If you are a warehouse manager or operations manager, you need to understand how complex inventory and shop management can be. You must record the unit, quantity, and location of each item of inventory, and you must also make sure that the inventory is sufficient to meet the needs of the customers. Managing all of this manually is not easy and is error-prone. For example, if your inventory records do not accurately reflect your inventory, you run the risk of running out of stock. And during an audit, inaccurate inventory can lead to fines.
These inventory management solution that simplifies the inventory tracking process and eliminates human error in registering inventory, and inventory reports generated by the system also reduces manual counting labor during audits. If the solution works for you, you can first use a free inventory management system that allows you to assess how useful the software is before purchasing the entire product.
Among the various modules offered by the supplier, the first two are provided free of charge. You will have to pay for additional modules. Odoo is an open-source ERP solution that provides modules for managing various business functions including CRM, e-commerce management, point of sale (POS), cost management, supply chain, and inventory management. Odoo’s inventory management module allows users to track orders, delivery requests, backorders, receipts, and inventory transfer requests. This module supports multiple shipping providers including FedEx, UPS, DHL, and local post offices, making it easy to manage your shipments. It also supports barcode scanner technology via Wi-Fi, Bluetooth, or USB connection. Seamless integration with other modules in the ERP ecosystem, so there is no need to manually update inventory and accounting reports every time a product is sold. Odoo provides customer support through the portal and by phone.
Square for Retail
It includes payment management, cart management, barcode scanning, customer management, and more. The Payment plan is from $60 per seat per month and includes advanced features such as inventory movement, purchasing management, and supplier management. The retail management systems and POS systems help businesses manage through their online and offline retail operations. Key features include website builder, shop management, order management, billing and payment management, and reporting. Shop management features available on Square’s free plan include inventory tracking and counting. The free version also includes Low Inventory Alerts that notify users when inventory drops below a critical order level. This will help you start restocking before your lack of inventory interferes with normal operations. Square’s customer service options include phone, email, live chat, social media, and more & a self-service knowledge base.
Free plan – Supports 25 custom orders for online and offline purchases. The payment plan starts at $49 per organization per month and supports over 1,500 online and offline orders per month. Zoho Inventory is a cloud-based inventory management solution that includes inventory management, warehouse management, omnichannel, and order management. The free Zoho Inventory plan supports up to two users and allows you to manage inventory orders online and offline, and track shipments and inventory. The free plan also supports integration with e-commerce platforms, allowing you to manage purchases made through e-commerce platforms. Zoho offers a variety of customer support options including self-service, knowledge base, FAQs, forums, email, and phone support.
Things to remember for choosing the right software for your business
The following approach can help you determine the right free inventory management tool for your business:
- A shortlist of solutions based on the number of monthly orders allowed in the free plan.
- Review the features listed in the Capterra Inventory Management Software Buyer’s Guide and select the features you will use.
- You need it in your business. Make a list of products that provide all the functionality you need.
- Decide on an annual budget for your inventory management software.
- Choose products that fit your budget so you can pay for all upgrades.