Running a beauty or wellness business is no small feat. But the right tools make it easier – and that includes inventory management software. 

Forget the headaches you get dealing with manual tracking, stockouts, and overstocks. Let tech handle it instead. Integrated software tracks every item in your inventory so you can give clients the products they want, when they want them.

Here’s how inventory software can benefit your business, along with the best small business inventory software.

What Is Inventory Management Software?

Inventory management software is like a digital stock assistant that monitors your products, supplies, and sales trends. Just input inventory information – manually or through barcode scanning – and let the tool track everything for you. 

If you’re looking to save time, stay organized, and meet demand, inventory software is a must-have. It helps you keep tabs on all the products you stock as well as also automate tasks like reordering. You never have to scramble for last-minute shipments or struggle to find space for excess stock again, whether you’re juggling skincare products or salon tools.

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3 Benefits of Inventory Management Software

Inventory management software doesn’t just track your stock levels. It totally transforms how you run your self-care business. 

Here are three fabulous benefits to know:

1. Overstock Prevention

Nothing’s worse than shelves full of products that won’t sell. They take precious space and tie up hard-earned cash. 

Inventory software helps you dodge overstocks by giving you real-time insights and setting automatic reorder points, which means you don’t have to place orders yourself. The system tracks what’s moving and orders accordingly so you only keep necessary items on hand. 

You won’t have a bunch of items sitting around collecting dust – just the fabulous goodies your clients can’t get enough of. Plus, avoiding overstock means perishable items, like skincare products, are less likely to spoil. It’s a win-win for your customers and your bottom line.

2. Better Forecasting

Want to stay ahead of trends and keep best-sellers in stock? An inventory management system makes it easy to predict what will fly off the shelves and when. By analyzing sales data and spotting patterns, you can plan ahead for busy seasons, hot new products, or any trends taking off in the self-care world.

With better forecasting, it’s easier to optimize purchases so you always have what your clients want in stock. No more guesswork – just smart, data-driven decisions that help you meet demand.

3. Improved Profits

Inventory management software doesn’t just streamline stock tracking. It also helps you cut unnecessary expenses. By automatically monitoring stock levels in real time, you can avoid costly mistakes like over-ordering or paying extra for rush orders. With more precise inventory control, you save a pretty penny on storage costs and shipping fees.

Inventory software also boosts sales. Say your client’s skin is glowing after their facial, and they want to purchase the luxurious serum you used. You’ll know you have it in stock because the software tracks inventory levels and reminds you to reorder on time. You can make that sale and keep the profits rolling in.

8 Best Inventory Management Software for Small Beauty and Wellness Businesses

Wondering which inventory systems for small businesses are the best? Here’s a list of our top picks:

1. GlossGenius

Say goodbye to juggling multiple systems and hello to streamlined efficiency. GlossGenius is an all-in-one platform for beauty and wellness businesses. We combine client management, point of sale, and inventory management features all in one place so it’s easier than ever to keep your biz running smoothly. 

GlossGenius’ inventory management tools automate inventory tracking and send you low-stock alerts so you never run out of best-sellers. Plus, you can generate reports on demand to help you track growth. You can get all this and more for as little as $24 a month – what’s not to like about that?

Sign up for a 14-day free trial with GlossGenius! 

2. Zoho Inventory

Zoho Inventory is a versatile inventory management solution that caters to a variety of industries, including beauty and wellness. With features like stock tracking, order management, and customer and vendor portals, it helps you keep your inventory organized and make sales. 

Zoho has a free plan that supports up to 50 purchases a month. If you need to make more sales, you’ll have to opt for one of its paid plans, which start at $29 per month. It’s great for e-commerce businesses – but if you make most of your sales in store, it might not be the right option for you. 

3. Vagaro

Vagaro is a popular choice among beauty and wellness professionals. Its inventory management features track stock levels, automate reordering, and manage loyalty programs. Plans start at $30 a month, but keep in mind that you may have to pay extra for additional features like e-commerce capabilities.

4. Lightspeed

Lightspeed offers inventory management software solutions for all kinds of retailers. And like Vagaro, Lightspeed helps with inventory tracking and automatic reordering. It also offers a B2B interface that makes it easy to find and manage suppliers. But pricing starts at $89 per month, which makes it less than ideal for new and smaller businesses or solo professionals.

5. Mangomint

Mangomint’s salon and spa software offers retail features such as inventory tracking, purchase order creation, and sales reports. Plus, you can access features like booking and client management on the same platform, which makes Mangomint a super convenient option.

The catch is that Mangomint’s pricing is steep – plans cost between $165 and $375 a month. If your business has a limited budget, you may want to explore other options.

6. Meevo

Meevo’s salon and spa management software is a one-stop shop for inventory and client management needs. You can track stock levels, reorder inventory, and analyze sales all from a single dashboard.

Meevo’s pricing is also on the higher side. Plans range from $139 to $529 or more each month, depending on how many users you need to add. If you run a multi-location beauty empire, Meevo might be worth the investment, but small businesses are better off with a more affordable option.

7. Square

Square started out as a payment processor, but now it offers other features – including inventory management. With Square’s free basic plan, you can get a point-of-sale (POS) system and a few simple inventory tracking tools. But if you want to track sales, manage vendor relationships, or generate inventory reports, you need to upgrade to Square Plus for $89 a month.

Bear in mind that Square isn’t specifically optimized for self-care businesses. While it offers useful inventory management tools, it lacks some features you might need, like product-specific insights. If you go with Square, you may need to pair it with another software to cover all the basics.

8. Booksy

Booksy is primarily a booking platform for beauty professionals. With Booksy Marketplace, you can showcase your services and manage appointments. It also offers some basic inventory management features, like tracking and restock alerts. Booksy’s plans start at around $30 a month. 

3 Factors to Consider Before Implementing Inventory Management Software

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Before taking the plunge and paying for software, let’s chat about a few key factors you should think about first.

1. Inventory Complexity

First things first – how complex are your inventory needs? If you’ve got a dazzling array of products with different categories, sizes, and colors, you’ll want software that can keep up. 

Also, consider how quickly your inventory turns over. Do you need to make large or frequent orders? Is managing your supply chain as chaotic as herding cats? The right software should save you time, slash costs, and help you keep customers happy. Opt for a solution that keeps everything in check.

2.  Software Costs

Let’s talk dollars and cents. Inventory software pricing varies wildly, so determine your budget and look for options that deliver the best bang for your buck. 

Make sure you understand what features come with each pricing tier so you don’t end up paying for extras you won’t use. And read the fine print – if there are additional fees, you’ll want to know about them ahead of time.

3. Ease of Use

Last but definitely not least, consider how user-friendly the software is. You want something your team can pick up quickly without needing a Ph.D. in tech. An intuitive interface saves tons of headaches. Don’t waste precious time figuring out how to navigate your software when you could be busy pampering clients and growing your business.

Manage Your Inventory Effortlessly With GlossGenius

Inventory management software is an absolute game-changer for beauty and wellness businesses. It keeps your shelves stocked with the products your clients adore while saving you time and money. Sounds fabulous, right?

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With GlossGenius, you can streamline inventory management like never before. Our all-in-one platform is packed with inventory tools and compatible features like Online Booking, Reports & Analytics, and Client Management. Plus, our new barcode scanning feature makes tracking inventory a breeze. Sign up for a free trial today.