How Not to Manage Your Inventory: A Personal Experience

Inventory management isn’t just an ethereal concept – it affects us on a daily basis. I will share a personal experience that shows how one instance of poor inventory management can cost a business money. Here’s how not to do your inventory management:

My Experience Almost Buying

Lost products, Fishbowl Blog

The other day I went to a department store (which shall remain nameless) to get a baby play yard. I had gone to the company’s website and it said they had that particular product in stock at the store nearest to me.

Unfortunately, I couldn’t find the product on the shelf, though I did find the barcode and price on the shelf where it should have been. I asked a clerk to help me and he gladly did. He scanned the barcode on the shelf and said his barcode reader displayed two of that product in stock. But he couldn’t find either of them on the shelves.

We looked all around, but they appeared to be lost somewhere in that enormous store. He had no way of tracking their exact location or finding out where they had been placed. Maybe they had been put in the wrong place soon after they were received or maybe a customer had moved them.

The end result was I left the store empty-handed.

How to Locate Inventory

You need a good inventory locator to help you find products and get them into the hands of your customers fast. Lost inventory doesn’t do you any good. Having the right products in stock is important, but being able to find them is even more important. Inventory tracking software offers tools to help you locate inventory.

You should learn from my experience and start using Fishbowl’s inventory tracking software as your inventory locator!

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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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One Response to How Not to Manage Your Inventory: A Personal Experience

  1. Pingback: How to Overcome Your Biggest Business Challenge | Inventory System Software Blog

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