It makes product categorization a breeze, listing them by availability, prices, SKUs, and similar items. The platform comes with kitting functionalities but can be customized to meet your company’s needs. Other prominent features include support for iOS and Android devices, reporting, analytics, order, and fulfillment management, selling channels and billing, and invoicing. It likewise ensures that you never run out of stocks by automatically replenishing depleting inventory. Its free plan has all the inventory and order management features that startups need to manage their supply chains effectively. Using the app, you can keep track of your inventory from the time an order is received to the moment it is delivered.īut what makes Zoho Inventory small business-friendly is the fact that it can be used absolutely for free. It is highly recommended for online sellers, regardless of size and type. It has inventory tracking capabilities, allowing you to know how much and where your products are anytime, anywhere. Zoho InventoryĪ part of Zoho’s suite of productivity tools, Zoho Inventory is designed to help businesses improve their inventory and order management processes via automation. By the end of this article, you’ll be able to pick which one is the perfect match for your company.
We’ll discuss each platform’s key features, as well as any potential shortcomings of each product. This list of free inventory management software should help you narrow down your options in choosing the ideal tool for your business. Luckily, there are free inventory platforms that offer basic functionalities that are enough to kick start your inventory management, including inventory tracking, order management, and stock monitoring. For instance, 20.7% of organizations said that they will consider using a specialist software tool for supply chain mapping post-pandemic.īut let’s face it-going for a full inventory solution can be costly and would require a large sum of your budget. The pandemic has also led companies to rethink their supply chain mapping strategies. In fact, companies reap a 25% increase in productivity when they integrate order processing with their inventory system. Over time, these solutions have extended their functions to cover forecasting, logistics services, and warehouse management. To prevent such situations and avoid excess or obsolete inventory, businesses rely on inventory management systems. The overall value of goods that were out of stock was pegged at $1.14 billion while the value of overstock reached $626 million. Moreover, unprecedented levels of distortion in inventory have been recorded in the retail sector due to the COVID-19 pandemic. Take the Swedish fashion line retailer H&M for example, when unsold inventory started taking a toll on their profit, amounting to $4.3 million of unsold clothes. Without the proper tool, it could be difficult to keep track of your inventory levels and maintain the right balance of stocks.
With this, you should easily be able to pinpoint which ones will be able to reinforce your operations, help you grow your business, and cope with supply chain disruptions related to the COVID-19 pandemic.įor small and medium-sized companies, inventory management is an integral part of the business. Moreover, we will be discussing their usability, scalability, and flexibility. In this list, we have rounded up the best free inventory management software, making sure to discuss the features each one has to offer. That means going for a free inventory app shouldn’t be for lack of options, but for the best deal that you can find. Luckily for you, vendors try to crowd each other out in this field and would go to great lengths as giving their app for free just to have you signed up. This is true in your quest to find inventory management software that charges you nothing. With it, companies can manage their stocks with accuracy and efficiency without having to break the bank.įree doesn’t have to mean cheap. The best free inventory management software is Zoho Inventory, given its excellent automation options, inventory tracking features, ecommerce integrations, and online order management tools.
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