Knowing what you have, what you need, who you need it from, and who you’ve sold it to are the keys to successful inventory management. If you run a manufacturing business with multiple suppliers you probably have some type of inventory system in place. Hopefully you’re also using an online payment processing system like PaySimple too.
If you’re curious, here’s a short 2 minute video of how PaySimple works.
However, if you run a largely service business, you may not have invested in an inventory system yet, but chances are you use suppliers and could benefit from more formal management of them. Additionally, with Q4 2011 quickly coming to a close, it is time to start planning for 2012. The best way to do this is to review reports of 2011 activity and trends so that you can leverage them for even greater success in the New Year. The following free inventory software applications can help. (Download links are to the trusted CNet site—guaranteed to be secure and malware free.)
Simple Yet Robust and Free: inflow Inventory Free Edition
inFlow uses 4 main tabs that cover the main aspects of a business: Sales, Purchasing, Inventory, and Reports. Information about customers, warehouse stock, pending orders, sales, and more, are collected and stored in the tabs and can be used to create sales reports, generate quotes for customers, review warehouse stock, and more. The software is supported in Windows 2000 and later. It supports barcode integration, multiple locations, returns, multiple currencies and taxing schemes, unit converting, multi-level pricing, custom fields, CSV imports, and exports to PDF, CSV or XLS. A User Guide, video tutorial and sample start-up file are included, and technical support is available.
Comprehensive, Complex and Free: ABC Inventory Software
ABC Inventory Software is a professional, Microsoft Access based program that provides full featured inventory management at the perfect small business price– free. From the 4 main tabs for orders, inventory, assets and reports you can use tools to create purchase orders and work orders, schedule warehouse appointments, manage sales, manage shipping, create and maintain supplier databases, customer databases and shipping databases. Inventory functions include tracking receipt and transfer of materials, as well as managing leases and repair orders for equipment. Standard reports include daily checklists, asset summaries, sales quotations, mailing labels, and others. The software is supported in Windows XP and later. It supports scanning and printing barcodes, foreign currencies, and PDF export. A comprehensive User Guide and a tutorial are included, but support is not available for the free version. CNet editors call ABC Inventory Software “the real thing…[for]users who need a serious inventory manager that has a lot of advanced features.” If that sounds like you, give it a try.
If you’re looking for an online payment processing and customer management platform, check out PaySimple. We’re an all-in-one online software platform that will help you manage and grow your business. If you’re curious, here’s a short video showing how PaySimple works.