Business
Lightspeed Revolutionizes Supply Chain of Independent Retailers with Launch of Supplier Network
Lightspeed Revolutionizes Supply Chain of Independent Retailers with Launch of Supplier N...
About this update from Lightspeed Commerce Inc
[{"type":"text","content":"\n \n \n \n Lightspeed Revolutionizes Supply Chain of Independent Retailers with Launch of Supplier Network\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Global commerce leader pioneers direct integration of small and medium-sized businesses with industry-leading suppliers\n \n \n \n \n MONTREAL\n \n ,\n \n Jan. 12, 2021\n \n /CNW Telbec/ -\n \n \n \n \n Lightspeed\n \n \n \n \n (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced the initial availability of the\n \n \n Lightspeed Supplier Network\n \n \n for North American retailers. The launch of the fully integrated stock ordering solution transforms supply chain management for SMBs, democratizing access to the strategic inventory visibility once reserved predominantly for enterprise retail and eCommerce giants as the global COVID-19 pandemic continues to place pressure on supply chains in 2021.\n \n \n \n \n \n \n \n \n \n This direct integration between businesses and brands provides merchants with an automatically updating supplier catalog system, easy order management tools and automated shipment handling directly within Lightspeed's cloud-based platform. Lightspeed's Supplier Network enables SMBs to more easily adopt a demand-focused inventory model to remain nimble, placing independent businesses on equal footing with large chains while providing suppliers access to a ready-to-buy customer base and real-time sell-through data.\n \n \n \"Connecting SMB retailers directly to their suppliers through the Lightspeed Supplier Network is nothing short of revolutionary. This new tool enables independent businesses to discover new products, more easily sell online and make better use of their capital to strategically increase order frequency,\" said\n \n \n Dax Dasilva\n \n , Founder and CEO of Lightspeed\n \n . \"The disruption of 2020 cemented the need for SMBs to use technology to remain agile and the Supplier Network is deeply in line with Lightspeed's mission to strengthen their ope...