1/2/2024 0 Comments Fishbowl inventory training![]() ![]() Getting More Information on Fishbowl Inventory Manufacturing Software Video review of Fishbowl Inventory Manufacturing Software Fishbowl’s seamless integration with QuickBooks allows it to be simple for users to link together manufacturing, sales, and distribution processes and accounting functionality.įor as many as 10 years, Fishbowl has remained with Intuit’s Gold Partner status, a top-level service recognition that third-party partners can gain. ![]() The software offers extensive training and support resources through its training videos, online tutorials, in-house specialists and more. The solution also simplifies the quoting, ordering, and purchasing processes.įishbowl Inventory is used in just about all industries by businesses earning up to $100 million in annual sales revenues. Fishbowl has an inventory-centric approach, and provides features for barcoding, asset management, raw materials management, cycle counting, and customized reporting. Fishbowl Inventory is easy-to-implement and very affordable, yet sufficiently flexible to meet the requirements of businesses who need simplified inventory control, material requirements planning (MRP), and job shop floor control along with manufacturing execution. Look for the RESTORE product in your area this spring/summer at the nearest Home Depot, Lowe’s, or ACE Hardware stores.Īnd, if you are looking for a Fishbowl Inventory expert. They know exactly which finished products to make and when to make them based on sales data.They know exactly which raw materials to purchase and when to purchase.They now know the exact cost of every single bottle/can of paint they package to 5 decimal places.There are 3 deliverables which are invaluable to this company: In the 5 weeks we have been running the business on Fishbowl Inventory we have completed over 500 work orders. We were very successful with this implementation. ![]() We spent a month testing, training, and preparing for physical inventory and go-live on January 3, 2010. 4,000 Bill of Materials (Paint recipes and Finished Goods).6,000 Parts (raw materials, packaging, etc.).I identified FishBowl Inventory as a likely candidate and executed the evaluation and determined that it would indeed fit our needs.ĭuring the month of December we extracted data from legacy applications to create Import files for: So I then began a search process to find an application which would meet the demands of a SMB manufacturing operations. It didn’t take long to realize that QB was not going to handle this. Every cost along the manufacturing process had to be included in the finished good. The challenge was to get the final COGS of any individual product to include the costs of raw materials, paint, bottles, caps, boxes, shrink wrap, etc. I was called in to determine if they could use the latest version of QB Enterprise to run their manufacturing operations, track inventory, and capture costs accurately through the manufacturing process.Īt a high level they mix large batches of intermediate paint, then mix those with colorants and other chemicals in separate batches, and finally package the paint in 2oz, 8oz, 12oz, or gallon size products. The IB was discussing possible funding for the growth but was concerned about the accuracy of the financials as the company started this important phase. The owner and I shared a mutual friend who is an investment banker. They expect to do $6M in 2010 on this product alone. Two coats of this paint and your back deck or boat dock has lifetime protection from the elements. They have a new product line called RESTORE which is a deck, dock, and concrete resurfacing paint which is fantastic. This company had enjoyed $3M to $4M in revenue the past few years with most of the sales coming from craft paints. As you can imagine the accuracy of their financials was very suspect. ![]() They had tracked their COGS via countless spreadsheets and did manual Inventory Adjustments and Journal Entries each month to get to their COGS and Inventory Asset values. For the prior 15 years the company had used QuickBooks but had never gotten the training or consulting help to set up their inventory items correctly. In November 2009 I was hired to select and implement a business application in a Paint Manufacturing business. ![]()
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