Suppliers

Whether you're selling bespoke / single manufacturer products or mass-produced items that can be purchased from a range of suppliers, Stockhastic's supplier management software enables you to get the most out of your suppliers. Defining supplier-specific data per product is a given, but Stockhastic then allows you to take that to another level, with no limit on the number of suppliers that can be defined against a product. The Preferred Supplier flag and the ability to oversee a Supplier's entire inventory allow you to take a macro, rather than micro view of your supplier relationship, when required.

The price you pay when purchasing inventory varies greatly depending on the volume and frequency of the purchase orders you are raising. Stockhastic enables you to configure price breaks per product, per supplier, and for these to automatically apply when raising Purchase Orders. The system will also prompt you whilst raising a purchase order if you are about to break through a quantity threshold that will release a new price.

Understanding the overall performance of your supply partners is vital to being able to manage supplier performance as whole. Stockhastic has the whole picture with regards to your supplier interactions, from order date, to estimated delivery, to actual delivery, through to QC data and % of products returned. This means that you can assess your suppliers’ performance across a whole range of criteria, and across a reasonable time scale, to ensure that you’re getting a fair deal. What's more, where you are working with more than one Supplier on the same range of products, you will have the ability to compare and contrast costs, service levels and general performance, providing you with more negotiating power going forward.