There's no question that COVID-19 will change how we do business in the short term. Those who respond proactively will endure and be stronger. Right now is the perfect time to be thinking about how to quickly prepare your business to be substantially more efficient in the coming months. We are already seeing companies make immediate improvements in their operations to be leaner and more productive. A strong economy can hide a myriad of mistakes, but to future-proof your business, you can't afford errors associated with manual inventory management and double or triple data entry. What you need is an advanced, affordable inventory management solution like Fishbowl.
AUTOMATE YOUR INVENTORY PROCESSES NOW AND PAY LATER
We have some fantastic options that allow you to start implementing a better inventory solution now with minimal impact to your cash flow. We offer monthly financing options for 12, 24, or 36 months at very low interest rates that reflect your individual financial circumstances.
AUTOMATE FOR GREATER EFFICIENCY
Take advantage of Fishbowl's inventory experts to consult about your specific business needs. They can help you find where you're losing cash, create real efficiencies, reduce human error, and save you serious money. And finally, you gain control of your inventory in real-time.
LET US DO THE HEAVY LIFTING FOR YOU
We have extra resources in place to help you get set up with Fishbowl faster than ever. Once you purchase Fishbowl, you will be assigned an experienced implementer to help you get up and running quickly. They can even help with data prep so that you don't have to do the heavy lifting, speeding up the time it takes to go live with Fishbowl.
VIRTUAL ON-SITE TRAINING
We are fully equipped with state-of-the-art equipment to offer highly efficient virtual on-site training. These training sessions are quick to schedule and don't require anything extra on your part.
REMOTE SOLUTIONS: WORK FROM ANY LOCATION WITH FISHBOWL
Future-proof your business by making it easy to manage operations from any location. If you and your staff need to work from home, take a look at our proven solution called Fishbowl Hosted Services®, which frees you from all the work of server maintenance, security, and backups. Just log in and go to work from anywhere you have Internet access. It's easy on cash flow with monthly payments and no contract.
We're seeing some clients' businesses booming with unprecedented demand for their products, while others are feeling the effect of customer uncertainty. Here are our top 8 tips to make sure your business is in the best position possible during the coming months, and you're prepared to take full advantage competitively when life bounces back to normal.
1. Implement accurate, flexible, cost saving inventory software
Starting now, get the small things right by using inventory software to eliminate human error so you can be certain that you are making accurate business decisions. Take control of your inventory and your operational processes. Don't let customers down or give your competition a chance to take your business.
2. Utilize your existing staff resource to clean up and prepare your data
When implementing a new software solution, the data cleanup and preparation is often the biggest investment in the project in terms of resource allocation. If you have staff that are restricted from doing their normal roles in the business, utilize their time and get them working on the data to make the move to your new solution quick and painless.
3. Tighten up your inventory control
Optimize your receiving processes, record true landed costs, correct discrepancies on the spot for live inventory updates, and implement an accurate “pick-pack-ship” workflow. Minimize the number of touch points between goods arriving until they leave your door.
4. Adjust your reorder points
Use Fishbowl to set and adjust your automatic reorder points. Allow for the increase or decrease in demand for your products, look at your supplier lead times, and adjust your reorder points accordingly.
5. Perform cycle counts
If you have extra time available, spend it doing spot checks or cycle counts on your inventory. Use Fishbowl’s barcode scanning app to help you do this quickly and accurately. Make sure your stock levels are correct so you can best serve your customers.
6. Revisit dormant customers
Study your customers’ order history, and see which customers have not ordered from you recently. Pick up the phone and give them a call to see if they need their stock replenished. They will probably be happy to hear from you! Fishbowl will help you with this in the future by simply running the “Dormant Customers Report.”
7. Manage payment terms
Make sure you’re getting paid on time so that you can pay your suppliers and cover other expenses. If your products are in high demand right now, adjust your payment terms so that you can get more stock. After all, if your shelves are being cleared, but you don’t get paid for 30 days, how will you pay for the replenishment stock?
8. Are you a manufacturer? Build some sub-assemblies
Spend your time wisely now and build some of the sub-assembled components so that when sales orders start coming in from customers, you’ll have a head start on the manufacturing process.
Fishbowl is here to support you and your team in any way we can. Call us today at 1.800.774.7085 ext. 2 if there is anything we can do to help.