7 Best Free Inventory Management Software for 2022

Top 7 Free Inventory Management Software for 2022

It’s essential to create a proper inventory of all materials, parts, and components to ensure company compliance. Not only will this help business owners keep records and be responsible for their actions, it will help them run a smoother and more efficient operation.

If your business fails to keep track of all of its inventory, you run the risk of being short supplied and not paying for inventory that’s bought. One of the best inventory management software programs is free. These software programs are also easy to use and allow you to quickly generate reports and inventory of all your items. Many of them also track the cost of the stock.

7 Best Inventory Management Software:

QuickBooks

QuickBooks is an accounting software that’s specifically designed to help small businesses stay on top of their financial statements. QuickBooks offers a variety of options, depending on what you need for inventory management. They have modules that track inventory as well as track inventory in real time. In addition, when you track inventory with QuickBooks, the program tracks the trade price.

Promax

Promax is a more complete inventory accounting program that allows you to easily track your inventory stock. It allows you to easily print out reports so you can use it as a reference and check items against what you have in stock. Promax also has automatic electronic invoice creation.

How We Evaluated Free Inventory Management Software

Our analysis includes the following points:

The Performance test: This shows how well the application performs. The first application tested was easy to set up and the options and screens were easy to navigate. It was also fast – loading transactions in less than ten seconds and performing updates up to five times per second. This is key if you want to manage your inventory quickly.
Cost test: In addition to the performance test, we also looked at how much this application would cost you. We compared the application price against the number of licenses and features included.
The Documentation test: This is a measure of how well the application was documented. The documentation included in the app has to be great if you are going to be using it on a regular basis. You will most likely end up referring to it from time to time, especially if you have any issues.
The User Friendly test: Here is how easily and quickly users will be able to input and save information into the application. They will also be able to navigate through the various screens and screens objectively, and quickly.
The Overall test: This is an overall assessment of how good the application is … it’s all the things we looked at above put together.

SalesBinder: Best Free Inventory Management Software for Limited Products

The most basic inventory management software that can handle just a few products on your store. It’s free, and it’s a simple drag and drop tool!

The best part is that you can customize it as per your needs.

It’s a great tool to handle your product listings and also provide you with a customer’s buying history, price tracking and some other useful information.

SalesBinder is a free and simple to use app with some advanced features for a small business.

The user-interface is user-friendly and easy to navigate without any difficulties. You can easily create a new product and enter the details such as the product name, item code, suggested price, weight, description, material, etc.

Once you have entered the details, you just need to click the Print button and print the copy. If you like, you can select the item as a variant, and they will be easier to identify.

After printing, tear the copy to make it look more professional.

This is a simple app with only few advanced features. Also, it’s not possible to print quantities in a single print job.

Storeify: Free Inventory Management Software For Small Businesses

SalesBinder Free Plan Pricing and Limits

SalesBinder Free Inventory Features

SalesBinder records incoming and outgoing sales transactions in one click, and makes it extremely easy to create reports, maintain sales figures, keep track of customer information, and set up email marketing campaigns.

The free version of this software tracks your sales transactions, standardizes product names, helps you create reports, and offers basic inventory management features. While the free version may be sufficient for some small businesses, larger corporations will need to upgrade to the Pro version to get support for advanced inventory control features and uptime monitoring.

The Pro version of SalesBinder is software designed for larger businesses and help them run a complete business operation, including inventory management and automated customer details, estimating, forecasting, price by grocery items, email alerts and notifications, and financial forecasting. The Pro version also lets users set up automated stock checking and duplicate item elimination.

The unique features of this software include the ability to forecast and report on sales based on historic data and sales trends, and to track and manage inventory changes and sales figures.

The software will also create automated email alerts and real-time stock updates based on sales figures. And in the event that SalesBinder goes down for a period of time, the backup features will keep the software functioning smoothly.

This software may be especially useful to businesses that sell large volumes of products and that need to keep track of the inventory on hand.

When to Upgrade

The term Software Inventory is a bit misleading because it isn’t really software. In fact, software inventory is simply a set of standards you’ll set up within your accounting software. Basically, software inventory is a way to make sure you are are accurately reporting inventory for your company. It can be pretty confusing to understand the purpose of an inventory software. If you’re reading this right now, then you probably already understand the use of it. But you’re probably not yet sure when you should upgrade to inventory software.

Before you rush to upgrade, make sure that your accountant has at least a basic understanding of software inventory. Once you’ve gathered all the necessary information from them, you will be able to make a more informed decision and enjoy the better benefits that come along with using a software inventory software. To have a better understanding of software inventory, we’ve broken it all down.

Software Inventory helps prevent financial loss by keeping track of your inventory costs and inventory on hand by matching completed lines to purchase orders. If a purchase order has been sent it will be matched up with the inventory and a check can then be sent if needed. Between receiving the product and sending a check your company could suffer a great loss.

Square: Best Free Inventory Management for Unlimited Products

Square is the leading online payments provider. The company’s software platform and products within it, such as Square Register and Square Cash, help small businesses manage their cash flow, increase sales, and improve customer engagement.

One of Square’s most popular products in the inventory management arena is its free Square Point of Sale. This powerful app comes with all the tools you need to take control of your inventory. Whether you’re selling products at flea markets, roadside produce stands, or online, Square Point of Sale enables you to track your product inventory, create inventory plans, and organize your paperwork. Square Point of Sale also allows you to easily track which items are performing and which are not, which helps you create effective marketing strategies.

The free Square Point of Sale is compatible with Android and iOS. Setup is fast and intuitive. Not only do you get all the tools you need to manage your inventory, you also get reports that help you to build your business intelligence capabilities.

Square Point of Sale also comes with a free copy of FreshBooks. This versatile and robust time-tracking app allows you to create effective and efficient tracking plans for inventory and other key operations.

Some of the major features in Square Point of Sale include:

Compatible with both Android and iOS smartphones and tablets
A comprehensive two-way search feature
A custom, branded card reader

Square Inventory Free Plan Limits

Square Inventory Features

Square is software that is simple to use and is great for solving problems in your inventory tracking process. With this tool, you can track the entire inventory of your company for free. It is flexible enough to adapt to any type of business regardless of how many people are needed to operate your business. It has a well-known and worldwide reputation due to its portfolio of great standards.

Basic Functionality of Square

Square also helps small business owners manage their inventory system and its suitability is not only limited to small businesses. Big businesses also use Square to manage their inventory since Square is flexible enough to adjust to the needs of different businesses. This makes it a versatile product that is flexible to use in any organization.

Square is software that has the capability to manage inventory. It has a very strong set of features that allow individuals and businesses to do the work seamlessly. Square inventory has inventory management and tracking features that allow its users to create different user accounts to manage the inventory system. This way, different staff members can access the system without there being a threat of racking up too many expenses. This can help business owners keep track of their expenses and save their business from losing money due to high operational costs.

When to Upgrade

Stockpile: Best Free Inventory Management Software for Simple Inventory Tracking

The free inventory management software Stockpile is a neat and hands-off tool for small businesses that require a basic inventory tracking system. It uses a cloud database to store the inventories of your employees.

This software allows you to easily track your inventory. You can start selling items that are out of stock, and when the items are restocked, the system will automatically mark them as in stock or as sold. You can also use a barcode scanner to automatically identify items in the system and add them to your inventory.

This is a really easy tool for simple inventory tracking. However, you might want to look for an inventory management software tool that offers a more complex, customizable inventory management system with a broader list of inventory management features.

This tool is the ideal one for small businesses with very little inventory as it operates easily on any device likely to be used by your employees. The cloud database is accessible from multiple devices, as well as on mobile apps for iPhone and Android. With the barcode scanner, users can easily identify what is in stock and what isn’t. It’s also compatible for use with most accounting software for small business.

Stockpile Free Plan Limits

Stockpile is a simple and powerful free inventory management software for your business. It uses your computer’s operating system as a database and works with all popular browsers. Stockpile allows you to create multiple workspaces, share your custom tools with colleagues, and sync data.

Stockpile is the perfect solution for new startups and businesses that use price tags or waybills. Instead of relying solely on a physical system, Stockpile allows you to manage stock easily and accurately by dictating to your computer when to reorder products.

The Stockpile Free Plan allows you to create up to five work spaces. With your free plan, you can track up to three products from 2000 stock numbers and you can also share your custom tools with colleagues. Your choice of export formats includes Excel, PDF or CSV and you can send orders to your supplier via email.

Stockpile Free is the ideal inventory software for businesses that need to quickly add additional products and need a robust system for managing their inventory.

Stockpile Free Features

All in one: Combine tracking inventory (items of all types) using barcode scanning and e-commerce software.

Online tracking: Integrates uploading on web store/ e-commerce or ability to sell on Amazon, eBay, Shopify, ShipStation, and Etsy.

Flexible automations: Able to build advanced custom automations using dropdown menus and checkboxes.

Real-time shipping: Complete account instantaneously, without having to wait for items to be pulled from hand-off list.

Overstock prevention: Further inventory control and checking by managing item condition and expiration dates.

Data compliance: Able to provide insights to help you comply with industry standards like CFR 21 Part 11.

When to Upgrade

ABC Inventory: Best Free Inventory Management Software for Manufacturing and Volume Sales

ABC inventory management software can be used by breeders to manage their inventory like dog houses and dog beds.

ABC inventory also has features that can help you manage inventory for livestock, horse stalls, cattle, goats, pigs, rabbits, and other animals.

The key features that have made ABC the best free inventory software are:

Easy to Learn & Use –
ABC is easy to learn and understand. It allows you to set up all the inventory in an intuitive UI.
Powerful Inventory Management for Your Business –
You can easily manage your inventory from the app. It has all the features that you need for managing your inventory including adding, editing, and deleting.
It also supports weighing, tagging, and recording information about vendors and customers.
Can Work for Both Retailers & Manufacturers –
ABC inventory software can be used by retailers and manufacturers. It gives you a clear overview of your total inventory including in stock, out of stock, and new items.
It is also useful for retailers who want to manage their inventory stock and change their outfit at the helm of the business.
ABC supports importing information from Excel.

ABC Inventory Free Plan Pricing and Limits

ABC Inventory Free Plan pricing and limits are as follows, and a summary is provided following this list:

ABC Inventory Free Plan Pricing

The ABC Inventory Free Plan is currently free and without limits. You can manage as many items as you like, create unlimited records and review as many records as you like. All record updates will be saved and when you upgrade to a paid plan, the data you’ve added will remain, so you won’t lose your data. The Free Plan is also capable of linking to external sites if you so desire.

ABC Inventory Free Plan Limits

The ABC Inventory Free Plan has no hard limits, and you can store as many items, as many records and review as many records as you like.

ABC Inventory Free Features

ABC Inventory Free is a free Inventory software for small businesses and personal use that you can download and use. It is a simple to manage inventory and also has a full-featured reports support. In other words, you can make reports through the Export Excel file and this is a must have in the inventory software. Not only this, it is not a complicated system and is user friendly enough that it can be grouped by non-technical people without any problems.

Features:

Main Features:

ABC Inventory has a simple and easy User Interface with a maximum number of options available to make it easy to use it. It can manage and keep track of any Inventory with ease. It also comes with an options to create reports via the export file or simply make a PDF to keep it in order. Furthermore, it does not have any restrictions to the number of items like any other Inventory software. You can also add the items quite easily to the inventory under the categories which is also a very interesting feature.

The other main feature of ABC Inventory is to keep track of the moving items with low inventory level. It helps to make sure that every single item on the inventory is taken care of in a timely manner. Moreover, the combination of ABC Inventory Features is quite interesting and can help you save a lot of time if you use all these items together, making your inventory management quite simple and less time consuming.

When to Upgrade

Odoo: Best Free Inventory Management Software for Warehouses and Dropshipping

Odoo is a complete ERP (Enterprise Resource Planning) system, so you need to hire a developer to implement it into your business. It is suitable for small businesses seeking to maintain profitable growth.

Purchase process is simple and flexible as almost all are in-house developed and supported. But take a note that if you don’t have a developer in-house, you’ll spend more time on choosing an ERP system.

Apart from the basic features of a warehouse tracking system, there is a suite of inventory related tools such as handling returns and out of stock listing, module for real time inventory analysis, simple order fulfillment, and online order tracking system.

API is available. So you can integrate your warehouse management with any other inventory management system.

Although you may think that this is all it does, you can easily turn Odoo into an e-commerce portal, where you can sell any products on your website. You can also offer two-way shipping with an affiliated delivery service like UPS, FedEx, and DHL.

Odoo is a favorite among dropshippers. You can install Odoo in minutes and start adding your products. You can also control the prices of your products, the rules for purchase and shipping.

Odoo Free Plan Pricing and Limits

Odoo Free is free and will continue to be free for all customers.

You have the following limits:

● 1 free item (single line of code)
● 2 contacts (single CRM line each)
● 100 events (full-time employees)
● 100 customers
● 50 orders (no limit on orders)
● 25 line items (no limit on line items)
● 2 invoices (no limit on invoices)
● 8 products (no limit on products)
● 1 team

Once you reach your limits, your only choice is to upgrade to Odoo Professional or Enterprise. Contact your Reseller or Sales Community Manager for information on your current rate plans, remaining time on contract and any other relevant information. Area Administrators and Support Consultants are not account managers and can only assist you in what is eligible for a free Upgrade.

Visitor, Trial and Guest Files.

Odoo Free Inventory Features

Odoo is probably one of the best-known and most widely used open source ERP software. It is also one of the most complex and robust of its kind.

Like all other ERP software, Odoo is a B2B and B2C solution (B2C is business-to-customer, while B2B is business-to-business). The solution is available in several languages, including English, Spanish, Portuguese and Japanese and is used in many countries of the world.

Inventory management is one of the most important modules of any ERP software and the ability to manage it freely and efficiently is essential to any business. However, very few ERP solutions provide an integrated inventory management tool. Odoo is not an exception and it will surprise you to know that it provides an integrated inventory management tool that can be used for several modules of the solution.

Although the inventory management tool is available as a module, it can also be integrated with many other modules, such as Purchase, Sales, Accounting, and Projects, etc., to make the solution even more robust and versatile.

When to Upgrade

BoxStorm: Best Free Inventory Management Software for Ecommerce and QuickBooks Integrations

BoxStorm is one of the best inventory management software for small business. This is a free integrated system designed with QuickBooks, shopping cart comparison, and Ecommerce mapping in mind. You will be getting a lot of features which you need to run your business in one price. It has Ecommerce mapping or data import system so you can map your data easily and review your listing data and sales data. It has automatic inventory management track and manage. It also has a quick add, update and removal process which is very easy for you. You can have a record of your products very efficiently through a bar-code scanner. It combines features of QuickBooks with more status details in one system. It has trending with additional monetary details.

Check out the best free inventory management software options and find what is best for your business with our comparison tool.

BoxStorm Free Plan

BoxStorm plan is a simple yet powerful cloud made to solve the key problems in relation to the operations of any business. BoxStorm solves these pesky issues by allowing users to import, manage, and optimize their inventory. Basically, it is a cloud based inventory management system made to solve the key issues concerning inventory management.

If you are a freelancer or a small business owner, you must be aware of the issues related to inventory management. After all, inventory is a huge investment that frequently needs to be changed. Unfortunately, that means that you have to spend time to keep track of the inventory that you have already obtained.

Make Life Easier

BoxStorm Free Plan is all about making your inventory management life infinitely easier.

Suppose you have a restaurant and you may have to start carrying some additional stock. But if you are an entrepreneur, it is obvious that you have a dozen ideas running in your head. So it is highly possible that you forget to order the required inventory and then you have to purchase it at the last moment. Luckily, that is where BoxStorm comes to save the day. BoxStorm is integrated with your accounting software so that you can import inventory in seconds.

BoxStorm Free Inventory Features

The BoxStorm Inventory and Counter app offers a free zero-cost, zero-friction alternative for small businesses to track inventory and employees. We’re guessing that you might ask what makes the app different from other inventory management services and apps. Our answer is that the BoxStorm Inventory and Counter app offers the following features:

CRM integration
Account creation
Attendance tracking
Reports and graphs of sales
And much more

In short, you get all the software’s core functions for free.

To make it easier to know the difference between BoxStorm and other inventory management services, we’ve broken up our review into three essential categories:

{1}. Cost
{2}. Inventory tracking and employee management

When to Upgrade

inFlow: Best Free Locally-Installed Inventory Management Software for PCs

InFlow is a part of the OpenERP family of open source business management software. InFlow has been designed to manage stock and product inventory, but is conveniently offered as a free, locally-installed Windows application.

InFlow lets you manage your business inventory and organize orders and deliveries with accurate and full descriptions. The customer management module lets you create lead scoring, setup users and create billing accounts and shipping labels. Apart from inventory management, it also lets you manage customers and their orders and payments.

InFlow is a great choice for small businesses with fewer than 100 active customers. It doesn’t include barcode scanning or e-commerce. Users can add inventory when you setup a new product. The inFlow project is developed, maintained and supported by OpenERP.

Other websites to consider:

InFlow Requirements:

¤– 2Ghz processor or higher, Windows XP, Windows Vista, or Windows 7
¤– 1GB of RAM
¤– 20 MB of free hard disk space

inFlow On-Premise Free Plan Limits

20 items per user.

InFlow Plus License On-Premise Free Plan Limits 20 items per user.

InFlow Cloud (On-Premise License) Unlimited Items per user.

InFlow Cloud Basic

InFlow Cloud Starter Limits 20 items per user and two employees only.

InFlow Cloud Starter with O365 Limits 25 items per user, 3 items for agents.

InFlow Cloud Basic with O365 Unlimited Items per user and two employees only.

InFlow Plus Cloud Limited to 5 items per user.

InFlow Plus Cloud Starter with O365 Limited to 5 items per user, 3 items for agents.

InFlow Cloud Starter with SaaS Unlimited Items per user.

InFlow Cloud Starter with SaaS Limits 25 items per user, 2 employees only.

inFlow On-Premise Free Inventory Features

The core inFlow inventory management software capabilities include:

Please note the free version has certain limitations as compared to the Professional Ones.

InFlow does not use a web browser to access your inventory records. This makes it ideal for high-security environments. inFlow content and logs are stored on-premise and secured using industry-leading security technologies. Because it does not rely on a web browser, inFlow can easily integrate with existing networking and security devices.

InFlow is designed to be easy to use and simple to understand. This helps reduce training time, while increasing the usability of the software. Users configure simple workflows and macros to maintain and manage inventory.

Features of inFlow Professional
The professional edition of inFlow is our most comprehensive inventory management software. It’s purpose-built to manage high-security inventory and provides a robust inventory IT solutions portfolio for enterprises of all sizes.

The professional edition of inFlow is ideal for companies who wish to implement e-commerce or inventory management solutions throughout their business.

The professional edition of inFlow offers enterprise-class features for high-security, high-compliance environments. Some of these features include:

Centralized and Privileged Management of Advanced Inventory

Advanced Inventory Scanning to ensure that all real-time inventory is scanned and updated regularly.

Asset Management through a variety of auto-populated reporting and analytics.

When to Upgrade

Bottom Line

No matter if you are a large enterprise, small business, or even a sole proprietorship, it is important to keep an inventory system on your mind. These systems are designed to help companies keep track of their products and minimize potential fraud.

These 7 Best Free Inventory Management Software will help you keep track of your inventory. If you're looking for a full-fledged inventory management system, then you should try them; if you just want to do some simple inventory tracking, then you should use the free packages to try. After you try them, you can decide which ones you need more. Before we get into the details of the inventory management software, let's know some of the general characteristics of inventory management software.

General Characteristics

Most of the inventory management software are web-based software, which means you just need an internet connection to use them. The main purpose of these inventory management tools is to help you keep track of your products and reduce the human error; instead of you manually recording your data, the software will log the data for you, which also means that you can record your data from anywhere.