Megaventory

What is Megaventory

Megaventory is a cloud-based inventory and order management software designed for small and medium-sized businesses. Founded in 2010, the company was one of the first to offer an online solution for operations management. It helps businesses in sectors like retail, wholesale, distribution, and manufacturing to manage their entire operational cycle. This includes tracking stock across multiple locations, processing sales and purchase orders, and managing manufacturing processes with bills of materials. Megaventory Inc. is a US company with headquarters in Allen, Texas, and a presence in Athens, Greece, serving a global client base.

Megaventory Features

Megaventory provides a wide range of features to control business operations:

• Inventory Management: Track stock levels in real-time across multiple warehouses or stores. Set up stock alerts to avoid shortages, manage returns from clients and to suppliers, and track product costs over time. It also supports serial numbers, batch numbers, and expiry dates for detailed product tracking.
• Order Fulfillment: Create and manage sales orders, purchase orders, and sales quotes. The system handles partial shipping and receiving, consignment sales, and dropshipping. It helps verify fulfillment capability before confirming orders.
• Manufacturing Tracking: For businesses that assemble or manufacture products, it offers features like creating Bills of Materials (BOMs), managing Work Orders, and allocating components. It tracks Work in Process (WIP) costs and labor costs associated with production.
• Reporting and Analytics: Generate detailed reports on inventory movements, availability levels, gross profit, and overall inventory value. The platform is ready for business intelligence analysis and allows sharing reports with different users.
• Data Administration: Set sophisticated user permissions to control access to sensitive data. The system keeps detailed logs of user activity. You can easily import and export data, manage multiple currencies, and set custom pricing rules.
• Customization and Integration: Megaventory can be localized into multiple languages. It offers a rich API for custom integrations, allows for custom document and invoice templates, and supports barcode scanning and printing for efficient warehouse operations.

Megaventory Pricing Plans

The pricing structure is designed to scale with business needs.

• Pro Plan: This is the standard plan suitable for most small and medium-sized businesses. It includes a specific number of users, transactions, locations, and products. All core modules, integrations, and API access are included in this plan. Additional users and transaction capacity can be added for an extra fee.
• Enterprise Plan: This is a custom plan for larger businesses or those with requirements that exceed the Pro plan's limits. The plan is tailored to the specific needs of the company, offering more capacity for users, transactions, and locations. Interested businesses need to contact the sales team for a custom quote.

Megaventory Free Plan

Megaventory does not offer a permanently free plan. However, it provides a 15-day free trial that gives full access to all the features of the Pro plan. This allows potential users to test the software thoroughly with their own data and workflows before committing to a paid subscription. No credit card is required to sign up for the trial.

How to use Megaventory

Getting started with Megaventory involves a few simple steps:

1. Sign Up: Begin by signing up for the 15-day free trial on their website.
2. Initial Setup: Once logged in, configure your company's basic settings, such as business information, locations (warehouses/stores), and user accounts with specific permissions.
3. Import Data: Use the data import feature to upload your existing products, clients, and suppliers from spreadsheets. This saves time compared to manual entry.
4. Manage Inventory: Start managing your stock by creating purchase orders to receive goods from suppliers. Your inventory levels will update automatically.
5. Process Sales: When you receive an order from a customer, create a sales order. You can then fulfill the order, which will deduct the items from your stock.
6. Run Reports: Use the reporting section to monitor key metrics like sales performance, inventory value, and gross profit to make informed business decisions.

Pros and Cons of Megaventory

Pros:

• Comprehensive Features: Covers inventory, order management, and light manufacturing in one platform.
• Multi-Location Support: Excellent for businesses with multiple warehouses, stores, or franchise locations.
• User-Friendly Interface: The design is intuitive and relatively easy to learn for new users.
• API Access: A robust API allows for custom integrations with other business systems.
• Mobile App: Offers mobile apps for Android and iOS for managing operations on the go.

Cons:

• Pricing Model: The per-user pricing can become costly for businesses with a large number of staff.
• Limited Advanced Manufacturing: While it handles basic manufacturing and assembly well, it may not be sufficient for complex, multi-stage production processes.
• No Built-in POS: It integrates with other systems but does not have its own native Point of Sale (POS) module.

Megaventory integrations

Megaventory integrates with several third-party applications to extend its functionality:

• E-commerce: Connects with popular platforms like Shopify, Magento, and WooCommerce to sync orders and inventory automatically.
• Accounting: Integrates with accounting software like QuickBooks Online to streamline financial management.
• Shipping: Works with shipping providers to manage logistics and order fulfillment.
• Marketplace: Connects with online marketplaces to manage sales from multiple channels.
• EDI: Supports Electronic Data Interchange for automated communication with business partners.

Megaventory Alternatives

1. Zoho Inventory: A strong competitor that is part of the larger Zoho business suite. It's a great choice for businesses already using other Zoho products.
2. inFlow Inventory: Offers both cloud-based and on-premise solutions. It is known for its strong feature set, particularly for businesses that need robust inventory control and reporting.
3. QuickBooks Commerce: Formerly known as TradeGecko, this platform is excellent for e-commerce and wholesale businesses. It integrates seamlessly with QuickBooks Online for accounting.
4. Cin7: A more advanced inventory management platform that also includes POS and B2B e-commerce features. It is generally suited for larger, more complex businesses.

Megaventory API

Yes, Megaventory provides a rich and straightforward REST API that allows developers to build custom integrations and extend the platform's functionality. API access is included in the Pro subscription plan.

To use the API, you first need to obtain an API key. This key is typically generated from within your Megaventory account settings after you have subscribed to a plan. The API documentation provides detailed information on all available endpoints for managing products, orders, clients, and more.

Here is a generic example of how to make an API call using cURL:

curl -X POST 'https://api.megaventory.com/v2017a/Product/ProductUpdate' \
-H 'Content-Type: application/json' \
-d '{
  "APIKEY": "YOUR_API_KEY_HERE",
  "mvProduct": {
    "ProductSKU": "1001",
    "ProductDescription": "New Product Description"
  },
  "mvRecordAction": "InsertOrUpdate"
}'

Megaventory Affiliate program

There is no publicly listed affiliate program on the Megaventory website. Businesses or individuals interested in partnership opportunities, such as reselling the software or becoming an implementation partner, should contact the Megaventory sales or support team directly to inquire about potential collaboration.