Whiteboard Wednesday: How to Optimize Your Safety Stock

Fishbowl CMO Kirk Tanner returns in this week’s installment of Whiteboard Wednesday. We took a few weeks off for Christmas and New Year’s, but now we’re ready to share more insights into inventory management.

The last Whiteboard Wednesday explained how to calculate the true cost of goods and this time Kirk will cover how to optimize your safety stock.

Every business needs to keep a safety stock, which acts as a buffer so that you never run out of products. If you use inventory management software, you can set automatic reorder points to alert you whenever the number of products you have in stock reaches a certain low point and you need to order more.

Manually maintaining safety stock, on the other hand, is much more difficult, as Kirk explains in the above video.

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About Robert Lockard

Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks and small business. Fishbowl is the #1-requested manufacturing and warehouse management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies.
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2 Responses to Whiteboard Wednesday: How to Optimize Your Safety Stock

  1. Pingback: Watch Fishbowl’s First 5 Whiteboard Wednesday Videos | Fishbowl Inventory Blog

  2. Pingback: Whiteboard Wednesday: How Work Orders Help Your Business | Fishbowl Inventory Blog

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