Secret Life of Inventory

What's the Best Inventory Costing Method for Your Business? (FIFO, LIFO vs. Moving Average)

Tue, 01 Sep 2026 06:00:00 -0400

If you sell physical products, your inventory isn't just stock sitting on a shelf—it's a major asset that directly impacts your profits, taxes, and financial reporting.

In this episode of The Secret Life of Inventory, we break down inventory valuation methods in simple terms. You'll learn the difference between price and cost, how Cost of Goods Sold (COGS) works, and why choosing the right inventory costing method can have a big impact on your business.

We cover the three most common inventory costing methods:
→ FIFO (First-In, First-Out)
→ LIFO (Last-In, First-Out)
→ Moving Average Cost

Plus, we explain the differences between IFRS and GAAP accounting standards, discuss which industries benefit most from each costing method, and share practical advice for choosing the right approach for your business.

Whether you're managing inventory in spreadsheets, evaluating inventory software, or trying to better understand your financial statements, this episode will help you connect inventory operations with accounting fundamentals.

Podcast Produced by: inFlow Inventory
Hosted by: Jared Plumb & Melinda Tse

📖 Read our blog to learn more:
→ Inventory Valuation Methods: https://www.inflowinventory.com/blog/inventory-valuation-methods-costing
→ FIFO vs. LIFO: https://www.inflowinventory.com/blog/fifo-vs-lifo/
→ Moving Average: https://www.inflowinventory.com/blog/moving-average-formula-for-calculating-cost
→ Inventory Accounting: https://www.inflowinventory.com/blog/inventory-accounting

0:00 - Teaser
0:26 - Intro
1:37 - What is inventory valuation?
2:17 - Difference between price and cost
3:55 - Why does the inventory costing method matter?
4:26 - What is cost of goods sold? (COGS)
5:55 - FIFO explained
6:40 - Example of FIFO
8:04 - Best industries for FIFO
8:47 - LIFO explained
10:02 - Why doesn''t everyone use LIFO?
10:37 - IFRS and GAAP explained
11:12 - Best industries for LIFO
12:04 - Moving Average explained
14:26 - Moving Average vs. Weighted Average
15:34 - Downsides of Moving Average
17:04 - How do you know which costing method is best?
18:56 - At what point do spreadsheets start holding you back?
20:01 - Inventory management vs. inventory accounting
21:44 - What to look for in inventory and accounting software
22:55 - Best practices for inventory accounting
24:30 - Outro

✅ Try inFlow Inventory for free and never run out of stock:
https://www.inflowinventory.com/

🎧 Stream our Secret Life of Inventory podcast:
https://youtube.com/playlist?list=PLZPdD9vxalF-TD_uxHmFsPkP5638NrU8-&si=7YIruVL0daUgxCBt

🎙️ Visit our website for show notes:
https://www.secretlifeofinventory.com/

👀 Have an interesting inventory story or business? Apply to be a podcast guest:
https://www.secretlifeofinventory.com/apply-to-be-our-guest/

#secretlifeofinventory #inventory #inventorymanagement #inflow #inflowinventory #inventorymanagement #inventoryaccounting #fifo #lifo #cogs #inventoryvaluation #accountingbasics #smallbusiness #supplychain #inventorysoftware

How to Optimize Your Warehouse Efficiency: People, Space & Software (ft. Adrian Betts)

Tue, 04 Aug 2026 08:00:00 -0400

When warehouse operations start to feel chaotic, most businesses jump to the same solutions: hire more people, move to a bigger space, or buy new software. But according to Adrian Betts, Founder of Xpandur, the solution lies in something deeper—the process.

In this episode, we sit down with Adrian Betts to explore how growing businesses can diagnose what's actually slowing their warehouse down before rushing to add resources. Drawing on his experience at UPS, FedEx, Target, Nike, Walmart, and Amazon, Adrian breaks down why space problems are almost always flow problems in disguise, what he looks for in the first 20 minutes on a warehouse floor, and how poor slotting quietly drains throughput in operations of every size.

Process gaps, broken flow, and misaligned layouts can cost warehouses far more than a new hire or a bigger building ever could. But with the right diagnosis, most operations can unlock significantly more capacity from what they already have—without adding headcount or signing a new lease.

Whether you're managing a small stockroom or overseeing a growing distribution center, this episode is practical, no-fluff, and full of ideas you can bring back to your team the next day.

⬇️ Follow Adrian!
LinkedIn: https://www.linkedin.com/in/adrian-betts/
Book a consultation: https://xpandur.com/

✅ Try inFlow Inventory for free and never run out of stock:
https://www.inflowinventory.com/

00:00 – Teaser
00:13 – Intro
01:33 – Adrian's backstory
02:57 – Lessons learned from large-scale operations
04:00 – What lessons don't transfer
04:39 – The real problem behind a messy warehouse
05:43 – What a process problem looks like
07:02 – Early warning signs of deeper operational issues
08:08 – The 20-minute warehouse walkthrough
09:12 – Blind spots
10:20 – Advice to a busy founder
11:45 – The difference between a process vs. people problem
13:17 – What does poor space utilization look like?
14:30 – Real story of maximizing an existing space
16:17 – What to consider before implementing inventory software
17:51 – Must-have inventory software features
19:46 – Slotting explained
20:51 – How to decide where inventory belongs
21:46 – How to conduct a quick warehouse slotting audit
22:59 – Warehouse layout considerations
24:24 – Preparing for peak season
25:55 – Where warehouses quietly lose time
27:25 – How to get employee buy-in for change
29:41 – The most important habit to build
30:53 – People, space, or software: What to prioritize first?
33:12 – Signals it’s time to expand
34:19 – How to identify your own hidden inefficiencies
35:35 – The top 2-3 warehouse KPIs to track
37:22 – Metrics to obsess over and metrics to ignore
39:22 – Where to start formalizing warehouse operations
40:50 – Outro

🎧 Stream our Secret Life of Inventory podcast:
https://youtube.com/playlist?list=PLZPdD9vxalF-TD_uxHmFsPkP5638NrU8-&si=7YIruVL0daUgxCBt

🎙️ Visit our website for show notes:
https://www.secretlifeofinventory.com/

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowinventory #warehousemanagement #supplychain #xpandur #adrianbetts

Humanoid Robots Are Here. Is Your Warehouse Ready? (ft. David Kilzer)

Tue, 07 Jul 2026 06:00:00 -0400

Humanoid robots are no longer science fiction—they're already entering warehouses. But before businesses rush to automate, are they actually ready?

In this episode, we sit down with David Kilzer to explore the realities of warehouse automation, common mistakes in technology adoption, and what it takes to prepare for the next wave of robotics. He introduces the Human Readiness Quotient (HRQ), a simple 1–10 framework to assess whether an organization is truly ready for automation success.

Whether you're running a small warehouse or scaling a complex operation, this conversation offers a grounded look at how automation, robotics, and warehouse strategy are evolving.

Subscribe for more conversations on inventory, warehousing, operations, and supply chain strategy!

Follow David:
➡️ LinkedIn: https://www.linkedin.com/in/david-kilzer-3964688/
➡️ Book a consultation: https://www.xform.me/

0:00 – Teaser
0:12 – Introduction
1:36 – The automation landscape and common pitfalls
5:56 – David Kilzer's background
11:10 – The automation trap
12:59 – Real-world automation failures
15:33 – Prerequisites for automation success
17:19 – How human roles are evolving
21:18 – When humanoid robots will arrive
27:40 – Humanoid robots vs. fixed automation
30:27 – The risks of rigid systems
32:50 – Where humanoid robots don't make sense
34:23 – Automation strategies for smaller budgets
37:02 – Why leadership underestimates the shift
38:29 – Introducing Human Readiness Quotient (HRQ)
39:30 – The core dimensions of HRQ
44:11 – The HRQ evaluation process
47:53 - HRQ cautioning a business to slow down
49:27 - How the HRQ mitigates automation traps
51:03 – Industries best suited for HRQ
52:08 – How to run a quick HRQ assessment
55:57 – The future of hybrid warehouses
1:00:05 – Virtuous cycle of adoption
1:02:41 – Closing thoughts

✅ Try inFlow Inventory for free and never run out of stock:
https://www.inflowinventory.com/

🎧 Stream our Secret Life of Inventory podcast:
https://youtube.com/playlist?list=PLZPdD9vxalF-TD_uxHmFsPkP5638NrU8-&si=7YIruVL0daUgxCBt

🎙️ Visit our website for show notes:
https://www.secretlifeofinventory.com/

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inflow #inflowinventory #warehousemanagement #automation #humanoidrobots #supplychain #inventorymanagement #warehousing #robotics #logistics #operationsmanagement #secretlifeofinventory

1PL, 3PL, or 4PL? How to Choose the Right Fulfillment Model | (ft. Maggie Barnett, COO of ShipHero)

Tue, 02 Jun 2026 06:00:00 -0400

What does it really take to choose the right fulfillment model for your business? When should brands keep fulfillment in-house, and when does it make sense to move to a 3PL or 4PL partner?

In this episode, we sit down with Maggie Barnett, CEO of LVK Logistics and COO of ShipHero, to unpack the realities behind modern fulfillment operations and what businesses need to know before outsourcing logistics.

Here's what you'll learn:
→ The key differences between 1PL, 3PL, and 4PL models
→ When in-house fulfillment starts to break down
→ The pros and cons of outsourcing fulfillment
→ What makes a strong 3PL partner
→ Why 4PL models can struggle operationally
→ How fulfillment strategy impacts customer experience
→ The future of logistics technology and AI in fulfillment

If you're trying to scale fulfillment, improve operational efficiency, or figure out the right logistics strategy for long-term growth, this episode offers a practical, experience-driven look at what actually works.

⬇️ Follow Maggie!
https://www.linkedin.com/in/maggiembarnett/

🎙️ Visit our website for show notes:
https://www.secretlifeofinventory.com/

👀 Think you'd be a great fit for our show? Apply to be a podcast guest:
https://www.secretlifeofinventory.com/apply-to-be-our-guest/

0:00 - Teaser
0:21 - Intro
1:29 - Maggie’s Background in Supply Chain
3:06 - Juggling Roles: CEO of LVK Logistics & COO of ShipHero
4:41 - Defining the Fulfillment Landscape: 1PL vs. 3PL vs. 4PL
6:40 - How to Choose the Right Fulfillment Model
7:36 - When In-House Fulfillment Starts to Break Down
8:29 - Real Growth vs. Temporary Operational Chaos
9:36 - Red Flags in the 4PL Model
13:03 - Where 4PLs Break Down Operationally
13:43 - The Impact of Peak Season Demand Spikes on 4PLs
14:55 - The Reputation Risk of Outsourced Execution
15:45 - Do 4PLs Have Better Tech?
17:52 - Evolution of the 4PL Model
19:15 - Impact of ShipHero’s Pivot from 4PL to 3PL
22:01 - Pros and Cons of a 3PL Model
23:52 - Top Qualities to Look For in a 3PL Partner
25:30 - Do Companies Use Multiple 3PLs?
26:06 - Cost Comparison: 3PL vs. 4PL
27:09 - Biggest Takeaways from ShipHero’s 3PL Pivot
28:24 - The Exact Breaking Point for ShipHero’s 4PL
29:17 - The First Metric to Improve After the 3PL Pivot
30:26 - The Future of Logistics Tech and Fulfillment
31:56 - Could AI Eventually Fix the 4PL Model?
32:45 - Extending In-House Operations Before Outsourcing
33:52 - Which Brands Should Stay In-House Longer?
34:22 - Fulfillment Strategy for Multi-Channel Brands
35:05 - The Absolute Best Time to Move to a 3PL
36:13 - How to Diagnose a Struggling Fulfillment Partnership
38:01 - Core Principles for Long-Term Fulfillment Success
39:13 - Outro

✅ Try inFlow Inventory for free and never run out of stock:
https://www.inflowinventory.com/

🎧 Stream our Secret Life of Inventory podcast:
https://youtube.com/playlist?list=PLZPdD9vxalF-TD_uxHmFsPkP5638NrU8-&si=7YIruVL0daUgxCBt

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowinventory

How to Track Your Products with Lot and Serial Numbers

Tue, 05 May 2026 06:00:00 -0400

If you’ve ever wondered whether you should use lot numbers or serial numbers to track your inventory, this episode breaks it down in a clear, practical way.

We cover what each system is, what information it stores, which industries rely on it, and when to use one over the other. You’ll also learn best practices and how inventory software can make tracking more scalable and accurate.

Whether you’re improving your current process or building one from scratch, this episode will help you make better decisions about how you track your products!

0:00 - Teaser
0:15 - Intro
1:27 - What is a lot number?
2:14 - What information is stored inside a lot number?
3:13 - What does a lot number look like?
3:42 - Which industries rely the most on lot number tracking?
4:15 - What are the benefits of tracking by lot numbers?
8:05 - What are the best practices for lot number tracking?
10:30 - How do you track products by lot number with inventory software?
11:56 - What are serial numbers? How are they different?
13:05 - What other information is stored inside a serial number?
13:25 - What are the benefits of serial number tracking?
16:13 - What are the best practices for serial number tracking?
18:08 - When to use lot numbers versus serial numbers?
19:28 - Outro

Podcast Produced by: inFlow Inventory
Hosted by: Jared Plumb & Melinda Tse

✅ Try inFlow Inventory for free and never run out of stock:
https://www.inflowinventory.com/

🎙️ Visit our website for show notes:
https://www.secretlifeofinventory.com/

🎧 Stream our Secret Life of Inventory podcast:
https://youtube.com/playlist?list=PLZPdD9vxalF-TD_uxHmFsPkP5638NrU8-&si=7YIruVL0daUgxCBt

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowinventory #batchtracking #lottracking #lotnumbers #serialnumbers

Manufacturing Beyond Machines: Culture, Ownership & Succession (ft. Jim Vinoski)

Tue, 07 Apr 2026 06:00:00 -0400

What does it really take to build, scale, and sustain a modern manufacturing business? How do leaders balance operational efficiency, workforce challenges, and long-term succession planning in an industry that’s constantly evolving?

In this episode, we sit down with Jim Vinoski to unpack 16 years at General Mills and explore what it takes to navigate today’s manufacturing landscape. From overcoming food production challenges to understanding the root causes of inefficiency, we break down practical strategies that manufacturers can apply right away. We also dive into the human side of operations—building strong talent pipelines, embracing second-chance hiring, and addressing age bias to create more resilient, high-performing teams.

We’ll also explore leadership, capital, and the future of manufacturing—covering everything from raising funds and navigating family business succession, to evaluating private equity vs. ESOPs to prepare your business for a successful exit.

If you're thinking about scaling your operations, strengthening your workforce, or planning for the future, this episode offers a grounded, experience-driven perspective on what actually works.

🎙️ Visit our website for show notes:
https://www.secretlifeofinventory.com/

⬇️ Follow Jim!
YouTube: https://www.youtube.com/@manufacturingtalks5250
LinkedIn: https://www.linkedin.com/in/jimvinoski/
Substack: https://manufacturingtalks.substack.com/
https://www.manufacturingtalks.com/

📖 Resources:

→ Read Jim's Books: https://a.co/d/0dlBXr3N and https://a.co/d/07wjr5TX
→ The E-Myth Revisited: https://www.goodreads.com/book/show/81948.The_E_myth_Revisited

✅ Try inFlow Inventory for free and never run out of stock:
https://www.inflowinventory.com/

Podcast Produced by: inFlow Inventory
Hosted by: Jared Plumb & Melinda Tse

0:00 - Teaser
0:24 - Intro and welcome to Secret Life of Inventory
1:49 - Lessons from 16 years at General Mills
2:42 - Overcoming food manufacturing challenges
3:37 - Most valuable lessons
6:09 - Modern tech trends & industrial evolution
7:30 - Jim’s earliest memory that defined his perspective on manufacturing
8:52 - How Jim's experiences influenced his consulting approach
9:53 - The root cause of operational inefficiency
11:58 - The current state of onshoring & regulations
12:50 - Essential solutions for modern manufacturers
13:52 - Building a talent pipeline for small shops
17:08 - The power & success of second chance hiring
21:14 - Tackling age bias and intergenerational dynamics
25:11 - Creating a perfect work culture
30:04 - Practical leadership advice
31:07 - Hiring advantages: small business vs. big corporate
33:37 - How to raise capital for manufacturing
38:08 - Obstacles in family business succession
40:05 - Mentoring the next generation of workers
40:50 - Government programs and training grants
41:55 - Private equity vs. ESOPs
44:57 - Alternatives to exiting the space
45:42 - Key strategies for scaling and future exits
48:05 - Making your financials attractive to buyers
49:35 - Outro

🎧 Stream our Secret Life of Inventory podcast:
https://youtube.com/playlist?list=PLZPdD9vxalF-TD_uxHmFsPkP5638NrU8-&si=7YIruVL0daUgxCBt

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowinventory #secretlifeofinventory #manufacturing #jimvinoski

How to Build a Better Supply Chain (ft. Sarah Barnes-Humphrey)

Tue, 03 Mar 2026 08:00:00 -0500

How do inclusion, sustainability, and innovation shape the future of supply chains? And what does it take to build a community that truly elevates underrepresented voices in the industry?

In this episode, we’re joined by Sarah Barnes-Humphrey—creator and host of Let’s Talk Supply Chain and Women in Supply Chain, founder of the non-profit Blended Pledge, and a #1 Amazon Best-Selling Author. We explore her journey as a trailblazer in the supply chain space, her work advocating for equity and representation, and why community-driven leadership is essential for meaningful, long-term change.

It’s a conversation about building more inclusive, sustainable supply chains, and the leaders pushing the industry forward.

🎙️ Visit our website for show notes:
https://www.secretlifeofinventory.com/

Follow Sarah!
Let's Talk Supply Chain: https://letstalksupplychain.com/
Blended: https://blendedpodcast.libsyn.com/
YouTube: https://www.youtube.com/@LetsTalkSupplyChain/videos
LinkedIn: https://www.linkedin.com/in/sarahbarneshumphrey/
IG: https://www.instagram.com/sarahbarneshumphrey/
FB: https://www.facebook.com/letstalksupplychain
Buy her best-selling book: https://www.amazon.ca/Buried-Her-French-Press-Finding/dp/1544549466
Join her supply chain community: https://letstalksupplychain.com/what-is-the-secret-society-of-supply-chain-with-sarah-barnes-humphrey/

✅ Try inFlow Inventory for free and never run out of stock:
https://www.inflowinventory.com/

0:00 - Teaser
0:21 - Intro
1:34 - How did you get involved in the supply chain industry?
2:49 - What are common misconceptions?
3:59 - How was the transition from sales to marketing?
4:59 - What inspired you to start your podcast?
7:56 - Why is inclusion important?
10:45 - What are the challenges for minorities in supply chain?
12:14 - How can you build more inclusive teams?
13:35 - Have you experienced any pushback or skepticism?
14:54 - Why is it important to send your team to industry events?
16:52 - Have you noticed a shift since advocating for women?
17:56 - Where does 80% of greenhouse gas emissions come from?
20:26 - How do you implement sustainability into your supply chain?
22:08 - What's a real-world example of sustainability done well?
23:36 - How are companies approaching digital transformation?
26:11 - What tech is emerging?
28:36 - How can businesses balance the human side and AI?
31:02 - What emerging tech do you think will have a huge impact in the future?
33:18 - What's your favourite thing about working in the supply chain?
35:07 - How do you be a good leader?
36:32 - How do you break into the supply chain industry?
39:37 - Outro

🎧 Stream our Secret Life of Inventory podcast:
https://youtube.com/playlist?list=PLZPdD9vxalF-TD_uxHmFsPkP5638NrU8-&si=7YIruVL0daUgxCBt

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#secretlifeofinventory #inventory #inventorymanagement #inflow #inflowinventory #sarahbarneshumphrey #supplychain #letstalksupplychain #womeninsupplychain #inclusion

Your Ultimate Guide to Asset Tracking

Tue, 03 Feb 2026 09:00:00 -0500

Asset tracking barcodes help businesses stay organized, reduce losses, and make better decisions about the equipment and tools they rely on every day. In this episode, we break down what asset tracking really means, which businesses benefit most, and how to get started with a barcode system.

Whether you’re managing IT equipment, tools, vehicles, or high-value assets, this walkthrough covers the fundamentals (plus practical considerations on hardware, reporting, and best practices), so you can build an asset-tracking process that actually works!

✅ Try inFlow Stockroom for an easy scan-in and out workflow!
https://www.inflowinventory.com/inflow-stockroom

▶️ Barcode resources:
https://youtu.be/4hs5tq12s7M
https://youtu.be/zSfymC0OPt0
https://youtu.be/XcluJ7s1BHA

Podcast Produced by: inFlow Inventory
Hosted by: Jared Plumb & Melinda Tse

🎙️ Visit our website for show notes:
https://www.secretlifeofinventory.com/

Timestamps:
0:00 - Teaser
00:13 - Intro
2:14 - What counts as a business asset?
5:18 - What is asset tracking?
7:11 - Why should businesses track their assets?
9:20 - What types of businesses benefit from asset tracking?
11:26 - How do you implement asset tracking barcodes?
15:31 - What hardware do you recommend?
17:30 - Why is generating reports important?
21:29 - What are the downsides of asset tracking?
23:59 - What are the best practices for asset tracking?
27:59 - Outro

🎧 Stream our Secret Life of Inventory podcast:
https://youtube.com/playlist?list=PLZPdD9vxalF-TD_uxHmFsPkP5638NrU8-&si=7YIruVL0daUgxCBt

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowinventory #assettracking #barcodes

Future-Proof Your Manufacturing Strategy (ft. The Manufacturing Millennial)

Tue, 16 Dec 2025 12:00:00 -0500

What’s happening behind the scenes in modern manufacturing? How are robotics, cobots, and AI transforming operations—and how can companies attract and reskill the next generation of talent?

In this episode, we sit down with Jake Hall, the Manufacturing Millennial, to uncover practical strategies for reskilling employees, balancing new technology with real-world challenges, and attracting the next generation of talent. Plus, get insights on emerging trends, sustainability initiatives, and how to use social media to showcase your manufacturing brand.

Packed with actionable takeaways, this episode is a must-listen for anyone looking to modernize and future-proof their operations!

🎙️ Visit our website for show notes:
https://www.secretlifeofinventory.com/

🔨 Follow Jake & The Manufacturing Millennial!
https://www.linkedin.com/in/jacobrhall/
https://www.linkedin.com/company/the-manufacturing-millennial/

0:00 - Teaser
0:24 - Intro
1:39 - How did you get into the world of manufacturing and automation?
2:53 - What kinds of automation systems did you help implement?
6:37 - How does your approach shift when dealing with large vs. smaller businesses?
9:03 - How do you encourage employees to reskill?
12:25 - What types of technology did you work with?
14:14 - Was there one system or tool that really surprised you?
18:15 - Are robots taking jobs humans don't want to do?
21:41 - What's the difference between robots and cobots?
25:22 - What's an example of a cobot?
29:21 - How do you get started with robots and cobots?
31:00 - What technology has stood the test of time?
35:49 - How have customers' needs changed?
39:07 - What content from the Manufacturing Millennial resonates the most with people?
41:57 - What opportunities have you received as the Manufacturing Millennial?
43:49 - What advice do you have for manufacturers looking to leverage social media?
46:11 - What types of content do you think perform best?
48:14 - How did you get involved with helping students?
54:33 - Can you share more about your Robot Dogs?
56:21 - What's the coolest automation you've done or seen?
57:39 - What do you enjoy about conferences?
59:32 - What emerging trends are standing out the most right now?
1:01:47 - What sustainability initiatives are you seeing?
1:04:21 - What does the future of manufacturing look like?
1:06:52 - How would you attract Millennials and Gen Z into manufacturing?
1:09:05 - Which social media platforms work best?
1:10:46 - What mistakes do companies make with their social presence?
1:11:09 - What company is doing it right?
1:12:17 - To start, where should companies modernize?
1:13:04 - What's one thing you want every manufacturer to remember?
1:13:38 - Outro

✅ Try inFlow Inventory for free and never run out of stock:
https://www.inflowinventory.com/

🎧 Watch Secret Life of Inventory on YouTube!
https://youtube.com/playlist?list=PLZPdD9vxalF-TD_uxHmFsPkP5638NrU8-&si=7YIruVL0daUgxCBt

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowinventory

Inside the Warehouse: Mastering Inventory Control & Operations (ft. Kevin Lawton)

Wed, 19 Nov 2025 12:00:00 -0500

What’s really happening behind the scenes of modern warehouses? How are companies using AI, sustainability strategies, and smart inventory practices to stay ahead? In this episode, we sit down with Kevin Lawton, host of The New Warehouse, to uncover the trends, strategies, and stories shaping today’s warehouse operations.

Topics Covered:
• Kevin’s inspiration and lessons from hosting The New Warehouse
• Emerging trends in warehousing and AI solutions
• Inventory control best practices and warehouse layout tips
• Sustainability and standardization strategies
• Risk management and creative approaches to returns
• Metrics that matter and what’s next in the industry

Whether you’re running a warehouse, managing inventory, or curious about logistics, this episode is packed with actionable insights!

⬇️ Follow Kevin!
https://www.linkedin.com/in/kevinclawton/
https://www.thenewwarehouse.com/

0:00 - Teaser
0:15 - Intro
1:57 - Kevin's backstory
3:44 - What inspired you to start The New Warehouse?
9:24 - Are there any exciting trends in warehousing?
17:56 - What AI solutions are making a real impact?
19:41 - How are midsize vs. large operations adapting differently?
23:09 - What big changes have you seen in the past decade?
23:09 - Can you share sustainability tips in warehousing?
27:37 - What are best practices for inventory control?
34:37 - What are common warehouse layout mistakes?
38:19 - What does standardization look like in a warehouse?
44:50 - How does quality assurance look like in a warehouse?
48:15 - What's often overlooked in risk management?
54:21 - What are creative strategies for managing returns?
1:02:34 - What metrics matter when managing returns?
1:03:43 - Rapid fire questions
1:04:44 - Which podcast episodes would you recommend?
1:05:52 - What exciting things are coming up next?
1:07:01 - Outro

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowinventory #secretlifeofinventory #warehousing #thenewawarehouse #thenewwarehousepodcast #supplychain #logistics #AIinWarehousing #sustainability

Inventory Isn’t Just Math—It’s Strategy (ft. Effective Inventory Management, Inc.)

Mon, 27 Oct 2025 11:00:00 -0400

Inventory can make or break a business, but managing it isn’t just about crunching numbers—it’s about strategy. In this episode, we're joined by the inventory legend, Jon Schreibfeder, President of Effective Inventory Management (EIM) and author of Achieving Effective Inventory Management (now in its 7th edition).

With over 45 years of experience guiding thousands of companies worldwide, Jon shares practical insights that help businesses rethink their approach to stock.

We cover:
• How to decide which products deserve a spot in your inventory
• Identifying and eliminating obsolete or unwanted stock
• Common causes of stockouts, and how to balance sporadic vs. steady demand
• Forecasting mistakes and how to improve accuracy
• Adjusting for lead times and safety stock in uncertain conditions
• The EOQ formula: what it is and when it works
• Best practices for replenishment and how software/automation fits in
• Warehouse layout, habits, and cycle counting made easier
• Which KPIs actually matter when measuring success
• ROI timelines and where Jon sees the future of inventory management

If you’ve ever asked yourself, “Am I carrying too much stock—or not enough?” this episode is packed with frameworks, strategies, and stories to help you find the right balance.

📖 Resources:
• Follow Jon! https://www.linkedin.com/in/jon-schreibfeder-7433524/
• Calculate your carrying cost: https://effectiveinventory.com/inventory-management-tools/carrying-cost/
• Sell excess inventory (in the U.S.): https://www.warehousetwo.com/

0:00 - Intro
1:40 - How did you get into the world of inventory?
2:56 - What inspired you to start Effective Inventory Management Inc?
4:47 - What are common misconceptions in inventory?
5:57 - What do your services include at EIM?
7:00 - What’s one of your most memorable client stories?
11:05 - What are the most common inventory challenges?
12:16 - How do businesses decide what items truly deserve a place in their inventory?
18:27 - How do you identify obsolete inventory?
20:57 - What’s the best way to get rid of unwanted stock?
23:01 - Which sites do you recommend selling on?
23:33 - What’s the most common reason to run out of stock?
23:50 - How do you handle sporadic vs. steady demand?
30:45 - Where do most businesses go wrong with demand forecasting?
32:51 - The meaning of usage, sales, and disbursements
35:28 - How should businesses adjust for lead times and safety stock?
42:30 - Are there common traps companies fall into while chasing incentives?
40:04 - What is the EOQ formula and how is it used?
50:55 - What should you consider in the replenishment process?
51:10 - What role do software and automation play?
57:26 - What do you look for in a warehouse?
1:00:06 - What operational habit or process should warehouse teams adopt?
1:03:03 - How do you make cycle counting easier?
1:08:06 - How do you measure success with KPIs?
1:17:09 - How long does it usually take for clients to see ROI?
1:19:18 - Where do you see the future of inventory management?

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #demandforecasting #effectiveinventorymanagementinc #inflow #inflowinventory

How to Navigate U.S.-Canada Tariffs (ft. BDC's Director of Economic Research)

Mon, 06 Oct 2025 09:00:00 -0400

Trade policies and tariffs can be overwhelming, but they have a real impact on your bottom line. BDC’s Director of Economic Research, Arnaud Franco, breaks down exactly what SMBs (small to medium-sized businesses) need to know to navigate U.S.-Canada trade with confidence.

Arnaud walks us through why tariffs exist, how they impact different industries, and what compliance really looks like. Plus, he shares practical strategies for managing inventory, optimizing supply chains, and running daily operations more smoothly.

Whether you’re running your first small business or looking to refine your operations, this episode of the Secret Life of Inventory is packed with actionable insights to help you make smarter, more informed decisions in today’s economic landscape.

🇨🇦 Resources:
• How to Tackle Tariffs: https://www.bdc.ca/tariffs
• Consulting: https://www.bdc.ca/en/consulting
• Export Development Canada: https://www.edc.ca/

0:00 - Teaser
0:15 - Intro
1:35 - How did you get into economics?
3:21 - What is the definition of economics?
4:11 - What does economic research look like?
5:37 - Why would governments implement tariffs?
7:59 - What’s the current situation between the U.S. and Canada?
12:49 - What tariff trends should business owners pay attention to?
14:10 - Is the paperwork compliance process difficult?
14:56 - What are the common misconceptions about tariffs or trade policies?
15:53 - How should businesses navigate tariffs?
18:51 - Which industries are impacted the most?
20:34 - What inventory techniques do you recommend?
22:00 - What professionals should you consult?
23:11 - How is the Canadian economy right now?
26:11 - What is the U.S. strategy?
28:10 - BDC’s Buy 5 High 5 Campaign
30:04 - What is micro vs. macroeconomics?
32:18 - What macroeconomics should business owners be aware of?
37:03 - What microeconomics should business owners look for in their daily operations?
40:32 - What challenges are SMBs facing?
43:46 - Arnaud’s past professional life
45:11 - How should SMBs think about their supply chain differently?
47:35 - What one advice would you give to entrepreneurs?
50:23 - What are some helpful concepts or frameworks business owners should lean into?
52:06 - Outro
52:19 - What’s next for Arnaud and BDC?
53:36 - Connect with us and share!

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowinventory #tariffs

How Ideas Become Great Products: Inside Development, Manufacturing & Launch

Mon, 21 Jul 2025 12:00:00 -0400

In this episode, we dive into the complete product journey—from the initial spark of an idea to the moment your product finally hits the market. Joining us is Matt, our Head of Business Development at inFlow, who brings over 10 years of hands-on experience turning innovative hardware concepts into real, successful products.

Matt shares firsthand stories and practical insights from his decade of leading inFlow’s transition from a software-focused company to one that also builds its own hardware—including products like our signature Smart Scanner and the brand new inFlow portable printer.

We’ll explore:
✅ The critical stages of product development and how to navigate them
✅ How to navigate working with overseas manufacturers and U.S. tariffs
✅ Strategies and lessons learned for a successful market launch
✅ Behind-the-scenes challenges and triumphs from real product launches

Whether you’re part of a startup dreaming up your first physical product or an established brand expanding into hardware, this episode is packed with real-world advice to help you bring your ideas to life.

Tune in and discover what it really takes to turn a prototype into a product customers love!

0:00 Teaser
0:13 Intro
1:17 How did you get into the world of hardware?
5:14 Was there a trigger point to sell hardware?
6:00 How do you come up with ideas for new products?
9:29 Do you do market research?
10:02 What was developing inFlow hardware like?
13:10 What obstacles did you face developing hardware?
13:44 How did you decide between local vs. overseas manufacturers?
14:25 How did you handle different timezones and cultures?
17:28 What’s the typical timeline for production?
20:15 How do you make an impact with packaging?
23:26 What’s the journey been like creating the inFlow printer?
26:43 Was there anything that caught you off guard?
27:20 Have you ever had to delay a launch?
28:18 How do you test your products?
31:32 Any tips for smooth distribution?
33:14 How do you measure success?
35:16 How has the U.S. tariffs impacted the landscape?
37:51 What’s one thing you wish you knew before launching your first product?
39:28 Outro

🛒 Shop our inFlow hardware (barcode scanners & label printers):
https://www.inflowshop.com/

🌎 Buy official GS1 barcodes here:
https://www.inflowinventory.com/gtin-barcodes

📖 Read the ultimate barcoding guide:
https://www.inflowinventory.com/blog/the-ultimate-barcoding-guide/

📖 Purchase "Barcode Your Small Business" by Matt on Amazon:
https://a.co/d/hUYWXqS

🎧 Listen to our Secret Life of Inventory podcast on Spotify:
https://open.spotify.com/show/2ynkKYhfivEWn6IRkA113D?si=2f45b350e474404b

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowinventory

Barcode Hardware Setup: Choosing the Right Scanners & Label Printers for Your Business

Tue, 20 May 2025 08:00:00 -0400

Barcodes are everywhere, but what do you really need to start using them effectively in your business? In this episode, we break down the essential hardware for barcoding, from scanners to label printers and everything in between. Learn the differences between stationary, handheld, and wearable barcode printers, plus key factors to consider when choosing the right one for your workflow.

We also discuss how barcode software ties it all together—because having a scanner and printer isn’t enough without the right system to track your inventory. If you’re looking to optimize your operations with barcodes, this episode is a must-listen!

🛒 Shop our NEW inFlow Portable Printer! NOW AVAILABLE!
https://www.inflowshop.com/collections/label-printers

0:00 Intro
1:49 How do barcode scanners work?
2:26 What kinds of barcode scanners are there?
3:12 What are the subcategories?
3:30 Pen scanners
4:36 Laser scanners
5:29 Bluetooth scanners
6:05 Smart scanners
7:37 CCD scanners
8:00 Image scanners
8:55 Smartphone camera
9:35 How do you choose which scanner is best?
11:26 What about label printers?
12:11 What kind of label printers are there?
12:51 Stationary printers
13:15 Handheld printers
13:40 Wearable printers
15:19 What to consider when looking for a barcode printer?
16:38 inFlow Portable Printer: now available on inFlowShop.com!
17:34 What makes the inFlow portable printer different?
19:25 What are the best practices for label printing?
21:43 What to consider when printing labels?
23:25 Barcode software
24:40 inFlow barcode generator
26:55 Outro

📝 Helpful Articles:

What Is the Best Barcode Scanner for Small Businesses?
https://www.inflowinventory.com/blog/best-barcode-scanner/

Finding the Perfect Barcode Label Printer for Your Business
https://www.inflowinventory.com/blog/barcode-label-printer/

Read our ultimate barcoding guide:
https://www.inflowinventory.com/blog/the-ultimate-barcoding-guide/

Do you need a GS1 registered barcode? Check out the inFlow GTIN barcode shop:
https://inflowinventory.com/gtin-barcodes

✅ Try inFlow's 14-day free trial to manage your inventory and make sure you never run out of stock:
https://www.inflowinventory.com/

🎧 Stream our podcast on Spotify:
https://open.spotify.com/show/2ynkKYhfivEWn6IRkA113D?si=2f45b350e474404b

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorysoftware #inventorymanagement #inventorymanagementsoftware #secretlifeofinventory #secretlifeofinventorypodcast #podcast #podcasting #barcode #barcoding

Mastering Inventory Management for Manufacturers

Fri, 28 Mar 2025 08:00:00 -0400

If you’re new to manufacturing, inventory management can feel overwhelming—but we’re here to break it down! We’ll start with the basics of a Bill of Materials (BOM)—a detailed list of all the parts, components, and raw materials needed to make a product. We’ll also cover the role of barcoding systems in tracking inventory and how they can reduce errors and save time. Finally, we’ll explore how MRP (Material Requirements Planning) software ties it all together, helping you stay organized, track progress, and make smarter decisions.

Whether you’re running a small workshop or scaling up production, this episode will help you get started on the right foot. Join us as we simplify the essentials of inventory management for manufacturing!

🎙️ Apply to be a podcast guest in Toronto! (flights and accommodations covered)
https://forms.gle/tRNxcnr4AvsgdhGbA

🔗 Free Downloads:

→ Bill of Materials Template: What It Is and How to Get Started!
https://www.inflowinventory.com/blog/bill-of-materials-template-how-to-get-started/

→ Print Barcodes for Free: Download Our Code 39 Barcode Font
https://www.inflowinventory.com/blog/free-barcode-font-code-39-3-of-9

📝 Helpful Articles:

→ Bill of Materials (BOM): A Quick Guide for Manufacturers
https://www.inflowinventory.com/blog/what-is-a-bill-of-materials-bom/

→ Barcode System for Manufacturing: What You Need to Succeed
https://www.inflowinventory.com/blog/barcodes-for-manufacturing/

→ How MRP Software Saves Manufacturers Time and Money
https://www.inflowinventory.com/blog/material-requirements-planning-mrp-software/

→ How to create a bill of materials (Windows) in inFlow
https://www.inflowinventory.com/support/cloud/how-to-create-a-bill-of-materials-for-products/

0:00 - Teaser
0:15 - Intro
1:19 - What is a BOM and why is it important?
2:06 - What kind of BOMS are there?
3:45 - How do you know which BOM to use?
4:48 - What are the advantages of using a BOM?
8:31 - How do you create BOMs?
9:15 - Barcoding for manufacturers
11:04 - What are the benefits of barcoding in manufacturing?
14:40 - How should manufacturers barcode their workflow?
16:22 - How to create your own barcode system
18:34 - How do manufacturers plan and manage all their materials?
19:04 - Manufacturing inventory software vs. MRP (material requirements planning)
21:40 - How MRPs help manufacturers with production planning
24:05 - Outro

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowcloud #inflowinventory

From Home Business to a Growing Warehouse (ft. XXL Scrunchie & CO)

Mon, 03 Mar 2025 07:00:00 -0500

Join us as we chat with Tina Nguyen, the founder of XXL Scrunchie & Co. What began as a handmade Christmas gift quickly grew into a thriving business—one that even caught the attention of Dragon’s Den investors!

In this episode, Tina shares her journey from a mural artist to running XXL Scrunchie in a warehouse, the challenges she’s faced, and the lessons she’s learned along the way. We also dive into how she’s built a strong community around her brand and her thoughts on US tariffs and their impact on small businesses.

Tune in for an insightful conversation on growth, resilience, and entrepreneurship. Subscribe for more stories from business owners and industry leaders!

#xxlscrunchie #xxlscrunchieandco #smallbusiness #entrepreneurship #dragonsden #ustariffs

Follow and support Tina!
• xxlandco.com
• instagram.com/xxl.scrunchie
• tiktok.com/@xxl.scrunchie
• facebook.com/xxl.scrunchie
• ca.pinterest.com/xxlscrunchie/

0:00 - Teaser
0:17 - Intro
1:32 - What was life like before XXL Scrunchie & CO?
5:39 - How did you get into making scrunchies in the first place?
6:13 - At what point did you realize making scrunchies could become a business?
7:05 - What were those early days like—handmaking each piece, setting up the shop, and getting your first customers?
8:16 - What were some of the key milestones that motivated you to keep on going?
8:59 - How was it like working with family?
11:01 - What was it like to move into your first warehouse?
13:38 - How many people are on your team now?
13:45 - What was that transition like for you to expand your team?
15:06 - What are other challenges that you faced while managing a team?
15:41 - How do you manage your inventory and shipping?
17:27 - How do you manage your demand forecasting with trends?
18:11 - How did you know which products to expand?
19:18 - What was the process like to expand your product line?
19:43 - How did your inventory management shift?
20:22 - Do you fulfill your orders the same way?
21:13 - Was it for you to implement barcodes?
21:30 - Did you create your own barcodes?
22:05 - What software or tools do you recommend?
23:25 - How did you start sourcing your suppliers?
24:26 - What qualities do you look for in your fabrics?
25:01 - When did you decide to sell wholesale?
26:12 - Tina's negative wholesale experience
27:25 - How do you fulfill your wholesale orders?
28:04 - How do you approach content creation?
29:03 - How do you balance content and business?
29:52 - Do you find certain types of content work better than others?
30:20 - Can you share tips on how to build a strong community?
31:26 - Do you feel nervous sharing?
33:00 - Dragon's Den Experience
39:45 - Celebrating 5 years of XXL! What were the biggest lessons you learned?
41:15 - Where do you see the future of XXL?
42:07 - Any advice you would give to your younger self?
43:06 - US Tariffs: What were your initial thoughts on how it'll impact your business?
44:23 - How do you think you'll approach the shift?
46:04 - Would you raise your prices?

🎧 Listen to our Secret Life of Inventory podcast on Spotify:
https://open.spotify.com/show/2ynkKYhfivEWn6IRkA113D?si=2f45b350e474404b

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #i

Holiday Inventory Prep to Help Avoid Stockouts and Overstocking

Fri, 22 Nov 2024 15:00:00 -0500

The holiday season is just around the corner, and for small business owners, it’s the most important time of the year! In this episode, we’ll guide you through essential strategies to prepare your inventory for the holiday rush and ensure your business is ready to thrive. Learn how to forecast demand, organize your stock, work with suppliers, and avoid common inventory pitfalls.

Whether you’re an e-commerce shop or brick-and-mortar store, these tips will help you stay ahead of the curve and make this holiday season your best yet! 💡🎄

🔔 Don’t forget to subscribe for more small business tips and leave a comment with your thoughts or questions below!

0:00 - Teaser
0:12 - Intro
1:47 - How do you find the perfect inventory balance?
2:19 - How do you analyze data and and forecast demand?
6:50 - Why you should invest in inventory management software
7:34 - What are the main benefits of having inventory software?
9:56 - How inFlow can help manage your inventory
10:41 - What should businesses do to prepare for the upcoming year?
11:29 - What are your tips for working with suppliers?
14:21 - How do you prepare for the unexpected?
17:27 - How do you navigate returns and restocking?
22:24 - Key takeaways to prepare for the holiday season
23:40 - Outro

✅ Try inFlow's 14-day free trial to manage your inventory and make sure you never run out of stock:
https://www.inflowinventory.com/

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://x.com/inFlowInventory

How to Start and Scale Your Own HVAC Business

Fri, 11 Oct 2024 11:00:00 -0400

Are you thinking about starting your own HVAC business or taking your current one to the next level? In this episode, we dive deep into the strategies and steps you need to know to build a thriving HVAC company. From understanding the essentials of starting an HVAC business to how to effectively manage inventory and scale, this podcast covers it all.

Stay tuned for more episodes on entrepreneurship, business growth, and industry insights!

0:00 - Teaser
0:16 - Intro
1:08 - What is HVAC Inventory Management?
1:50 - What are examples of poor inventory management? How does that impact business operations and customer satisfaction?
5:38 - What are the best practices for effectively managing HVAC inventory?
12:52 - HVAC industry growth
14:21 - How do you start your own HVAC business?
19:50 - What are your top recommended solutions for starting an HVAC business?
23:00 - Outro

✅ Try inFlow's 14-day free trial to manage your inventory and make sure you never run out of stock:
https://www.inflowinventory.com/

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowcloud #inflowinventory #hvac #hvacinventorymanagement

From Startup to Success: The Power of Community (ft. SnaptureThis)

Fri, 30 Aug 2024 08:00:00 -0400

Join us as we sit down with Monica - the inspiring owner of SnaptureThis, a thriving gift shop known for its unique paper goods and community collaborations. She shares her journey of starting a small business from scratch, while navigating the challenges of selling her products online and managing multiple retail stores. We also dive into the backstory of her podcast, Sip It, where she explores the world of small businesses and the cafe scene in Toronto. Plus, she opens up about the balancing act of taking on a new full-time job while continuing to grow her business.

Don't miss this insightful conversation—tune in to gain valuable tips and inspiration for your own entrepreneurial journey!

Follow SnaptureThis:
https://snapturethis.ca/
https://www.faire.com/en-ca/direct/snapturethis
https://www.instagram.com/snapturethis/

0:00 - Teaser
0:11 - Intro
1:14 - Monica's BackStory of SnaptureThis
1:50 - What were the biggest challenges of starting a small business?
3:18 - How do you find the balance with selling retail and online?
4:06 - How do you manage your inventory?
6:18 - How can inFlow Inventory help?
7:20 - Do you use barcodes for inventory tracking?
8:30 - Do you have a warehouse for storing inventory?
9:20 - How do you fulfill all your orders?
10:08 - How do you find your suppliers and manufacturers?
12:29 - Do you use the same manufacturers for everything?
13:03 - Do you design your own products?
13:23 - Working with local illustrators and cafes #supportlocal
15:59 - Asking Balzac's to be in SnaptureThis' cafe print
18:30 - What sparked the inspiration behind launching your podcast?
20:00 - Who were your most memorable interviews?
21:55 - What were the main lessons you learned from your conversations?
22:42 - How were you featured on BlogTO?
24:44 - Are there any other popup collabs you do aside from SnaptureThis x Gouter?
27:02 - Did you always plan for your character/personality to be your own brand?
28:49 - Do you ever struggle with privacy with how much to share online?
29:23 - Cafe Monica: transforming Monica's apartment to a cafe
31:28 - Being recognized
33:10 - Do new cafes reach out to you?
34:01 - How do you want to keep your life separate?
35:14 - What is your dream?
36:37 - How do you feel about starting a 9-5 job soon?
37:32 - What are some things you needed to put in place with the transition?
38:08 - Letting go of control
38:38 - Outro

🎧 Listen to our Secret Life of Inventory podcast on Spotify:
https://open.spotify.com/show/2ynkKYhfivEWn6IRkA113D?si=2f45b350e474404b

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowcloud #inflowinventory

Career Advice in Supply Chain & Demand Forecasting Best Practices (ft. MVC Logistics)

Fri, 19 Jul 2024 07:00:00 -0400

Discover valuable career advice for aspiring supply chain professionals and explore best practices for demand forecasting! From industry expert and founder of MVC Logistics Academy, Professor Maria Rodriguez, who was also named one of the top Women in Supply Chain by Supply & Demand Chain Executive Magazine! She explains the importance of demand forecasting in inventory management and recommends tools and techniques to predict future demand accurately.

Don't miss this opportunity to elevate your supply chain career and master demand forecasting!

Follow MVC Logistics Academy:
https://www.youtube.com/@MVCLogisticsAcademy/videos
https://www.instagram.com/mvclogisticsacademy
https://www.facebook.com/mvclogisticsacademy
https://www.mvclogisticsacademy.com/

0:00 - Teaser
0:11 - Intro
7:01 - 10 things to consider before working in supply chain management / logistics
17:09 - What is demand forecasting?
25:40 - Demand forecasting best practices
37:52 - Is AI being implemented into automation?
39:20 - Key takeaways to improve your supply chain career
43:26 - Outro

🎧 Listen to our Secret Life of Inventory podcast on Spotify:
https://open.spotify.com/show/2ynkKYhfivEWn6IRkA113D?si=2f45b350e474404b

Stay connected:
https://www.facebook.com/inFlowInventory/
https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventory
https://www.instagram.com/inflow.inventory/
https://www.tiktok.com/@inflowinventory
https://twitter.com/inflowinventory

#inventory #inventorymanagement #inflow #inflowcloud #inflowinventory

What is Consignment and How Does it Work?

Tue, 21 May 2024 15:00:00 -0400

Let's break down the fascinating world of consignment, including: the basics of consignment, how agreements work between sellers and consignors, and the benefits and drawbacks of using consignment for buying and selling.

Whether you're an entrepreneur looking to sell your products, a buyer seeking unique finds, or just curious about the process, this episode has something for everyone. Get ready to learn, laugh, and maybe even get inspired to try consignment yourself!

Don't forget to like, comment, and subscribe for more insightful episodes. Hit the notification bell to stay updated on our latest content!

0:00 - Teaser
0:10 - Intro
0:41 - What is consignment?
1:24 - What do people usually sell on consignment?
2:34 - What percentage do consignment shops take?
3:12 - What is a real-world example of consignment?
5:09 - What are the advantages of consignment for consignors (the suppliers)?
7:02 - What are the advantages of consignment for consignees (the retailers)?
8:14 - What are the disadvantages of consignment for consignors (the suppliers)?
12:44 - What are the disadvantages of consignment for consignees (the retailers)?
14:04 - What are some tips on mitigating consignment pitfalls?
17:04 - What are some emerging trends in the consignment industry?
20:41 - Key takeaways for consignment
21:55 - Outro

The Importance of Standardization in Supply Chain Logistics (ft. GS1 US)

Fri, 05 Apr 2024 07:00:00 -0400

In this episode, we have a special guest, the Director of GS1 US, Jonathan Gregory! Join us as we explore the intricate world of supply chain logistics, discussing the importance of standardization, the future of barcodes/RFIDs, and advice for new businesses looking to adhere to industry standards.

Whether you're a seasoned logistics professional or simply interested in the inner workings of the supply chain, this episode promises valuable insights that can transform the way you perceive inventory management.

Be sure to subscribe to stay tuned for more!

0:00 Teaser
0:04 Intro
1:30 Who is GS1?
2:14 The importance of standardization in logistics/inventory management
3:40 Can you tell us about the GS1 forum?
6:01 Can you tell us about Sunrise 2027?
9:30 How have RFIDs impacted the logistics industry?
12:31 What emerging technologies can we expect to hear about in the future?
14:14 How has the logistics and inventory management community adopted AI?
17:08 How can businesses start implementing standard practices?
18:35 How does GS1 promote standardization?
20:17 What are the benefits of being GS1 compliant?
22:25 Do you have any advice for businesses looking to adhere to industry-standards?
23:10 Outro

Try inFlow to manage your inventory and make sure you never run out of stock:
https://www.inflowinventory.com/

Do you need a GS1 registered barcode? Check out the inFlow GTIN Barcode Shop: https://inflowinventory.com/gtin-barcodes

Listen to our podcast on other platforms:
https://secretlifeofinventory.buzzsprout.com/

About Secret Life of Inventory:
Welcome to the Secret Life of Inventory – a show where we delve deep into the unseen world of inventory management, revealing the hidden mysteries that help small businesses (like you) optimize their workflow and succeed!

Wholesaler vs Distributor: What Are Their Roles and Differences?

Thu, 01 Feb 2024 17:00:00 -0500

The terms "wholesaler" and "distributor" are often confused and used interchangeably in the supply chain. Wondering about the real differences are between the two? In today's Secret Life of Inventory episode, we'll explore the fundamentals of a supply chain, the key differences between wholesalers vs. distributors, and practical tips on how you can find the right distributor. Comment below if you have any topics you'd like us to cover next, and be sure to subscribe and hit the bell for notifications to stay tuned for more!

0:00 Teaser
0:13 Intro
0:56 What is a supply chain?
2:24 Why do people do wholesale?
5:26 How are distributors different than wholesalers?
8:18 How to find the right distributor
11:11 The challenges of wholesale distribution
17:01 Outro

Try inFlow to manage your inventory and make sure you never run out of stock:
https://www.inflowinventory.com/

Listen to our podcast on other platforms:
https://secretlifeofinventory.buzzsprout.com/

About Secret Life of Inventory:
Welcome to the Secret Life of Inventory – a show where we delve deep into the unseen world of inventory management, revealing the hidden mysteries that help small businesses (like you) optimize their workflow and succeed!

How to Create Your Own Barcode System (Everything You Need to Know)

Wed, 17 Jan 2024 14:00:00 -0500

Join us in this insightful episode as we dive deep into the world of barcoding and discover how you can create your own barcode system. Whether you're a small business owner looking to streamline inventory management or an enthusiast eager to learn more about the technology behind barcodes, this episode has something for everyone.

0:00 Teaser
0:13 Intro
1:24 What are barcodes?
2:40 How do barcodes work?
4:30 How do you create barcodes?
6:32 What are the pros and cons of creating your own barcodes?
9:59 The different types of barcode symbology
13:53 How much does it cost to start a barcode system?
17:42 What hardware do you need for barcode scanning and printing?
21:52 What should you consider before starting a barcode system?
22:53 Outro

Try inFlow to manage your inventory and make sure you never run out of stock:
https://www.inflowinventory.com/

Mastering Retail Inventory Management (Why did F21, Kmart, and Sears go Bankrupt?)

Fri, 17 Nov 2023 15:00:00 -0500

In episode two, we share the fundamentals of mastering retail inventory management. Discover proven best practices and real-world case studies like why did Forever 21 go bankrupt? What happened to Kmart and Sears? And how does Walmart stay as one of the top retail giants?

Get ready to be educated and entertained with insights on inventory management. Subscribe to stay tuned for more!

0:00 – Teaser
0:10 – Intro
0:57 – What is Retail Inventory Management?
3:25 – Types of Retail Inventory
6:39 - What are the Benefits of Effective Retail Inventory Management?
10:31 - Best Practices for Business Owners
12:48 - Real-World Case Studies
12:57 - Forever 21: The Rise & Downfall
14:21 - Walmart vs. K-Mart: Price War in 1990s
16:30 - Why Sears
18:09 - Walmart RFIDs: Radio Frequency Identification
18:55 - Uniqlo RFID Tags and Check-out System
19:49 - Decathalon RFID Check-out System
20:03 - Amazon Go RFIDs
20:35 - Outro

Try inFlow to manage your inventory and make sure you never run out of stock:
https://www.inflowinventory.com/

What is Inventory Management? (Learn the Basics & Techniques)

Tue, 26 Sep 2023 10:00:00 -0400

Are you a business owner in need of better inventory management? Well, we can help! In this episode, we're here to teach you the fundamentals of inventory management and common techniques used to effectively manage stock. From cutting costs to improving productivity, stay tuned to learn the best practices and how you can improve your workflow today!

0:00 - Intro
1:07 - Who are we?
2:14 - What is inventory management?
3:46 - Why is inventory management important?
6:10 - Different types of inventory techniques
6:36 - ABC analysis
7:50 - Batch tracking
8:40 - Bulk shipment
9:02 - Consignment
11:33 - Cross-docking
12:40 - Demand forecasting
13:39 - Dropshipping
15:22 - Economic order quantity
16:10 - FIFO (first in, first out)
17:26 - LIFO (last in, first out)
17:44 - Just in time
19:53 - Lean manufacturing/lean construction
21:36 - Material requirements planning (MRP)
22:11 - Minimum order quantity
22:44 - Reorder points
24:09 - Safety stock
25:17 - Periodic vs. perpetual inventory management
26:01 - Cycle counts
27:26 - Perpetual inventory management
28:36 - Wrapping up
30:01 - Outro

Try inFlow to manage your inventory and make sure you never run out of stock:
https://www.inflowinventory.com/