“Hay naku!” Are you still managing inventory manually by paper or with spreadsheets? That’s risky! Poor inventory management leads to lost sales, waste, extra costs, and damage to your reputation. But what if there’s a better way?
According to McKinsey & Co., AI-integrated inventory management software can reduce logistics costs by 15%, inventory levels by 35%, and service levels by 65%. This software has shown it can improve inventory management around the world.
Basically, inventory software is a comprehensive tool to track, organize, and manage inventory. It automates tracking stock levels, orders, sales, and deliveries in real time. This system enhances accuracy, minimizes manual mistakes, and boosts operational efficiency.
However, with many options available, choosing the best inventory software can be overwhelming and risky without proper research. But worry not—we can help you make a wise decision.
We’ve compiled a list of the best inventory management software in the Philippines, such as HashMicro, Quickbooks, Inflow, Sortly, and Odoo. These inventory management systems enhance the efficiency of handling stocks in storage.
Let’s simplify your inventory management together!
Table of Content
Content Lists
Key Takeaways
|
What is Inventory Management Software?
Inventory management software is a complete system that tracks, organizes, and oversees inventory. It automates tasks to monitor stock levels, orders, sales, and deliveries in real time. This software ensures accuracy, reduces manual errors, and enhances operational efficiency.
Businesses need inventory management software to avoid common pitfalls such as stockouts, overstocking, and human error. Did you know human errors in inventory management can be costly? In 2024 alone, retail shrink (inventory losses from theft, errors, and fraud) cost the industry over $132 billion.
Inventory management software benefits businesses in several ways:
- Automates inventory tracking and management, which reduces the risk of human error
- Provides real-time visibility into inventory levels and enables data-driven decisions
- Simplify tasks to track stock levels, orders, sales, and deliveries in real time
- Improves supply chain efficiency and reduces lead times
There are two common types of inventory management: periodic and perpetual. Periodic inventory systems involve periodic stock counts, while perpetual inventory systems provide real-time tracking for optimized supply chain management.
By integrating order processing, businesses can see significant improvements: a 25% boost in productivity, a 20% improvement in space usage, and a 30% increase in stock efficiency.
15 Best Inventory Management Software in Philippines 2024
Have you ever been confused by the many online inventory software options in the Philippines? Each vendor has its pros and cons, which makes it challenging for businesses to choose the right one.
Chill lang! Here, we present 15 best inventory management software in Philippines 2024. Perhaps you’ll discover a solution that catches your eye in our guide. Therefore, let’s explore which inventory system best suits your requirements.
1. HashMicro Inventory Management Software
HashMicro is a web-based online inventory software in the Philippines for all types of businesses, including wholesale, retail, food and beverage, and manufacturing. It assists businesses by simplifying their inventory-related tasks and ensuring all information is accurate and up-to-date.
The best overall option for Filipino companies searching for complete, localized, and scalable inventory management software.
Why we pick it: HashMicro excels with advanced stock forecasting to avoid stockouts and overstock, detailed stock analysis to identify high-demand products, and seamless Barcode & QR Code integration for easy tracking, making it ideal for diverse business needs.
This company also offers a no-commitment free demo for those interested in trying the software themselves.
Moreover, HashMicro has helped major enterprises in Singapore and Indonesia streamline their inventory management with comprehensive features and excellent customer support. In the Philippines, it offers outstanding service across all business sectors.
With HashMicro inventory management software, you can track stock in your warehouse, manage picking and packing, order from suppliers, and handle customer deliveries—all in one place. Plus, it’s designed to work seamlessly with barcode and RFID systems, making stock checks smooth and simple.
Key Features:
- Stock forecasting
- Analysis of fast and slow-moving stocks
- Storage strategy with racking capacity
- Streamlined stock requests
- Stock reservations and reporting
- Stock optimizer per warehouse
| Pros | Cons |
|
|
To see how HashMicro can transform your inventory management and contribute to your success, get the pricing scheme to know the pricing calculation of software customized for your business needs below.
2. QuickBooks
QuickBooks is an inventory management software designed for businesses. It offers features such as inventory control, warehouse and order management, and batch and expiry tracking. QuickBooks inventory software philippines helps businesses streamline their inventory processes and offers a variety of affordable packages suitable for businesses of all sizes.
Features:
- Accounts payable management
- Order tracking
- Sales fulfillment
- Inventory and related costs tracking
| Pros | Cons |
|
|
3. Inflow Inventory Software
Inflow is an inventory management software provider with a focus on simplifying inventory processes for Filipino businesses across industries. Since its inception, Inflow inventory software philippines has aimed to provide intuitive software solutions.
The company has built its reputation on offering tools that help companies manage their stock levels. Its straightforward inventory software reduces manual errors and enhances operational efficiency.
Features:
- Barcode scanning
- Multi-location inventory tracking
- Order management
- Reporting and analytics
|
Pros |
Cons |
|
|
4. Sortly
Sortly is a modern inventory management software designed for small to medium-sized businesses. Founded with the idea of simplifying inventory processes, Sortly offers an intuitive and visual interface that makes managing inventory easy.
The software is particularly popular among businesses that require a straightforward and visually appealing solution for inventory tracking.
Features:
- Visual inventory tracking
- QR code scanning
- Customizable fields
- Mobile app access
| Pros |
Cons |
|
|
5. Odoo Inventory Software
Founded in 2005, Odoo has grown to become an ERP solution, offering a wide range of business applications. Odoo’s inventory software Philippines is known for its flexibility and integration capabilities.
Odoo strives to provide a comprehensive business management solution, with a focus on streamlining operations and improving efficiency through integrated software modules.
Features:
- Automated replenishment
- Multi warehouse management
- Barcode integration
- Real-time stock levels
|
Pros |
Cons |
|
|
6. Zoho Inventory Management Software
Zoho offers inventory management software with a comprehensive set of features at competitive pricing, making it attractive for startups and expanding businesses. Their software covers order management, inventory tracking, and shipping, catering to various shipping-based businesses.
Time-saving features like autofill purchase orders, one-click dropship management, and multi-warehouse management are also available. Additionally, Zoho inventory software Philippines higher-tier plans accommodate large-scale sellers, allowing businesses to start small and continue using Zoho as they grow.
Features:
- Multi-warehouse management
- Serial and batch tracking
- Item grouping and bundling
- Packaging and shipping
- Sales order management
| Pros | Cons |
|
|
7. Ordoro Inventory Management Software
Ordoro is a cloud-based software for inventory management and order fulfillment, created to simplify the management of e-commerce orders and inventory for online retailers. It provides various features to assist businesses in efficiently managing their inventory, orders, shipping, and suppliers from one central platform.
Ordoro aims to simplify the complexities associated with e-commerce order fulfillment and inventory management, helping businesses process orders efficiently, optimize inventory levels, and provide a seamless customer experience.
Features:
- Inventory management
- Purchase orders
- Order management
- Shipping management
| Pros | Cons |
|
|
8. Katana Inventory Software
Katana’s comprehensive inventory management software efficiently addresses the order management, inventory tracking, and shipping requirements of various businesses, including e-commerce, multichannel, and B2B operations. Its primary advantage, however, lies in its effectiveness within the manufacturing industry.
Katana offers a wide range of inventory management software features tailored to the needs of manufacturers. These include capabilities such as barcode-based parts tracking, production planning, assembly tracking, storage and shop floor management, supplier logistics, and numerous other functions essential for manufacturing operations.
Features:
- Location management
- Multiple warehouses
- Stock Inquiry
- FIFO, LIFO, Weighted Average
- Stock movement
| Pros | Cons |
|
|
9. Mosaic Inventory Management Software
Mosaic Solutions offers an inventory management system with features including intelligent purchasing, real-time analytics, and inventory cost monitoring. Established in 2016 and headquartered in Manila, Philippines, Mosaic inventory software is a technology provider for food businesses, retailers, and malls in philippines, aiding them in streamlining operations and improving decision-making through data analysis.
Their services range from POS systems that integrate with third-party delivery apps to advanced data analytics and inventory management, providing businesses with the tools and knowledge necessary for success.
Features:
- Multi-location inventory management
- Stock replenishment
- Integrated with POS software
- Inventory overview
| Pros | Cons |
|
|
10. Fishbowl Inventory
Fishbowl is a good inventory management software that has been serving businesses for over two decades. This vendor has a rich set of features that cater to manufacturing and warehousing industries.
The inventory software Philippines is particularly strong in handling complex inventory needs, such as multi-location management and advanced order processing. Fishbowl provides a cohesive solution for businesses.
Features:
- Multi-location inventory management
- Advanced order processing
- Integration with QuickBooks
- Barcode scanning
|
Pros |
Cons |
|
|
11. Shopify Inventory Management Software
As a software-as-a-service (SaaS) platform philippines, Shopify operates on a subscription model. Users pay a fee to use the platform, which includes access to tools for designing and managing their online stores, as well as hosting services. It’s important to note that a Shopify inventory software philippines website cannot be transferred to other e-commerce platforms; sellers must maintain an active Shopify account to keep their site operational.
Features:
- Inventory tracking
- Purchase orders
- ABC analysis
- Multi-location management
| Pros | Cons |
|
|
12. Monday.com
Monday.com is an inventory management system that was founded in 2012. This inventory management software vendor has gained popularity for its user-friendly interface. Monday allows businesses to create custom workflows for inventory tracking and management.
Its visual and collaborative inventory management software tools make it ideal for teams looking to manage inventory alongside other business processes in philippines.
Features:
- Visual dashboards
- Automated notifications
- Task prioritization
|
Pros |
Cons |
|
|
13. Oracle Fusion Inventory Software
It offers a range of features such as an inventory tracking system in real-time, order management from receipt to fulfillment, and effective supplier management. The software also includes warehouse management tools for inventory storage, picking, packing, and shipping.
Additionally, Oracle Inventory software provides reporting and analytics capabilities for businesses to gain insights into their inventory and supply chain performance. Overall, it is a comprehensive solution aimed at streamlining inventory and supply chain operations, improving efficiency, and reducing costs for businesses in the Philippines.
Features:
- Product expiry management
- Stock aging report
- Integrated with barcode and QR code
- Material request management
| Pros | Cons |
|
|
14. Cin7 Orderhive
Cin7 Orderhive is an inventory app in the Philippines designed for online retailers. It allows integration with various channels such as Amazon, eBay, Shopify, BigCommerce, QuickBooks Online, Etsy, and Magento, enabling automated inventory control and streamlined shipping processes.
With Cin7 Orderhive, retailers can efficiently manage inventory across multiple warehouses and locations. The inventory management software also integrates with major shipping providers like USPS, UPS, FedEx, and DHL, allowing users to check rates, print labels, and track shipments from a centralized interface. Additionally, users can access real-time analytics and business reports to identify which channels are generating the most revenue easily.
Features:
- Accounting integration
- Activity dashboard
- Barcode/ticket scanning
- Cost tracking
- Inventory optimization
| Pros | Cons |
|
|
15. Page365 Inventory Software
Page365 is an Order Management System designed for online sellers, offering a free stock inventory management system that automatically records all stock movements. With real-time updates, it provides a comprehensive solution with all the necessary functions for online sellers.
Tailored for businesses in Asia, particularly in the Philippines and Thailand, Page365 synchronizes inventory with Shopee and Lazada, two of the region’s largest marketplaces. Their software plan starts with a free option, allowing businesses to easily determine if it meets their needs.
Features:
- E-commerce integration
- Stock management
- Ability to add multiple SKUs
- Real-time stock update
| Pros | Cons |
|
|
What to Consider Before Choosing Inventory Management Software
Of the ten inventory management software options, you might still be confused about which one is suitable for your business operations. What kind of software is most suitable for your business scale? Are there any software selection tips that can be used? Magkakasama tayo!
When choosing an inventory management application, see whether it has these factors below because they are a sign of a high-quality inventory monitoring system. Keep in mind that the best inventory management tools in the Philippines have all of these features available.
User-friendliness
A user-friendly interface makes it easier for employees to learn and use the software effectively, reducing the time and resources needed for training. It also minimizes the risk of errors and allows users to quickly access the information they need, improving decision-making and overall workflow. A user-friendly inventory management application can ultimately lead to higher levels of employee satisfaction and better business outcomes.
Real-time updates
They are essential in inventory management software because they provide businesses with accurate and up-to-date information about their inventory levels. This allows businesses to make informed decisions quickly, such as when to reorder stock or how to allocate inventory across different locations. Real-time updates also help businesses prevent stockouts and overstocking, leading to improved customer satisfaction and reduced carrying costs.
Stock notifications
Alerts for stock levels are crucial in inventory software as they help businesses stay informed about their inventory levels in real-time. By setting up alerts for low stock levels, businesses can avoid stockouts and ensure that they have enough inventory to meet customer demand. Similarly, alerts for high stock levels can help businesses identify overstocking situations and take action to reduce excess inventory.
Barcode scanning
Barcode scanning is essential in inventory software as it enhances the speed and accuracy of inventory management. It allows businesses to update inventory records in real-time, reducing errors associated with manual data entry. Barcode scanning also enables efficient tracking of individual items, improving inventory visibility and operational efficiency.
Integration with other systems
Integration with other systems is vital in inventory software as it streamlines data flow between different parts of the business. By integrating with accounting, sales, and purchasing systems, businesses can automate processes, eliminate manual data entry, and improve efficiency. This integration also provides real-time information across departments, aiding in decision-making and customer service. Overall, integration enhances operations, reduces costs, and boosts competitiveness.
Conclusion
The challenges of choosing inventory management software can be daunting. However, through this article, we hope to help you figure out which is the best inventory management tools for your business.
If you are still considering which solution is right for you, you might want to try HashMicro inventory software. HashMicro provides comprehensive features suitable for any type of industry, from retail, F&B, construction, and manufacturing.
In addition, HashMicro integrates seamlessly with other modules, systems, and third-party apps, which optimizes the company workflow. These features are what make HashMicro the best inventory management software in the Philippines.
Are you interested in knowing more about what HashMicro can provide for your company? You can register for its free demo, or reach out to our team for consultation.
FAQ About Inventory Management Software
-
What are the 4 types of inventory management system?
Four key inventory management techniques are just-in-time (JIT), materials requirement planning (MRP), economic order quantity (EOQ), and days sales of inventory (DSI). Each of these methods has its advantages and disadvantages, which are discussed below.
-
What is the most common method of inventory management?
1. FIFO (First In, First Out): This common method sells the oldest stock first, ensuring that inventory is rotated efficiently.
2. LIFO (Last In, First Out): This approach sells the most recently acquired inventory first, which can be useful in specific financial or operational scenarios.
3. JIT (Just-In-Time): This strategy minimizes inventory by ordering stock only when needed, reducing holding costs and waste.
4. EOQ (Economic Order Quantity): This method calculates the optimal order size to minimize the total costs associated with ordering and holding inventory.
5. Average Costing: This technique determines the average cost of inventory items, smoothing out fluctuations in purchase prices.
6. Cycle Counting: This involves regularly checking a portion of inventory to ensure accurate records without a full inventory audit.
7. ABC Analysis: This method categorizes inventory based on its importance and value, helping prioritize management efforts.
8. Perpetual Inventory System: This system continuously updates inventory records in real time, providing an up-to-date view of stock levels. -
How do you keep track of inventory?
1. Assign an Inventory Manager: Appoint an individual to oversee and manage your inventory effectively.
2. Choose an Inventory Management System: Select a system that best suits your needs for tracking and managing stock.
3. Decide on Inventory Check Frequency: Determine how frequently you need to conduct inventory counts to maintain accuracy.
4. Implement Tracking Equipment: Set up the necessary equipment to track inventory efficiently and accurately.
5. Regularly Audit Inventory Tracking: Conduct periodic audits of your inventory tracking processes to ensure they are functioning properly.
