Transcript
Page 1: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

By Angela Cox

Page 2: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

Omni Channel Retail Distribution Channels

.COM – Order fulfillment location that fills orders from multiple sources Orders can be received from:

• Website

• Mobile site

• In store out-of-stock orders

Brick and Mortar Store – Physical retail locations where customers may make purchases

Page 3: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

Ways to Meet Omni Channel Retail Challenges

Whether orders are generated from mobile devices, brick and mortar stores or from other means, it is critical that the products supplied by vendors meet the needs of omni channel retailers. Here are some common ways to meet these challenges: • Publish same UPC/PID/Color for all channels • Vendors should not provide unique PID per color • Vendors should provide same common selling packs across all

channels • Vendors should not merge separate sizes/ranges in packs for each

channel • Same sales rep for brick and mortar and online sales • Keep retailer up to date on GS1 • Common consignment strategy for all channels

Page 4: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

Develop a Strategy Early to Optimize Your Vendor Relationship

Leverage Your Inventory

Engage Vendors to Meet Omni Channel Challenges

Page 5: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

Consistency in Sales Reps Across Channels

1 Sales Representatives

• SR should be same for both channels

• Ensures UPCs and Product IDs are consistent

across channels

• Provides a more direct and focused product

strategy

Page 6: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

Vendor-Retailer Communication is Critical

2 Communication

• Communicate new/ updated product information to

necessary outlets

• Example: GS1 ID – parent groupings for UPC/ PID codes –

items cannot be found without these groupings

• Update these frequently for ease of use for both .COM

and in-store reps

Page 7: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

Consistent Consignment Management Strategy

3 Consignment Management

• Keep consignment strategy consistent across all

channels for given UPC or Product ID

• Pay as sold

• Pay upon receipt of shipment

• Determine this strategy for each product before

acquisition

Page 8: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

Consistent Item Codes

4 Product ID/ UPC/ Color Codes

• These item codes must be consistent for both

.COM and in-store

• Allows for easier inventory searching if item is

out of stock in initial channel

• If these item codes were inconsistent between

channels sale opportunities will be lost

Page 9: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

Product ID is Critical

5 PID/ Product Color Combinations

• Keep all colors of the same style under the same

Product ID

• Example: Shirt style U1358 – shirt is black – customer

wants shirt in blue style U1355

• it would be more difficult to search for if Product ID

varies

Page 10: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

Consistent Size Run Packaging

6 Size Run Packaging

• Package size runs should be the same across both

channels

• Example: In Store Men’s polo size S-L – style number

P59875, .COM size S – style P59875

• If searching for size small in store due to .COM out of

stock inventory visibility is lacking due to multiple

sizes with same style #. The store associate will not

be able to locate size small.

Page 11: How to Ensure Vendor Conformance to Meet Omni Channel Retail Needs

Ensure Common Selling Packs

7 Common Selling Packs

• .COM and stores should have comparable selling

packs for all items

• Ensures order fulfillment will be accurate regardless

of retail channel

• Example: 3 pack of tank tops out of stock in-store

needs to be fulfilled by the .COM where the tank tops

are packaged in a 4 pack. The order will be incorrect if

fulfilled with this alternative and value will be lost by

retailer.


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