Quick Tips: Setting Part Reorder Levels

Here is a few quick tips for you out there that wish to set up Part Reorder Levels. 

Reorder levels with Fishbowl

In this post we will go over the differences between Reorder Levels and Reorder Points, and how to create your Reorder Levels 3 Different Ways. As always if you have any questions related to Fishbowl don’t hesitate to call the office on 1300 785 755 in Australia and 0800 785 755 in New Zealand and one of our helpful support team members will be able to give you a hand.

Reorder Levels vs. Reorder Points

Reorder points are certain quantities of inventory that, when reached, trigger the process of purchasing more stock to reach a certain level. So when the total number of parts in stock gets down to the reorder point, you’ll know it’s time to reorder more of the parts.

Let’s make sure we’re all clear about the difference between Reorder Levels and Reorder Points.

Reorder Levels are made up of two things:

  1. Reorder Point: The minimum number of items in stock that marks the point at which they must be reordered to avoid running out.
  2. Order Up to Level: The maximum or preferred number of items that can be contained in stock. The reorder quantity shouldn’t be higher than this number.

You can run a Reorder Report from the Report module to produce a list of all the items in your inventory that have reached their reorder point. It will also show you how many to reorder to return to the proper level.

You can use reorder levels to automatically generate purchase orders for the necessary number of parts to get them back to the desired quantity through the Auto PO wizard. If you’re a manufacturer, you can also use reorder points to automatically generate manufacture orders for the desired quantity using the Auto MO wizard.

3 Ways to Create Reorder Levels

Here are the three methods by which you can create reorder levels:

1. Use a Reorder Levels CSV Import to create multiple reorder levels.

2. Use the Auto ROP wizard to automatically set multiple reorder levels at the same time.

3. Click the Inventory tab in the Part module to create and edit single items’ reorder levels.

Let’s delve into these three methods a bit more closely to give you an idea of how to do them and where to find them in the interface:

1. CSV Import

Click the File button at the top of the interface and then select the Import option. This will pull up a friendly Import wizard to guide you through the process of importing data on reorder levels via Excel spreadsheets. It tells you how to format the data and other essential things to follow

2. Auto ROP Wizard

The Auto ROP wizard is located in the toolbar on top of the interface. Simply click on it and it will bring up a new window to help you specify the right parts you’re looking for and calculate their reorder levels, based on a number of factors. I could spend an entire blog post explaining all of this, but to keep it brief I’ll just have to cut it short here and direct you to the Fishbowl Wiki for detailed instructions on using the Auto ROP wizard.

3. Inventory Tab

There are several tabs located at the top of the Part module, including General, Details, Accounts, and Inventory. Click the Inventory tab and you’ll be able to see detailed information about a particular part, including the number on hand, on order, allocated, committed, backordered, and so forth. You’ll also find a helpful section at the bottom with information about the item’s location, order up to level, and reorder point. You can adjust this information right there.

Look out for this Quick Tips Every Thursday where we delve into commonly asked questions and helpful hints to make sure you are getting the most out of Fishbowl inventory and manufacturing software.

At a Glance: Comparing Fishbowl and Reckon Accounts Enterprise Edition (Part 2: Manufacturing)

Last week we looked at Fishbowl inventory and manufacturing software and Reckon Accounts accounting software and their inventory abilities. Let’s continue looking at these two by comparing them both by going through their manufacturing features. This will throw the contrast between the two solutions into even greater relief than before because Fishbowl really shines in this area and brings a lot of tools to the table that can really help out manufacturers.

We will cover nine features involving work orders, manufacture orders, bill of materials, and other manufacturing aspects of these two software solutions. All these features are found in the Fishbowl Manufacturing software, and also include all the features that are found in  the Fishbowl Warehouse version. To determine which version is suited to your business’ needs contact the Fishbowl office toll-free on 1300 785 755 in Australia or 0800 785 755 in New Zealand and speak with Kylie.

comparing Fishbowl and Reckon Accounts manufacturing features

Advanced Work Orders

Fishbowl: Work orders in Fishbowl Manufacturing can be used for assembly, disassembly, reverse, service, and repair work orders.

Reckon Accounts: There are no advanced work orders in Reckon Accounts for these types of jobs.

Custom Work Orders

Fishbowl: Create custom work orders from the Sales Order module in Fishbowl Manufacturing to quickly generate sales quotes and orders.

Reckon Accounts: This feature is unavailable in Reckon Accounts Enterprise.

Assigning Users to Work Orders

Fishbowl: Administrators can assign specific users to work orders to establish their responsibility for them.

Reckon Accounts: This feature is unavailable in Reckon Accounts Enterprise.

Production Stages

Fishbowl: Lot numbers can be tracked in great detail, drilling into subassemblies and production stages.

Reckon Accounts: Only single level assemblies can be created.

Manufacture Orders

Fishbowl: The Manufacture Order module makes it possible to set up sub-assemblies and production stages in a bill of materials and link them all together.

Reckon Accounts: You can just do simple assembly jobs, so you’ll need to create several of them to have the same effect.

Auto Manufacture Orders

Fishbowl: Automatically generate new manufacture orders with items found in the appropriate bill of materials.

Reckon Accounts: This feature is unavailable in Reckon Accounts Enterprise.

Auto Manufacture Order to Prevent Stockouts

Fishbowl: When finished products get too low in your inventory, they can trigger Fishbowl Manufacturing to automatically generate manufacture orders to make more.

Reckon Accounts: This feature is unavailable in Reckon Accounts Enterprise.

Custom Bill of Materials

Fishbowl: You can customise bills of materials by setting up option groups and variable quantities to save time and make price adjustments.

Reckon Accounts: This feature is unavailable in Reckon Accounts Enterprise.

One-Time-Use Items

Fishbowl: In a bill of materials, you can add one-time-use items which allows for more accurate costing with economy of scale production.

Reckon Accounts: This feature is unavailable in Reckon Accounts Enterprise.

Next: Modules and Plugins

Come back next week for Part 3 to see a comparison of Fishbowl’s modules and plugins to Reckon Accounts Enterprise.

This post was originally written by Robert Lockard at Fishbowl in the US and has been edited to suit Australian and New Zealand audiences.

Crystal ball not needed: Fishbowl Forecast Module

 Fishbowl forecast module

The Forecast module is a Fishbowl Plugin that becomes part of the Fishbowl user interface. This is a bit different than separate solutions provided by Fishbowl and other companies. There’s nothing you have to download or even install. All you simply have to do is get the right credentials and then activate the Forecast module through Fishbowl’s Plugin module.

Predicting the future is simple with the Fishbowl Forecast Module

The Forecast module uses sales numbers, patterns and other information across a certain time period to predict upcoming sales, quantities, and costs. It then presents all of this data through a number of filters and chart types.

Here are the features you’ll find in this module:

  • As noted above, you don’t have to download anything. You simply have to enter the proper information into the interface to activate the already-installed Forecast module.
  • Numerous filters are available to limit the data to specific sales, quantities, costs, parts, and location groups.
  • In addition, you can select the period of time you want to use as a reference to base the predicted sales information on. You can also select the future period of time you want to extend the forecasting into.
  • Forecasted data can be displayed in three main types of charts: line graph, accumulation, or scatter plot. You can select the one that will show the data in the most intuitive way for your needs.

This post comes from Robert Lockard, Fishbowl USA

Meet the Team: Sue-Ellen

meet-the-team-sue-ellen-header

Fishbowl Team, Say G’Day

Once a month we will be meeting a new member of the Fishbowl team. Firstly we will be meeting Sue-Ellen and next month we will be saying hello to our newest team member, Jenny.

Who is Sue-Ellen?

If you’ve called our office recently, you may have noticed a few new voices on the phone. Sue-Ellen is one of those voices, and has joined our team as a Consultant and has been working on the Support Desk over the last couple of months. Sue-Ellen brings over 15 years of accounting and IT experience with her.

Expect to see Sue-Ellen on-site implementing Fishbowl and better workflows for your business, and on the phone answering any queries you may have.

Want to Say Hello?

If you have any questions, or want to say hi to the team, don’t hesitate to call our office on 1300 785 755 in Australia or 0800 785 755 in New Zealand.

QuickBooks Online Integration Now Available – Fishbowl 2016.7

Fishbowl 2016.7 is now available.

This month we see the release of Fishbowl 2016.7 and with it comes QuickBooks Online integration.

fishbowl 2016.7 now available

Every new release of Fishbowl inventory software adds new features and 2016.7 is no exception. Read below to see the highlighted new features for this release.

QuickBooks Online integration

Fishbowl offers seamless integrations to Xero, Reckon Accounts and now QuickBooks Online. QuickBooks Online makes your accounting seriously easy and you can access your accounts from anywhere in the world, and works with Fishbowl Anywhere, the fully featured inventory and manufacturing browser based application.

Magento 2.x and eBay Integration

Adding to the growing list of shopping cart integrations available from Fishbowl, including Opencart, Shopify, Woocommerce and more it has never been easier to integrate your online store to your inventory software.

Advanced product search

Fishbowl is always looking to make your warehouse easier to navigate, from displaying the quickest route to pick orders and now making it easier to use the advanced search functions.

You can now search using your UPC and SKU information to find exactly what you need, when you need it.

See Fishbowl in action

To see these new features in action you can download the free trial here or register your interest to book an online demonstration here, and have one of our Inventory Software Specialist walk you through a personalised demonstration of what Fishbowl can do for your business.