Streamline retail inventory
Retail inventory management for better efficiency and lower costs
Reduce waste and enhance profitability with efficient inventory management for retail operations.
Fishbowl’s retail inventory management reduces costs, optimizes stock, and enhances customer satisfaction
Cost optimization
Efficient retail inventory planning cuts costs by reducing waste, minimizing losses, and preventing overstocks of perishable or seasonal items.
Shrinkage reduction
Combat shrinkage by addressing and accounting for miscounted and damaged items.
Increased revenue opportunities
With strong retail inventory management, the right items are always in stock at each store or warehouse, improving sales and revenue potential.
04 | How it works
Retail inventory management with Fishbowl
Fishbowl’s comprehensive inventory management solution helps you control retail goods across multiple locations. Easily track sales, gain actionable insights, and maintain optimal stock levels to meet business needs.
Personalized shopping experience
Inventory data analysis provides valuable insights about what customers want. Fishbowl's integrations, like SalesIn and LilyPad Vortex, recommend products and tailor promotions to different audiences to boost satisfaction and loyalty. And with Fishbowl Advanced’s Pricing Rule module, you can manually apply discounts to certain products or customers.
Point-of-sale transactions
Fishbowl Payments ties all transactions to your inventory system, automatically updating the stock count and syncing data so numbers stay accurate.
Streamlined processes
Fishbowl’s software speeds up inventory control and enhances operations everywhere. Using inventory tracking tools like barcode scanning, store clerks and warehouse workers can handle tasks like cycle counting and reordering to keep operations running smoothly.
Frequently Asked Questions
FAQs for retail inventory management
In retail, inventory refers to the goods and products a retailer stocks with the intention to sell. Managing this inventory effectively is crucial for meeting customer demand, reducing costs, and maximizing profits.
Most retail businesses use a retail inventory management system like Fishbowl to monitor stock levels, set reorder points and alerts, and count items. Fishbowl also provides sales data analysis to forecast demand and help you make informed inventory planning decisions.
Inventory control is a multi-step process that goes beyond just tracking items in your warehouse or store. It includes:
- Forecasting and planning
- Purchasing and replenishment
- Receiving and inspection
- Storage and warehousing
- Inventory tracking and counting
- Order fulfillment and shipping
- Returns and exchanges
- Inventory analysis and reporting
Yes, Fishbowl supports multi-location inventory management. Seamlessly control and monitor inventory levels across all locations you store inventory — including warehouses, stores, and distribution centers — from a single platform. Fishbowl automatically updates your numbers, no matter how many locations you have.
Fishbowl integrates with several popular eCommerce platforms, including Shopify, Amazon, and eBay. These integrations ensure automatic, real-time inventory updates, helping you efficiently track and manage stock across online and physical stores. Plus, the Fishbowl Commerce plugin combines and syncs all of these channels for accurate tracking.
Fishbowl offers dozens of custom reporting options to analyze historical sales data, predict future demand, and adjust retail inventory allocation accordingly. In fact, there’s a Forecast module to analyze data and do the work for you. And Sales Data tells you where sales come from and when.
This data-driven approach helps you optimize stock levels and get the information you need to thrive.
Case Study
Arrowhead Electronic Healthcare
Using kits to improve manufacturing, sales, and inventory tracking
- Made great use of kitting features in the manufacturing and order fulfillment processes
- Generated detailed demand reports to see what kits to put together for faster shipping times and fulfillment
- Used serial numbers to track every inventory item that went into a kit
- Viewed inventory quantities in real time across multiple locations
Testimonials and Awards
See why our customers trust us for their inventory management needs
