How Canada Bolts Saves 3+ Hours On Weekly Inventory Management With Genie

“Working with Genie is not comparable to the way we managed inventory before. Now, our inventory meets demand without any guesswork. We know at all times what products are at risk of stockout, how many we need to order, and what products sell the most.” – The team at Canada Bolts

About

Canada Bolts is a fast-growing company providing high-quality screws, nuts, and bolts at a competitive price for customers ranging from wholesale manufacturers to individual consumers. With an extensive product catalog, exceptional customer service, and a focus on innovation, Canada Bolts is a trusted name in the fastener space.

Challenge

Genie needed to meet demand and resolve stockouts with reliable inventory levels

Dedicated to supplying high-quality fasteners in any quantity, Canada Bolts is constantly expanding its offerings. This includes anything from finding new manufacturers to adding cutting-edge products and creating more SKU variants with different quantity options.

To track inventory, Canada Bolts manually entered critical data like stock on hand and product sales into an Excel spreadsheet. But once its SKUs surpassed 5,000, inventory became more challenging to manage, leading to frequent stockouts and an overall lack of visibility.

To ensure stock levels met demand at all times, Canada Bolts needed an inventory management tool that could:

1. Provide granular data on inventory levels for every product variant
2. Identify its most popular products and suppliers

The company tried several platform alternatives, but none provided the detailed insights it needed to substantially improve its inventory planning. However, Genie’s automated inventory analysis and product segmentation seemed like the perfect solution to gauge stock levels in real time and optimize them effectively.

“We used to track all products, variants, and suppliers in Excel, but we started losing track of which products are running low and how many more we need to order. Our inventory didn’t match what was selling, and we needed a tool to fix this as soon as possible.”

Solution

Partnering with Genie empowered the team at Canada Bolts to streamline its inventory management and meet customer demand with complete stock visibility at the product-variant level. The team attributes these wins to two key benefits of Genie’s platform:

Benefit #1: Granular inventory analysis

After onboarding Genie, Canada Bolts finally had accurate, detailed data to thoroughly evaluate where inventory fell short of customer demand. Thanks to Genie’s automated inventory analysis and intuitive stock statuses, Canada Bolts could easily identify which product variants were out-of-stock, what quantities to order, and how long it would take for them to arrive.

With deep data visibility, Canada Bolts was also able to expand its services. The company could now inform customers of the item quantities and dates for upcoming restocks, allowing clients to pre-order — all by using Genie.

Benefit #2: Custom inventory view based on product sales

Genie’s powerful product segmentation helped the Canada Bolts team isolate unpopular product variants and uncover its high-demand SKUs. As a result, it nearly cut inventory in half to refocus its strategy on the items Genie identified as profitable. Using Genie’s table filters and product grades, Canada Bolts also created an inventory view to match the sales dynamics of its store and seamlessly track bestselling items.

The best part? Tailoring Genie’s platform to its data needs helped Canada Bolts bolster its supplier relationships by pinpointing its three leading suppliers to negotiate better margins.

“With Genie, we have every critical piece of inventory data at our fingertips, from our best-selling products and suppliers to the revenue they generate for our business.”

Results

Canada Bolts saves over $500 on weekly inventory management with Genie

Thanks to Genie, Canada Bolts now has an effective inventory and supplier management platform for end-to-end visibility and continuous customer-driven growth. Beyond optimizing its stock levels and supplier relationships, Canada Bolts has achieved several notable wins, including:

• 3+ hours back on weekly inventory management
• $500+ saved on manual inventory data entry

Looking ahead, Canada Bolts plans to continue expanding its product list with actionable inventory insights — and its team is especially excited to collaborate with Genie on custom features and purchase order templates for its key suppliers.

“It’s been life-saving to talk to someone, explain what we are looking for, and not only to be heard, but to get a product that suits our needs perfectly.”