Best Material Management Software for Your Business in 2023
Best material management software is Vyapar, LeeHost, and TallyPrime. These material management systems streamline the functionalities related to inventory and warehouse management.
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List of 20 Best Material Management Software
Category Champions | 2023
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All your accounting needs will be taken care by this ERP accounting software. Filling GST, releasing salaries of your employees, keeping a track of leave and bonus and various other finance-related tasks can be performed with no-error. You can go for a free ERP software demo for a thorough understanding of its modules. Read TallyPrime Reviews
Starting Price: Available on Request
Recent Review
"Very best softare in my view but some measure have to be taken in order make it perfect ." - Arpit mishra
| Pros | Cons |
|---|---|
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It's simple to operate on Tally and it's effective on daily basis use. |
my experience of over two years, I didn't dislike anything. |
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It helps you manage accounting & payroll. |
It is Not User-Friendly. |
Category Champions | 2023
Vyapar is the simplest GST ready Accounting, Invoicing and Inventory management software. It's made completely for a businessman, you don't have to waste time learning it. Just start managing your business digitally like before even with no Accounting knowledge. Read Vyapar Reviews
Starting Price: Starting Price: $39.99 Device/Year
Recent Review
"Review for Vyapar" - Junaid Ahmad
| Pros | Cons |
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Some additional pros of using accounting software for small businesses include:It can automate repetitive tasks such as invoicing, payments, and reconciling bank statements.It can provide real-time visibility into financial performance, allowing you to make more informed business decisions.It can help you stay compliant with tax laws and regulations by generating the necessary reports and forms.It can also integrate with other software such as point-of-sale systems, making it easy to track inventory and manage customer information.It can save time and increase efficiency by streamlining financial processes and reducing the need for manual data entry. |
It has a learning curve and the initial learning process may take some time, but this may not be an issue for experienced accountants |
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Experts say |
Skills Development |
High Performer | 2023
The Complete Business Management Software for SMEs
An integrated bussing accounting and management solution, BUSY is a one-stop solution for your financial and payroll needs. It offers multi-location inventory, multi-currency support, order processing capabilities, and helps you make informed decisions. Moreover, it is best suited for the FMCG, retail, manufacturing, trading, and distribution businesses. Read Busy Accounting Software Reviews
Starting Price: Starting Price: $100 Per Year
Recent Review
"User friendly " - Pawan Sharma
| Pros | Cons |
|---|---|
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On line services required. |
Trade specific features needs improvement |
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From the software itself we are in the position of priniting thre payment cheque . |
User Interface can be good |
Category Champions | 2023
GST Billing software with Inventory & Accounts
Simple Billing software with complete inventory and accounts modules. It's fast, reliable and easy to maintain. Ideal for businesses that have a large number of invoices and deals in 100's of SKU's. Typically used by distributors, retailers and small manufacturers. Read Horizon ERP Reviews
Starting Price: Starting Price: $191.75 One Time
| Pros | Cons |
|---|---|
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no impressive |
avoid fake selling |
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No beneficial,worst software i have ever seen in my life. |
each and every part of horizon should improve. |
High Performer | 2023
A comprehensive Point of Sale (Torqus POS) & Inventory Management Software (Torqus SCM) for QSRs, Food Chains, Casual/ Fine Dine Restaurants, Bars, Pubs, Lounges, Night Clubs, Pizza Chains, Cloud Kitchen/ Night Kitchen/ Delivery Kitchen, Bakery, Cake Shops, Cafes etc. Read Torqus POS Reviews
Starting Price: Starting Price: $208.33 Per Year
| Pros | Cons |
|---|---|
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This is now Dineout POS. I didnt find anything apart from the people . Yes they talk to you nicely but what's the use when software is not working as it suppose to be! |
MPOS |
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Its one-point connectivity all the POS installed and centralized data bank which provides all the details in a real-time system. It helps in decision-making and the items to purchase on time. |
Its interface can be viewed as per the user's required options. All options are visible at POS sometimes creates issues with the data entry of the user. |
Contenders | 2023
Astral Inventory Management System manages multiple location branches from single Location, Build Using Latest technology for flexible working and compatible with Tablets, smartphones, Desktop and Laptop. It gives complete control over Purchase, Stock and Sales of goods as well as provides exact status at any given point of time. Read Astral Inventory Management System Reviews
Starting Price: Available on Request
Recent Review
"Recommendable product for Inventory tracking" - Dharmendra Goratela
| Pros | Cons |
|---|---|
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User friendly system with all the process are covered, easy to track my inventory, monitoring of all activity are possible, individual department working can be easily managed, reports has helped us a lot for decision making and all our processing have be |
NA |
Category Champions | 2023
Always one step ahead in serving the Hospitality
Microgenn Hotelier HMS is a true turnkey solution in that it quickly deployed, rapidly implemented and ready to usable. This way, the transition to the software does not interrupt operations. Read Microgenn Reviews
Starting Price: Available on Request
Recent Review
"Friendly Interface" - Abhilasha Kale
Category Champions | 2023
Zenscale provides cloud-based, fully modular and cost-effective payroll, financial accounting, production planning and material management software solutions to SMEs. Zenscale offers the next level cloud-based business solutions that automate the time-consuming business processes furthermore increase the productivity. Read Zenscale Reviews
Starting Price: Starting Price: $10.42 Per Month (Starting)
Recent Review
"Easy, flexible, dumb proof, not expensive " - Anuj
| Pros | Cons |
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It's dumb proof, easy and not expensive. |
Nothing that I can remember |
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Easy to use |
The colours should be customizable too |
Category Champions | 2023
Online Inventory / Materials Management
Online inventory/material management solution for small businesses to large enterprises. Part of EAMbrace suite of enterprise applications like Asset Management, Procurement Management, Computerized Maintenance Management and Compliance Management. Read EAMbrace Inventory Management Reviews
Starting Price: Starting Price: $4166.67 Per Year
Recent Review
"Appropriate inventory management software with multiple features " - Anuj Garg
| Pros | Cons |
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The software is highly effective and worthy to use, it holds the best functionality. The software is deft to cater all management requirements. It manageable workflow with its simple mobile interface which helped us boost productivity. |
It is not supportive on windows and blackberry platform. |
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We found it really impressive and easy to use; it not only supplies all the inventory management requirements of our company but also managed other management tasks well simultaneously. The app is endowed with the best quality features to make it worth us |
Not supportive of the web app or Blackberry phones. Weak tutorials. |
Contenders | 2023
TICK, an exclusive Production ERP is India’s first pre developed plug n play production ERP with tally integration, It has been specially designed for those MSMEs which uses accounting software like Tally, Busy etc and needs to care their manufacturing related operations. Read Tick Software Reviews
Starting Price: Starting Price: $486.11 One Time
Recent Review
"production ERP softwares" - shivam tyagi
| Pros | Cons |
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Budget software |
NA |
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User friendly software. |
Nothing. |
High Performer | 2023
Medico Samples,Gifts & Promotional Inputs Software
Excel specializes in Sales and distribution, logistics planning, secondary sales, product management, Sample and Gifts distribution and allied modules for the pharmaceutical industry. We have over 18 years of experience in Pharmaceutical enterprise software systems. Read Medico SG (Samples & Gifts) Reviews
Starting Price: Available on Request
Recent Review
"The interface is quite user-friendly" - Jyanti Bikadiya
Contenders | 2023
Web based closed based management software
Good Books Maintenance Software used to maintenance is highly critical, have a maintenance department. This can be either internal to the organization or can be an external contractor or a combination of these. Read GoodBooks Maintenance Software Reviews
Starting Price: Available on Request
Recent Review
"Best " - Madhav Malik
| Pros | Cons |
|---|---|
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Everything is nice about it |
Everything has some problems but this website is best |
Emergents | 2023
Restaurant SCM|Recipes|Stocks|Procurement|Reports
A comprehensive Point of Sale (Torqus POS) & Inventory Management Software (Torqus SCM) for QSRs, Food Chains, Casual/ Fine Dine Restaurants, Bars, Pubs, Lounges, Night Clubs, Pizza Chains, Cloud Kitchen/ Night Kitchen/ Delivery Kitchen, Bakery, Cake Shops, Cafes etc. Read Torqus SCM (Inventory Management) Reviews
Starting Price: Starting Price: $25 Month/Outlet
| Pros | Cons |
|---|---|
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waste staff and all staff members |
never solved any error before a week |
Category Champions | 2023
FactsERP is an on-premise enterprise resource planning (ERP) solution suitable for large and midsize organizations. FactsERP features part-number inquiries, sale tracking, order registration and integrations with supplier portals. Read FactsERP Reviews
Starting Price: Available on Request
Recent Review
"Software solution" - Gafoor
| Pros | Cons |
|---|---|
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economical when compared with Microsoft dynamics and Oracle and exactly like SAP. |
they are reluctant , they dont give core system on web based. |
Category Champions | 2023
LeHost is Client Server Technology embedded hotel software with integrated modules to cater different departments like front desk, Housekeeping, Restaurant POS, Materials Management, Central reservation systems. Read LeHost Reviews
Starting Price: Available on Request
Recent Review
"LeHost " - Sony Sam
| Pros | Cons |
|---|---|
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Feature Rich |
Integration and Cloud |
Contenders | 2023
Datascan Information systems is a Pune, India based integrated software solutions provider specializing in the field of customized Enterprise Resource Planning (ERP) software for small to medium scale manufacturing (SMEs) and trading companies. Learn more about ClarityERP
Starting Price: Available on Request
Emergents | 2023
All-In-One Exclusive ERP for Pharma Companies
SPINE BMS has every feature one would ever need to manage a Pharmaceutical company efficiently. SPINE BMS is highly user friendly, available as SAAS over the cloud, easy to customize and meets all important regulatory requirements of the Pharmaceutical industry. Learn more about SpineBMS
Starting Price: Available on Request
Emergents | 2023
CRM|Loyalty|Material Management|OrderOnline|Report
Torqus brings to you its online ordering site and apps module which has been created to jump start your restaurant or F&B outlets. The module allows you to setup your own online food ordering site in a few simple steps. Learn more about Torqus Online Ordering
Starting Price: Starting Price: $27.78 Month/Outlet
Emergents | 2023
Create and track inventory practice WebTMA's Materials Management module to efficiently and completely manage your materials. Parts and element are simply issued to work system or accounts. It is a quickly track the position of your parts and materials creator. Learn more about TMA Systems
Starting Price: Available on Request
Emergents | 2023
The Materials Management element of the Compiere open source ERP business solutions software addresses a broad range of concern around your element inventory: products, inventory receipts, price lists, movements, shipments, and counts within a company, its system, as well as to and from suppliers and client. Learn more about Compiere
Starting Price: Available on Request
Recent Review
Until 31st Mar 2023
What is Material Management?
The raw supplies have to be procured and handled with care. They also have to be stored, packaged, and transported on time. This process requires organizational skills and control mechanisms. Modern firms depend on material management software to coordinate these activities.
The managers have to ensure uninterrupted supplies for manufacturing efficiency. The output of one department is the raw material for another. Thus, material management should be crucial throughout the value chain. Whether they use the software or not, inventory control is the basis for sustainable growth. Besides, store locator management and material handling should also be competent.
The managers also recruit, train, and place a capable workforce. This vital function in the supply chain can make or break a product. The materials software improves supply chain efficiency, communications, and coordination.
For example, construction material management software is very beneficial to streamline operations, increase revenues, and accelerate project tasks.
Inventory or material management software is a versatile product. It tracks and manages the materials in the supply chain. Today, with the collaboration of automation processes, one can work towards reducing wastage and improving productivity by using the best material management package. The machines, tools, and materials in the warehouses and factory sites will come under the monitoring process of this software.
All the company's assets will be tracked and organized. The materials software also helps in the efficient distribution of these resources. The supply chain functions become more streamlined and secure. Various industries and trades manage their inventory using these effective, automated tools.
A bill of materials is vital for assembly-line manufacturers. Irrespective of the industry, various parts are purchased and listed. The raw materials get quantified, numbered, stored, and supplied by a team, in the manual process. A bill of materials software automates these tasks during various manufacturing stages.
Automating the bill of materials(BOMs) speeds up production and reduces errors and accidents. A top-rated raw material management software produces efficient BOMs. They can define the materials during the design, sales, development, and maintenance phases.
The software is also useful in cost determination, planning, assembling, and product sales. The automated processes enhance the quality of supply chain management. Enterprises that aspire for superior products rely on the software for management. They extract peak performance from the manufacturing processes without comprising the structure or composition of their products.
Types of material management software
Material management software can be categorized based on the industry. Its applications are broad in construction, manufacturing, oil and gas, mechanical works, and public utility services. Construction material management software is divided based on periodic and perpetual management.
Smaller firms rely on periodic management. This strategy requires constant adjustments, and it leads to material and scrap losses. Whereas, the continuous maintenance of stock records is technologically-intensive and more efficient. Other common variants of this software are;
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The material resource planning software manages manufacturing processes. You can plan the production and deliver as per your schedules. You can manage or automate the purchases for efficient inventory.
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The bill of materials software assists engineers and manufacturers. It also helps supply chain managers using data analysis and real-time inputs. This software enhances the quality of collaboration.
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The raw material management software offers some of the best tools to assure smart inventory management with the help of high-quality metrics. Stock safety and levels are ensured through accurate calculations.
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The material inventory software tracks both direct and indirect materials. If stocktaking takes too long, you can reconfigure it for perpetual inventory workflows. It facilitates just-in-time manufacturing to lower costs.
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The building materials software is a business management tool, which helps the suppliers increase their profits and capacity without increasing overhead. The software integrates various processes like distribution, manufacturing, warehousing, and point of sales.
Benefits of having a material management software
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The material management system software is efficient and more productive.
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It ensures ease of operations by enhancing coordination and communications.
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The material tracking software significantly lowers inventory costs.
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You can maximize your sales and profits by using automated processes.
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The building materials software integrates well with other business activities.
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Storage, delivery, and accounting become more reliable and organized.
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The material inventory software automates routine and manual tasks.
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Saves time and energy and also eliminates the human error incidence.
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The project gets completed on time due to the material planning software. This sustained efficiency increases customer satisfaction, reduces returns, and overflow of materials.
Points to keep in mind while purchasing material management software
The best construction material management software is feature-rich. It will track the materials and quickly locate them on time. You can maintain healthy inventories and restock without any losses. To accrue these benefits, purchase the best software using these criteria;
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Choose a comprehensive ERP solution if you have a large organization. For small and medium businesses, there are other inexpensive software tools.
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Check the material management system software for compatibility. It should ideally be available both as an offline system and an online service.
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Cloud-based solutions have their pros and cons. Look deeply into these advantages and disadvantages before you choose.
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An efficient material management system has a barcode assistant. This feature is usually available with premium and enterprise-level software.
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The material tracking software should forecast inventory levels. It also sends out timely alerts to highlight inventory fluctuations.
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The first-grade software will have advanced reporting tools. You should also be able to carry out sophisticated data analytics.
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Manufacturers would benefit from material tracking features. They will help to track the components as well as finished products.
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Reliable material management tools will have an accounting plugin. It also facilitates inventory syncing capabilities for multiple devices.
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The high-end products should facilitate software integration. There should be additional modules for sales, customer relationship management, HR, Financing, and Distribution.
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The ability to monitor machine and worker activities is a bonus. An automated reordering process is also a desirable feature in the software.
The industry of Material Management Software
The material management system software industry grows every year. In the year 2017, the prediction for the market was at over US $ 2 billion. The compounded annual growth rate(CAGR) prediction from 2018 to 2024 was at 6%. This accelerated growth augurs well for both the sellers and the customers.
The new trends in the material management system also show an increase in software adoption for smartphones and mobile devices.
The changing nature and scope of e-commerce is also a significant factor. The software developers are releasing more innovative material management tools. The retail product designs focus on enhanced UI/UX. The software is also getting integrated with social media, offline, and online stores.
The smaller firms gain immense benefits from the latest software development. The bill of materials software for small businesses reduces their losses. It helps in better stock management and maintenance of quality supplies.
Technology mitigates product wastage, losses, and process inefficiencies. A switch to a simple bill of materials software can benefit a small firm. Calculation errors and human mistakes will get eliminated. Whereas, signature features like barcode tracking are utilized across the supply chain by larger firms.
The industry also focuses on delivering improved and more capable software. The regional demands have factored in to increase the sales of such software. Small and medium enterprises are also the target audiences in this cut-throat competitive market.
The manufacturing bill of materials software has also gained a lot of traction. New developments like IoT, Industry 4.0, cloud services, and Big Data are also helpful. The software developers analyze the growth of the manufacturing sector to release more sophisticated software tools.