Fishbowl Inventory
About Coyo
Since hand-squeezing the first-ever commercial batch of coconut yoghurt, Henry and Sandra have helped millions to realise dairy freedom through the health and wellness benefits of the coconut. Still family owned and operated, COYO® crafts their delicious, certified organic, dairy free coconut yoghurt and ice cream from a purpose-built coconut-only facility on the beautiful Sunshine Coast of Australia. COYO® are proud to be leaders in the plant based revolution and are excited to open the next innovations and trends for conscious consumers and their appetite for health, wellness, community and sustainability; all of which will continue to reshape our plates, palate and planet for years and future generations to come. COYO® products are now available from coast to coast across Australia in Coles, Woolworths, IGA and popular health food stores.
For more information, please visit www.coyo.com/au
Business Challenges & Needs
COYO, headquartered on the Sunshine Coast, first implemented Fishbowl during the challenging times of the COVID-19 pandemic, a period marked by erratic shifts in demand and supply. Facing several business challenges that necessitated a robust inventory management solution, COYO found the answers they were seeking in the Fishbowl inventory management software solution.
One of COYO’s key challenges was to move away from spreadsheets, which often resulted in stock outages or excessive stock levels. Sandra Gosling, COYO co-founder emphasized this issue, stating, “prior to Fishbowl, COYO were having stock shortages, every one to two weeks. I can’t really remember how we functioned without Fishbowl. I do remember a lot of spreadsheets. And it was very, very difficult to see where the errors were happening. Fishbowl solved those problems for us.” Additionally, traceability for compliance was a critical factor.
The Solution
Increasing workflow efficiency and saving hours with Fishbowl
“Fishbowl has positively impacted the company by centralizing all of our information,” Gosling emphasized. “It’s very, very important for us. If we have an issue with the product, time is of the essence to get that information out to the market to solve the issue. And we’ve got, I think four hours, something ridiculously small like that to do that. In the system we were running prior to Fishbowl, that was a problem. Now that can be done in a quick 90 minutes.”
Though the transition wasn’t without challenges, COYO received exceptional personalised support during installation and onboarding. Over time, the organisation witnessed a significant transformation.
“Fishbowl provided great support but it was hard at first. The change management piece was significant. You know, getting people to endorse and use the new system, but then all of a sudden, things started to happen and here we are!” Mrs. Gosling recalls.
According to Simon Jupe, Fishbowl APAC Managing Director, “Implementation of inventory management software can be a transformative process for businesses of all sizes, but once businesses get past the initial change management piece and staff start becoming avid adopters of the new solution that’s when businesses can effectively streamline and optimise operations, reduce costs, and boost profitability.”
“All of a sudden the business has real-time visibility into their inventory levels, locations, and stock movements. With information in real-time, companies can make truly informed purchasing, restocking, and order fulfillment decisions. This visibility helps prevent stockouts, overstocking, associated costs, and customer dissatisfaction.” Mr Jupe said.
The Results
Breaking silos and signinfcant improvemnts in cost management
“Since implementing Fishbowl, COYO has experienced substantial gains in efficiency and workflow improvement,” says Mrs. Gosling. “With Fishbowl, you get instant visibility, you can trace everything back; it’s been a game changer!’”
The implementation of Fishbowl has seamlessly integrated COYO’s various departments, fostering cohesiveness. Gosling enthused, “Fishbowl’s impact extends beyond inventory management. It has emerged as an invaluable asset to our entire organization. Sales, logistics, production, finance—we now operate as a unified whole. It has been valuable, not to mention the environmentally conscious shift away from mountains of paper.”
Furthermore, COYO has also achieved significant improvements in cost management. Christine, Systems Accountant at COYO, explained, “You can only work out product costs based on what you know. With Fishbowl, you have the visibility to see everything and very quickly calculate individual product costs.”
“Now with Fishbowl, we can have so much confidence in placing orders. What used to take us 1-2 days, with Fishbowl we can now achieve in just 2-3 hours!” – George Turner, Production Manager
COYO’s remarkable journey, powered by their partnership with Fishbowl, is a testament to the transformative power of innovative inventory management solutions. The company’s commitment to delivering exceptional coconut-based products remains unwavering, and their success story continues to inspire others in the industry.
Instructions
Just fill in the information and click the GET STARTED button to access our download. The free-trial versions are fully functional copies of our software with all capabilities enabled. A Fishbowl technician will contact you — usually within two business days — to help answer any questions you may have.
Important: We will never sell your information to third parties.