When it comes to choosing inventory management software for a Philippine business, the abundance of options available can be both an advantage and a drawback. Having a wide range of choices is beneficial, but it also increases the risk of making the wrong decision.
However, the sheer number of choices can also make it challenging to narrow down the options. Without a clear understanding of your business requirements, you may end up selecting software that does not fully meet your needs.
This can result in wasted time, resources, and potential disruptions to your operations. Therefore, it’s crucial to carefully assess your business needs and research different software options before making a decision.
To help you make an informed decision, we have compiled a list of the best inventory management software available. With the help of our article, we hope you find one that suits your needs perfectly.
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What is Inventory Management Software?
Inventory management software is a system to track, organize, and oversee all of a business’s inventory, as well as the inventory-related processes. It automates inventory management and streamlines tasks to track stock levels, orders, sales, and deliveries in real time.
Inventory management software is used across various industries, including retail, manufacturing, wholesale, and distribution. It aims to improve efficiency, accuracy, and control in managing inventory operations. Ultimately, this inventory management system benefits businesses by optimizing inventory levels, reduce costs, and enhance customer satisfaction.
Inventory management is key to maintaining operational efficiency and has various types that are commonly used by companies. Periodic inventory system, allows for periodic stock counts through initial physical review and data reconciliation in the software. In addition, there is also perpetual inventory system can provide real-time tracking that helps optimise the supply chain and ensure on-time delivery.
Utilizing integrated order processing for inventory management systems can result in a 25% boost in productivity, a 20% improvement in space usage, and a 30% increase in stock efficiency for companies. As shown by the statistics, using inventory management software improves the companies’ productions.
Top 10 Inventory Management Software in the Philippines
Selecting the appropriate inventory software for your business can be daunting due to the number of choices available. If you’re feeling overwhelmed, we’re here to help with a detailed list of the best online inventory software options in the Philippines.
Here, we present 10 top recommendations for inventory management software in the Philippines, covering aspects like cost-effectiveness and software usability. 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 provides a web-based online inventory software in the Philippines for all types and sizes of businesses, including wholesale, retail, food and beverage, manufacturing, and numerous other businesses. It provides significant assistance to businesses by simplifying their inventory-related tasks and making sure that all information is accurate and up-to-date.
It has helped renowned enterprises in Singapore and Indonesia simplify their inventory management with its comprehensive features and helpful customer services and support. In the Philippines, HashMicro also gives excellent service to all businesses and industries.
From tracking stock in the warehouse, picking and packing goods, ordering to suppliers, to delivering orders to customers, all of these can be done with HashMicro inventory management software. In addition, this software is designed to integrate with barcode and RFID systems, simplifying the process of checking stocks in and out.
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
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To see how HashMicro can transform your inventory management and contribute to your success, sign up today for a free demo. Discover why HashMicro is the chosen solution for leading companies across the region.
2. Katana
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 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
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3. 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
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4. Mosaic Solutions
Mosaic Solutions offers a inventory management system with features including intelligent purchasing, real-time analytics, and inventory cost monitoring. Established in 2016 and headquartered in Manila, Philippines, Mosaic Solutions is a technology provider for food businesses, retailers, and malls, 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
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5. Page365
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
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6. QuickBooks Commerce
QuickBooks Commerce, previously known as TradeGecko, is an inventory management platform designed for businesses. It offers features such as inventory control, warehouse and order management, and batch and expiry tracking. QuickBooks Commerce 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
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7. Shopify Inventory Management Software
As a software-as-a-service (SaaS) platform, 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 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
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8. Oracle Fusion Cloud Inventory Management
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 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.
Features:
- Product expiry management
- Stock aging report
- Integrated with barcode and QR code
- Material request management
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9. 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 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
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10. 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’s 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
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What to Consider Before Choosing Inventory Management Software
With so many options available, it can be challenging to determine the most suitable inventory management software for your business. It’s important to note that these systems vary in quality and functionality, so it’s essential to choose one that meets your specific needs.
By carefully evaluating your options and choosing a high-quality software solution, you can effectively manage your inventory and streamline your operations.
When choosing an inventory management applications, 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
Selecting the most suitable inventory management software might be a challenging task. However, with careful consideration and our recommendation, we hope you can choose 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 management software. We provide comprehensive features suitable for any type of industry, from retail, F&B, construction, to manufacturing.
In addition, our software integrates seamlessly with other modules, systems, and third-party apps, which optimizes the company workflow. All things considered, these features are what make us the best inventory management software in the Philippines.
Are you interested in knowing more about what we can provide for your company? You can register for our free demo, or reach out to our team for consultation.
