Remember the old business maxim — 9 out of 10 unhappy customers don't complain — they just take their business elsewhere. When the right merchandise does not make it to the store at the right time, in the right quantity, in the right configuration, and in good, saleable condition, it is a lost sale waiting to happen.
Unfortunately, the problems don't stop with lost sales and lost customers. When the supply chain fails to effectively execute the merchandising plan, buyers struggle to plan future purchases. Sales data that is corrupted by factors other than customer purchasing habits loses value as a forecasting resource.
A best-in-class Vendor Compliance program enables retailers to gain control of their supply chains by providing accountability to vendors and other stakeholders, visibility into internal and external supply chain activities, and predictability for future supply chain performance.
Submitted by Compliance Networks