What Is Inventory Management? - Whiteboard Wednesday

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.

[lvteachme]

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

[marinanarra]

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!

[hetpatel]

Thank you for explaining the concept clearly.

[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

[kaseyingham]

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

[dukefernando]

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

[priscillasibanda]

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

[monhectorabalos]

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

[amandapaniagua]

Simple and accurate- thanks for the informative video!

[andrewfrancis]

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

[zednes]

Great video very easy to understand and informative thank you!

[bittersweeter]

This helped my dad a lot thx for the presentation !

[jeevanpatnaik]

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

[JABelieve]

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

[rahulagrawal]

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

[spirecrmbusinesswareforsag]

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.

[MuhammadAli-bpsl]

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

[dunkbroda]

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

[teferiolana]

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

[nischalshah]

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