Simplify Vendor Management & Purchase Orders for Smoke Shops
Store key vendor information and simplify re-ordering with Thrive by Shopventory
Your vendors, or suppliers, are the building blocks to your smoke and vape shop. Without proper vendor management, sustainable growth and success are hard to achieve.
Many vape shop owners don’t see the positive correlation between healthy vendor relationships and optimized inventory. However, it’s the key to managing stock decisions, purchase orders, and maximized profits.
What is Vendor Management?
Vendor management refers to maintaining relationships with the reps and businesses you purchase the products for your smoke shop from. You likely work with dozens, or even hundreds, of vendors, maybe from all over the world. Each has unique vendor contracts, pay rates, and reps that need to be managed with a vendor management system.
Why is Vendor Management Important for Smoke & Vape Shops?
Successful vendor management can mean finding the cheapest price for cartridges. However, it’s also about strengthening supplier relationships so you can make more informed decisions and automate processes like purchase orders.
Vendor Management Benefits
- Increase cost savings
- Improve product selection by working with a number of large and speciality 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 into which vendors are performing, and which aren't
- A central place to quickly view all your vendor information, eliminating messy spreadsheets
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 energy drinks from vendor A one week then vendor B the next if there are cost savings.
Automate Purchase Orders with Thrive
Receive new inventory quickly and easily with Thrive. Save hours each week by automating purchase order creation.
- Use barcode scanning to add products, reducing human error and saving time
- Automatically add products below PAR level
- Automatically add low inventory products that meet a custom Alerts
More Features to Automate Your Smoke Shop
Bulk Uploads
Tags
Vendor Reporting
Resources for Your Smoke Shop
Try Thrive 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.
