Whiteboard Wednesday: How to Improve Your Business Processes

This is the latest installment of Whiteboard Wednesday, a video series in which Fishbowl CMO Kirk Tanner boils down complicated inventory management subjects into relatively small terms that can be expressed visually on a whiteboard. Last week Kirk thoroughly explained inventory management, and this week he discusses how to improve your business processes with the right combination of inventory and data. There will always be more information to collect than you could possibly have use for or even be able to comprehend. That is why you must prioritize which pieces of information are most useful to you and your business. By collecting and analyzing the correct data, you can help your business succeed by strengthening weak areas and discovering trends in sales and other important things. Come back next week to learn how to calculate the true cost of goods.