Jezebel's Boutique currently manages their inventory manually which takes a significant amount of employee time. They proposed purchasing Fishbowl Inventory software which would automate the inventory process using barcodes and seamlessly integrate with their QuickBooks system. The software would cost $3,595 but they estimate it would save $256 per month in labor costs. At this rate, the software would pay for itself within 14 months.

1. Jezebel’s BoutiqueFinal PresentationSarah Gascoine, Lara Granahan, Maya Mclean & Katie Shute

2. Jezebel’s BoutiqueCompany BackgroundJezebel’s Boutique Located at 366 E. College Ave., State College, PA Co-founded in fall 2007 by Patty and Jessie StoverSpecializes in free professional bra-fittingsRange of lingerie products including 23 brands of bras, maternity wear, sleepwear, robes and slippersProvides bath and body products, cosmetics, travel bags and handbags, and an array of other accessories

3. Problem - entire inventory process is conducted manually by the employees, using valuable time and moneyThe inventory process for Jezebel’s Boutique consists of the following steps:Analyze stock on hand, typically by brandRecord items below re-order pointList items to re-order (those below re-order point)Re-order all needed productsReceive and verify product orderManually input required fields for each product in QuickBooksScan individual barcodes for the sale process in QuickBooksPut product onto sale floorJezebel’s BoutiqueIssue – Manual Inventory

4. Mangers work an estimated 40 hrs/week  10 hrs/week on inventorySales Associates work an estimated 3-12 hrs/week  1-2 hrs/week on inventoryJezebel’s spends an estimated $130 - $256 per month paying employees for inventory work** Number does not include managers pay due to salary confidentialityJezebel’s BoutiqueIssue - Manual Inventory

5. Jezebel’s BoutiqueDiagram of Current Process

6. Solution – purchase the Fishbowl Inventory softwareWorks seamlessly with the QuickBooks software that Jezebel’s currently utilizesUses a configuration wizard to download all the customer, vendor, and quantity information directly from the QuickBooks filesFishbowl will transfer general ledger information to the QuickBooks databaseUses barcodes and a scanner to automatically track inventoryJezebel’s BoutiqueRecommended Solution

7. Jezebel’s BoutiqueDiagram of New Process

8. Fishbowl Inventory software starts at $3,595The software includes the following for up to one year from the purchase :One-on-one online trainingOnline training videosChat supportEmail supportPhone supportJezebel’s BoutiqueRecommended Solution

9. Jezebel’s BoutiqueImplementation Schedule

10. The cost of Fishbowl Inventory is $3,595The software will save Jezebel’s an estimated $256 per month (** Not including manager costs)$3,595 / $256 = 14 monthsJezebel’s will pay off the software after 14 months and will then begin turning a profit.Jezebel’s BoutiqueRecommended Solution

11. Jezebel’s BoutiqueQUESTIONS ?