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.
Maintain a healthy inventory balance with reorder points on parts across the board.
Maintain the right inventory balance to avoid both stockouts and overstocking.
Min and max part quantities help you avoid restocking too few or too many parts.
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.
Use auto purchase orders to speed up the reordering process.
It’s important to track open orders before auto generating purchase orders for new goods.
Auto manufacture orders make good use of existing supplies.
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.
Reorder points and auto purchasing slashed the time it takes to create purchase orders