New Tiktok Mashup 2024 Philippines Party Music Viral Dance Trends December 22nd

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 አለመሳቅ አይቻልም! // አዳዲስ የቲክቶክ ቪድዮዎች 2017 //  New Ethiopian Tiktok Compilation 2024 ??

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Choose The Right 3PL / Fulfilment Centre For Your Online Store #shorts #tips #business

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How to Sell On TikTok Shop (Using Shopify)

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[ ART ] Pixel Art Padoru

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## Shopify and Beyond— How OpenStore Is Redefining Online Retail for the Better

I'm super excited that this season's sponsor for Limited Supply is Fulfill.io. I heard about Fulfill almost 10 years ago. I invested in the business in 2016, putting in \$ 550,000 because I was passionate about the product, what they were building, and CEO Sheron, who really listens to customer feedback. You can email him and get product updates anytime. It's incredible. Fulfill is an ERP system built for e-commerce businesses. Think of them as a Net Suite for e-commerce. They work with huge e-commerce businesses from HexClad to Missouri to Caraway to Cadence. It's an incredible product that helps simplify your business when the complexity reaches a level where Excel doesn't work anymore.

Through Fulfill, you'll be able to manage orders, accounting, inventory, understand what's low and high, and when you need to place another PO. You'll be able to manage your bill of materials and build bundles. It's an incredible piece of software once your business starts getting really complicated. This could be due to many reasons, like having a lot of channels you’re selling through, having many SKUs, or working with several suppliers. Once it gets to the point where spreadsheets don't work anymore, that's where Fulfill shines. Check them out at Fulfill.io.

Welcome back to Limited Supply, Season 8, Episode 10. Today, we've got two awesome guests: Lucas and Trenton from OpenStore. We did an episode last season where we grilled the founder of Postscript. Our community voted, and thus we have Lucas, who runs operations across the board at OpenStore, and Trenton, the president, to discuss their innovative business model.

### The Mission Behind OpenStore

OpenStore started to solve a problem faced by over 2 million businesses built on Shopify— businesses too small for private equity and not growing quickly enough for venture capital. Many e-commerce entrepreneurs are spending 60 hours a week on various aspects of running their operationally complex businesses and looking for a viable exit plan. OpenStore’s mission is to offer a smooth exit strategy and enhance consumer brand discoverability.

### The OpenStore Model: More Than Just Aggregation

The OpenStore model involves buying e-commerce brands, optimizing them from supply chain and marketing standpoints, and growing them sustainably. They provide both acquisition opportunities and a Drive program where they manage businesses for owners not yet ready to exit. Drive ensures guaranteed monthly payments while allowing OpenStore to integrate and optimize operations, often leading to eventual acquisitions.

### Qualifying for and Evaluating an Offer

For businesses generating \$ 250,000 to \$ 10 million in annual sales, OpenStore looks for healthy growth, margin profiles, cash flow positivity, and strong customer loyalty. They have a specialized diligence team to meticulously evaluate every aspect of a brand, ensuring a fair and beneficial offer for everyone involved.

### The Strength Behind OpenStore's Success

OpenStore differentiates itself by focusing on Shopify and building a technology-driven platform for scaling and operating e-commerce brands efficiently. Approximately 40% of their team focuses on engineering and data, providing a robust alignment of technology and operations.

### Optimizing Operations with Technology

From infrastructure tools like a promotional engine to leveraging AI in customer support, OpenStore enhances every facet of e-commerce operations, driving efficiency and performance without massive overhead. This allows them to sustain business growth and improve customer satisfaction effectively.

### Challenges and Competitive Edge

OpenStore's heavy focus on technology means they can offer fair pricing and exceptional support for e-commerce entrepreneurs. Unlike other aggregators, OpenStore doesn’t rely solely on turning a profit through multiple arbitrage or financial engineering. Their unique selling point is their ability to run these businesses better using innovative in-house technologies.

Overall, OpenStore provides a sustainable, growth-oriented exit strategy for e-commerce entrepreneurs while operationalizing efficiencies across the brands they acquire. Their unique tech stack, dedicated expertise, and mission-driven approach make them a formidable player in the retail and e-commerce space.

### Keywords

**Shopify, e-commerce, Fulfill, ERP, OpenStore, acquisition, Drive program, technologically driven operations, customer support AI, consumer brand discoverability, growth strategy.**

### FAQ

**Q: What is OpenStore's mission?**
A: The mission of OpenStore is to provide e-commerce entrepreneurs with a viable exit strategy while enhancing consumer brand discoverability through optimized operations.

**Q: How does the Drive program work?**
A: The Drive program allows OpenStore to manage e-commerce businesses on behalf of their owners, ensuring guaranteed monthly payments and optimizing operations, often leading to eventual acquisitions.

**Q: What criteria does OpenStore look for in potential acquisitions?**
A: OpenStore looks for businesses generating \$ 250,000 to \$ 10 million in annual sales with healthy growth, margin profiles, cash flow positivity, and strong customer loyalty.

**Q: How does OpenStore differentiate itself from other e-commerce aggregators?**
A: OpenStore differentiates through focusing on Shopify platforms, building a tech-driven operational model, and leveraging advanced AI in customer support, all aimed at sustainably growing the brands they acquire.

**Q: How does OpenStore use technology to optimize acquired brands?**
A: OpenStore uses various technologies like infrastructure tools for automated promotional management, AI-enhanced customer support, and predictive analytics for improving supply chain efficiency, ensuring smoother operations and higher profitability.

You asked, we listened.  That’s right– you wanted to hear more about Open Store, so Nik pulled Trent Riggs (President of OpenStore) and Lukas Judodihardjo (Head of Operations at OpenStore) onto the pod to break down the ways that they’re revolutionizing th

Shopify and Beyond—  How OpenStore Is Redefining Online Retail for the Better

shopify-and-beyond-how-openstore-is-redefining-online-retail-for-the-better

## Why I Love Supply Chain? #supplychain #ecommerce #innovation

### Introduction

Supply chain management is one of the oldest industries in the world, dating back to when humans first started trading goods. Early civilizations traded commodities like cattle, fur, and various animal products, including handmade items like handbags and clothing. Although we've advanced considerably, there is still immense potential for innovation and improvement in this field.

### Expertise and Passion

One of the reasons I am passionate about supply chain management is my relatively deep understanding of the industry. This knowledge allows me to help small businesses scale and grow while avoiding costly mistakes. It's incredibly fulfilling to offer expertise that can make a tangible difference.

### Why You Should Be Interested

Supply chain management is not just about moving goods from one place to another; it's about innovation and disruption, areas that are ripe with opportunity. Eventually, understanding the fundamental economics of supply chains will be crucial if you plan to run a business. Achieving financial freedom often hinges on the efficiency and effectiveness of your supply chain, making this knowledge invaluable.

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## Keywords

- Supply Chain Management
- Innovation
- Trading
- Business Growth
- Financial Freedom
- Expertise
- Small Businesses
- Disruption
- Economics

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## FAQ

### Why is supply chain management important?
Understanding supply chain management is vital for business efficiency, cost control, and achieving financial freedom.

### How has the supply chain evolved over time?
The supply chain has evolved from basic trading of goods like cattle and fur to complex networks that support modern e-commerce and global trade.

### How can my expertise in supply chain management help small businesses?
My expertise can help small businesses scale effectively, avoid costly mistakes, and capitalize on opportunities for growth and innovation.

### Why should I be interested in supply chain management?
Interest in supply chain management is beneficial because it is a cornerstone for running successful businesses and can significantly contribute to achieving financial freedom.

### What opportunities exist for innovation in the supply chain industry?
There are numerous opportunities for innovation in areas such as logistics, warehousing, technology integration, and sustainable practices.

Why I love supply chain #supplychain #ecommerce #innovation

why-i-love-supply-chain-supplychain-ecommerce-innovation

supply chain ecommerce

Shopify and Beyond— How OpenStore Is Redefining Online Retail for the Better

Why I love supply chain #supplychain #ecommerce #innovation