Simplify Vendor Management for Liquor Stores

Store Key Vendor Information in Shopventory, Not Your Head

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.

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.

 

What is Vendor Management?

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.

 

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 selection by working with a number of large and specialty vendors to shelve products 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

 

Coffee Shop POS Systems and E-Commerce Channels We Partner With

How to Have Strong Vendor Relationship Management
Vendor Management Best Practices
  • Align product sales and goals with your suppliers

  • Be open to strategic ideas from your vendors

  • Build meaningful relationships

  • Use an inventory management system, like Shopventory

Simplify Your Supply Chain
Vendor Management with Shopventory

Shopventory’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 Shopventory, easily assign the appropriate products and locations to each vendor, access vendor reporting, and begin automating purchase orders.

Additionally, Shopventory allows you to assign one product to multiple vendors. That means you can re-stock Bud Light from vendor A one week then vendor B the next if there are cost savings.

Bulk Uploads

Save time by uploading or editing key vendor information using our Google Sheets template. Bulk uploads streamline onboarding through an organized and efficient vendor management process.

Tags

Organize and search through your vendors using tags, such as "local" or "shipping discount."

Automate Purchase Orders

Simplify re-ordering by assigning a vendor's low stock products to a purchase order manually, by automatically adding products below PAR levels, or through barcode scanning.

Vendor Reporting

Gain visibility on what vendors are performing, and which aren't. Look at sales data so you can think twice before bringing in the bottle of Hawaiian Apple Wine your specialty rep is raving about. Also, vendor reporting is essential for negotiating successful contract terms.
Try Shopventory Free

Join Shopventory 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.

All Features Available During Your 30-Day Free Trial
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PLAN DETAILS
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PROFESSIONAL
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ELITE
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ENTERPRISE
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Locations / Integrations
2
5
10
20
Users
2
5
10
20
Products / Items / SKUs
Unlimited
Unlimited
Unlimited
Unlimited
Transactions Per Month
Unlimited*
Unlimited*
Unlimited*
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Order History
3 Years
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Reporting History
3 Years
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Global Currency Support
Dashboard Reporting App
Barcode Scanner App
Alexa Voice Command
Catalog / Menu Management
SKU Creation
Lot COGS Management
Custom Reporting Engine
Product Profitability Reports
Theft / Discount Reports
Inventory Change Reports
Dead Inventory Reports
Inventory Valuation Reports
Low Inventory Reports
Low Stock Alerts
Price Tag / Label Printing
Stocktakes and Approvals
Pricing Calculator
Modifiers Configuration
Modifiers Inventory Tracking
Expiration Dates
Vendor Management
Vendor Performance Reports
Warehouse Feature
Internal Transfers
PAR Levels
Automatic Purchase Orders
Kits & Bundles Management
Recipe / Ingredients Tracking
Spreadsheet Upload Tools
Invoicing
User Access Permissions
Barcode Scan Stocktakes
Barcode Scan Invoices
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Intelligent Stock Forecasting
Automatic Stock Transfers
Beta Feature Access
Google for Retail Integration
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