The need for effective collaboration using data is increasingly imperative to deriving improvement and financial benefit for both the retailer and supplier. Progressively, many retailers are going after ROI and focusing on the value that data can provide.
The increased demand we are seeing in the market for a configurable portal for supplier onboarding, self-service, e-invoicing, PO flip and dynamic discounting is converging with retail trading partners interest in increased collaboration through a portal.
The results of our Trading Partner Interface of the Future Survey indicated that more than 90% of respondents are sharing data via email, which isn’t effective when you consider the breadth and depth of data needed to optimize complex supply chains.
Since more than 80% of the respondents to the Trading Partner Interface of the Future survey indicated that they already share accounting/invoice/payment information with their partners, we see this as a point of leverage for other value-added functions; an area that wasn't expressly covered in the survey is the concept of risk scoring or vendor vetting, which is another category of frictionless trading partner collaboration.
The purpose of this project is to conceptualize the next generation collaboration interface - the Trading Partner Interface (TPI) - outlining key strengths and the ability to address current and future trading partner needs with simplicity, integration and intuitiveness. The interface will:
- Drive value for all trading partners in the extended value chain.
- Leverage meaningful, actionable data to improve productivity and profitability, and to support enterprise-wide initiatives.
- Deploy proven and emerging technologies that bring value to trading partner interaction.
In this webinar we will aim to help you:
- Understand what the next generation of data sharing is, and what it isn't
- Learn how the finance-related communications and functions can be a point of leverage for retailer/supplier collaboration, as well as the importance of addressing risk in onboarding suppliers and complying with tax and other regulations
- Become more agile, more innovative, more efficient and more responsive to consumers by improving what data you share
- Provide guidelines for the most effective means of sharing data for supply chain and category management
- Create Collaborative Business Processes with suppliers to edge out your competition
- Build a more agile supply chain with accurate, complete, and real-time supply chain data
- Understand how scorecarding can be an effective tool for sharing trading partner performance
Bottom line: It's all about creating less friction in the trading relationship, more accuracy, less risk, and passing data without manual efforts.
Michele Arndt, Sr. Director of Business Solutions, APEX Analytix
Michele Arndt is the Sr. Director of Business Solutions at APEX Analytix, working with our FirstStrike® software clients and the APEX Analytix sales team in a pre-sales consulting role. Michele has over thirty years of Accounts Payable experience, including thirteen years in the Post Audit industry and eight years with software implementations (Imaging and Audit). A published writer, Michele is a founding Board Member and active member of the Institute of Financial Operations.
Jennifer Beasley, General Manager, Retailer Programs, Retail Solutions Inc. (RSi)
Jennifer Beasley has nearly 20 years of experience working with and for retailers; she has substantial expertise in various areas, including Supply Chain, Category/Merchandising, Strategic Planning, and Research. She developed next generation collaboration strategies and tools, which are now being deployed at 5 of the top 25 largest US retailers and being tested at 14 others domestically and abroad. In her free time, she can be found sailing and SCUBA diving.
Kevin Harris, Director, Compliance Networks
Kevin Harris is the Marketing Director for Compliance Networks. Kevin has nearly 10 years experience as a project and marketing manager with Compliance Networks, helping retailers develop and implement process and profit-improvement solutions. Kevin has managed successful distribution operations for very large and small retailers and manufacturers. He got his start in operations and logistics in 1983 as an infantry officer in the U.S. Army, serving in the 3rd Ranger Battalion.