![]() Make inventory training a vital part of your new hire process, and incorporate inventory efficiency as a component of your scheduled company assessments. If your current software or systems aren't meeting your needs, replace them now rather than later. A makeshift inventory management solution may provide easier and most cost-effective results now, but it's only putting a bandage on a problem. Not Looking at the Long Game It can be so easy to get caught up in your short-term performance that you can lose track of your business' long-term optics, says Entrepreneur Magazine. Ordering your stock to make sure that the oldest item in your stock goes out first will allow you to avoid product loss and provide more consistency to your clientele. Older goods are more likely to become damaged or dusty. Not Rotating Their Inventory The "first in first out" system of inventory control is critical when dealing with perishable products, notes Score Association, but it can be important regardless of the type of business you're in. Implementing an automated, software-based system frees up your staff and allows them to respond to customer demands in the moment. Manual reporting even on a daily or weekly basis can leave you behind the curve. Instead of evaluating their stock and using the analytics to predict what they need to order, they're rushing to keep up with the demands of their customers. ![]() Not Planning For the Future Without a nuanced inventory management system, many companies fall behind. By properly training your employees on your company procedures, you will be able to decrease your lead time, according to Creative Safety Supply, the amount of time it takes to fulfill an order, which will lead to more satisfied customers and a better work rhythm for your company. While this may cost you some time and money in the short term, it can save you bundles over time. Many software providers offer free training. By delegating out the responsibility, you're ensuring consistency around the board. Every company should have a dedicated member or team who understands the ins and outs of your system and can be held accountable when something goes wrong. That's why making sure your inventory managers and regular staff members are qualified for the task is important. Not Properly Training Employees The most powerful inventory management software won't mean much if you don't have the staff in place to put it effectively into action. With a little planning and insight, some of the most common problems can be avoided. Products delivered late or incorrectly can quickly erode your reputation, and a well-oiled inventory system is the quickest way to prevent that. While a strong customer service experience, good pricing, and a clean shopping interface can help you build trust, your capacity for fulfilling orders is just as critical. If you would like more information on the Fishbowl Inventory Manufacturing Software, please visit Software Advice to learn more and to arrange a no-obligation demo or get a price quote.Your relationship with your customers hinges strongly on the efficiency of your inventory system. Getting More Information on Fishbowl Inventory Manufacturing Software Video review of Fishbowl Inventory Manufacturing Software Fishbowl’s seamless integration with QuickBooks allows it to be simple for users to link together manufacturing, sales, and distribution processes and accounting functionality.įor as many as 10 years, Fishbowl has remained with Intuit’s Gold Partner status, a top-level service recognition that third-party partners can gain. The software offers extensive training and support resources through its training videos, online tutorials, in-house specialists and more. ![]() The solution also simplifies the quoting, ordering, and purchasing processes.įishbowl Inventory is used in just about all industries by businesses earning up to $100 million in annual sales revenues. Fishbowl has an inventory-centric approach, and provides features for barcoding, asset management, raw materials management, cycle counting, and customized reporting. ![]() Fishbowl Inventory is easy-to-implement and very affordable, yet sufficiently flexible to meet the requirements of businesses who need simplified inventory control, material requirements planning (MRP), and job shop floor control along with manufacturing execution. ![]()
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