As an eCommerce merchant, you know that inventory management is the backbone of a successful business. Shopify inventory management apps ensure that you have the right products in stock to meet customer demand, avoiding stockouts and overselling. It also helps you optimize storage space, minimize costs, and streamline order fulfillment.
Shopify, the leading eCommerce platform, offers a wide range of inventory management apps to cater to the diverse needs of businesses of all sizes.
These inventory apps are powerful for tracking stock levels, managing product variations, automating restock notifications, and gaining valuable insights into inventory performance.
To help you navigate the vast of options, we’ve compiled a list of the top 10 best Shopify inventory management apps in 2024. This list considers factors such as ease of use, features, pricing, and customer reviews.
What is Inventory Management? Why is it Important to Merchants?
Inventory management refers to the systematic process of overseeing and controlling a business’s goods and materials, from their acquisition to their utilization or sale.
This crucial aspect of business operations involves tracking and organizing inventory levels, ensuring optimal stock levels are maintained, and minimizing the risk of overstock or stockouts.
For merchants, effective inventory management is paramount, as it directly influences various aspects of their business. Maintaining accurate inventory levels helps meet customer demand, avoiding stockouts that can lead to lost sales and customer dissatisfaction.
Simultaneously, it prevents overstock situations, which can tie up capital and warehouse space unnecessarily. Furthermore, efficient inventory management enhances cost control as it reduces carrying costs, holding costs, and the risk of obsolete or expired stock.
According to the study by Statista, global retail eCommerce was estimated to reach $8.1 billion worldwide by 2026, and this figure is expected to reach new heights in the coming years.
Overall, by optimizing the balance between supply and demand, Shopify merchants can improve customer satisfaction, streamline operations, and maximize profitability.
Why Use Inventory Management Apps?
- Accommodate Growth: Inventory management apps can scale your business, providing the tools and infrastructure you need to manage larger inventory volumes and increased order fulfillment demands.
- Enhanced Customer Satisfaction: Accurate and timely order fulfillment, along with consistent product availability, contributes to improved customer satisfaction. Satisfied customers are more likely to become repeat customers and recommend your business to others.
- Improved Decision Making: Access real-time data and insightful reports to make informed decisions about inventory management, pricing, and marketing strategies.
- Optimize Pricing and Promotions: Analyze inventory data to identify slow-moving products and develop effective clearance strategies, freeing up storage space and generating additional revenue.
- Reduce Errors: Eliminate the risk of human error in inventory management through automated processes and data synchronization.
Who Needs Shopify Inventory Management Apps?
While effective inventory management is crucial for every online business, Shopify inventory management apps offer specific benefits that meet the needs of particular groups.
Here are the reasons why you need Shopify inventory management apps:
- Entrepreneurs Launching New Stores: Shopify inventory management apps provide a solid foundation for organized and scalable operations, making them essential for those embarking on their eCommerce journey.
- Small to Medium-Sized Businesses: These Shopify inventory management apps offer a competitive edge to smaller businesses by streamlining inventory processes, ensuring accuracy, and minimizing errors, ultimately enhancing overall efficiency.
- Businesses with Dropshipping Suppliers: For dropshipping businesses, reliable inventory updates from suppliers are essential. Inventory management apps integrate with dropshipping platforms, providing real-time inventory data and automating order fulfillment for a seamless experience.
- Frequent Stockouts: Running out of popular products leads to lost sales and unhappy customers. Inventory management apps help you forecast demand and automatically trigger reorders based on set parameters, preventing stockouts and ensuring your shelves stay stocked.
- Complex Product Variations: Managing inventory for products with multiple variations (size, color, etc.) can be a logistical challenge. Inventory management apps streamline this process by automatically tracking stock levels for each variation, eliminating manual calculations, and ensuring accurate fulfillment.
Remember, the specific benefits of Shopify inventory management apps will depend on your unique business model and needs. However, if you recognize yourself in any of the categories, your workflow can significantly improve your efficiency, profitability, and overall success.
Before, we started with Shopify inventory management apps for 2024. Do you know the success rate of the Shopify store?
Don’t worry; here is the answer.
The Shopify success rate of eCommerce stores is around 5% to 10%. This means that out of every 100 businesses that use Shopify, only about 5 to 10 of them are successful.
Here is a detailed guide to the Shopify success rate.
The Best Shopify Inventory Management Apps for 2024:
1. Back In Stock ‑ Restock Rocket:
Back in stock is one of the best Shopify app because it streamlines the process of sending automatic back-in-stock alerts, ensuring you never miss a sales opportunity.
Create “Notify me when available” buttons and watch sales as customers receive instant email, SMS, and push alerts with purchase links when items are restocked.
Packed with powerful features, Restock Rocket offers 24*7 live chat support, customizations, multi-language and location support, and revenue-boosting reminder notifications.
Features:
- Easy Setup: Add a “Notify Me” button and signup form to your store in minutes.
- Automatic Alerts: Send instant, multi-language back-in-stock alerts via email, SMS, or push notifications.
- Customization: Tailor everything to match your brand, with 24*7 setup assistance.
- List Growth: Build your mailing list, sync seamlessly with Klaviyo, and send targeted purchase reminders.
- Wishlist Alerts: Increase sales by notifying customers when wishlist products are back in stock.
Pricing & Plans:
- Free Plan: 14-day free trial
- Lite Plan: $4/month
- Standard Plan: $12/month
- Premium Plan: $20/month
2. Prediko Inventory Management App:
Prediko is an AI inventory management, planner and forecasting app that helps Shopify D2C brands restock on time, every time.
Use the power of AI and bring together forecasting, planning, and purchase order management into a single platform.
Receive automatic alerts on inventory levels and access insights on stock health to quickly create purchase orders based on solid data.
Simplify the management of your raw material catalogue and bill of materials (BOM), and make bulk adjustments to your product settings with ease.
Generate and export detailed inventory reports in both CSV and PDF formats effortlessly.
Features:
- AI-Powered Sales Forecasting: Utilize AI for Sales Forecasting, enabling precise demand planning at the SKU, product category, and company-wide levels
- Inventory Planning and Management: Enhance Inventory Planning with alerts for stock shortages and recommendations for purchasing planning
- Purchase Order Management: Manage purchase orders effortlessly with the ability to create, monitor, and bulk edit within a user-friendly system.
- Detailed Inventory Reporting: Generate detailed inventory reports in CSV or PDF formats, offering over 50 customization filters for tailored insights.
- Bill of Materials Creation: Streamline the creation of your bill of materials and efficiently order components necessary for producing your finished goods.
Pricing:
- Starter: $199/month
- Growth: $199/month
- Enterprise: $349/month
3. Thrive by Shopventory:
Empower your growing business with Thrive by Shopventory, the ultimate centralized inventory management and reporting solution tailored for multi-location and online Shopify sellers.
Seamlessly syncing real-time stock and catalog data, Thrive optimizes your operations, cuts costs, facilitates smarter business decisions, and boosts sales.
Connect your brick-and-mortar locations effortlessly with your Shopify Store, as well as integrate with Square, Clover, and Google Shopping, consolidating all your business data on one powerful platform.
Key Features:
- Data-Rich Reporting: Gain insights by location and sales channel, enhancing decision-making.
- Automated Purchase Orders: Streamline restocking processes for efficient inventory management.
- Multi-Shopify Account Integration: Connect multiple Shopify accounts for an all-in-one experience.
- Scanner Functionality: Count, transfer, and reorder products effortlessly using a scanner.
- Assemblies and Manufacturing Workflows: Take your business to the next level with advanced manufacturing capabilities.
Pricing:
- Standard: $99/month
- Professional: $249/month
- Elite: $499/month
- Enterprise: $999/month
4. Stock Sync: Inventory Sync:
Revolutionize your inventory management with Stock Sync, the ultimate solution for automating product import, update, export, and removal.
This app seamlessly synchronizes inventory from multiple suppliers and ERPs, ensuring real-time accuracy and minimizing overselling risks. Compatible with CSV, XML, Google Sheets, and API, Stock Sync simplifies the import and export of inventory data, making the process efficient and error-free.
Key Features:
- Time-Saving Automation: Update inventory levels effortlessly, eliminating the risk of manual errors.
- Overselling Prevention: Quantity rules enable users to adjust stock levels, avoiding overselling issues.
- Efficient Removal: Easily remove unwanted or discontinued products from your store.
- Export to Suppliers: Streamline stock tracking by exporting inventory to suppliers or vendors.
- Dropshipping Capability: Become a dropshipper by sharing your feed with other merchants.
Pricing:
- Free Plan: Free
- Basic: $5/month
- Pro: $15/month
- Business: $25/month
5. Appikon ‑ Back In Stock:
Automate your back-in-stock notifications and recover lost sales effortlessly with Appikon’s Back in Stock app. Notify customers automatically when previously out-of-stock products become available, improving customer retention and boosting sales.
The waitlist functionality ensures customers never miss their favorite items, while detailed reporting tools provide valuable insights into customer demand for both new and existing products.
With a user-friendly setup requiring no coding, customizable signup forms, and compatibility with all themes, Appikon Back in Stock is the key to recapturing more sales.
Key Features:
- Automatic Alerts: Notify customers via email and SMS when products are back in stock.
- Quick Setup: Set up your back-in-stock alert in under 2 minutes with no coding required.
- Customizable Signup Forms: Tailor signup forms and notifications to match your theme.
- Analytics: Utilize back-in-stock alert analytics to understand customer demand.
- Waitlists: Generate waitlists for products to ensure you don’t miss out on future sales.
Pricing:
- Free: Free
- Starter: $19.99/month
- Pro: $29.99/month
- Premium: $49.99/month
Learn more about: Multi-Origin Shipping: What is it and How to Set up in Shopify?
6. Sumtracker Inventory App:
Sumtracker streamlines inventory management for single and multi-store owners, offering multichannel inventory sync, product bundles, purchase order automation, low stock alerts, and comprehensive reports.
Keep your Shopify, Amazon, Walmart, eBay, and Etsy inventory in perfect harmony. Update multiple listings effortlessly and auto-update bundle inventory based on component changes.
With features like multi-location management, detailed inventory logs, and easy stock updates, Sumtracker is your go-to solution for efficient inventory control.
Key Features:
- Multichannel Inventory Sync: Synchronize inventory across Shopify, Etsy, eBay, Amazon, Walmart, and more.
- Product Bundles: Auto-update bundle inventory based on component changes.
- Purchase Orders: Streamline incoming stock, receive stock partially, and save price lists.
- Reporting: Receive low stock alerts, access inventory forecasting, stock valuation, and COGS.
Pricing:
- Up to 200 Orders/M: $49/month
- Up to 1000 Orders/M: $99/month
- Up to 5K Orders/M: $199/month
- Up to 10K Orders/M: $299/month
7. Back in Stock: Restock Alerts:
Back in Stock empowers your Shopify store to send push notifications, emails, and SMS messages when sought-after items are back in stock, increasing sales and reducing cart abandonment.
With easy sign-up options, customers receive quick alerts, enhancing their shopping experience.
Back in Stock offers automated notifications, customizable emails and themes, and a JavaScript API for personalized buttons. Monitor conversion rate, track most-wanted out-of-stock items, and analyze recent notifications with the app’s robust analytics.
Enjoy multi-language support, seamless integration with email marketing platforms, and the flexibility to customize your restock strategy.
Key Features:
- Automated Alerts: Send push notifications, emails, or SMS when a product is back in stock.
- Customization: Tailor emails, themes, and buttons with JavaScript API to match your brand.
- Email Marketing Integrations: Connect with Mailchimp, Klaviyo, and more for personalized communication.
- Analytics & Reports: Monitor conversions, most-wanted out-of-stock items, and recent notifications.
- Multi-Language Support: Reach a wider audience with support for all Shopify store languages.
Pricing:
- Free Plan: Install for free
- Lite Plan: $19/month
- Startup Plan: $29/month
- Small Business: $49/month
8. Katana Cloud Inventory:
Katana’s Cloud Inventory Platform offers real-time inventory insights, ensuring you eliminate stockouts and overstock issues while maintaining a balanced supply and demand.
With a centralized view of your inventory, bring together sales, production, and accounting for enhanced visibility into daily operations. Master stock management with features like BOMs, product recipes, restock points, notifications, and real-time stock sync.
Efficiently handle incoming orders from various sales channels while tracking available products for sale in real time.
Key Features:
- Inventory Management: Eliminate stockouts and overstocks with advanced features.
- Purchase Orders: Issue orders based on precise material requirements and reorder points.
- Centralized Monitoring: Monitor data from every sales channel on a centralized platform.
- Manufacturing Management: Efficiently manage manufacturing, production planning, resource allocation, and scheduling.
- Integration: Seamlessly send key financial data to accounting software like QuickBooks Online and Xero.
Pricing:
- Essential Plan: $129/month
- Advanced Plan: $349/month
- Professional Plan: $799/month
All plans come with a 14-day free trial.
9. Bundles.app ‑ Inventory Sync:
Increase your average order value and drive sales by effortlessly selling product bundles using the Bundles.app. Whether it’s multipacks, curated sets, or tiered pricing, this adaptable and intuitive bundle product tool provides a fast, flexible solution for boosting sales.
Allow customers to build their own bundles by picking variants they love, and watch as inventory syncs automatically and swiftly. Bundles.app ensures a seamless experience with easy setup, great support, and compatibility with all sales channels.
Key Features:
- Bundle Variety: Create bundles, multipacks, tiered pricing, curated sets, and more.
- Customization: Allow customers to build their own bundles by selecting preferred variants.
- Automatic Inventory Sync: Inventory syncs quickly and automatically, instilling confidence in selling.
- Discount Codes: There is no need for discount codes; they can still be used in the checkout process.
- Easy Installation: It works seamlessly with all sales channels.
Pricing:
- Shopify Shops: $14/month
- Shopify Plus 30K: $29/month
- Shopify Plus 100K: $99/month
- Shopify Plus >100K: $199/month
All plans include a 15-day free trial.
Learn more about: Discover the Best Shopify Automatic Discount App
10. Bee Low Stock Alert & Forecast:
Merchbees offers a swift solution to track low-stock products, providing instant notifications and automating replenishment processes.
Receive alerts when inventory falls below your chosen threshold and set dynamic thresholds based on sales forecasting and stock cover days.
The app calculates reorder quantities, ensuring you can restock before products run out. With the ability to set maximum stock levels and utilize multiple filters, Merchbees provides comprehensive inventory control.
Take advantage of sales, forecast, and inventory reports with export functionality for in-depth insights.
Key Features:
- Alerts: Create unlimited instant and scheduled alerts with email or slack notifications.
- Reorder Calculation: Auto-calculate reorder inventory and set maximum stock levels.
- Dynamic Thresholds: Set dynamic thresholds based on sales forecasting and stock cover days.
- Filters: Utilize multiple filters, including location, collection, vendor, tag, product, or SKU.
- Reports: Access detailed sales, forecast, and inventory reports with export functionality.
Pricing:
- Free Plan: Free
- Professional Plan: $4.99/month
- Enterprise Plan: $8.99/month
- Enterprise+ Plan: $39.99/month
The best Shopify inventory management app for your business will depend on your specific needs and budget.
Here are some factors to consider when making your decision:
- Business size: Consider the size of your business when choosing an app. If you have a small business with a limited number of products, a simple app may suffice. However, you’ll need a more robust solution if you have a large business with a wide range of products and multiple sales channels.
- Complexity of your inventory: If you have a complex inventory with many variations, you will need an app that can handle this complexity.
- Sales channels: If you sell on multiple channels, you will need an app that can synchronize inventory across all of them.
- Budget: Inventory management apps can range in price from free to hundreds of dollars per month. Choose an app that fits your budget and provides the features you need.
- Ease of use: The app should be easy to set up and use, with a user-friendly interface and intuitive navigation.
- Features and functionality: Consider the specific features and functionality you need to manage your inventory effectively. Some apps offer a wide range of features, while others are more focused on specific areas, such as product variations, multi-channel selling, real-time inventory tracking, and multi-location inventory management.
- Integrations: Check if the app integrates with your existing accounting, shipping, or other business systems.
- Scalability: Ensure the app can scale your business growth as your inventory needs increase.
- Customer support: Choose an app with responsive and helpful customer support in case you encounter any issues.
- Pricing: Consider the pricing of the app. Most apps offer a free trial or tiered pricing plans based on the number of users or features.
Conclusion:
In conclusion, inventory management is the backbone of any successful eCommerce business. It ensures optimal stock levels, minimizes costs, and enhances customer satisfaction.
This blog post has explored the top 10 Shopify inventory management apps for 2024, highlighting their key features, pricing, and suitability for different businesses.
Remember, the ideal app depends on your individual needs, budget, and business complexity. Carefully consider the factors discussed above and explore free trials to determine the perfect fit for your Shopify store.
Investing in a robust Shopify inventory management app can streamline your operations, empower informed decision-making, and ultimately pave the way for your eCommerce success.
Now let me know which Shopify inventory management app you use for managing your inventory. Comment below!