Fishbowl’s inventory management features are designed to save companies time and money. And today we’re going to talk about the specific ways Fishbowl does this.Fishbowl has an ROI tool that lets you calculate the savings you’ll receive by implementing Fishbowl and how long it will take for those savings to cover the initial cost of the software. You’ll most likely be pleasantly surprised by the results.Check out the Fishbowl ROI Tool and start inputting the following bits of information into the text boxes to see your savings. These things are separated into five categories:
5 ROI Factors
1. Automation and acceleration
Data entry
2. Increase revenue
Receiving
Picking, packing, and shipping
Reordering
Work orders and purchase orders
Stockouts
Warehouse mapping
Shipping and handling
Product and service offerings
3. Communication and collaboration
Collecting data
Building reports
Automated shipping
4. Workforce optimization
Employee time savings
5. Compliance
Automated pricing rules
Automated costing methods
Getting Your Return on Investment
Your return on investment depends all of the factors above, as well as the costs of software, hardware, and training. These costs, of course, depend on how many users you’ll need and what equipment and training will work best for your company.When all is said and done, you’ll learn how long it will take for the Fishbowl software to pay for itself.