inventory management

072: Gifford Pace’s Inventory Management Process

As demand increases for your tangible goods, you will inevitably have to streamline your order-to-delivery process to ensure customer satisfaction. Outsourcing inventory management represents an opportunity cost when considering your small business no longer has the capacity to fulfill orders in a timely manner. Storing inventory in your basement, garage, or closets is no longer an option. In this episode, Gifford Pace explains a process his employer implements to help people “get their garage back” and ensure their order fulfillment is not compromised during sales peaks.

Special Guest: Gifford Pace, Business Development Consultant – Fulfillment Strategies International (FSI)

Location:  Atlanta, GA  USA

Show Notes:

  • Just-in-Time: an inventory management system that discourages long-term stocking and supplies products as needed.
  • The SEMA Show: a premier trade-only event in the automotive retailer space bringing together over 2,400 exhibitors and 70,000 domestic and international buyers.
  • Affiliate Summit: host of the largest performance marketing events around the world.
  • National Hardware Show: a trade show giving “access to everything you need to move your business forward, including new buying opportunities, merchandising ideas & solutions, money-saving deals & face-to-face networking opportunities” in the home improvement industry.
  • Southern United States Trade Association (SUSTA): “a non-profit organization that facilitates trade between small to medium-sized southern U.S. companies and overseas importers…to promote the export of high-value food and agricultural products.”

Learn More About Just-in-Time in this Video:

Be Inspired by Sara Blakely’s Personal Growth Story that Involves Inventory Management:

Watch the Video Version of this Interview (COMING SOON!):

 

Related Episodes:

  • Episode 015: How I Use Business Infrastructure in My Restaurant
  • Episode 065: Jason Smith’s Sales Synergistics Process
  • Episode 067: Trace Blackmore’s Documenting SOPs Process

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067: Trace Blackmore’s Documenting SOPs Process

When Trace Blackmore started getting information out of his head and onto paper, great things happened in his business. His 16-year-old industrial water treatment company has defied the small business failure odds and he attributes some of that longevity to having procedures that remove guesswork and promote high standards. In this episode, Trace shares his process for identifying and documenting key standard operating procedures (SOPs) and more importantly, hacks for getting people to actually follow them.

Special Guest: R. Trace Blackmore, Founder & CEO – Blackmore Enterprises

Location:  Lawrenceville, GA  USA

Show Notes:

How to Make Toast TED Talk by Tom Wujec:

Watch the Video Version of this Interview (Coming Soon!):

 

Related Episodes:

  • Episode 006: How Can I Implement Business Infrastructure in My Company?
  • Episode 039: Using Processes for Structure & Consistent Results with Paul Nicholaides
  • Episode 042: Automating the Sales Process with Tim Bornholdt
  • Episode 048: Automating Human Resource Compliance with Jason Cavness

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