What is the best free inventory management software?

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What is the best free inventory management
software?

• https//www.imprezz.in/ Imprezz

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Inventory management is important for the smooth
functioning of your business and to keep your
stock levels in control. Both excessive and
surplus inventory can disrupt the financial flow
of your business and pose a serious threat to its
liquidity position. Inventory optimization is
important to ensure that you have minimum levels
of inventory to meet the demand of end-users. It
helps to manage the business risk and reduce the
holding cost. In this blog, well walk through
the best inventory management software. Read- Det
ailed information on Inventory Management in the
Imprezz blog post A Complete Guide To Inventory
Management
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Why companies need Inventory Management Software??

• Every organization, no matter how small or big
  have inventory in the form of raw materials,
  work-in-progress, finished goods. It might
  include something as small as a needle or can be
  assembling units of a car. Hence, it is important
  for companies to effectively manage their
  inventory.
• Mishandling of inventory or laxness in evaluating
  your inventory can largely hamper the functioning
  of your business. It might further propel the
  situation of inventory surplus or shortage
  leading to huge financial losses.  For business,
  it is the loss in productivity and sale.
• Companies should introduce inventory management
  software free that helps them reduce the
  possibilities of deadlocks, spillage, and
  unwanted storage and holding cost. Automating the
  process means reducing the chances of human
  errors and saving the time and efforts of
  employees, who can now concentrate on the core
  competencies of the business.

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Let us understand the situation in a typical
business setup. Customer purchases product from
you and you keep track of stock, the raw material
to meet the demand of customers. In an ideal
situation, you know what is the level of
inventory and if you need more inventory to meet
the demand of end-users or not. However, if
there is no proper structure or coordination
among manufacturers, suppliers, customers, and
salespeople it might result in a situation where
you either have excessive inventory or facing an
inventory shortage. You might have inaccurate
information regarding the stock levels or face
poor customer satisfaction.
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Types of Inventory Management Software?

• There are different types of inventory management
  software ranging from free to expensive ones.
  They dont only differ in terms of cost but vary
  in terms of features, deployment methods, etc.
  There are three main deployment methods of
  Inventory Management Software
• On-premise inventory management systems.
• Software-as-a-service (SaaS) inventory management
  systems
• Cloud-hosted inventory management systems

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Best Inventory Management Software

• The aim of every company is to meet the needs of
  its customer, offering the best customer
  satisfaction. There are many free and open-source
  inventory software that helps companies automate
  their inventory management process and meet the
  demands of their inventory.
• Inventory management software helps your track
  your products, items, or assets, understand your
  storage needs and manage the stock levels in the
  company. It helps to save your time and efforts.
  A good inventory management software system
  should be able to couple your companys strategic
  goals, sales, production, and materials
  requirement planning. It should help you automate
  the purchase based on the forecast of your sales
  order.
• Best cloud inventory management software by
  Imprezz is a comprehensive tool that offers you
  all the features to streamline your inventory and
  create a seamless customer experience. The
  inventory management software for small
  businesses and beginners who want to effortlessly
  manage their inventory across multiple levels and
  channels

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All the companies that are anticipating huge
growth and have large stock levels can rely on
free inventory management software by Imprezz,
which helps them automate the entire process and
reduce human efforts. Imprezz inventory
evaluation tool is simple and easy to use. The
tool has distinct features such as creating
articles and tracking the stock movement.
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Create a new article

• The feature of the tool allows you to create a
  new article, add prices and information related
  to the article. Once you create an article, click
  the save button.

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Article List

• The option allows you to track all the articles
  in one place, instead of hunting them on the
  tool. Supposedly, you want to track a particular
  article, simply enter the name of the article in
  the search bar, it will automatically detect the
  article. The option of an article list helps you
  track the current stock, which means the total
  items available in the inventory.
• It states the opening balance of the stock. You
  can even check the value of the current stock
  which is calculated on the basis of current stock
  Average price. The best part of this option is
  that it allows you to add or remove an article
  from the current stock.

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Stock Movement

• The feature of the inventory management tool
  allows you to track the purchase and sale of an
  individual article. Any action of the stock is
  reflected here. You can check the amount of stock
  purchased and sold here.
• Even if can track the historical cost, the value
  of a stock before any purchase or sale was made.

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Conclusion

• There is a huge demand for inventory management
  software in the market and is expected to grow
  tw0-fold in the next 5 years. The inventory
  management tool by Imprezz isnt restricted to
  accountability but offers a source of competitive
  advantage in demand-driven organizations.
• Buying behavior and demands are uncertain however
  investing in a good inventory management tool
  help you decide your action and plan well in
  advance. The software will help you in the
  automation of inventory management, result in
  cost reduction and save time and effort to walk
  through spreadsheets.
• If you are looking to take your business to
  another level invest in the best cloud inventory
  management software by Imprezz. Its best to try
  the Imprezz demo right away. Simply register with
  an e-mail address and password. And immediately
  the full range of functions is available to you
  free of charge.

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