I read a great article by Danny Halim the other day entitled, “Inventory Policy Optimization: Unlocking The Cash Flow Hidden In Your Supply Chain.”
Halim opens his article by saying,
As companies face an increasingly volatile working environment, many struggle to simply keep their proverbial heads above water. In the process, inventory has become an afterthought, with tradition and habit dictating policies and processes. But, forward-thinking companies have realized the magnitude of the untapped opportunities in optimizing inventory policies and are focusing on it as a strategic corporate initiative.
What a great start to an article on inventory management software.
He hit the nail on the head by pointing out that inventory management can seem like too big a problem to tackle or it might not even seem like a problem at all because companies are doing what they’ve always done. However, small and large businesses need to change their way of thinking about inventory management to find the success they’re seeking.
In the article, Halim mentions a specific example of a company using inventory optimization to discover which products were generating the most revenue and then modifying its inventory to focus on those products above all the others.
Fishbowl’s inventory management software is the best way to optimize a company’s inventory. With Fishbowl Warehouse, companies can tell exactly which of their products are selling the most, how much they have on hand, how much they need and where is the best place to store it all.
The photo of the open door is from Flickr, and it is the copyright of Ben Zvan.