Product Overview of Fishbowl Inventory
Fishbowl Inventory is a comprehensive software solution designed to help small and medium-sized businesses, as well as larger enterprises, manage their inventory, warehousing, and manufacturing operations efficiently. Here’s a detailed look at what Fishbowl Inventory does and its key features.
What Fishbowl Inventory Does
Fishbowl Inventory is tailored to address the complex challenges of inventory management, including tracking stock levels, managing costs, and meeting customer demand. It integrates seamlessly with various business processes to improve efficiency, reduce operational costs, and enhance customer satisfaction. The software is particularly beneficial for import/distribution companies and manufacturers, helping them streamline their sales order, purchase order, and manufacturing order workflows.
Key Features and Functionality
Comprehensive Inventory Tracking
Fishbowl Inventory provides detailed tracking of inventory levels, locations, and movements. This includes real-time visibility into current and accurate stock levels across one or multiple locations, enabling businesses to maintain accurate records and avoid issues related to overstocking or stockouts.
Integration with Accounting Software
Fishbowl seamlessly integrates with popular accounting software such as QuickBooks, Xero, and Reckon Accounts. This integration ensures that inventory data is automatically updated in the accounting system, reducing manual entry errors and improving financial accuracy.
Cost Management
The software offers real-time insights into inventory costs, allowing businesses to manage expenses more effectively. It supports various costing methods such as Average, LIFO, FIFO, and Specific Unit, providing actionable data through detailed reporting.
Enhanced Order Management
Fishbowl streamlines the order management process by automating tasks such as order creation, tracking, and fulfillment. This ensures timely and accurate processing of orders, leading to improved customer satisfaction.
Manufacturing and Assembly Support
Fishbowl includes features for managing production schedules, tracking work orders, and monitoring the usage of raw materials. It supports advanced manufacturing processes with features like bills of materials and production orders, enhancing overall production efficiency.
Real-Time Reporting and Analytics
The software provides real-time reporting and analytics, giving businesses valuable insights into their inventory performance. This data-driven approach helps in making informed decisions and identifying areas for improvement.
Multi-Location Management
For businesses with multiple locations, Fishbowl offers robust multi-location management capabilities. It allows for centralized control and visibility over inventory across different warehouses or stores, including warehouse-to-warehouse transfers and multi-channel inventory syncing.
Asset Tracking and Inventory Forecasting
Fishbowl uses barcode or RFID technology for asset tracking, ensuring accurate and efficient tracking of inventory assets. The software also includes inventory forecasting features that suggest reorder points and economic order quantities (EOQs) to optimize inventory levels.
Inventory Level Dashboards and Notifications
The software features inventory level dashboards that provide a visual on product stock levels throughout facilities. It also includes low stock notifications, stock history reporting, and the ability to manage bundles, kits, and product variations.
Scalability
Fishbowl is designed to grow with your business, making it a versatile solution for businesses of all sizes. It can handle the inventory management needs of small businesses as well as large enterprises.
In summary, Fishbowl Inventory is a powerful and adaptable solution that automates and streamlines inventory management, order management, and manufacturing processes. Its robust features and integrations make it an essential tool for businesses looking to improve efficiency, reduce costs, and enhance customer satisfaction.