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.
HERE IS HOW FISHBOWL CAN HELP SUSTAIN AND GROW YOUR BUSINESS
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 for 24 months at 0% interest rates!
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 SOLUTION – STAFF CAN WORK FROM HOME WITH FISHBOWL
Future proof your business by making it easy to run your business if you have or your staff need to stay home – with Fishbowl Anywhere.
Take Action Today with our ‘COVID-19 Business Survival Plan’:
TOP 8 TIPS
Already we have seen that some clients’ businesses are booming with unprecedented demand for their products, while others are feeling the effect of customer uncertainty.
Here are our Top 8 suggestions to make sure your business is in the best position possible during the coming months and for when things bounce back:
1. Implement accurate, flexible, cost saving Inventory Software Get the small things right 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.Utilise staff resource to clean up and prepare your data When implementing a new software solution the data clean up 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, why not utilise 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 Correct your receiving processes, record true landed costs, correct discrepancies on the spot for live inventory updates, and implement an accurate “pick-pack-ship” workflow. Crack down on all touch points between goods arriving until the goods leave your doors.
4.Adjust your Reorder Points Use Fishbowl to help you set and adjust your Reorder Points. Allow for the increase or decrease in demand for your product, look at your supplier lead times, and adjust your Reorder Points accordingly.
5. Cycle Counts If you have extra time available, spend it doing spot checks on your inventory. Use Fishbowl’s barcode scanning app to help you do this quickly and accuratley. Make sure your stock levels are true so you can accurately serve your customers.
6. Dormant Customers
Study your customer’s order history, see which customers have not ordered from you recently. Pick up the phone and give them a call to see if they need 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 pay your suppliers for more stock. If your shelves are being cleared but you don’t get paid for this 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 your orders start coming back in, you have a head