Successful supplier management is essential for an online business. Suppliers are the first point of contact when it comes to reorders, prices or new product launches. Often, supplier connections are about topics such as avoiding overselling through automatic inventory reconciliation and price updates, as well as automatic reordering.
However, communication between retailers and suppliers can be difficult, as there are many different and little standardized data formats and transmission paths for transferring product data and availability to retailers. But this is a prerequisite for automating supplier connections.
It becomes particularly confusing when several suppliers are involved in the procurement process. Retailers cannot automatically integrate the many suppliers into their systems and valuable time is lost due to tedious and manual entries. With Synesty Studio you can automate the whole information flow between you and your suppliers. The cloud solution is flexible and therefore applicable to any file format.
In contrast to rigid interface solutions, the Synesty Studio software can be flexibly adapted to your requirements. This allows the implementation of a large number of use cases, such as:
In this tutorial we will show you how to establish a successful supplier management for your online store with Synesty. It will be shown how to fetch a supplier file and how to read it in, how to recalculate the prices of the single articles of your supplier file, how to define a rule to filter out articles that have no stock and how to prepare the articles as your target system needs it.
E-commerce is characterized by a multitude of different sales strategies, as well as manufacturing and supplier models. However, Synesty Studio is able to connect suppliers to any business model due to its generic interface communication. This includes e.g. dropshipping, just-in-time reordering or the classic direct sales with own warehouse and pre-ordering at the supplier.
The dropshipping model is completely different from classic online retailing and is currently experiencing a real hype in Germany. Unlike other models, the online retailer has none of the products it offers in stock itself. When he receives an order, he forwards it to the supplier or wholesaler. From here, the products are then shipped to the end customers. The end customer is unaware of this process, however, because in this model the online retailer is in contact with the end customer for all transactions and not the wholesaler, who merely sends the packages in neutral packaging. The wholesaler usually transmits the tracking number to the online retailer so that the latter can inform the end customer about the shipping status, e.g. by email.
In just-in-time production (JIT), only those quantities or numbers of items are produced or reordered from the supplier that are actually demanded and ordered by the end customers. This has the advantage that online retailers do not have to bear high storage costs, thus reducing lead times. However, this model can only work if the suppliers and retailers are optimally coordinated with each other, thus enabling short and problem-free delivery. However, the online retailer is still responsible for delivery to the end customer.