This is where the power of the V Net differentiates itself from most third party software providers. Not only do we receive data from the retailers and create a platform where the vendors and retailers can collaborate looking at the same information. This is a great first step, but V Net goes the next step. We integrate into any retailers ERP system. Once we receive the data we do something far more powerful with it such as creating store level orders that are electronically transmitted to the retailer for approval and then to a DC, warehouse, direct to store or a cross dock facility. All this done seamlessly. Not only do we deliver this via the power of the inventory management solution, we also have highly trained inventory managers optimizing all sales opportunities and turning them into store level orders ready to be delivered.
All of a sudden our vendors go from a trading partner supplying product to a strategic partner managing the entire supply chain at the retailer level. Suddenly the touch points with the retailer extend, access to the buying team, access to demand planners, collaboration with the retailer looking at a true CPFR process.
Empowering the vendor who uses the information generated via the V Net solution leads to a collaborative approach to ranging. The highly automated functions within V Net make store grading far more flexible. Working with our inventory experts we then optimize this more micro level of store grading and create ranges more tailored to the consumer profile of the stores.