Here’s a bit of positive economic news: Orders for manufactured goods in the United States increased for the 11th time in the past 12 months, rising 1.3 percent to $391.5 billion in March. That’s according to the Wall Street Journal article “Factory Orders Surged Again.”
Even though factory orders are improving, it’s not necessarily a sure thing that the economy is on its way to a recovery. Consumers, still reeling from low home prices and a tough job market, aren’t looking to go on a spending binge anytime soon. Without an increase in consumer spending, the U.S. economy could continue to stagnate.
Some attribute the jump in manufacturing orders to the fact that retailers and wholesalers have sold many of their products at discount prices and are now working on replenishing their inventory. If that’s the case, this rise in factory orders could be only temporary.
Temporary or not, the rise in factory orders means companies need to seriously consider using QuickBooks manufacturing software to keep track of their inventory. Since many manufacturers already use QuickBooks for their accounting needs, it’s a natural step to add manufacturing inventory software to it.
With QuickBooks manufacturing software, manufacturers get the best accounting software, plus all of the features necessary to instantly track product movement and improve their production efficiency.
Fishbowl offers a great value for its manufacturing inventory software. It has all of the features manufacturers need, like barcode scanning, purchase-order creation, full QuickBooks integration and more. To learn more about Fishbowl Manufacturing, click the link above.