If only there were a cheap way to manage inventory — enter free inventory management software. We understand your doubts. The world of inventory management is an expensive one. Businesses spare no expense to develop an efficient and accurate method to store, pick and ship their goods. However, these expenditures are worth it. Firstly, and most obviously, free inventory tracking software is, well, free. This lack of expenditure immediately removes any expense-related barriers involved in adopting the system, and in the same vein, quickly boosts the ROI associated with implementing this new software.
If you are coming from an analog operation, simply switching to a digital system comes with numerous benefits. Reducing manual data entry, integrating forecasting tools and leveraging automation features can breathe life into a floundering business.
Not only that, but customers who you could have lost to shipping errors or a lack of demand planning can be brought back into the fold and turned into return clients. Before we jump into the top platforms, covering the must-have features of a successful management system one of the critical factors you need to consider.
Being free certainly is attractive, but without these key features, the cheap system you have your eye on may not cover all your bases. Our analyst team dug through the inventory management market and discovered these top features to be sure and look for:.
Keeping track of a product as it travels from warehouse to shipping is vital. Whether this involves using RFID technology, barcode scanners or real-time stock views, a successful system will keep you updated on where a product is, when it needs to move and how to store it at maximum warehousing efficiency. Many businesses have to transfer stock between warehouses and other locations regularly. A successful management solution should make product movement simple while also providing in-depth information about each move.
Included within this feature is the ability to bundle products together, also known as kitting. Creating and sending purchase orders by hand feels similar to Dark Ages torture. Your cheap inventory management system should allow you to create single or bulk POs online and email them directly to your suppliers.
Some solutions can automatically generate POs as certain item levels drop within the warehouse. While you may think shipping belongs in the world of transportation management , your inventory system actually plays a starring role in getting products shipped out correctly.
The best systems allow for multi-carrier and multi-modal shipment strategies. You want the most options available as possible to ensure your customers receive their goods on time.
Many systems can automatically generate critical shipping documentation and labels to attach to packages or store for later use as backups. Any system worth its salt should give you support for order management, from creating the order to fulfillment of the product. Other helpful features of order management let you develop custom pricing guides, send quotes to customers, mark committed stock and send invoices.
Analytics and reporting are the lifeblood of any growing business. These tools give you real-time access to demand information, on-hand stock, total sales, tax information and more.
Features like these provide managers and stakeholders up-to-date information to back up their decision-making processes. Analytics can also point out areas of your operation that are suffering or inefficient, giving you the tools required to step in before more significant problems arise. The modern workforce is becoming more and more reliant on mobility as time goes on.
Being able to unchain ourselves from our desks while still having the ability to interact with our inventory management software is becoming vital today. Many modern solutions allow users to log in, update and view essential business data, manage processes, and more all from internet-enabled smart devices.
Managing restaurant effectively and efficiently is not an easy job and these restaurant inventory management software help in making the entire process smooth and easy. They help to maintain stock levels and avoid overstocking of items, procure materials in time, update menu items with right prices and increase the production of the employees.
This software enables to automate the inventory and order processes. It makes tracking inventory easy by providing automated audits and comes with drag and drop items facility. It has excellent budgeting tools and makes invoicing and receiving process smooth. It enables financial tracking and updates recipe costs automatically as well. This easy to use yet powerful restaurant inventory management software comes with plenty of features.
It helps to manage recipes, tracking inventory and manage employee schedules. It produces logs and checklist to enable smooth operations.
It enables to share the information and comes with advanced reporting system. It can be easily operated by novice people also. This is comprehensive restaurant inventory management software and combines point of sale system with business accounting system. It comes with menu item maintenance, inventory maintenance, employee management including scheduling, printing cash receipts and separate alcohol beverage maintenance.
It provides more than business reports and a robust point of sale modules for gift stores and catering. This software maintains and manages all types of costing like recipe and food and liquor. It manages menu items, stock control and manages sales as well. It comes with efficient menu engineering reports to identify loopholes and facilitates maximizing sales and profits. It comes with variety of reports that are required for daily operations. This is robust and easy to use restaurant inventory management software aims at simplifying restaurant management.
It comes with menu analysis tool to enhance profit. It comes with easy updating of menu items and prices facility. It produces order guideline reports to manage vendors and has a user-friendly and stunning interface. This is cloud based inventory management system which does not require any installation. It allows placing orders to suppliers and tracking them efficiently using mobile apps.
It can effectively and easily track price variations and helps to reduce mistakes by tracking food costs. It facilitates delegation of work to the employees. This excellent inventory management software comes with customizable and active worksheets.
It allows making adjustments with ease using handheld devices. It comes with bar code facility to track inventory items easily. It comes with perfect purchase order system with e-commerce interface. It comes with full-fledged reports to analyze and increase profits. This software provides all restaurant solutions under one roof.
It facilitates online purchases, real-time costing methods for food items and stock management efficiently. It comes with excellent point of sale features, makes purchasing of items smooth and integrates with accounting system easily. It is compatible with mobile apps as well. This is web-based inventory management solution and effectively controls your stocks to boost revenues.
It comes with highly efficient access controls to monitor the changes made by the employees. It uses encryption technology to enable the secure data storing and perform safe bank transactions. It comes with many modules to choose. This software manages the restaurant inventory by tracking them effectively and producing status reports and alerts for all activities.
It is easy to setup and easy to use software and comes with highly flexible usability. It comes with robust reports and does automatic backup of data. It does not require any maintenance. This inventory software helps to minimize inventory costs by tracking each item efficiently. It provides complete troubleshooting report which helps to control item costs effectively. It helps to control overstocks of items and by managing item order system perfectly.
It generates alerts to various levels of management about inventory activities. For the most accurate information, please ask your customer service representative.
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Best for small businesses. Zoho Inventory. Starting from. Shipment management tools. View Plans. Read Review. Best local software. Up to orders. Barcode compatibility. Best for growth. Unlimited orders. Enterprise resource planning. Best for ecommerce. Warehouse management features. Top manufacturers. Open-source software. By Alex Kerai. Inventory Management and Ecommerce Staff Writer.
Published on January 05, Share Article. Updated: 2 months ago. View all updates. Best free inventory management software. Overview of our top free inventory management tools. Zoho Inventory: Best for very small businesses. Cloud-based platform. Many ecommerce integrations. Limited to only 20 orders per month. Zoho is another free inventory management option that packs in some quality features. View Zoho Plans. Read Our Zoho Review. Unlimited warehouses.
Advanced dashboard reports. Local software option for Windows. View inFlow Plans. Read Our inFlow Review. Odoo: Best for growing companies. Enterprise resource planning ERP platform. Extra cost for additional features. View Odoo Plans.
RightControl: Best for ecommerce businesses. Pick-and-pack feature for online order management. Barcode generation. Limited to 10 product categories. View RightControl Plans. PartKeepr: Best for manufacturers. In-depth part tracking. Unlimited materials and products. Open-source software requiring coding knowledge. View PartKeepr Plans.
Read our review. Delivering Business Advice Directly to You. Sign Up. Honorable mentions. Almyta Systems. Microsoft Excel. Almyta Systems: Best for distribution businesses.
Location tracking, dropshipping, and kitting. Great warehousing and supply chain features for distributors. Only available for Windows computers. View Almyta Systems Plans. Microsoft Excel: Best for ultimate control.
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