Top Free Inventory Management Software For Small Businesses

Top 8 Inventory Management Software for Small Businesses

Inventory management is a crucial part of business operations. With the help of inventory tracking software, businesses can easily monitor stock levels and offer products to customers at the right time. There is many Best free inventory management software available on the internet to assist small businesses in keeping track of stock and orders. 

Therefore, how do you currently know which Free inventory software is the best inventory management for your company? Software designed for inventory control is frequently made with a specific market. This means that the ideal business software will depend on your particular needs. You can simplify daily tasks and gain insightful data with the proper software. 

In this article, we have a Complete guide about inventory management software. Moreover, we’ll talk about why small businesses require inventory management software and the eight best free inventory management software that small business owners can use for their business operations.

 

What is Inventory Management Software?

Inventory management software is a program that lets you manage the products that your small business sells in your store or on the internet. It keeps track of the quantities in stock and orders as well. Other than this, inventory management software is one of the best ways to save time by automating your order processing tasks by letting your computer do these things for you.

The inventory management software will also help you track what is currently in stock, on order, and where it is in transit. This information will be vital when making important decisions, such as placing an order with a supplier or restocking your store.

Similarly, effective inventory management can boost your sales and profits while reducing wasteful spending. Small businesses are now adopting inventory management systems.

Why Inventory Management Software is Necessary For Small Businesses?

Here are a few of the frequent causes for small business owners who are in search of the best free inventory management software. Here are five of them:

1. Inventory Tracking:

If you think that tracking the inventory is a problem, then inventory management software can help you easily keep track of your stocks on the sales page. With the use of Inventory Management Software, you can easily monitor your stock level and offer the best products to customers at the right time, so they don’t miss out on a good deal.

2. Correct reordering:

The main advantage of inventory management software is that it reduces the number of mistakes made at different stages of the order process. It will help you increase sales and profits and minimize waste in stock capacity.

3. Cost Saving:

A small business owner should keep a close eye on the expenses for the inventory, sales, and other aspects of their business. With an inventory management system, you will know where you spend money, and you can easily track your spending to save money.

4. Productivity:

With effective inventory management software, you don’t have to oversee every job that needs to be done at the store. You can use the software to assign tasks to employees based on their skills, abilities, and knowledge. This way, to get more Boost your sales product from the same amount of time or effort with less friction.

5. Manage More Orders:

Nowadays, even a small business has to deal with big orders; however, they can’t afford to hire more people. In this situation, you can manage more orders with the help of inventory management software. Moreover, you will be able to reduce time while doing this.

Here Are The 8 Best Free Inventory Management Software For Small Businesses

1. Zoho Inventory:

Zoho Inventory is free inventory management software that helps you organize and manage your inventory. That is the very finest open-source inventory management program available on the internet. Zoho Inventory supports multiple brands’ tracking systems by providing various shipping carriers and warehouses. With this, you will have complete control over the movement of your products from one place to another. 

You can trace it more efficiently; as a result, all your orders and orders coming in from across the globe provide complete visibility of your sales activity within the accounting system. When you access Zoho Inventory, numerous features allow you to track your inventory in real-time for quick, accurate reporting of stock levels, scheduled moves, and supplier replacements with one click setup.

Key features of Zoho Inventory :

• Track orders and stock availability by importing transactions.
• Define shipping and return rules to prioritize the process.
• IOS and android mobile apps.
• Serial and batch tracking.
• Through stripe, orders and purchases may be received and paid for anywhere.

 2. Veeqo:

Another well-liked free inventory software option for retail or wholesale companies that require multi-channel selling is Veeqo. The program advertises itself as a platform for shipping and inventory control.

Similar to Zoho inventory, it has an easy-to-use platform that unifies all sales channels in one location so that you can easily keep track of and manage everything. Additionally, it offers features for managing warehouse inventory, controlling inventory, analytics, and reporting.

It is well known for its outstanding shipping capabilities. Over 15 significant shipping couriers, such as UPS and FedEx, are integrated into its shipping platform. The platform also provides shipping features, living tracking, and discounted shipping rates.

Key features of Veeqo:

• Track all orders, inventory, and shipping with one central location.
• Track orders across multiple channels quickly and easily.
• Integrate with Stripe to receive payments for inventory on wholesale distribution platforms.
• Ship internationally using the Veeqo Tracking API.
• Customize workflows according to business requirements by integrating other third-party products. 

3. Square:

Square provides small business owners with a comprehensive POS specifically designed for retail businesses. A POS, or point of sale, is an expensive system typically installed in a business to handle checkout operations.

It has an inventory management system, reporting, PPC management services, and tracking features. Square integration also features customer databases and email marketing tools that allow you to reach out to your customers quickly and easily.

The platform lets you accept payments for inventory through its POS system, which eliminates the need to carry cash or count money at the end of each day. 

Key features of Square:

• Modifiers for an item like colors and sizes can be added and tracked.
• Reports can be exported to a printable spreadsheet or downloaded.
• Each item should have images, descriptions, and SKUs.
• Observe whether a product is on sale and when it first becomes available.

4. ABC Inventory:

ABC Inventory is a free inventory management software solution that is helpful for the sole purpose of helping you manage small businesses better. It aims at making your tasks easier so you can spend more time serving clients and growing your business.

ABC Inventory is an open-source software that requires some coding skills to use to your preferences. Still, it also gives you much flexibility when building an inventory system. Additional features ABC Inventory offers include work orders, approvals, repair and maintenance orders, and unique serials for manufacturing or engineering.

Additionally, it can provide price matching on its online order form by checking competitor prices and telling you what to price the item at to get the sale.

Key features of ABC Inventory:

• Automatically track and plan weekly, bi-weekly, and monthly sales.
• Manage stock by conversion rate, priority, date, cost, and color.
• Inventory management with a free reporting system at the end of each month. 
• Provide inventory to the client in just minutes. 
• Track your time against the budget that is necessary for your small business. 

 

5. Sortly:

Sortly is free inventory management to help you keep track of your tasks and manage your time effectively. As an inventory management solution, it goes beyond basic tracking capabilities by providing you with powerful insights into how you spend your time.

It offers activity tracking, multi-location tracking, barcoding, PPC management services, and audit trails. Sortly is a cloud-based inventory management platform. The app’s integrated barcode and QR scanner, which operates offline, makes it stand out.

Even if your phone app loses signal, you can still scan incoming and outgoing inventory because Sortly will sync once you get a signal. Sortly excels at on-the-go inventory management across multiple locations thanks to its offline capabilities and multi-location tracking.

Key features of Sortly:

• Easily manage your inventory across multiple locations with the app’s multi-location function.
• Scan incoming and outgoing orders with a barcode scanner.
• Easily track the number of times different users have scanned a product.
• Keep track of your activities with the project management function in Sortly.
• Keep tabs on your budget against an allocated budget that you create for yourself. 

6. Boxstorm:

Boxstorm is a free inventory management solution that runs on a web browser and has been to assist you in establishing and maintaining your small business. Boxstorm is great for vendors, distributors, and procurers who need to keep track of their inventory.

As an inventory management tool, Boxstorm lets you store information about your products in a spreadsheet, which is simple to access from any web device. You can also add more details about the product (e.g., description, barcodes) in the spreadsheet. When it comes time to process orders, which are then processed automatically by a back-end system, Boxstorm will ensure that your products go through correctly and effortlessly.

Key features of Boxstorm:

• Record information about your inventory via its cloud-based spreadsheet.
• Add more details to your products when managing them online.
• Immediately notify you when the status of an order is completed. 
• Store your products in a cloud-based spreadsheet. 
• Automatically process orders through a cloud-based back-end system. 

 

7. SalesBinder:

SalesBinder is a free inventory management solution designed to help you manage all of your to-do lists, including managing your inventory. As an inventory management tool, SalesBinder allows you to build up a workflow and automate tasks through triggers and schedules.

Additionally, the free version of SalesBinder does not support integrations. However, it has full inventory recording and tracking features and solid sales and CRM features. Its free plan also restricts the number of monthly records counted as inventory items, accounts, or orders—no other inventory tracker on our list does this.

Key features of SalesBinder:

• Keep track of your inventory with its inventory management features. 
• Automate tasks with triggers and schedules. 
• Quickly create purchase orders using a pre-built sales form. 
• Create and manage client interactions using its CRM features. 
• View item counts sales and shipping costs. 

8. RightControl :

RightControl is the best free inventory management software solution to help you monitor and maximize your sales potential. RightControl has been built mainly with distributors in mind. Its purpose is to help you track a product’s sale history, maintain a database for this data, and use the reports generated from it to make business decisions.

 

The free version of RightControl only offers limited tracking features. However, the full version of RightControl offers robust workflow-based processing features. RightControl is a cloud-based inventory management solution. The product’s certified partners can also use it to deliver real-time inventory data to their eCommerce websites.

Key feather of RightControl:

1. Add numbers, dates, and attributes to your products. Collect information depending on the information you have in your database.
2. Easily import and export lists of products in CSV format using the “Import Wizard.” 
3. Automatically process orders through your back-end system. 
4. Use the web-based portal to manage multiple stores (distribution points).

Conclusion

Inventory management encompasses various functions, from simple product counting to advanced inventory management solutions. When choosing the best inventory management system, you must first determine which of the above functions are relevant to your business needs and bring about a situation where you can make the most out of your inventory. After that, feel free to explore these eight solutions’ features and key feathers one by one. We hope this article helps you better decide on the best inventory management solution for small businesses.