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.
According 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.