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When Martin Hammond’s small business ‘Everyday Holsters’ began to grow, he was faced with the same challenges that many SMBs like him face during transitional growth periods: the stocking, fulfillment and price point management of his product was becoming almost impossible to oversee without the necessary resources and funds. ‘Everyday Holsters’ offers handcrafted carrying holsters made of high-quality materials for premier functionality and durability – so being able to keep production elements properly stocked and managed was key. “I didn't want to sacrifice quality in any stage of production. It's important to me that my holsters are comfortable fits and made of top-of-the-line leather, without breaking the bank - I want more people to be able to enjoy this kind of quality." Without inventory management and fulfillment support or easy access to the working capital needed to facilitate production and maintain his low prices, Martin Hammond’s business would be facing a difficult 2014.
Fortunately, Martin was able to go confidently into the New Year with the help of Kabbage small business financing and SkuVault warehouse management systems!
SkuVault Warehouse Management System helps Martin track the stocking, kitting and reordering of all materials needed to fulfill ‘Everyday Holster’s’ orders. By tracking both the in-stock warehouse inventory AND his customer orders from Amazon, eBay, and his Shopify store, SkuVault has been able to help Martin keep product accurately stocked and increase profit margins. SkuVault has also reduced the level of human error that can occur when manually managing multiple inventory components that go into inventory production with their advanced reorder reports.
When Martin’s SkuVault reports inform him of a need for additional product or materials, he then can rely on Kabbage to give him access to fast and flexible funding for his business. Unlike a traditional bank loan, Kabbage offers SMBs up to $50,000 in funding in as little as 7 minutes, based on their real-life business data. By safely and securely sharing transactional data from sources like Amazon, eBay, Authorize.Net, QuickBooks, Stripe, Xero, Etsy, and Shopify, Martin qualified for instant and ongoing access to funds without the timing delays, obligations, and hidden fees he’d get from a bank loan.
Using the detailed and accurate inventory management capabilities of SkuVault, and the fast and flexible financing solutions of Kabbage, Martin Hammond and ‘Everyday Holsters’ is looking forward to a very successful 2014.