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Shopventory Review

Shopventory
Our score: 9.0 User satisfaction: 100%

What is Shopventory?

Shopventory is a cloud-based sales and inventory management software that consolidates sales and inventory data in one place, giving you a clear picture of your business’ performance at all times. Designed for small- to medium-sized businesses, the platform accounts for multiple sales channels and inventory locations. You would know which items are about to sell out and those that have ample stock.

Shopventory is optimized for US-based POS systems.

Shopventory seamlessly integrates with a continuum of next-gen sales systems, including Clover, Square, PayPal, Shopify, and WooCommerce. It also integrates with a popular accounting platform in Quickbooks, as it automatically syncs sales summaries from your ecommerce or point of sale software and the inventory information it provides with accounting. As such, it streamlines the backend of your operations and promotes efficiency.

Shopventory has a native mobile app, available to iOS and Android users, that carries the major functionalities of the cloud-based platform. This means you can monitor your business’ sales and inventory even when you’re out of the office. Moreover, if your business is doing well, you can show your company’s sales reports via the Shopventory app when closing deals with potential partners or investors.

Shopventory prides itself on its customer service, offering various channels of support, which include email support, phone support, live chat, and personal training. Should you have questions on how any of its features work, the company’s support team would gladly provide the answers and lead you to Shopventory’s extensive knowledge base.

Speaking of the features, Shopventory can be set to send out notifications for various selling scenarios. For instance, a sudden influx of buyers greatly diminishes the supply of your top-selling items. The platform will inform you that you need to source for supplies before stock runs out, preventing potential buyers from heading over to the sales channels of competitors.

Moreover, detailed reports that indicate which products are selling well and which should be pushed more are displayed on the dashboard. They can also be used to check the profitability of goods and sales performance over time. Should you wish to monitor the performance of discounted items or the expiration dates of perishables, the platform lets you create custom reports that cover such.

Shopventory offers further inventory organization with its Bundles functionality. By grouping together the parts or ingredients of products on the platform, you can easily sort and keep them in your storage facilities, which, in turn, speeds up product assembly. New items can even be created upon seeing the common components of your various product lines, especially the slow-moving ones. In this way, your inventory is maximized while wastage is reduced.

The platform also streamlines the inventory counting process by creating SKUs or product codes per unit and turning any mobile device into a handy barcode reader. By downloading the Shopventory app, warehouse employees can use their smartphones to scan the SKUs of ordered products. This automatically deducts the ordered items from the platform’s total stock count and the amount of stock a warehouse carries, providing a lot of convenience to businesses with multiple storage facilities. The need for physical counting is practically eliminated.

Another notable feature is Shopventory’s ability to create custom invoices, price tags, and labels. Through the platform’s white labeling solutions, you can make the aforesaid printouts conform to your company’s branding scheme. This conveys professionalism and fosters brand awareness to your buyers and potential customers. Meanwhile, the invoicing solution guarantees that digital invoices can be handed out to your clientele no matter where they are in the world. They can also pay using their country’s tender since the platform accepts global currencies.

Shopventory offers four pricing plans, beginning with its Standard plan at $79/month annually, and provides a 30-day free trial, and a 30-day moneyback guarantee.

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Overview of Shopventory Benefits

Simplified inventory tracking

Shopventory is designed to take the complexity out of your inventory tracking process. The platform allows you to manage ingredients or components independently, combine product components, and account for inventory across multiple sales channels and storage facilities. This gives you unprecedented flexibility and ensures that regardless of the product you sell, inventory is deducted with precision.

Custom alerts

Shopventory is designed to notify you before you run out of supplies. It allows you to create condition-based alerts and be as specific or broad as you want. The alerts can be customized using multiple conditions. When all the conditions are triggered; for instance, when a product is running low, Shopventory automatically sends you an email alert. The alerts can be viewed and acted upon in the solution’s dashboard, upon successful login. These alerts ensure every product you sell is always available to your customers, thereby boosting sales.

Streamlined supply chain

Shopventory allows you to assign items to the corresponding vendor, and vendor to the corresponding location. It stores vendor information as well as internal notes in a secure and centralized place to facilitate a simplified ordering experience. The information is accessible anytime anywhere, meaning you can assign items to vendors with ease.

Advanced reporting capabilities

Monitoring a specific product or category is made easy by Shopventory’s customizable reports. You can assign particular values or trends for the platform to track and it will populate data, backed with charts, in its reports. Besides sales performance, you can monitor product profitability, expiration dates, and the performance of discounted items, among others.

Accounts for multiple warehouses

Shopventory has no trouble accommodating multiple storage facilities as it provides the same performance and range of features to businesses that deal with various vendors. It consolidates information from all warehouses and segregates data individually for each so you won’t have any problems monitoring the movement of your products across different locations.

Eliminates physical counting

The physical counting of goods is tedious and takes a lot of time. With Shopventory, you can create and assign SKUs for all of your products that are printed on labels that can also be made using the platform. The labels, in turn, can be scanned through a smartphone that has Shopventory’s mobile app. Scanning the code automatically deducts the ordered item from the platform’s databases covering individual warehouses and sales channels. In a nutshell, instead of counting stock physically, you can simply refer to the number of items indicated on the platform.

Track your sales remotely

Aside from turning your phone into a barcode reader, Shopventory’s mobile app carries all the major functionalities of its cloud-based counterpart. You can track your sales and the availability of your goods regardless of your location. This way, you can attend important functions while still being on top of your company’s operations.

Painless invoicing and payments

Should you choose to go with Shopventory’s Standard plan or any of the higher-tiered packages, you can use the platform to create custom invoices, labels, and price tags that carry your company’s logo and design scheme. This increases brand recall, which in turn potentially raises sales.

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Overview of Shopventory Features

  • Alerts
  • Bundles
  • Reports
  • Vendor management
  • Purchase order
  • User access control
  • Spreadsheet bulk upload
  • Barcode Scanner Mobile App
  • Reporting
  • Dashboards
  • Sales analysis and forecasting
  • Sales channel auto-sync in real-time
  • Inventory control
  • Product bundles creation and management
  • Multi-channel, multi-user and multi-location
  • White label solutions
  • Export data
  • Global currency support
  • Invoicing

What Problems Will Shopventory Solve?

Problem #1Different inventory workflows for different sales channels

Having various sales channels can come with different inventory management styles for each, especially when handling both physical and digital stores. This can cause confusion and updating the inventory count manually for every channel is a tedious process if pulling from the same inventory. Accuracy can also be compromised since counting and sorting bulks of items for different stores is prone to human error.

Solution: Shopventory imparts order in this scenario by bringing together the sales and inventory data from all sales channels and segregating them per individual store. When a product is purchased, that item is automatically removed from the designated channel’s inventory. This gives users a clear view of their inventory status at any given moment and also eliminates the need for frequent physical counting.

Problem #2: Lack of visibility on your best-selling and under-selling items

Businesses might not know exactly which products are fast-moving and which don’t do too well. The allocation of product components purchased might not reflect the demand of the market, resulting in stock deficits during peak selling hours and large amounts of wastage at the end of each selling day.

Solution:  Shopventory’s reports display information on the bestselling and slow-moving products for each channel. Users can adjust their sourcing strategies to meet the demands of their clientele. Furthermore, should users avail of the Professional plan or any of the higher plans, they gain access to the platform’s intelligent stock forecasting feature, which predicts the amount of stock one would need in the succeeding sales cycles.

Problem #3: Running out of stock too early 

Solution: With Shopventory, businesses can generate purchase orders ahead of time, allowing them to make the necessary adjustments before stock runs out. This way, a store’s customers can always get the items they want at all times.

Awards & Quality Certificates

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This award is given only to top B2B products and represents the highest possible level of service. It highlights the vendor’s extensive knowledge of the industry they’re selling to and the needs of their customers.
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

Shopventory Position In Our Categories

Since businesses have specific business-related demands, it is logical they steer clear of preferring an all-encompassing, “perfect” business program. Needless to say, it is troublesome to try to stumble on such an app even among branded software products. The reasonable step to do can be to write down the various significant aspects that require investigation like major features, budget, technical skill competence of staff members, organizational size, etc. Then, you should follow through your research through and through. Go over these Shopventory evaluations and explore the other software solutions in your list more closely. Such comprehensive product research guarantee you keep away from unsuitable software products and select the system which meets all the tools your company requires for success.

Position of Shopventory in our main categories:

Since each company has specific business requirements, it is prudent for them to desist from searching for a one-size-fits-all faultless software application. Needless to say, it would be futile to try to find such an app even among widely used software solutions. The clever thing to do would be to list the various important aspects that need consideration such as key features, finances, skill levels of employees, company size etc. Then, you should do your groundwork thoroughly. Read some Shopventory Inventory Management Software reviews and check out each of the other apps in your shortlist in detail. Such exhaustive groundwork can make sure you reject ill-fitting applications and zero in on the app that offers all the aspects you need for business success.

How Much Does Shopventory Cost?

Shopventory Pricing Plans:

Free Trial

Standard

$79/month annually

Professional

$199/month annually

Elite

$399/month annually

Enterprise

$799/month annually

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What are Shopventory pricing details?

Shopventory Pricing Plans:

Free Trial

Standard

$79/month annually

Professional

$199/month annually

Elite

$399/month annually

Enterprise

$799/month annually

Standard – $79/month annually, $99/month monthly

  • Everything in starter
  • 2 locations
  • 2 saved custom reports
  • 3 Years order history
  • 3 Years reporting
  • 2 Users
  • Warehouse feature
  • Kits/bundles
  • Vendor management
  • Purchase orders
  • Invoicing

Professional – $199/month annually, $249/month monthly

  • Everything in standard
  • 5 locations
  • 5 users
  • 10 saved custom reports
  • Unlimited order history
  • Unlimited reporting
  • Beta access to new features
  • Intelligent stock forecasting
  • Automatic stock transfers

Elite – $399/month annually, $499/month monthly

  • Everything in professional
  • 10 users
  • 10 locations
  • Unlimited custom reports

Enterprise – $799/month annually, $999/month monthly

  • Everything in professional
  • 20 users
  • 20 locations
  • Unlimited custom reports

Custom – By quote

  • Over 20 locations

User Satisfaction

Positive Social Media Mentions 14
Negative Social Media Mentions 0

We are aware that when you decide to buy a Inventory Management Software it’s vital not only to see how professionals rank it in their reviews, but also to discover if the actual people and businesses that use these solutions are genuinely happy with the product. That’s why we’ve designer our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Shopventory reviews across a vast range of social media sites. The information is then presented in a simple to digest way revealing how many clients had positive and negative experience with Shopventory. With that information available you should be equipped to make an informed buying choice that you won’t regret.

Video

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Mac
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English
  • Spanish

Pricing Model

  • Free
  • Monthly payment
  • Annual Subscription

Customer Types

  • Small Business
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for Shopventory?

  • Shopify
  • Clover
  • Square
  • BigCommerce
  • PayPal Here
  • QuickBooks Online
  • WooCommerce
  • Stripe
  • Amazon Alexa

Shopventory User Reviews

Shopventory average rating:

Average score
5/5 (2 user reviews)
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

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The most favorable review

Mark Lazarchic

PROS: The Chat Customer support is by far the best in the industry.

CONS: They do not offer free brownies ANYWHERE.

Reviewed 4 years ago

Read full review >

The least favorable review

Anonymous Reviewer

PROS: It adds a competent inventory management system to Clover.

CONS: A few nit picking items that, I feel confident, will be corrected as the product matures. Nothing significant or anything that affects my use of the product.

Reviewed 4 years ago

Read full review >

More reviews from 2 actual users:

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  • Latest
  • Most useful
  • Most positive
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The other half of a functional POS

Read full review >
Anonymous Reviewer
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 29.06.2021 Company Size: 51-100 Employees Industry: Entertainment

PROS: It adds a competent inventory management system to Clover.

CONS: A few nit picking items that, I feel confident, will be corrected as the product matures. Nothing significant or anything that affects my use of the product.

What do you think about this review?

Great Poor

Shopventory is great

Read full review >
Mark Lazarchic
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 14.05.2021 Company Size: N/A Industry: N/A

PROS: The Chat Customer support is by far the best in the industry.

CONS: They do not offer free brownies ANYWHERE.

What do you think about this review?

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Shopventory user reviews

The other half of a functional POS

Read full review >
Anonymous Reviewer
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 29.06.2021 Company Size: 51-100 Employees Industry: Entertainment

Shopventory is great

Read full review >
Mark Lazarchic
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 14.05.2021 Company Size: N/A Industry: N/A
Louie Andre

By Louie Andre

B2B & SaaS market analyst and senior writer for FinancesOnline. He is most interested in project management solutions, believing all businesses are a work in progress. From pitch deck to exit strategy, he is no stranger to project business hiccups and essentials. He has been involved in a few internet startups including a digital route planner for a triple A affiliate. His advice to vendors and users alike? "Think of benefits, not features."

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