3. ProfitBooks

Stocklisting in ProfitBooks’ database
Companies can view and manage stock listings using the dashboard [Source: Capterra]
  • Overall: 4.4/5
  • Ease of Use: 4.5/5
  • Customer Service: 4.2/5
  • Features: 4.3/5
  • Value for Money:  4.5/5

ProfitBooks is an inventory management software that can help them track their inventory lifecycle. Using ProfitBooks, businesses can manage sales orders and complete order workflow. It also allows them to categorize orders basis the projects, which can help them to track the fulfillment status.

The software offers filterable reports and analytics to businesses to help them get insights on their inventories, sales, orders etc. ProfitBooks offers batch management wherein businesses can organize orders in batches, allot batch numbers, and mark expiry and manufacturing dates. It offers multi-user support, and users can be assigned permission to view various functions.

Users of the tool can manage workflows and allocate inventories to warehouses accordingly. Some other features offered by the software are multi-currency support, stock control and adjustments, inventory alerts, integration, and warehouse management. More information on additional features and pricing can be found on their website.

4. TallyPrime

Report dashboard for data insights in TallyPrime
Users can view various metrics like revenue, months, and other details in the TallyPrime dashboard [Source: Capterra]
  • Overall: 4.3/5
  • Ease of Use: 4.3/5
  • Customer Service: 4.0/5
  • Features: 4.3/5
  • Value for Money: 4.3/5

TallyPrime is an accounting and inventory management solution. It offers stock management to allow businesses to track and manage their stock and monitor stock levels, pending orders, shipments, etc. It also lets businesses manage stock using batch numbers, track the movement of batches, and keep a tab of expiry dates.

The software offers reporting features using which companies can pull out reports related to inventories, profits, stocks, and trends, to name a few,  to help them make more informed decisions. Users can manage their inventories from various locations as well. Using TallyPrime, users can categorize their stock based on multiple criteria like product type, supplier, etc.

Some other features offered by TallyPrime are purchase management to manage purchase orders and payments and sales management to give visibility of past and forecasted sales. More information on pricing and additional features can be found on their website.

5. TYASuite

Inventory register showing product details in TYASuite
Users can view complete product information in the inventory register on TYASuite [Source: Capterra]
  • Overall: 4.2/5
  • Ease of Use: 4.3/5
  • Customer Service: 4.3/5
  • Features: 4.0/5
  • Value for Money: 4.0/5

TYASuite is an inventory management software that manages inventory workflow for companies and warehouses. The software offers an automated inventory management feature using which businesses can generate automatic purchase orders to avoid stockouts. Using TYASuite, companies can create reports and get insights on the stocks, orders, and other inventory items and markers.

Moreover, the software offers multi-warehouse support using which businesses can track inventory across various warehouses. The tool offers integration with other software for a seamless flow of data. Some other features provided by the software are search filters, catalog management, pricing management, inventory optimization, warehouse management, supplier management, etc. More information on their pricing and additional features can be found on their website.

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  • To select the tools for this list, we identified the highest-rated inventory management software, which has its headquarters in India.
  • The shortlisted products were then assessed against the market definition of inventory management software: inventory management software monitors inventory levels for optimal production and distribution of goods for wholesale or retail. These applications enable organizations to manage inventory and procurement efficiently and order fulfillment functions. Inventory management solutions ensure accurate real-time inventory reporting and the ability to distribute this essential data across multiple locations and throughout an enterprise.
  • All the above software has the following core features: inventory management, inventory optimization, and product identification.
  • Besides that, the tools were further checked against the following criteria:  average overall ratings above 4.5/5 stars, minimum of 14 user reviews over the past year (April 2022 – April 2023), and tools having headquarters in India. 
  • Out of our resultant list, we selected the top five tools with the highest rating and listed them alphabetically.

This article may refer to products, programs, or services that are not available in your country or that may be restricted under the laws or regulations of your country. We suggest that you consult the software provider directly for information regarding product availability and compliance with local laws.

To know more, read the Capterra India blog here.

Featured Image Credit: Photo by Alexander Isreb; Pexels; Thank you!