Megaventory & The Competition

  • Lynne Becera | January 2021 | Fact Checked Review

We review 3 of the top inventory management software solutions in the market. Rankings are based on user reviews, product features, user experience, implementation, and price.

Top 3 options are:

  1. Megaventory  – Pro plan $135 per month
  2. Netsuite  – base prices for a license start from $999 p/month
  3. Skubana – depends on your requirements but starts at approximately $1000 p/month

Megaventory was rated as number 1, let’s take a look at each solution in turn below: 

#1 Inventory Management System

Megaventory – $135 per month

After reviewing their product & online customer reviews Megaventory was our top pick, especially when it came to small to medium sized businesses. Megaventory have a uniquely customizable system makes inventory tracking a breeze across any industry. With ERPs, every integration requires time (Netsuite has some horror stories), and every deployment comes with a high risk of failure. Megaventory was the most agile in that respect.  

WHY Megaventory ARE #1:

  1. Inventory Management – Multiple Locations / Warehouses / Stores
  2. Order Fulfillment– Sales Orders from Clients directly, easiest user interface.
  3. Report Creation – Inbound and Outbound reporting was simple and flexible.
  4. Data Administration – Sophisticated user permissions that gave the best access to everyone in your organization.
  5. Manufacturing Tracking – Bill of materials tracking that connected manufacturing, orders & finance.
  6. Software Customization- Localized into multiple languages for cross-border commerce.


CONSIDERATIONS:

  1. Some reviews mentioned that Megaventory has Excellent support.
  2. If your business requires a highly bespoke enterprise solution then the cost can get high
Visit #1 | Megaventory Here

Customer Reviews

My team has beforehand and everywhere any information needed! For us, after 4 years it is the best and most versatile stock management system!
We are solving many problems at the same time. Now the work has been optimized and we can access the information any time. Also, we are saving lots of paper.
I love Megaventory because of its simplicity in the way it achieves the target. It helps me manage all the basic functions I need for our wholesale clothing business.
Book A Demo Here

2. Netsuite

Netsuite – base prices for a license start from $999 p/month 

NetSuite is, simply put, HUGE. It is the #1 enterprise software in the world and with size comes complexity. There are plenty of businesses of all sizes that love Netsuite, and plenty that don’t. Netsuite are a cloud ERP solution, providing a suite of applications, from accounting and financial planning, to warehouse management, ecommerce, inventory management.

One thing about NetSuite is engineered to scale with businesses as you grow and to streamline mission-critical processes. 

WHAT WE LIKED:

  1. Omnichannel experience
  2. Scalable integration
  3. Highly customizable (at a cost)
  4. Great reporting tools

CONSIDERATIONS:

  1. Cost – it can get really expensive, we read a lot of online reviews complaining about the cost vs other solutions. 
  2. Integration – again, a lot of complaints online from customers having long and arduous implementation cycles. 

3. Skubana

Skubana starts from $1000 per month, you’ll need to confirm costs after speaking with their sales consultant

Skubana suits small and large businesses, and businesses at any stage of growth. They are described as multichannel brands and high-volume marketplace sellers. They are a cloud platform that boosts (their words, not mine) that they “minimize storage costs, dead stock, stockouts, balances your inventory turnover ratio, and frees up capital”. Skubana suit multichannel brands and does a good job of establishing a holistic view of your sales data, fulfillment data, and automated supply chain management across most channels. 

WHAT WE LIKED:

  1.  Easy to manage multi-channel orders 
  2. Ability to integrate with sales channels and warehouses
  3.  Inventory tracking was solid

CONSIDERATIONS:

  1. Cost – although cheaper than Netsuite for most small businesses, it’s not the cheapest solution. If cost is a priority over customizability then you should consider Cin7

Our Conclusion

They all have pros and cons, but after careful review Megaventory was our top choice, they are one of the first to offer online inventory and order management. Megaventory’s inventory management System is modern, simple yet very powerful and precise cloud inventory management software.

Netsuite is amazing, but it’s a lot to implement, operate, and its price can be prohibitively expensive. Finally, Skubana is on our last spot due to their higher plan pricing although they have grown into a leader in marketing automation.

Our review is not meant to be exhaustive, these are complex SaaS products. But after careful review we do think Megaventory have an edge, especially for SMB’s looking for a cost effective solution. We recommend booking a consultation to learn more about which solution would suit you best. 

Visit #1 | Megaventory Here