With thousands of vendors across the globe (and new ones added every other day), new product launches, promotions, inventory and changing customer demands, it is indeed tough for the modern retailer to find the time to stay competitive. With Vendor Link from Manthan Systems, you have real time information and visibility into your comprehensive procurement-to-pay cycle and supplier processes. On one single platform. With the entire process streamlined, there're no misunderstandings or back-tracking and hence no wastage of time. Vendor Link also allows your suppliers visibility into availability of fixtures at your store as well as information on merchandising and promotional plans. This helps you co-strategize with your vendors leading to better promotions and therefore, improved customer loyalty and profits.
- Effective category management
- Comparative product scorecard
- Optimization of space revenue
- Vendor score-carding
- Vendor sourcing and optimization
- Visibility of PO invoice matching
- Visibility of accounts payable
- Optimized working capital
- Efficient warehouse space optimization
- Minimizing logistics costs
Benefits to suppliers
- Faster new product introduction
- Joint business planning (with planograms, OTB, sales plans etc.)
- Creating category strategies and planning category management
- Submission, review and approval of documents
- Simplified new vendor registration
- Enables latest updates on business processes, systems and procedures
Vendor Link components
Vendor collaboration: Vendor Collaboration helps you collaborate seamlessly with your extended vendor network at every critical point in the supply chain journey. It enables process management and streamlines the entire procure-to-pay lifecycle. Rise above short term considerations of best prices, deals and quicker fill-rates and start leveraging strategic partnerships for customer-focused products, improved promotional support and targeted campaigns with the three Vendor Collaboration components – Vendor Introduction, Vendor Agreements and Vendor Scorecard.
Effective merchandising is the first step to process efficiency and higher profit margins. This calls for proper positioning of new product launches; introduction and promotion of products to increase sales; quick price and cost amendments and timely delisting of products. Rapid Merchandiser assists retailers in sharing merchandising and promotional plans with suppliers, in better understanding consumers and in improved collaboration on strategy development with New Product Introduction, Fixtures Hire and Promotions.
Financial processes between retailers and suppliers require visibility and accuracy, which is often lost when managed the traditional, manual way. And every minute lost, reflects directly on the bottom-line. Book Keeper allows for communication and sharing of information with vendors successfully, without the confusion of duplication of invoices or missing payment details. Book Keeper automates finance processes and makes all transactions visible with three components – Purchase Orders, Invoice Matching and Return to Vendor.
Vendor Link brings both vendors and retailers the ability to execute a number of strategies that will lead to benefits on both sides. Both vendors and retailers can execute joint business plans, promotions and customer campaigns on a single platform. Joint business planning gives both parties visibility in the sales process and the ability to equate profits and damages. Retailers can also push bulletins and promotions from a single dashboard, while being assured that their vendors will be informed of the same and can act on them instantly.