Fishbowl offers a reorder point calculator that anyone can access, free of charge. Isn’t that nice?
Why a Reorder Point Calculate?It goes without saying that reordering is important in the order management process. Companies need to plan ahead and maintain equilibrium on products going out and coming into their warehouses. That’s where a reorder point calculator comes in handy.
Fishbowl’s reorder point calculator helps companies in several ways: (more…)
Drop shipping is an approach to order fulfillment that frees a retailer from keeping product in inventory. Instead, vendors can rely on the source company, such as wholesalers and manufacturers, to ship these products to the vendor’s customers. This arrangement has a number of benefits that make it a popular option with online and direct-mail merchants.
When a customer submits an order, the retailer processes the order and accepts payment, then, according to systems in place, either digitally or manually submits the order to the product source along with payment and customer information. The product is then sent directly from the source warehouse to the customer. All parties are satisfied and the retailer makes a profit from the difference between what the customer is charged and what is paid to the product source.
There are definitely a lot of reasons why a retailer should look into drop shipping, here are 5 to get you started: (more…)
I’m just going to come right out and say it – this video is awesome. It’s got everything you need to know in order to fulfill a sales order in Fishbowl. Creating sales orders and fulfilling them is part and parcel to just about any business. And Fishbowl has a pretty straightforward SO process.
This how-to video goes through it step by step, moving from one module to the next to ensure orders get picked, packed, and shipped. When everything is said and done you can check off one more SO as fulfilled.
So let’s not waste any time. Watch the video above and immerse yourself in the world of SOs!
How do you find reliable suppliers/vendors that will give you a good price and get you restocked at the right times? First, you have to prioritize between a few key factors: (more…)
True horror isn’t reading the words “All work and no play makes Jack a dull boy” on page after page of Jack Torrance’s manuscript. No, the real horror is found in the statement, “All work orders and no supply makes for a lack of full bays.”
I’m joking, of course. That’s one of the most unsettling scenes in The Shining (1980). But one of the scariest things in running a manufacturing business is to run out of the very materials they need to make their products.
I know I already did my customary Halloween blog post earlier this month, but I couldn’t help myself. This idea was just too fun to pass up.
So come play with us, Danny, as we shine a light on the issues of work orders and supply chain management. (more…)
Creating invoices is part and parcel to doing business. In the spirit of being comprehensive, this Whiteboard Wednesday video goes through what an invoice contains and how to make one.
Here are some of the bits of information that need to be included in an invoice: (more…)
Just in Time (JIT) is a manufacturing policy that emphasizes leanness. It was developed as a strategy to limit carrying costs by only ordering what a company needs to handle its immediate inventory needs.
Is JIT a good strategy for your company? Well, it is kind of a mixed bag. It’s ideal in some cases, but it can also be quite risky because it doesn’t allow for any error in calculation. (more…)
How do you judge your vendors? What criteria should you use and what constitutes acceptable performance? In this week’s Whiteboard Wednesday, James Shores answers these questions.
James separates the vendor criteria into three categories: (more…)
What are purchase orders for?
The obvious answer is that they’re for telling vendors what products you want to buy from them and in what quantities for an agreed-upon price.
The not-so-obvious answer is that they’re for protecting buyers and making sure they have evidence of what they ordered in case something goes wrong along their supply chain. (more…)
There are many kinds of insurance a small business should invest in to protect its assets. This includes cargo insurance. While cargo insurance may not be discussed that often, there are plenty of very good reasons for a company to purchase this kind of coverage. (more…)
