Inventory – probably the largest asset on your balance sheet and the one thing that makes your business go. You depend on your inventory control group to have the right combination of pieces and parts to keep production running smoothly. This inventory lump needs to be constantly shaped, molded, trimmed, carved, and tweaked until you get that useful, glorious mix of profitability that shapes your bottom line.
Inventory management requires a Leonardo da Vinci – part artist, part scientist to be successful. Your DaVinci needs the right tools to be successful in his role. Don’t be the kid in art class who pounds his fist into the middle of a lump of clay, pinches the edges and calls it an ashtray – that’s not really the best use of your inventory.
Inventory management requires a Leonardo da Vinci – part artist, part scientist to be successful. Your DaVinci needs the right tools to be successful in his role. Don’t be the kid in art class who pounds his fist into the middle of a lump of clay, pinches the edges and calls it an ashtray – that’s not really the best use of your inventory.
Starting Point
Okay, so what kinds of tools do you need for inventory management? The first thing you need is an accurate starting point. A precise count of exactly what you have in your inventory – by each unique item. You can attempt to perform this count on your own or you can utilize a third party inventory service. A professional inventory service provides the best tools – trained auditors and programmable data collection machines, to perform the most efficient and accurate count. In addition, an inventory service can capture and provide the count data in the best format for your inventory management systems. Without an accurate starting point, your DaVinci is going to struggle to create anything useful.Next Step
Now you have accurate data to continue the inventory management process – let’s produce something. In order to manage this process properly you will need another tool to turn this inventory lump into the products your customers desire. If your organization currently uses QuickBooks for your accounting needs, then consider the Fishbowl Inventory tool. Again, you could try to do it yourself, but here’s a proven tool, specifically designed to integrate into your current software environment. Accurate starting point, inventory management software – almost ready to create.
Want to see how Fishbowl can improve your business?
Book a Demo