SkuVault CEO Andy Eastes’ story started in middle school when he began selling things online out of his friends’ parents’ basements, garages, and attics. That eventually evolved into estate sales and then actual stores with actual vendors. Then he helped start an apparel and footwear e-commerce company in Louisville, Kentucky where he soon built his first inventory system. Shortly thereafter he put himself back in the e-commerce business by building the prototype of SkuVault, then called Epic, which he sold to two customers, one of which is still using it today. In December 2012, he launched the web-based system which is now known as SkuVault.Check out this partner profile and get to know Andy Eastes, #CEO of @SkuVault. #Unify Click To Tweet
SkuVault is a warehouse management technology platform that also has supporting features to go further back in the supply chain and enable companies to come into the 21st Century, go digital, and be multi- and omnichannel from the beginning. SkuVault takes sales all the way from purchasing up to and through the fulfillment process to then on the backside of that the reporting and analytics. Partnerships and integrations with companies like Webgility and the Virtual ERP for e-Commerce are key to their clients’ success.Continue reading →
If you’re an online retailer with complex inventory needs, we’re confident that this partnership has the power to give you peace of mind and the confidence you need to take risks and strategically build your business. Unify for SkuVault allows you to schedule and post online order data from any sales channel or SkuVault directly into accounting. To prevent overselling, you can easily track and sync quantity and price of items in SkuVault with accounting, while all sales and inventory changes can be instantly synced. And by adding in a connection to marketplaces like Amazon or eBay, you can close the loop on your finances by recording fees and expenses in your accounting. The result is easy, complete reconciliation that makes everyone happy, including the nice folks in the warehouse and your favorite accountant.
Leveraging our years of experience in e-commerce, retail, finance, and accounting, we’ve developed Unify for SkuVault to meet the complex inventory management needs of multi-channel sellers like you. We are pleased to partner with SkuVault, an industry leader in the category or warehouse and inventory management, so that you can stop all the data entry that’s involved with bookkeeping, and get back in control of your growing business. To learn more and start a free trial of Unify for SkuVault, please visit skuvault.webgility.com.
Before we get into why the cycle count is important, let’s reiterate an important set of conditions: Any item that comes into your warehouse should be accounted for in your accounting system through an item receipt or bill, every time. Also, every item that leaves your warehouse should be accounted for by a sales transaction. So, nothing comes in or goes out without being logged in your accounting system.
Now, about the inventory. Once you’ve done your full physical count, how do you know that your count is accurate? Conducting a monthly cycle count means re-counting the top 10 percent highest volume, quickest selling items to reveal any discrepancies between the counting system and what’s physically on your shelves (or any breakdowns in workflow) so the system can be corrected immediately.Continue reading →
Congrats on learning all about the pre-count. Let’s move on, shall we? Because you have to suspend operations while you’re doing your physical count, your business will be impacted. For this reason, most people do their count during the evening or over a weekend or when they’re normally not shipping orders. To make your count move along as quickly as possible, take care of the inventory planning while you’re still in operations. Namely, organize your warehouse, plan who will count what and when, assemble your gear, and print your lists. This will keep the suspension of operations as short as possible so you can get back to business (and selling) as usual. Here are some insider tips and tricks for planning and executing that physical count.Continue reading →
Building a solid foundation of inventory management is the key to success for any e-commerce business, especially as the holiday buying season approaches. Accurate inventory helps identify problematic operational processes and creates a system of checks and balances between your accounting and your warehouse teams.
Overselling, which is one of the most dangerous situations for a business, can be difficult to identify until it has reached a critical level. Following our simple inventory best practices will give you key insights into how your business is growing and what products are fueling that growth. The counting of inventory usually occurs in stages based on the needs of your business. There’s a pre-count, a physical count, and the cycle count.
It sounds simple enough, but resist the urge to jump right into your physical inventory count. Like any important task, preparation is key: If you’re going to paint your house, you’ve got to first tape the trim and lay the drop cloths. Similarly, there’s some critical prep work that needs to be addressed in the pre-count:Continue reading →