To meet consumers’ changing tastes and meet their growing demands profitably, it is important for retailers to leverage the power of a global business network. Leverage requires increased collaboration with business partners, such as consumer goods suppliers, beyond simple electronic data exchange into high-value, streamlined and controlled collaborative processes.
Retailers :
Increasing the reliability and accuracy of master data
Collaborate effectively with suppliers; help research, development and engineering teams reduce development times and design more innovative private label products
Improve customer service levels, reduce safety stock levels and increase full delivery by exchanging key supply chain information
Maximize the use of trading funds and increase promotional effectiveness by sharing promotional plans and forecasts with merchants
Creating a closed-loop promotion process
Increase efficiency, minimize errors, and take advantage of early payment discounts by exchanging purchase orders and invoices electronically