White Paper: 3 Strategies For Vendor Compliance Success

Raw material costs are rising, labor costs are rising, and logistics costs are rising. Retailers and brand owners with global supply chains are scrambling to determine how to protect product margins, despite the influence of global trade pressures. Is it more cost effective to seek new geographic areas for production? Or is there more value in strengthening trading partner relationships?

Managing expectations with global suppliers can be a daunting task because physical presence in the factory, or overseas office, is not always possible. Virtual collaboration through video conference, IM, and email are popular methods used to communicate globally, and are encouraged when building strong relationships with suppliers. Improved visibility throughout the supply chain, along with effective tracking and reporting of vendor and product data, can create new opportunities to improve the retailer supplier relationship. Coupled with Enterprise Collaboration technologies, retailers can draw an ROI directly from improved vendor compliance policies and processes.