U.S. manufacturers increased production for the eighth month in a row in March, growing faster than in any month since July 2004. Because of this swift growth, many producers need a manufacturing software solution to help them keep up with their rising inventory of parts and products.
The Institute for Supply Management’s most recent Report on Business said 17 of the 18 manufacturing industries it studies increased production in March. Industry experts hope this nearly universal upward trend signals an end to the economic stagnation that has plagued the country for the past few years.
As manufacturers produce more, they must keep track of more parts and other inventory. To accomplish this and keep costs down, many companies turn to QuickBooks manufacturing software because they already use QuickBooks for their accounting needs.
By itself, QuickBooks is not a good manufacturing software solution. It has a limit on the number of parts of products it can keep track of, and it is not as customizable as some manufacturers would prefer. Although QuickBooks’ features are fairly basic, they can be expanded with the right manufacturing inventory software add-on.
Manufacturers must make sure they have enough parts to keep up with demand without tying up too much of their capital in inventory. They can easily keep track of inventory levels by combining QuickBooks with good manufacturing inventory software. Fully integrated QuickBooks manufacturing software eliminates the need for double data entry, and it saves both time and money.
Fishbowl is the most-requested manufacturing solution for QuickBooks users. It integrates seamlessly with QuickBooks, so manufacturers can keep using their accounting software and add new features to it. Fishbowl’s manufacturing inventory software gives manufacturers the ability to manage multiple manufacturing plants and warehouses, scan barcodes to immediately update their inventory database, and it includes advanced features in a Bill of Materials, such as sub-assemblies and stages.