Having the right amount of inventory on hand is a big headache for small businesses. When you have too much, you tie up valuable and scarce capital resources and have the added expense of increased storage. When you have too little, you risk the loss of a sale, a reduction in customer service, and or the added expense of expediting purchase orders. The bottom 30% of businesses have nine times more inventory than their top 20% performing peers. Furthermore, they are seven times more likely to be in a stockout situation. In others, we other words, small businesses often have too much of what they do not need and too little of what they do need.
Wouldn't it be nice to make inventory decisions based on business intelligence rather than just a guess. Our flagship software application, Phitch, makes it easy for small businesses to optimize their inventory. Only Phitch maximizes your investment in inventory by setting your inventory levels to you maximum economic value added or economic profit. Do not be fooled by imitators who still use arbitrary settings, such as days of supply.
OK, the thought of “inventory optimization” makes most people want to sleep. So, that’s why we’ve built Phitch to make it easy. You don’t need to know the mind-numbing theories or formulas or Excel spreadsheets. We do everything in the background and provide you with easy to understand color coded alerts. If an item is red, it is in shortage or understocked – simply click a button and place all your orders back through QuickBoooks. If an item is blue, it is in surplus or overstocked – simply click a button and send an email alerts staff to get the item moving.
Instead, you can focus on important things, like running your business. In the meantime, you’ll be getting some nice cost savings. Our website features a free return on investment calculator to gauge your benefit and our solutions includes a report to measure your actual results.
Keep in mind that Phitch – which is an add-on for QuickBooks – analyzes your transactions, figuring out when to order the right amount at the right time. It’s what sets us apart from the other solutions on the market.
Our solution, which is patent pending, includes Fortune 500 level features. Yes, that's right. We've built the software to give your company the power of the Fortune 500. Some features include....
Lean: a Toyota management philosophy centered on creating more value with less work is the most popular supply chain methodology today. Phitch is the only QuickBooks add-on to utilize visible alerts or Kanbans to notify inventory needs and set reorder points.
Economic value added: the measurement of the economic value of an investment is the most successful performance metric employed today. Phitch is the only inventory software to maximize economic value added.
Global sourcing: a strategy to find the most cost efficient location for supply of a product. Phitch is the only QuickBooks compatible solution to guide you through the complex issues. Over half of small businesses will be involved in global trade by 2018.