Whiteboard Wednesday: Serial Number Tracking

Serial number tracking might seem like a small detail, but it’s actually a big deal in running a business.

Many businesses have all sorts of data on their customers, inventory, orders, and other important things stored in Excel spreadsheets. But they may not have a way to quickly sift through all of their data and find patterns, trends, etc.

Fishbowl CMO Kirk Tanner explains more about serial number tracking and how it helps with inventory monitoring, tracking, quality assurance, and recalls/warranties in this episode of Fishbowl’s Whiteboard Wednesday.

Whiteboard Wednesday is a series of videos explaining key inventory management concepts using easy-to-understand visuals and words. Last week, Kirk listed three inventory metrics your business should be using. Come back next week for another interesting episode.

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French Polynesian College Student Gets Real-World Experience at Fishbowl

Amid the sea of sandals, jeans, and T-shirts that are the norm at Fishbowl’s office, a pair of polished dress shoes with a matching black suit, white shirt and tie strolled around, looking crisp and conspicuous last week.

Tamatoa Capelle studied supply chains in the real world during his visit to Fishbowl from BYU-Hawaii.But the casual wear of Fishbowl employees didn’t bother the impeccably dressed Tamatoa Capelle. “This company cares about what’s inside people, not how they look,” he observed.

From Books to the Real World

Tamatoa, an undergraduate student at Brigham Young University-Hawaii, was selected by his school to come to Utah Valley for a week to get some hands-on learning in his field of expertise: Business Management with an emphasis on Operations and Supply Chain Management. He hopes to become a Supply Chain Manager someday. Continue reading

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‘Easy Come, Easy Go’ Order Management

Every company should have an “easy come, easy go” order management system. In other words, it should be easy to order products and receive them into your warehouse, and it should be just as easy to then pick, pack, and ship them off to customers.

Easy come, easy go order management, Fishbowl Inventory BlogA Quicker Order Management System

To have an “easy come, easy go” order management system, you should get software that allows you to do the following things: Continue reading

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Whiteboard Wednesday: 3 Inventory Metrics You Should Be Using

This is the 20th video in our Whiteboard Wednesday series! After doing so many videos, we’ve covered an expansive group of inventory management topics. And we are just getting started.

Last time, Kirk Tanner went through the usefulness of having an EDI solution, especially when working with large retailers. This time he goes back to the basics to talk about three inventory metrics that every business should be using.

Those three metrics are:

1. Inventory Levels – How much of each product you have in storage.

2. Inventory Turnover – How often you sell everything you have on hand.

3. Cycle Time – How long it takes to complete an operation, such as fulfilling a customer’s order.

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How Much Time Could You Save with Inventory Control Software?

How much time could you save by using inventory control software to help you automate your business processes? We’ll answer that question, but first let’s talk about what inventory control is.

Use part tracking software to keep perishable items from going bad, Fishbowl Inventory BlogInventory control involves many tasks, such as

  • Reordering products
  • Storing products in their warehouse(s)
  • Keeping track of inventory in multiple locations
  • Picking, packing, and shipping items to customers
  • Manufacturing products
  • Tracking inventory amounts and locations
  • And many others

The point of inventory control software is to help businesses save time and manpower as they perform these tasks. Continue reading

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There’s No Excuse to Have No SKUs

Excuse me, but are you using SKUs to track the products in your inventory? If not, now is a good time to start. Fishbowl Inventory uses SKUs and similar tools to monitor inventory levels, track orders, and perform many other inventory-related tasks.

The difference between a UPC and SKU, Fishbowl Inventory BlogFishbowl Inventory’s Product module offers in-depth information on each product you have in stock. Products can be identified using various means, but two of the most popular ones are UPCs and SKUs.

UPC stands for Universal Product Code and SKU stands for Stock-Keeping Unit. Continue reading

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Whiteboard Wednesday: Benefits of an Electronic Data Interchange (EDI)

Welcome to another installment of our long-running Whiteboard Wednesday series. We’ve covered a lot of inventory-related topics in these videos, last week going through the ins and outs of retail inventory management. This week Fishbowl CMO Kirk Tanner returns to delve into the benefits of using an Electronic Data Interchange (EDI).

Whether you’ve got a big or small business, you should definitely use an EDI. It helps to standardize your billing and ordering forms. Most large retailers, like Target and Wal-Mart, refuse to do business with any company that doesn’t have an EDI, so it’s extremely important that you get one.

Not only should you have an EDI, but you should make sure it works with your inventory management system.

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Don’t Let Goods Go Bad

When goods go bad, it’s not good for anyone. Customers don’t get products and businesses have to take a loss.

Use part tracking software to keep perishable items from going bad, Fishbowl Inventory BlogTo solve the problem of perishable products going past their expiration dates before being sold, businesses should use part tracking software. Fishbowl Inventory is one of the most popular software solutions that help small and midsize businesses keep track of their products in multiple locations.

Fishbowl Inventory gives users the ability to track parts by a virtually endless number of criteria, including: Continue reading

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Gotta Lotta Lot Numbers? You Oughta Try Fishbowl Inventory

A lot number is one of many means businesses use to track items in warehouses and in transit.

Gotta lotta lot numbers? Fishbowl Inventory can help, Fishbowl Inventory BlogEvery product you receive from a manufacturer or vendor should have a lot number assigned to it. This keeps it distinct from other products and allows you to monitor the number of products you have in stock and where they are kept.

It’s easy for lot numbers to pile up as your business expands and you carry more and more varieties of products. So the question is how do you keep track of everything when you’ve gotta lotta lot numbers? Continue reading

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Whiteboard Wednesday: Retail Inventory Management

This Whiteboard Wednesday offers another insight into inventory management topics important to your business. Fishbowl CMO Kirk Tanner, fresh off of tackling QuickBooks inventory management last week is back to take on retail inventory management.

In general, there are three sides of a retail business: sales, accounting, and inventory management. If retailers try to keep track of these three areas using paper notes or separate, unconnected software solutions, they’ll run into many problems and risks.

There’s a better way to keep your sales, accounting and inventory records accurate and in tune. Kirk explains how it works in the above video.

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