Custom inventory management software: features, platforms, and technologies
Our inventory management services
Itransition offers end-to-end inventory management development services, from requirements analysis and functionality design to solution development and integration with other systems.
Consulting
Our experts audit your current inventory workflows and analyze your business requirements to decide on an optimal feature set and tech stack for your solution. Then, we conceptualize your future solution, estimate costs and time, create a development plan, and envision further upgrades.
Development
We build bespoke inventory management solutions for any business type or industry to back up your specific workflows and ensure efficient operations. In addition to equipping your software solution with the necessary features and capabilities, we design user-friendly interfaces to ensure high user adoption and minimize operations disruption. Throughout the entire development process, we perform multiple tests to check if your software operates as intended and correct any flaws before the rollout.
Integration
To create a unified business ecosystem with seamless data sharing, we can connect your custom inventory management solution with your other corporate systems, such as ERP, CRM, and accounting software. We also integrate your software with best-in-class barcode scanners, cameras, and sensors for comprehensive data gathering and more accurate stock tracking.
Following the deployment, we will keep your inventory management solution fully functional with regular or on-demand performance checks, configurations, and updates. If needed, we can upgrade your solution with new functionalities to match your emerging inventory needs.
Want to streamline your inventory management?
Key inventory management features
Whether you run a retail, distribution, or manufacturing business, we can handpick proper features and functionalities for your inventory solution to help you efficiently control, handle, and plan your inventory throughout the entire supply chain cycle.
- Inventory, shelf, and bin tracking
- Expiration date tracking and alerts
- Real-time updates on stock levels
- Stock quantity-based alerts
Important integrations for inventory management software
We can integrate inventory management software with other enterprise systems and physical devices to ensure seamless data exchange and streamline inventory operations across the company.
Inventory management software integrations
ERP
CRM
Accounting software
PoS systems
Physical devices
ERP
ERP-inventory management software integration enables automatic inventory data availability across departments, resulting in real-time visibility into the stock-related processes and streamlined order management, planning, logistics, and accounting operations.
CRM
Syncing inventory management solutions with a CRM system facilitates inventory data transmission between the sales and supply chain management teams. It allows for quick equipment of current order fulfillment capabilities with automatic sales order and invoice generation.
Accounting software
The integration of accounting and inventory management software allows you to track purchase/sales orders, invoices, and accounts payable, accurately reflect inventory in financial reports, and calculate inventory carrying costs.
PoS systems
Through a point-of-sale system connected to inventory management software, businesses can remotely and in real time check stock levels across sales locations, identify best-selling products, get low-stock alerts, and generate inventory reports.
Physical devices
We can connect your inventory management system to barcode or RFID scanners, mobile devices, and cameras to automate stock identification and tracking and accelerate transaction processing operations.
Inventory management delivery roadmap
Our inventory management software implementation process includes several stages where we cooperate with the customer’s stakeholders to deliver a fully-functional, robust solution.
1
Analysis
- Analyzing inventory processes and business needs
- Defining software requirements and project scope
2
Design & planning
- Designing software architecture
- Estimating time and costs
- Selecting tech stack and implementation approach
3
Development
- Front-end and back-end development
- Feature engineering
- Integration with other systems and hardware if required
4
Testing
- Test automation
- Functional and non-functional testing
- User acceptance testing
5
Deployment
- Software configuration
- Data migration
- Post-release testing
6
Support & maintenance
- Corporate training
- On-demand or ongoing maintenance
- Functional upgrades
Custom inventory management tech stack
We thoroughly analyze project requirements and select the best technologies to create reliable inventory management software fully matching our clients’ unique needs.
Hosting platforms
Front-end technologies
Back-end technologies
Databases
Top inventory management platforms
Key features
- Order packing and delivery with or without barcodes
Double-entry inventory management
Stock transfer
Multi-warehouse support
Real-time inventory valuation
Inventory forecast
Real-time dynamic reports - Powerful document search
Custom stock alerts
Activity log
Customer portal
Integration with other Odoo apps and third-party software via APIs
Active customer support and community forums
Deployment types
- On-premise
- SaaS
- Cloud
- Web-based
Pricing
- Free (including free hosting and support) with unlimited users if it’s your first Odoo app
- Additional apps start at €11.90/user/month
- 15-day free trial
Best for
- Businesses with an IT team
Limitations
- Customization can require technical knowledge
Inventory management selection criteria
To make the most of their custom inventory management systems, business owners should consider several key points when choosing the best solution.
Deployment type
Depending on the infrastructure type you plan to set up, you can choose between on-premise and cloud-based inventory management solutions.
Advantages
Highly customizable Stronger security Complete ownership and control over the solution Not affected by internet outages
Affordable Easily scalable Quick implementation Accessible anytime on any device
Disadvantages
High upfront and maintenance costs Difficult to deploy Long downtime
Internet-dependent Unsuitable for highly specific and complex needs Long-term costs can be higher
Advanced technologies for inventory management
We can incorporate innovative technologies into your inventory management software to expand its capabilities and set up a fast, cost-efficient, and reliable supply chain.
Inventory systems powered by artificial intelligence and machine-learning algorithms can analyze order data, sales history, and inventory levels from multiple sources, forecast demand trends, and provide valuable insights that help improve inventory management decisions.
- Non-structured and IoT data analysis
- Bottleneck analysis and identification
- Automatic order placement
- Defective product or packaging detection
- Voice search capabilities
- Inventory stock and demand prediction
Build a reliable inventory management solution with Itransition
Benefits of digitizing inventory management
Inventory accuracy
Unlike manual spreadsheets, inventory management systems automatically track every product’s quantity and location, show what’s in stock, and update inventory movements in real-time.
Increased productivity
Businesses can spend less time on routine inventory control tasks and reallocate the workforce to perform more high-value activities.
Optimal inventory levels
Inventory management systems provide real-time updates on your inventory and help prevent overstocking or stock-outs.
Reduced costs
With an accurate inventory account, companies can fulfill orders without faults, prevent backorders, and cut storage, handling, and transportation expenses for excessive stock.
Accurate planning
Real-time inventory data enables managers to correctly forecast the demand, plan stock replenishment, and make better business decisions.
Fewer errors
By automating inventory management processes, businesses can establish efficient, smooth workflows and prevent asset miscalculations and inventory routing mistakes.
Higher customer satisfaction
Inventory management software enables businesses to accurately meet customer demand and quickly deliver orders, fostering positive customer experiences.
Greater insights
Analytical data collected by inventory management software can be used to optimize stock availability, improve the supply chain, identify sales trends, and boost overall profitability.
