ROI Toolbox - Whiteboard Wednesday

An ROI Toolbox is an essential tool to make a decision about whether purchasing inventory management software is wise or not.

If you decide that you want to put inventory management software in place to solve business problems (such as inconsistencies, broken supply chains, and stockouts), you can use an ROI Tool to see how much it will:

• Accelerate your inventory processes
• Increase your revenue
• Help you collaborate between departments and with your vendors
• Optimize your order management, receiving, and other areas of your business
• Standardize practices across your company so that everything gets done properly instead of haphazardly

It's important to measure your ROI before making a final decision because you want a solution that maximizes your efficiency and is the best use of your money.

Fishbowl's Whiteboard Wednesday discusses complicated inventory management issues in simple graphics and words. Fishbowl is the most-requested inventory management software for QuickBooks users.