THIS is Your Sign to Implement an Inventory System!

In this special edition of Chew on This, Ash is joined again by Jared Ward, Founder and CEO of Luminous, to chew on more ​benefits of implementing an inventory system with Luminous. The discussion highlights how Luminous simplifies inventory management, including the ease of implementation and tracking product movement between warehouses. This episode stresses the importance of free implementation and the power of Luminous in streamlining operations. It also touches on the challenges of implementing additional tools on top of ERP systems. 📈 Simplify forecasting and replenishment with the user-friendly luminous platform. 🔧 Customize your inventory flow with hands-on support and unlimited training from luminous. 💸 Eliminate the high cost of implementation and save money with luminous’ transparent monthly fee. ⌛ Ensure accurate inventory counts and streamline operations with real-time data synchronization across multiple channels. 🚀 Scale your business confidently with luminous’ support for complex operations and growth initiatives. 0:00 - Intro ​1:15 - Luminous' New Commercial.​ 4:21 - Luminous tracks how to move products between warehouses. ​5:04 - Emphasizing the simplicity and power of Luminous implementation.​ 10:01 - Implementation with Luminous is free.​ 11:03 - Luminous makes implementation feel like a half-million-dollar solution.​ 13:42 - The importance of implementation being free. 16:07 - Discussing the challenges of implementing additional tools on top of ERP systems. ​22:48 - Missing a data export led to under-purchasing by 7k units, highlighting the need for a system of record. 24:00 - Importance of forecasting accurately to avoid inventory management challenges.​ 26:21 - Impact of missing orders on customer experience and brand reputation.​ 28:01 - Addressing customer concerns and the repercussions of delayed orders. ​29:12 - Negative effects of poor inventory management on customer retention and brand reputation.​ 31:00 - Discussion on building tools to handle complex inventory scenarios. ​32:40 - Different archetypes of businesses and their increasing complexity.​ 36:11 - Complexity of managing bundles and scaling operations.​ 38:06 - Challenges of managing wholesale and retail flows without a proper system.​ 39:23 - Integrating with technology to streamline inventory management processes. 42:54 - Final Chew. 💡 Luminous - Spreadsheets suck. Cheap software doesn't work. Enterprise software is overkill. Enter Luminous: the first system for scaling your ecommerce business from painful growth to lasting success.🔗 https://www.joinluminous.com/ Follow us, subscribe to our newsletter, and to see our exclusive merch check out https://chewonthis.io/ Jared Ward - https://twitter.com/JaredWardc Ron Shah - https://twitter.com/obviceo Ash Melwani - https://twitter.com/ashvinmelwani Chew On This - https://twitter.com/chewonthisdtc