Growing Profitability ft. Kyle Hency of GoodDay Software
May 23, 2024
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Kyle Hency, co-founder of Chubbies and CEO of GoodDay Software, shares insights on scaling ecommerce brands, developing Loop Returns, and the importance of effective inventory management. He discusses the role of data integrity in making inventory decisions and introduces GoodDay Software as a game-changer in ERP solutions.
Accurate data is crucial for e-commerce success, enabling better inventory decisions and operational efficiency.
GoodDay Software focuses on improving profitability through real-time inventory insights and streamlined e-commerce operations.
Deep dives
Kyle's Background and Experience with Chubby's and Loop Returns
Kyle Henssey, former co-founder and CEO of Chubby's apparel brand, shared his entrepreneurial journey and experiences. Starting Chubby's with friends and later selling it to Solo, Kyle highlighted the challenges faced and the success achieved during the brand's growth. Additionally, he discussed the creation of Loop Returns, born out of a need to address operational issues with returns and exchanges in Chubby's.
Founding Good Day Software as an ERP Alternative
Having sold Chubby's, Kyle delved into Good Day Software, a lightweight ERP aimed at disrupting traditional systems like NetSuite. The platform focuses on simplifying operations for e-commerce brands, offering a centralized system for accurate inventory and financial data to improve decision-making and operational efficiency.
Focusing on Profitability and Data Integrity in E-commerce Operations
Kyle emphasized the significance of accurate data and decision-making in e-commerce operations. Good Day Software aims to enhance profitability by providing real-time inventory insights, streamlining operations, and fostering better vendor relationships. The platform seeks to address common challenges in inventory management, such as varying unit costs and optimizing inventory investments for improved financial outcomes.
Benefits of Good Day Software for E-commerce Operators
Good Day Software offers practical benefits for e-commerce operators, including increased revenue opportunities, improved cash conversion cycles, cost savings, time efficiency, and enhanced vendor relationships. By centralizing inventory data and simplifying processes, the platform enables brands to make informed decisions and operate more efficiently.
Welcome to another episode of the eCommerce Playbook Podcast! Today, Taylor is joined by Kyle Hency, co-founder of Chubbies and CEO of GoodDay Software. They dive into Kyle’s journey from Chubbies to Loop Returns and now GoodDay Software, sharing invaluable insights on:
Building and scaling Chubbies, a leading ecommerce brand
Creating Loop Returns to solve operational challenges
The importance of effective inventory management
Introducing GoodDay Software, a game-changer in ERP solutions
Kyle discusses the critical role of data integrity in making better inventory decisions, enhancing operational efficiency, and opening new sales channels.
Follow Kyle and GoodDay Software:
Website: gooddaysoftware.com
Twitter: @gooddaysoftware
Don’t miss this episode packed with practical advice from one of the top minds in ecommerce. Subscribe for more insights on business growth and operational excellence.