Effective Strategies for Omnichannel
Scan-Based Trading is a commerce model where the supplier owns the inventory until it sells at the point of sale, and it’s the fastest growing trend within the retail supply chain.
Why would retailers be interested in scan-based trading?
- Shorter cash-conversion cycles
- Test experimental product categories
- Reduces workload
- Large decrease in resource requirements
Why would vendors be interested in scan-based trading?
- Faster payment with EFT
- Increased cash flow
- Have more retailers offer your products more easily
What do you need to succeed with SBT?
- Technology integration & data-management
- B2B trust between retailer & vendor
- Changed head-office & store processes
- Inventory financing