Achieve a seamless order management process
When you struggle to create and manage orders across suppliers, you’re forced into responding reactively when problems arise. Instead, with a complete picture on the status of all your orders, you can make proactive decisions that will satisfy consumers and enable you to manage inventory efficiently.
Common order management challenges
Many buying organizations lack critical data from their suppliers, making it difficult to understand the status of their orders. As a result, they can’t respond to any issues with an order until it’s too late.
A lack of critical data on order status can cost time and money, resulting in:
Unused open-to-buy dollars
Unpredictable lead times
Inability to optimize stock levels
Unnecessary staffing expenses for contacting suppliers and managing order updates
Empty shelves and dissatisfied consumers
Optimize omnichannel order fulfillment
We implement processes with buying organizations and their suppliers to facilitate consistent, accurate and timely data exchange, providing visibility at every step in the order lifecycle. Our solution provides order and fulfillment processes, insights sharing and digital item information management and analytics – implemented and adopted across 98% of your supply chain volume.
Order Visibility
Make confident day-to-day decisions about products purchased, order status and inventory levels.
- Prioritize orders that need attention or updates
- Adapt for partial fill, split or late orders
- Shift unused open-to-buy dollars
- Prepare the distribution center for receiving orders
- Quickly reconcile and pay invoices
- Validate data flow
Order Performance
Understand how your trading partners are performing against key supply chain metrics and drive accountability.
- Track key metrics, such as fill rates, shipment timeliness and EDI compliance
- Drill down into individual supplier performance
- Measure the impact of supply chain initiatives over time
- Source and replace suppliers who can’t deliver
%
Automated order volume
%
Inventory reduction potential
%
Reduction of time spent managing orders
We know when an order will be delivered and if it shipped in full. We know if and when we would run out of stock. We can set consumer expectations. And we know when the stock situation would recover.
– Procurement Manager, Thrive Market