Tutorial · Episode 9

The Monthly Vendor Review

After you send — and how little you have to chase

Tutorials › ShelfSpace Credit Memos › The Monthly Vendor Review

Chapters

  1. 0:00Intro
  2. 0:13The second you hit send, the ball's in your…
  3. 0:26Each one shows its own status, so a single…
  4. 0:43So what can a vendor actually do with a memo?…
  5. 1:02Want to see what they're looking at? Open any…
  6. 1:12Every credit, laid out line by line for them…
  7. 1:26And here's what gives the whole program its…
  8. 1:49Now, what if a vendor declines, or comes back…
  9. 2:06And that's the rhythm after you send
Full transcript

You've just sent this month's credit memos out to your vendors. So what happens now — and how much of it is actually on you to manage? Almost none of it. Let's walk the whole vendor review, from send to settled.

The second you hit send, the ball's in your vendor's court — and this tab is where you watch it happen. Every memo you've sent lives right here, so you always know exactly what's still out for review.

Each one shows its own status, so a single glance tells you where every vendor stands. And you're not the one chasing them. ShelfSpace keeps nudging each vendor with automatic reminders until they respond, so nothing stalls and nobody on your team is stuck sending follow-ups.

So what can a vendor actually do with a memo? Three things. Approve the whole credit, approve just part of it, or push back and decline with a reason. And they don't need a login for any of it — one click in their portal, or a plain reply to the email, and their answer gets recorded.

Want to see what they're looking at? Open any memo you've sent, and the full thing comes right up — the very same document sitting in your vendor's inbox this minute.

Every credit, laid out line by line for them to check — each one tied to a real package, a real cost, and a real reason. There's nothing here to argue with, because it all came straight from your own sales data.

And here's what gives the whole program its teeth. Once a delivery's confirmed, a clock starts — and if a vendor simply goes quiet, after ten calendar days your documented credits approve themselves. Silence is not a veto. Depending on your settings, those credits either book automatically, or wait one click away for your final say.

Now, what if a vendor declines, or comes back with a lowball number? You've got options, right here on the memo. Adjust the amount and re-send it, approve it at their number to keep things easy, or hold your ground and keep the conversation going. It's your call, every time.

And that's the rhythm after you send — vendors approve, trim, or push back, the reminders and the deadline run on their own, and you step in only when you actually want to. A documented, defensible ask — mostly handling itself, right up until it settles.

More in ShelfSpace Credit Memos

Co-Marketing Credits — video thumbnail Episode 1

Co-Marketing Credits

When you and a vendor discount together, they share the hit

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Inventory Aging Credits — video thumbnail Episode 2 3:34

Inventory Aging Credits

When product ages past its threshold and sells low, the vendor shares the hit

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Setting Your Credit Rates — video thumbnail Episode 3 3:35

Setting Your Credit Rates

The four dials that decide every credit memo — set once, per vendor

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The Promotions Page — video thumbnail Episode 4 2:41

The Promotions Page

Advance vendor approval turns a markdown you'd otherwise absorb into vendor-funded co-marketing on wholesale-purchased inventory.

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Running Credit Recovery — video thumbnail Episode 5 3:46

Running Credit Recovery

Load last month's POS reports into the self-serve wizard and turn them into a clean stack of vendor credit memos — the whole monthly cycle, start to finish.

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What Is a Credit Memo? — video thumbnail Episode 6 1:55

What Is a Credit Memo?

The documented way to recover what your vendors owe you

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Return & Waste Credits — video thumbnail Episode 7 2:00

Return & Waste Credits

The credits vendors almost never argue with

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Reviewing & Sending Credit Memos — video thumbnail Episode 8 3:04

Reviewing & Sending Credit Memos

Check every draft, then send the month as one clean batch

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Credit Recovery Settings — video thumbnail Episode 10 3:38

Credit Recovery Settings

Every switch that shapes what you ask each vendor — set once

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ShelfiQ Handles the Vendor's Reply — video thumbnail Episode 11 2:05

ShelfiQ Handles the Vendor's Reply

Vendors reply by email — your AI assistant does the rest

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How Approved Credits Get Applied — video thumbnail Episode 12 2:46

How Approved Credits Get Applied

From approved to real dollars back — mostly on its own

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The Scorecard: Measuring Your Credit Program — video thumbnail Episode 13 2:28

The Scorecard: Measuring Your Credit Program

One screen for what your credit program actually recovered

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