Creating A Supplier Compliance ProgramSource: DiCentral
By Mary Kleespies, director, supply chain consulting, DiCentral
The debate on the subject of supplier compliance and chargebacks continues with one big change: it is no longer the question of whether to establish a compliance program or not, now the topic is when and how do I start a supplier compliance program. Due to the impact of the economy on retailers' bottom line, retailers simply cannot flounder on this issue. They must act immediately to ensure that they remain successful in the coming years.
I met recently with the vice president of supply chain for a Fortune 100 retailer and we agreed that the major obstacle to implementing a supplier compliance program is the merchandise (buyer) area for every organization. He told me how he handled the buyers and I will share this tip with you. He asked the buyers.