Top 5 Free Inventory Management Software for Small Business

Managing inventory is crucial for small businesses to stay organized and profitable. An effective inventory management system helps businesses track inventory, prevent overstocking or running out of stock, and streamline order management. However, many small businesses face challenges like limited budgets, time constraints, and difficulty keeping inventory levels accurate.

This is where free inventory management software comes in. It provides essential inventory tracking tools, allowing businesses to manage inventory efficiently without breaking the bank. Many free plans offer useful inventory management features, including real-time inventory tracking, low stock alerts, and mobile app access.

Track-It-All specializes in inventory management solutions designed to grow with your business needs. We offer tools that simplify inventory control and give valuable insights into inventory trends.

The following list highlights the top 5 free inventory management software for 2024, helping you choose the right free inventory management software for your small business.

The 5 Best Free Inventory Management Software

Managing inventory efficiently is essential for businesses of all sizes, but not everyone has the budget for expensive tools. Luckily, several free inventory management software options offer powerful features to track stock, reduce waste, and streamline operations.

Here are the five best free solutions to help you stay organized and maximize productivity without breaking the bank.

Track-it-All

Why Choose Track-It-All?

• Free 3-Month Trial: Test all features without commitment.
• Bespoke Solutions: Customizable for any business size or industry needs.
• User-Friendly Interface: Simple navigation for effortless management.
• Powerful Performance: Boost productivity with efficient systems.

Key Features

• Inventory Management: Track stock in real-time, manage categories, and monitor warehouses.
• Task Management: Assign, prioritize, and track progress for seamless teamwork.
• HR & Staff Management: Automate workflows and manage staff performance easily.
• CRM System: Organize contacts and streamline customer interactions to drive sales.

Advanced Tools

• Dashboard Modules: Monitor events, tasks, and stock statuses from one place.
• Survey Management: Create, track, and export survey results efficiently.
• Event & Brand Management: Link events to calendars, inventory, and outlets for full control.
• Security Features: Manage user roles and system access securely.

Get Started Today

• Enhance Operations: Track tasks, manage inventory, and optimize processes with ease.
• Try the 3-Month Free Trial: Experience Track-It-All’s full potential risk-free!

Odoo Inventory

Overview

• Free forever, with no user limits, making it ideal for growing small businesses.
• Real-time inventory visibility for efficient stock control across multiple locations or warehouses.

Key Features

• Automated Replenishment: Uses min-max rules, MTO, and forecasts to prevent stockouts.
• Barcode Integration: Supports QR codes, GS-1, and works offline for seamless operations.
• Picking Strategies: Choose from single, wave, cluster, or batch picking for optimal performance.
• Smart Storage Optimization: Put-away rules, ABC analysis, and cross-docking to minimize movements.

Operations & Productivity

• Faster Order Fulfillment: Manage receipts, packing, and shipments efficiently.
• Vendor Automation: Automate purchase orders, vendor reminders, and acknowledgments.
• Real-time Reporting: Track stock levels, movements, and product locations instantly.

Valuation & Traceability

• Inventory Valuation: Supports FIFO, LIFO, and average cost methods.
• Clear Audit Trail: Monitor all warehouse actions with traceable records and reports.

Odoo is the all-in-one solution to streamline inventory and grow your business effortlessly.

SalesBinder

Features

• Inventory Management: Monitor stock levels in real-time, receive low stock alerts, and generate purchase orders.
• Billing & Invoices: Create invoices, estimates, and sales orders instantly.
• CRM Integration: Manage customers, prospects, and suppliers from one platform.
• Barcode Scanning: Scan and track inventory using barcodes.
• Multiple Locations: Organize and manage stock across different warehouses or stores.
• Custom Fields: Tailor fields to meet your business needs for better reporting.

Pricing

• Forever Free Plan:
  • 100 active records
  • 1 user account
  • No setup or hidden fees
  • Email support
• Paid Plans: Start from $9/month with advanced features and increased record limits.

Updates

• Aug 2024: Batch editing feature in spreadsheet view for faster data management.
• May 2024: Custom fields are now available across all record types.
• Apr 2024: Track payments for purchase orders directly in the system.

Support & Accessibility

• Platform Access: Available on the web and iOS app.
• Customer Support: Responsive email support, tutorials, and API documentation.

Sortly

Why Choose Sortly?

• Free Plan: Manage up to 100 unique items at no cost.
• Flash Sale: Get 50% off on yearly plans—limited-time offer!

Key Features

• Organize Your Inventory:
  
  • Import spreadsheets and item photos easily.
  • Create custom folders and tags for seamless sorting.
• Track and Manage:
  
  • Barcode and QR code scanning with custom label generation.
  • Check-in/Check-out functionality to monitor inventory usage.
• Stay Updated:
  
  • Set low-stock alerts and date-based notifications.
  • Offline access ensures uninterrupted inventory management.

Powerful Reporting

• Activity history reports and summary dashboards.
• Track stock movements and generate customized reports.

Integrations

• Sync with QuickBooks, Slack, Microsoft Teams, and more.
• API access for seamless software integration.

Flexible Plans

• Free Plan: Perfect for beginners.
• Advanced & Ultra Plans: Unlock more features as you grow.

Get Started Today

• 14-Day Free Trial on paid plans.
• Manage inventory effortlessly with Sortly!

Inflow

Key Features

• User-Friendly Design: Manage inventory and orders with ease using inFlow’s intuitive interface.
• Designed for Growth: Suitable for small startups to mid-sized businesses.
• Multi-Functional Tool: Supports sales, shipping, and barcoding, and integrates with scanners and label printers.

Software Solutions

• inFlow Inventory: Perfect for wholesale, e-commerce, and field services. Easily track stock levels, sales, and purchases.
• inFlow Manufacturing: Includes advanced tools for production and assembly tracking.

Hardware Solutions

• Smart Scanner: Water-resistant scanner with Android OS for on-the-go management.
• Label Printer & Accessories: Streamline barcode generation and printing.

Seamless Integrations

• 90+ Integrations: Connect with shipping, e-commerce, and accounting platforms for automated workflows.

Why Choose inFlow?

• Accessible from Anywhere: Manage inventory from any device.
• Reorder Alerts: Never miss a sale due to stockouts.
• Free 14-Day Trial: Try it risk-free—no credit card required!

Get Started Today!

Say goodbye to spreadsheets and experience hassle-free inventory management with inFlow.

Tips for Implementing Inventory Management Software

Frequently Asked Questions (FAQs)

1. What is the best free inventory management software for small business in 2024?

The best free inventory management software for small businesses in 2024 depends on your business needs. Popular options include Zoho Inventory, Odoo, and inFlow Inventory. These software options offer essential inventory management features, like real-time inventory tracking and low stock alerts, ensuring small businesses manage inventory efficiently. Additionally, these top inventory management solutions also offer integration with other business tools and platforms, such as accounting software and e-commerce platforms. This seamless integration can streamline operations and reduce the likelihood of errors in inventory management. Overall, the best free inventory management software for small businesses in 2024 should be able to meet the specific needs of your business and improve overall efficiency.

2. Are there free inventory management software solutions with mobile apps?

Yes, several free inventory management software solutions come with mobile apps. Zoho Inventory, for example, offers a mobile app for tracking stock levels, managing inventory across multiple locations, and processing order management on the go—ideal for businesses that need real-time inventory tracking.

3. How do free inventory management software options compare to paid plans?

Free inventory management software options often provide core features like inventory counting, stock level tracking, and vendor management. However, paid inventory plans may include advanced inventory management features, such as warehouse management, integration with accounting software, and comprehensive inventory reports, offering businesses more control as they grow.

4. Can cloud-based inventory management software support small to medium-sized businesses?

Yes, cloud-based inventory management systems are ideal for small to medium-sized businesses. They streamline inventory management by offering real-time access to inventory data, inventory reports, and low-stock alerts. This software can offer a scalable solution that grows with your business needs.

5. Why is inventory management software essential for small businesses in 2024?

Inventory management software helps businesses by providing valuable insights into inventory trends and ensuring smooth operations through automated order management. With features like double-entry inventory tracking and free versions that support basic needs, small businesses can manage their inventory effectively without paying for expensive business software upfront.

Bringing it to an End

Choosing the right free inventory management software can significantly improve how small businesses track inventory, streamline order management, and maintain accurate stock levels. The top 5 free inventory management software options in 2024—including Zoho Inventory—offer essential tools like mobile apps, real-time inventory tracking, and inventory control to meet your business needs.

Exploring the best free inventory management software ensures you find a free plan that fits your operations and helps manage inventory effectively. Whether you need inventory tracking software or a cloud-based inventory management system, selecting the right inventory management solution will allow your business to grow smoothly.

Need help deciding? Reach out to us at Track-It-All. We’re here to support your journey with the perfect inventory management platform for your business!