Top 6 Free & Open Source Inventory Management Software for Small Businesses

Where your company stands on inventory management tells a lot about your success or, potentially, the lack thereof. If you manage a business, one of the most important tasks is tracking inventory. Without the ability to manage that inventory, your business could fail. You must know where the inventory comes from, how much you have, where it goes, and how you profit from its sale
The management of your inventory should be tied directly to the flow of business, from the ground up. Luckily, plenty of software are available that can help with this process. Some of them are even free and/or open source. Let’s take a look at five tools that can help you to track and control your inventory to make your business more effective, efficient, and easily managed.

1) Odoo
Odoo is a suite of open source business apps that help you growing your business. Over two million people use Odoo to grow their sales, run their operations, organize marketing activities,boost productivity and empower their human resources. Features:

  • Clean and fast 
  • Basic Operations
  • Advanced Routing
  • Productivity
  • Replenishments
  • Traceability
  • Products
  • Costing
  • Reporting
  • Integrations

2) OCS Inventory NG OCSOCS Inventory NG seeks to inventory hardware and software more powerful computers. Today, our solution goes further. It includes a broadcasting system evolved applications, interfaces with third party applications, search the hardware on the network.Features:

  • Inventory Information
  • Advanced broadcasting System
  • Web Administration Interface
  • Support for multiple operating systems
  • Third architecture
  • Web Service
  • Plugin support
  • Research Network
  • Synchronization with GLPI

3) Tracmor tracmorTracmor is the commercial open source solution that makes it easy to centralize and track your assets online. From its simple web-based interface to its intuitive workflow, Tracmor will help you drive down costs while maintaining an accurate record of your assets. Features:

  • Simple, intuitive AJAX user interface
  • Fine grained role-based permissions system
  • Supports bar code scanner input
  • Unlimited custom fields for greater flexibility (Video Tutorial)
  • Customizable interface – show and hide columns with a mouse click
  • Secure access through SSL encryption
  • Data securely hosted by Amazon Web Services™
  • Backups via real-time database replication and nightly snapshots
  • Free automatic upgrades
  • Open source (GPL) license

4) Opentaps OpentapsOpentaps Open Source ERP + CRM is a fully integrated application suite that brings together top-tier open source projects to help you manage your business more effectively. Today, opentaps supports ecommerce, Customer Relationship Management, Warehouse and Inventory Management, Supply Chain Management, and Financial Management to Business Intelligence and mobility integration out-of-the-box. Features:

  • Customers and Sales:
    • Sell more effectively by tracking your leads to accounts sales conversion process
    • Manage orders more efficiently with opportunities, quotes, and sales orders entry
    • Improve customer service with customer case tracking tools
    • Market to your customers with campaigns and contact lists.  Send email updates or print mailing labels.
    • Better understand your customers with opentaps Analytics
    • Sell online with the built-in online store from Apache OFBiz or integrate with the award-winning Magento eCommerce platform for a rich online shopping experience
    • Sell more by integrating with new sales channels such as, eBay, and Google Base
    • Give your sales team incentives to sell more with the commission management system
    • Empower your ERP and CRM system with Asterisk Voice Over IP (VOIP) telephony integration
    • Work together more effectively by connecting your Microsoft Outlook and mobile phone devices to opentaps with Funambol
  • Inventory, Manufacturing, and Purchasing
    • Manage inventory better with inventory thresholds and inventory transfers between all your warehouses and distribution facilities
    • Plan and automate purchasing and manufacturing with Material Resources Planning
    • Manage the manufacturing process with bills of materials, production runs, marketing packages, and reverse assemblies
    • Ship more efficiently with picklists, packing stations, and integration with UPS, FedEx, and DHL
    • Track serialized, non-serialized, and lot level inventory and trace inventory usages
    • Standardize your product and pricing information with the product catalog manager
  • Financials and Reporting
    • Integrated Accounts Receivable and Accounts Payable help you stay up-to-date with your customers and suppliers
    • Real-time accounting reports help you stay on top your business
    • Track profitability and control expenses across business segments with accounting tags

5) Open-Audit opmantekOpen-AudIT is the world’s leading FREE open source network discovery, inventory and audit program. Open-AudIT intelligently scans an organization’s network and stores the configurations of the discovered devices. A powerful reporting framework enables information such as software licensing, configuration changes, non-authorized devices, capacity utilization and hardware warranty status (amongst others). Features:

  • Network Discovery
  • Device Audit
  • Software Audit
  • Configuration changes
  • HW warranty status
  • Multivendor Status
  • Mobile Device Support
  • Device port auditing
  • Dashboard
  • Scheduled Reporting
  • Reporting Over Time
  • Advanced Report Filtering
  • Exclusive Reports
  • Location Mapping
  • Scheduled Discovery
  • Bulk Upload of Discovery Schedule
  • Product Support
  • Development Support

6) Deskera deskraDeskera Inventory provides 360 Degree View of the Inventory Function allowing Finance and Operations to have a complete view of product information, stock levels, and operations so that products and stocks can be effectively managed. Deskera Inventory provides purchasing, receiving, stock management functionality, along with full recipe and product costing capabilities. It has a Procurement Module of its own, and it can also interface with existing Purchasing Module of a Retail Store. Features:

  • Inventory overview
  • Item Master Management
  • Stock Management
  • Cycle Count Management
  • Stock-out Management
  • Checklist Management
  • Inventory Reports

Other choices? The proper management of inventory flow can not only take your business to a higher level of efficiency, it can also ensure fewer accounting mistakes and less loss in both inventory and profit. Give one of these free and/or open source solutions a try or choose from the list of best inventory management software for SMEs. I’m fairly confident one of them will do the trick. Do you have a favorite free inventory tool that didn’t make this list? Share your recommendations.



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