Do you know how to setup Secondary Suppliers for an Item/set of Items in bulk at HQ?
An alternate/other supplier for a retail business is a supplier that can provide products or services as a backup to the primary supplier. In the event that the primary supplier is unable to provide the necessary products or services, the alternate/other supplier can step in to fill the gap and ensure that the retail business can continue to operate smoothly.
Having an alternate/other supplier can help mitigate the risks associated with relying on a single supplier. It can also help ensure that the retail business can maintain a consistent supply of products, even if the primary supplier experiences disruptions or delays.
The specific alternate/other supplier for a retail business will depend on the industry and products being sold. For example, an alternate supplier for a clothing retailer may be a different clothing manufacturer or wholesaler that can provide similar products, while an alternate supplier for a food retailer may be a different distributor or supplier that can provide the same or similar food products.
The choice of alternate/other supplier will depend on a variety of factors, including the reliability and reputation of the supplier, the quality and price of their products or services, and their ability to provide a consistent and timely supply of products.
Benefits: The benefits of having an alternate supplier for a retail business include:
Risk mitigation: Relying on a single supplier can be risky, as any disruption to their operations can lead to a shortage of products and potentially harm the retail business's bottom line. Having an alternate supplier in place can help mitigate this risk by providing a backup source of products in the event of a disruption to the primary supplier's operations.
Increased flexibility: Having an alternate supplier can provide the retail business with more flexibility in terms of product sourcing. This can help the business adapt to changing market conditions or customer demand, as they can switch between suppliers as needed to meet their needs.
Cost savings: An alternate supplier may offer competitive pricing, which can help the retail business achieve cost savings and improve their profit margins.
Improved negotiation power: Knowing that they have an alternate supplier in place can give the retail business more bargaining power in negotiations with their primary supplier. This can help them negotiate better pricing or other terms that are more favorable to their business.
Improved customer satisfaction: Having a consistent supply of products can help improve customer satisfaction, as customers are more likely to find the products they are looking for in the store. By having an alternate supplier in place, the retail business can help ensure that they can meet customer demand even during periods of disruption.
Overall, having an alternate supplier in place can provide significant benefits to a retail business, including risk mitigation, increased flexibility, cost savings, improved negotiation power, and improved customer satisfaction.
Step 1: Go to BPM > Purchase Management > Supplier Settings > Supplier Wise Item Mapping.
Step 2: Press Space Bar in the Choose Supplier To Map field and select the desired supplier from the list.
*** Note: Click on the Go button to see the existing list of Supplier mapping.
Step 3: Press Space Bar in the Choose Item To Map and select the new item from the list.
Step 4: Choose the Supplier type as Other to map the suppler as Other Supplier.
Step 5: Click on New Map to execute the map process.
***Note: You can select and delete the Other Supplier mapping by pressing the Delete Map button.
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