E17: Real-Time Inventory, Real Results: Katana's Take on Smarter Supply Chains
Description
Summary
In this episode of The Ecommerce Finance Podcast, Stephen Brown interviews Ben Hussey, co-CEO of Katana, discussing the complexities of manufacturing and inventory management in the current ecommerce landscape. They explore the challenges posed by rising costs, supply chain disruptions, and the importance of real-time data for effective decision-making.
Ben shares insights from his extensive experience in ecommerce, highlighting the shift towards hybrid business models and the necessity for brands to adapt to changing market conditions. The conversation emphasizes the need for strategic planning and the value of technology in navigating the evolving ecommerce environment.
Takeaways
- Cost of goods sold increased dramatically due to future buying.
- Real-time data is crucial for effective inventory management.
- Businesses need to diversify their supplier base to mitigate risks.
- Planning and forecasting demand accurately is essential.
- The shift to hybrid business models is becoming more common.
- Companies that adapt quickly to changes are more likely to succeed.
- Inventory management requires active engagement and oversight.
- Technology has made it easier for small businesses to thrive.
- Understanding true landed costs is vital for pricing strategies.
- The e-commerce landscape is evolving, requiring new skills and strategies.
Chapters
00:00 Introduction to Ecommerce and Manufacturing Challenges
02:51 Ben Hussey's Journey in Ecommerce
05:29 State of Manufacturing and Inventory Management
08:37 Navigating Cost Drivers in Manufacturing
11:09 Trends in Supply Chain and Manufacturing Decisions
13:58 Global Disruptions and Market Responses
16:53 Shifts in Manufacturing Strategies and Business Models
20:23 Impact of Regulatory Changes on Ecommerce
22:57 Common Mistakes in Inventory Management
24:55 Ecommerce Evolution: Skills vs. Arbitrage
27:11 Key Differentiators for Business Success
29:45 The Importance of Active Management
32:17 Navigating Challenges in Consumer Products
36:52 Opportunities in a Changing Market
39:58 Recommendations for Future Success
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