SOURCE: Symphony GOLD

Symphony GOLD

December 16, 2015 09:00 ET

Symphony GOLD Launches New Vendor Portal to Streamline Retailer / Supplier Operations

GOLD Vendor Portal Will Facilitate Collaboration Between Retailers and Their Trading Partners, and Improve Speed to Shelf

ATLANTA, GA--(Marketwired - Dec 16, 2015) - Symphony GOLD, provider of the GOLD unified software platform for retail, today launched its GOLD Vendor Portal, an on-line collaboration tool that streamlines the administrative processes between retailers and their suppliers, resulting in faster "speed to shelf" for merchandise. By reducing administration and providing better data quality, retailers and suppliers can focus their efforts on specific areas of collaboration; for example, the order processing, inventory planning and assortment management involved in the introduction of new products.

Presenting a consistent, real-time view of all products, prices, locations, vendors and customers, the GOLD Vendor Portal gives retail buyers and category managers comprehensive, unified master data management across all channels and products, from ultra-fresh through to slow moving goods.

Key features of the GOLD Vendor Portal include:

  • Data quality and consistency for the processes of product definition, purchasing, vendor conditions, inventory and distribution;
  • Planning and forecasting for assortment, promotion and inventory;
  • Vendor dashboard for performance management.

"Merchandising is one of the biggest overheads for most retailers, and that has much to do with the administrative complexity of managing multiple suppliers, setting up new products and promotions, and dealing with the logistics of getting products onto shelves," said Donal Mac Daid, vice president marketing supply chain, Symphony GOLD. "The GOLD Vendor Portal automates many of these processes, allowing the retailer and supplier to focus their efforts on building better, more collaborative, more agile trading relationships."

The GOLD Vendor Portal is an extension to GOLD Merchandise Management, and it integrates both with GOLD Master Data Management and GOLD Product Information Management.

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About Symphony GOLD
Symphony GOLD, provider of the industry-leading GOLD unified software platform for retail, helps optimize profitability by delivering highly targeted product assortments across all channels, supported by reliable and responsive retail operations and supply chain execution. Symphony GOLD customers include 15 of the world's 30 largest retailers, thousands of retail brands, and hundreds of national and regional chains. More at www.eyc.com/GOLD

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    Joan Geoghegan
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