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VendorNet debuts StoreNet Live

12 Jan '10
5 min read

Gardner adds, "From our experience, exposing store inventory online can increase top line sales by as much as 25 to 50 percent, truly allowing retailers to cash in on cross-channel fulfillment. With 68% of consumers comparing prices online before shopping in a physical store and 58% locating items online before going to a store, as Gartner Group reported, it is imperative that retailers expose and sell their store inventory online, and also make the fulfillment process as flexible and seamless for the consumer as possible."

StoreNet Live represents a major next step for retailers that are embracing a cross-channel strategy. It acts as middleware between existing e-commerce, warehouse, and retail inventory systems, exposes inventory levels from all saleable locations, routes orders to the best inventory source for fulfillment based on a configurable rules-based engine, and delivers the tools at the fulfillment locations to streamline the pick, pack, and ship process.

Features include:
• Intelligent routing of e-commerce orders to the 'best' store to fulfill Ship-from-Store orders based on:

o Store Availability
o Item Safety Stock Levels
o Inventory Discrepancy Tracking
o Store Proximity to Customers
o Store Preference Settings
o Store Minimum/Maximum Order Settings
o Split Shipment Rules
o Expedite Shipment Rules
o Sell-through and Overstock Inventory Levels

• Flexible user interface to modify store allocation business rules on the fly
• Immediate routing to target stores for Pick-up-in-Store orders
• Logical pick lists and integrated pack slip and shipping label documents for stores
• Customizable receipts for Pick-up-in-Store
• Automatic re-routing of Ship-from-Store orders when a store reports unavailable inventory
• Real-time communication to the host system and customers when inventory is picked or not picked by the store for Pick-up-in-Store orders
• Intelligent tracking of inventory discrepancies by store to minimize overselling, order re-routing, and cancels
• Shipping carrier integration for manifesting and pick-up confirmations
• Executive dashboard reporting and analysis for managing and measuring the e-commerce cross-channel fulfillment process

Key Benefits include:
• Captures lost sales by eliminating channel-specific inventory
• Leverages corporate-wide inventory and increases product availability to consumers independent of the shopping channel
• Improves the customer experience by expanding product selection and availability as well as fulfillment options (i.e., Pick-up-in-Store and Ship-from-Store)
• Extends selling windows during peak periods, and enables the sale of store merchandise 24x7, 365 days per year
• Facilitates sell through of end-of-season merchandise at non-discounted prices
• Improves inventory forecasting by capturing better product demand data
• Minimizes shipping transit time and shipping charges to customers by shipping orders from the closest store, and/or allowing customers to Pick-up-in-Store

VendorNet will be demonstrating StoreNet Live's Ship-from-Store/Pick-up-in-Store technology at booth #2514 at the NRF Annual Convention and Expo. Be sure to stop by and find out why retailers including Jones Apparel Group and CompUSA selected VendorNet to drive their cross-channel fulfillment strategy.

VendorNet

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Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
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