#139 Inventory Management for Early Brands: Cory Hebert from Cin7, and Jamie Valenti-Jordan, Catapult Commercialization Services
The Startup CPG Podcast
Startup CPG
4.9 • 642 Ratings
🗓️ 23 April 2024
⏱️ 56 minutes
🧾️ Download transcript
Summary
This episode was sponsored by Hummingbirds. Go to www.hummingbirds.com
Join Daniel Scharff in this episode of the Startup CPG Podcast together with Cory Hebert from Cin7 and Jamie Valenti-Jordan, CEO of Catapult Commercialization Services, as they illuminate the challenges faced by startups during product launches and emphasize the importance of accurate data entry to prevent financial losses and share invaluable insights on leveraging Inventory Management Systems (IMS) to streamline processes efficiently.
Discover practical strategies for reconciling orders with available inventory, optimizing payment terms, and managing cash flow challenges. Learn from real-world experiences and gain actionable advice on implementing efficient inventory management systems like Cin7 Core.
Cin7 is the market leader in Inventory Management for emerging brands. We have a Startup CPG EXCLUSIVE DISCOUNT! 50% off the first 3 months of Cin7!
To register for a demo or start your free trial:
http://www.cin7.com/startupcpg
Don't miss out on this episode packed with expert advice and industry insights! Tune in now and take your inventory management to the next level!
Listen in as Cory and Jamie share about:
- Initial Challenges Faced by Startups
- Excel Limitations for Inventory Management
- Products Compliance and Safety
- Advantages of Using IMS (Inventory Management Software)
- Starting a Business and IMS Subscription
- User Experience and Critical Features of IMS
- Order-to-Cash Process
- The Difference between IMS and ERP (Enterprise Resource Planning)
- Challenges and Limitations of ERP
- Outsourcing Operations and Operational Challenges
- Inventory Management Tips
get.cin7.com
Inventory Management Software | Cin7
Cin7 is trusted by thousands of businesses to get their products to more customers, in more places, faster than ever before. Try our inventory management software today.
Episode Links:
Website: Cin7
LinkedIn: Cory H.
Website: Catapult Commercialization Services
LinkedIn: Jamie Valenti-Jordan
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- Episode music by Super Fantastics
Simply Depo Link:
- Improve your sales reps' efficiency for solid management support to scale your business, email info@simplydepo.com or visit simplydepo.com
Transcript
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| 0:00.0 | Imagine this. You get accepted into a new regional chain. |
| 0:03.3 | Hooray! Now, the race to drive velocity begins, but awareness plays are so expensive. |
| 0:09.4 | Demos, displays, coupon programs, the list goes on. |
| 0:13.3 | But what if there was a way to connect with millennial women, some of the most important shoppers out there to actually go into the store, buy your product, and then post |
| 0:21.3 | about it to their trusted friends and neighbors. Well, now there is. Meet Hummingbirds, the new |
| 0:26.0 | platform that connects your brands with real shoppers in a specific city. Hummingbirds lets you set up |
| 0:32.2 | your campaign, match with the local birds who are interested, and then track the social impact of the |
| 0:37.3 | campaign. |
| 0:38.4 | It's such a cool concept to hear about a product from someone from my own community that I know and |
| 0:42.9 | trust rather than some big-time influencer who might not even be relevant in certain zip codes. |
| 0:48.9 | To learn more, check out hummingbirds.com backslash startup CPG, and you can even register for a chance to win a free custom-managed program. |
| 0:58.9 | The winner will be chosen on June 28th. Terms and Conditions Apply. |
| 1:03.4 | Please visit the website for details. Good luck. Yeah, the goal of product like Sin 7Core and our company really is to make it easier on our customers. |
| 1:22.8 | So that when you're buying products, when you're selling products, that it's as smooth as possible. |
| 1:28.2 | That's why we have the ability to create purchase orders, download sales orders from integrations like Shopify and |
| 1:33.5 | Amazon, integrate directly into an accounting software like QuickBooks so that you can upload |
| 1:39.0 | those invoices, pay your bills, really just simplifying the process, making everything more |
| 1:43.8 | efficient so that you're not manually recreating something in one system and then pay your bills, really just simplifying the process, making everything more efficient, |
| 1:44.6 | so that you're not manually recreating something in one system and then replicating that in another. |
| 1:51.6 | Welcome CPGers to the startup CPG podcast. I am super excited about today's topic of inventory |
| 1:57.5 | management. At the beginning of your company, especially if it's the first time |
| 2:01.1 | around, you might not think about it, but you will quickly start wondering about inventory |
... |
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