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. There are always more features to consider as vendors create cutting-edge technology, but the features listed above are a good roadmap to start with.
Now we can take a look at the top performers in the free inventory management market. Our SelectHub Analyst Team gathered up the top-performing solutions and came up with this list of the top five contenders and their standout benefits, features and limitations:. Designed for small to mid-size businesses, Zoho Inventory helps businesses manage sales, create purchase orders and accurately track inventory.
It integrates with several online sales channels, including Amazon, Etsy and eBay. It also includes Shopify support and is available on all platforms. Zoho Inventory gives users visually digestible data. This free version includes 20 online and offline orders, 20 shipping labels, 20 shipment trackings and one warehouse. It includes support for inventory and warehouse management, multichannel selling, reporting and more.
Zoho Inventory features several helpful inclusions and tools, but here are some of its main offerings:. InFlow hasan on-premise solution designed specifically for item-based businesses of all sizes. It is available on Windows and contains several helpful inventory management features, including barcoding, invoicing, manufacturing, reports and more. It is available as a self-hosted, on-premise solution and obviously offers a free version.
Its free edition is perfect for smaller retailers and wholesalers looking for tracking tools. Users can access 15 reports with no ongoing costs and up to products. Technical support, however, is not included in the free version. There is a cloud-based version called inFlow Cloud available that is more comprehensive but lacks a free offering.
Odoo is an open-source system for businesses of all sizes. Seems to get most of what I need done. Hasitha Budditha Fernando — December 26, Mancer m. Very useful. Thanks for sharing this. Bought the modifiable version as well The structure of the template is very well done. Matthew Stone — October 14, I am interested in the Excel Stock and inventory Tracker.
Someka — October 15, The modifiable version of the template allows you to input up to items which are quite enough. Edmund — October 8, Is there a possibility to increase more? Generally speaking for the price of the product… it is as good as it gets. Thanks… Happy customer. Asim — September 2, Someka — September 3, Roderik — July 7, Do you also have an inventory tracker that integrates forecasts, so i can also use it for my purchasing plan?
Someka — July 8, But, we have noted your request to the list of ideas we will consider for the future templates. For further questions or requests please feel free to contact with us anytime you want! Freda — May 11, I did this and it works! Someka — April 30, If you need more rows for your items, you can have a look modifiable version of the template to be able to open more space.
There is a plus sign on the left side, after you unlock the template, just need one click to get more space! This is one of the simplest but powerful inventory tracking sheet established on Ms Excel. Thumps up guys! Dustin C — March 24, Overall I enjoy that I can export an inventory sheet and calculate all the counts automatically into the Excel. You must be logged in to post a review.
Professionally designed Purchase Order Template in Excel. Export to PDF, Ready-to-print. Record your past orders.
Excel spreadsheet template to track and measure the salesman performance, target realization rates, sales metrics and KPIs of sales people. Ready-to-use Price List Template for your products and services.
Easily customize it according to your small business needs. All in Excel. Profit indicators, cash flow ratios. All in Excel! Sales KPI Dashboard includes key performance metrics for sales department. Stock and Inventory Tracker. Rated 4. One-Time Payment. Instant Download. MutationObserver window. Watch Video:. Items List: This section where you input your data for each column. Remarks section serves as an additional notes column. Ready to use. Download Now! Yuno — September 15, Rated 4 out of 5.
Someka — August 26, Hello Erika! Godfrey — April 18, Rated 5 out of 5. M — April 10, Rated 5 out of 5. Dana — April 4, Rated 5 out of 5. Alexandros D — February 10, Rated 5 out of 5. Someka — February 11, Hi Alexandros, thanks a lot for the time you spare to write a review! Mandana Salimian — February 3, Rated 5 out of 5. Someka — February 4, Hi Mandana, First of all, thanks a lot for your interest! Hope our explanation helps you! Do not hesitate to contact us anytime you have any questions.
Fung Foo — January 19, Rated 5 out of 5. Someka — January 20, Hi Fung, If you have unlocked the worksheet, you will be able to unlock the workbook by following the same steps. Hasitha Budditha Fernando — January 10, Rated 5 out of 5. Hasitha Budditha Fernando — December 26, Rated 5 out of 5. Matthew Stone — October 14, Rated 4 out of 5. Someka — October 15, Hi Matthew, Thanks a lot for the time you spend writing a comment! Best regards,.
Edmund — October 8, Rated 4 out of 5. Asim — September 2, Rated 3 out of 5. Someka — September 3, Hello Asim! Roderik — July 7, Rated 5 out of 5.
Freda — May 11, Rated 5 out of 5. Someka — April 30, Hi Veronica, First of all thank you for your feedback!
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