When it comes to managing inventory, there are three main ways to do it:
Each one has its own pros and cons, so let’s analyze them so you can see which one is best for your business. (more…)
If you’re going to use an Excel inventory management solution, you might as well do it right. That’s why Fishbowl came up with an Excel Inventory Template that you can download and use for free. Click the link above and fill out the form on that Web page with your name and email address to get the template.
This Excel spreadsheet is designed to organize your inventory parts, quantities, vendors, and more in one location. It also helps you know when you’re close to running out of specific items and how many to reorder them when the time comes.
Here are all of the columns in Fishbowl’s Excel Inventory Template: (more…)
Excel as an inventory management tool? That might work for a startup, but as you grow you’ll discover that Excel doesn’t have the functionality or flexibility to remain useful for long.
Here are four disadvantages companies face when they try to use an Excel inventory management solution: (more…)
It’s been a little while since we did a Whiteboard Wednesday video. The last one I published on the Fishbowl Blog (The Many Types of Kits) was on July 2, 2014. (more…)
Are you trying to manage your inventory without the help of inventory management software? Now that’s a scary thought.
Here are five frightening prospects you face when you do this: (more…)
According to a study conducted by research company Software Advice, a whopping 96 percent of companies looking to purchase inventory management software are first-time buyers. (more…)
Microsoft Excel is a wonderful tool that many of us in the business world use on a daily basis. It helps us build charts and organize data into rows and columns for easy retrieval later. However, Excel isn’t the ideal solution for every business need. It’s a step up from managing your inventory on paper, of course, but it’s a far cry from an automated system.
Excel’s inventory management deficiencies are: (more…)
You don’t need to be a big company with vast resources to effectively manage your inventory. Basically, you have three options: doing it by hand, with Excel spreadsheets or with some type of inventory software. Rather than giving a long, boring explanation of all of these, I’ll give a list of some of the pros and cons of using each one: (more…)
Welcome to the 200th blog post on the Fishbowl Inventory Blog! I’ve been responsible for 187 of those posts so far. I’ve been amazed by how many guest bloggers have published great content on this blog over the past two years, as well. We’ve had QuickBooks expert Shannon Tucker, several Fishbowl employees, and a number of other industry experts on here. (more…)
What is the benefit of using a barcode label on a company’s inventory of finished goods? Can using barcodes help a company reduce its inventory carrying costs? More importantly, what are these carrying costs and how does using barcodes help a company win more business? (more…)
