Strong Inventory Management Boosts Macy’s Q1 Profits

I noticed a slew of articles and blog entries last week talking about companies using solid inventory management solutions to improve their bottom line. I’ll share one of them right now and then talk about another one a little later.

Magnifying glass looking at puzzle pieces and money, Fishbowl BlogAccording to the New York Times article “Macy’s Posts Profit as Consumer Spending Rises,” Macy’s was able to post a profit last quarter thanks in large part to improvements it made to its inventory management system.

Good inventory management can have a powerful effect on companies’ profitability. Inventory management software can mean the difference between success and failure for some companies. Tying up too much capital in products that are not in demand could be a fatal mistake for struggling small businesses.

It’s great to see companies catch on to this fact and start to focus more on modernizing their inventory management practices.

Inventory management software is the best way to quickly improve inventory management while also keeping costs low. Fishbowl is a great option for companies because it is the #1 requested manufacturing and warehouse management software among QuickBooks users.

Is it a coincidence that several articles and blog entries were written about inventory management at about the same time? It could be because many companies posted quarterly results at the same time, and they wanted to explain why they’re seeing a turnaround in revenue and profit.

If that’s the case, this is great news because it could mean there’s a trend toward using inventory management software and other tools to improve companies’ efficiency behind the scenes.

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About Robert Lockard

Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks and small business. Fishbowl Inventory is the #1-requested inventory management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies. His favorite movies include Mr. Smith Goes to Washington, Fiddler on the Roof, Back to the Future and Lawrence of Arabia.
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3 Responses to Strong Inventory Management Boosts Macy’s Q1 Profits

  1. Pingback: Companies Improve Earnings with Inventory Management Software « Inventory System Software Blog

  2. Pingback: Cut Down on Markdowns with Inventory Management Software « Inventory System Software Blog

  3. Pingback: Macy’s Inventory Management System Back in the Spotlight | Inventory System Software Blog

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