Top 5 Inventory Management Software for SMEs in India

Top 5 Inventory Management Software for SMEs in India

The Best Inventory Management Software in India

GoFrugal Head offices manage the different warehouses where inventories are managed [Source: Capterra]

In this article, we will explore the top five inventory management software options available to Indian businesses. We have carefully selected these software based on several factors, including user ratings, user reviews, market definition, and the location of the companies. Let’s dive in and find the perfect inventory management software for your business!

1. GoFrugal

  • Overall: 4.4/5
  • Ease of Use: 4.4/5
  • Customer Service: 4.0/5
  • Features: 4.4/5
  • Value for Money: 4.3/5

GoFrugal is a powerful retail and inventory management software designed to streamline stock management, stock movement, traceability, and more. With GoFrugal, users can generate inventory reports providing valuable insights into their stock levels. The software even offers AI-based demand forecasting through its autonomous tool.

What sets GoFrugal apart is its ability to set minimum and maximum stock levels, allowing users to receive alerts when stocks fall below a certain threshold. Additionally, GoFrugal supports barcode scanning, enabling real-time updates of stock items in the database. The software also offers expiry management, helping businesses remove expired products from inventory and track items nearing their expiration date. GoFrugal facilitates inventory management across multiple locations and warehouses. For pricing and additional features, visit their website.

2. myBillBook

myBillBook Digital invoices can be created and shared via chat messaging applications [Source: Capterra]

  • Overall: 4.6/5
  • Ease of Use: 4.8/5
  • Customer Service: 4.6/5
  • Features: 4.5/5
  • Value for Money: 4.6/5

myBillBook offers comprehensive inventory management services, assisting businesses in managing their stock, sales, and orders. The software allows users to create detailed inventory reports, monitoring key performance indicators such as stock summary, item sales, and stock levels.

myBillBook provides a centralized dashboard, offering businesses a convenient overview of their stock status. Real-time inventory tracking empowers users to make informed decisions regarding restocking. The software also allows bulk adding and editing of products from its extensive library. Additional features include barcode scanning and generation, product categorization, stock level alerts, and automated stock updating. For more information on pricing and features, check their website.

3. ProfitBooks

ProfitBooks Companies can view and manage stock listings using the dashboard [Source: Capterra]

  • Overall: 4.4/5
  • Ease of Use: 4.5/5
  • Customer Service: 4.2/5
  • Features: 4.3/5
  • Value for Money: 4.5/5

ProfitBooks is an invaluable inventory management software that helps businesses track their inventory lifecycles. With ProfitBooks, companies can efficiently manage sales orders and complete order workflows. Project-based order categorization enables businesses to track fulfillment status effectively.

The software offers filterable reports and analytics, providing insights into inventories, sales, and orders. It also offers batch management functionality, allowing businesses to organize orders, assign batch numbers, and monitor expiration and manufacturing dates. ProfitBooks supports multi-user collaboration, with different users having varying levels of permissions. Other notable features include multi-currency support, stock control and adjustments, inventory alerts, integration capabilities, and warehouse management. Visit their website for more information on additional features and pricing.

4. TallyPrime

TallyPrime Users can view various metrics like revenue, months, and other details in the TallyPrime dashboard [Source: Capterra]

  • Overall: 4.3/5
  • Ease of Use: 4.3/5
  • Customer Service: 4.0/5
  • Features: 4.3/5
  • Value for Money: 4.3/5

TallyPrime is a comprehensive accounting and inventory management solution. It offers robust stock management features, allowing businesses to track and monitor stock levels, pending orders, shipments, and more. Companies using TallyPrime can utilize batch management functionality to track the movement, expiration dates, and other important aspects of their batches.

The software provides powerful reporting capabilities, enabling companies to generate reports related to inventories, profits, stocks, and trends. Users can manage their inventories across multiple locations and categorize stock based on various criteria such as product type and supplier. TallyPrime also offers purchase management for streamlined purchase orders and payment tracking, as well as sales management for visibility into past and forecasted sales. For more details on pricing and additional features, refer to their website.

5. TYASuite

TYASuite Users can view complete product information in the inventory register on TYASuite [Source: Capterra]

  • Overall: 4.2/5
  • Ease of Use: 4.3/5
  • Customer Service: 4.3/5
  • Features: 4.0/5
  • Value for Money: 4.0/5

TYASuite is a robust inventory management software that streamlines workflow processes for companies and warehouses. Its automated inventory management feature enables businesses to generate automatic purchase orders, avoiding stockouts and ensuring smooth operations. TYASuite enables businesses to generate comprehensive reports, providing valuable insights into stocks, orders, and other inventory items.

The software supports multi-warehouse management, empowering businesses to track inventory across multiple locations. It seamlessly integrates with other software for hassle-free data flow. Additional features offered by TYASuite include search filters, catalog management, pricing management, inventory optimization, warehouse management, and supplier management. For more information on pricing and additional features, visit their website.

In conclusion, the right inventory management software is crucial for businesses to optimize their stock and streamline operations. Choose the software that best fits your requirements and take your inventory management to the next level!