Supplier Management and Buying Datasheet
The retail industry has become an increasingly collaborative business. Thanks to technological advances, business partners that once had to operate in siloed work environments can now share information and work together in ways that were previously not possible. The relationships between retailers and suppliers are being transformed into true partnerships, with both parties benefiting from the increased visibility and just-in-time planning capabilities that collaboration provides.
Retailers are now able to take advantage of strategies such as investment buying, demand-based forecasting, and improved rebate condition management. They are also dramatically improving the efficiency of product information management and taking better advantage of supplier promotion opportunities. The result is optimized supplierrelationships and savings that make a direct contribution to the bottom line.