Shopify is one of the most popular eCommerce platforms globally, and it is for a good reason. The company offers robust backend support to their hosting capabilities, making it easy to set up and manage an online store. However, one of the most compelling reasons why many people choose Shopify is its unique Shopify inventory management app that helps businesses scale without spending time writing code.
The Shopify App Store has a wide range of exciting apps specifically designed to help online brands on different fronts. There are apps dedicated to inventory management, customer support, store design, marketing, sales, and conversion.
Inventory management is a complicated process when it comes to running an eCommerce store. In fact, an online business with multiple SKUs requires an efficient inventory management app to keep their inventory accounted for at all times. This is particularly critical during sales when multiple transactions make it quite hard to keep track of all SKUs.
In this post, we discuss the top seven most outstanding inventory management apps for Shopify owners.
Managing Inventory with Shopify
As mentioned earlier, inventory management is an essential part of running a successful eCommerce store. Typically, your inventory management app does more than just provide an insight into what you have in stock. A good system will show you trends in your buying cycles and how often you need to restock certain products to keep up with the demand.
An effective inventory management app also helps with other things, such as determining how much stock you need to maintain in the warehouse and calculating turnover. Companies that specialize in selling perishable goods can avoid waste and significant loss with effective inventory tracking.
Fortunately, all Shopify stores come with access to a handful of inventory management features on the backend. They include:
1. Inventory tracking
You can easily view the number of each product you have on your inventory page. You also get filtering options to sort through each product information by the product vendor, availability, quantity, product type, and tags.
2. Inventory history
Shopify records every action you perform on your inventory. It means that you can view a comprehensive history of any adjustments you had made to your products and when you did it. You can typically view up to 90 days of each item history from the Shopify App or web browser.
3. Inventory updates
Shopify also allows you to change inventory count for your product variants manually. All you have to do is click on “Update Quantity” below your product, and you will be prompted to start updating the numbers.
Why Do You Need a Shopify Inventory Management App?
A good inventory management app will play a critical role in streamlining and automating your inventory management, saving you a lot of money in the long run.
A good app will also help you forecast trends, increase accuracy, and team productivity because your staff won’t be forced to spend a lot of time tracking your inventory manually.
Basically, you should consider installing an inventory management app if you:
- Regularly run out of stock or oversell some products.
- Find it difficult to track and update your current stock levels.
- Spend a lot of time managing inventory.
Critical Things to Look for in an Inventory Management App
The truth is that there are a lot of inventory management apps for Shopify owners out there. However, not all of them are great. So, if you are looking to install an inventory management app for your Shopify store, you should be keen on the app features.
At the minimum, make sure the Shopify app for inventory management you choose can do the following:
- Integrate seamlessly with other apps you use: The inventory management app you choose should work nicely with the other apps you are already using.
- Include a POS integration: A Point of Sale integration is critical if you also own a physical store. This allows you to synchronize online and in-store orders and stock levels to eliminate discrepancies.
- Offer extensive inventory tracking: A good app allows you to track all orders and order fulfillment information quite easily. It should also send you notifications on when you need to restock.
- Offer comprehensive reports and inventory analysis: A good app must provide you with detailed reports and comprehensive inventory analysis that fit your inventory management methods. It should also be able to generate real-time reports and allow you to customize them to fit your needs.
- Offers sales forecasting: While there are many factors involved in forecasting sales and marketing trends, your inventory management app should be able to provide you with a simple projection of key market trends and expected growth rate.
The Best inventory management App for Shopify Owners
Let’s now take a look at some of the best inventory management apps out there. We provide a brief overview of each app.
Ricemill is an eCommerce management software specifically designed to streamline and integrate everything you need to run your online store successfully. The software focuses on eliminating human mistakes in inventory management, which saves you a lot of time and money in the long run.
It focuses on centralised inventory control, streamlined order fulfillment, and operations automation. With Ricemill, you get an all-in-one eCommerce management tool that can play a critical role in propelling your business to the next level.
Furthermore, there is no setup fee, you get 14-day free trial and is specifically designed for Aussie sellers. Try Ricemill today and experience the wide range of exciting features that it offers.
Stocky is one of the best inventory management apps from Shopify’s marketplace. It comes with a host of exciting features to make your work easier. With Stocky, you can easily conduct stock transfers and demand forecasting. You also enjoy automatic stock updates.
This is an inventory management app created exclusively by Shopify for Shopify owners and promises to increase your online store’s profitability by reducing the risk of inventory loss.
Stocky’s key features include purchase order creation, full warehouse visibility, an intuitive backend that is great for beginners, stock transfers and adjustments, low stock indicators, and comprehensive insights with in-depth reporting.
TradeGecko is perhaps the most popular inventory management app on the market today. The app has excellent reviews across the world and can help you manage multiple sales channels to keep your Shopify store running smoothly.
One of the best things about this app is how it makes order fulfillment and customer support simpler. You can easily setup automatic purchase orders so that your store never runs out of stock for popular products.
TradeGecko integrates seamlessly with some of the leading third-party logistics companies and Fulfillment from Amazon. If you want to track your finances and inventory from the same place, you can easily link it with a wide range of accounting tools such as QuickBooks and Xero.
Sellbrite is specifically designed to help Shopify owners sell their products on some of the largest marketplaces such as eBay and Amazon.
The app offers automatic inventory syncing across all sales channels to prevent overselling. It also supports multiple warehouse locations and integrates seamlessly with Fulfillment by Amazon.
Shopify app owners who use Sellbrite have access to a centralised fulfillment interface to manage and fulfill all orders easily.
5) Stock Sync
Stock Sync has been rated as the most popular inventory management app in the Shopify App store, with more than 500 five-star reviews. It is also the best-rated app in the inventory management category.
Tens of thousands of Shopify owners use Stock Sync to automatically manage their inventory, manage multiple suppliers, manipulate product pricing, export inventory, and synchronize everything to vendor websites.
The app also allows small retail businesses to sync their inventory with their physical stores through different methods. Stock Sync also supports scheduled inventory updates.
Another great Shopify inventory management app is Stichlabs inventory management that integrates with Amazon, Shopify, and other eCommerce stores. The app comes with an excellent interface and support, making it ideal for small businesses still in a budding stage.
With Stichlabs, you can easily create multiple warehouse management points and facilitate transfers between them. It features automatic updating and integrates with Xero if you are looking for accounting functionalities.
The only downside of the app is that its capabilities may be greatly hindered as your business scales. The pricing model may also be costly for businesses operating on a tight budget.
ShipHero has both shipping and order management capabilities. It allows Shopify owners to sync their inventory across all sales and even implement automated rules to reduce manual tasks.
Barcode support, batch order processing, purchase order management, product returns management, and advanced reporting are some of the amazing features included in the app.
ShipHero also supports cycle counting, multi-warehouse inventory management, merged order notifications, and kit creation. It integrates seamlessly with USPS, eBay, and Amazon.
By now, you should know that having a good inventory management system is critical for running a successful eCommerce business. Although Shopify comes with basic inventory management tools, you still need a third-party inventory management app to get the best out of the eCommerce platform.
Fortunately, there are plenty of apps out there that you can choose from, but you must be careful not to pick an app that will ruin your business. With the information discussed above, you can easily figure out the right app for your Shopify store to keep your inventory and sales under control.
Still can’t figure out the right app and want assistance? Feel free to contact inventory management experts at Ricemill for advice and further guidance.