Scan Based Trading: Utilizing Scan Based Trading (SBT) enables vendors of goods and products to maintain ownership of inventory housed within retailers’ stores or warehouses until those items are scanned at point of sale. Benefits of this methodology include reduced invoice discrepancies, improved data management, tighter shrink control, enhanced vendor-retailer relationships, increased sales, lower inventory cost, shorter time to market and greater customer satisfaction. So, how does it work? The Nexxus Group® changes the way retailers buy products to put on their shelves and how they pay for those products. Imagine you walk into a store and decide to purchase an item. Once the clerk scans the product and the laser hits the bar code, the Nexxus magic happens – the retailer pays us and we pay the vendor responsible for product delivery. Retailers pay only when inventory is sold. The simple and efficient paperless process makes Nexxus responsible for coordinating with and reimbursing thousands of local vendors who deliver their products to our clients across North America.
Direct Store Delivery SBT: The Nexxus Group® provides more than 90 retailers in the United States, Canada and Puerto Rico – at more than 50,000 retailer doors – with a turnkey Scan Based Trading solution for many Direct Store Delivery (DSD) and warehouse products. Retailers and vendors of ice cream, salty snacks, novelty items, beverages, propane and DVDs – to name a few – now utilize our SBT solution to increase sales, reduce out-of-stocks, and improve sales data visibility. The flexibility of our program gives global chains, national chains and smaller regional chains the ability to implement the solution across their store base. International conglomerates like Unilever as well as niche suppliers such as FIFO partner with The Nexxus Group to participate in SBT programs with retailers. By working with The Nexxus Group, suppliers avoid the time-consuming process of obtaining vendor numbers, setting up EDI connections, and populating store lists and price books. The ability and interest to sell products via SBT provides willing suppliers a distinct advantage over those in traditional buy/sell arrangements. Implementation of The Nexxus SBT solution often leads to exclusive relationships with retailers.
The Nexxus Pub Hub: Nexxus provides more than 90 retailers in the United States, Canada and Puerto Rico, at more than 50,000 retailer doors, with a turnkey Scan Based Trading solution for newspapers, magazines and maps. Nexxus Pub Hub consolidates publication vendors under the Nexxus vendor number and allows retailers to more effectively and efficiently manage the publications category. The Nexxus Pub Hub solution provides significant ROI to retailers by eliminating in-store product check-in, countless weekly payments to vendors and the need for dedicated customer service personnel to respond to publication issues from both stores and suppliers. The Nexxus Pub Hub solution truly does it all. Participating retailers have collectively saved millions of dollars and countless headaches.
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