Partnering with Brankit Leads to Improved Inventory Management, Demand Forecasting, and Financial Success for Jaeger Tools on Amazon
Supply Chain Management
Client Overview
Jaeger Tools is a leading manufacturer of high-quality power tools and accessories. The company sells its products on Amazon, with a significant portion of its sales coming from the US market, crossing $8M+ annual revenue this year.
As the business grew, Jaeger Tools realised that it needed a reliable and efficient way to manage its inventory, shipments and demand forecasting. That’s when they turned to Brankit, a leading provider of inventory management and demand forecasting services in the ecommerce domain.
Proposed Solution
Brankit would help Jaeger Tools onboard its inventory onto Flieber, a popular inventory management and demand forecasting software. This would allow Jaeger Tools to have real-time visibility of its inventory levels, and demand forecasts, enabling them to make more informed decisions about PO placement, Pre-FBA shipments and cash flow.
Implementation
Brankit took over the day-to-day operations of the business. This would include managing 3PL and supplier communications, Amazon Pre-FBA shipments, and international shipments from the supplier to Amazon and 3PL.
Comparison of 3PL and Amazon FBA Costs:
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Brankit also provided demand forecast analysis, curating and placing purchase orders (POs) on behalf of Jaeger Tools. This helped the company to ensure that it had the right level of inventory to meet customer demand without overstocking.
To help Jaeger Tools better understand its procurement and shipping costs, Brankit provided regular reports, including inventory value reports and expenses reports. This allowed Jaeger Tools to identify any areas where they could improve their processes and reduce costs.
Results
- Improved inventory management and real-time visibility of inventory levels.
- Accurate demand forecasts, enabling better decision-making about PO placement and Pre-FBA shipments.
- Streamlined day-to-day operations, including managing 3PL and supplier communications, Pre-FBA shipments, and international shipments. Giving back 30 hours a week to the business owner resulting in increased focus on growing the business
- Regular inventory value and expenses reports, allowing for identification of areas for improvement and cost reduction.
- Higher profitability and financial success due to the cost savings and improved efficiency achieved through the partnership with Brankit.
“This team is top-notch! I learned a ton while they improved our systems, reduced our doc to an optimal level, and took lots off our plate. A+”
Lee Leathers
CEO of jaeger tools
Conclusions
Overall, the partnership with Brankit has been a huge success for Jaeger Tools. The company has been able to streamline its inventory management and demand forecasting processes, leading to improved efficiency and cost savings. This has allowed Jaeger Tools to focus on growing its business, secure in the knowledge that its inventory is being managed by experts.
