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Today’s connected shopper expects to have an endless aisle of products available online. But keeping your site “stocked” takes more than just adding new pictures and descriptions. You need your suppliers to meet a list of other requirements, such as drop-ship fulfillment. SPS Commerce can simplify your process for sourcing new partners. Start by reading our e-book, “Stocking an Endless Aisle: Conquering Omnichannel With Smarter Partnerships.”
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1 STOCKING AN ENDLESS AISLECONQUERING OMNICHANNEL WITH SMARTER PARTNERSHIPS
INFINITE RETAIL POWERTM
INFINITE RETAIL POWER™
Omnichannel Has Changed Everything . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Consumers Are Driving New Sourcing Strategies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Finding the Right Product Is Just the First Step . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Suppliers Must Deliver More Than Ever Before . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
It Is Harder Than Ever for Suppliers to Get Noticed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Finding the Right Fit in an Omnichannel World . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Online Communities Connect Retailers and Suppliers Quickly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Retail Universe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Retailers Can Develop the Right Relationships, Fast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Suppliers Can Highlight Their Competitive Advantage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Are You Ready to Stock an Endless Aisle? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
TABLE OF CONTENTS
This e-book is published by SPS Commerce, a leader in enterprise retail cloud services .
Find more resources at www.spscommerce.com
@sps_commerce
2 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
In-store
Online
OMNICHANNEL HAS CHANGED EVERYTHING
SupplierB
SupplierA
SupplierC
R E T A I L E R
In a world where connected consumers expect to shop an endless aisle of options, retailers and suppliers are under pressure to deliver.
Mobile
3 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
C O N S U M E R S A R E D R I V I N G
NEW SOURCING STRATEGIES
1 . RSR Research Report, 2011 .
Consumers’ preferences are changing so fast that retailers and their suppliers must surround their consumers with an endless aisle of product choices.1
TOP
forRETAILERS
PRIORITY
4 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
> The tedious, manual search for a new supplier can take months of back-and-forth and lost sales
> Suppliers must possess new skill sets to help their retail partners navigate the increased complexity
WHEN SOURCING FOR AN OMNICHANNEL WORLD,F I N D I N G T H E R I G H T P R O D U C T I S J U S T T H E F I R S T S T E P
5 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
T O L A N D P R O F I TA B L E R E L AT I O N S H I P S W I T H N E W R E TA I L E R S,
SUPPLIERS MUST DELIVER MORE THAN EVER BEFORE
Rich item data, high-quality digital assets
EDI compliance
Live inventory feeds
Direct-to-consumer capabilities
Up-to-the-minute product updates
6 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
EVEN IF SUPPLIERS CAN MEET RETAILER DEMANDS, THEY MUST STAND OUT AMONG HUNDREDS
OF OTHER VENDORS.
I T I S H A R D E R T H A N E V E R F O R S U P P L I E R S
TO GET NOTICED
7 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
I N A N O M N I C H A N N E L W O R L D ,
FINDING THE RIGHT FIT REQUIRES:
A SOURCING MODEL THAT ELIMINATES
MANUAL BACK- AND-FORTH
REAL-TIME SOURCING DECISIONS
AN INSTANT VIEW OF SUPPLIER
PRODUCTS AND CAPABILITIES
SO RETA ILE RS C A N SC A LE TH E E N DLE SS A ISLE FA STE R .
8 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
O N L I N E C O M M U N I T I E S C O N N E C T
RETAILERS AND SUPPLIERS QUICKLY
Make sourcing more efficient because suppliers are already vetted
for specific capabilities
Give retailers access to accurate, thorough details on a universe of qualified suppliers
Provide suppliers with a platform to tout their capabilities
RETAILERS SUPPLIERS
9 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
RETAIL UNIVERSE
> The largest retail sourcing community in the industry
> Instantly connects retailers and suppliers electronically so they can take advantage of omnichannel growth
10 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
R E TA I L E R S C A N D E V E L O P
THE RIGHT RELATIONSHIPS, FAST
> Search and find e-commerce-ready suppliers with the specific capabilities and products retailers need
11 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
S U P P L I E R S C A N H I G H L I G H T
THEIR COMPETITIVE ADVANTAGE
> Promote products and e-commerce abilities
> Showcase drop-shipping and EDI capabilities
> Share the item data and digital assets retailers demand
12 . Stocking an Endless Aisle
INFINITE RETAIL POWER™
FIND MORE PROFITABLETRADING PARTNERRELATIONSHIPS AND SUCCEED IN AN OMNICHANNEL WORLD
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Discover your next trading partner at go.spscommerce.com/ebook
A R E Y O U R E A D Y
TO STOCK AN ENDLESS AISLE?