Auto Purchasing

Automate the reordering process using Fishbowl’s auto purchasing feature

Auto purchasing simplifies the procurement of new inventory by letting you set up reorder points for all of your parts and then having the inventory management software auto generate purchase orders when parts’ quantities get low.

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Keep your reordering process on track and moving smoothly

01

Reorder Points

Maintain a healthy inventory balance with reorder points on parts across the board.

Reorder Points

Reorder points are a great example of auto purchasing and automated inventory management. Rather than having to constantly check item quantities on the shelves, you can assign minimum quantities to each of your parts so that once they reach them, you will be notified.
02

Order Management

Maintain the right inventory balance to avoid both stockouts and overstocking.

Order Management

A purchase order can be automatically generated with the proper vendor and reorder quantity listed, and all you have to do is issue it. No longer will you have to worry about accidentally stocking up too much on a particular item, nor will you have to be concerned about running out because you will be alerted to the fact that it is time to reorder with plenty of time to avoid a stockout.
03

Reorder Points and Order Up to Levels

Min and max part quantities help you avoid restocking too few or too many parts.

Reorder Points and Order Up to Levels

The automated reordering process in Fishbowl begins with the creation of reorder points and order up to levels, which are also known as min and max levels. The order up to level is the quantity of an item that has been determined to be the highest number of that item to keep in stock. These levels are set on a per-product basis. They can be companywide or based on a specific location’s inventory needs.
04 | Reorder Points and Forecasting

Adjust your reorder points to match fluctuating sales forecasts

There are two ways that you can create reorder points and order up to levels in Fishbowl. The first way is to manually enter what you know them to be or copy and paste them from a spreadsheet. The other way is to utilize Fishbowl’s manufacturing and sales history. Plus, Fishbowl enables you to forecast future changes in sales. If you expect sales to increase by a certain percentage over time, you can build that into the estimates of each part’s reorder point and order up to level.

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05

Auto Purchase Orders

Use auto purchase orders to speed up the reordering process.

Auto Purchase Orders

In Fishbowl, purchase orders can be generated automatically through the use of reorder points and order up to levels. Each part first needs to be assigned a default vendor so that the system knows which one they need to be ordered from. You can modify the vendor on the purchase order or leave it as is.
06

Open Orders

It’s important to track open orders before auto generating purchase orders for new goods.

Open Orders

Auto purchase orders not only save you the trouble of having to manually create a purchase order for each of your vendors, but they also make sure no parts slip through the cracks and accidentally run out before you order more of them. When reordering, you can take into account any open manufacture orders or sales orders that will raise or lower the inventory in the future when completed.
07

Auto Manufacture Orders

Auto manufacture orders make good use of existing supplies.

Auto Manufacture Orders

The auto purchasing feature in Fishbowl isn’t the only way you can replenish your inventory. Fishbowl’s Auto MO feature allows you to create work orders to fix low quantities of finished goods. It does a production run to catch up on inventory and is also associated with the reorder points and orders up to levels. This is similar to the auto purchasing feature but uses existing raw materials instead of ordering new inventory.
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08 | Auto Transfer Orders

Transfer orders let you quickly replenish inventory quantities at short locations

If you have multiple warehouses where you store inventory, you can transfer some parts from one location to another. This doesn’t require a transaction. Instead, it simply requires a transfer order to ship parts from one warehouse that has a surplus of inventory to another warehouse that has a shortage of inventory.

Case Study

Mending Shed

Reorder points and auto purchasing slashed the time it takes to create purchase orders

  • Made great use of Fishbowl’s reorder points and auto purchase orders by vendor
  • Reduced the time it takes to create purchase orders from six hours to one hour per day
  • Able to quickly restock hundreds of parts from dozens of vendors
  • Integrated Fishbowl’s inventory quantities with their website to provide real-time data to customers

mending shed case study inventory management auto purchasing
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Automate your purchasing process with Fishbowl’s advanced inventory management software.