{"id":13711,"date":"2020-12-01T16:51:58","date_gmt":"2020-12-01T20:51:58","guid":{"rendered":"https:\/\/www.cofinia.ca\/?p=13711"},"modified":"2023-04-26T16:59:35","modified_gmt":"2023-04-26T20:59:35","slug":"what-is-zoho-inventory","status":"publish","type":"post","link":"https:\/\/www.cofinia.ca\/en\/blogue\/non-classifiee\/what-is-zoho-inventory\/","title":{"rendered":"What is Zoho Inventory?"},"content":{"rendered":"

What is Zoho Inventory?\u00a0|\u00a0cofinia<\/span><\/h1>\n

All growing companies know the importance of perfect customer relationship management.\u00a0CRM<\/a>\u00a0(Customer Relationship Management) software\u00a0brings together the various tools used to identify, process and analyze the needs of customers and prospects in order to offer the best service\u00a0<\/span>.<\/span><\/a><\/p>\n

Zoho’s added value lies in its\u00a0internal\u00a0<\/a>and\u00a0<\/a>external\u00a0<\/a><\/span>integrations<\/span><\/a>\u00a0.\u00a0For example, if you integrate Zoho Inventory with Zoho CRM, you have access to various modules (project, marketing, etc.) and you can add Zoho integrations as needed (Zoho Commerce, Zoho Books, Zoho Analytics, etc.).\u00a0With Zoho Inventory, you can achieve seamless integration of all sales, inventory management and order tracking activities, in addition to taking advantage of large amounts of integration with online stores such Shopify, gateways payment methods like Stripe or Paypal and shipping companies (UPS, Fedex, etc.).<\/span><\/p>\n

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What is Zoho Inventory?<\/span><\/h2>\n

Zoho Inventory<\/span><\/strong>\u00a0is an online order and inventory management tool designed for small and medium-sized businesses that helps organize and track the movement of inventory.\u00a0This inventory management software integrates with the\u00a0<\/span>Zoho Books<\/span><\/a>\u00a0solution for complete invoicing and accounting and with the Zoho CRM module for complete sales tracking.<\/span><\/p>\n

It enables, through multi-channel selling, shipping integration and various order control features, to increase sales and improve customer satisfaction.\u00a0It allows tracking from purchase to packaging and also offers the possibility of online payment.\u00a0This software is responsible for automating the repetitive steps of your customer and supplier order management processes while guaranteeing smooth delivery and complete traceability of your items.\u00a0Zoho Inventory is also a user interface that offers clear information about stored products and their physical location (warehouse management).<\/span><\/p>\n

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Features of Zoho Inventory Software<\/span><\/h2>\n

With Zoho Inventory, you have cloud management.\u00a0Its use therefore does not limit you to software installed locally on a workstation, it is also downloadable on Android and iOS devices.\u00a0You can thus centralize the follow-up of your stocks whose quantities are updated automatically through all the sales channels.\u00a0Your information is synchronized several times a day and you have access to management information in your dashboard.<\/span><\/p>\n

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A rich product catalog<\/span><\/h3>\n

The cloud system gives you easy access to all information in real time.\u00a0This access can be customized according to system users for role-based management.\u00a0The product sheet contains a lot of information that you need to manage it: order threshold quantity, batch management, categories\/subcategories, manufacturer, serial number, management by code -bar, size and weight for shipping management, etc.\u00a0You can add all the necessary attributes that will help you better organize your stock and serve your customers.<\/span><\/p>\n

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Real-time order processing<\/span><\/h3>\n

Zoho Inventory helps you manage the shipping process and track all your product deliveries through one platform until it arrives at the customer.\u00a0If you have several stores or warehouses, it is possible to simply transfer products from one location to another.\u00a0Adding barcode scanners helps make everything efficient.\u00a0The management of your inventories is dynamic and you can even automate the replenishment process.<\/span><\/p>\n

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Zoho Inventory integrations<\/span><\/h2>\n

Zoho CRM is compatible with multiple systems and platforms that integrate effectively with Zoho Inventory.\u00a0This software is compatible with online payment platforms such as Paypal, Worldpay, Gocardless, Stripe, etc.\u00a0This facilitates the payment of your orders.<\/span><\/p>\n

You can also sync Zoho Inventory with native apps like Amazon, eBay, and Etsy for e-commerce.\u00a0If you have an online store, Zoho integrates with WooCommerce, Shopify, Zoho Commerce, and many more.\u00a0As for shipping integrations, you’ll find Canada Post, UPS, DHL, and FedEX, among others.\u00a0For\u00a0<\/span>accounting<\/span><\/a>\u00a0, you can transfer your accounts to Zoho Books or sync QuickBooks with Zoho Inventory.<\/span><\/p>\n

Zoho CRM’s integration with Zoho Inventory also allows you to create a two-way relationship between the two applications.\u00a0You can synchronize your contacts, your accounts and even your articles or products.\u00a0Zoho has thought of all the integrations so that you can manage the various inventory, sales and order operations on a single platform.<\/span><\/p>\n

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Zoho Inventory for better inventory management<\/span><\/h2>\n

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Product tracking<\/span><\/h3>\n

Zoho Inventory allows its users to track products and orders in real time and view historical records with just a few clicks.\u00a0You can assign serial numbers so you can trace all items, manage warranties, or manage expiration dates.\u00a0You can also manage product batches to simplify recalls and traceability.<\/span><\/p>\n

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Inventory reports<\/span><\/h3>\n

Zoho Inventory, being designed for small and medium businesses, has standard inventory management reports.\u00a0It allows you to view sales, track FIFO, and view inventory summary.\u00a0You can also view sales reports by customer, item, or vendor and schedule them to be emailed as often as you like.<\/span><\/p>\n

By enabling integration with\u00a0<\/span>Zoho Analytics<\/span><\/a>\u00a0, you can run a host of additional reports.\u00a0For example, a forecast report of the quantities of stocks, which allows you to anticipate the orders to be made with your suppliers.<\/span><\/p>\n

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Inventory adjustment<\/span><\/h3>\n

You can make inventory adjustments based on both quantity (returns, losses, breakage) and value (impairment).\u00a0If you have a large number of products, the adjustments can be made by importing via an Excel file.<\/span><\/p>\n

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Currency management<\/span><\/h3>\n

Do you make sales or purchases outside the country?\u00a0Zoho Inventory makes currency management easier.\u00a0Zoho Inventory manages currencies for you, daily rate update is built into the app.\u00a0Just assign the currency to your customers or suppliers.\u00a0When the contact’s currency is different from the app’s currency, transactions will be displayed in foreign currency and converted to local currency automatically.<\/span><\/p>\n

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Zoho Inventory for warehouse tracking<\/span><\/h2>\n

With Zoho Inventory, you can manage and track multiple warehouses at the same time.\u00a0This software manages the transfer of stock from one warehouse to another and generates a tracking report.\u00a0You can use the transfer list (picklist) function to simplify picking.<\/span><\/p>\n

In the same application, you can control the flow between warehouses and the location of the different stocks you have for better order organization and simplified delivery.\u00a0You can reduce transport costs by choosing the warehouse closest to the customer.\u00a0This allows you to optimize the delivery and to satisfy your customers even more thanks to a fast and efficient service.<\/span><\/p>\n

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Zoho Inventory simplifies multi-channel selling<\/span><\/h2>\n

This software allows you to communicate in real time with your customers and prospects.\u00a0Managing your calls and emails can be done through Zoho CRM and you get notified whenever someone interacts with your brand or reads an email.\u00a0You can also take advantage of Zoho CRM to monitor user behaviors through social media and use it to create a self-service portal for your customers to view your products.<\/span><\/p>\n

Zoho Inventory software also integrates with various online platforms such as Amazon or eBay which allows you to search for the products you need while monitoring the stock level.\u00a0Thus, this application simplifies the multi-channel sales process thanks to a solution that allows you to manage, control and analyze your various sales channels.<\/span><\/p>\n

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Monitor your orders with Zoho Inventory<\/span><\/h2>\n

Zoho Inventory centralizes your data in a dashboard to give you an overview of the progress of your orders, those that are pending, invoiced, packed or already shipped.<\/span><\/p>\n

As soon as an order is validated, you have direct access to all the information necessary for delivery.\u00a0Zoho Inventory directs you to the nearest location and integrates with multiple logistics platforms for easy delivery.\u00a0In case of out of stock, Zoho guides you to the nearest supplier and allows you to make direct deliveries.<\/span><\/p>\n

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Analyze your business with Zoho Inventory<\/span><\/h2>\n

With the Zoho Inventory tool, you can analyze your business and spot various trends.\u00a0On the home page, you have direct visibility of the status of orders and you receive notifications in case of problems.<\/span><\/p>\n

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Analysis of sales and purchases<\/span><\/h3>\n

With Zoho Inventory, you have access to sales reports that show you the most popular items, the most loyal customers, and preferred payment and shipping methods.\u00a0You are therefore able to discern the various trends and analyze consumer behavior to better satisfy them.\u00a0As for purchases, the reports you receive will allow you to establish a forecast of your future expenses for better\u00a0<\/span>management of your finances<\/span><\/a>\u00a0.<\/span><\/p>\n

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The FIFO method<\/span><\/h3>\n

This is an inventory valuation method offered by Zoho Inventory software.\u00a0FIFO (First In, First Out) allows inventory management and asset valuation.\u00a0You can calculate the value of outgoing stock based on the purchase prices of old items.<\/span><\/p>\n

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How much does Zoho Inventory cost?<\/span><\/h2>\n