Articles
RSSBest-In-Class Vendor Compliance By Kevin Harris, Compliance Networks, LLC
October 11, 2007
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•Article: Vendor Compliance
•Article: Vendor Compliance
•Article: Vendor Compliance
Granted, the carrot can be more effective than the stick, but neither compares to the crystal ball
Many areas affect the flow of merchandise from supplier to store floor, but all of them fit into either of two spheres of influence – internal or external stakeholders. Internal stakeholders include merchants, planners, allocation and distribution, while external stakeholders include carriers, vendors, and other third-party logistics providers.
Best-in-class compliance programs that influence external stakeholders to support an organization's internal merchandising plan are built according to the following requirements.
The retail enterprise compass check:
- Define the retail enterprise's goals
- Define the commensurate supply chain objectives
- Define the expectations these objectives imply for supply chain stakeholders
- Define rules necessary for ensuring supply chain compliance with these objectives.
•Article: Vendor Compliance
