Whitepaper

Moving To a Single Stock Pool for All Channels

Whitepaper

Moving To a Single Stock Pool for All Channels

Store. Click-and-collect. eStore. Pop-up Retail. With each channel having its own stock-pool, you invest a large part of your capital on maintaining inventory, yet suffer stock-outs at the same time. The single stock pool solves this dilemma with one source servicing all retail channels.

Distributing inventory for all channels from the same warehouse allows you to maintain minimum merchandise and have fewer stock-outs. This will lead to more savings and easier fulfilment by virtue of real-time view of all the stock held by the enterprise.

This whitepaper delves into the concept of the single stock pool, the support system required to run, specific business processes altered and how you can take advantage of such a concept.

iVend Retail provides enhanced merchandise management with a holistic view of retail stock and its movement across all channels. With real-time visibility of merchandise, your single stock pool also helps you to provide consistently great customer service, regardless of channel preference. Whether it is building stocks for special events, holding clearance sales, or weekly promotions, the single stock pool handles all.

As the retail industry develops, it is recognising that the most efficient form of operation is to service all channels from a single stock pool. Download iVend Retail’s whitepaper ‘Moving To a Single Stock Pool for All Channels’.

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Testimonials

Here’s what our happy customers had to say about us:

Our staff have commented on how easy the iVend system was to learn and to operate – it has helped to alleviate the “human errors” that we have had experienced in the past. Good features in iVend are the ability to easily look at other store and main warehouse stock levels in real time, integrated eftpos has been great, gift voucher processing is easy and transparent and we have now just implemented Lay-By.

Fran Burke, Business Manager, Burke Marine

As an own brand retail organisation disruption in the sales process in our flagship stores was one of our biggest fears. We took a lot of time to analyse our needs and finding the right retail solutions for Oscar Jacobson. The decision to migrate to the sophisticated iVend omnichannel Solution together with our implementation partner Retail Store Scandinavia and the iVend team has proven to be a success. The upgrade has been done smoothly to the new system and in a short timeframe.

Eremasi Matanatabu, Chief Operating Officer, Oscar Jacobson

We implemented iVend Retail alongside SAP Business One to address a total lack of inventory information. As a result, we gained inventory visibility that allows us to educate customers on product quality, view sales every day at each store in real-time and track our best performing stores. Most importantly, we can open new stores with the right materials and staffing in record time.

David Miller, CEO & President, Goodwill Industries of San Joaquin Valley