GoodDay Software

GoodDayOS™️ introduced Receiving functionality a couple of months ago. Our early customers are actively evolving how they operate in the warehouse. 😎 If you’d like to learn more about Receiving, sign up for a demo ➡️ https://lnkd.in/gi_jN9qf   ✔️ Simple but powerful operating tools to manage exceptions during the Receiving process ✔️ Receive items directly into specific Channels ✔️ Push inventory dynamically into Shopify ✔️ We build the connection to your WMS system for you ✔️ And we introduced a bit of fun with our PO Line statuses…why not? #Ecommerce #GoodDayOS #HaveAGoodDay      

When you’re starting a brand from the ground up, it’s a dynamic experience day-to-day. And, early on, spreadsheets are your friend. Efficient, customizable, free. It’s easy to keep putting band-aid solutions in place when operating on the fly. But, reflecting on the experience at Chubbies, here’s how to spot the signs that it’s time to invest in an ERP: 1. Saying “No” to exciting new sales opportunities. Every operating team prides itself on the ability to flex and adapt to new challenges. Being forced to turn down exciting new sales opportunities because you’re worried your systems and overall operations can’t keep up…is a major red flag. 2. Data overwhelm. There are too many spreadsheets and not enough time. Manual, disconnected spreadsheets can lead to errors, duplicative data entry, decision-making based on outdated information, and constant doubt about the accuracy of the data. This will show up in cross-functional meetings, which become a debate about the accuracy of the data—not what you’re there to discuss. 3. Adding structural complexity to operations. The most common examples are below: - Optimizing inventory across multiple distribution centers or retail store locations. - Managing virtual inventory across Ecommerce, B2B, Retail Stores & Marketplaces sales channels. - Growing your SKU base significantly. Managing 30,000+ SKUs (like one GoodDay client does) isn’t feasible without significant automation. - Complex operations like B2B Pre-books or e-commerce pre-selling require multiple inventory states, such as Reserved, Committed, and Committed status. - Going global. Multi-currency and cross-border sales push QuickBooks and Shopify to their limits. 4. Timely, accurate financials become elusive. As you grow, making timely operating decisions based on accurate, trustworthy financials becomes essential. If you’re finding it challenging to close your books and report your monthly financials, this is typically a great sign that it’s time to explore an ERP. With GoodDay, you don’t just keep up—you scale confidently. Don’t wait for your operations to break before considering an investment. At GoodDay, we’re working hard to meaningfully improve the user experience while reducing the friction and total ownership cost of these operating tools. Sign up for a demo, and I’ll gladly share my perspective. #inventorymanagement #shopify #erp

The team and I have some great news for Shopify brands managing wholesale! We just launched the Wholesale Sales Order Beta and are excited to show you how larger merchants manage their wholesale channel seamlessly. Here’s how we’re helping them: - Manage committed vs. uncommitted inventory - Streamline allocation and fulfillment within sales orders - Leverage our proprietary Blocks feature for operational flexibility - View detailed financial summaries for payments & discounts Want to understand how it can work for your brand? Reply to this post. #Wholesale #InventoryManagement #Retail

Did you register yet? I’m hosting a webinar with Chad Brinton, SVP of Operations at Made In, on best practices for inventory management during the holidays. Understand this: If your ops break, everything breaks. We’re here to help you ensure it doesn’t happen. There is still time to optimize and improve. Register here --> https://lnkd.in/gqJvqhWv #InventoryManagement #Ecommerce

There’s a “perception versus reality” problem in the ERP space. But it’s evolving in front of my eyes. Perception: Experienced CFOs opt for the safe choice. These legacy systems are perceived to be risk-free because, well, “no one ever gets fired for choosing NetSuite.” Reality: In the last four weeks, I’ve talked to five technology and finance leaders of $100M+ revenue brands who are actively working to migrate their brands off fully developed and healthy instances of legacy ERPs. When I talk with leading brands on Shopify today, I hear a growing consensus I never expected. No one is happy with the status quo operating systems. The idea that brands will stick to their current ERP systems due to sunk costs is starting to sound increasingly like a fallacy. Putting a $50M brand on a legacy ERP system is an impractical, unnecessarily complex, and outdated approach. #inventorymanagement #ERP #ecommerce #Shopify

Gearing up for the holidays? I’m hosting a webinar with Chad Brinton, SVP of Operations at Made In, on best practices for inventory management during the holidays. There is still time to optimize and improve. Learn how! Register here 👉 https://lnkd.in/gqJvqhWv #ecommerce #inventorymanagement #holidays

The promise of Shopify from 10 years ago has never been more true than it is today. I’m betting GoodDay’s future on it because it’s what’s best for our merchants. Reviewing their earnings, the momentum at Shopify is undeniable and inspiring, which gives us even more reason to continue to build as closely to Shopify as possible. #shopify #shopifypartner #inventorymanagement

At GoodDay Software, we’re helping brands get out of spreadsheets early, making accurate, timely FIFO costing approachable for small brands. The First-in, First-out (FIFO) costing method assumes that the oldest (first-in) inventory items are sold first. Pros of using FIFO: At Chubbies, we utilized FIFO and Weighted Average costing methods at different points in our operational maturity. We ended up using FIFO for everything because it best reflects your business’s natural, physical inventory flow. The FIFO method also provides the most accurate snapshot of your current inventory costs at any moment. This is particularly beneficial for most financial analysis and operational decision-making. Last, and particularly relevant in today’s macro and any inflationary operational environment, this method will lower your COGS and raise your margins in your financial statements. While this can be important at specific moments, there are other reasons to implement FIFO. Cons of using FIFO: The primary reason is that you must take a programmatic approach to manage it efficiently and accurately. The time-based variable is particularly challenging to account for on an ongoing basis. This makes it almost impossible to manage in spreadsheets. Here’s a pro tip from Dave Wardell, fmr. CFO at Chubbies and CPO at GoodDay: “It’s very hard to predict future profitability and cash flow in Retail. You shouldn’t expect precise cash flow outputs if you don’t use the most accurate costing inputs. FIFO mirrors your business trends and gives you the most accurate operational inputs to build.” But why did we use the Weighted Average costing method at Chubbies? The Weighted Average costing method simply takes the total cost of goods for sale divided by the total number of units available. If your supply chain experiences large price fluctuations, Weighted Average costing can smooth out the situation and provide more consistent COGS trends. It’s particularly useful for brands managing complex price volatility in raw materials and many inputs. Smoother costing curves, even if less accurate, will lead to less fluctuation and more consistent COGS trend lines. However, the Weighted Average method can sometimes be far less accurate and even misleading operationally. There were specific instances at Chubbies when we were burned by inaccurate cash flow planning that didn’t capture the nuance of our business’s work. The Weighted Average would have been accurate over time. Still, we had to make important operational decisions at that moment because it was hiding some underlying issues in our COGS trends. We don’t want this to happen to you, so at GoodDay, we eliminate spreadsheets and make managing FIFO significantly easier. Our system is, by nature, opinionated, and we want our operators to work from highly accurate and trustworthy operational inputs that represent how their business is working. #inventorymanagement #ecommerce #shopify

Pickleball is taking over. It is one of the fastest-growing sports ever in the US. Why? Because everyone, irrespective of age, can join and have fun! While exploring the world of pickleball, we discovered a brand called Recess Pickleball in Austin, TX. This brand is amazing, and the operators of Recess are incredible. They are building their brand around high-quality paddles and increasingly clothing and accessories that make the game approachable for players of all ages and skill levels. As fates would have it, they came to GoodDay Software with a challenge: The company needed a more efficient way to manage its inventory and operational processes. They're a fast-growing business, and their existing systems weren’t scaling as well as they'd like. Here’s what Recess struggled with: - Inventory bottlenecks: As demand surged, so did the complexity of managing inventory levels and forecasting product needs. - Limited visibility: They needed more real-time insights into product availability, which made it harder to meet growing customer expectations. - Scalability issues: Their existing systems couldn’t keep up with the fast-paced growth of the business, leading to recurring snags and delays. Recess chose GoodDay Software because we addressed several key operational challenges right from day one, bringing advanced inventory management functionality to the table, which none of the other tools they worked with offered. With GoodDay, Recess is primed for next-level operational efficiency: > Centralized inventory management: GoodDay has enabled Recess to centralize all inventory-related data into a single system, providing a clear inventory overview at all times. > On-the-fly intelligence: The real-time visibility feature enabled them to track product levels more efficiently, helping reduce stockouts and overstocks. > Scalable solutions: As the business has grown, GoodDay’s flexible and growth-ready features have adapted quickly, ensuring that operational hang-ups were a thing of the past. I love that our team could help them reinvent how inventory should be managed. Congrats on what you’ve built, Maggie Brown & Grace Moore—very impressive! Reinventing your ops can be daunting, but with GoodDay, we can make it simpler and straightforward. Know of any brands that could use our help? Take a minute to read the complete case study. We’re incredibly proud of our support for Recess in its operational transformation. https://lnkd.in/gVCzSJMK #inventorymanagement #ecommerce #casestudy

Reflecting on the Chubbies Shorts, Loop, and GoodDay Software experience, one of the most interesting threads is that they are all very optimistic organizations. It is powerful to see how simple optimism can shape a team for the better. I first learned this from Chubbies. Our team identified “positivity” as a key shared value when creating our shared culture document. It was the reason they were passionate about showing up to work every day and authentic to how our entire team showed up. We used this explicitly when considering new hires. Over time, we worked hard to ensure our external brand efforts represented this as well. As a leader & CEO, I’ve grown to consider it core to my role as the Chief Optimist and to set an overwhelmingly optimistic tone for what we can achieve together. With each brand—Chubbies, Loop, and GoodDay—we’re disrupting competitive spaces or creating new markets entirely. This is hard work. Failure is around every corner. But so is opportunity. Approaching this exercise with a pessimistic attitude simply doesn’t work. Innovation, in particular, doesn’t stem from pessimistic energy, so I recommend that every organization cultivate and reward optimism when you see it. Many great leaders have lived by this principle. I’m fortunate to have benefitted from the power of collective positivity. At GoodDay, I think about this daily: “Where can I infuse positive energy into our business to create a world for our merchants that even they couldn’t imagine?” Optimism is an excellent counter-balance to support the inevitable setbacks of entrepreneurship, tiding over recessions, or dealing with new competitive pressures. At the end of the day, whatever challenges you’re currently facing will come and go—the future favors the optimist. Both Chubbies and GoodDay Software explicitly mention optimism or positivity as one of the five important cultural principles. It’s as simple as this. Who would you rather follow—someone optimistic about the future or someone who views the world with a half-empty glass mentality? I choose the former 10 out of 10 times. #brandbuilding #ecommerce #optimism