In the fast-paced market of food and beverage (F&B) manufacturing, maintaining precise control over inventory is paramount to success. The ability to uphold stringent quality standards, while managing inventory expiration dates is challenging, to say the least.   In addition to other aspects of operations, F&B companies must manage raw materials, track production processes, and ensure the timely delivery of finished products. Keeping close tabs on these activities helps facilitate profitability, as organizations strive to meet the ever-growing demands of consumers.  To ..read more

To make the most profit from the lowest amount of stock investment while meeting customer demand, businesses need optimum inventory management. The basic definition entails tracking the amount of product in stock and optimizing how to move it. But a truly effective control system goes beyond simple functionality.  When properly optimized with resource planning software, an inventory control system can unify a business’s entire supply chain. As no two businesses are alike, no single inventory management solution should be rolled out for multiple infrastructures. Supply chain management pe ..read more

Maintaining a firm grip on inventory control is a perpetual challenge many businesses face. From excessive stockpiles and frequent stockouts to financial losses and operational inefficiencies, the consequences of poor inventory management are far-reaching.   It’s, therefore, a no-brainer as to why inventory management software are sought after for inventory control management. They provide businesses with the tools and insights necessary for optimizing inventory levels, streamlining operations, and maximizing profitability.  Let’s explore the critical steps, benefits, and key c ..read more

An interview with Morgan Gardner, CMO of Fishbowl. In July 2022, Fishbowl brought on Morgan Gardner as Chief Marketing Officer (CMO) to build and lead a rockstar team in transforming the company’s brand. As a seasoned leader with a customer-centric, data-driven approach to marketing strategy, Morgan is helping Fishbowl deliver and serve its customers at the highest levels.  We had the pleasure of interviewing Morgan on her career experience as well as her journey as Fishbowl’s CMO. This is part one of a two -part series with Morgan, as she will not only talk about her expertise, but also ..read more

Learn about eight common costing methods to calculate how much something will cost. Methods of cost accounting or simply “costing methods” are crucial for calculating how much something like a product or service costs. Manufacturers can then use this information to price products for profit, track expenses to see where money is going, and make smart cost-control decisions. But what exactly is a costing method? This short guide defines what it is and includes nine common costing methods manufacturers use.  What is a costing method? A costing method is simply a way of calculating how much a ..read more

Make inventory management quicker and more efficient  A barcode system helps improve inventory control, boosts efficiency, and enhances data visibility for your business.  But what precisely is a barcode system? And how do you implement one for your inventory?  What is a barcode inventory system? A barcode inventory system tracks and manages information around inventory using barcodes, barcode labels, barcode scanners (hardware), and barcoding software.  Let’s take a look at these elements: Barcodes: machine-readable codes that contain information about a product, like we ..read more

Controlling inventory can be challenging, with thousands of products entering and leaving your production facility daily. How do you keep track of what’s coming and going? With tracking indicators, like lot and serial numbers, weight, creation date, batch numbers, and expiration date. This post will focus on two of the most common–lot and serial numbers. Read on to learn what they are, how they’re different, and how they can help with inventory management. What is a lot number? Lot numbers are a combination of digits that a manufacturer assigns to a group of products manufactured using the sa ..read more

What is consignment inventory, and is it the right model for you.  Picture this: You’re a manufacturer that produces high-end audio equipment, like speakers and headphones. You recently launched a new product line with innovative features.  While you know the technology works and provides value, you’re unsure about the market reception, and so remain reluctant to mass produce this product. What do you do? You enter into a consignment inventory agreement to test the market. But, what exactly is consignment inventory? Consignment inventory is a supply chain approach or business arrang ..read more

In this article, we’ll take a look at what manufacturing waste is and how you can reduce it. Producing some manufacturing waste is part and parcel of the manufacturing process.  But if left unchecked, it can quickly accumulate to unsustainable levels, leading to environmental damage, costing your company money and potentially damaging its reputation. Need help getting it under control? Here’s what you need to know. What is manufacturing waste? Manufacturing waste refers to any materials discarded during the manufacturing process that doesn’t form part of the final product, as well as unn ..read more

The efficiency of your warehouse is an integral part of your business. Find out how to improve your warehouse efficiency with these 4 strategies. A warehouse that’s operating efficiently allows you to control costs, maximize productivity, improve overall customer satisfaction, and ultimately, boost your bottom line. But how exactly do you improve warehouse efficiency? Let’s take a look. 4 Ways to improve warehouse management and Efficiency     1. Optimize warehouse space  Are you making the best use of available warehouse space?  While you may need a larger warehouse if yo ..read more