reporting.

Starting price: $25 per user per month (billed monthly). Annual billing options are also available.

Features available at a higher price: Advanced versions of ERPAG offer dedicated server resources.

6. EZOfficeInventory

EZOfficeInventory is cloud-based asset tracking software that allows businesses to monitor and manage assets, users, maintenance schedules, reports, and notifications.

Starting price: $40 per month for unlimited users (billed monthly); includes 250 inventory items. Annual billing options are also available.

Features available at a higher price: Advanced versions of EZOfficeInventory offer features such as scheduled services, advanced reporting, purchase and sales order management, and work order and project view.

7. Fishbowl

Fishbowl is a manufacturing and warehouse inventory management solution that offers work order management, bill of materials management, barcode scanning, labor and job tracking, and serial and lot number tracking.

Starting price: $4,395 per concurrent user license, which gives permanent software ownership.

Features available at a higher price: Advanced versions of Fishbowl include software add-ons and advanced support options.

8. InventoryCloud

InventoryCloud is an on-premise asset tracking and inventory system with features such as consumables tracking, warehouse management, stockroom management, manufacturing process management, retail inventory control, and lot and date tracking.

Starting price: $595 per user for a subscription plan (billed annually). A perpetual license costs a one-time fee of $1,795 per user.

Features available at a higher price: Advanced versions of InventoryCloud offer a custom report designer, scheduled reporting, purchase order tracking, and assembly building.

9. Limble CMMS

Limble CMMS is a mobile maintenance software tool that offers asset management, work order management, vendor management, preventive maintenance, reports and dashboard, and a mobile maintenance app.

Starting price: $50 per user per month (billed monthly). Annual billing options are also available.

Features available at a higher price: Advanced versions of Limble CMMS offer downtime tracking, barcode/QR code scanning, advanced reporting, and more.

10. Orderhive

Orderhive is a cloud-based multichannel inventory management tool that offers eCommerce automation, order management, product listing management, warehouse management, invoicing and payment processing, inventory control, purchase management, and more.

Starting price: $49.99 per user per month (billed monthly); includes 200 orders. Annual billing options are also available.

Features available at a higher price: Advanced versions of Orderhive offer custom integrations, premium support, custom feature development, and a dedicated account manager.

11. QuickBooks Desktop Enterprise

QuickBooks Desktop Enterprise is a cloud-based enterprise accounting solution with inventory management, pricing control, custom reporting, job costing, field service management, and order management capabilities.

Starting price: $199 per user per month (billed monthly).

Features available at a higher price: Advanced versions of QuickBooks Desktop Enterprise offer advanced inventory tracking, bill and purchase order workflow approvals, and more.

12. ShipStation

ShipStation is a web-based shipping software tool for eCommerce fulfillment and inventory optimization. It helps businesses manage orders, shipping, inventory, and branding.

Starting price: $12.95 per user per month (billed monthly); includes 50 shipments.

Features available at a higher price: Advanced versions of ShipStation offer live chat, phone support, customized packing slips, and order import via CSV, among others.

13. Square for Retail

Square for Retail is a cloud-based POS system that assists in tracking inventory, selling in-store and online, building customer relationships, managing finances, and processing payments, among others.

Starting price: A free plan is available for businesses getting started in person or online. For expanding businesses, paid plans start at $60 per location per month (billed monthly).

Features available at a higher price: Advanced versions of Square for Retail offer features such as cross-location bulk transfers, inventory counting, smart stock forecasts, automatic purchase orders, barcode printing, COGS tracking, and vendor management.

14. UpKeep

UpKeep is a cloud-based asset operations management platform that helps maintenance and reliability teams run business operations more efficiently. It offers work order management, asset management, preventive maintenance, and inventory management, among others.

Starting price: $45 per user per month (billed monthly).

Features available at a higher price: Advanced versions of UpKeep offer features such as workflow automation, time and cost tracking, a request portal, purchase order management, and asset tracking.

15. Xero

Xero is an online accounting software solution that assists small businesses, accountants, and bookkeepers in managing inventory, tracking claims, and processing payments, among others. 

Starting price: $12 per month for sole traders, new businesses, and self-employed professionals (billed monthly).

Features available at a higher price: Advanced versions of Xero offer features such as project tracking, expense claims management, and transaction reconciliation.

How did we choose these products? We didn’t—you did

To find your ideal software match, you need information you can trust—so you can save time, stay on budget, and focus more energy on growing your business. It’s why we vet and verify all our user reviews and recommend only the tools endorsed by people like you.

In other words, our product recommendations are never bought or sold, or based on the opinion of a single individual—they’re chosen by your peers, reflecting the views and experiences of our independent base of software reviewers.

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At Capterra, we objectively select and rank products based on a methodology developed by our research team. Some vendors pay us when they receive web traffic, but this has no influence on our methodology.

To be considered for this list, products have to:

• Have at least 20 unique product reviews published on Capterra within the past two years (as of April 7, 2022).
• Meet our definition of inventory management software: “Inventory management software helps businesses track and manage product location, item details and stock level, as well as report on trends to inform forecasting decisions, in order to reduce the costs of holding overstock and the missed revenue from out of stocks.”
• The top 25 products that met the above criteria were mapped on a scatter plot as per their value-for-money and functionality ratings.
• From these 25 products, only those with publicly available pricing information on vendor websites were included in the price comparison table. Therefore, the price comparison table is a subset of the scatter plot.

Note: The pricing included in the price comparison table is for the base product plan found on vendor websites as of April 7, 2022. This data may have changed since publication and may not reflect current conditions. For further information on pricing for a particular product, please see the vendor websites.

The post Capterra Value Report: A Price Comparison Guide for Inventory Management Software appeared first on Capterra.