Cin7 - Inventory Management for Growing Businesses

Cin7 - Inventory Management for Growing Businesses

Posted in General by on

Cin7 is an inventory management platform you can use in conjunction with Shopify, designed to help businesses who have to use warehouses in multiple locations. Shopify is an all-in-one e-commerce solution that lets you set up a shopfront, manage your inventory and keep track of your business. It meets many business needs on its own, but for growing businesses that are expanding across multiple locations, it might need a bit of help now and then.

As fast shipping becomes more in demand, many companies with both online stores and brick-and-mortar stores need to manage their stocks across a complex system.

What does Cin7 do?

Cin7 is a software that helps you integrate your inventory management between your storefront, your online store, and your warehouses. It works with your Shopify data, and can help you manage inventory across multiple websites, stores and locations.

Source: Cin7

Third-party logistics

Third-party logistics (3PL) means outsourcing the warehousing and fulfilment for your products and inventory. It’s especially useful for growing businesses and for businesses that want to expand to other countries. Cin7 has a curated list of 3PL partners and helps you scale up and expand your business to new markets without thinking about shipping and fulfilment.

Warehouse management

For wholesale businesses and other B2B businesses, managing warehouses efficiently and accurately is make-or- break. Cin7 has software that lets you manage multiple warehouses in detail and spread stock across spaces, accessible from your computer or phone. They also give you access to EDI, helping you become a supplier for a bigger retail chain.

Tighten the gaps in your inventory

For fast-moving businesses, incorrect information about inventory levels in different warehouses can mean serious delays and problems. Once an order is placed in Shopify, Cin7 knows right away how to adjust your inventory levels so you never get stuck with an order lag and short on supply.

Stay on top of all accounting data

One of the biggest questions to ask with any inventory management software is how well it keeps track of the money. Cin7 keeps track of all order values and accounting data from all your channels, so you have it accurately and in one place. When you use it with Shopify, you don’t need to do anything else - all info is automatically included.

Keep your branches separate or integrated, whatever you need

Cin7 lets you keep inventory that is going to different branches separate, if you need. This can be especially useful for companies that need to reserve particular stock for a major branch, for example. At the same time, you can see exactly where all of your stock is held across your whole system, and make adjustments as needed.

Forecast demand

One of the big things you can do with Cin7, as compared with just using Shopify, is estimate how much more inventory you’re going to need to have to prepare for the next month. Cin7’s forecasting feature lets you prevent overstock while keeping up with all of your demand.

Save time by reducing data entry

If you’re a Shopify store owner looking to expand into a larger inventory management system, Cin7 lets you basically eliminate the headache of transition and new data entry. By connecting directly with your Shopify, all of your sales channels and all of your warehouses, you only have to enter information once. This saves you tons of time, and prevents logistics errors that can cost you customers.

Want to know more about inventory management?

Elkfox is a Shopify Plus Expert, and can help you grow your business using the most up-to-date software development and tools. Talk to us today about using an inventory management system like Cin7 alongside your Shopify account, and managing multi-channel, multi-warehouse, multi-location businesses.

Share

Tags: General



Comments