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From the Desk of Kim Zablocky: Celebrating 15 Years

Posted By Administration, Thursday, January 15, 2015
Updated: Wednesday, January 14, 2015

RVCF is celebrating 15 year of existence this May. Where has the time gone? There are only a few of the original members still attending. You know who you are and we thank you for being there at the beginning to lend support to what we wanted to accomplish – to get retailers and their merchandise suppliers talking to each other. Oh, they use to talk – the retailer would talk to the sales guy who sold them the goods and to the credit guy who called if payment was slow. Trouble was all the people in between weren't conversing. In the early nineties, deductions started to appear on remittance notices, check vouchers, green bar paper, and files on floppy discs (remember those?); e-mail was still five years ahead.

In the meantime, retailers were expanding their logistics, EDI, and floor ready requirements to require value-added services (VAS). They were rolling out new and innovative transportation management systems (TMS), expanding EDI documents, and introducing new compliance portals while the merchandise suppliers raced to keep up with new warehouse management systems (WMS), involvement of 3PL's, etc.

Back in 2006, suppliers claimed these as the top seven issues that needed to be addressed:

  • PO/ASN Violations
  • Label Issues
  • Pricing Errors
  • Shortages
  • Ticket/Tag Issues/Product Identification
  • Early/Late shipments
  • Returns
Sound familiar? Today, you might want to add inventory flow and omni-channel issues such as drop ship.

What's new on the horizon? Here's a list of issues/requirements that we believe will come into play in 2015 and beyond:

  • Inventory Integrity
  • Expanded Product Images and Attributes Data
  • Reducing Safety Stock from Inventory
  • Improving Inventory Visibility
  • Boosting Key Fill Rate and Replenishment Metrics
  • 100% EDI Compliance
  • RFID Implementation and Compliance
  • Data Share and Vendor Portals
  • Omni-channel/Mobile Everything

Doing business in retail can have its challenges; to keep up with the times you need to make a commitment to resources, technology, and people. You can't go it alone anymore, you need a safety net, a place to discuss not only best practices, but how do to put them into place. Adjustments can come later. Retailer requirements are ever changing – we've tracked over 4,800+ changes via the RVCF Compliance Clearinghouse in 2014 alone!

The 2015 RVCF Spring Conference is a celebration not only of RVCF's anniversary, but of the retail community as a whole. Yes, trading partners can work together for the common good…a profit!

Kim
kzablocky@rvcf.com
(646) 442-3473

CLICK HERE to return to the JANUARY 2015 RVCF LINK

Tags:  15 Year Anniversary  RVCF Spring Conference 2015 

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