Retail Value Chain 101: What Is Vendor Compliance, and Why Does It Exist?
Vendor compliance is achieved when a merchandise supplier, or vendor, ships a retailer's order in a way that satisfies the retailer's requirements. A compliant shipment makes it possible for goods to move as quickly and efficiently through the retailer's distribution center to their next stop, whether it's the selling floor of the retailer's brick-and-mortar store or the customer's home.
Retail Value Chain 101: What Is Supplier Relationship Management?
Most retail industry professionals are familiar with the concept of customer relationship management (CRM). That's because most retailer organizations, like successful companies in other industries, have invested significant time and resources to implementing a CRM system that allows them to record and manage data from every customer interaction so they can build stronger customer relationships.
RVCF New Member Spotlight
RVCF is a member-based organization focused on promoting best practices, trading partner alignment and collaboration, and technology solutions to streamline operations, lower costs and speed goods to market throughout the retail value chain. RVCF welcomes new members Aqua Leisure Industries, Hyman Inc., and ICER Brands LLC.
Yusen, We Have a Problem!: NAFTA, What Are You After?
Kirk White, Yusen Logistics (Americas) Inc.
January 1, 1994, The North American Free Trade Agreement (NAFTA, to its friends) went into effect. A truly bipartisan effort, it was brokered by George H.W. Bush and implemented by Bill Clinton. It has proven to be a controversial agreement – economists say it's great for business, businesses say it's bad for manufacturing, manufacturers say it's tricky for labor, and labor says "Please don't move our plants to Mexico." The new President has called it the "single worst trade deal ever" and has vowed to either renegotiate or abandon it.
Join us on April 26th for a demo and tutorial on how to effectively use the RVCF Compliance Clearinghouse to cut back on errors and deductions. Whether you're a first time user or a long-time member, we'll show you how to make the most of this service and what it has to offer.
Chinese Telecom Company Will Pay the Largest Civil Penalties and Criminal Fines Ever Imposed for U.S. Export and Economic Sanctions Violations
Melissa Proctor, Polsinelli, P.C.
On March 7th, ZTE Corporation in China pled guilty in U.S. District Court to charges that it illegally exported U.S.-origin goods to Iran in violation of U.S. law. In so doing, ZTE Corporation agreed to pay $890 million to the U.S. Government, which represents the largest criminal fine and civil penalties that have ever been assessed against a company for violations of U.S. export controls and economic sanctions.
ICYMI (In Case You Missed It)
Best Practices for Communicating Retailer Requirement Changes
From the Desk of Kim Zablocky: Retailers Want Collaboration. Suppliers Want Forgiveness. What Gives?
U.P.C. Reuse Is Reaching a Tipping Point
Suppliers: Is a Lack of Management Buy-In Affecting Compliance?
Retailers, It's Time to Get Off the Sidelines