How to Run Your Craft Business on Etsy?
Etsy truly is a great platform for craft businesses to sell their products online to a broad global audience. Starting an Etsy shop just takes a few minutes, and you immediately have your products in front of millions of potential customers. With a killer product, quality images, and a bit of smart marketing, your Etsy craft business is bound to succeed. Right?
Not so fast. This is only half of the story. Life could be bright at first, but you might be on a route to some serious trouble when your business grows. You will notice that it becomes increasingly difficult to keep your workshop in order. The chances are that you are facing one or more of the following problems: late deliveries, cash tied up in excess inventory, not enough materials when you need them, spending too much time on tracking sales order fulfillment (especially if you sell via multiple channels), stressful copy-pasting between different tools and tables.
This is where inventory and production management software (in manufacturing terminology, also known as Material Requirements Planning, MRP) comes into play. Managing your Etsy projects with cloud manufacturing software is the perfect combination for sellers who’re scaling their business. Etsy for powerful, sales and marketing, MRP for excellence in order fulfillment management. A free craft business software will give Etsy users manufacturing planning solutions that can help streamline your sales orders, product lists, and stock levels by bridging the manufacturing feature gap of the Etsy shop.
MRP software enhances the planning side and the management side of the workshop operations. Your Etsy craft business will enjoy bountiful benefits by adopting a cloud inventor management and manufacturing planning software into your Etsy workflow:
Meeting delivery deadlines
With a clear overview of order fulfillment status and a proper production plan, meeting delivery deadlines is not a problem. You can easily keep track of your orders and workshop capacity in manufacturing planning software. You will know exactly when to order another batch of raw materials, so you are never short. Products get finished and handed over to delivery on time.
Shorter delivery deadlines
When you have control over your workshop operations and production plan, you do not have to include an unnecessary buffer in your delivery times. You can be confident in giving delivery time promises that you can keep without hassle. Shorter delivery deadlines mean happier customers.
No excess inventory
Deliver faster using less inventory and work-in-progress. Sounds impossible? Inventory management and manufacturing planning system helps you maintain the lowest possible inventory levels for materials, WIP, and finished goods by enabling just-in-time production and effortless application of make-to-order production flows. This means your cash is not tied up in excess inventory.
Efficient resource usage
Well-coordinated work orders and production plan means your resources are used efficiently. Having all raw materials and subassemblies at the right place at the right time ensures there are no queues or idle periods for employees or workstations. This means lower costs and higher profits.
Better pricing decisions, higher profits
Manage all your products, product recipes, raw material supply terms, and production operation details in one place. You can trace the material and production costs for each item in seconds, so you know how much you should ask your customers. All current and historical cost data is stored and can be easily analyzed.
Simple multi-channel sales management
If you’re aiming for the big leagues, eventually, you’ll want to have your Etsy shop and open up several more sales channels too. This is why many scaling manufacturers use cloud MRP software to centralize their sales channels, such as their Shopify and WooCommerce accounts. But Etsy might not be your only sales channel. Also, feed sales orders from your own webshop platform, and insert orders you receive by phone or via e-mail into a single MRP tool. Simply coordinate all orders and related production activities from a central manufacturing and production planning software.
Less manual work
Inventory management has never been easier, as MRP software updates your inventory levels automatically based on sales, purchasing, and manufacturing orders. Moreover, an inventory management solution means your sales orders will be automated within your MRP, including all products, variants, and inventory levels are monitored and maintained by the system. Less copying-pasting, and more time for the fun stuff like marketing, product development, and design. Also, fewer hours in the evening trying to make sense of all those spreadsheets, and more quality time with family and friends.
A modern cloud inventory management and manufacturing planning software comes at a fraction of the cost compared to all the benefits your Etsy craft business can achieve from adopting MRP within your Etsy business.