10 Goals of Good Inventory Management

10 positive results of using better inventory management, Fishbowl Blog

What are the goals of good inventory management? Inventory management helps businesses be successful.1 That is as much of an understatement as saying the sun’s surface is warm. Of course inventory management is a crucial part of any business’ success! There is no denying that fact. After all, it is how you obtain the goods you need to fulfill orders and keep your customers happy.

With smart inventory management, your business will enjoy many benefits. The following are the top 10 positive results of good inventory management:

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There’s a Fishbowl Report for That

There's a Fishbowl report for that, Fishbowl Blog

Did you know that there is a Fishbowl Store where you’ll find more than 30 reports?

These reports address a huge spectrum of needs. They let companies print barcodes, conduct cycle counts, keep track of firearm sales, monitor monthly revenue goals, and much more.

Let’s talk about these reports, listed in alphabetical order:

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There’s a Fishbowl Report for That – Part 3

These reports are the tip of the iceberg of what Fishbowl can do, Fishbowl Blog
These reports are the tip of the iceberg of what Fishbowl can do, Fishbowl BlogWe’re back for another big helping of Fishbowl reports. In the last few weeks, we’ve covered 24 reports, ranging from barcode printing to manufacture order summaries. Fishbowl’s reports are designed to help with many aspects of inventory management, including picking, cycle counting, rotating inventory, complying with government regulations, and more. Let’s see what we have in store this week by delving into eight more useful reports: (more…)

Whiteboard Wednesday: 3 Inventory Metrics You Should Be Using

Fishbowl's Whiteboard Wednesday video series explains complex inventory management topics in easy-to-understand terms, Fishbowl Inventory Blog
This is the 20th video in our Whiteboard Wednesday series! After doing so many videos, we’ve covered an expansive group of inventory management topics. And we are just getting started. Last time, Kirk Tanner went through the usefulness of having an EDI solution, especially when working with large retailers. This time he goes back to the basics to talk about three inventory metrics that every business should be using. Those three metrics are: (more…)

Mr. Miyagi’s Top 10 Inventory Management Tips – Part 2

We’re back with the action-packed second half of the top 10 inventory management tips from The Karate Kid’s Mr. Miyagi. You can find the first half of the list here: “Mr. Miyagi’s Top 10 Inventory Management Tips – Part 1.” Without further ado, on with the show! (more…)

3 Ways Food Producers Benefit from Using Fishbowl Inventory

Fishbowl Inventory helps businesses in many industries cut costs and reach their potential through better inventory management. These industries include manufacturing, ecommerce, wholesale, retail and food production. (more…)

How to Turn Your Inventory Turnover Ratio Around

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Would you like to know if your organization’s inventory management system is running as efficiently as possible? You don’t have to go by gut feelings or opinions, but you can actually use hard data to track your performance over time. A good way to start is by measuring your annual inventory turnover ratio. Much like the Boy Scouts of America, your company’s inventory should do several good turns annually! We will discuss what an inventory turnover ratio is, how to tell if your ratio is healthy or not, and how to improve it. (more…)