With Stratus Retail, you can source for new suppliers, browse their product catalogs, and easily import products, including descriptions/images. Product data is kept up-to-date at customized intervals, ensuring your vendor's newest products make it to your store shelves faster, while eliminating the need to manually enter products into the retail system.
Automate the reordering process for items with high turnover, generating POs based on predefined min/max stock levels to keep the necessary inventory on hand and ‘just in time’. Choose to approve POs, or automatically send them to suppliers through email or EDI. Forecast the necessary stock levels based on trends, seasons, top sellers, promotions and more.
Take advantage of your vendor’s full product line and offer many more products on your website. With live online vendor feeds, your supplier’s available inventory levels and current MSRP’s are automatically reflected on your E-Commerce website. From there, orders can be placed by your customers and drop shipped directly from the vendor.
Sell your vendors’ stock on your website, and allow your vendors to fulfill from their warehouse directly to your customers, using your shipping labels and company branding. You can also integrate with third-parties, such as Amazon, and sell your merchandise on their site while they fulfill the orders for you. And everything’s tracked in real-time!
Stratus Retail offers the tools retailers need to manage trade promotions. For example, a vendor may offer an incentive to encourage your sales staff to promote a new product. That incentive can be managed within Stratus Retail, and may help you move more products by offering further discounts to shoppers.
With Stratus Retail, you can communicate data to vendors via Electronic Data Interchange (EDI), making it easier to procure merchandise. You can define templates that map data to your vendors for purchase orders and invoices. Celerant integrates with SPS Commerce for larger retailers using many suppliers.
With advanced reporting tools and vendor scorecards, retailers can manage their vendors. You can track compliance issues, spot trends and monitor vendor performance to help you optimize the supply chain and maximize profit.