Mr. Dax Dasilva reports
LIGHTSPEED COMMERCE REVOLUTIONIZES INVENTORY REPLENISHMENT ORDERING AS PART OF LIGHTSPEED NUORDER
Lightspeed Commerce Inc.
has unveiled inventory replenishment directly integrated into Lightspeed retail, the premier point-of-sale for ambitious retailers. Tapping into Lightspeed NuOrder, this launch introduces capabilities to streamline wholesale processes for leading brands and retailers, including a new, rebranded name for Lightspeed's wholesale network.
PO Sync allows retailers to place order replenishments within Lightspeed's POS platform and send to their suppliers in one click. This takes a process that is manual, time-intensive and repetitive and makes it automated and data-driven, helping retailers put replenishment on autopilot.
PO Sync is the latest enhancement from Lightspeed as part of Lightspeed NuOrder.
Lightspeed NuOrder brings together over 4,000 brands with 100,000-plus retailers as part of a wholesale network that is transforming how retailers and suppliers do wholesale commerce. Through product and brand discovery, automated ordering and replenishment, and access to industry and sell-through insights, both retailers and brands experience a wholesale partnership that is more profitable and data-driven and can be managed in less time with fewer steps, making it easier for both brands and retailers to expand their business.
"Wholesale commerce has traditionally been fragmented and inefficient, creating friction for both brands and retailers," said Dax Dasilva, founder and chief executive officer of Lightspeed. "With Lightspeed NuOrder, we're redefining the way businesses manage their wholesale operations, making it easier than ever to scale and drive revenue growth."
With PO Sync, Lightspeed's seamless integration with NuOrder now transforms not only wholesale purchasing and inventory management, but also replenishment. POS merchants sync orders from NuOrder brands directly to POS and can send replenishment orders from POS directly to NuOrder in one connected system.
PO Sync also allows merchants with Lightspeed insights to use their data-driven order forecasts and recommendations and send these directly to suppliers on NuOrder, not only cutting down work but also ensuring replenishments are made based on insight, helping retailers reduce stockouts, minimize overstock and optimize how much inventory they hold at one time.
Retailers using order recommendations have already seen a 26-per-cent reduction in days out of stock, and, with PO Sync, these order insights can be applied directly to replenishments.
To provide value for even more retailers and brands, Lightspeed POS retailers will also be able to refer their brands to Lightspeed NuOrder launching two new brand partner types: connect and catalogue. This will enable brands to easily manage retailer catalogues and ordering. For brands, this means increased brand consistency, faster, higher-volume reorders and the ability to expand their wholesale channel through Lightspeed retailers. For retailers, every brand they work with that is part of Lightspeed NuOrder means better insights for simpler, faster ordering, reordering and product creation.
Lightspeed's seamless integration with NuOrder transforms how businesses operate by streamlining wholesale purchasing and inventory management into a single, connected system. With brands already listed on NuOrder, orders sync directly with the POS, eliminating manual entry and reducing errors. Real-time inventory tracking ensures better stock management, helping to prevent overselling and to optimize purchasing decisions. This all-in-one integration can not only save time but also create a more efficient workflow, allowing business owners to focus on growth rather than back-end operations.
Retailers already seeing the impact
For retailers like
Ryan Pratt, owner of Treadz Shoes, a boutique store with two outlets specializing in footwear, apparel and accessories, Lightspeed NuOrder's ecosystem has been instrumental in streamlining operations.
"We've relied on Lightspeed for point-of-sale and projections, and now with Lightspeed NuOrder, we're seeing real efficiency gains," said Mr. Pratt. "About 50 per cent of our suppliers are on Lightspeed NuOrder, and being able to import those directly into Lightspeed purchase orders has significantly reduced human error. Lightspeed NuOrder is the next step in making wholesale even more seamless for businesses like ours."
Newer Lightspeed retailers are also benefiting from Lightspeed's integrated wholesale capabilities.
Paul Hekimian, owner of Sunset Park Swim
in Santa Monica, Calif., chose Lightspeed when opening his women's fashion swimwear boutique in March of this year.
"When one of our retailers recommended Lightspeed, we quickly saw why it was the right fit for us," said Mr. Hekimian. "The integration with NuOrder was a game-changer as so many of our brands are listed there. Having our wholesale purchasing and POS connected in one platform makes it easier to manage inventory and focus on growing the business."
Key features and benefits of Lightspeed NuOrder:
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Seamless business-to-business ordering: Retailers can effortlessly browse, order and restock products from their preferred brands within the Lightspeed ecosystem, reducing friction in the wholesale buying process.
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Accurate catalogue management: Centralized and automatically updated product catalogues ensure retailers always have access to the latest styles, SKUs and pricing from their brand partners.
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Improved product and brand discovery: A connected wholesale network makes it easier for retailers to discover new brands and products that align with their business, unlocking new revenue opportunities.
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Insight-driven reorders: Smart analytics help retailers optimize restocking decisions by leveraging sales trends, inventory performance and demand forecasting.
With Lightspeed NuOrder, brands and retailers finally have a truly connected, scalable and insight-driven wholesale network -- helping them grow smarter, sell better and stay ahead in an evolving retail landscape.
Lightspeed NuOrder is available to all Lightspeed retail merchants, and wholesale brands can access the Lightspeed NuOrder network through their NuOrder subscription.
About Lightspeed Commerce Inc.
Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional omnichannel customer experiences. Its cloud commerce solution transforms and unifies on-line and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.
Founded in Montreal, Canada,m in 2005, Lightspeed is dual listed on the New York Stock Exchange and the Toronto Stock Exchange. With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.
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