Retail Value Chain 101: RVCF Spring Conference Insights - What's Negotiable and What's Not in a Compliance Program
At the recent RVCF Spring Conference in Clearwater Beach, we held two separate sessions – one with retailers and one with merchandise suppliers – in which we had very candid, honest discussions about compliance programs. More specifically, we talked about what's negotiable and what's not and how to approach negotiations. By hearing the viewpoints of both sides of the trading partner relationship, we gained valuable insights into the compliance landscape and a fair amount of consensus in several areas. Here are the highlights.
Retail Value Chain 101: RVCF Spring Conference Insights - Tips for Reducing Shortages
We've often referred to shortages as the untamed animal of the retail industry. Whether they're caused by poor packing practices, a lack of discrepancy and damage reporting by a transportation provider, or a lack of communication between trading partners, shortages tend to cause chaos and confusion when not properly addressed and controlled. This chaos and confusion slows the flow of merchandise through the supply chain and eats into profits.
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 member Masterbuilt.
Yusen, We Have a Problem!: The Future Will Be Digitized
Kirk White, Yusen Logistics (Americas) Inc.
"The Times They Are a-Changin'" – Bob Dylan
"Unfortunately, no one can be told what the Matrix is. You have to see it for yourself." – Morpheus
"The Future's So Bright, I Gotta Wear Shades" – Timbuk 3
This is one of THOSE moments. Believe it. Take note because you will one day (probably sooner than any of us can imagine) look back and realize that 2018 was the year where the supply chain went all digital on us.
Update and Key Developments on U.S. Increased Tariffs under Sections 232 and 301 – What Manufacturers, Importers and Retailers Need to Know
Melissa Proctor, Miller Proctor Law PLLC
In March 2018, the Trump Administration imposed additional tariffs on certain steel and aluminum products imported into the United States from all countries for national security reasons in response to an investigation conducted by the Commerce Department's Bureau of Industry and Security ("BIS") under Section 232 of the Trade Expansion Act of 1962. Later that month, the Trump Administration announced that it would also impose increased tariff rates on certain goods imported from China under Section 301 of the Trade Act of 1974.
Under Goodnight's Leadership, RVCF Inventory Management Initiative Hits the Ground Running
Inventory is typically the largest asset on the balance sheet for retailers and contributes significantly to the liquidity of the organization. Many retailers continue to see inventory turns slowing, which has a direct impact on cash flow. At the same time, both retailers and merchandise suppliers are under pressure to operate with leaner inventory, walking the tightrope between out-of-stocks and excess inventory.
Inventory Management Survey
We need your help!
RVCF is expanding our focus to include inventory management and we'd really appreciate your insights. We're currently conducting a survey on how to best serve the needs of this often neglected area; if you could forward this link to those in your organization responsible for inventory management and ask them to take the survey, this would help us tremendously.
Here's the link: https://www.surveymonkey.com/r/XZQ3BDB
RVCF Spring Conference Recap: Clearwater Beach, We Miss You So
Clearwater Beach lived up to its reputation as the best beach in the country as retail industry professionals gathered at Clearwater Beach Marriott Suites on Sand Key last month for the 2018 RVCF Spring Conference. Attendees got their fair share of the beach, the pool and the jet skis, but they still managed to collaborate with peers, trading partners and service providers, strengthen business relationships, and gain valuable insights and ideas to bring back to their organizations.
Here are some of the highlights from the RVCF team…
ICYMI (In Case You Missed It)
Retail Value Chain 101: Retailers Need to Understand Compliance Management from the Supplier's Perspective
Retail Value Chain 101: How to Pack Cartons Properly to Avoid Chargebacks
How to Maximize the Value of RVCF's Monthly Open Forum Calls
Compliance Is an Opportunity, Not a Problem
RVCF White Papers Shed Light on Industry Challenges, Trends and Initiatives