Top 13 Retail Inventory Management Software to Watch Out for in 2021

SoftwareSuggest

SoftwareSuggest

Senior editor

Parul Saxena

Chief editor

Last updated: July 9, 2021

Zoho Inventory Logo

Zoho Inventory: No. 1 In Inventory Software

There runs a common sentiment in the ambition driven, CXO leaders, and business magnates of the world, that if you are following a technology that suits only your present needs, you are already lagging.

With an increase in the customer base comprising individuals who know what they want, you as a business owner need to up your game. These will not only cater to your inventory management needs but also serve a host of other integrated functions such as Customer Relationship Management, e-commerce, marketing, merchandise, financial, and warehouse management.

Read on to know more about the best-in-class retail inventory management software for SMEs. Get to know how they perform under various criteria such as their features, pros, and cons, pricing, USP, and which kind of enterprise they are best suited for (Small or Medium Enterprise.)

Best 13 Retail Inventory Software for Managing Your Retail Store

1. HDPOS by Hyperdrive

HDPOS by Hyperdrive is an inventory cloud-based billing and account management software. It comes with a user-friendly interface, a host of practical and efficient features, and is affordable. HDPOS offers add-on services that can help you grow your retail business online with complete simplicity.

HDPOS Retail Inventory Management Software

Looking for Inventory Management Software Check out SoftwareSuggest’s list of the best Inventory Management Software solutions.

Features

  • Inventory Management
  • Batch Management
  • Coupons and Offers
  • Event log
  • Manage your customers
  • Smart Billing
  • Financial Accounting
  • Access Rights
  • Generate Extensive Reports
  • 2-way SMS Support
  • Drill-down Reports
  • Manage Multiple prices

Pros

  • Easily scalable
  • Generates customized reports for your business
  • Ability to design and print barcode stickers
  • Generates customer loyalty programs, gift cards, loyalty points, etc.
  • Provides e-mail support
  • Comes with Windows desktop platform

Cons

  • iOS and Android devices are not supported

Pricing

HDPOS for Single Computer – Rs 1300 per month

HDPOS Client-Server – Rs 2500 per month

HDPOS Cloud-based Subscription – Rs 3500 per month

Best Suited For

  • Freelancers
  • StartUps
  • SMEs
  • Agencies
  • Enterprises

USP: Does not require SQL. Comes with a 30-day free trial version. Can be used for multiple cash registers

2. Shoper 9 by Tally

Tally solutions make a centralized framework available for all point of sale (POS) necessities. All the aspects of POS from sales, inventory, revenue collection, and profit margins can be integrated. Tally provides cost-effective enterprise solutions that are developed and customized, keeping in mind the individual requirements of clients and their areas of operation.

Shoper 9 has been designed by Tally to grasp lakhs of SKUs, thousands of proceedings per day, and hundreds of stores in the chain. The new retail business core strengths get to be used to full advantage this way.

Features

  • Streamlines with GS1 Standards
  • Can deal with a high volume of SKUs products and transactions
  • Manages business data and relevant information
  • Has the option to customize the business logic as per business needs
  • Allows for multiple pricing for a single product and one can choose the most relevant price when recording a transaction
  • Lets you categorize your business elements based on zone, city, state, country, and the store levels.
  • The enhanced security makes sure that all data is entirely safe.

Pros

  • Provides Tally ERP 9 integration
  • Unparalleled alerts management
  • Comes with multiple POS counter support
  • Offers predictive bill value
  • Comes with a print engine

Cons

  • UI is not that easy to grasp.

Pricing

Silver Plan – 1 month (Rs 600 + 18% GST), 3 months (Rs 1800 + 18% GST), Annual (Rs 7200 + 18% GST)

Gold Plan – 1 month (Rs 1800 + 18% GST), 3 months (Rs 5400 + 18% GST), Annual (Rs 21600 + 18% GST)

Best Suited For

Small and mid-sized businesses across various industries

USP: Cash flow can be managed through the MIS reporting module. Its remote functionalities enable data collaboration between multiple systems.

3. Marg ERP 9+ Retailing Software by Marg

Retail management software by Marg addresses the challenges of small and independent aspirants. Marg ERP 9+ helps retailers and large multi-store retail chains to manage their complex businesses. Their sector specific orientation, built using the latest technologies, assures retailers ‘a visible improvement’ in customer engagement. It helps them source the right product at the right price and at the right time.

Features

  • Stock reports of the different categories of drugs
  • Supplier details and fresh/near expiry/ expired stock
  • Single and multiple users
  • Generates separate supplier wise stock reports
  • Directory of suppliers and customers
  • Printing of labels
  • Data security
  • Individual hospital software
  • Printing of a report from anywhere in the world

Pros

  • A complete package of GST solutions like GST returns filing, E way bill solution, etc.
  • Suits varied industry types.
  • Provides for auto-posting of recurrent entries
  • Offers detailed MIS and reports
  • Affordable software

Cons

  • The plethora of features requires optimal training for ensuring proper use of the software.
  • User Interface is not that easy to grasp.

Pricing

Basic – Rs. 8100/- per year

Silver – Rs. 12600/- per year

Gold – Rs. 25200/- per year

Best Suited For

Small and mid-sized enterprises

USP: It offers a customizable Android app for its users.

4. PrimaSeller by PrimaSeller

Primaseller is one of the promising names in the category of retail management software. The software provides a flawless interface with incredible features. One can quickly sell the product by fetching the customers from various marketplaces like Amazon, eBay, Flipkart & many more.

A convenient feature of this software is in-store POS billing, which may help you manage your physical store sales. Further, one can very easily synchronize inventory. Whether offline or online, you can always have access to your inventory irrespective of location.

The option to create digital catalogs for your products adds extra essence to the product. The user-friendly interface and responsiveness of the site add to the seamless user experience. Also, the data is secure and safe with SSL security.

PrimaSeller Retail Inventory Management Software

Features

  • Allows you to bill and monitor your walk-in clients via a mobile device or a web browser
  • Integrates with top-class shippers like UPS, USPS, DHL, and more
  • Gives you quick access by gathering all your online orders from different sites at one place
  • Supports multiple currencies to help clients working across the globe

Pros

  • It centralizes and synchronizes your online storefront, B2B sales in a single integrated platform.
  • It allows you to import your customers and catalogs from Excel imports and online channels.
  • The scalable software supports multi-store and multi-register functionality.
  • Can be deployed on – Web-Based, Cloud, SaaS, and iPhone / iPad

Cons

  • They don’t have a free version.
  • The software is not that easy to navigate and requires proper training to ensure its optimal use.

Pricing

It starts at $59.00 per month and can go up to $299 for all business sizes.

Best Suited For

SME to large Retailers who sell on multiple channels, including retail stores, pop-up stores, Amazon, etc.

USP: It integrates with multiple shippers worldwide.

5. GoFrugal by GoFrugal

Gofrugal is a  specialized retail billing software to address unique needs. It is comprehensive retail billing software that fits any industry size or type.

It serves many different industries as well: Supermarket Fruits & Vegetables, Groceries & Departmental Stores, Pharma & Healthcare, Apparel & Footwear, Electrical & Electronic, Lifestyle & Fashion, Specialized Retail.  It also has a mobile app that takes orders, verification of the stock status, and steward management for various industries. It works seamlessly on three devices – Online POS, Mobile POS, and Desktop POS.

GoFrugal-Retail-Inventory-Management-Softwar

Features

  • Fast Billing
  • Inventory
  • Smart reports
  • Integrations
  • CRM & Loyalty
  • Multi-store management

Pros

  • Serves the needs of multiple industries
  • It allows users to generate inventory reports, fill orders for customers, and set up automated ordering.
  • All-inclusive POS (Point of Sale) platform
  • Offers multi-store management
  • Perfect for users with multiple locations

Cons

  • Prices are slightly on the higher side.

Pricing

Starter Plan – $375 per month

Standard Plan – $625 per month

Professional Plan – $1500

ERP – Price on request

Best Suited For

Small and mid-sized enterprises

USP: Offers a free trial

6. AcTouch by AcTouch.com

Designed for retail and inventory management, AcTouch is a name to reckon with. The product provides best-in-class audit controls and financial reporting capabilities. It is curated for working professionals & SMBs businesses that process significant volumes of transactions.

While using the software, you will experience a very comfortable interface with large icons on the dashboard. The software incorporates 250 functionalities, and the design of the menu is such that one can easily navigate features. The overall design is simple, which saves you from spending too much time learning the software. The software is also quick to load, which would help you in increasing your efficiency.

AcTouch Retail Inventory Management Software

Features

  • Generates professional-looking invoices and the sales order
  • Efficiently manages inventory with its set of tools, like real-time stock, sales, and purchases, ABC costing, and POS integration.
  • Helps you monitor your purchases and track receipts
  • Enables alert messages when you need to replenish your stock again

Pros

  • Users can create sales orders and manage returns.
  • Track product levels with stock management features and costing tools
  • Business owners can efficiently manage sales, purchases, payment, and receipts.
  • Affordable
  • Good customer service

Cons

  • Alerts section needs improvement.

Pricing

Starting Price – $20/month/user

Best Suited For

Manufacturers with multiple units

Small and mid-sized enterprises

USP: Offers a free trial

7. eLite ERP Retail by Accusol

It is designed especially for small- and medium-sized businesses like retailers, clothing and apparel stores, grocery stores, Spa and salon stores, and store franchisees.

The eLite ERP Retail enables smooth and flawless operation of sales, inventory management, and supplier and customer management. Its user-friendliness and interactive dashboard allow the user to have a complete overview of the transaction.

eLite Retail Inventory Management Software

Features

  • Interactive dashboard
  • Complete control of inventory management
  • Re-ordering facility
  • Provides supplies for schemes
  • Ease of accounting
  • Coordination with weighing scale

Pros

  • Perfect for small enterprises with budget constraints
  • Smart Windows-based ERP solution
  • Easy to use
  • It offers modules for Financial Accounting, Sales Management, Procurement, Inventory, & Production.

Cons

  • Cannot be deployed on Mac or Android-based devices

Pricing

On request

Best Suited For

Small and mid-sized enterprises

USP: Cost-effective solution for bootstrapped startups

8. RetailPRO by Integrated Retail

RetailPRO enhances your store’s inventory management and POS, thereby leading to cost reduction and increased efficiency by employee management, managing the back and front office, call center, e-commerce, and order fulfillment.

Retail Pro Retail Inventory Management Software

Features

  • CRM
  • Loss prevention feature
  • Reporting tools: They are used for retail inventory management and sales and purchase. Each report can be customized as per your requirements
  • Customized user interface tools
  • The best solution for chains and franchise
  • A practical solution that gives you peace of mind
  • Advanced features for saving time and money
  • Increases your revenues and profits

Pros

  • Dynamic & scalable retail POS solution
  • Cost-effective
  • On-site and Off-site support
  • Their services include SRS, Documentation, Implementation, Custom Development, etc.

Cons

  • The software may be slow to respond
  • Updates and technical support cost extra

Pricing

On request

Best Suited For

Small and mid-sized enterprises

USP: Offers a free demo

9. Uniretail by VRS software

Uniretail is a powerful and fully integrated business software that provides solutions to retailers, distributors, and wholesalers. It is user-friendly, affordable, easy to use, and can be quickly implemented. Based on the Microsoft .net platform, it has an SQL Server as a back-end and can be used in online and offline mode.

Features

  • Comprehensive sales management system
  • Inventory management system
  • Consumer relationship management
  • Managing accounts and finance
  • Generating reports
  • Generation of advanced MIS reports: Analysis reports of sales, stock, comparative analysis, and ABC reports.

Pros

  • Affordable
  • Quick to implement
  • Easy to use
  • It allows the enterprises to manage overall ERP operations, including inventory, accounts, POS, and CRM, from a single platform.

Cons

  • Does not provide live support

Pricing

On request

Best Suited For

Small and mid-sized enterprises

USP: Very user friendly and comes with a quick start-up guide.

10. Zoho Inventory Software

A cloud-based inventory solution, Zoho Inventory features inventory management modules, including reporting and analysis, vendor managed inventory, and lot traceability. It features mobile compatible apps for Android and iOS devices.

The software features built-in shipment estimating, tracking, and delivery confirmation features. The solution allows users to create purchase orders, backorders, and drop shipments.

Zoho Retail Inventory Management Software

Features

  • Manufacturing inventory management system
  • Multi-channel management
  • Reorder management
  • Product identification
  • Supplier management
  • Reporting/analytics

Pros

  • It offers mobile compatible apps for Android and iOS devices.
  • Users can track every item in the inventory with serial numbers and the batch monitoring feature.

Cons

  • Prices can be an inhibitory factor for small business owners.

Pricing:

Basic – $49/organization/month. Includes 1500 online orders & 150 shipments per month.

Standard – $99/organization/month. Includes 10000 online orders & 1000 shipments per month.

Professional – $249/organization/month. Includes 30000 online orders & 3000 shipments per month.

Best Suited For

Small and mid-sized enterprises

USP: It offers multiple shipping and CRM integrations.

11. PharmSoft Software

PharmSoft billing software is a detailed solution for stand-alone pharmaceutical retailers and pharmacies. It helps engage customers efficiently with complete information about their prescription orders and process prescriptions in the least possible timeframe.

Features

  • Pharmacy management software
  • Auto purchase generation from suppliers pending order & challan
  • Pop-up message for short expiry items
  • Fix different sales rate on MRP / purchase rate/margin bases
  • Cash, credit card & credit sale
  • Substitute medicine searching based on the salt formula
  • GST compliant accounting

Pros

  • Offers customization, mobile support
  • Affordable
  • Good support service
  • Helps mechanize different deals and stock administration forms

Cons

It is unable to manage multi-location handling.

Pricing

Yearly Plan – Rs. 9999/- per year

PharmaSoft Wholesale – Rs. 15000/- per year

Best Suited For

Standalone retailers & pharmacists

USP: Offers best-in-class, advanced features for managing sales services

12. FusionRetail POS Software

FusionRetail is one of the best POS software solutions for a stand-alone retail store or a chain. It provides a safe & secure retail management system, touch & scan point-of-sale (POS) with billing, barcoding, inventory control, financial accounting & management, chain store management, payroll, customer loyalty program, CRM, MIS, and Mobile Reporting.

Ginesys Retail Inventory Management Software

Features

  • Accounting
  • Barcode Integration
  • Customer Management
  • Email Marketing / SMS Marketing
  • Import/Export DataBase
  • Audit Trail
  • Cloud Computing
  • Inventory Management

Pros

  • Easy to setup
  • Allows automation of tasks
  • Reduces operational costs
  • Increases efficiency

Cons

  • It does not offer iOS or Android mobile apps.

Pricing

Lite – Monthly (Rs 800), Lifetime single user (Rs 15000)

Best Suited For

Small and mid-sized enterprises

USP: It is an all in one, cost-effective POS software for all your retail needs

13. Ginesys Software

Ginesys is an ERP software that covers the entire retail value chain from manufacturing to distribution to retail. A leading end to end software provider, its features include Purchase, Inventory, Production, wholesale & distribution, Finance/Accounts, Point-of-Sale, Loyalty management, Replenishment Planning, Data Analytics, and omnichannel. They have worked across verticals like apparel, footwear, accessories, supermarket, lifestyle & home furnishing.

Features

  • Accounting
  • Email Integration
  • Inventory Management
  • Barcode Integration
  • Email Marketing / SMS Marketing
  • Multi-Location

Pros

  • Organizes your SKUs and SKU list
  • Offers business analytics capabilities
  • Provides omnichannel functionality
  • It enables wholesale and distribution companies to sell through distributors, franchisees, using its distribution and trade module.

Cons

  • None that we could find.

Pricing

Rs. 5000/- per month for HO users

Rs. 2500/- per month for POS users

Best Suited For

Large, small, and mid-sized enterprises

USP: Cost-effective, scalable, and reliable solution for retail needs

To sum up, there is a plethora of retail inventory management software available in India. However, you need to thoroughly understand your needs and match them with the features offered by any given software. We hope that the above article helped you narrow down your search to the perfect retail inventory management solution. Got any more questions? Let us know in the comments below; we would be more than happy to help you find a suitable solution.

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