How to Find the Profit That's Already in Your Inventory | #636

Most businesses struggling with profitability aren't spending too much on ads. They're holding too much stock. The wrong stock. Stock bought on gut feel six months ago, sitting in a warehouse, tying up cash that could be doing something useful.

Talea Bader is the co-founder of SKUTOPIA, an Australian fulfilment operation that's been building its own AI and robotics platform for eight years. He runs fulfilment for hundreds of businesses, from early-stage brands all the way through to enterprise, which gives him a view of what's actually happening inside these businesses rather than the version operators tell themselves.

He's seen a business turning over $700 million move from significant losses to tens of millions in profit. Not by changing their marketing. Not by redesigning their website. By changing the way they managed inventory.

Today, we're discussing:

• Why inventory is your biggest P&L lever, and most businesses go looking for profit in the wrong place
• The difference between gross margin and delivered margin, and why most buying decisions are made off the wrong number
• Why inventory reordering is still super manual, spreadsheet based, and driven by ego instead of science
• How to know your weeks on hand before it becomes a crisis
• The $700 million business that moved from significant losses to tens of millions in profit through better inventory management alone

Connect with Talea Bader | Explore SKUTOPIA

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