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We provide each participating supplier with a user name and password so that they, upon logging onto their homepage, can look up sales figures, check inventory, and settle accounts online. There is no longer any need to waste time and money plodding through the byzantine retail settlement process. The result of the elimination of countless trips to the retailer settlement office and inaccurate inventory controls is greater efficiency, reduced payroll costs, and better protection against systematic abuse or error.
Manufacturers and suppliers, automated by our e-business platform,are provided with sales figures, inventories, supply chain system surveys, and automated ordering over the Internet, in place of less efficient, outdated methods such as the telephone or fax ordering.
At the same time, managers will use the system to plan production and materials according to market conditions; or they can combine future profit targets with consumer feedback from the retailers in order to put innovative products on the market with up-to-the-minute, well informed strategic planning.
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