The 10 Best Inventory Audit Software of 2024

Why use SafetyCulture?

SafetyCulture provides a comprehensive solution for businesses involved in intermodal transportation needing inventory audit software. One of its standout features is the ability to track the location of software, making it easy to keep tabs on assets and containers as they move from one location to another. With the inclusion of geotagging in inspections, you can even pin the exact location of an inspection, giving you full transparency into the entire process.

Features:

  • Comply with regulations and ensure safe transport of cargo by conducting thorough inspections using a premade ISO container inspection checklist.
  • Identify any issues that may need immediate attention by receiving real-time alerts and notifications from monitoring sensors.
  • Provide complete inspection visibility with custom reports, including images and videos with geotagging of the assets, that can be easily shared with stakeholders.
  • Collaborate and communicate seamlessly with teams across multiple locations using the Heads Up feature.
  • Ensure accountability and timely resolution of issues by assigning action items and setting due dates for team members.

Why use inFlow Inventory?

inFlow Inventory provides a comprehensive solution for managing inventory and orders. This platform is designed to assist small and medium-sized businesses in tracking products, sales, and production. Additionally, users can use this to adjust stock levels effortlessly, reorder products, and efficiently manage sales and purchase orders.

Features:

  • Order management
  • Order histories
  • Barcode scanning and generation

Why use Lightspeed?

Lightspeed simplifies business operations and drives growth by providing a unified point-of-sale (POS) and payments platform where users can generate customizable reports anytime, anywhere. Additionally, this platform allows real-time insights into sales, products, and team performance. 

Features:

  • Serial and batch tracking support
  • Track inventory levels
  • Import catalog files

Why use Megaventory?

Megaventory is a cloud-based inventory management and order fulfillment software for medium-sized businesses. It offers robust manufacturing and reporting capabilities, handling purchase orders, invoicing, inventory tracking, and returns. This software also supports sales order fulfillment, stock management, and other workflows useful for brick-and-mortar shops or e-commerce stores.

Features:

  • Automatic stock alerts
  • Barcode scanning and printing
  • Multiple reports

Why use Cin7?

Cin7 is a user-friendly inventory management and shipping software for online retailers. It seamlessly integrates with popular channels like Amazon, eBay, Shopify, QuickBooks Online, Etsy, and Magento to automate inventory control and streamline shipping. 

Features:

  • Out-of-stock alerts
  • Low stock alerts
  • Multiple warehouse tracking

Why use Zoho Inventory?

Zoho Inventory is a cloud-based software designed to streamline inventory management for businesses. It offers many features, including sales and purchase order creation, inventory tracking, efficient item and order management, warehouse control, and seamless multichannel selling. With Zoho Inventory, businesses can enhance their operational efficiency and gain better control over their inventory processes.

Features:

  • Automatically order out-of-stock items
  • Barcode scanner ability
  • Inventory updates across all channels

Why use Spocket?

Spocket is a game-changing dropshipping platform that connects users to reliable suppliers worldwide. They can choose the best products, test them, and quickly deliver them to your customers. 

Features:

  • Real-time automatic stock level updates
  • Order tracking
  • Marketplace for US and Europe dropshipping suppliers

Why use Katana?

Katana gives manufacturers complete control over their inventory, including raw materials, finished goods, and work-in-progress. This platform enables real-time tracking of inventory movements and workflow adjustments. Katana automatically allocates items to open orders based on the new workflow.

Features:

  • Cloud accounting
  • Batch tracking
  • Stock Keeping Unit (SKU) management

Why use Ordoro?

Ordoro allows you to integrate your different sale channels to improve your fulfillment workflows. It offers features such as shipping label creation, omnichannel inventory management, automated dropshipping, and more. It is best for e-commerce sellers and suppliers who process thousands of orders per day. 

Features:

  • Monitor multiple shipping options
  • Bulk print shipping labels
  • Multi-warehouse management and tracking

Why use SkuVault Core?

SkuVault Core is a cloud-based inventory management software under the Linnworks family that effectively addresses warehouse efficiency challenges. It offers tools to analyze sales patterns and forecast inventory needs, empowering users to make data-driven decisions. 

Features:

  • Order fulfillment
  • Inventory management
  • SKU duplication

What is an Inventory Audit Software?

Inventory audit software is a powerful tool that helps businesses manage their inventory seamlessly and automatically. With this software, management can track the movement and location of inventory in real time, making it easier to make informed decisions about stock levels and ensure efficient supply chain management.

This platform can be customized to meet specific business needs, making it perfect for small, medium, and large organizations. By implementing inventory audit software, businesses can save valuable time, reduce costs, and streamline their operations, ultimately leading to higher profits and greater success.

Benefits

Using inventory audit software for your business has numerous benefits. It streamlines the auditing and management process, saving you time, money, and headaches. Here are some key benefits of the best inventory audit software:

  • Increased accuracy – Automate and eliminate human errors with an inventory audit software to track and record inventory data in real-time, ensuring accurate and up-to-date information.
  • Time-saving – Manual inventory audits can be time-consuming, especially for businesses with large inventories. Inventory audit software automates data collection and analysis, saving you time and letting you focus on other important aspects of your business.
  • Cost-effective – Inventory audit software replaces physical counts and manual data entry, saving money on labor and reducing the risk of errors that cause financial losses.
  • Improved efficiency – Using an inventory audit software offers real-time visibility into inventory levels, helping you promptly identify and address any issues. This optimizes inventory management, prevents stockouts or overstocking, and improves supply chain efficiency.
  • Enhanced decision-making – Having accurate and timely inventory data empowers informed decisions on purchasing, pricing, and sales strategies. Inventory audit software offers insights into turnover, demand patterns, and profitability, enabling data-driven decisions to impact your business positively.
  • Compliance and accountability – Inventory audit software helps you maintain compliance with industry regulations and internal policies. With it, you can track inventory movements and provide an audit trail to your organization for recordkeeping, ensuring accountability and transparency in inventory management processes.

Key Features

Regardless of the nature of your business, there are several crucial factors to consider when selecting the ideal inventory management software. Here are some key aspects to prioritize in your decision-making process:

  • Simplicity of use
  • Integrations with third-party platforms
  • Analytics and reports
  • Multi-location inventory management
  • Barcode scanning support
  • Multi-channel inventory management
  • Low-stock alerts

Choosing the Best Inventory Audit Software

For companies in the shipping and logistics industries, the right software can make a world of difference. The table below summarizes the best inventory audit software options, including free versions, pricing, and mobile app availability to simplify this process.

Inventory Audit Software Free Version Paid Plan Mobile App
SafetyCulture Yes $24/user/month* Yes
inFlow Inventory None $89/month* Yes
Lightspeed None $119/month* Yes
Megaventory None $135/month* None
Cin7 None $349/month Yes
Zoho Inventory Yes $29/organization/month* Yes
Spocket None $39.99/month Yes (iOS)
Katana None $99/month* None
Ordoro Yes $299/month* None
SkuVault Core None Contact vendor Yes (Android)

* billed annually

Rob Paredes
Article by
Rob Paredes
Rob Paredes is a content contributor for SafetyCulture. He is a content writer who also does copy for websites, sales pages, and landing pages. Rob worked as a financial advisor, a freelance copywriter, and a Network Engineer for more than a decade before joining SafetyCulture. He got interested in writing because of the influence of his friends; aside from writing, he has an interest in personal finance, dogs, and collecting Allen Iverson cards.