Shlomi Lavi /
Jul 09, 2022
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Bottom Line: Which is Better - My Inventory Online or NetSuite for Retail?
NetSuite for Retail is more expensive to implement (TCO) than My Inventory Online, and NetSuite for Retail is rated higher (96/100) than My Inventory Online (82/100). NetSuite for Retail offers users more features (10) than My Inventory Online (0).
Looking for the right Inventory Management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
My Inventory Online Vs. NetSuite
My Inventory Online: Back in 2010 when we decided to build My Inventory Online there was no shortage of online inventory systems around but we noticed a distinct pattern. All the solutions available were in one of two flavours:
Either they were simple and affordable but frustratingly lacked subtle features in flexibility such as:
Allowing stock to have multiple sup...
NetSuite:
NetSuite is the world's leading provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more.
More than 12,000 high-growth and midsized companies and divisions of large enterprises...
Who is more expensive? My Inventory Online or NetSuite for Retail?
The real total cost of ownership (TCO) of Inventory Management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for My Inventory Online and NetSuite for Retail.
My Inventory Online price starts at $19 per 2 users/month , On a scale between 1 to 10 My Inventory Online is rated 4, which is lower than the average cost of Inventory Management software. NetSuite for Retail accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 My Inventory Online is rated 4, which is lower than the average cost of Inventory Management software.
Bottom line: NetSuite for Retail is more expensive than My Inventory Online.
Which software includes more/better features?
We've compared My Inventory Online Vs. NetSuite for Retail based on some of the most important and required Inventory Management features.
My Inventory Online: We are still working to collect the list of features for My Inventory Online.
NetSuite for Retail: Bar Code Scanning, Credit Card Processing, Customer History, Customer Management, Discounts.
Target customer size
My Inventory Online's typical customers include: Small, medium and large size businesses, NetSuite Retail Management Suite is recommended for mid-sized firms as well as for nationwide organizations in the retail sector.