No company can totally avoid the impact of increasing costs. But there are strategies that can help companies remain profitable while keeping their customers happy.
When the cost of doing business rises due to factors, like supply chain constraints, labor shortages, and inflation, customers often bear the brunt as companies frequently raise prices to cushion the blow.
However, there are strategies to control costs, keep prices in check, and keep customers happy. Here are 10 business strategies to consider.
Fishbowl’s Director of Customer Experience, Skyler Johnston, shows us how manufacturing companies can implement specific tactics to become more lean.
With ever-changing new technologies and trends within the manufacturing industry, there has never been a greater emphasis on enhanced productivity and the need to eliminate unnecessary waste. Lean manufacturing is an excellent shift for companies that want to improve efficiency and increase productivity. This method can free up employees and resources for innovation, quality control, and more time working on strategic work.
I got the chance to speak with Fishbowl’s Director of Customer Experience, Skyler Johnston, on how companies can tackle some of the challenges of implementing lean manufacturing within their companies with six tips he has become an expert on.
Skyler’s primary goal as Director of Customer Experience is to improve the journey from start to finish. From implementation to satisfaction and retention, his goal is customer obsession. Before this role, Skyler was a Director of Customer Onboarding, which has made him a bit of a Fishbowl expert on the following six tips.
Whether you are new to lean manufacturing or looking to invest in a new ERP, this guide will help you become better informed to make the right decision for your business.
With the technology landscape becoming more competitive every year, choosing the right ERP solution for your business can be daunting. For lean manufacturers, running an efficient business is fundamental, and implementing the right ERP for your business can make all the difference to your business’s success and growth.
There are hundreds of products on the market, so manufacturers must be educated on choosing the right solution to fit the exact organizational needs, goals, and scalability potential. Before diving into the main content of this guide, some manufacturing businesses may ask themselves, “Why do I need ERP software?”
While cash payments are still in use, we are moving closer to becoming a cashless society.
Over the years, we have seen significant advances in the fintech industry, leading to new innovative payment methods and allowing businesses and consumers several cashless payment methods to consider. Cash won’t disappear anytime soon, but consumers and SMB owners are experiencing the digital transformation right before their eyes, and implementing various payment methods offers a secure, convenient, and efficient solution for all parties.
Speed, efficiency, and accuracy are essential in the logistics industry. Today, there are still SMBs that use manual systems of tracking payments and orders, which can be cumbersome and slow and possibly have a high potential for human error. In these types of businesses, streamlining supply chain operations and improving logistics efficiency, while also saving money, is key. An effective payment system, integrated into an established workflow, helps teams work more efficiently and allows more time to provide a positive customer experience.
In this article, we will go over everything about cashless payments and the 7 reasons SMBs should introduce cashless payment systems in their workflows.
Fishbowl is helping small and midsize businesses stay ahead of digital payments by utilizing an integrated payment solution.
One of the most critical questions small and midsize businesses (SMBs) should ask themselves is – are their payments keeping up with digital transformation? With technology becoming more innovative, the best businesses are doing all they can to protect their customers from threats, and giving them the most convenient, secure, and streamlined payment options.
Today, nearly 80% of customers prefer online payments over traditional payment methods. This is where an integrated payment solution shines. An integrated payment processing system, or payment gateway, allows you to accept payments over the phone and online. You can also set reminders for customers through text and email invoices, and set up recurring payments within the payment system.
To stay relevant and to evolve consistently with the future, Fishbowl has created its own integrated payment solution, called Fishbowl Payments. As we pride ourselves on being the industry’s most flexible ERP software solution for warehouse and manufacturing businesses, we want to help businesses give their customers the best payment experience and create long-term retention.
Before diving into what Fishbowl Payments is and how it is helping teams give a flexible and convenient payment experience, let’s talk about the benefits of integrated payments and how SMBs can operate more efficiently by investing in this solution.
Inventory management systems are essential for your business. They help track the ins and outs of your stock with precision.
However, not all inventory systems are built the same. Some inventory systems might work well for your business, while others won’t. So it’s up to you to evaluate your current inventory management solution and see if it suits your business well.
But first, here’s a list of some essential functions a good inventory management solution should do:
So when will you know that your current inventory management solution isn’t working for you? The following four critical signs will tell you when you’ll need to look for a new inventory management solution.
Supply chain complications and the ever-evolving pandemic have meant strange times for the container shipping industry, including port congestion and wild price fluctuations. There’s also a massive shipping container shortage playing out. If anyone was hoping that things would eventually return to normal, that’s not looking to be the case.
Securing $59 billion in profits for the first quarter of 2022 certainly was a promising achievement, as it set new records and was driven almost entirely by competitive pricing. However, it doesn’t change the arduous state that the logistics and shipping industry is currently facing.
Those shipping and container prices will continue, and all-time highs may also occur, but it’s still important to consider the primary factors for these trends. What else is causing a high markup in shipping container prices? Is it port congestion, demand, and freight increases, or is it something else entirely? When is the shortage going to end?
With a well-designed label, a product can fly off the shelves. But there’s a lot to think about when working out how to put together this core part of your packaging, and also plenty of room for mistakes to be made.
To avoid this, here are the most important things to keep in mind when you’re developing new product labels, and why they matter.
Every eCommerce fulfillment stage is equally vital and should be treated as such if you want your packages to reach your customers. However, last-mile delivery often receives the most attention due to its importance, complex implementation, and hard-to-solve logistical issues.
Warehouse optimization requires assessing numerous interlinked aspects and understanding how they influence each other. Appropriate pallet-storage methods are also vital for ensuring quick access and promoting smooth warehouse movement. Learning about and applying pallet-racking tips can improve worker output and safety.
