Boxes R Us Saves $60,000 in Inventory with Fishbowl
Customer Company Size
SME
Region
- America
Country
- United States
Product
- Fishbowl Advanced
- Xero
- QuickBooks
Tech Stack
- Inventory Management Software
- Accounting Software Integration
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Functional Applications - Inventory Management Systems
- Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Industries
- Consumer Goods
Applicable Functions
- Warehouse & Inventory Management
- Business Operation
Use Cases
- Inventory Management
- Supply Chain Visibility
Services
- System Integration
About The Customer
Boxes R Us is a provider of gift and promotional packaging solutions, catering primarily to small businesses. The company is known for its flexibility in offering small quantities of packaging, allowing even small enterprises to purchase without the need to buy in bulk. This approach helps Boxes R Us remain competitive in the market. However, the nature of their business means they often hold a diverse range of stock, which can be challenging to manage. The company was previously reliant on outdated manual processes for inventory management, which posed significant operational challenges. Under the ownership of Kristy and Scott Buckley, Boxes R Us has been striving to modernize its operations and improve efficiency.
The Challenge
Boxes R Us faced significant challenges due to outdated practices and manual processes, which led to a lack of visibility and warehouse overflow. The company, which provides gift and promotional packaging solutions for small businesses, often found itself holding a large variety of stock in significant quantities. This situation was exacerbated by the manual recording of stocktakes on a whiteboard, a practice inherited from the previous owner. The manual management of stock levels posed risks such as holding too much stock, not maximizing cash flow, and inefficient business operations. The absence of a robust inventory management system was a critical issue, leading to potential financial losses and operational setbacks.
The Solution
To address the challenges faced by Boxes R Us, the company implemented Fishbowl Advanced, an inventory management software. This solution was chosen to provide greater visibility, efficiency, and cost savings. Fishbowl Advanced assists in enhancing inventory prediction accuracy by analyzing trends from high-performing products, which helps in improving demand predictions. The software reduces storing and handling expenses, increases sales, and improves cash flow. Historical records, including those from peak seasons, are used to identify significant sales trends that require stock modifications throughout the year. Kristy and Scott Buckley recognized the need for modernizing their inventory processes and moved away from outdated manual methods to embrace the innovative capabilities of Fishbowl Advanced. This shift was crucial for streamlining operations and achieving heightened accuracy in inventory management.
Operational Impact
Quantitative Benefit
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