Best Inventory Management Software – Managing and organizing messy inventory is no small task, even for a small business. Keeping order with pen and paper is a tedious process, and it’s expensive to buy inventory management software to handle the burden. If there’s a cheaper way to manage inventory – enter free inventory software Get our Inventory Management Software Requirements Template Because you’re not running a Fortune 500 company and can’t afford a sophisticated system, you’re locked out the inventory management game. We understand your skepticism Cheap solutions seem like a recipe for disaster – but we’re here to tell you otherwise Key Features of Inventory Management Software Free Software Zoho Inventory Home Delivered Next Steps Final Thoughts Is Free Software Worth It? The world of inventory management is expensive Businesses are sparing no expense in developing an efficient and accurate way to store, collect and ship their materials. However, these costs are worth it That’s all well and good, but does choosing open source or low-cost inventory management software offer the same level of benefits? First, and most obviously, free inventory tracking software is, well, free. This lack of cost immediately removes any cost barriers to adopting the system and, at the same time, increases quickly see the ROI of implementing this new software. If you are coming from an analogue operation, there are many advantages to switching to a digital system. Reducing manual data entry, integrating forecasting tools and leveraging automated features can breathe life into a failing business. Not only that, but because you may lose customers due to shipping errors or lack of demand planning, they may return to the fold and return the customer. Before we jump into the best platforms, let’s cover the essential aspects of a successful management system that you should consider. If the free inventory management app you’re considering doesn’t have the features listed below, take a step back and consider some other options. Freeing up key features is certainly attractive, but without these key features, the cheapest system you’re looking at may not cover all your bases. Our team of analysts entered the inventory management market and discovered these key features for sure and in demand: Products track inventory traceability as it travels from warehouse to delivery. Whether it involves the use of RFID technology, bar code scanners or real-time inventory views, a successful system will let you know where the product is, when it needs to be moved and how to store it for maximum storage efficiency. If you don’t know what product you have, what time of day, how can you plan for changes in demand? Transfer Management Many businesses have to regularly move inventory between warehouses and other locations A successful management solution should facilitate the movement of products while providing detailed information about each step Included in this feature is the ability of products to binding together, also known as fitting creating and entering purchase orders manually looks like torture from the dark ages Your free inventory management software should allow you to create individual POs or bulk POs online and email them directly to your suppliers. Some solutions may automatically generate POs as the level of certain items in the warehouse decreases Get Our Inventory Management Software Template Shipping Needs Although you might think shipping is all there is in the world of shipping management , your inventory system plays a key role in ensuring that products are delivered accurately. The best systems enable multi-carrier and multi-modal shipping strategies. You want as many options as possible to ensure your customers receive their goods on time Many systems can automatically generate complex shipping documentation and labels that can be attached to packages or kept in storage for later use as a backup. Order Management Any system worth its salt will support you from order management to product fulfillment. Other useful order management features enable you to develop custom price guides, send quotes to customers, identify dedicated stock and send invoices. Reporting and Analytics Analysis and reporting are at the heart of any growing business. These tools give you real-time access to demand information, stock on hand, gross sales, tax information and more. Features like these provide managers and stakeholders with up-to-date information to support their decision-making processes. Analytics can also pinpoint areas of your operation that are suffering or inefficient, giving you the tools you need to have before more serious problems arise. Mobile Support The modern workforce is increasingly dependent on mobility as time goes by Today it is increasingly important to be able to integrate ourselves from our desk and the ability interact with our inventory management software. Many modern solutions enable users to log in, update and manage essential business data, processes and more from internet-enabled smart devices. There are always more features to consider as vendors create the latest technology, but the features listed above are a good roadmap to get you started. Now we can look at the best performers in the market for free inventory management The Best Free Inventory Software Our team of analysts collected the best performing solutions and came up with a list of the top five competitors and the advantages , their key features and limitations: Compare Zoho Inventory, the leader in inventory management software designed for SMBs Zoho Inventory helps businesses manage | Create sales, purchase orders and search inventory accurately Integrates with many online sales channels including Amazon, Etsy, and eBay Also includes support for Shopify and is available on all platforms Zoho Inventory provides you with digestible data users The free version includes 20 online and offline orders, 20 shipping labels, 20 shipment tracking and one warehouse. This includes support for inventory and warehouse management, multi-channel sales, reporting and more Highlights and Features Zoho Inventory has many useful plugins and tools, but here are some of its main offerings: Inventory Control: Zoho Inventory has a centralized system that updates critical information inventories across all sales channels. This happens automatically and happens as soon as the sale is made Inventory Management: Keeping an organized inventory is essential, and Zoho Inventory provides tools for users to manage multiple locations and generate valuable insights through reporting features. Item Preparation: Users can quickly bundle multiple products while updating shipping information to include any new relevant data. Records: Users can create record points and associate them with your favorite vendors Stay ahead of inventory and always have products on hand to meet demand Limitations While any system is without some flaws, this following are some disadvantages that you should be aware of: It is difficult to apply currency. Does not support customer segmentation based on item purchases Cannot print delivery note No Zoho Inventory forecasting features Free Demo Request Price: $$$$$ Deployment: Platform: Company Size Suitability: S M L Compare Inventory Management Software Leaders Best Inflow is an on-premises solution designed specifically for commodity-based businesses of all sizes. It is available on Windows and has many useful features for inventory management including barcodes, invoicing, manufacturing, reporting and more. It is available as a self-hosted solution and (of course) offers a free version Its free version is perfect for small retailers and wholesalers looking for tracking tools Users can access 15 reports without no ongoing costs and 100 products Technical support, however, is not included in the free version. On-Place a set of powerful tools – here are some highlights: Inventory Management: Track inventory movements, inventory levels, pricing and more with On-Place Inflow. See what is stored or in order while actively tracking product movement history Controls costs (FIFO and LIFO) and automatically tracks items for each adjustment Sales and Invoices: Users can record sales and track invoices while able to import from CSV. The system also syncs invoices and sales with Shopify, Amazon, WooCommerce or Squarespace. It can automatically reserve products when an order arrives while alerting users if sales exceed available inventory Reporting: Reporting features are critical to business growth, and Inflow provides summary reports on on-premises sales, inventory purchasing, and administration. B2B Portal: Customers can visit a B2B portal that shows them pictures, descriptions and prices of items in the product catalog. A showroom is also available where users can display discounted items Limitations Some disadvantages of this system are as follows: The system can only be fully integrated with Shopify. Client data is synchronized over a local network Only computers connected to this network can access the system It is limited to the Windows operating system Backups are only kept on the server computer Stream Request Free Demo Price: $$ $$$ Deployment: Platform: Suitable Company Size: S M L Compare Top Inventory.
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