Webinar Teach-In Summary: Managing Inventory with Genie
During the webinar, Sebastiaan Debrouwere, founder of Genie, introduced the platform and provided a comprehensive walkthrough of its features and capabilities for inventory management.
Watch The Full Webinar Below:
Key Topics Covered
Overview of Genie:
Dashboard Insights: Real-time inventory health monitoring, including low stock alerts, overstock insights, and capital utilization.
Configuration Options: Users can customize grading systems and other settings to align with their unique business needs.
Creating and Managing Purchase Orders (POs):
Steps to create POs using inventory data.
Automatically calculated metrics like stock-out dates and reorder requirements.
Tools to manage multiple shipments for a single PO and ensure timely restocking.
Features for integrating POs with Shopify to update inventory automatically.
Shipment and Stock Management:
Shipment Tracking: Divide shipments into smaller batches and monitor their status.
Stock Gap Insights: Identify periods without stock and make adjustments to shipment timelines.
Advanced Features:
Cost Management: Tools for calculating landed costs, including shipment, customs, and currency conversions.
Document Storage: Attach invoices, sample designs, and customs documentation directly to POs for easy reference.
Demand Planning and Forecasting:
Upcoming feature enabling businesses to create sales forecasts based on historical data and seasonality trends.
Allows manual adjustments for more precise planning.
Forecasting capabilities are tailored to individual business needs, with a rollout planned for the next month.
Customer Support and Collaboration:
Genie provides expert assistance for onboarding, including bulk data imports (e.g., manufacturer SKUs) and customized templates.
Extensive tutorial guides and video resources are available within the platform.
Ongoing feedback integration ensures the tool evolves with user needs.
Future Developments
Enhanced cash flow planning tools and a broader rollout of demand planning features.
Continued refinements based on customer input.
Key Takeaways
Genie simplifies the complexity of inventory management, replacing spreadsheets with an intuitive and automated solution.
The platform prioritizes transparency and flexibility, allowing businesses to adapt it to their unique operations.
Comprehensive support is a cornerstone of Genie’s mission, ensuring users have the tools and assistance needed to succeed.