Whenever a business is concerned, Inventory management plays an important part. So Zoho has developed “Zoho Inventory” that offers all the software components required for a business. Some of them include marketing tools, email options, project management, CRM, app builder etc. Zoho’s inventory tools can be used to boost the business.
Zoho Inventory is mainly used by small scale companies. It is a control tool which is used to reinforce basic inventory practices including periodic inventory management and first in first out (FIFO). Rather than inventory tools, Zoho Inventory provides advanced features like inventory ratio management, warehouse tracking system, order fulfilment etc.
You should regularly check the turnover ratio in Zoho Inventory which helps you to decide the current status of your business. Other than the basic requirements, Zoho also provide detailed and subtle inventory features. They successfully work with web browsers and are compatible with Android and iOS mobile applications.
Zoho Inventory features mainly consists of management modules for accurate inventory control, easy tracking, vendor management and reporting and analysis dashboard. Some advanced features has been added to Zoho Inventory in their latest update including order tracking, estimation, inventory reorders and shipping management.
Inventory control help you to create and enhance sales strategies, control and automate product reorders and so on. Inventory control provides you time to time update of the sales across different places. With these data, your employees can take quick decisions and save the company from loss.
They help you to arrange data such as product price, quantity, margin, location, SKU etc. You can track the variations in product using custom attributions like colour, warehouse location etc. Zoho Inventory also helps to club different items together to sell it as a single product. By using this technique, you can control the margins. Another useful option in Inventory control is ‘barcode scanning’ which helps you to save time and avoid human error while checking the products in and out of the warehouse.
The ability to manage the warehouse makes us successful in inventory strategies. Using the inventory system you can handle multiple warehouses at a time. Tracking the quantity of products present in each warehouse allows you to optimize you stock level and fulfil customer order.
This feature is a boon for store keepers and store managers as they can easily track where the products are flowing so that order requirements are met. They also give you a clear picture of the product movement from the warehouse till the customers end. This can result in improved customer experience. Warehouse management gives you a correct picture of the products distributed across different locations.
You can combine Zoho inventory with other marketing sites for sales and adjust inventory quantities in real time which means you can manage, control and measure the sales across these online shopping platforms. Linking your business with multiple platforms can be done easily with Zoho Inventory and it helps you to monitor sales and coordinate fulfilment.
Using multi-channel selling feature, you can buy and sell products across multiple currencies. They have the option to convert product orders and sales into your base currency.
Order management allows you to analyse sales and purchase orders in different stores where you supply your products, make sure that your product are well maintained & packed and gives precise regular updates. Order management help you to store all your orders in a convenient back-end platform.
Here you can get all the information you want to get a sales order. They help you to organize your workflow and support packaging and shipping process. They assist you to create reorder points so that you can restock on popular products. Using order fulfilments you can pack the right product, make packing slips and choose the method of shipping.
Zoho Inventory provides easy to work platforms. Every feature is available in the module of the home screen. Using this software, you can monitor your business performance and see what can be done to make it even better.
Zoho inventory has a free plan as well as three paid plans. With free plan, you can manage up to 20 online and offline orders, track shipments, labels and other functions. With the free plan, you can cap 20 orders per month. The three paid plans are available in the price range of Rs.2, 911, Rs.5, 897 and 14, 856, where you can order and track 1, 500, 10, 000 and 30, 000 products respectively.