Best Free Inventory Software For Small Business

Best Free Inventory Software For Small Business – Tidying up and organizing cluttered inventory is no small task, even for small businesses. Keeping track with pen and paper is a risky, error-prone process, and buying inventory management software to handle the burden is expensive. If there was only one cheap way to manage inventory, enter free inventory software. Get the Inventory Management Software Requirements Standard Just because you don’t run a Fortune 500 company and can’t afford a state-of-the-art system doesn’t mean you can’t stop playing inventory management. We understand your doubts. Cheap solutions sound like a recipe for disaster – but we’re here to tell you otherwise. Free Software Key Features Top Inventory Management Software Inventory Inflow Zoho On-Premise Inventory Odoo Delivrd Next Steps Final Thoughts Is Freeware Worth It? The world of inventory management is expensive. Businesses are sparing no expense in developing an efficient and accurate method for storing, picking and shipping their products. However, these expenses are worth it. That’s all well and good, but does using open source software or cheap inventory management software offer the same level of benefits? First and foremost, free inventory tracking software is, well, free. This lack of expense immediately removes any cost barriers to system adoption and, in the same vein, quickly increases the return on investment associated with implementing this new software. If you’re coming from an analog background, simply switching to a digital system has many advantages. Reducing manual data entry, incorporating forecasting tools and leveraging automation capabilities can breathe new life into a struggling business. Not only that, but customers you may have lost due to shipping errors or lack of demand planning can be brought back to the fold and turned into returning customers. Before jumping into the best platforms, covering the essential features of a successful management system, one of the critical factors to consider. If the free inventory management app you’re considering doesn’t have the features listed below, take a step back and consider alternatives. Key Features Being free is certainly attractive, but without these key features, the cheap system you’re considering may not cover all your bases. Our team of analysts researched the inventory management market and discovered these top features to look for and check: Inventory Tracking Tracking a product as it travels from warehouse to shipment is crucial. Whether it uses RFID technology, barcode scanners or real-time inventory views, a successful system will keep you informed of where a product is, when it needs to be moved and how to store it for maximum storage efficiency. If you don’t know what products you have in your home at all times of the day, how can you predict fluctuating demand? Transportation Management Many companies must regularly move inventory between warehouses and other locations. A successful management solution should simplify the movement of products while providing detailed information about each movement. This feature includes the ability to group products, also known as kits. Purchase Creating and sending purchase orders manually is like the torture of the dark ages. Your inexpensive inventory management software will allow you to create individual or bulk online purchase orders and email them directly to your suppliers. Some solutions can automatically generate purchase orders when certain item levels drop into inventory. Get the Inventory Management Software Requirements Template Shipping Although you may think that shipping belongs in the world of transportation management, your inventory system actually plays a huge role in getting products shipped properly. The best systems allow for multi-carrier and multi-carrier shipping strategies. You want as many options as possible to ensure your customers receive their goods on time. Many systems can automatically generate critical shipping documents and labels to affix to packages or store for future use as backups. Order Management Any worthwhile system should offer you order management support, from order creation to product fulfillment. Other useful order management functions allow you to develop custom price guides, send quotes to customers, mark reserved stock and send invoices. Reporting and Analytics Analytics and reporting are the cornerstone of any growing business. These tools give you real-time access to on-order information, available inventory, total sales, tax information, and more. Features like these provide managers and stakeholders with up-to-date information to support decision-making processes. Analytics can also pinpoint areas of your operation that are suffering or inefficient, giving you the tools to intervene before bigger problems arise. Mobile Support The modern workforce is increasingly dependent on mobility over time. Being able to get away from our desks while being able to interact with our inventory management software is becoming vital today. Many modern solutions allow users to connect, update and view key business data, manage processes, etc., from smart internet-connected devices. There are always more features to consider as vendors build cutting-edge technology, but the features listed above are a good roadmap to get you started. We can now take a look at the top performers in the free inventory management market. Best Free Inventory Software Our team of analysts gathered the best performing solutions and compiled this list of the top five competitors and their most notable advantages, features and limitations: Compare top inventory management software Zoho Inventory Designed for small and medium businesses, Zoho Inventory helps businesses manage sales, create purchase orders and accurately track inventory. It integrates with many online sales channels, including Amazon, Etsy and eBay. It also includes Shopify support and is available on all platforms. Zoho Inventory provides users with visually digestible data. This free version includes 20 online and offline orders, 20 shipping labels, 20 shipment tracking and warehouse. It includes support for inventory and warehouse management, multi-channel sales, reporting and more. Outstanding Benefits and Features Zoho Inventory has many useful inclusions and tools, but here are some of its key offerings: Inventory Control: Zoho Inventory has a centralized system that updates critical inventory information across all sales. This happens automatically and happens as soon as the sale is made. Warehouse Management: Maintaining an organized warehouse is essential and Zoho Inventory provides users with the tools to manage multiple locations while generating valuable insights through reporting functions. Kit Items: Users can quickly group multiple products together while updating shipping information to include any relevant new details. Replenishment: Users can create replenishment points and associate them with your preferred suppliers. Stay ahead of inventory and always have products on hand to meet demand. Limitations No system is free from some flaws. Here are some pitfalls to be aware of: Coin functionality is heavy. It does not support customer segmentation based on item purchases. Delivery slips cannot be printed. Lack of predictive features. Price: $$$$$ Development: Platform: Enterprise Size Eligibility: S M L Compare Top Leaders In InFlow Inventory Management Software InFlow has an on-premises solution designed specifically for enterprise-sized businesses of all sizes based on data. It is available on Windows and contains many useful inventory management features such as barcodes, invoicing, manufacturing, reports, etc. It’s available as a self-hosted on-premises solution and (obviously) offers a free version. Its free version is ideal for small retailers and wholesalers looking for tracking tools. Users can access 15 reports at no ongoing cost and up to 100 products. However, technical support is not included in the free version. There is a cloud-based version called inFlow Cloud available that is more comprehensive but does not have a free offering. inFlow’s On-Premise Offering Great Benefits and Features In-Flow On-Premise contains a number of powerful tools – here are just a few: Inventory Management: Track inventory movement, inventory levels, prices and more with InFlow On -Premise. See what’s reserved or on order while actively tracking product movement history. Manages costs (FIFO and LIFO) and automatically tracks items up to each adjustment. Sales and Invoicing: Users can record sales and track invoices, as well as the ability to import from CSV. The system also syncs invoices and sales with Shopify, Amazon, WooCommerce or Squarespace. It can also automatically reserve a product when an order arrives, while notifying users if sales are about to exceed available inventory. Reporting: Reporting functions are essential for business growth, and inFlow On-Premise offers summary reporting for sales, purchase inventory, and management. B2B Portal: Customers can visit a B2B portal that shows them photos, descriptions and prices of items in a product listing. There is also a showroom where users can display discounted products. Limitations Here are some shortcomings associated with this system: The system can only be fully integrated with Shopify. Customer data is synchronized over a local network. Only computers connected to this network can access the system. Limited to Windows operating system. Backups are only stored on the server computer. Price: $$$$$ Development: Platform: Company Size Relevance: S M L Compare the Top Leaders in Inventory Management Software Odoo Odoo is an open source system for business

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