![]() However, newer, automated technology enables buyers to order product more efficiently, manage inventories and get holistic views of incoming orders across categories. ![]() Lightspeed and other competitive b-to-b platforms automate the commerce between retailers and vendors, which is generally considered riddled with manual paperwork, time-consuming, tedious processes, and insufficient and slow sharing of data. We’ve completely reinvented the buying and inventory process for brands and retailers, and Lightspeed B2B is bringing them a robust, high-end brand network.” “With the technology and expertise brought in through the NuOrder acquisition, we’ve been able to create a truly transformational, integrated brand supplier network for the retail industry. “We saw an enormous opportunity to transform how retailers work with their brands,” said Lightspeed chief executive officer JP Chauvet. ![]() Lightspeed built its own supplier network in 2021 but was able to leapfrog that technology by five years with the acquisition and integration of NuOrder, which becomes Lightspeed B2B. Lightspeed added that its new platform “empowers merchants to instantly order and seamlessly sell on any channel.” “Now with Lightspeed B2B, Lightspeed is creating a ‘golden triangle’ between consumer, retail and brand/supplier to further create efficiencies,” the company said in a statement about the launch. The solution is the culmination of last year’s acquisition of NuOrder by Lightspeed, enabling the company to integrate NuOrder technology into the Lightspeed retail platform.Īccording to Lightspeed, thousands of brands, including Tom Ford, Coach, Theory, Black Diamond and Outdoor Voices, use its platform. has launched Lightspeed B2B, a “transformative” platform for North American fashion, outdoor and sports retailers to conduct business with brands while also integrating the orders directly into the point-of-sale to reach shoppers.
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