Omnichannel commerce provider Lightspeed has launched the Lightspeed Supplier Network for North American retailers. The fully integrated stock ordering solution aims to improve supply chain management for SMBs by giving them greater strategic inventory visibility.
The Lightspeed Supplier Network offers direct integration between businesses and brands, with the goal of providing retailers with an automatically updating supplier catalog system, easy order management tools and automated shipment handling directly within Lightspeed’s cloud-based platform. This can help SMBs more easily adopt a demand-focused inventory model, and provide suppliers with access to a ready-to-buy customer base and real-time sell-through data.
The network also is capable of automating manual ordering and consolidating supplier portals in the POS, making new suppliers and products more discoverable and enabling import workflows to help retailers and suppliers coordinate brand-approved names, product descriptions and imagery.