OpenStore Streamlines Supply Chain Operations for Multiple Brands with Anvyl
Technology Category
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
- E-Commerce
- Retail
Applicable Functions
- Logistics & Transportation
- Procurement
Use Cases
- Demand Planning & Forecasting
- Supply Chain Visibility
Services
- System Integration
About The Customer
OpenStore is a brand aggregator based in Miami, Florida. Founded in March 2021, the company's mission is to identify, value, acquire, and scale long-tail e-commerce brands, providing liquidity to the entrepreneurs who had grown those brands to their first six to seven figures in annual sales. OpenStore aims to grow to hundreds of brands as soon as possible, and to achieve this, they needed to streamline operations and incorporate unique supply chain management processes into a standardized, repeatable practice. OpenStore provides qualifying Shopify entrepreneurs with a cash offer in as little as one business day and continues to grow each acquired brand by creating efficiencies and limiting costs as the portfolio grows.
The Challenge
OpenStore, a brand aggregator founded in March 2021, faced the challenge of managing procurement for over 40 brands. The company's mission was to identify, value, acquire, and scale long-tail e-commerce brands, offering liquidity to entrepreneurs who had grown these brands to their first six to seven figures in annual sales. The operations team, initially consisting of just two people, was tasked with managing all aspects of supply chain, fulfillment, demand planning, and product development. With an ambitious objective to grow to hundreds of brands as soon as possible, OpenStore needed to find a way to streamline operations and incorporate hundreds of unique supply chain management processes into a standardized, repeatable practice that could run with minimal manpower.
The Solution
To standardize and scale their supply chain operations, OpenStore turned to Anvyl. Anvyl's solution allowed OpenStore to integrate dozens of supply chain processes into one cross-portfolio operation. OpenStore designed a resilient and scalable tech stack using Anvyl partners Netsuite ERP and Flieber for resource planning and demand planning, respectively, with Anvyl integrated in both directions. This tech stack enabled the team to manage everything from forecasting to purchase orders (POs) to reconciliation. Anvyl was used to manage the order and supplier collaboration phase of their supply chain, tracking and cataloging the journey from creation to delivery, including all specifics of cash in and cash out. Crucially, Anvyl made it easy for new brands to be integrated into the team’s process without necessitating hiring for manual work. The merchant integrations team introduced each new brand to Anvyl as quickly as possible, streamlining the process of reporting on the supply chains of 40+ brands.
Operational Impact
Quantitative Benefit
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