To keep up with their production schedule, manufacturers must get creative in their inventory management. Manufacturers have to ensure they have enough parts on hand to fulfill orders, but they also need to avoid being overstocked.
To solve these problems, manufacturers can use manufacturing inventory software, such as Fishbowl Manufacturing. Fishbowl Manufacturing is an electronic solution that helps companies keep track of inventory levels and movement instantly through barcodes and scanners. When manufacturers place an order or send products to retailers and customers, their inventory software can immediately update their inventory level.
Benefits of Using Manufacturing Inventory Software
There are several benefits of using Fishbowl Manufacturing. Manufacturers can use it to avoid stockouts on essential items, as well as inaccurate inventory records. Employees can save time by not having to do annual inventory checks to spot inaccuracies.
Fishbowl Manufacturing gives any employee the ability to place orders and receive new parts. To protect the company, Fishbowl Manufacturing also gives managers control over their employees’ user rights, so they can only access information they need to do their duties.
By using barcode scanners, rather than hand-typed information, to input product data into databases, manufacturers cut down on human error. Small typos can cost manufacturers a lot of money if they mean the wrong product gets shipped or ordered. Using barcodes helps increase the accuracy of orders and of the overall inventory.