www.spscommerce.com
Open in
urlscan Pro
2a04:4e42::645
Public Scan
Submitted URL: https://hello.spscommerce.com/api/mailings/click/PMRGSZBCHIYTIOBVGU4TSLBCOVZGYIR2EJUHI5DQOM5C6L3XO53S443QONRW63LNMVZGGZJOMNXW2...
Effective URL: https://www.spscommerce.com/blog/inventory-management-supplier-data-spsa/?utm_source=outreach&utm_medium=email&utm_campaign=...
Submission: On July 21 via api from US — Scanned from DE
Effective URL: https://www.spscommerce.com/blog/inventory-management-supplier-data-spsa/?utm_source=outreach&utm_medium=email&utm_campaign=...
Submission: On July 21 via api from US — Scanned from DE
Form analysis
0 forms found in the DOMText Content
* Products * Products * FulfillmentGain EDI capability, attain EDI compliance, connect systems and onboard trading partners * AssortmentComprehensive solution for complete and accurate product information across all channels * CommunityTrust your trading partner community maintenance and onboarding process to the experts * Order CentralSimplify how you create and manage digital orders across all your channels and suppliers * Products * AnalyticsTurn data into meaningful insights to win across all sales channels * 3PLs and LogisticsStandardize and automate customer communications for easy, streamlined operations * EDI Testing and CertificationMeet the compliance requirements of your trading partners and customers * Resources * EDI 101 * Retailer & Trading Partner List * Request a Sales Demo * Support * Partners * Partners * Find a Retail PartnerSearch the largest retail network to find your next partner connection * Find a Business PartnerSystems that work better when technology providers collaborate * Partners * View All EDI IntegrationsPre-built solutions to integrate EDI with over 100 ERP, WMS and other systems * View Partner DirectoryView current SPS Commerce Partners * Contact * Request a Sales Demo * Support * Customer Success * Resources * Resources * BlogRetail and supply chain news, valuable resources, expert tips and more * Resource CenterA virtual library of retail and supply chain industry research, case studies and more * Business NeedsWhat business problems are you facing? SPS Commerce can help * Retail Supply Chain 101Find the answers to common supply chain data problems that affect companies like yours * Resources * EDI 101: What is EDILearn what EDI is and how it’s used in the retail industry and supply chain * EDI TransactionsCommon documents and transactions supported and automated with EDI * What is Retail AnalyticsLearn what retail analytics is and how it’s used in the retail industry * API DevelopmentLearn how to build, implement, and manage your retail network API services with SPS Dev Center * Contact * Request a Sales Demo * Support * Customer Success * Company * Company * About SPS CommerceThe industry’s most broadly adopted retail cloud services platform * SPS LeadershipRead our SPS Commerce leadership team bios and see their latest insights. * Investor RelationsInvestor news and events, financial information and corporate governance * Events & TradeshowsMeet SPS Commerce experts in person to discuss your challenges and opportunities * Company * CareersOur growth is your opportunity – be a part of the SPS story * Corporate ResponsibilitySPS makes a positive impact in our global communities. * Office LocationsA global presence with localized support for your convenience * WebinarsView webinars featuring conversations with retail professionals, best practices in EDI, and more * Contact * Support * Training Center * Current Customer * Current Customer * Customer SupportNeed help? SPS Commerce support is available via chat, phone or email. * LoginLogin to your SPS products like Fulfillment, Assortment & Analytics. * Payment PortalView your invoices and make payments through VersaPay portal. * Current Customer * Training CenterOn-demand learning with an ever-expanding library of training content. * Dev CenterLogin to Dev Center to authenticate your API map. * SPS ConnectInterested in becoming an SPS customer reference? Find out more. * Search * Login * Contact Featured * * * * Products * Products * Fulfillment * Analytics * Assortment * 3PLs and Logistics * EDI Testing & Certification * Community * Order Central * Resources * EDI 101 * Retailer & Trading Partner List * Request a Sales Demo * Support * Partners * Partners * Find a Retail Partner * View All EDI Integrations * Find a Business Partner * View Partner Directory * Contact * Request a Sales Demo * Support * Customer Success * Resources * Resources * Blog * Resource Center * EDI 101: What is EDI * EDI Transactions * Business Needs * What is Retail Analytics * Retail Supply Chain 101 * Contact * Request a Sales Demo * Support * Customer Success * Company * Company * About SPS Commerce * Corporate Responsibility * SPS Leadership * Investor Relations * Careers * Office Locations * Events & Tradeshows * Webinars * Contact * Support * Training Center * Current Customer * Current Customer * Customer Support * Training Center * Login * Payment Portal * Dev Center * SPS Connect * Search Login Contact SPS * Facebook * Twitter * LinkedIn BETTER INVENTORY MANAGEMENT STARTS WITH ACCURATE SUPPLIER DATA by Scott Bolduc | Jan 29, 2020 | Distributors, Inventory Management, Retailers Each year, retailers and distributors reflect on what went well and what they want to improve the upcoming year and beyond. Virtually all buying organizations I talk to have one thing in common: they don’t have the accurate supplier data needed for effective management of their orders. The lack of information leads to a host of problems that cost buying organizations time and money, such as ordering excess safety stock and hiring unnecessary staff. However, despite these issues, most organizations don’t even realize they have a problem or that a better inventory management process can solve it. COST SAVINGS, INVENTORY VISIBILITY & MORE For example, I recently worked with a $10+ billion distributor with the potential for saving $30 million per year by getting data from more of their suppliers as well as exchanging more complete data with suppliers already sharing information. In addition to reducing hard costs, accurate supplier data could lead to significant soft dollar savings in inventory management, warehouse management and other areas of the business. Yet in our initial discussions, the distributor’s supply chain team felt everything was running smoothly. They weren’t aware that working with suppliers to send critical supply chain information like purchase order acknowledgments, advance ship notices and warehouse EDI transactions could benefit them. Here are some of the challenges they faced and how accurate supplier data could help. LIMITED SHIPMENT DATA CREATES CHALLENGES IN THE WAREHOUSE This distributor didn’t have a clear picture of what goods were coming into their distribution centers or when. In addition to not knowing what would be included in a shipment, they also didn’t know when an item would not be shipped on time or would be back-ordered. Suppliers’ use of advance ship notices (ASNs) was inconsistent. Although the ASN typically matched the physical receipt, deliveries often represented partial orders, which flagged nearly every shipment as incomplete and created a need for further audit. Conducting frequent audits and breaking down boxes was time-consuming, slowing down the process of getting goods ready for sale. More consistent data from suppliers, such as ASNs and warehouse EDI transactions, would have significant benefits such as: * More effective planning for supplier deliveries in the warehouse * Reduced need for audits * More proactive planning and expedited ordering to meet demand when shipments would be late or incomplete POOR ORDER VISIBILITY LEADS TO ISSUES FOR THE INVENTORY MANAGEMENT TEAM Order changes are common for all retailers and distributors, and this distributor was no exception. Whenever there was a change to an order, the team would fax, call or email suppliers. This required a staff of 25 people, spending 2 hours a day handling changes. Requiring suppliers to electronically acknowledge orders and changes would allow this distributor to: * Manage orders more proactively * Improve inventory visibility and reduce safety stock * Use open-to-buy dollars more effectively ACCOUNTS PAYABLE RELIES ON MANUAL P.O-TO-INVOICE PROCESS A significant portion of this distributor’s invoices was entered manually, requiring two full-time staff members to manage the process. In addition, all credits were managed manually. Because suppliers received electronic invoices but did not send other types of data electronically such as purchase order acknowledgments, it was impossible to automatically reconcile orders, shipments, and payments through three-way matching. By automating this data exchange, the organization could: * Reduce invoice processing costs and staffing needed for reconciliation * Reduce data entry errors * Process invoices faster to take advantage of payment discounts SMALL CHANGES WITH SUPPLIERS RESULT IN BIG SAVINGS Partnering with suppliers to automate the order cycle can save companies $120-$150 per order. For this distributor, a fully optimized supply chain has the potential to improve its operating profits by 5 percent: a total of $30 million annually. But the benefits of getting more consistent, accurate and timely supplier data go well beyond hard dollar savings. If you’re interested in how getting accurate supplier data can help your organization, especially when it comes to better inventory management processes, visit our website or click here to speak to one of our retail supply chain experts. ELEVATE YOUR DATA EFFICIENCY AND EFFECTIVENESS Gain the insights you need to sell the right product, in the right place, at the right time with SPS Analytics. WHAT ABOUT FORECASTING VIEW SPS ANALYTICS * Author * Recent Posts Scott Bolduc Customer Strategist Director at SPS Commerce Scott Bolduc is a multi-time winner of the Supply & Demand Chain Executive Pros to Know. He has worked with e-commerce retailers on their growth strategies and helped retailers transform their freight spending strategies to maximize efficiencies. Latest posts by Scott Bolduc (see all) * Test new products online before stocking at retail stores - February 2, 2023 * What is Advanced Shipping Notice (ASN) in Shipping? - December 28, 2022 * Automated PO match eases the payment process for retailers - November 30, 2022 * Popular * Recent * TRADING PARTNER ONBOARDING AND DISCOVERY FOR RETAILERS Order Management, Retailers, Vendor Management * HOW TO IMPLEMENT JUST-IN-TIME INVENTORY Retailers * WHAT IS ADVANCED SHIPPING NOTICE (ASN) IN SHIPPING? Distributors, Order Fulfillment, Suppliers * HOW PURCHASE ORDER ACKNOWLEDGEMENTS CAN TRANSFORM YOUR SUPPLY CHAIN Retailers, Suppliers * HOW TO PREPARE FOR DROP SHIPPING VS. ORDER FULFILLMENT FROM A WAREHOUSE Omnichannel, Order Fulfillment, Order Management, Suppliers * EDI 214: HOW TO IMPROVE SHIPPING USING THE TRANSPORTATION CARRIER SHIPMENT STATUS MESSAGE 3PLs, Retailers, Suppliers * STREAMLINE OPERATIONS WITH SPS COMMERCE FOR QUICKBOOKS Order Management, Partners, Suppliers * OPTIMIZING RETAIL ORDER MANAGEMENT REQUIRES DATA-DRIVEN INSIGHTS Data Management, Order Fulfillment, Order Management, Retailers * SHOULD I HAVE AN INVENTORY PLAN? Inventory Management, Order Management, Retailers, Suppliers * REVITALIZE YOUR SUPPLY CHAIN Order Fulfillment, Suppliers * SPS COMMERCE CELEBRATES 10 YEARS OF PARTNERSHIP WITH IWLA 3PLs, Partners * WHAT YOU NEED TO KNOW ABOUT MICRO FULFILLMENT CENTERS Order Fulfillment, Suppliers GET MONTHLY UPDATES DELIVERED TO YOUR INBOX. Never miss an update from the SPS blog! Receive retail and supply chain news, valuable resources, expert tips and more. RELATED POSTS * WHAT IS ADVANCED SHIPPING NOTICE (ASN... * OPTIMIZING THE RETAIL SPECIAL ORDER S... * SAVE BIG MONEY WITH ORDER AUTOMATION Contact Sales * Company * About SPS * SPS Leadership * Investor Relations * Corporate Responsibility * Blog * Developers * Contact * Support * Sales Demo * Office Locations * Careers * Resources * EDI 101 * View Our Products * Systems * Retailer & Trading Partner List * Resource Center * Events & Tradeshows * Training Center * EDI Documents * Products * Find an EDI Solution * Optimize Supply Chain * Leverage Retail Data * Easily Share Product Information * Test EDI Compliance * Find New Systems or Partners * Legal * Privacy Policy * Terms of Use * Security * Trademark Notice Language * English * * * * * * © 2023 SPS Commerce, Inc. * Company * Contact * Resources * Privacy Policy * Terms of Use Language * English * * * * * * © 2023 SPS Commerce, Inc. To improve user experience, SPS Commerce uses cookies to collect data to optimize site functionality, deliver tailored content, and provide secure authentication capabilities. By clicking the ‘Ok’ button, you acknowledge and are accepting cookies and may proceed your use of this website. You may also select Learn More to visit our Privacy Policy. Ok OOPS… SOMETHING’S NOT RIGHT Looks like you missed clicking on the Google reCAPTCHA, no problem! All you need to do is close this pop-up and click the box next to I’m not a robot. Makes Sense! Close GDPR Cookie Settings * Privacy Overview * Strictly Necessary Cookies Powered by GDPR Cookie Compliance Privacy Overview This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Strictly Necessary Cookies Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Enable or Disable Cookies If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again. Enable All Save Changes