3 Best Multichannel Inventory Management Software & Tools
In today’s online world, most businesses need to sell through multiple channels to thrive. These channels can consist of online marketplaces and web stores, as well as social media platforms. Because of this, the business can become complicated quickly. The best solution to the problem is a multichannel inventory management system. If you use several web stores, keep reading to learn all about the solution to your management problems.
Here’s What We’ll Cover:
What is Multichannel Inventory Management Software?
This software is a solution to common problems that eCommerce platforms face. It helps these online businesses maintain oversight on stock levels, customers, and orders. It also allows for your sales channels to stay synchronized at all times. When looking for multichannel inventory software, these are some of the features you’ll want:
- Data about inventory levels
- Inventory control management
- Ability to manage product listings
- Real-time updates and synchronization
- Integration with most major marketplaces
Many of the inventory management solutions available today incorporate all of these features. These tools have been designed specifically for use with multiple online marketplaces.
The 3 Best Multichannel Inventory Management Software & Tools
Here’s a list of the top 3 multichannel inventory management solutions available!
Ecomdash is an excellent software available, and it’s one of the most affordable. For 500 orders in a month, Ecomdash only costs $90. It has a dozen different marketplace integrations, and 10 webstore integrations. It also allows for integration with 12 different shipping solutions. Here are some of the features offered by Ecomdash:
- 12 marketplace integrations, 10 webstore integrations, 12 shipping integrations
- Allows users to create and sync listings with web stores and marketplaces
- Provides warehouse operations and warehouse management software
- Automates the dropshipping process
- Lets you place purchase orders when inventory becomes too low
The price for Ecomdash is solely based on how many orders it processes from month to month. While some users think that the setup process is complex, once it’s running it’s very straightforward. This software provides everything you need to get started on all of the popular marketplaces available today!
Sellbrite is the second software on our list. It has more limited integration options than Ecomdash does, but it’s still an excellent software for the price. The current pricing for Sellbrite is $149 a month for up to 100 orders. Amazon, however, is not included in that price. Here are a list of the features that make Sellbrite a good software:
- 9 marketplace integrations, 3 webstore integrations, 7 shipping integrations
- Allows you to create and sync listings from a single platform
- Warehouse management included
- Dropshipping can be organized
Sellbrite is a great option second to Ecomdash, if you’d like the specific integrations that they have. They allow for integration with Walmart, Newegg, eBay, and Etsy. All of these are popular online marketplaces and web stores.
If you need an international marketplace option, ChannelGrabber is the solution. ChannelGrabber is a UK-based multi-channel inventory software. Because of this, it allows for integration with UK parcel carriers like Royal Mail. Here are some of the features available with ChannelGrabber:
- 3 marketplace integrations, 11 webstore integrations, 17 shipping integrations
- Lets users create and sync listings
- Provides kits and bundles for eCommerce platforms
- Lets users manage their warehouse
- Lets users create purchase orders based on inventory
ChannelGrabber is the best option if you need international shipping options. However, their cheapest pricing tier is $120 a month. The next step is $600, with a tier higher that requires price negotiation. The basic tier does not come with all features, unfortunately.
What Are the Benefits of Multichannel Inventory Systems?
There are some key benefits to using these softwares. The first of these benefits is better control over your inventory. With multiple places to sell products, there is always a high chance of overselling. A multichannel inventory system takes this risk away by syncing all of your data.
Another main benefit of these softwares is the ability to manage everything from one place. If you’re managing multiple web stores, things can get hard. Having one place to do all of your work can put your mind at ease.
While it sounds complicated, multichannel inventory software is a way to simplify your business. By having one place to manage all of your inventory and your listings you create an easier workflow. This can benefit your business over time, by making it easier to grow as you gain customers.