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The free version also includes low stock alerts that notify users when the inventory levels drop below the critical order volume. The inventory management features available with SquareвЂ™s free plan include stock tracking and counting. Key features include website builder, inventory management, order management, checkout and payment management, and reporting. Square for Retail is a cloud-based retail management and POS system that helps businesses manage online and offline retail operations.

Paid plans: Start at $60 per location per month and include advanced features such as inventory transfers, purchase management, and vendor management.

Free plan: Includes payment management, cart management, barcode scanning, customer management, etc.

Managing inventory transfers in Odoo ( Source) Odoo offers customer support via portal requests and phone.

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There is seamless integration with the other modules in the ERP ecosystem, so you donвЂ™t need to manually update inventory and accounting reports whenever a product is sold. It also supports barcode scanner technology via Wi-Fi, Bluetooth, or USB connections. This module supports different shipping providers, including FedEx, UPS, DHL, and local post offices, which makes managing shipping operations easy. OdooвЂ™s inventory management module allows users to track delivery orders, dropshipping requests, backorders, receptions, and transfer requests for inventory items. Odoo is an open source ERP solution that offers modules for managing various business functions, including CRM, eCommerce management, point of sale (POS), expense management, supply chain, and inventory management.

YouвЂ™ll need to pay for any additional module beyond that.

Pricing: Of the several modules the vendor offers, the first two are available free of cost.

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Each of these systems appears on the Capterra Shortlist that ranks software solutions based on ratings, popularity, and functionality, among others. To help you get started, weвЂ™ve identified the three best free inventory management software solutions (listed alphabetically). This will allow you to assess the usefulness of the software before you purchase a full-fledged product. However, if you are still concerned whether investing in an inventory management solution is right for you, you could start by using a free inventory management system first.

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Moreover, the inventory reports that the system generates also save the effort in manual counting during audits. And during audits, inaccurate inventory records can lead to fines and penalties.ДЄn inventory management solution simplifies the inventory tracking process and eliminates human errors in recording inventory data. For instance, if your inventory records donвЂ™t reflect accurate stock volumes, you risk stock outages.

Managing all of this manually isnвЂ™t easy and is prone to errors. While you need to record the units, item number, and location of each inventory item, you also need to ensure that there is enough stock to fulfill customer orders. As a result, youвЂ™ll have one contact should you need more training or technical support.If youвЂ™re a warehouse or operations manager, you must realize how difficult managing inventory is. Plus, dealing with one vendor makes things easier. YouвЂ™ll want to to ensure that your hardware will work with the software solution. But itвЂ™s no use having a great WMS with shoddy hardware giving you daily headaches.ДЇor this reason, purchasing quality hardware through the WMS provider is a good idea. It may be tempting to get the specs from the software company and buy your hardware online somewhere.

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Many hardware types are available including bar code readers, printers, or voice terminals. The number of units youвЂ™ll need and the type of functionality determines the price. Hardware costs are pretty straightforward. Integrations with your other logistics and supply chain systems could also increase costs. Likewise, licensing may also cost more to customize. вЂOwnedвЂ™ systems generally need more in the way of manual upgrades, updates and patches. But this means there may be more responsibility involved too.

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