Who is your Primary Supplier:

The primary supplier for a retail business is typically a manufacturer, wholesaler, or distributor who provides the products that the retailer sells to customers. The specific primary supplier for a retail business will depend on the industry and products being sold.

For example, if a retail business sells clothing, their primary supplier may be a clothing manufacturer or wholesaler who provides them with a range of clothing items. Similarly, if a retail business sells electronics, their primary supplier may be an electronics manufacturer or wholesaler who provides them with a range of electronic products.

The primary supplier is typically responsible for producing, sourcing, and delivering the products to the retail business. They may also be responsible for setting the wholesale price that the retailer pays for the products. The retail business then sets the retail price that they charge customers, based on the wholesale price and other factors such as operating costs and profit margins.

Benefits: 

1. Consistent supply: A primary supplier can ensure a steady supply of products, which is essential for a retail business to meet customer demand and maintain inventory levels.
   
2. Cost savings: By purchasing in bulk from a primary supplier, a retail business can often negotiate better prices and achieve cost savings, which can increase their profit margins.
3. Quality control: Working with a trusted primary supplier can help a retail business maintain the quality of the products they sell, ensuring customer satisfaction and building a positive reputation.
4. Product development: A primary supplier may have the expertise and resources to help a retail business develop new products, which can help the business stay competitive and meet changing customer needs.
5. Streamlined operations: By working closely with a primary supplier, a retail business can streamline their operations, reducing the time and resources required to source and manage multiple suppliers.

Overall, having a strong relationship with a primary supplier can benefit a retail business in many ways, helping them to maintain a competitive edge, improve efficiency, and increase profitability.

To update the Primary Supplier or the Main Distributor for an Item / set of Items, follow the steps below:

Step 1: Go to MDM > Item Master Management > Item Master

Step 2: Click on Add Item to add or Edit Button to edit.

Step 3: Press space bar to select Supplier from the list or click on New to create new Supplier.

*** Note:

Another way of Setting Primary Supplier:

Step 1: Go to BPM > Purchase Management > Supplier Settings > Item Wise Supplier Mapping.

Step 2: Press Space Bar and select desired Item name from the choose Item list.

*** Note: If you want to see the already assigned list of Suppliers, Click on the GO button.

Step 3: Press Space Bar and select the desired Supplier from the Supplier list and click on Mark as Main Supplier to make the selected supplier as the Main Suppler.

*** Note: Check the Supplier Type column to see the current Main Supplier.

To update the Suppliers in a Bulk, do the following steps:

Step 1: Go to MDM > Item Master Management > Item Master Bulk Update

Step 2: Select All Outlets from the Choose Applicability list.

Step 3: Locate the Supplier column and filter the items you want and double click on the supplier names and Update.

Step 4: If you want to update multiple at a time, just filter the items and press Ctrl + C to copy the value.

Step 5: Then drag and select the cells or press Shift + Down arrow to select the fields and press Ctrl + V to paste the values. Click on the Update button to apply the changes.

Conclusion:

The advantage of having a primary supplier in a retail business is that it allows the business to establish a close relationship with a reliable source of products. This can result in several benefits, including:

1. Reliable supply chain: By establishing a strong partnership with a primary supplier, a retail business can ensure a consistent and reliable supply of products. This can help prevent stockouts and ensure that customers can always find the products they are looking for in the store.
2. Cost savings: A primary supplier may offer volume discounts or other pricing incentives to encourage a retail business to purchase larger quantities of products. By buying in bulk, the retail business can lower its costs and increase its profit margins.
3. Better quality control: A primary supplier can work with a retail business to ensure that the products being sold meet the highest standards of quality. This can help build customer trust and loyalty and can result in repeat business.
4. Product innovation: A primary supplier may have expertise in product development and can work with a retail business to create new and innovative products that appeal to customers. This can help the retail business stay ahead of the competition and meet evolving customer needs.
5. Improved communication and collaboration: Working with a primary supplier can foster a close and collaborative relationship, allowing the two businesses to work together to solve problems and identify new opportunities.

Overall, having a primary supplier in a retail business can be a significant advantage, helping the business to maintain a reliable supply chain, lower costs, improve quality, innovate, and build strong relationships with suppliers.