Inventory is an important part of business. It refers to the raw materials, semi-finished products or finished products that a business reserves as inventory to sell to customers or use in production. Moreover, managing inventory involves many processes such as shipping, delivering goods to customers, creating invoices or bills, etc.
Automating your inventory-related activities
can simplify your tasks and save you precious time tracking and organizing them. It can also help you ensure that the right products are available in the right quantities when needed. Automating inventory management enables businesses thailand phone number data to streamline processes and increase efficiency.
Now, how do you automate inventory management using CRM?
With Vtiger’s Inventory add-on, you can simplify order management with the help of different Vtiger Inventory modules. They are:
Sales Order (SO): An official document sent by a seller
to a customer confirming the sale of goods and services. The sales order should cover all important details such as delivery date, delivery address, payment method, etc. Companies keep internal documents to track the number of orders they can fulfill.
Purchase Order (PO): A formal document how to formulate a return policy (+ free template) (2025) sent by the buyer to the supplier mentioning the quantity, amount, agreed price, etc. of the product you want to purchase.
Bill: The amount to be paid to the supplier after receiving goods and services. It can be generated from a PO.
Invoice: A non-negotiable statement issued to the customer listing the quantity of items purchased. The customer will pay upon receipt of the invoice.
Credit Note: When a customer is not satisfied with a product or finds some defect, a credit note can be generated on an invoice or a refund. This switzerland leads is the amount that has to be repaid to the customer.
Delivery Note: A document that mentions
the list and quantity of products ordered by the customer. It is sent during the transportation of goods and services. The delivery note should include the name and contact details of the customer and seller, date of issue and date of delivery, etc. It can be generated from SO.
Receipt Note: An internal document generated after a delivery (e.g., from a supplier) has been inspected to process and match your purchase order, as proof of receipt of the goods.
Sales Return: This is the sold goods returned by the customer. It can be created from the delivery note and the product quantity will be automatically updated in the product module.
Purchase Return: When the buyer returns goods and services to the vendor. It can be created from a goods receipt.
Stock Adjustment: A module used to adjust
the stock of products in CRM. It updates when the stock quantity increases or decreases automatically.
Stock Reservation: It allows you to reserve stock from being sold. In case of emergency, your customers can ask you to reserve stock for them.
Let us understand the use of all these modules by understanding a business use case
Vtiger Inventory Add-On, a simplified inventory management system
Vtiger Inventory Add-On mainly benefits industries like manufacturing, retail, e-commerce, etc. and will help them to manage their business operations efficiently.
Let us consider the following example.