The Key to Streamlining Inventory Management & Purchasing Processes

Are you struggling to keep track of your inventory and spending too much time and money on purchasing materials?

Inefficient inventory management and purchasing processes are common challenges faced by skilled trades businesses, especially in HVAC and plumbing. These issues can lead to significant financial losses and hinder business growth… but not when you use Ply!

Tune in to hear from David Wigder, co-founder of Ply, about how their innovative solution simplifies materials management for contractors.

Did you know that a $5 million/year contractor could be losing up to $100,000 annually due to poor inventory management? That's a staggering amount of money that could be saved with the right tools and processes in place!

Today, Dave reveals Ply's four-phase approach to implementing their inventory management and purchasing solution, and how it can help trade businesses like yours save time and money.

On this episode of Transforming the Trades, Lynn and Dave discuss:

• The motivation behind creating Ply and its mission to simplify materials management

• Ply's four-phase approach to onboarding and implementation

• The financial impact of inefficient inventory management and how Ply addresses these issues

• Integration with popular field service management software like ServiceTitan and Jobber

• The importance of tracking dead stock and its impact on cash flow

• Why you need an internal champion to ensure successful adoption

  
  

Actionable Key Takeaways for Trades Operators:

• Start small and focus on incremental progress when implementing an inventory management solution.

• Assign an internal champion to oversee the implementation and adoption of the new system.

• Prioritize tracking high-value items and frequently used materials to maximize savings.

• Regularly review consumption reports to identify trends and optimize inventory levels.

• Consider the long-term benefits of improved inventory management on cash flow and business growth.

By implementing a comprehensive inventory management and purchasing solution like Ply, trade businesses can streamline their processes, reduce costs, and ultimately improve their bottom line. 

Don't let inefficient materials management hold your business back any longer – take action today and start your journey towards a more profitable future!

The resources mentioned in this episode are:

• Learn more about Ply & book a demo: https://getply.com

• Connect with Dave on LinkedIn: https://www.linkedin.com/in/david-wigder

• Email Dave: [e-mail]

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📊Looking for more assets to optimize your operations, customer service, and financial practices? Download my free resource filled with 13 top resources for growing your business. Sign up here: https://transformingthetrades.net.

More content from Lynn:

Transforming the Trades Podcast Website: https://transformingthetrades.net

Contractor in Charge Website: https://contractorincharge.com

This episode was produced and brought to you by Reignite Media.