What Is Inventory Management? - Whiteboard Wednesday

Get Your Free Inventory Management Guide: www.fishbowlinventory.com/inv.... What is inventory management? It could quite possibly be the most important aspect of any business because it affects every area of operations from sales to accounting to management to customer service.
Fishbowl CMO Kirk Tanner takes the enormous concept of inventory management and explains how it all works, including the receiving, shipping, accounting, and distribution processes. As a bonus, he compares a manual inventory management system and an automated inventory management system to see what the pros and cons of each are.
Fishbowl's Whiteboard Wednesday covers complicated inventory management topics in fairly simple terms that fit on a whiteboard. Fishbowl Inventory is the most requested inventory management solution for QuickBooks users.

[@marinanarra4600]

This is like helping me with my small business and school studies , im a young business owner so this is helping a lot thank you!

[@lvteachme973]

Thorough, concise and short. And I like the use of whiteboard. Thanks!

[@sethandmyrcine]

I work for a pretty big company and we do inventory manually this is a great video and I really wish my bosses would understand this concept

[@socialentertainment7559]

Where do you work?

[@benjamingreer1660]

Don't forget about the employees 🤣 I've had new bosses every year 4 years running now. Ifeel your pain, I think the ones I got get it now though fr.

[@kaseyingham395]

So quick and concise while I study for my Information Systems midterm in an hour. Thank you!!

[@hetpatel9369]

Thank you for explaining the concept clearly.

[@andrewfrancis3683]

This helped me a lot. I had an idea but now I am fully clear on what inventory management is about.

[@matthewcheng9709]

www.hencodes.com (Handheld PDAs/Terminals for Inventory management System/Warehouse Management System)
Matthew Cheng
Project Manager

Hencodes Technologies Inc.
Web: hencodes.com
Mobile:[phone]
Skype/Whatsapp:[phone]
Email: [e-mail]/[e-mail]

[@dukefernando6956]

Thank you sir,, you will get me through the exam tomorrow

[@priscillasibanda8079]

this has helped me to have an insight what inventory management is.

[@monhectorabalos4284]

Thank you for making youtube.. I'm applying as inventory clerk and review about the idea of inventory and warehouse system...

[@bittersweeter5882]

This helped my dad a lot thx for the presentation !

[@amandapaniagua5705]

Simple and accurate- thanks for the informative video!

[@jeevanpatnaik12]

thnx for the good info ,,it is very useful to me for my exams

[@neetrab]

Very clear! Thank you!! Now I know!!

[@kunalyadav9751]

great work

[@UnknownUser-mi7vh]

Very informative. Thank you.

[@PairRecVideos]

Nice video Kirk!

[@spirecrmbusinesswareforsag2451]

A stock control system is the mechanism through which a company manages the efficient movement and storage of its goods, flow of information and resources that arise from this.
By having a stock control system to manage your stock you will meet two important decision factors: the classification of inventory and reliability records, which mean that is important to know how much you have in your stock as ability to identify each of the products you handle in your company.

[@matthewcheng9709]

www.hencodes.com (Handheld PDAs/Terminals for Inventory management System/Warehouse Management System)
Matthew Cheng
Project Manager

Hencodes Technologies Inc.
Web: hencodes.com
Mobile:[phone]
Skype/Whatsapp:[phone]
Email: [e-mail]/[e-mail]

[@alparslankorkmaz2964]

Nicely explained.

[@routhuvasu4022]

thank you so much

[@DodaGarcia]

That was so interesting!

[@Isaac-xw9en]

Very helpful. Thanks!

[@rahulagrawal1877]

method of keeping inventory control of stock and storage plz. explain 🤔

[@JA17Believe]

Can anyone answer this? How would scanning on step one be done if there are price changes for parts that are already logged in system? Also when doing automated system would that cancel out need to enter in invoices and we just file them away?
Trying to figure out an automated method that keeps cost accounting to be perfect when charging out (shipping) parts to work orders

[@humanresourcemanagement4293]

Nicest explanation of this topic ........

[@arvinnabil1714]

Thank you so much

[@dunkbroda3211]

Do you recommend any books to read up on inventory management?

[@mercydaniel2793]

Good presentation

[@MuhammadAli-bp3sl]

plz sir also make a presentation about construction company store, where is an open environment, how we can control our items eg diesel , steel, and how can better manage inventory in construction projects

[@anoopcbose9700]

Good information

[@hyrclov]

great stuff

[@farzadqurbanyar9946]

THAT WAS SPECIAL

[@emelynordejan8817]

Thamk you

[@shibnathroy106]

Thank you

[@ankurmall6550]

M

[@nischalshah8902]

Inventory management for retail store business..... ideal stock in % to sales ...

[@matthewcheng9709]

www.hencodes.com (Handheld PDAs/Terminals for Inventory management System/Warehouse Management System)
Matthew Cheng
Project Manager

Hencodes Technologies Inc.
Web: hencodes.com
Mobile:[phone]
Skype/Whatsapp:[phone]
Email: [e-mail]/[e-mail]

[@teferiolana1720]

Please can you share me ,any referance on inventory management performance on laboratory commodity ?

[@mahnaztajbakhsh6632]

we have a lots of productions (cream all kind of beauty productions) which we have no control on them,in other branches how can i get control of my productions and manage to know how many is used and how many is left ,without letting employees to take away or sale it for themselves and put the money in their packet or you know how can i control them?!

[@RSHariPrasad]

Hi Mahnaz,
As a supervisor for warehouse, first suggestion to you is hire trustworthy labour or people who is hardworking and of course we never know who is what type of character until we monitor.
Secondary, If you are using any software ( Example Cosmos or GSPN ) which allows you to have track of your products, Goods receipt is one paper that will definitely help you, while arranging it inside helps with in warehouse ( Note : while arranging it you need to ask employees to open the box and cross check if the products inside are ok and quantity is ok, not damaged etc )
Stock analysis is very important, If system shows that products are inside warehouse, but for real time when you ask them to pick up from shelf and if the products are missing on constant basis which means there is someone...
Ask every warehouse supervisor to submit the report by end of the day how many products or items they have received with in warehouse, that means they know that you are asking them for constant updates and also monitoring.
Don't procure to many products when it's not necessary, if you do it's going to sit ideal inside your warehouse resulting loss for your company or you need to resale or scrap it which is bad,
Hope one of the points listed above will help you
Hari

[@nextto6789]

لااله الاالله محمد رسول الله

[@bb_yt5193]

Nice

[@michaelbarasa7540]

Good

[@waleedSamiRwR]

بالتوفيق😊

[@rimfunyui5038]

HOW CAN I DEVELOPE AN INNOVATIVE SCHOOL INVENTORY PROJECT

[@thebolivei]

Rim Funyui I can help you out send me an email with your questions [e-mail] 😀

[@stomiball889]

Do yu still do this kinda content

[@ms_riderz]

It is too short to understand inventory management... It's very broad topic

[@richie6921]

FILO, LIFO, and there was another one that I can't remember

[@whitebearbrett591]

LILO

[@DayangMeriaAbee]

@@whitebearbrett591 FIFO

[@LeoNogas]

Thumbs up if you're here for class.

[@ahmadlenovo68]

Gak ngerti cuk

[@melissaann205]

Bye bye birdie

[@asadsyedali3841]

Not a good explaination

[@t624mohammediqbalaeronauti3]

wow awful explanation