Trust. But Verify.
Maintaining appropriate assortments and meeting customer demand is a challenging assignment at every level. All stores have to be sure vendors deliver orders accurately, on time and in compliance with contractual agreements. In addition, national retailers need to be able to track variations in price points, promotions and product mixes at different locations. Failure to adequately manage any of these key components means potentially lost sales and leaving money on the vendor’s table that belongs in your pocket.
RedPrairie Vendor Management gives you the tools to monitor these and many other critical vendor functions. From order accuracy and contract compliance to overall vendor performance and rebates, Vendor Management ensures that all your requirements are being met.
Make Your Vendors More Accurate and Your Bottom Line Healthier
RedPrairie Vendor Management is a versatile solution that provides controls to monitor order integrity as well as the flexibility to accommodate differences in regional pricing and promotions. With Vendor Management you can:
- Enforce contract compliance and monitor order accuracy by automatically reconciling purchase prices and quantities with orders and receipts
- Flag product and pricing exceptions for inventory adjustments, credits and item cost changes or corporate follow-up
- Establish local contracts as a franchisee
- Track and manage promotional pricing for a single store or groups of stores
- Monitor rebate program totals (by volume or sales) and automatically request vendor reimbursements or rewards
- Track vendor performance via overall order accuracy, record of on-time delivery, etc.
Vendor Management gives you the control and flexibility to improve margins, cost management and contract compliance. So let RedPrairie’s automated functionality help ensure that you get exactly what you pay for.