“It’s something very personal, a very important thing. Hell! It’s a family motto. Are you ready? I wanna make sure you’re ready. Here it is: Show me the money. Show! Me! The! Money!” – Rod Tidwell, from Jerry Maguire
It’s all about the money, man! You make enough of it and you get to stay in business. If not, it’s sayonara and on to the next big thing. And if moving inventory is your game, great inventory management will have you hollering “Show! Me! The! Money!”
Here are three ways Fishbowl’s inventory management software helps you capitalize on inventory insights so every day can be a great payday.
Show Me the Money #1: Accurate Inventory Forecasting
You have to hit the forecast bullseye to make money. Overstocking makes your business sluggish and uneconomical while running out of inventory is a PR nightmare—just ask KFC.
- Conservatives click here: http://www.foxnews.com/food-drink/2018/02/28/kfc-runs-out-gravy-week-after-running-out-chicken.html
- Liberals click here: http://money.cnn.com/2018/02/23/investing/richard-quest-kfc/index.html
Anyway, if KFC would’ve been using Fishbowl’s Forecast and Monitor Modules they could’ve avoided this whole mess that’s caused when a chicken restaurant runs out of chicken…and gravy. Really. You see, the Forecast and Monitor Modules in Fishbowl track inventory levels in real time. When a part’s quantity falls below its benchmark reorder point, you see it and you know you need to order more inventory.
Show Me the Money #2: Crystal-Clear Visibility Into Your Inventory
You know how some reporting tools (Excel) aren’t great to look at (Excel) and can quickly become overwhelming (Excel)? The great thing about Fishbowl is it isn’t Excel. Fishbowl takes all of the possible inventory issues—issues like overstocking, understocking, incomplete orders, etc.,—and gives you the inventory insight you need in easily consumable and customizable dashboards. With Fishbowl you’re able to quickly track, monitor, and execute on all of your inventory needs so you can deliver to your customers on-time, every time.
Show Me the Money #3: Inventory Sales Trends
Having a hard time guessing what your customers want? Stop guessing. To really win the inventory game, you need to know what products are selling, when they’re selling, and what products are just falling flat. Having a comprehensive history in Fishbowl of your sales trends will give you the power to consistently make the right money-making decisions.
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