The fiercely competitive hotel industry demands efficient hotel inventory management which necessitates the implementation of a robust Hotel Inventory Management Software. Hotel inventory management systems play a pivotal role in enhancing profitability and guest satisfaction by automating hotel operations such as stock tracking, updating inventory in real-time, and seamless integration with other systems. 

As you read further you will know more about the features, functionalities, and the top five Hotel Inventory management softwares disrupting the market. 

All about Hotel Inventory Management Software

Hotel inventory management systems are responsible for overseeing all tangible goods, materials, and products that a hotel needs for its smooth operation.

Whether it’s linens or food and beverages, efficient inventory management makes sure that these items are available in the right quantity at the right time.

As a result, inventory management not only contributes to reducing stock wastage, but also ensures a hotel has everything that guests need. Since manual tracking can lead to errors, hoteliers have shown an increased traction towards automated inventory management systems. 

Important Aspects to Search in Hotel Inventory Management Software

Automation

It is paramount to look for a system that automates inventory management by digitising the process of inventory tracking and updation, thereby reducing errors. 

Real-time Updates

Before making your decision, be sure to choose a system that updates the inventory levels in real-time to lower the risk of over stocking or stockouts.  

Simplicity

In the context of inventory management systems, simplicity refers to a user-friendly and intuitive interface that is easy to use without the need for extensive training.  

Integration

The inventory management software should seamlessly integrate with other systems like accounting software, pos system for hotels, as well as PMS solutions.  

Analytics

With the assistance of advanced analytics, hoteliers can dive deep into problems, track usage patterns, predict future needs, along with effective cost-management. 

The 5 Best Hotel Inventory Management Software

Revivo’s Hotel X 

Hotel X takes a leap above all other players in the market by being one of the first hotel inventory management systems driven by AI algorithms.

Powered by its AI order book, hotels can effortlessly manage purchase orders which also suggests quantity and vendors based on the previous order feedback.

Additionally, hoteliers can simplify vendor management by generating multiple purchase orders with just one-click, thereby saving time and reducing manual errors. To make the process even smoother, Revivo also offers staff training and support.  

Siteminder

Siteminder boasts a user-centric interface that makes it easy for the hotel staff to manage room inventory, rates, and availability in real-time.

Apart from this, the software also offers seamless integration and detailed analytics that help hoteliers make informed decisions, while boosting revenue, occupancy, and presence.

Backed by automation, it also delivers rate parity monitoring and channel management to reduce the burden on the hotel staff by ensuring accuracy, which makes it a good hotel inventory management software. 

Cloudbeds

The Cloudbeds is a comprehensive hotel inventory management solution, equipped to deliver real-time availability updates, automatic rate adjustments, and channel management.

It is capable of integration with both booking channels and payment gateways, which elevates the booking process for guests and staff alike.

In addition, the system’s top-notch functionality and in-depth reporting make it a top choice for hotels seeking to streamline their inventory management process. 

Rategain

With real-time room availability, pricing management, and user-centricity, Rategain stands amongst the top five hotel inventory management softwares.

Not only does it allow for seamless navigation and customisation, but it also makes it extremely simple for hoteliers to manage their inventory.

In addition, it provides crucial insights into the stock availability which empowers hotels to combat overstocking and understocking challenges, ensuring profitability. 

Eviivo 

Eviivo has made it to the list of best five hotel inventory management softwares in the market thanks to its dynamic interface that is characterised by room and rate availability which helps hoteliers optimise the inventory accordingly.

At the same time, leveraging data analytics it alerts hotel managers about possible shortages, ensuring all products and supplies are available in the right quantity.

The system is also embedded with email notifications which significantly streamlines the process of inventory management.       

Conclusion

Thus, for inventory control Hotel X stands as your best bet, equipped with an AI order book that makes it effortless to align inventory with demand. Furthermore, the exceptional level of accuracy ensures reduced wastage and enhanced service. By simply choosing Hotel X, hoteliers can create a stronger position for themselves in the hospitality industry.    

FAQs

1. How much does hotel inventory management software typically cost?

The price for a hotel inventory management software varies from provider to provider. Having said that, Hotel X is one of the most competitive systems available in the market, and you can always make your decision after taking a free trial.

2. Which software is recommended for doing inventory management?

The software that can deliver you the best results, accurate inventory control, automated generation of multiple purchase orders, and optimised stock allocation is none other than Hotel X. 

3. Are there any free hotel inventory management software options?

While there are many free softwares available in the market, we advise you to never choose a free system as they often come with underlying costs and poor technology, thereby taking a turn for the worse on your hotel. 

4. What is hotel inventory management?

A Hotel inventory management system is responsible for overseeing all tangible goods, materials, and products that a hotel needs for its smooth operation, by making sure they are available in the right quantity at the right time. 

5. What are the top features of a hotel inventory management system?

The top features of a hotel inventory management system include automation, continuous reporting and analytics, seamless integration, real-time updates, and simplicity.