Have the right product at the right place at the right time for the right customer
It’s a significant part of the equation that defines success: Being at the right place at the right time. If you’re in the wireless retail business, that simple adage defines some of your business acumen and your company’s good fortune. After all, this is a pretty good time to be in the wireless business. New devices and emerging technologies are changing the way we interact, connect, and transact business.
The market for wireless services and devices continues to expand at an unprecedented rate. The cell phone is the fastest selling consumer electronics item and is replacing the land line phone in more and more households. Wireless carriers and providers are continuing their heavy investment in service, networks, and coverage. Wireless e-commerce is set to boom as mobile shopping and mobile payment is catching on with consumers and retailers alike.
What about the other half of the equation, though? You still need more than the physical and cosmic presence of place and time. You need the right product and you also need that sometimes elusive, the right customer. And they have to be in the same place at the same time. Nothing new for sure. But can you ensure that you will have that right product when the right customer wants it? After all, making the customer’s shopping experience as easy and as clear as possible is the easiest and clearest way (read best) to make the sale.
Your Retail Management Platform can go a long way in making sure you do, with very little effort on your part. Vendor managed inventory is one of the best ways to deal with the current world of ever more complex and quickly changing inventory. Free yourself from the shackles of endless inventory counts and those head shaking and scalp scratching buying forecasts. Let the system does the work. Put all that technology to work for you.
Wireless Standard’s VMI Program links retailers to their supply chain of B2B Soft partner vendors–Offwire, Technocel, TESSCO, and WIRX. Sales data generated in Wireless Standard is sent directly to suppliers and analyzed based on specified criteria like inventory levels, in-store sales, promotional offers, max/min quantities, etc. Then, almost magically, purchase orders are automatically created and the appropriate inventory is automatically replenished and shipped to you, the retailer.
Presto. Now you’ve not only got a bead on what’s hot and selling—you have the right inventory. And you’re not carrying excessive, dead inventory that just won’t move. You’re carrying less and selling more. And you’ve saved time and effort. So now you’re in the right place at the right time with the right inventory and you have time for the right customers when they come in. With VMI, you’re never caught short on time, inventory or success.