Case Study: Prince Michel Vineyard & Winery achieves near-zero stockouts and a 17% net income increase with Fishbowl Inventory

Fishbowl® Helps Prince Michel Flow From Crisis Management To Informed Pricing, Production Planning, And Sales Fulfillment

Prince Michel Vineyard & Winery, one of Virginia’s largest wine producers, struggled with poor inventory accuracy, frequent stockouts, delayed and inaccurate cost-to-manufacture reporting, and an inability to change part numbers without losing history—while needing better integration with QuickBooks (including class reporting) to understand product and customer margins. To address these issues they implemented Fishbowl Inventory’s Fishbowl Manufacturing solution.

Using Fishbowl Inventory’s manufacturing features (standard costing, BOMs, multi-warehouse support, reorder points and QuickBooks integration), Prince Michel gained immediate cost-to-manufacture data, could change part numbers without losing history, and improved production planning. Fishbowl Inventory reduced inventory adjustments from 12% to 2%, virtually eliminated stockouts (saving over $10,000 annually), delivered a 17% increase in net income and 40% improvement in cash flow, cut $25,000/year by removing outside accounting work, and made margin reporting timely and more than 10% more accurate.

Prince Michel Vineyard & Winery