Inventory Management – Fishbowl Blog

In inventory management, metrics are everything. Carrying costs tell you how much money holding inventory will set you back. Lead times measure the time it takes to receive…

Fluctuating prices and complex calculations make it hard to accurately value inventory. Methods like weighted average cost (WAC) make it easy. The WAC method smooths out price…

Aerospace manufacturing is a uniquely demanding industry. A single missing part can lead to costly delays — or even compromise staff and customer safety. Optimizing aircraft…

Meeting customer demand requires you to fill orders — and quickly. Because of this, many businesses stockpile inventory to have enough materials on hand to avoid production or…

If you’re going to use an Excel inventory management solution, you might as well do it right. That’s why Fishbowl offers this Excel Inventory Template.

Late deliveries. Failed audits. A surplus of stock you’ll never sell, or worse — orders you can’t fulfill. These are all issues that cost your company, both financially and…

How inventory management benefits business There are a variety of inventory management terms, like safety stock and economic order quantity, that businesses need to comprehend to…

It’s your business’s busy season, and warehouse workers are packing orders fast. But they run into a roadblock: Your records say 200 units of a product are available, and there…

At the end of our blog post about Fishbowl’s Sales and Purchasing Dashboards , we promised that more of these dashboards would be coming soon. And now we’re making good on that…

No company wants to deal with damaged inventory, but errors and accidents are unavoidable. Workers drop boxes, trucks leak in the rain, and manufacturers make mistakes during…

Effective inventory management is crucial to business success because it is the foundation for maintaining optimal stock levels, meeting customer demand, minimizing costs, and…

If you help run a surgical department, you know how stressful the job can be. It’s a daily challenge to balance the pressure of providing care and managing surgical inventory. The…