Ep 386: Effective Supply Chain and Inventory Management With Emma Borochoff, 8Fig
You already know your goals for your business. All you need is a strategic partner to help you scale with confidence.
In this episode, Jordan West talks with Emma Borochoff from one of this month’s sponsors, 8fig. They talk about supply chain and inventory management and what makes a good partner in optimizing your cash flow.
Listen and learn in this episode!
KEY TAKEAWAYS FROM THIS EPISODE
It’s easier to update things once you create a plan.
Common Inventory Management Mistakes
Not having a plan
Under-ordering
Not having multiple vendors
Not building flexibility in your supply chain
Recording can help you learn from your mistakes.
The more you know about the things that affect your supply chain and cash flow, the faster you can react.
Focus on brand building outside the major platforms. You can't be owned by the platform you are on.
8fig has the proprietary technology to understand the risk that certain sellers are taking. They take a lot of risks by working with their sellers but they also see the opportunity there for them.
Focus on a brand and a voice and consistently get your message out there.
Today’s Guest:
Emma Borochoff is the Head of Marketing at 8fig.
8fig has the platform to plan and pinpoint where you’re going to lack money the most. They help optimize your cash flow by funding you at those moments.
Connect and learn more about Emma and 8fig here:
Website: https://www.8fig.co
E-mail Address: emma@8fig.co
This month’s sponsor is 8fig, an eCommerce funding and planning platform that gives entrepreneurs the freedom to scale their store to new heights through continuous, equity-free capital and supply chain planning. Find out more about how 8fig is helping sellers grow through adaptable funding at 8fig.co.
Promo Code: upGrowth (mention upGrowth during sign up for 5% off the cost of capital of an 8fig Growth Plan)
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