Retail’s only true supplier collaboration platform
Streamline end-to-end processes, elevate supply chain collaboration to the next level and build data-driven culture in your supplier-related processes
Algonomy is rated as a top vendor in retail technology
Strong Performer in Retail Planning
Top Vendor in Retail Assortment Management
Trusted by top retailers worldwide
The Consequences of Ineffective Supplier Collaboration
Suppliers are crucial to the success of retail operations, offering opportunities to enhance efficiency and foster customer loyalty through enhanced collaboration. However, many supplier collaboration processes remain outdated, manual, and isolated, relying heavily on phone calls, faxes, and messages for transactions. This lack of integrated planning and execution in supply chain collaboration results in inefficiencies and a zero-sum outcome, ultimately proving costly for retailers.
$4.5 million
estimated impact of out of stock caused due to supplier related challenges
$600,000
what it costs retailers in order and payments management
$1.5 million
estimated impact of unrealized supplier-funded promotions
$250,000
what it costs retailers in supplier and product information management
*estimates applicable for an average retailer
Automate supplier processes, collaborate effectively across supplier lifecycle and build actionable insights with Algonomy’s Supplier Collaboration Platform
42%
Faster new product introduction
38%
Reduction in supplier information management costs
35%
Reduction in order to pay management costs
$200000
As alternate revenue stream with data monetization
Reduce supplier information management costs
- E-approval workflows and self-help portal for 70% faster vendor onboarding
- 100% accuracy on supplier data with process digitization
- Supply Chain Collaboration features for efficient master data management
Achieve faster and accurate product management
- Up to 40% faster new product introduction with collaborative launch
- 100% accurate data with GS1 global registry integration
- Efficiently manage price and cost across different markets with enhanced supplier collaboration
Create efficient and transparent order to pay cycle
- Reduce PO cycle processing time by 60% with collaborative features
- Reduce cost-per-invoice by 50% with 3-way reconciliation
- Achieve 100% data accuracy on invoices and POs in ERP
Improve promotions effectiveness and rebate recovery
- Collaborative promotions planning and performance monitoring
- Automatic rebate calculation in payment summary
- Planogram performance monitoring
Uncover and share data insights seamlessly
- Vendor Scorecard for vendor performance monitoring
- Inventory insights
- Competitive insights
- Product Insights
Do more with industry-first collaborative features
- Integrated chat feature with peers and counterparts for improved supplier collaborations
- File Sharing capability with access control
- Vendor Bulletin
- Mobile access for productivity boost
Explore Client Success Stories Powered by Algonomy's Supplier Collaboration Solution
“Keells - the leading supermarket chain in Sri Lanka with 123+ outlets, online delivery, and a network of 700+ suppliers, adopted Algonomy’s Supplier Collaboration Platform to automate and streamline supplier processes via seamless data and insights sharing.
Manual and error-prone supplier processes led to frequent delays in supplier and product onboarding, frustrating purchase order modifications, and delayed payments due to invoice mismatches, which hindered growth and affected supplier relationships.”
92%
Faster Supplier Onboarding
81%
Invoice Processing Automated
85%
Faster New Product Onboarding
30%
Reduction in Rebate Management Efforts
“Prince Retail Group - A leading hypermarket chain in Phillippines with 70+ stores nationwide and a network of 500+ suppliers, transformed end-to-end supplier collaboration and improved transparency with real-time data insights from Vendor Link - Algonomy’s Supplier Collaboration Platform.
Fragmented and manual vendor management processes led to inefficiencies in order management, promotions, and payment processing, impacting stock availability and supplier confidence.”
Reduced Cost of Order to Pay Cycle Management
Faster, Error-Free PO and Payment Processing
Enhanced Stock Availability
Improved Promotions Effectiveness & Collaborative Planning
“A leading US-based convenience store retailer with one of the largest chains of retail outlets, 600+ truck stops and convenience stores in 40+ states adopted Algonomy’s Supplier Collaboration solution to improve efficiency across its supplier ecosystem of 900+ vendors/suppliers.
Poor visibility and limited inventory holding capacity led to frequent stock-outs. Data silos and fragmented supplier management made rebates and promotions management inefficient and difficult, thereby decreasing profits.”
30%
Reduction in out-of-Stock Across Stores
15%
Increase in Supplier-Funded Promotions
$2 M
Additional Rebate
8%
Increase in Revenue
5%
Reduction in the Cost of Inventory
What our customers have to say
"Vendor Link has made it easy and effective for our teams to collaborate with suppliers to manage orders, track payments, and share metrics with them. As a result, our promotions and programs are more efficient, our stock availability has improved, and we have managed to be efficient with our costs while continuing to grow and expand our business.”
“By equipping our suppliers with actionable insights and process transparency, we’ve helped them become more efficient to serve us, which in turn has made us more efficient. It’s a Win-Win!”
“Vendor Link has brought into our enterprise an extensive collaboration with suppliers and clear visibility into various aspects of merchandising. It’s well-thought-out design and effective application are its biggest strengths.”
“We wanted a unified system with comprehensive tracking and management capabilities for supplier-facing processes for efficient and seamless collaboration. Algonomy's Supplier Collaboration Platform empowered our teams with integrated management capabilities for internal and supplier activities, saving hours, reducing errors, and improving planning. Our supply chain is now resilient, responsive, and cost-effective."
Aravinda Wanniarachchi
“The platform's ability to minimize human interventions, enhance collaboration between teams, and deliver actionable insights has been remarkable. Not only has it streamlined our processes, but it has also delivered an attractive ROI that exceeds our expectations.”
Osanda Warnekulasooriya
Feeling inspired? Check out Algonomy insights
Blog
Navigating the Beauty Maze: AI’s Role in Retail and Supply Chain Planning
Case Study
Prince Retail Transforms End-to-end Supplier Collaboration with Vendor Link
BLOG
Expert Opinion: Is Supply Chain Collaboration The New Frontier Of Growth In Retail?
Case Study
A Major US-based Convenience Store Retailer Takes Its Supplier Collaboration to the Next Level
BLOG
Why You Need to Rethink Supplier Collaboration in 2023
Case Study
A Leading European Pharmaceuticals Retailer Cracks Key Supplier Collaboration Challenges
BLOG
Together, We Innovate - Retail Edition
Case Study
A Leading Asian Chain of Modern Retail Outlets Improves Supplier Collaboration
BLOG
9 Best Practices in Demand Forecasting for Grocery Retailers
BLOG
Reducing Inventory the Smart Way with Retail Artificial Intelligence
BLOG
Grocery Replenishment Has Evolve
Elevate Your Game With Retail’s Only True Supplier Collaboration Platform Trusted by Top Retailers
