4 Signs Your Business Needs a New Inventory Management Solution

4 signs your business needs a new inventory management solution, Fishbowl Blog

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:

  • Accurately forecast stock demand and sales
  • Highlight high-selling and profitable products
  • Manage stock levels, orders, purchases, etc.
  • Prevent overstock and stockout situations

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.

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How to Manage Old Antiques with New Inventory Software

Antique inventory management can be done on paper or with software, Fishbowl Blog
Antiques inventory management can be done on paper or with software, Fishbowl Blog

It might seem anachronistic to talk about managing antiques with state-of-the-art inventory management software. But the truth is that you can track virtually anything with modern tools. Antiques are no exception. You can use the following features found in inventory management software to keep a close eye on your antiques:

  • Tracking criteria
  • Multiple locations
  • Barcode scanning
  • Consignment
  • Point of sale

We’ll go through each of these topics in this blog post. And then you’ll be free to decide if an inventory solution is a worthwhile investment for your antique business.1

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Finding the Best Inventory Management Solution

Buried money, Fishbowl Blog

In the blog post “The Quest for the Perfect Inventory Management Software,” we were hunting for the best solution to our inventory management needs. Now we’ll finish our search and talk about how to find the right solution, not just look for it.

There are two main criteria you should look at to find the best inventory management software: 1. what it does for you, and 2. what features you expect from it.

A great way to tell if inventory management software is right for you is if it produces the results you’re looking for. What are you looking for? Let’s talk about several things that should be high on your list.

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Everything You Want to Know About Using Fishbowl

Use the Fishbowl Wiki, training videos, and more to learn the software, Fishbowl Inventory Blog

We are going to discuss many of Fishbowl’s products, as well as their uses and training options. Fishbowl offers the #1 manufacturing and warehouse management solutions for QuickBooks, plus a variety of other solutions to help with additional aspects of business operations. Here’s a sneak peek:

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Answers to 5 Big Inventory Management Questions

Answers to five comprehensive inventory management questions, Fishbowl Blog

Let’s answer five complex questions related to inventory management. Those questions are:

  • 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?
  • What is the best way to manage inventory?
  • What results can I expect from using inventory management software?
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Using the User Module

Fishbowl Workforce helps small businesses comply with the Affordable Care Act by keeping track of their employees' hours, Fishbowl Blog
Fishbowl Workforce helps small businesses comply with the Affordable Care Act by keeping track of their employees' hours, Fishbowl BlogThe User module shows you, in the role of an administrator, all of the users you currently have in your system. It also lets you create new users and assign them certain user rights by adding them to certain user groups and location groups within Fishbowl. When creating a new user, you need to add a bunch of information about them: (more…)

Exploring the Location Group Module

Use inventory tracking software to manage inventory in multiple locations, Fishbowl Inventory Blog
The Location Group module is what you use to create a broad category for smaller locations to be filed under in Fishbowl. A location group can be any kind of structure or place with many sections inside it. You can have dozens of locations in a single location group. (more…)

Navigating the Shipping Module

Lower the costs of your warehouse-to-warehouse shipping, Fishbowl Blog
Lower the costs of your warehouse-to-warehouse shipping, Fishbowl BlogLast week we covered how to pick items to fulfill orders, and that naturally leads into this week’s topic: the Shipping module. After all, picking, packing, and shipping go together like snap, crackle, and pop. You can use this module to pack and ship items that you’ve previously picked. And there are a few other functions that we’ll get into as we explore the Shipping module. (more…)