What Is the Best Way to Manage Inventory?

Over the last several weeks I’ve answered the following questions:

What is the best way to manage inventory? Fishbowl Inventory Blog

How do I manage a warehouse?

How do I track inventory in multiple locations?

How do I get the best value for my money with inventory control software?

Now I’m going to take on the biggest question so far: What is the best way to manage inventory?

Oh, what a difficult question this is. Sadly, there is no one-size-fits all answer, but there are a number of criteria you can use to answer this question for your particular needs and situation.

Let’s answer the following questions as stepping stones to answering the big question: Continue reading

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Whiteboard Wednesday: The Many Types of Kits

Kitting is an important tool for businesses. A kit is made up of at least one product, and it can have options for different quantities, features, discounts, and other things.

Watch the video above and James Shores will explain this all much more eloquently. He’ll also explain the different between Standard, Optional, Variable, Optional-Variable, Discount, and Tax-Rate Kits.

Whiteboard Wednesday provides answers to complex inventory management questions. Come back for more awesome videos like this.

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Fishbowl CEO Gives Inventory Control Advice in Podcast Interview

My regular readers are probably thinking, “Wait a minute, didn’t you already do this same blog post last week?” And they’re sort of right. I did publish a similar blog post last week about David K. Williams’ interview with People Development Magazine.

David K. Williams is the CEO of Fishbowl, Fishbowl BlogBut wouldn’t you know it, he’s such a busy guy that he went ahead and did another interview shortly after that one I already talked about. This other interview is with Erin Stewart, and this time Williams focuses not just on how his company works but on how its products, Fishbowl Manufacturing and Fishbowl Warehouse, work.

Here are some of the topics Williams covers in this interview: Continue reading

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How Do I Get the Best Value for My Money with Inventory Control Software?

I’ve been answering complex inventory management questions for the past few weeks. I’ve already explained how to manage a warehouse and how to track inventory across multiple locations.

Maximize your ROI on inventory control software, Fishbowl Inventory BlogNow I’m going to answer the all-important question: How do I get the best value for my money when I purchase inventory control software? There are four main ways to answer this question: cost, features, scaling, and integration. Continue reading

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People Development Magazine Interviews Fishbowl CEO

Fishbowl CEO David K. Williams is a regular contributor to Forbes, and he’s reached more than a million readers in the past two years. One of those readers is Christine Lattimer with People Development Magazine.

David K. Williams is the CEO of Fishbowl, Fishbowl BlogKicking off her magazine’s monthly theme of “Developing Employees,” Lattimer recently interviewed Williams to get his insights into how he’s managed to build a successful business that empowers its employees.

They cover all sorts of topics in the interview, including: Continue reading

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All the World’s a Stage of Production

All the world’s a stage of production, and all the parts and products merely players… or something like that.

All the world is a stage of production, Fishbowl Inventory BlogWilliam Shakespeare didn’t have modern manufacturing processes in mind when he penned that famous line in his play As You Like It, but his words still resonate in the manufacturing industry.

The world thrives on an endless production cycle. Companies constantly obtain and sell new products, customers consume those products and come back for more, and vendors keep retailers well-stocked. Continue reading

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How Do I Track Inventory in Multiple Locations?

Last week I discussed how to manage a single warehouse. Today I’m going to take it a step further and talk about how to manage all of your inventory in multiple locations.

Use inventory tracking software to manage inventory in multiple locations, Fishbowl Inventory BlogThe answer to the question “How do I track inventory in multiple locations?” is actually quite simple: Use inventory tracking software. That might seem oversimplified, but the fact is that pretty much everything you need to handle the complexity of multiple locations is found in advanced inventory tracking software.

This software allows you to: Continue reading

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Whiteboard Wednesday: The 5 W’s of an Inventory Count

Before you do an inventory count, there are five questions you should answer first:

Why is this inventory count necessary?

What inventory are you going to count?

Where is your inventory located?

When are you going to do the count?

Who is responsible for the inventory count?

Once you’ve done that, you should be good to go. Fishbowl CMO Kirk Tanner offers a few more insights into the inventory counting process in the video above. Be sure to check it out, as well as the rest of our Whiteboard Wednesday videos.

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Former Newspaper Publisher Is a Welcome Addition to Fishbowl

Extra! Extra! Read all about it! Rona Rahlf, the publisher of the Daily Herald in Provo, Utah since 2008, left her position with that newspaper more than a month ago to join Fishbowl as its Managing Director of Fishbowl Training Enterprises.

Rona Rahlf is the new Managing Director of Fishbowl Training Enterprises, Fishbowl BlogRahlf worked with Lee Enterprises, the publisher of the Daily Herald, since 1987. Before working at the Utah-based newspaper, she held positions at other Lee-owned publications in New York, Pennsylvania, California, Montana, and Arizona. Continue reading

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How Do I Manage a Warehouse?

As I promised in last week’s blog post, I’m going to start answering complex questions related to inventory management. The first is: How do I manage a warehouse?

Here is how you manage a warehouse, Fishbowl Inventory BlogThis is a big question with several parts that need to be addressed in order to answer it properly: Continue reading

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