Report: Inventory Management Software a Competitive Advantage

“The achievement and continued sustaining of world-class inventory management – maximizing performance in both the financial and customer service arenas – requires experience, vision, commitment, management skill and perseverance.”

With the right tools small businesses can compete with giant corporations, Fishbowl BlogSo say Ralph Cox and Dr. James A. Tompkins, co-authors of the white paper, “Evolution to World-Class Inventory Management.”

Good inventory management isn’t something that comes overnight. It requires a lot of hard work and planning to pull off, but the results are worth any effort.

“At a minimum, world-class inventory management can be supportive of corporate goals and objectives, minimize cost, and maximize customer service,” the white-paper authors note. “At best, it can become a powerful instrument of competitive advantage.”

Everyone should be looking for a competitive advantage. That’s one of the reasons why inventory management software is so important; it gives a company a big advantage by helping it to cut costs usually associated with poor inventory management.

A company that can efficiently get products to the place they’re needed most and avoid stocking up on unnecessary parts and products, will save money on storage, delivery and potential spoilage. This adds up to a winning strategy.

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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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