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.
#PRODUCT INVENTORY MANAGEMENT SOFTWARE FREE SMALL BUSINESS FOR FREE#
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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