LOUISVILLE, Ky., Aug. 24, 2015 /PRNewswire/ -- SkuVault, the leading web-based eCommerce warehouse management system, was a solution that 12% of Inc. 500's list of fastest-growing privately held retailers utilized.
As is the industry trend, these three retailers sell primarily online - and their businesses are expanding rapidly. Combined, the three companies - eLuxury Supply, Plant Therapy, and Onnit - saw over $44 million in revenue in 2014. For these online retailers, the increase in revenue meant an increase in inventory, and the increase in inventory meant a need to track, manage, and sync all those products across their various online marketplaces like eBay & Amazon.
eLuxury Supply, #15 of Inc.'s Top 500 list, is a specialty linen and bed sheet company. Started in 2010, eLuxury Supply initially operated from the owner's garage. The garage turned into a 10,000 sq. ft. warehouse, then to a 60,000 sq. ft. warehouse. They quickly began to see revenue upwards of $18 million. "SkuVault was there and able and willing to support us at each of those various growth steps," says eLuxury Supply's President and Founder, Paul Saunders. Adds Jeremy Redd, Operations, "With the way our inventory is selling and what we have in our warehouse, SkuVault saves the day every day."
With its easy-to-navigate user interface and hands-on approach to process improvement, SkuVault continues to prove that inventory management doesn't have to be daunting, limiting, or time-consuming. "Seeing these clients become 3 of the 25 fastest-growing retail companies is so exciting and a real point of pride," says Andy Eastes, Co-Founder and CEO of SkuVault, "We're happy to have been a part of that success, and to continue to help them and all of our other clients to expand into Inc. 500-worthy businesses."
SkuVault is a cloud-based inventory & warehouse management solution that's designed to work with your warehouse, not against it. Real-time quantity syncs prevent out of stocks, barcoding and QC reduce picking and shipping errors, and smart re-order reports ensure that your purchasing decisions are backed by hard data. SkuVault's clients on average decrease their out of stocks by 10x, reduce labor costs by 30%, and reduce fulfillment time by 87%. Get started today to unlock the potential of your inventory! Visit http://www.skuvault.com for a free, 15-minute demo.
About Inc. Magazine
Inc. magazine, founded in 1979 and based in New York City, is an American monthly publication focused on growing companies. The magazine publishes an annual list of the top 500 fastest-growing private companies in the U.S., the "Inc. 500". Visit http://www.inc.com/ to see the full list.