Simplify Retail Supply Chain Management
Increase inventory control across your entire supply chain with order management and fulfillment tools that put customer satisfaction first.
Keep A Healthy Retail Supply Chain
Your inventory is your retail store’s biggest asset, which means you need a system you can rely on to reduce stockouts, order the right products, and meet customer demand. Retail supply chain management means tracking inventory from purchase orders to your customer’s hands. For a healthy supply chain your retail store needs order management and receiving processes.
How To Build A Resilient Supply Chain
Supply chain inventory management is all about logistics. Don’t let that scare you off though, luckily that means you can put automation in place to keep everything running smoothly, even in a fast-paced environment.
Optimize inventory costs
The inventory sitting on your shelves and back office costs you every day that it does not sell. Look at your sales data and inventory storage and identify dead stock so you can place them on sale and invest that profit in more popular products.
Set minimum and maximum levels
Control the amount of stock you carry for each product so it’s not wasting storage space but you’re not subject to stockouts. Use Thrive’s demand forecasting to make sure your levels are on target or to adjust them as the seasons change.
Vendor management
The key to successful supply chain management is strong vendor relations. Keep track of contract and order fulfillment terms in your inventory management system so you know when to place your next purchase order.
Order management
With so many moving parts you need an inventory system that centralizes order management. Look for one that tracks purchase orders and updates stock levels when receiving your order for real time visibility.
Who We Partner With
Thrive's Retail Supply Chain Management System
Keep your shelves stocked with the products your customers are excited for with tools that make ordering at scale easy. Thrive removes the guesswork from your stock management strategy with the insights, alerts, and forecasting you need to power a healthy business.
Reporting
Alerts & Min/Max Levels
Vendors
Purchase Orders
Why Retail Businesses Choose Thrive Supply Chain Management
Try Retail Supply Chain Management For Free
Join Thrive and start saving on average 1 hour per day per channel. Get advanced reporting, centralized catalog management, internal transfers, and more.
