3 Of the Best Digital Stock Management Tools

If you’re considering starting or already running your own business that deals in physical products, it’s likely you’ll already know just how important stock management is. Your stock is the foundation of your business, and you need to be able to manage it effectively, or customers will quickly start to turn their backs on your brand.

Thankfully, there are a multitude of apps, programs and tools that can be used to manage and monitor your inventory. Being able to manage your sales channels, inventory and supply chain from one centralized app or piece of software can not only make running your business much easier, it can also dramatically increase your profitability.

Here are three of the best digital stock management tools on the market:

Fishbowl is one of the most popular inventory systems for small businesses getting off the ground, with a range of flexible features that will grow as your business does. Fishbowl is an inventory add-on for the popular small business accounting tool QuickBooks, but it will also seamlessly sync with Salesforce, Xero, Magento and other eCommerce options, ensuring that the various different strands of your business are in sync. Fishbowl is cloud-based, so you can access it remotely from any device or browser, and the tool has plenty of advanced features, including inventory forecasting, bar-code functionality and an integrated solution to track employee hours and payroll data. A great option for those seeking their first stock management solution.

TradeGecko is a highly efficient piece of inventory and order management software which can quickly sync with account tools Xero and QuickBooks, and eCommerce solutions including WooCommerce, Shopify, Amazon and Magento. One of TradeGecko’s most popular features is its amazing user-friendly interface, which makes it ideal for total beginners who are learning the ropes. The analytics features on offer with TradeGecko are also very powerful, and perhaps best of all, it comes with a mobile app (currently available on Apple products only), so you can manage products, orders and stock from anywhere.

InFlow is one of the only digital stock management tools out there which comes with a totally free edition – so you can learn how to use the software and test it out with your business without commitment. The free version comes with all the basic tools you need to manage stock within your business, including bar-coding, management support for multiple locations, sales and purchase orders and up to 100 products. You can then upgrade to a Regular or Premium membership with a plethora of more advanced features, including separate user logins, serial numbers, work orders and ongoing support from the InFlow team.

Stock management can seem daunting for a new business owner, but with technology like this available, anyone can have a smooth ride and stick to running the rest of the business.