These features result in many benefits for warehouse managers and manufacturers. Businesses that adopt integrated inventory management strategies see boosts in profits, productivity, and customer satisfaction due to the factors we will get into below.
Boosted warehouse efficiency
Barcode scanners boost warehouse efficiency by automating some labor-intensive tasks and outmoding others. While in-person inventory counts can still be helpful to hold systems accountable to real-world observation, barcode scanners still allow manual inventory checkers to work at expedited rates. The system will automatically update as soon as they scan the products.
Other tasks like manual reordering can be handled automatically, requiring none of the conventional labor of stock monitoring and reorder scheduling. This saves warehouse uptime for higher-order tasks, such as reassessing seasonal reorder points.
By providing more time for tasks that matter, barcode scanning makes warehouses more efficient while boosting profits.
Improved analytics
Analytics in warehousing have traditionally resulted from expensive and labor-intensive processes. Companies interested in keeping detailed stock levels, predictive inventory strategies, KPI analyses, and other metrics, traditionally hire expensive third-party consultants to collect and analyze data.
Often, by the time analytics have been evaluated, the window for forming useful management strategies based on those numbers has already passed.
QuickBooks inventory management software drastically improves the process of generating and analyzing data in the warehouse industry. The system collects data on real-time stock updates, performance metrics, reorder schedules, and more to deliver actionable reports that inform management decisions with updated KPIs.
Not only do warehouses pay less for analytics using barcode scanners, but the analytics also provide greater benefits to efficiency and performance.
Fewer errors
Manual inventory counts are prone to human error, as are paper reports, manual data entry, reorder schedules, and other conventional processes. Automating data entry frees labor for more significant tasks and frees warehouses from the costly consequences of inventory management errors.
Better business decisions
Having accurate and up-to-date information is crucial for making informed decisions and maintaining a competitive edge. With analytics and lack of errors with powerful automation it will serve as the foundation for more efficient operations.
Easy inventory tracking across multiple locations
The above benefits compound for businesses with multiple inventory locations to track. While multiple warehouses make manual inventory counting exponentially more difficult, QuickBooks inventory management can be scaled to multiple locations.
For the manager of a manufacturing business, multi-location management is a familiar ROI headache that inventory management software can relieve.
How to use a barcode scanner for inventory in QuickBooks
QuickBooks inventory scanners offer a simple management method for warehouse inventory. However, some troubleshooting may be required at first to match your warehouse’s technology to the new workflow.
When properly deployed, a QuickBooks inventory scanner can offer impressive features to inventory-intensive businesses, especially those that plan to expand to more warehouse locations.
Set up your QuickBooks inventory scanner with Fishbowl for easy inventory management
Despite numerous benefits, QuickBooks inventory management software can struggle to integrate new processes on its own. There are many unknowns, such as the brand of the barcode scanner, the business’s unique workflow, and even the user’s account status since QuickBooks Online and QuickBooks Desktop Pro and Premier lack the advanced inventory management features of other accounts.
An integrated approach to warehouse management with Fishbowl’s inventory management tools gives businesses a shortcut to the benefits of successful QuickBooks implementation.
Fishbowl focuses on centralization: inventory, warehousing, and manufacturing features on a single platform. QuickBooks can’t cover them all on its own, but it doesn’t have to with Fishbowl supporting its feature gaps in the background using its own performance management tools.
Ready to take your inventory management to the next level?
If your business could benefit from streamlined inventory management using barcode scanners, advanced analytics, and automatic reorder points, feel free to request a demo and try Fellow to experience real-time data synchronization for all your most important business decisions. See why Fishbowl is the number one choice in inventory management software for QuickBooks users.