Which suppliers have you purchased from in the past?
Who gave you the best deal or turn-around time?
What are the suppliers lead times?
Are they delivering in full and on time?
How is their performance impacting on your stock turn?
Make better informed purchasing decisions by measuring your suppliers performance. Compare your vendors lead times, costs, and fulfilment rates all within Fishbowl. Reduce your spend with poor performing suppliers and spend your money wisely to reduce wasted spend and improve your stock turn.
During receiving, your suppliers performance is being measured. Fishbowl keeps track of your supplier’s performance by measuring their lead time (date of placing order, to the date of receiving the order), the landed cost of the items, and also how much of the order they fulfill in terms of quantities. This information is critical as you can make decisions such as which supplier to order with next time, which supplier has the best priced goods once freight and other costs are included, and how long they are going to take to deliver the goods.
Fishbowl automatically saves and organises that vendor information and displays it in an easy-to-use, helpful fashion. When you’re ready to reorder, just click the Reorder Point button on a particular item and Fishbowl will create the Purchase Order for the correct vendor and let you make any last-minute modifications. Fishbowl makes purchasing easy and can save you real money.
Let Fishbowl help you to manage all of this information in a centralised place. Fishbowl will link this information to your Purchasing workflow and you will reduce your stock outages of key lines, which means you will be able to manufacture and deliver in full on time.