Blogs
Top 10 Most Essential Tools for Service Contractors
The tools that every service contractor should have handy while on the job. Service contractors rely on their tools for accuracy, elasticity, craftsmanship, comfort and safety. Here is a short list of “must have” tools that every service person needs regardless of the type of work he or she does. Screwdriver This may not…
July 18, 2019
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MarginPoint Offers a One-Stop Shop for Effective Inventory Management
MarginPoint is the leader in cloud-based inventory management solutions and helps over 800 companies manage their inventory, optimize their business process and drive more revenue. MarginPoint is the one-stop shop for all your inventory control needs. We help companies optimize inventory in the warehouse, on a fleet of vehicles, in any location and with any...
July 8, 2019
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The Direct and Indirect Costs of Failing to Track Inventory Turns
Inventory Turnover Ratio = COGS (costs of goods sold) / AIV (average inventory value) Knowing how much product or inventory being sold at any given time is good business. Unfortunately, it’s a calculation that’s often overlooked in service trades such as plumbing, heating and cooling or electrical. Most contractors will agree that its largely due...
June 12, 2019
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Implementing Mobile Inventory Management is Easier Than You Think
Have you been meaning to implement a better inventory control system for your company, but keep putting it off out of fear of how complicated it will be? Companies managing inventory know that mismanaged inventory can cost them thousands of dollars every month in unplanned purchases and decreased productivity. When your employees don’t have the...
May 22, 2019
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In the News: Distributors Providing Technology to Customers: Is It Worth the Investment?
Short answer: Yes! Increasingly, distributors are investing in software solutions that help their customers better manage their own operations and those that are reap the benefits. For example, the few distributors that provide inventory management software as a value-added service to their HVACR and plumbing contractor customers are seeing their gross margins grow by over...
May 7, 2019
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What Would You Do with An Extra 4 Hours Per Day?
Time is money. Any busy contractor knows this is true. It’s the very premise that helps you bid on jobs, schedule work and anticipate the labor hours you’ll need to get the job done profitably. Contractors also know that time management is a never-ending battle and a constant source of stress. According to this article...
April 15, 2019
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Real-Time Visibility: Inventory Control Solutions from Anywhere
Many companies often tell us that managing their inventory is a challenge and managing inventory with multiple locations (whether it’s a warehouse, truck or stockroom) is an even bigger struggle. Because manual methods of inventory management don’t allow for real-time data and insights on inventory, businesses struggle to accurately monitor usage or predict future trends....
April 3, 2019
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3 Reports Contractors Need to Gain Control of Inventory
MarginPoint offers customizable, built-in analytics and scheduled reports for contractors that want to improve inventory management. As contractors grow, successful inventory management can often make or break technicians’ ability to keep up. These three reports keep contractors in the know and help them make better business decisions with real-time data on material costs and usage...
March 20, 2019
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Inventory management with Microsoft Dynamics 365 for Field Service: A real growth opportunity
As the economy grows, service contractors in the HVAC, electrical, mechanical, and plumbing industries are experiencing rapid growth in their businesses. As a result, what was previously working in terms of operations and processes often becomes unmanageable with the increasing scope of activities…… check out the rest of the story at MSDynamicsWorld
March 14, 2019
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Contractor Increases Profitability with Better Inventory Control
MarginPoint is proud to partner with Aux Home Services, a provider of heating, cooling, plumbing and electrical services in Birmingham, Alabama. The contractor focuses on repair for residential properties. When we first implemented our Mobile Inventory solution for Aux Home Services in 2016, they were experiencing rapid company growth and, as a result, less inventory...
February 21, 2019
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