The 10 simple questions built in the Collaborative Approaches review the existing pillars a retail organisation has built over the years.
Thank you for investing your time in assessing the Vendor’s Engagement effectiveness of your retail organisation . We have listed 10 simple question with a straightforward scoring. Each type of answer gives a number of points. The assessment and recommendations are right after the questionnaire.
Yes = 2 No= -2 Don't know = 0
Maximum Score: 20 points
Minimum Score: 20 points
Vendors have a lot probably too much influence and independence in their business relationship with your organisation . While we cannot blame a commercial enterprise to promote its products, a certain number of challenges appear when vendors have too much influence:
While the option of letting quite wide options can seem to be an attractive option especially when there is a perception that Teams might not have the required capabilities to efficiently manage the relationship with Vendors its long terms consequences can be very negative for the organisation
The foundations of Vendors Management are in place, denoting a positive drive in the management of the collaboration.
The current evolution of retail activities post-– especially in these covid era, are only increasing stressing how collaboration between retailers and suppliers is becoming a question of life and death of the business. The Collaboration we are talking here encompass all initiatives and innovations where Customer Experience can be improved for the benefits of all stakeholders.
Congratulations! Your organisation has a professional Efficient Vendors Management approach which support Vendors Engagement and delights Shoppers. Have you already thought about providing Vendors with Access to your Data?
I am interested in having a more detailed and free diagnostic about how we are engaging Vendors to identify what are the options available to create more collaboration to increase support and decrease costs.
To remain competitive and drive growth in a new disrupted world, new approaches are required. Our Teams gather former retailers, consultants and technology talents. We marry retail expertise with people, processes and data to support Leaders in their Transformation Journey.
Hypertrade is a retail tech company in Category Management and Shopper Behaviors Analytics. Manufacturers use our platform to manage their multi-retailer data sets and to automate their category management and sales analytics. Retailers use our platform to improve their Commercial offering, collaborate with their suppliers and Engage their Shoppers. Building on Sales, POS & Loyalty data, some of the things we fully automate are:
• Brand& Category Score card
• Brand automatic Diagnostics
• Range Optimization
• Promotion Planning & Forecasting
• Shoppers baskets analysis