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Reorder Point Calculator
The Reorder Point is the threshold at which you should order more products to prevent shortages while also avoiding overstock. That way bulk ordering would not be a waste of time. But remembering the reorder point formula isn’t always convenient. This Reorder Point Calculator will help you quickly calculate when you should reorder a specific […]
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What You Need to Know about Consignment Inventory
What is consignment inventory, and is it the right model for you. Picture this: You’re a manufacturer that produces high-end audio equipment, like speakers and headphones. You recently launched a new product line with innovative features. While you know the technology works and provides value, you’re unsure about the market reception, and so remain reluctant […]
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8 Effective Ways to Reduce Manufacturing Waste
In this article, we’ll take a look at what manufacturing waste is and how you can reduce it. Producing some manufacturing waste is part and parcel of the manufacturing process. But if left unchecked, it can quickly accumulate to unsustainable levels, leading to environmental damage, costing your company money and potentially damaging its reputation. Need […]
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How to improve Warehouse Efficiency
The efficiency of your warehouse is an integral part of your business. Find out how to improve your warehouse efficiency with these 4 strategies. A warehouse that’s operating efficiently allows you to control costs, maximize productivity, improve overall customer satisfaction, and ultimately, boost your bottom line. But how exactly do you improve warehouse efficiency? Let’s […]
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A Guide to Eco-Friendly Shipping
Read about the importance of sustainability in e-commerce and how businesses can implement more eco-friendly packing and shipping protocols. Today, e-commerce plays a more significant role in our economy than ever. The COVID-19 pandemic seemed to accelerate the shift toward online shopping in 2020, but worldwide yearly e-commerce sales have steadily increased since 2014. This […]
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What are the primary reasons for holding inventory?
Learn the reasons for holding inventory and its effects. Picture this: You’re a manufacturer who produces high-end furniture for your clients. You source raw materials from suppliers with three to four weeks lead time, and your entire production process takes another two. To ensure you can meet customer demand quickly and efficiently—and to keep customers […]
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Decentralized vs. Centralized Manufacturing: What’s the Difference?
Learn about the benefits and differences of both approaches. It’s no secret that manufacturing is crucial to the global economy. It transforms raw materials into goods we consume daily, drives economic growth, creates jobs, boosts innovation, and helps countries participate in global trade. But not all companies use the same manufacturing approach, with some opting […]
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Answers to 5 Big Inventory Management Questions
Learn how to manage a warehouse, track inventory in multiple locations, and manage inventory the best way possible, plus two more important things. […]
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Reorder Point Formula and Calculator: A Quick Guide
In this quick guide, you’ll learn what it is, why it matters, and how to calculate it using a handy reorder point calculator. What is the reorder point? Constantly experiencing stock shortages? Unable to meet demand? Need more cash? The reorder point (ROP) can help. The reorder point or ROP is the inventory level at […]
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How inventory management software can help set your brand apart
How and why an integrated management system can benefit your organization through increased efficiency and set you apart from the competition. For SMBs looking to create a website and build a brand, it can be difficult to reach new customers. After all, the marketplace is competitive, and large e-commerce heavyweights can justify a lower price […]
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How Fishbowl’s CFO prioritizes operational efficiency
Fishbowl’s CFO, Brian Lanier, shares the importance of driving operational efficiency with data. Making data a priority seems fundamental, but when you think about it at a high level, for a finance leader to make their company operate more efficiently, data takes the highest priority. Throw in the fact that a CFO also must look […]
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The rise of the subscription model and how any business can start selling it
The subscription business model is on the rise, with 70% of business leaders saying it will be critical to their growth in the coming years. This model is not new, but new technology is driving growth. Just think of the growth in streaming services and how smartphones have made subscriptions more accessible globally. It’s also […]
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10 Business strategies to control costs and avoid raising prices
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 […]
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6 Tips on how to apply Lean Manufacturing in 2023
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 […]
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Lean Manufacturing with ERP: A guide to choosing the right software
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, […]
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7 reasons SMBs should introduce cashless payments systems
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 […]
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How Fishbowl is evolving with the future of digital payments
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 […]
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4 Signs Your Business Needs a New Inventory Management Solution
A business’s inventory management solution should be tailored to its needs. If it doesn’t work for you, keep looking until you find one that does perfectly. […]
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How Port Congestion Is Causing a Markup in Shipping Container Prices
Supply chain complications in recent years have created port congestion, wild price fluctuations, and other problems for the container shipping industry. […]
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7 Key Considerations When Creating Labels for Your Products
With a well-designed label, a product can fly off the shelves. But there’s a lot to think about when working on how to put together this part of your packaging. […]
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What Is Last-Mile Delivery and How Can Your Business Get It Right?
Last-mile delivery is the final stage in the fulfillment process and includes steps that bring a package from a local hub or warehouse to the customer’s door. […]
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6 Practical Pallet-Storage Methods to Optimize Warehouse Operations
Proper pallet storage is vital for ensuring smooth warehouse movement. Make your warehouse more efficient with these pallet-storage tips! […]
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Time to Face the Music: Lean ERP Is the Greatest
It’s time to face the music and stop using a big, clunky ERP in favor of a lean option in your small or medium-size business. One that can grow with you. […]
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The Right Safety Stock Leads to Improved Inventory Results
Safety stock is the number of products a business keeps on hand as a buffer to prevent stockouts, like how your body keeps a little fat when food gets scarce. […]
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Hospitals: Inventory Management Is More Important Than Ever
2010 was a terrible year for hospitals, in terms of their inventory management. Their stock of more than 200 types of medicine fell to dangerously low levels.
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What Is the Right Price to Pay for Inventory Software?
Every business must ask how much inventory software should cost. You can’t get something for nothing, but you should expect high quality for the right price. […]
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Choosing Affordable Inventory Management Software
When comparing inventory management software to find the best deal, you should look beyond the price tag at things like hidden costs, ROI, and ease of use. […]
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How to Know When You Need Inventory Management Software
Let’s look at the reasoning behind three primary arguments for using inventory management software and see if it applies to your business. […]
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API vs. Flat-File for Data Transfers – Which Method Is Better?
The rise of the API in the past few years has somewhat sidelined discussions of other data transfer methods, but there are other good options to consider. […]
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Important Inventory Management History You Need to Know
Let’s go through a brief history of inventory management and barcodes to see what an amazing invention inventory management software truly is. […]
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4 Proven Ways to Take Stock of Your Inventory Management
The right inventory control software can take stock to improve your inventory turnover ratio, supply chain management, order fulfillment, and time management. […]
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Do You Need a Big Warehouse to Boost Profit?
Whether you’re considering buying a new house, moving into a new warehouse, or ordering a meal, think about what you really need more than just what you want. […]
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10 Goals of Good Inventory Management
With smart inventory management, your business will enjoy many benefits. Here are the top 10 benefits of good inventory management. […]
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Barcodes: What Are the Different Types?
Barcodes are so mysterious, aren’t they? Just one little scan with a red line and suddenly you have a bunch of information on a screen. […]
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6 Big Advantages of Using CNC Machining for Your Business
To help you see the value that CNC machining represents, here are a few of the fundamental advantages that will justify your decision to invest in this tech. […]