In a perfect world, a free inventory app: Inventory apps should offer time-saving automation features, like low stock alerts, barcode and QR code scanning and more. These apps typically offer both free and paid subscriptions. These days, much of this software is offered in the form of inventory apps. While a spreadsheet is certainly a more modern inventory management system than using an inventory sheet, it’s still an error-prone way to track inventory.Īre you ready to transform how your business does inventory?įinally, more and more businesses are choosing inventory software to track their inventory. Some companies use spreadsheets to track the details of their inventory. Pros and cons of a free inventory spreadsheet No functionality for low stock alerts or other reminders.Not compatible with photos, barcodes, or QR codes.Difficult or impossible to collaborate on.Impossible to generate reports, forecast, or digest data.No real way to back up or store inventory if paper is lost.Any employee can help, even if they’re not tech-savvy.Here are the benefits of tracking inventory on a sheet of paper, a word document, or even a sticky note: Of course, such a system is extremely limited, and works best for businesses that stock fewer than 50 items in one location, and employ just a few people. Some businesses track their inventory on a sheet of paper. Pros and cons of free pen-and-paper inventory Some modern inventory management apps, including Sortly, all offer free subscriptions to their products.Įach of these three inventory management systems (paper, spreadsheet, and app) has its own set of pros and cons. You can keep track of inventory for free using pen and paper, an inventory spreadsheet, or free inventory management software. How can I keep track of my inventory for free? Luckily, there are several ways to keep track of inventory, totally free. At worst, mismanaged inventory can lead to costly product shortages and work stoppages that send clients and customers straight to the competition. Poor inventory management leads to, at best, wasted resources. Inventory management is actually a major pain point for businesses large and small. Keeping track of inventory sounds simple-but rarely is.
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