What is inventory management software?

Inventory management software is a system that allows for tracking inventory levels, orders from vendors, sales, and delivery completions. It can include different features such as product categorization, automated reports, low inventory alerts, file attachments for vendor communication, route planning for logistics, etc. To serve its purposes, it needs to be integrated with other business systems related to supply chain, production, and sales, such as ERP software, accounting, etc.

What are the benefits of inventory software development solutions?

Developing an inventory system will digitize inventory management and open up a range of benefits: - High degree of automation and fewer errors. An inventory system will take the load of warehouse workers and inventory managers by automatically processing data and generating reports. Automation will also lead to fewer errors and inconsistencies. - Information accuracy of inventory management. Thanks to automation and having all the data consolidated in one system, companies can reach greater accuracy on inventory levels, information on sales channels, and so on. - Automated alerts. Notifications about low inventory levels can save companies when there are unexpected changes in the supply chain. - Forecast predictions and other insights from data. An inventory management system powered by AI can analyze previous patterns to come up with demand predictions. Businesses can use these insights to build more sustainable relationships with suppliers and improve their sales strategies. - Smooth integration with hardware and software services. When an inventory solution is integrated with barcode scanners, RFIDs, or computer vision, it’s easier to gain full visibility over your inventory. Ultimately, these benefits lead to reduced costs on business operations, improved relationships with vendors, dealers, and intermediaries, and increased customer satisfaction.

How much does it cost to build a custom inventory management system?

The cost of development services will depend on the complexity of your project and the hourly rates of hired developers. To give you an idea, a custom inventory management system will cost around $100,000 for a mid-size company and around $300,000-400,000 for an enterprise. Talk to an experienced inventory software development company to understand what factors influence the cost. Schedule a free introductory call with us, and we’ll go through possible project estimates, as well as possible cost-cutting solutions for your inventory development services.

Why does it make sense to build a custom solution instead of using existing inventory management software?

There are plenty of off-the-shelf inventory management software solutions, but you’ll never reach full customization with them. Custom development will allow you to tailor the system to your particular processes and include only those modules and features that you actually need. On top of that, you’ll be able to scale the solution up or down, introduce new features, modify the design, or incorporate other changes at any given moment. Only a dedicated team that handles custom development will flexibly adjust the inventory management project to your needs.

Inventory Management Software Development Company

Want to optimize inventory management and have a flexible system integrated into your ERP system or other software? We’ll help you build an effective solution for monitoring inventory levels and aligning them with demand.

200+
Delivered projects
19+
Years of business excellence
4.9
Review rate on Clutch

Why work with our inventory management software development company

20+ years of trust

Binary Studio has been building software solutions for over two decades, helping businesses enhance their operations, get more out of their data, and increase customer satisfaction. We know what it takes to create modern, engaging inventory management software.

Top 0.5% of developers

We only employ the best development experts who are passionate about technology and can dive deep into business objectives to understand every product they work on. Your inventory development project will be in good hands.

True flexibility in development

We follow the principles of Agile methodology and always remain flexible. You can review the inventory management software we’re building regularly, prioritize features, or suggest changes when they are needed.

Our inventory software development services

Inventory management software consulting

We’ll help you shape your solution, decide on the best-fitting tech stack, and craft an architecture for an inventory management system tailored to your business.

Custom inventory management software

We’ll build inventory management software that includes any modules and integrations you need, be it predictive analytics, barcode scanning, or connection to a supplier portal.

Inventory management app development

We’ll help you create intuitive applications in addition to the main inventory software, letting your employees easily monitor inventory levels, scan items, or share reports.

Inventory management system integration

It’s crucial to integrate an inventory solution with accounting software, CRM and ERP systems, and supplier portals. We’ll ensure smooth integration with any range of third-party platforms.

AI/ML inventory development

We can leverage AI/ML algorithms to empower your inventory management system with trend forecasting, data analysis, voice search, automated order placement, and other features.

IoT inventory management software

As an inventory management software development company, we can help you create IoT-based solutions that allow for real-time data collection and route planning.

Binary Studio’s awards

On the B2B platform Clutch, we’re featured among the best service providers in multiple categories. For instance, we’re named as the most reviewed IoT company and are included among the best providers for small businesses.

The process of building custom inventory software

When you cooperate with a development company, you’ll typically go through several stages, from analyzing your needs to deploying the ready-to-use system.


1	Requirement gathering	We’ll talk about your business goals, existing software, as well as the desired timeframe and budget for the development.	1-2 weeks	Head of PMO Delivery Manager
2	Project planning and team assembling	We’ll provide you with expert developers and other specialists required for your project and outline the process that we’ll be following.	1-2 weeks	Head of PMO Project Manager
3	Inventory management system development and testing	Our inventory management software developers and testers will build your solution according to your requirements and vision, presenting you with working versions every few weeks.	2-3 weeks	Design Team
4	Integration with other systems	We’ll connect your inventory management software to other solutions you’re using for accounting, resource planning, supplier communication, and other purposes.	Project lifetime	Development Team
5	Post-release maintenance	We can extend our cooperation and continue monitoring your solution to fix any occurring issues or add new features and integrations.	Project lifetime	Support Team

Want to digitize inventory management?

Trust your project to our company with 20+ years in software development!

Choose a date and time

Our successful development cases

Over the years, we’ve integrated inventory management modules into different solutions for businesses operating in healthcare, real estate, and other industries. You can check out some of our success stories:

View more case studies

Industries that can benefit from inventory management software

Healthcare providers

By partnering with an inventory management software development company, hospitals and health-related businesses can build a more sustainable medical supply chain.

Real estate

Construction companies can drive growth and reach transparency by building a custom inventory management solution that tracks different suppliers and covers logistics services.

Hospitality services

Hotels and other establishments can improve their daily operations with software that reduces manual errors and offers automated alerts about low inventory levels.

Retail and e-commerce

Inventory software development services are an absolute need for retail companies that want to avoid mismatched orders or unsynchronized information on item availability.

Need a reliable partner to build an inventory system?

We know how to build a cost-effective, flexible, and secure inventory solution!

Choose a date and time

“

One thing that continues to impress us is the exceptional quality of engineers that Binary Studio is able to provide us

Mark Volkmann - CEO /

Massage Book

Watch video

“

Binary Studio has really been pivotal in FanAngel's success

David Burton - CEO /

FanAngel

Watch video

“

Binary Studio is an ideal software development partner and our experience working with them has been fantastic

Pascal Desmarets - Founder & CEO /

Hackolade

Watch video

Mark Volkmann

CEO / MassageBook

Charleston, SC

David Burton

CEO / FanAngel

San Luis Obispo, CA

Pascal Desmarets

Founder & CEO / Hackolade

Brussels, Belgium

Who needs custom inventory management software

Manufacturers

Businesses that produce goods in agreements with different dealers can greatly benefit from a custom inventory management solution that automates communication, report creation, and analytics. It will streamline their services and make the production more sustainable.

Companies that deal with sales

Inventory management application development can be a lifesaver for sales, as an inventory system will help track orders from different vendors and predict consumer demand to align strategies with it.

Large enterprises

The more data, software systems, and inventory items a company has, the more pressing the need for a custom inventory solution. Thanks to custom development services, enterprises can reduce manual labor and improve strategic decisions.

Our inventory management development tech stack

HTML
CSS
JavaScript
Vue
React
Angular
Electron

Node.js
.Net
PHP
Java
Python
Go

IOS
Android
Swift
Flutter
React Native
Xamarin
Cordova
PWA

Cyrpess
Selenium
Playwrite
Puppeteer
Mocha
Chaj
Jasmine

SQL Server
MySQL
PostgreSQL
MongoDB
SQLite
Azure SQL
Amazon RDS
Google Cloud SQL

Express.js
Fastify
Laravel
Symfony
CakePHP
Ruby on Rails
Django
Flask

AWS
Azure
Google Cloud
Digital Ocean

Docker
Kubernetes
AWS Dev Tools
Azure DevOps
Google Dev Tools
Jenkins

Inventory management software development services FAQ

What is inventory management software?

Inventory management software is a system that allows for tracking inventory levels, orders from vendors, sales, and delivery completions. It can include different features such as product categorization, automated reports, low inventory alerts, file attachments for vendor communication, route planning for logistics, etc. To serve its purposes, it needs to be integrated with other business systems related to supply chain, production, and sales, such as ERP software, accounting, etc.
What are the benefits of inventory software development solutions?
Developing an inventory system will digitize inventory management and open up a range of benefits:
- High degree of automation and fewer errors. An inventory system will take the load of warehouse workers and inventory managers by automatically processing data and generating reports. Automation will also lead to fewer errors and inconsistencies.
- Information accuracy of inventory management. Thanks to automation and having all the data consolidated in one system, companies can reach greater accuracy on inventory levels, information on sales channels, and so on.
- Automated alerts. Notifications about low inventory levels can save companies when there are unexpected changes in the supply chain.
- Forecast predictions and other insights from data. An inventory management system powered by AI can analyze previous patterns to come up with demand predictions. Businesses can use these insights to build more sustainable relationships with suppliers and improve their sales strategies.
- Smooth integration with hardware and software services. When an inventory solution is integrated with barcode scanners, RFIDs, or computer vision, it’s easier to gain full visibility over your inventory. Ultimately, these benefits lead to reduced costs on business operations, improved relationships with vendors, dealers, and intermediaries, and increased customer satisfaction.

How much does it cost to build a custom inventory management system?

The cost of development services will depend on the complexity of your project and the hourly rates of hired developers. To give you an idea, a custom inventory management system will cost around $100,000 for a mid-size company and around $300,000-400,000 for an enterprise. Talk to an experienced inventory software development company to understand what factors influence the cost. Schedule a free introductory call with us, and we’ll go through possible project estimates, as well as possible cost-cutting solutions for your inventory development services.
Why does it make sense to build a custom solution instead of using existing inventory management software?

There are plenty of off-the-shelf inventory management software solutions, but you’ll never reach full customization with them. Custom development will allow you to tailor the system to your particular processes and include only those modules and features that you actually need. On top of that, you’ll be able to scale the solution up or down, introduce new features, modify the design, or incorporate other changes at any given moment. Only a dedicated team that handles custom development will flexibly adjust the inventory management project to your needs.