Inventory Management 101 - Get your inventory operations fit as a Fiddle

The Startup CPG Podcast

Startup CPG

Startup, Food, Business, Beverage, Cpg, Entrepreneurship

4.9 • 642 Ratings

🗓️ 24 January 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

43 percent of small businesses in the United States don’t track inventory, or do so using a manual system. In CPG, our inventory has the added complexity of lot/batch tracking, expiration dates, recalls, compliance, and certifications. Brands who win have a handle on their inventory, margins, and operations. That's why we had Ken Ojuka join us to talk all things inventory and physical product movement. Ken is the CEO of Fiddle, modern inventory operations software for CPG brands and manufacturers. Listen in as Ken walks through how to think about inventory in CPG, how and when to choose an inventory system, and other best practice tips to manage your inventory like a pro. Fiddle is a proud sponsor of Startup CPG. Episode Links: Fiddle’s website Ken's LinkedIn Listen to the The Physical Product Movement Podcast Request a 30-min Fiddle demo here Get free access to "The Ultimate Supplier & Co-Packer List" here "The Ultimate Inventory Management Guide For Growing CPG Brands" by Fiddle is available here Show Links: Join the Startup CPG Slack community (5K+ members and growing!) Follow @startupcpg Visit host Jessi's Linkedin or website Questions or comments about the episode? Email Jessi at jessi@startupcpg.com

Transcript

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0:00.0	Your product and your inventory that you have in your warehouse is money.
0:09.0	It's just dollars.
0:11.0	So you think about it just like a bank account, you know, and you can't imagine running a business
0:16.0	or even running your personal life without having a clear idea of what's in the bank account, you know?
0:21.5	And unfortunately, that's the way that we see a lot of people running their, running their
0:26.2	CPG companies.
0:27.7	Welcome to the Startup CPG podcast.
0:29.7	I'm your host, Jesse Freytag.
0:31.8	I was reading if 43% of small businesses in the United States don't track inventory or do so
0:37.4	using a manual system.
0:38.9	In CPG, our inventory has the added complexity of lot and batch tracking, expiration dates,
0:45.0	recalls, compliance, and certifications. Brands who win have a handle on their inventory, margins,
0:50.8	and operations. That's why we've got Ken Ojuka joining us today to talk all things
0:55.0	inventory and physical product movement. Ken is the CEO of Fiddle, a modern inventory operations
1:00.0	software for CPG brands and manufacturers. Listen in as Ken walks us through how to think about
1:05.0	inventory and CPG, how and when to choose an inventory system, and other best practice
1:09.6	tips to manage your inventory like a
1:11.4	pro. Hi, Ken. Welcome to the show today. Thanks for being here. Hey, Jesse. It's good to talk to you
1:16.9	again. I've been looking forward to this conversation. Yeah, I'm super excited. It's always fun to get to
1:21.9	talk to another ops person. And this is actually the third podcast episode I recorded with Ken on different.
1:29.2	I've been on his show. He's been on my personal show. So this is super fun to get to connect again
1:33.2	and to talk particularly for our startup CPG audience and talk all things, inventory management.
	...

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