Making the ebb and flow of data as efficient as possible is a priority, especially if you’re dealing with large volumes of information that are crucial to productivity levels in your business. A number of methods are available to achieve this, and it’s common to have to choose between a flat-file architecture and an API integration.
If you’re struggling to decide, or you’re entirely new to this concept, we invite you to join us as we go over the basic principles of each, and the benefits they bring to the table.
Brian Hayes joined NOW CFO as a consultant in 2014 and quickly became a partner in the firm. He was instrumental in opening new markets in San Antonio and Austin, Texas. He then became a Regional Partner in the Salt Lake City, Utah office with responsibilities managing offices in Utah, Idaho, Nevada, and Arizona. In May 2021, he was promoted to Chief Financial Officer of NOW CFO and manages all accounting and finance functions for NOW CFO and its offices nationwide.
Hayes has worked in multiple industries, providing accounting and financial leadership. He started in the structural fumigation industry where he was responsible for financial and operational management in San Diego, California. He moved to Utah in 2012 and shortly thereafter, started his own accounting firm and was quickly hired by a client to become their controller and operations manager. His influence was key in helping to negotiate a large purchase and merger of a fruit processing facility in Brazil. During this time, he completed his education.
His experience includes price modeling, inventory management, nonprofit accounting, land development, construction accounting, cash-flow management, financial statement preparation, as well as managing and growing businesses through mentorship and sales leadership.
He attended Colorado Technical University in Colorado Springs and obtained his Bachelor’s of Science in Accounting and his MBA in Finance.
When most people think of analytics, they think of marketing. However, the field of inventory analytics is a growing industry—providing unmatched advantages to the businesses that utilize this new and innovative technology.
For example, companies can use detailed reports generated by Fishbowl’s inventory management software to explore specific avenues of their operations. Manufacturers can check the Available to Build report to see how many finished goods they could produce given their current number of raw materials. Retailers can look at the Historical Part Cost report to see what a certain item has cost them to obtain in the past using FIFO, LIFO, average, or standard costing methods. Wholesalers will find the Sales Order Summary report particularly useful in spotting trends over time and checking the status of orders that are either open, in process, or fulfilled.
While it may require an investment in new hardware and the implementation of new software, the benefits far outweigh the costs. (more…)
Data makes the world go around — it’s as simple as that. The vast majority of businesses are now run primarily by computers and technology. The majority of financial records, for businesses and individuals, are tracked and stored through big data nowadays.Inventory is no different, of course. Understanding how data is shaping inventory management will help you become more efficient and knowledgeable as an inventory manager in 2018 and beyond. Here are some important ways data is being used and progressing in the inventory world, as well as what it should mean to you.(more…)
Software Connect’s Warehouse Management Software Buyer Trends – 2018 Report is out, and it offers revealing insights into what WMS buyers are looking for. This report includes data from 116 WMS buyers recorded over the course of two years. The industries they represent include distributors of durable and nondurable goods, made-for-stock and job shop manufacturers, food and beverage distributors, medical distributors, and transportation. Let’s get into the biggest takeaways from the report.(more…)
The Data module gives you the option to view and export information from the Fishbowl database, though none of it can be updated from this module. You can run queries, save them, and export them to CSV and XLS files.(more…)
Ah, reports. They help you make sense of unwieldy amounts of data that would otherwise be practically incomprehensible. And we’re going to report on the differences between manually and automatically generating reports on inventory data.(more…)
The Forecast module is a Fishbowl Plugin that is part of the Fishbowl interface. This is a bit different than separate solutions provided by Fishbowl and other companies. There’s nothing to download or install. You simply have to get the right credentials and then activate the Forecast module through Fishbowl’s Plugin module.The Forecast module uses sales numbers and other information across a certain time period to predict upcoming sales, quantities, and costs. It then presents all of this data through a number of filters and chart types.Here are the features you’ll find in this module:(more…)
A new Software Advice report offers a lot of interesting insights into what types of companies bought supply chain management software in 2016.This line from the article is particularly telling: “It’s a familiar tale: A small third-party logistics (3PL) or manufacturing firm has been getting by using pen and paper, clunky spreadsheets or outdated software. But now, they’re at a crossroads and must either upgrade their IT infrastructure or languish.”Exactly. As small businesses get bigger and face more logistics challenges, it’s simply not cost effective to keep depending on old, outdated methods of managing inventory. They have to modernize or else they won’t be able to keep up with their more advanced competitors.(more…)
A successful business starts with identifying the right audience in which to market your products or services. And while this target market is key to your success, you must also select a segment that is large enough to sustain your business, whether you’re catering to a specific gender, income group or lifestyle. But you must also be able to gauge your consumers’ actions by using some of the available tools and properly interpreting the results.The following are some ways you can better anticipate your customers’ actual behaviors, which can mean the difference between success and failure.(more…)