Order tracking and inventory management were formerly done on an Excel spreadsheet. You now want something more solid and dependable to keep track of your inventory, sales, purchases, and delivery. A free Inventory Management System enters the picture at this point. Ineffective warehouse management might result in sales losses. Consider this: if you don’t know what you have in stock or where it is stored, you’ll have difficulty selling it. Best Inventory Management Software may assist you with this issue by maximizing the stock-in-hand and keeping you updated on what you need to order and when.
Best 10 Inventory Management Software To Try
1. Vend
Vend is a retail point-of-sale software that also assists with inventory management. It may be used for inventory control, stock order management, barcode scanning, label printing, etc.
Pros
- You may develop product composites and variations using Vend inventory.
- You may choose from various colors and sizes for your product and then modify them all at once.
- Bundle your products to generate new products, or divide one into many products to sell separately.
Cons
- It does not give sophisticated tools for the food sector to manage their day-to-day operations, such as automated ordering, floor plans, and personalized menus with easy inventory management.
2. Nexter
More than 50,000 individuals from all around the globe use Nexter. It is among the best in the industry regarding inventory management, customer management, invoicing, vendor management, POS, and quotes.
Pros
- It is a complete inventory solution.
- Good basic features are included in the free version.
- Best for managing commissions and several currencies.
- Registration for products is simple and easy here.
- Fast and easy invoicing.
Cons
- Only Windows operating systems are compatible with this software.
- This software could be the more attractive interface.
3. Zoho Inventory
For small and developing businesses, Zoho Inventory’s free version is ideal. It is a comprehensive inventory control system that helps develop sales plans, manages to reorder points, produce informative reports, and so on.
Pros
- PayPal, 2Checkout, Authorize.Net, Braintree, Worldpay, and Forte are some of the best payment gateways. Free inventory management software helps speed up the payment procedure.
- Inventory management is automated with features such as expenditure management and purchase orders.
- Simple to use with a welcoming customer interface.
- The customer care crew provided excellent assistance.
- For anticipating inventory requirements, a practical reporting and exporting system are used.
Cons
- This free inventory software’s absence of the BOM (Bill of Material) feature is a significant negative. Instead of this capability, businesses are obliged to adopt a more time-consuming functionality.
- While managing e-commerce orders, there are challenges with real-time data synchronization.
4. Odoo
Odoo was designed as an ERP software, but the structure of its add-on app enables you to make it as big or as small as you want. From an inventory perspective, it will help you optimize warehouse efficiency by automating warehouse procedures and lowering stock-out and stock levels.
Pros
- It offers three deployment options for the software: cloud hosting, on-premises, and dedicated cloud deployment.
- Odoo enables multi-warehouse operations, drop shipping, and cross-docking.
- It offers inventory projections and a consolidated dashboard for efficient inventory management.
- Easy to import, export, or move data from an ERP.
- The setup and intuitive components are simple.
Cons
- It becomes expensive if you are planning to acquire many Odoo apps.
- There are few features in a single standalone Odoo app.
5. Delivrd
Delivrd is a web-based free inventory management software that supports 25 Stock Keeping Units and one location (SKUs). Therefore, businesses having a restricted concentration, such as specialized product vendors, are best suited for it.
Pros
- Delivrd automatically categorizes inventory into ‘damaged’ and ‘regular’ categories per your preferences.
- Fill your orders with standard inventory and return faulty stock to the vendors.
- The built-in asset management offers all inventory transaction information.
- All data reports are stored in the product tab.
6. SleekBill India
Sleek Bill India is primarily designed for the Indian market and is regarded as a complete inventory and invoicing software.
Pros
- It is specially designed for Indian consumers.
- Both online and offline access is available for this software.
- A friendly interface guarantees easy usage.
- The option to produce invoices in A4/A5 templates is simple.
- Password protection is used to secure the documents.
Cons
- It is only appropriate for small and medium-sized businesses.
- Only Windows operating systems are compatible with it.
7. Goods Order Inventory Pro
Goods Order Pro comes in two versions: solo and pro versions. To sync your data via a web server, you must register online. For devices that are free to use, both versions are available.
Pros
- Integrates with third-party software and apps without any issues.
- Offers specialized Apple and Android apps.
- Full data security is a bonus.
- The user may control access to the data.
- Real-time inventory monitoring across several locations is an added plus.
Cons
- More expensive than its rivals.
- There needs to be a free version.
8. ABC Inventory
You may add unlimited products to ABC Inventory, a free inventory management system. This widely used inventory management software may be deployed on several workstations and supports a single user.
Pros
- You will know the precise inventory quantity in stock, on hold, committed, and ordered.
- Best for managing businesses with several warehouses.
- The option to schedule inventory is useful.
- Inventory reports may be exported into PDF format as an option.
Cons
- For small businesses, it includes several features that are complicated.
9. inFlow
To keep your business operating smoothly, Inflow is the best inventory management software. It saves you time on paperwork, helps you precisely satisfy your customers’ needs, and produces relevant stock data.
Pros
- It has an on-premises inventory management system and a cloud-based inventory management system.
- All of their plans feature an unlimited number of clients, warehouses, orders, and products.
- Because of the user-friendly interface, navigating is easy.
Cons
- That is a little expensive.
10. Invoice Expert
Inventory control, invoicing, system management, quoting, and vendor management are just a few features of Invoice Expert, a free inventory management software.
Pros
- It is a one-stop shop for billing, invoicing, inventory, and client management.
- It makes your duties easier by providing a plethora of features.
- The pricing of this product is lower than that of its rivals.
- The software may be readily updated and customizable.
Cons
- This inventory management software has a complex interface that could be more attractive.
- There are a few small adjustments that must be made.
FAQs:
What Are Inventory Management Software Types?
There are two kinds of inventory control systems: perpetual and periodic. In addition, there are two types of inventory management systems: barcode systems and RFID (radio frequency identification) systems.
What Are Inventory Management Software Benefits?
Using an inventory management system has various advantages. Some of them are listed below:
- Productivity and operational efficiency increase.
- Boosting revenues and sales while minimizing inventory expenditures.
- Integrating several business operations.
- Automating manual chores.
- Sustaining customer satisfaction.
Is It Possible To Keep Track Of Inventory In QuickBooks?
Sure, you may manually track your inventory in QuickBooks by establishing an account to track your inventory value and the commodities sold. But, the QuickBooks Online Plus version has an inventory tool. As a result, QuickBooks Online Plus eliminates the need to track inventory manually.
Conclusion:
Small businesses are best suited for the Free versions of these inventory management software. Yet, when your business expands, premium versions are worth considering.
