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In 2019, Retailers and Suppliers Will Need Each Other More than Ever

Posted By RCVF Admin, Monday, October 29, 2018

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In 2019, Retailers and Suppliers Will Need Each Other More than Ever
by RVCF
 

It’s no secret that many retailers and suppliers are facing serious challenges as they adapt to a quickly changing retail landscape. You have significant consolidation among both retailers and suppliers. Many companies have replaced seasoned professionals who knew how to achieve progress through collaboration with inexperienced folks who are forced to learn on the job, all in the name of cost-cutting and reducing headcounts.

Many retailers that were at one time among the most successful and respected in the industry no longer exist. They failed to adapt to new competition, new order fulfillment models, and new customer demands. Consolidation has made organizations on both sides larger, but the bigger they are, the harder they fall.

That said, retail is ripe with opportunity. Those who are willing to do the work to evolve and grow aren’t talking about survival. They’re talking about taking their success to new heights.

As we prepare for 2019, retailers and suppliers need each other more than ever. And RVCF membership creates more opportunities for collaboration than any organization in the industry.

This was evident at the 2018 RVCF Fall Conference. With more than 35 retailers in attendance, 30 educational sessions, more than 530 one-on-one meetings between retailers and suppliers, and peer-to-peer discussions about supplier relationship management and customer relationship management, collaboration was constant – and productive.

We plan to carry that momentum into 2019 and provide our members with the information, resources and collaborative opportunities they need throughout the year.

We’ll cultivate the concept of unified commerce in which there are no separate shopping channels with separate inventories and customer bases. Rather than brick-and-mortar commerce, e-commerce, mobile commerce, social commerce, etc., there is simply commerce. Unified commerce.

We’ll focus on the importance of data and how to use it. We’ll continue to look for ways to enhance drop ship strategies and develop best practices. We’ll advocate for the Perfect Order – on-time, in-full, damage-free, with accurate documentation.

Everything we do is designed to accelerate the error-free flow of goods through the supply chain, while controlling costs, and improving margins for both retailers and suppliers. RVCF members benefit from our initiatives, events and educational content, as well as our technology solutions and consulting services, throughout the year.

But you can’t sit on the sidelines. You have to get involved. You have to show up. You have to participate. You have to work with your peers and trading partners to find solutions and create competitive advantages instead of waiting for them to fall onto your lap.

2019 will undoubtedly be a rough year for some retailers and suppliers. For others, it has the potential to be the best year ever. What kind of year will it be for you?

I ask that question because I believe the answer is a choice, not a predetermined outcome. I hope you’ll choose success and become a member of RVCF to put your organization in a better position to succeed.

Please visit the RVCF website to learn more about membership, and feel free to contact any member of the RVCF team with questions or ideas about what we can do to better serve the retail community. Remember, RVCF exists to bring retailers and suppliers together to solve problems and grow profits. We hope you’ll join us.

 

Tags:  Collaboration  Membership  retailers  RVCF  Suppliers 

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From the Desk of Kim Zablocky: RVCF Is Our Name

Posted By Evie Hooper, Thursday, April 14, 2016
Updated: Thursday, April 14, 2016


A few weeks ago, we unveiled our new, mobile responsive website – complete with new branding. We hope the new website makes it easier for you to understand what we do, find the resources and information you need, register for upcoming events, and connect with your peers and trading partners.

But how did we get here? Why are we here?

I think it might be helpful to briefly chronicle the history of RVCF so you can see how and why we became what we are. Many in the industry fondly remember RVCF's predecessor, the Vendor Compliance Federation (VCF), which we originally founded to help merchandise suppliers. However, we quickly realized we needed support from chain retailers as well, so we started the quest to get them involved.

We originally went with the VCF name because it was directly tied to a retailer's vendor compliance policy and vendor compliance failures were (and remain) serious for both suppliers and retailers, impacting efficiency, profits and customer satisfaction. However, the only true solutions were to be found by getting both suppliers and retailers to collaborate more effectively.

Fast forward to 2012. Our years-long effort to get the retail industry involved had succeeded and, by that point, we had gotten up to 30 chain retailers participating. In response to this, we expanded our programming to address retailer needs. At the same time, we've always stayed true to our original mission to support merchandise suppliers.

We had to fully recognize the now broader mission to encompass the entire "retail value chain" – that is, the varied activities that make it possible for a business to sell its products to consumers. As such, a subtle, but very significant, name change was in order. In January 2013, we became the Retail Value Chain Federation (RVCF), which exists to make both sides of the trading partner relationship more efficient, productive, and profitable. Our goal is to replace frustration and complexity with a new era of collaboration between retailers and suppliers.

Are we at the finish line yet? No. Have we made a huge amount of progress? Absolutely.

There is no doubt that RVCF is a name that reflects and defines who we are and what we do today. We have moved on from VCF, as have our materials, social media accounts, etc. We've reached out to all members to request that they use RVCF when referencing our organization on their websites and in their compliance guides.

"Turn the page" as Bob Seger used to say.

We're proud of our VCF heritage, but we are even prouder of what we and the industry have been able to accomplish since the evolution to RVCF more than three years ago. We are now over 60 national retailers and growing. We have evolved as the industry has evolved. We have assumed the responsibility that comes with being a go-to resource for information and collaboration, and we are excited about the opportunities that lie ahead.

So, on behalf of your highly committed team here at RVCF, we thank you for your participation, friendship, and effort to help us achieve our mission.

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

CLICK HERE to return to the APRIL 2016 RVCF LINK

Tags:  name change  Retail Value Chain Federation  RVCF 

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