Top 7 Inventory Management Software in Australia

In the ever-evolving Australian business landscape, efficient inventory management isn’t just an operational need—it’s a competitive advantage. From bustling retail hubs to remote warehouses, businesses require tools that simplify complexity and enhance accuracy. 

The right inventory management software helps reduce manual errors, streamline stock handling, and optimize workflows, all while staying compliant with local regulations like GST. 

This blog highlights the top inventory solutions designed to empower Australian businesses, ensuring you can focus on growth while your inventory takes care of itself.

Software	Starting Price	Trial Period	Free version
Refrens	$44/month	✔️	✔️
C2W Inventory Management	$29/month	✔️	❌
Datapel WMS	$120/month	✔️	❌
MYOB Acumatica	Custom	–	–
FishBowl	Custom	–	–
Netsuite	Custom	–	–
Brightpearl	Custom	–	–

Key Features Australian Businesses Should Prioritize in Inventory Management Software

• Real-Time Inventory Monitoring: Provides live updates on stock levels across multiple locations, minimizing risks of overstocking or running out of stock.
• Multi-Channel Integration: Seamlessly connects with e-commerce platforms, accounting software, and logistics providers for unified operations management.
• Barcode and QR Code Support: Streamlines inventory processes with barcode or QR code scanning, improving speed and accuracy in stock handling.
• Advanced Demand Forecasting: Leverages historical sales data, seasonality, and trends to anticipate inventory requirements and maintain optimal stock levels.
• Automated Stock Reordering: Automatically generates purchase orders when the stock reaches a predefined threshold, preventing operational disruptions.
• Comprehensive Analytics and Reporting: Delivers actionable insights into inventory turnover, product performance, and sales trends to aid in strategic decision-making.
• Cloud-Based Access: Provides real-time inventory visibility from anywhere, offering flexibility for remote teams and seamless updates.
• User Role Customization: Enhances security by assigning tailored roles and access permissions to users based on their responsibilities.
• Compliance with Australian Tax and Multi-Currency Support: Ensures adherence to GST requirements while facilitating global trade through multi-currency functionality.
• Scalability and Personalization: Accommodates business growth by allowing feature customization and handling increasing inventory complexities.

1. Refrens

Refrens is a trusted inventory management solution used by over 150,000 businesses in 170+ countries. It consists of a complete business suite that helps you manage your entire business.

With its comprehensive Inventory management software, it offers real-time stock tracking with automated updates for sales, purchases, and expenses. You can manage inventory across multiple locations with features like batch tracking, barcode integration, and low-stock alerts. Refrens combines secure cloud storage, role-based access, and frequent updates to ensure reliability and efficiency, making it ideal for businesses of all sizes.

Key Features:

• Effortless Stock Management: Add items individually or in bulk, with automatic updates for invoices, expenses, and purchase orders to maintain accurate stock levels.
• Comprehensive Warehouse Oversight: Manage inventory seamlessly across multiple locations, with automatic stock adjustments for purchases, sales, and warehouse-specific inventory tracking.
• Batch and Serial Tracking
  • Batch Tracking: Organize and manage inventory by batches for precise stock handling and accurate transaction records.
  • Serial Number Tracking: Assign unique serial numbers to items for detailed records of sales, purchases, and transfers.
• Barcode Integration: Speed up inventory tasks with barcode scanning for quick product identification and efficient stock management.
• Streamlined Order Handling: Manage sales and purchase orders, track deliveries, and create delivery challans effortlessly for enhanced customer satisfaction.
• Profitability and Valuation Insights: Access detailed profitability reports for top-selling items and leverage real-time inventory valuation for smarter business decisions.
• Low Stock Notifications: Stay proactive with automated alerts for low stock levels, ensuring timely inventory replenishment.
• Customizable Orders and Invoices: Design professional sales orders, purchase orders, and invoices with personalized templates, including custom colors, fonts, and headers.
• Unified Client and Vendor Management: Centralize all client and vendor interactions with comprehensive transaction histories, payment records, and insights.
• Integrated Accounting Features: Automate journal entries, ledgers, and vouchers, while generating key financial reports like profit and loss statements and balance sheets with ease.
• Real-Time Inventory Updates: Ensure inventory accuracy with automatic adjustments triggered by transactions, reducing manual errors and saving time.
• Expense Tracking: Categorize and monitor business expenses in one place for better financial control.
• Team Management with Role-Based Access: Assign secure roles and permissions to team members for collaborative, efficient task management.

Additional Features:

Refrens combines accounting, inventory, expense tracking, and sales CRM into an all-in-one platform. It also offers 3rd party integrations with shopify, meta, pabbly, and more!

Pricing:

• Basic Plan: $0/year
• Boutique Plan: $537/year 
• Multi-Store Plan: $895/year 
• Enterprise Plan: $1,074/year

User Reviews:

2. MYOB Acumatica

MYOB Acumatica delivers a sophisticated ERP platform ideal for businesses needing advanced inventory and warehouse management. It simplifies inventory distribution, improves stock tracking, and automates key processes for streamlined operations. With features like multi-location stock visibility, personalized dashboards, and workflow automation, MYOB Acumatica enables businesses to scale efficiently. It integrates inventory management with financial planning, project oversight, and comprehensive reporting for seamless business operations.

Features:

• Optimized Replenishment Planning: Set reorder quantities, lead times, and safety stock levels to avoid shortages and ensure consistent supply.
• Unified Sales Management: Handle quotes, orders, discounts, shipments, and inventory checks through a single platform for efficiency.
• Cross-Warehouse Tracking: Monitor stock across multiple warehouses, minimize overstock, and make the most of available storage space.
• Perishables Automation: Implement first-in-first-out inventory tracking to manage shelf-life and regulatory compliance effortlessly.
• Role-Specific Dashboards: Create customized dashboards for different teams, offering tailored insights and better task management.
• Detailed Product Profitability: Analyze costs and margins by individual items, categories, or product lines to refine your inventory strategy.
• Barcode and RFID Integration: Enhance accuracy during order fulfillment with barcode and RFID scanning to validate stock movement.

Additional Features:

MYOB Acumatica expands beyond inventory control with automated packing workflows, real-time shipping notifications, and integrated financial tools. Its cloud-based ERP solution offers flexibility, allowing businesses to tailor functionalities and foster collaboration across teams while ensuring scalability.

Pricing:

Pricing for MYOB Acumatica varies based on individual business requirements. Contact MYOB for personalized solutions and a detailed quote.

User Reviews:

3. Datapel WMS

Datapel delivers an advanced inventory management system designed to streamline and elevate warehouse operations. With features such as livestock tracking, automated restocking, and barcode integration, Datapel helps businesses enhance efficiency and reduce operational costs. Its seamless integration with eCommerce platforms, accounting tools, and other business systems ensures a cohesive workflow.

Key Features:

• Live Stock Tracking: Monitor inventory in real-time across multiple warehouses and storage bins, giving you complete control and oversight.
• Automated Stock Replenishment: Plan restocking efficiently with demand-driven insights to prevent overstocking and avoid running out of stock.
• Barcode Integration: Boost picking speed and accuracy by incorporating barcode scanning for seamless inventory and order management.
• Streamlined Workflow Management: Simplify key processes such as receiving, storing, picking, packing, and shipping through guided workflows.
• Centralized Order Management: Manage orders, allocate inventory, handle returns, and process backorders effortlessly from a unified system.
• Comprehensive Audit Trails: Keep a detailed log of inventory movements for accountability and enhanced operational transparency.
• Customizable Dashboards: Tailor dashboards to specific roles, providing team members with focused insights into stock and order statuses.

Additional Features:

Datapel integrates seamlessly with platforms like Shopify, WooCommerce, MYOB, and Xero to unify inventory, sales, and accounting. Its advanced features include document tracking, transport management, and analytics, enabling businesses to optimize every aspect of their operations.

Pricing:

• Standard Plan: $120 per user per month (minimum 3 users)
• Additional modules, such as manufacturing workflows, eCommerce tools, and customer portals, can be added for customized pricing.

User Reviews:

4. FishBowl

Fishbowl Inventory is an all-in-one inventory management software tailored to help businesses streamline their operations. Its key features include live inventory tracking, barcode-enabled workflows, and seamless integration with tools like Xero and QuickBooks. The software excels in multi-location stock management, automated order processing, and custom reporting. With over 50,000 global users and 20 years of experience, Fishbowl stands out for its scalability, affordability, and exceptional local support.

Key Features:

• Live Stock Visibility: Keep track of inventory levels in real-time across multiple warehouses to ensure accuracy and informed decision-making.
• Barcode-Enabled Processes: Boost operational efficiency by automating inventory tasks like picking, packing, and shipping with barcode scanning.
• Multi-Warehouse Support: Manage stock seamlessly across multiple branches, with real-time updates for transfers and availability.
• Automated Sales Orders: Simplify the sales process with automated order tracking, freight calculations, and discount management in one place.
• Accounting System Integration: Sync effortlessly with popular tools like QuickBooks, Xero, and Reckon for seamless financial and inventory management.
• Customizable Reports: Generate comprehensive reports on stock performance, sales trends, and operational insights tailored to your needs.
• User-Friendly Navigation: Easy-to-use interface paired with training resources ensures a smooth onboarding process for teams of all sizes.

Additional Features:

Fishbowl Inventory offers advanced capabilities such as manufacturing automation, returns tracking, and logistics coordination. With no limits on users, products, or locations, the software is designed to grow alongside your business. Its strong integration capabilities and local support make it a dependable solution for businesses of all sizes.

Pricing:

• Fishbowl Warehouse: Custom pricing based on business requirements.
• Free trial available with all functionalities unlocked for a hands-on experience.

User Reviews:

5. NetSuite

NetSuite Inventory Management is a comprehensive solution designed to streamline inventory operations. It provides businesses with real-time insights into stock levels across locations, enabling better decision-making and cost savings. From managing multi-location inventory to automating replenishment, the platform helps businesses maintain optimal stock while improving efficiency and customer satisfaction. With NetSuite, you can reduce stockouts, and minimize excess inventory.

Key Features:

• Live Inventory Tracking: Gain instant access to inventory data across all warehouses and locations, ensuring accurate stock management and fewer errors.
• Centralized Multi-Location Management: Oversee stock in multiple locations with ease, streamline transfers, and avoid surplus or shortages through predefined rules.
• Automated Stock Audits: Replace manual processes with automated cycle counting, keeping inventory records up-to-date and error-free.
• Smart Replenishment: Restock intelligently using demand forecasts, sales trends, and seasonal insights, ensuring just the right amount of inventory.
• End-to-End Product Traceability: Track inventory from suppliers to customers, maintaining transparency and meeting compliance requirements.
• Customizable Analytics: Generate in-depth reports to monitor stock performance, identify slow-moving products, and optimize inventory strategies.
• Integrated Order Fulfillment: Simplify sales and purchasing workflows with unified tracking for orders and deliveries, enhancing operational efficiency.

Additional Features:

NetSuite offers tools like Smart Count for seamless audits, omnichannel integration for unified commerce, and advanced analytics to improve decision-making. Its cloud-based infrastructure ensures secure and scalable access, with the flexibility to add modules and users as your business grows.

Pricing:

Contact NetSuite for a customized pricing plan and a free product demo.

User Reviews:

6. Brightpearl

Brightpearl by Sage offers an all-in-one inventory management solution tailored for multi-channel and multi-location operations. With a strong focus on automation, it streamlines inventory updates, demand forecasting, and order fulfillment, helping businesses achieve efficiency and growth. Brightpearl’s seamless integrations and reliable support make it an excellent choice for businesses aiming to simplify operations and adapt to market demands.

Key Features:

• Unified Inventory Tracking: Keep inventory synchronized across all sales channels and locations with real-time updates, ensuring accuracy and smooth operations.
• Smart Demand Forecasting: Make informed purchasing decisions with reliable forecasts based on sales trends, seasonal patterns, and supply chain data, avoiding stock shortages or surpluses.
• Multi-Location Insights: Generate accurate inventory forecasts for warehouses, stores, and fulfillment centers, optimizing stock distribution and transfers.
• Automated Order Processing: Automate order management, including routing, packing, and shipping, to streamline operations and reduce manual errors.
• In-Depth Reporting & Analytics: Access detailed reports and performance metrics to monitor inventory movement, sales trends, and overall profitability in real-time.
• Efficient Returns Management: Simplify the returns process with customizable workflows, ensuring faster restocking and an improved customer experience.
• Budget-Friendly Purchasing Plans: Use Open-to-Buy planning tools to allocate purchasing budgets effectively, reducing waste and enhancing financial control.

Additional Features:

Brightpearl integrates seamlessly with platforms like Shopify and Amazon, enabling businesses to connect and manage multiple channels effortlessly. Its tools optimize warehouse operations, from shelf space utilization to container loading, and support complex inventories with ease. Advanced analytics further empower businesses to make data-driven decisions that drive growth.

Pricing:

Contact Brightpearl directly for a tailored pricing plan that matches your business requirements.

User Reviews:

7. C2W Inventory Management Software

C2W Inventory Management is an all-in-one, cloud-based software designed to streamline stock tracking, automate reordering, and provide real-time insights. Tailored for small to mid-sized businesses, it simplifies operations across inventory, sales, and warehouse management. Key features include multi-location tracking, barcode scanning, and integration capabilities with leading eCommerce platforms.

Key Features:

• Real-Time Inventory Management: Stay updated with live stock levels across multiple locations. The system provides accurate data to minimize stockouts and overstocking.
• Automated Reorder Points: Set thresholds for inventory levels and receive alerts when stock runs low. Automate purchase orders to ensure uninterrupted operations.
• Barcode Scanning: Streamline stock tracking with barcode generation and scanning. Perfect for on-the-go management in warehouses and retail locations.
• Comprehensive Product View: Access detailed product information, including pricing, order history, and stock levels, all from a central dashboard.
• Multi-Location Support: Manage inventory across various warehouses, retail stores, and sales channels with ease, ensuring smooth operations.
• Smart Order Tracking: Track sales and purchase orders with detailed logs, ensuring timely fulfillment and accurate reporting.
• Integration with Business Tools: Connect seamlessly with Shopify, QuickBooks, Shippo, and other platforms to consolidate data and streamline workflows.

Additional Features:

C2W Inventory offers dynamic dashboards for real-time insights, customizable reporting tools for sales and inventory performance, and mobile-friendly solutions for warehouse management. With advanced automation and intuitive interfaces, it caters to diverse industries from retail to manufacturing.

Pricing:

• Basic Plan: $29/month 
• Entrepreneur Plan: $69/month 
• Small Business Plan: $119/month
• Mid-Size Plan: $189/month 
• Enterprise Plan: $389/month 

User Reviews:

Key Factors to Evaluate When Choosing Inventory Management Software for Australian Businesses

• Adaptability to Market Trends: Choose software capable of evolving with Australia’s unique market demands, such as the growth of eCommerce or shifts in supply chain practices.
• Addressing Geographic Complexity: Given Australia’s vast and remote regions, prioritize software with robust multi-location tracking and efficient warehouse management features.
• Integration with Local Tools: Ensure compatibility with popular Australian platforms like Xero, and MYOB, and local eCommerce marketplaces such as Kogan or Catch.
• Support for Local Currency and Taxes: Opt for software that handles multi-currency transactions and accurately calculates GST and other applicable taxes.
• Supply Chain Considerations: Look for tools that mitigate supply chain disruptions, manage supplier lead times, and streamline stock replenishment effectively.
• Meeting Customer Expectations: With Australian consumers valuing timely deliveries and seamless order fulfillment, software with real-time tracking and automated updates is a must.
• Seasonal Scalability: Assess how well the software accommodates seasonal peaks like Christmas, Black Friday, and EOFY sales with features to manage fluctuating inventory levels.
• Local Support and Training: Ensure the vendor provides localized customer support, onboarding, and training tailored to Australian business needs.

Conclusion

The right inventory management software can transform your operations, enabling your business to thrive in Australia’s dynamic market. By adopting solutions tailored to your unique needs, you can stay ahead of industry trends, meet customer expectations, and scale with confidence.

Whether you’re a startup, small business, or established enterprise, now is the time to invest in tools that ensure smarter, faster, and more efficient inventory management. Explore your options, start your journey, and position your business for sustainable success.