Supplier Collaboration for Online Stock Purchasing

VendorNet Stock PO Manager enables retailer and supplier collaboration for online stock purchasing and delivery to distribution warehouses or retail stores. VendorNet‘s supplier collaboration technology streamlines order communication and operational process related to stock purchase orders, subsequent shipments, and invoices. It improves inventory turns and fill rates thereby reducing operational costs and inventory expenses, and delivers critical data obtained through supplier collaboration for more informed buying decisions to better serve customers.

Features

• Online retailer and supplier collaboration
• Online purchase order transmission (web browser or system- to-system)
• Online purchase order acknowledgements from suppliers
• Online purchase order modifications and approval processing
• Online printing/file extraction of finalized purchase orders
• Online shipping and invoicing
• Online generation of UCC128 barcode labels
• Advanced shipping notifications (ASNs)
• Automated three-way invoice matching
• Invoice/Shipment exception management
• In depth supplier performance analysis and reporting

VendorNet’s supplier collaboration technology routes stock purchase orders in real-time to suppliers for processing and fulfillment. Suppliers access orders via a browser-based web page or through direct system-to-system integration. Throughout the life cycle of an order, VendorNet Stock PO Manager monitors, audits, and verifies that each order is being handled and processed properly by the supplier, dramatically increasing order accuracy and decreasing processing errors.

Retailer and supplier collaboration is enhanced through order acknowledgement and confirmation capabilities, purchase order modifications and exception handling, advanced shipment notifications to warehouses, and three-way invoice matching. In addition, comprehensive reporting is available to both retailers and suppliers throughout the process. VendorNet’s supplier collaboration technology for online stock purchasing, enables retailers and suppliers to make timely and intelligent business decisions to improve inventory levels and order fill rates, and provides a more accurate timeline for warehouse staff to prepare for incoming shipments.

Challenge	VendorNet Dropship Manager	Benefit
Manually Intensive Processes	Back end middleware integrated with retail e-commerce or order management systems	Eliminates manual processes, shipping and reprinting case labels, and eases challenges with time zone differences
Varying Levels of Supplier Sophistication	Browser-based or system-to-system file exchange to any supplier	Addresses all levels of supplier IT sophistication, delivering orders in supplier-defined file formats
Order Tracking and Visibility	Real-time web access to order details	Increases availability and accuracy of up-to-date order status, shipping, and invoice information
Warehouse Visibility to Incoming Shipments	Advanced shipment notifications	Pre-shipment alerts to warehouse staff and sku-level case labels for warehouse handling
Performance Monitoring	Comprehensive performance reporting and analysis	Tracks and measures supplier performance such as fill rates, exception handling, etc.
Vendor Compliance	Consistent compliance management tools including UCC-128 barcode labels	Built-in supplier management with compliance to industry standards
Revenue Recognition	3-way invoice matching	Automates invoicing and payment processes decreasing revenue recognition cycle
On-hand Inventory Versus Demand	Order visibility and warehouse integration	Improves inventory forecasting and lead-time assessment