Managing inventory for fashion brands is a complex process that requires precision, efficiency, and real-time data. Enter fashion inventory software.
The rigth fashion inventory software offers features tailored to the unique needs of fashion retailers. From tracking size and colour variations to managing seasonal trends, these tools are important for apparel inventory management on Shopify and other eCommerce platforms.
With a lot of software options available, how do you choose the right one? What features should you look for? How can it impact your bottom line?
We answer all these questions, providing the complete list of the current top fashion inventory software and why Prediko is No.1 and meets the demands of a modern fashion D2C brand on Shopify or other eCommerce platforms.
List of The Best Fashion Inventory Software
1. Prediko's AI Inventory Management Software
5.0 ⭐ (50+ Reviews on Shopify Store)
Features that set apart Prediko from other fashion inventory management software
- AI-driven sales forecasting for precise demand planning at SKU and category levels for your fashion brand.
- Smart fashion inventory planning with automated out-of-stock alerts and buying recommendations
- Streamlined purchase order management for easy creation, tracking, and bulk editing of POs for your fashion brand.
- Detailed fashion inventory reports with over 100+ customizable filters (CSV or PDF)
- Track and manage your raw materials required to make your apparel products.
Prediko also has a big advantage over other fashion inventory software: Brands can easily forecast the required raw materials quantity for their products and SKUs.
How We are Jolies uses Prediko's fashion inventory software
We are Jolies, a sustainable fashion brand, utilized Prediko to transform their fashion inventory. Prior to Prediko, We are Jolies struggled with inaccurate inventory data, leading to inefficient ordering and frequent stockouts.
By implementing Prediko's integrated fashion inventory system, they achieved a 25% reduction in stockouts and a 15% increase in inventory turnover. Additionally, Prediko's forecasting tools helped We are Jolies align their inventory with market demand, resulting in a 10% increase in sales.
How Cloudsharks uses Prediko's fashion inventory software
Cloudsharks, a dynamic footwear brand, experienced substantial growth by leveraging Prediko.
Before implementing Prediko, Cloudsharks faced frequent stockouts and overstock issues, leading to lost sales and high carrying costs. With Prediko's real-time inventory tracking and advanced analytics, Cloudsharks optimized their stock levels, reduced excess inventory by 30%, and increased their sales by 20% in the first year of implementation.
2. Shopify POS
Shopify POS is an apparel inventory management software preferred by merchants for its ability to unify customer experiences seamlessly across both online and physical sales channels.
Main Features
- Conduct precise inventory counts for incoming shipments using a barcode scanner.
- Identify underperforming products to free up capital and stock.
- Receive low-stock alerts tailored to each vendor's sales velocity and lead time.
- Monitor minor adjustments to stock levels.
- Analyze trends and plan ahead with comprehensive location and inventory reports.
- Transfer products between various sales channels and locations.
- Process exchanges for purchases made online or at other locations, with real-time inventory updates.
- Manage and fulfill in-store pickup orders directly within the Shopify POS system.
Pricing
Basic plans start at $39/month.
3. Lightspeed Retail
Lightspeed Retail is cloud-based POS and inventory management platform packed with powerful features tailored for apparel retailers.
One standout feature allows retailers to explore and purchase from integrated supplier catalogs. With built-in purchase order functionality, ordering inventory becomes a quick and seamless process.
Main Features
- Track products across multiple locations, with detailed attributes like size, color, and style.
- Sync your in-store and online inventory to minimize the risk of stockouts.
- Access comprehensive reports on product performance, slow movers, and customer preferences to optimize inventory planning.
- Centralize management of multiple stores with tools for inventory, reporting, and more.
Pricing
Basic plans start at $89/month.
4. FishBowl
Fishbowl is good for businesses needing tracking and manufacturing solutions, making it a choice for apparel retailers with complex inventory demands, such as managing various product sizes and styles. It integrates with other tools to build a unified inventory management system.
Main Features
- Handle inventories by tracking multiple attributes, including size, color, and style, across various locations.
- Automate entire order process from inventory to shipping, minimizing errors and saving time.
- Simplify receiving, picking, and stocking with barcode scanning capabilities.
- Access in-depth reports on inventory patterns, sales, and more.
Pricing
Fishbowl offers customized pricing based on business size and needs––contact them for a quote.
5. Oracle NetSuite ERP
NetSuite Inventory Management provides a single view of inventory across all locations and sales channels, allowing businesses to reduce inventory on hand to free up cash while avoiding stockouts.
Main Features
- Optimize Stock Levels: Demand-based planning leverages historical data, sales projections, and seasonality to maintain stock quantities.
- Increase Profit Margins: Company-wide visibility into inventory makes management more efficient and cost-effective.
- Reduce Cost of Goods Sold: Fulfillment practices help lower handling costs and shipping expenses.
- Manual Reporting: Outdated, error-prone inventory reports will no longer be an issue.
- Inefficient Stock Allocation: Avoid surplus inventory in one location while another runs out.
- Poor Planning: Reduce issues caused by inadequate planning, such as stock shortages, overstock, increased markdowns, and write-offs.
- Unnecessary Handling: Cut down on extra handling processes that raise the cost of goods sold (COGS).
- Limited Visibility: Tracking and tracing products from suppliers to customer orders will no longer be a challenge.
Pricing
Contact Orcale Netsuite for a quote.
6. Zoho Inventory
Zoho Inventory simplifies retail operations, covering everything from inventory tracking to order fulfillment. With its intuitive interface, it’s especially well-suited for merchants who are new to inventory management.
Zoho Inventory’s built-in integrations with other Zoho applications make it an excellent option for retailers already using Zoho CRM or related tools.
Main Features
Pricing
Standard plans begin at $29/month.
7. TallyPrime
TallyPrime is a tool that simplifies fashion and apparel inventory management, making it easier for businesses to stay on top of their stock and meet customer expectations.
Main Features
- Comprehensive Inventory Tracking: Manage inventory specifically by tracking different apparel categories like shirts, pants, dresses, and accessories, ensuring each type is adequately stocked.
- Variant Management: Categorize inventory by individual sizes (S, M, L, XL), colors (red, blue, black), and styles (casual, formal, seasonal collections) to maintain precise stock information.
- Reorder Alerts: Set reorder levels for specific items, such as popular t-shirt sizes or seasonal best-sellers, to ensure they are always available during peak demand.
- Sales and Purchase Management: Streamline sales and purchase processes by easily managing bulk orders for new seasonal collections and tracking individual supplier details for each product line.
- Reports and Insights: Access specific business reports like stock movement by apparel type, aging analysis for slow-moving clothing, and profitability by product variant for informed decision-making.
Pricing
Starts from $10/month.
8. NetStock
Supply and demand planning software designed to unlock working capital through smart planning. Accurately predict demand, prevent stock shortages, and lower inventory levels.
Main Features
- Faster Order Placement: Streamline planning, forecasting, and ordering to save time.
- Prevent Stock-Outs: Reduce stock shortages to retain customers and drive sales.
- Reduce Excess Inventory: Free up cash by minimizing surplus stock.
- Accurate Demand Forecasting: Utilize flexible, customized demand planning.
Pricing
Contact Netstock to get a quote for their pricing.
9. Intuit QuickBooks
With its easy-to-use interface and features, QuickBooks helps apparel businesses efficiently manage their inventory, alongside everyday financial tasks such as invoicing, expense tracking, payroll, and financial reporting. The software offers cloud-based accessibility, allowing business owners to manage their accounts and inventory from anywhere
Main Features
- Invoicing: Create & send professional invoices to clients, and track payments.
- Expense tracking: Automatically track expenses and categorize them for accurate bookkeeping.
- Payroll management: Manage employee payroll, including taxes, deductions, and direct deposits.
- Inventory Tracking: Manage apparel inventory, including tracking stock levels, product variants (sizes, colors, styles), and receiving low-stock alerts.
- Financial Reporting: Generate essential reports like profit and loss, balance sheets, and inventory valuation reports to get a clear picture of business health
Pricing
The basic plan starts at around $30 per month
10. Orion ERP
Orion ERP is a enterprise resource planning solution that can be effectively utilized as fashion inventory software to meet unique challenges of apparel industry. It offers extensive features to manage inventory across multiple product variants like sizes, colors, and styles, ensuring fashion businesses stay on top of their stock and meet customer demand without overstocking or understocking
Main Features
- Supply Chain Management: Manages procurement, order processing, logistics, and supplier relationships.
- Manufacturing management: Supports production planning, scheduling, and monitoring for improved operational efficiency.
- Inventory management: Tracks inventory levels in real time, optimizing stock and minimizing costs.
Pricing
Orion ERP pricing is typically customized based on the size and requirements of the business.
Quick Comparison of the top fashion inventory software
Impact of the right fashion inventory management software on business outcomes
Implementation of fashion inventory software has a direct impact on your operations, key metrics, bottom-line and business functions
Cost reduction and profit maximization
One of the main benefits of a fashion inventory software is cost reduction. By automating and optimizing inventory management process, the right software can significantly reduce labour costs and manual errors.
The right fashion inventory management software helps in identifying slow-moving items and dead stock, enabling you to implement effective markdown strategies and free up valuable storage space. Ultimately, these cost savings can translate into profit maximisation.
Data-driven decision making and forecasting
Fashion inventory software can also facilitate data-driven decision making. A good fashion inventory management software provides real-time inventory data and reporting, offering valuable insights into your inventory performance.
These insights can guide your purchasing, pricing, and merchandising decisions, ensuring alignment with market demand and trends. It will also help you identify opportunities for improvement and growth.
Brands should use this list to come to the decision of picking the right inventory software for their requirements. A lof of these software offer free trial, so they can take their own time to reach a conclusion.
