The NRS B2B Marketplace is an ecommerce platform designed to bring wholesale distributors and suppliers together with independent retailers. Previously, suppliers and distributors were unable to easily reach this large and dynamic retail market because many independent retailers didn’t use order automation, could not meet distributors’ minimum order quantities, and/or had challenging logistical requirements.
From the retailers’ perspective, lack of easy access to wholesale distributors and suppliers has limited the selection of items available, increased supply costs, and made it challenging to efficiently manage inventories.
The NRS B2B Marketplace will provide wholesale distributors and suppliers with access to NRS’ extensive nationwide network of retailers. Because small format stores typically order in small quantities and require frequent shipments, distributors will be able to utilise NRS Cinch, NRS’ in-house delivery service, to arrange cost-effective deliveries directly, or allow NRS Cinch to aggregate orders from multiple retailers to meet minimum order quantities.
The ecommerce platform will also provide retailers with access to a wide selection of wholesale supplies, tailored insights into which items they should carry to increase sales, and advice on optimal order sizes to avoid tying up unnecessary cash and shelf space.
Company officials stated that when a store joins their POS system, it is no longer just a single retail location. It becomes part of their nationwide retail network, and they provide it with the tools and scale it needs to compete effectively against large retail chains. Wholesale distributors can now utilise their B2B Marketplace to access this dynamic retail network with enhanced reach and efficiency.
National Retail Solutions operates a point-of-sale (POS) terminal-based platform and digital payment processing service for C-stores, bodegas, and other independent retailers nationwide. Retailers utilise NRS offerings to process transactions and manage operations more effectively. Advertisers access the terminal’s digital display network to reach these retailers’ massive, predominantly urban customer bases. Consumer packaged goods (CPG) suppliers leverage the NRS platform to provision promotions, coupons, and special offers to independent retailers. NRS is a subsidiary of IDT Corporation.
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