From the Desk of...
MARIO NOWOGRODZKI, CPA/CITP
Founder and Principal
Your Inventory Adventure does not have to be a Dream...
Choosing an inventory / order management software for your business can be difficult. Imagine erasing costly work hours from your busy day. That does not need to be a dream but a reality. There are benefits to inventory tracking software.
For instance, QuickBooks Enterprise with Advanced Inventory can address many entities' needs -- from tracking multiple inventory sites and bin-locations to serial or lot number tracking and even simple bar code scanning. There are also 3rd-party add-ons that address more complex needs, such as ACCTivate!, Fishbowl Inventory, AllOrders by NumberCruncher, and InventoryControl by WaspBarcode. More complex needs can include EDI integration, larger item or customer lists, bigger transaction volume, mobile bar code scanning, and more.
Here is a bold statement: no matter how much the inventory solution costs, it will pay for itself in a matter of months or less. That is our clients' experience.
The best way to choose the appropriate solution -- or whether an add-on is necessary -- is to follow these guidelines: (1) analyze current and desired workflows to fully understand the business requirements; this study results in recommended courses of action, including technical software/hardware and/or changes to the accounting system workflow process. Next step is to (2) evaluate alternative solutions, including QuickBooks Financial (QuickBooks Enterprise + Advanced Inventory) and two or more 3rd-party add-ons. And lastly, (3) choose and implement a solution based on budget and functional requirements.
One of our areas of expertise -- growing every month -- is this of supply chain / inventory / warehousing management. We are taking this expertise and putting it in the form of a formal course. See below for class schedules. An excellent starting point to your inventory adventure is to attend tomorrow's class, either in person or via web-conference.
So, let's explore inventory management adventure together!