6 Warehouse Inventory Management Software That is Free or Cheap
by Ankita Tripathy Business Development Published on: 06 February 2023 Last Updated on: 08 January 2025
It’s no secret that warehouses cost money. And if you manage inventory in a warehouse, it can be even more expensive than if you had employed someone full-time to do the work. But there are ways to reduce the cost of running a warehouse, even using free or cheap inventory management software.
Inventory management software is the practice of overseeing the flow of products entering and leaving an inventory. It also involves the management of products in a supply chain and related materials and moving products into and out of the inventory.
IMS is software that automates and simplifies the critical processes associated with inventory control. IMS tracks, monitors, and manages inventory as it moves through a supply chain, from sourcing to production to distribution, sale, restocking, and return. Want to know about the best ones out there? Explore the list below!
What is a Warehouse Management System?
WMS, or Warehouse Management System, is a software that allows businesses to track their warehouse and inventory and control their daily warehouse operations. Users of this software have visibility over the goods from the moment they enter the warehouse until they are ready to depart for sale and in transit.
These tools allow warehouse users to complete a picking and packing process. They can also work on resource utilization, analytics, etc.
Benefits of Warehouse Management Systems
Having a WMS is essential when managing a warehouse full of different types of goods. It helps a business stay on top of its inventory status, manage cash flow, and comply with customer requirements. The following are benefits a business will enjoy upon using warehouse management systems –
Optimized Space and Lower Operating Expenses
Warehouse space is expensive. With a WMS, a business can effectively use its warehouse space. They can check the best use of their warehouse.
These tools allow businesses to decide how they’ll maximize profit from using the warehouse space the right way. These tools allow users to make the right balance between space and the usefulness of the same. Most users have more cost-efficient warehouse operations, all thanks to these tools.
Inventory Visibility
With the WMS tools, businesses have real-time and clear visibility over the company’s inventory levels. This allows the company to secure more supply and avoid backboarders.
When there’s a sufficient supply of goods in demand, there’ll be more happy customers, giving the business benefits in the long term.
Better Resource Allocation
Clear and real-time visibility over the inventory and the warehouse leads to better labour and more effective use of the labour force. Real-time visibility helps the business determine the best space for specific products. Also, they have better visibility over the products that need restocking and the ones that are in transit.
Traceable Materials
With WMS, businesses can track products and materials through tags, batches, lot, and serial numbering. They can use lot or batch numbers, which suggest the group in which the materials are made, and the serial number that identifies products and items specifically.
Here Are Six Free Warehouse Inventory Management Software:
If you recognise the different benefits of having warehouse management systems, you can use the free software solutions we have shared below.
1. ZarMoney
ZarMoney is the best warehouse Inventory Management Software. It’s an all-in-one solution that helps you streamline your business processes and increase profits. ZarMoney has all the features necessary for an effective online inventory management system.
With ZarMoney, you can automate your business processes so that no more human effort is required in monitoring or managing your products. Automates and simplifies the key processes associated with inventory control. ZarMoney tracks, monitors, and manages inventory as it moves through a supply chain, from sourcing to production to distribution, sale, restocking, and return.
Moreover, you can see where in the process inventory levels are at any time during their movement through the supply chain. This includes how much stock is on hand at each stage of processing/distribution (from raw materials through completed goods) into finished product clutches ready for shipping out into customers’ hands.
From small boutiques to multinational corporations, businesses of all sizes can use ZarMoney. The platform helps them to better understand where their products are located in their supply chain so they can make informed decisions about what product lines need more attention or which ones may require reorganizing.
ZarMoney is easy to use and affordable, so you can get started quickly without investing a lot of money upfront.
2. Square for Retail
Square for Retail is a free inventory management software that can track and manage the sales of goods in your business. It’s designed for retail businesses like bars, restaurants, and hotels. The app allows you to send invoices directly from the application, so you do not have to worry about printing them off manually every time someone orders something.
Square for Retail allows users to access multiple devices, such as smartphones or tablets (Android & Apple). The app also has an integrated contact manager, which makes it easy for customers who want information about their orders or payment options available 24/7 through email responses rather than waiting until the next business day when someone may not even be around yet if they’re away from work too long during busy times like holidays.”
3. Jazva
Jazva is a cloud-based inventory management software that tracks your inventory, manages your warehouse, and runs reports. It’s free for employees and startups with less than 10 staff members. The software comes with a few basic features, like adding products into different categories and an easy way to monitor how much inventory space is used in each category.
Jazva also has some advanced features, such as the ability to upload pictures of products so users can see them on screen before they purchase them at retail stores; this feature can help reduce waste by eliminating buying additional items unnecessarily due to mislabeling or bad quality control practices within an organization’s supply chain! If you want more detailed insights into what’s going on inside your company (or if there are any issues), Jazva allows users access to all kinds of graphs related specifically.
4. Wasp Inventory Control
Wasp Inventory Control is free software that assists you in administering your inventory in real time. The program is available as a free version, which allows you to track your products and make sure they are on time, but you also can create purchase orders for large orders or manufacturing parts.
You can use Wasp Inventory Control for small businesses just starting as well as giant corporations needing more control over their supply chain.
Wasp Inventory Control is also available in paid versions (starting at $199 per user). These paid versions offer additional features like integration with other online platforms such as Salesforce or Shopify.
5. Sortly Pro
Shortly Pro is a free app for iOS and Android that allows users to track their inventory in real-time. It has a free plan with an unlimited item count and unlimited users, so it’s great for small businesses or startups with confined and limited budgets. The app also lets you access your warehouse inventory from anywhere in the world through their mobile app or website.
6. Finale Inventory Management Software
Finale Inventory Management Software is a free inventory management software that provides you with all the tools you need to manage your warehouse. The program allows you to organize and track your inventory from startup through every step in its lifecycle, from receiving goods from suppliers, storing them in storage facilities or warehouses, and preparing orders for shipping out.
The program can also manage other aspects of your business, such as sales or customer service activities, by integrating with other applications such as SAP R/3 (ERP) or Salesforce CRM.
The TakeAway
Sometimes free or cheap is what you need. For example, there is indeed some warehouse inventory management software that costs a lot of money. But in most cases, free or cheap is what you need. The good news is that plenty of services are available at all price points and for all types of businesses.
The bad news? They don’t all work well together! Some programs focus on one type of business (like Retail), while others try to be everything at once like manufacturing. That can leave you with more headaches than when using just one tool—and maybe even worse!
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