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This section provides an overview for inventory control systems as well as their applications and principles. Also, please take a look at the list of 18 inventory control system manufacturers and their company rankings. Here are the top-ranked inventory control system companies as of December, 2024: 1.Oracle, 2.Zoho Corporation Pvt. Ltd., 3.Wasp.
Table of Contents
An inventory control system is a software used in logistics sites to monitor and control the quantity of products in stock in real time.
It centralizes all processes necessary for business operations, such as inventory control system, ordering system, and sales management in factories and stores, thereby improving work efficiency.
Appropriate inventory control systems are proposed for different industries, such as retail, trading, and manufacturing. Furthermore, based on the basic package, in many cases, additional options can be added in a flexible manner.
Inventory control systems are used for different purposes in different businesses.
In the retail industry, the inventory in the inventory control system changes at the same time as the check is settled at the store. In this case, the accounting system and the inventory control system must be linked. By setting an order point for each product, it is possible to place an order automatically when the quantity falls below the order point.
In addition, retailers with online stores can manage inventory in real time to determine whether to accept orders according to inventory status. Taking an order despite a lack of inventory can lead to problems.
In the food industry, managing delivery deadlines necessary for freshness control, such as expiration dates of food products, enables first-in, first-out (FIFO) operations. By managing the use of old items first, it is possible to reduce the amount of waste due to expiration of expiration dates.
It also leads to the understanding of distribution information (traceability) of purchased food products, making it easier to control the origin and the source of purchase.
In the manufacturing industry, managing the number of parts in stock can help prevent problems with missing parts. If a necessary part is found to be missing at the start of production, it can lead to reduced productivity and delivery delays.
By knowing the quantity of parts required for production in advance, you can order the missing parts.
An inventory control system is used to receive and pay for the quantity of items to be controlled. Receiving means "receiving" when something comes in and "paying" when something goes out.
In the manufacturing industry, for example, the quantity of parts in the system is increased when the parts for manufacturing are delivered to the factory. The quantity of parts in the system decreases when the parts are shipped out after manufacturing is completed.
An inventory control system automatically manages these positive (receipt) and negative (payment) transactions, but the timing of receipt and payment depends on the system and the company's management policy. Inventory control systems also have the ability to adjust inventory quantities to the optimum level.
This is useful for cases where you want to keep a sufficient amount of inventory or when you only need what you need when you need it. By configuring your inventory control system according to your purposes, you can make the most effective use of it.
An inventory control system is software that manages a store's inventory from sales and manufacturing to accounting, streamlining the entire process. Sales, manufacturing, and accounting are the central activities of a company and are referred to as core systems.
While there is no problem if the core system is properly operated by book inventory with no discrepancy from actual inventory, it is seen that book inventory and actual inventory do not match. In particular, the more complex inventory management becomes, such as when multiple stores are involved, the greater the risk of such discrepancies from actual inventory. Proper inventory management is necessary to prevent overstocking.
Inventory control systems are powerful tools for accurately tracking physical inventory. It eliminates the need for time-consuming data entry, reduces processing errors, and provides a real-time, accurate picture of inventory.
It also allows for easy reference when searching for past products. In recent years, cloud-based systems have been on the rise, further advancing remote management.
*Including some distributors, etc.
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Wasp Barcode Technologies, Inc., founded in 1994, is an American multinational manufacturer with its global headquarters in Plano, Texas, specializing in inventory management and turnkey tracking solutions. The company's offerings include a suite of software and systems for asset tracking, inventory management, barcodes, package tracking, as well as time and attendance tracking. It also provides a range of hardware and supplies, including barcode scanners and printers, labels and printer supplies, and mobile computers. While serving notable clients like Intel Corporation, Microsoft Corporation, Siemens AG, and Toyota Motor Corporation, the company still maintains a stronghold in the small and medium-sized business (SMB) market.
Oracle Corporation, founded in 1977 and headquartered in Austin, Texas, is an American multinational technology manufacturer, specializing in database software, cloud infrastructure, and enterprise software solutions. Oracle provides solutions through Oracle Cloud Infrastructure (OCI) and Oracle Cloud Applications. OCI is a global cloud data center infrastructure spread across 44 interconnected geographic regions for commercial and government purposes. Oracle Cloud Applications offer a suite of software-as-a-service (SaaS) applications, including enterprise resource planning (ERP), enterprise performance management (EPM), supply chain management (SCM), customer relationship management (CRM), and human capital management (HCM) software. Oracle caters to industries such as finance, healthcare, and manufacturing.
Rootstock Software, established in 2008 and based in San Ramon, California, United States, is a manufacturer and supplier of cloud-based enterprise resource planning (ERP) solutions. The company's product range includes CRM & ERP, engineering, financials, inventory, and production. These products assist in business operations, order management, manufacturing operations, supply chain management, and financial management. The company serves industries such as discrete manufacturing, high-tech and electronics, and medical device manufacturers. Its key services include planning and production, SaaS deployment, supply chain applications, and integration with the Salesforce platform.
SolidWorks Corporation, headquartered in the United States, is a software supplier company specializing in 3D computer-aided design (CAD) solutions since 1993. The company has become a major provider of cutting-edge design and engineering software for various industries, including manufacturing, automotive, and aerospace. Their flagship product, SolidWorks CAD software, empowers engineers and designers to bring their ideas to life with precision and efficiency. Their solution portfolio unites the customer's entire ecosystem, allowing them to connect the people, applications, and real-time data from every aspect of their business for improved productivity, increased collaboration, and accelerated innovation.
ShipBob, Inc., founded in 2014, is a global omnifulfillment solution supplier headquartered in Chicago, the United States. The company provides first-rate fulfillment services for its merchants, enabling users to grow their own business and deliver a remarkable customer experience. From its 100,000 square feet of warehouses, it provides latest supply chain solutions and fulfills global orders from the US, UK, EU, Canada, and Australia. Its proprietary warehouse management system (WMS) lets users manage, edit, and customize orders, track real-time stock levels from any location, and receive notifications when they need to reorder inventory — all at no extra cost for unlimited users.
Katana Technologies OÜ, founded in 2017 in Estonia, is a manufacturing and inventory software for scaling businesses. The company has become a cloud manufacturing platform, offering built-in inventory, production, and reporting features to give users an end-to-end ERP solution for modern businesses. From its HQ in Tallinn, with the help of staff across North America, Europe and New Zealand, it is helping manufacturers use the latest software available for every element of business with Katana uniting them all in a single platform. The built-in features and seamless integrations that make it the end-to-end inventory management software users need.
Cimbria A/S, established in 1947 and based in Thisted, Denmark, is a manufacturer, exporter, and supplier of seed processing machinery. The company produces other products for conveying, drying, storage, and seed processing and supplies to customers worldwide. Apart from this, the company designs agricultural machinery and abides by various quality and environmental standards such as ISO-45001, ISO-9001, ISPM 15, and EN 1090 while manufacturing the products. The company has production facilities in Denmark, Austria, Czech Republic and Italy.
ECI Software Solutions, founded in 1999 in the United States, is a global software company that specializes in cloud-based business management solutions. The company has been working with small to mid-sized companies in the building and construction, distribution, field service, and manufacturing markets to help them compete and grow. Its industry-specific tools are designed by people experienced in the field, so the company knows firsthand how to make it easier for businesses to do what they need. Its software delivers real-time visibility into every area of operations.
Clear Spider, established in 2006 in the United States, is a supplier of cloud inventory management software revolutionizing the way companies do business. The company, from one end of the supply chain to the other, offers features and functions that make a difference. It knows how challenging running a business can be, and it want to make it easier for you and your partners. Its cloud inventory software gives customer the competitive edge you need to succeed. As well, the inventory management software was designed to be nimble and function through web access: effective web-based solution for managing inventory.
Finale Inventory, established in 2009, is a US-based business services supplier specializing in cloud-based inventory management solutions. The company offers a diverse range of inventory management software including warehouse management, order management, eCommerce tools, and more. These tools cater to businesses of all sizes, helping them in the management of inventory, streamlining operations, and creating efficient workflows. Customized solutions are also available to meet specific client requirements. Finale Inventory serves clients across industries such as automotive, manufacturing, electronics, and more.
Commsoft Technologies, established in 1999 in Canada, is a supplier and developer of Fidelio ERP system. The company developes and provides Fidelio ERP system that could be customizable for SMEs. It supports small businesses as they expand and become more competitive, by optimizing users business processes with the help of its integrated management system. It has been helping small businesses reach full potential. With Fidelio ERP, its customers optimize their business processes resulting in more efficient operations and enhanced performance.
Zoho Corporation Pvt. Ltd., founded in Chennai, Tamil Nadu, in 1996 is a supplier of operating systems and unified cloud software. The company's product portfolio includes IT Management, Social Media Management, Invoicing, Accounting, and Email Marketing software. The company serves markets including education, finance, BI & Analytics, Legal and security and IT management. The company also offers customer services that include global technical support, customized software, product selection and customer support.
Inventory Planner, established in 2012, is a dynamic American company specializing in inventory management solutions, situated in the United States. The company has built a robust name for its cutting-edge software and services tailored to meet the needs of businesses across various industries. As a major supplier of inventory optimization tools, it serves a diverse client base, including e-commerce, retail, and wholesale sectors. Its robust software empowers businesses to streamline inventory, enhance forecasting accuracy, and ultimately improve profitability. With a track record of success and partnerships, it continues to be a dependable resource for companies seeking efficient inventory management solutions.
Ranking as of December 2024
Derivation Method| Rank | Company | Click Share |
|---|---|---|
| 1 | Oracle |
31.6%
|
| 2 | Zoho Corporation Pvt. Ltd. |
15.8%
|
| 3 | Wasp |
15.8%
|
| 4 | Rootstock Software |
10.5%
|
| 5 | All Barcode Systems |
5.3%
|
| 6 | Finale Inventory |
5.3%
|
| 7 | Katana Technologies OÜ |
5.3%
|
| 8 | Clear Spider |
5.3%
|
| 9 | Dassault Systèmes |
5.3%
|
Derivation Method
The ranking is calculated based on the click share within the inventory control system page as of December 2024. Click share is defined as the total number of clicks for all companies during the period divided by the number of clicks for each company.Number of Employees
Newly Established Company
Company with a History
*Including some distributors, etc.
*Including some distributors, etc.
| Country | Number of Companies | Share (%) |
|---|---|---|
|
United States of America
|
7 | 63.6% |
|
Denmark
|
1 | 9.1% |
United Kingdom
|
1 | 9.1% |
New Zealand
|
1 | 9.1% |
|
Canada
|
1 | 9.1% |
111 products found - Page 3
111 products - Page 3
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