Some companies sell various products out of retail stores. This often means individually contacting each supplier about availability when products run out. This can make stock management an obstacle.
Retail managers have to take time out of their busy schedules to inquire about the stock available. Doing this takes away from their other daily tasks. Retail network management being automated gives managers time for other tasks. Supplier contact needs to be quick and easy.
Many companies would benefit from an easier alternative to manually reaching out and collecting this information. So how can retail businesses efficiently contact suppliers about product availability, without creating additional work for employees? SimplyCast introduces the idea of an automated inventory sourcing system. This digital solution was designed to help keep track of recalls and allow suppliers to easily respond to inquiries.
This solution leverages digital engagement technology to assists companies with recall tracking and connecting with suppliers. By sending accurate and personalized messages, businesses can improve their sales and get in contact with the right people. Handling this in a timely manner helps supply chains operate smoothly. This is a simple, completely adjustable solution with a simple 4 steps to operate.
How to Use the Automated Solution
SimplyCast’s Inventory Sourcing solution was created to streamline and automate the communication process for businesses and their suppliers, ensuring product is kept in stock and no miscommunications are caused. Having an easy way of contacting suppliers reduces the risk of lost sales, and gets the restock process in motion quickly. We have identified 4 key elements to the digital process.
Step 1- Supplier Database
The process begins with the company building a centralized supplier database. This may hold information such as the supplier’s name, contact details, and the specific products that they supply. It is important to keep this information updated to ensure the recall process runs correctly.
Step 2- Recall Message
Now that the database has been formed, recall messages can start to be created. There is an option to already have message templates ready to go when products run out, to save everyone time. These messages may include the supplier’s personal information, the specific product being requested, and the location of the store.
Step 3- Send Recall
Once the recall has been set up, you want to create your responder types. These are essentially the types of suppliers you need to contact. This allows limited responses based on the type of suppliers you need. Once this step is completed, the system can then trigger the recall and send out your messages. After the predetermined number of responders have confirmed product availability, another message will be sent out to officially end the recall.
Step 4- Reports and Responses
The final step, once the recall messages have been sent out, is to collect responses from recipients and review reports. These final reports will be generated automatically, and contain in-depth statistics that can help improve the process. They will allow you to view who responded to your message, the response details, and if there were any issues with delivery.
That’s the core of what it takes to create an inventory sourcing messaging system, and it’s only scratching the surface of what is possible when it comes to using digital technology to improve communication.
The SimplyCast platform is a no-code platform that allows anyone to build and edit their solution. As a result, this solution is fully customizable, it can be tweaked or altered to meet the exact needs of every institution.
We have you covered when it comes to scaling and security. SimplyCast is an ISO 27001:2013-certified company with data centers in the USA and Canada. This means we can assure you that your confidential data is safe on our secure server. The messages you transmit are completely encrypted.
Our platform has the capacity to send 100,000+ messages every hour and allows 10,000+ concurrent sessions. We can also acquire additional gateways and servers if you need them.
Most importantly, we have a 99.5% minimum uptime. With our solution, you can have feel more confident of your messaging.
Don’t wait! Our experts are ready to give you a one-on-one demo to explain how this solution works. Let them know you’re looking at OUC083, Inventory Sourcing when your demo begins.
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