Simplify Vendor Management for Liquor Stores
Store key vendor information in Thrive by Shopventory, not your head
What Is Vendor Management
Your vendors, or suppliers, are the foundation to your liquor store. Your domestic beer suppliers ensure you appeal to a wide audience, while your local liquor rep might help you expand into a new niche with Agave Vodka. Without proper vendor management, sustainable growth and success are hard to manage.
Vendor management simply refers to managing relationships with the reps and businesses you purchase the products for your liquor store from. You likely work with dozens, or possibly hundreds, of vendors. Each has unique vendor contracts, pay rates, and reps that need to be managed with a vendor management system.
For many liquor store owners, vendor relationships are a burden instead of part of their growth strategy. However, it’s essential in order to optimize your inventory and maximize profits.
Why Is Vendor Management Important?
While successful vendor management can mean finding the cheapest price for a case of wine, it’s also about strengthening supplier relationships so you can make more informed decisions.
Vendor Management Benefits
- Increase cost savings
- Improve product select by working with a number of large and specialty vendors that fit your customers' needs
- Minimize supply chain disruption through strong relationships
- Simplify supplier onboarding with a vendor management system
- Stronger contract negotiation with access to vendor performance reporting
- Insight on which vendors are performing, and which aren't
- A central place to quickly view all your vendor information, eliminating messy spreadsheets
Liquor Store POS Systems and E-Commerce Channels We Partner With
Vendor Management With Thrive
Thrive’s vendor management software organizes all your vendor information in our secure platform so you don’t have to purchase additional, costly third-party apps. Access the vendor information you need, eliminating that pile of business cards or half-filled out spreadsheet templates.
Store a supplier’s contact information, address, average shipping days, notes for internal use, and more. Once your vendors are in Thrive, easily assign the appropriate products and locations to each vendor, access vendor reporting, and begin automating purchase orders. Additionally, Thrive allows you to assign one product to multiple vendors. That means you can re-stock beer from vendor A one week then vendor B the next if there are cost savings.
Bulk Uploads
Automate Purchase Orders
Tags
Vendor Reporting
Why Liquor Stores Choose Thrive
Try Thrive Liquor Store Vendor Management For Free
Join Thrive and start saving on average 1 hour per day per location. Get advanced features such as custom reporting, barcode scanning, automatic purchase orders, price tag printing and more.
