For Retailers & Their Supplier Partners
Increase Cash FlowOne Scan at a Time
Did you know inventory costs are 7% higher than they were two years ago?* Eliminate inventory levels and adopt consignment selling using Scan-Based Trading (SBT).
Working Together to Align Supply and Demand at the Point of Sale
Suppliers use daily POS data to ensure optimal product levels and to reduce out-of-stocks while removing the retailer burden of carrying inventory. This harmonized approach leads to increased sales, more cash-on-hand, and strategic partnerships for everyone.
Scan-Based Trading
For Retailers
Experience The Benefits of Consignment Selling
Strengthen Operational Cash Flow
Ultimately, SBT was built to solve the challenges that have the biggest impact on cash flow and profitability. Gone are the days of cash tied to stagnant inventory sitting on shelves, or the stress of inventory-level decision making coupled with the risk of paying for products before they are sold. You have better things to do with your cash.
Create Relationships with Vendors that Build Sales
With visibility into POS data and insight into inventory movement down to the Universal Product Code (UPC), you and your suppliers together can make data-driven decisions on pricing, products, and promotions that are mutually beneficial while increasing customer loyalty and location traffic.
Diminish Inventory Holding Costs
SBT is a consignment-selling model. Retailers only pay their vendors for items scanned and sold. Inventory risk is mitigated by eliminating the need to purchase inventory. The supplier keeps ownership of the inventory, minimizing losses caused by shrinkage.
Reduce Labor Expenses Across Multiple Functions
Eliminate time ordering and counting inventory levels. Invoice payment and data automation is used to pay only for items sold to the consumer and minimizes line-item invoice data entry. This labor reduction across multiple departments minimizes human error increasing accuracy for faster reconciliation. Have more time and money to focus on the things that matter most.
For Suppliers
Unlock The Full Potential of Supply Chain Control
Experience The Power of Partnership
Creating a strategic partnership for inventory management with retail customers leads to higher top-line sales and margin growth for everyone. Making decisions together around pricing, products, and promotions will increase consumer satisfaction. This partnership creates a win-win-win.
Eliminate Chasing Invoice Payment and Reconciling Short Pays.
Retailers pay for a product once it is sold to the consumer. Sold products are invoiced, and payment happens automatically through the Fintech system. Without the burden of inventory holding costs, invoices are paid on time and in full. Retailer’s reluctance to pay, or short pay, is eliminated with full profit recognized at the time of consumer purchase.
Optimize Retail Inventory and Orders
By keeping ownership of inventory stock and leveraging retail point-of-sale (POS) data suppliers can significantly reduce out-of-stocks, suggest products that will move, and accurately determine on-hand quantities needed for orders with greater accuracy.
Reduce The Cost of Labor Significantly
Leverage POS retail data for efficient delivery and simplified ordering. Automate invoice payment collection and drive even greater operational efficiency. Send invoices to Fintech for payment and eliminate the labor-intensive complexities involved with EDI format adjustments to satisfy diverse client software. Lacking EDI capability? Use Fintech’s digital invoice builder to save time and grow your network.
A Testimonial from Our Client
“DSD is an area of frustration for many retailers in the industry.”
Chevron was no exception. Our gross margins were low, the turnover of distributors high, and our price book department inundated with constant changes. We decided to find a company that would help manage this area with us. iControl stood out as a premier company. They have the knowledge, distributor base, and the customer base that makes them invaluable to the segment. It's incredible the amount of expense we have taken out of our day-to-day business as a result of their involvement.
Connect With a Fintech Expert
Complete the form below to connect with a Fintech expert to learn more about Scan-Based Trading.
*Statistic provided by the Federal Reserve
