What is Inventory Control Software?

Inventory control software optimizes the economic order quantity (EOQ) of businesses. The EOQ is the optimal inventory a business should purchase to minimize the cost of ordering and holding. This type of software helps regulate inventory stored in the warehouse, understand how to maximize inventory layout, and ensure there’s enough product to sell at every point. Inventory control software falls under the overarching category of inventory management, which also includes software that helps organize warehouses, scan barcodes, and print shipping labels. Inventory, or stock control solutions, automate the order fulfillment and shipping process, thus allowing vendors to instead focus on maximizing their inventory levels. The ultimate goal of managing stock levels is to eliminate any inefficiencies that may incur economic costs on vendors or cause inconveniences for consumers. Effective stock control gives businesses a competitive advantage to streamline a speedy shipping process. For businesses with perishable inventory, managing inventory is particularly important to prevent spoilage with the implementation of a first-in, first-out policy. In addition, these solutions prevent the accumulation of dead stock (or unsellable inventory) and excessive amounts of a product that may not ever be sold. What Types of Inventory Control Software Exist? Barcode inventory systems Barcode inventory systems update inventory levels in real time at the point of sale when workers scan an item. With barcode technology, inventory managers can eliminate time-consuming data errors that occur frequently with manual or paper systems for inventory counts. Radio-frequency identification (RFID) inventory systems RFID inventory systems use fixed tag readers for inventory tracking. Similar to barcode systems, RFID tags update inventory levels in real time when they are scanned. However, the difference between RFID and barcode systems is that with the former, multiple products can be counted simultaneously, while products can only be counted one at a time with barcode systems. While RFID technology systems might be pricier, they are dramatically faster than barcode scanning and can be very useful for managing large inventories.

What are the Common Features of Inventory Control Softwares?

Below are key features of inventory control software that help replenish physical inventory in real time, eliminate inefficiencies, and optimize customer satisfaction: Barcodes: Barcodes are an essential feature that can help maximize the efficiency of inventory management techniques. By labeling barcodes on every product, inventory managers can scan a product, which automatically categorizes the product and accounts for it in the inventory. The other option is manually counting each product, which is not only time consuming but can also result in human errors. Automated ordering: Inventory management systems can automatically detect when a particular product is running low on stock and will instantly update the product quantity for the inventory. As a result, the software will prompt reordering of new stock. This can help businesses maintain the right inventory and respond to customer needs if a particular product is in high demand. Order management: Retailers can manage all of their sales and purchases from within the software. This allows retailers to create packages and shipments, and can even send delivery updates to customers through the software. Reporting: Inventory control software can provide businesses with reports on which products are the most profitable, how quickly workers are stocking products, and how often purchase orders are being fulfilled on time. These reports can point to any inefficiencies in the warehouse or supply chain. Forecasting: Proper management of inventory levels helps forecast when products will be going out of stock and when there is an abundance. Proper forecasting metrics allow for efficient spending of a company’s resources. Serial number tracking: Serial number tracking allows inventory managers to attach a code to each product and monitor its movement from the point of purchase up until the time of sale. If orders are delayed or a customer would like to find out where their shipment is, this feature can give them insight and reassurance that the shipment is on its way. Product kitting: Product kitting is the process of bundling separate inventory items into one package. Inventory control software can help identify each item that needs to be packaged together to form the bundle and assign those packaged kits in a central location within the warehouse. This saves warehouse workers plenty of time by not having to walk around to different areas of the warehouse to package these items together. Cloud-based inventory management: Cloud-based inventory management is a way of tracking inventory through a web browser. A stock system that can be managed through the cloud allows businesses to access inventory on any device. Real-time access to the amount of inventory enhances coordination among staff for quick and smart business decisions. Internet of things (IoT) integrations: The connection of consumer devices with manufacturing machines helps supply chains excel. Inventory control software enables firms to generate insights, business intelligence, and cost-effective strategies. For example, IoT devices can be put on actual inventory or RFID labels. Machine learning and artificial intelligence (AI): E-commerce chatbots share the availability of products to shoppers. These virtual agents use algorithms to inform customers of stock shortages and recommend other products based on their carts.

What are the Benefits of Inventory Control Software?

Inventory control software improves the management of current inventory and eliminates any major inefficiencies in the supply chain. By accurately accounting for every product, businesses can lower costs, speed up fulfillment, and improve the overall production. Optimize inventory levels at all times: Having excess stock costs companies a hefty sum. Warehouses can combat this issue by using inventory management software to only purchase products when they are in high demand. The alternative option is using manual labor to count each product and use conjecture on whether more stock should be ordered. Track inventory numbers accurately: Real-time updates of inventory levels allow for more precise reports on available stock. Barcode scanning and RFID systems make this process seamless. Fulfill orders on time to increase customer satisfaction: Issues such as inaccurate inventory records can cause higher lead times, which result in slower response to demand. Once this happens, stock inventory runs out and customers cannot place orders. This may cause customer disapproval and even a loss of business. Inventory control software will eliminate this issue by automatically alerting inventory managers when stock is running low, as well as automatically restocking these products. Therefore, shorter lead times will get more customers their products on time and increase overall customer approval. Identify sales and losses by tracking sales patterns: Tracking stock is one of the best ways to keep track of sales patterns. This software provides an overview of which products are in high demand and which products are not selling as well. This will allow businesses to respond to customer demand by supplying more items that are frequently purchased and potentially discontinuing items that are hurting the business’ bottom line.

Page 5 | Best Inventory Control Software: User Reviews from August 2026

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SAP Integrated Business Planning

Respond to new market expectations with real-time supply chain planning capabilities and fulfill future demand profitably supply chain management. Powered by in-memory computing technology within SAP HANA, this cloud-based solution combines capabilities for sales and operations; demand, response, and supply planning; and inventory optimization. - Cloud deployment - Real-time scenarios and simulation - Social collaboration - Powerful predictive Analytics KEY BENEFITS: Achieve a rapid deployment Get up and running quickly with SAP Integrated Business Planning by using preconfigured process templates for an accelerated implementation. Empower employees with intuitive features Offer a unified, intuitive user experience with SAP Fiori and planning and simulation capabilities based on Microsoft Excel. Plan resources effectively Optimize resource efficiency by creating supply plans based on prioritized demands, allocations, and supply chain constraints. KEY CAPABILITIES: Integration with SAP Supply Chain Control Tower Gain end-to-end visibility of your supply chain, decision support, and fast corrective action through integration with SAP Supply Chain Control Tower. Forecasting and demand management Get full demand transparency with short-term, mid-term, and long-term forecasting. Take advantage of best-in-class capabilities for demand sensing and statistical forecasting. Inventory optimization Establish optimal inventory targets that enable you to maximize profits, while leaving a buffer to help you meet unexpected demand. Sales and operations planning Deliver a cross-departmental sales and operations plan that balances inventory, service levels, and profitability. Response and supply planning Optimize resourcing efficiency by creating supply plans based on prioritized demands, allocations, and supply chain constraints.

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seventhings

seventhings is the all-in-one platform for smart and circular asset management. We enable companies worldwide to keep an easy overview of all objects in their company by digitizing and automating asset management. 100% on German servers and GDPR compliant. USPs: - 24/7 Inventory: Inventory assets continuously at any time and on any day. - Intuitive software: Manage assets efficiently and get the information you really need. - Digital product passport: All information about your inventory in one app offline and online directly at a glance. - Circular Asset Tracking: Return all resources to employees and refurbishers in a climate-friendly way. Benefits: - Save 80% of the time: In the manual inventory process, employee capacities, such as their working time, are heavily involved. Working with lists as well as constantly searching inventories is very time-consuming and costly. All of this is eliminated with a digital asset management solution, making the process simple and time-saving. - Save 70% on costs: Costs incurred are significantly minimized with a digital solution, as employee resources are conserved, and inventory can be used more efficiently. - Save 60% CO2: By using a digital solution, companies not only save on the "paperwork" associated with inventory management, but with a newfound overview of all items, can use existing resources efficiently and make smart purchasing decisions.

Average Rating: 4.6/5.0

Total Reviews: 39

How Do G2 Users Rate seventhings?

Has the product been a good partner in doing business?: 9.7/10 (Category avg: 8.9/10)
Data Exporting / Importing: 8.8/10 (Category avg: 8.3/10)
Client management: 9.4/10 (Category avg: 8.0/10)
What is your organization's estimated ROI on the product (payback period in months)?: 10/10 (Category avg: 10/10)

Who Is the Company Behind seventhings?

Seller: seventhings
Year Founded: 2015
HQ Location: Dresden, DE
Twitter: @seventhings_app
95 Twitter followers
LinkedIn® Page: www.linkedin.com
19 employees on LinkedIn®

Who Uses This Product?

Top Industries: Hospital & Health Care
Company Size: 63% Medium, 33% Small

What Do G2 Reviewers Say About seventhings?

AI-generated summary from verified user reviews

Pros

Users value the efficiency of Seventhings for labeling large quantities of assets with ease and convenience.
Users value the efficiency improvement of Seventhings, appreciating how it enhances labeling for larger asset quantities.
Users appreciate the time-saving RFID labels, streamlining the management of large asset quantities effortlessly.
Users value the constant updates to features that enhance usability and improve overall experience with seventhings.

Cons

Users find the navigation difficult and suggest improvements like keyboard shortcuts to enhance usability.
Users note the need for improved usability, particularly with keyboard shortcuts and tab management for better navigation.

What Are Recent G2 Reviews of seventhings?

"Seventhings is great inventory software!"

Rating: 5.0/5.0 stars

— Erik H.

Best Inventory Control Software - Page 5

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