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.
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|