startupfest 2015: camille fournier (rent the runway) - keynote

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The Tip of the Iceberg: Mastering Reverse Logistics Camille Fournier CTO, Rent the Runway @skamille

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Page 1: Startupfest 2015: CAMILLE FOURNIER (Rent the Runway) - Keynote

The Tip of the Iceberg:Mastering Reverse Logistics

Camille FournierCTO, Rent the Runway@skamille

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The Website

The Operation

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2009 2010 2011 2012 2013 2014 20150

20000

40000

60000

80000

100000

120000

Inventory

Inventory

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THE BEGINNINGRent the Runway: What we do, how we started

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FROM DRYCLEANERS TO WAREHOUSE

How far can you go with Google Docs, anyway?

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Growth: 400 units to 8000

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How far can you go with Google Docs?

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ADDING TECHNOLOGY

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Pick from shelf, pack in box, ship

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OUR UNIQUE PROBLEMS

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Time sensitive full reverse logisticsWeekend-dominated business means

peak return and ship out day is Wednesday

Over 60% of our inventory is received and reshipped in a single

day

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Dry cleaning?!

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Repairs??

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INITIAL INNOVATIONS

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Smarter Reservations

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Smarter Allocation

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SCALING LOGISTICS FOR THE FUTURE

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Unit Priority

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BUILDING A BRAIN

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Last Ship Today UPS/Fedex

Last Ship NOT Today, past/on

early ship

Early ship not started, will be needed soon

The Complete JIT Reverse Logistics System(“ResCal”, “Allogator”,“Baywatch”, “Shipmunk”, “Panda”)

- A set of home grown systems powers our complex eco system of reservations, allocation and unit prioritization, assembly, shipping, and the overall fulfillment.- Typical turnaround window is 8 hours; Most is turned around within 24 hours.

ALLOCATION MAP

Presort Receiving Pre-Inspection Cleaning

Spotting

Steaming

Repair

QC

RACKED UNITS

Assembly Bay (JIT op)

ShippingGroup Assembled, Completed

UPS Drop off

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WHAT HAVE WE LEARNED?

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Having a warehouse is crazy and fun…

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Especially during Hurricanes

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Every Second Counts.

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The only benchmark is our business growth.

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Thanks!Questions? Comments?

@skamille