By: Yan Krupnik, Marketing Manager,
Retalon
One of the most challenging aspects of the retail process is the collaboration between retailers and their suppliers or vendors. No matter how prepared a retailer can be they are still dependant on the vendor to provide the expected service. (and vice-versa) Furthermore, vendors are constantly offering retailers deals on shipments (quantity discounts, prepacks etc.) but how can a retailer predict whether or not this will be a profitable arrangement? What is the best way to optimize vendor compliance, cut inventory costs, and increase profit margins? Traditional Vendor Compliance Traditionally retailers managed vendor compliance through scorecards that measured
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