When Compliance Matters

VENDOR MANAGEMENT

Defintion:

A vendor, or a supplier, is a supply chain management term that means anyone who provides goods or services to a company or individuals. A vendor often manufactures inventorial items and then sells those items to a customer.

Overview

Retailers rely on their vendors to provide them with a consistent supply of goods for onward sale.

A retailer could work with dozens or even hundreds of different vendors at any given time. Vendor compliance is all about setting up requirements between the retailer and the vendor in an attempt to achieve the perfect order every time and to be able to resolve issues effectively and promptly should they arise.

Vendor or trade orders drive B2B operations and these are normally bespoke by demand including time specific. Retailers will normally issue their standard supplier guidelines to each vendor relating to the presentation and delivery of each consignment and in some cases, financial penalties are levied for non-compliance.

In addition, the ability to interface with the Retailers systems can often be the difference between securing or losing a sales order. At 3P Logistics we have proven experience in fulfilling both direct to store and direct to DC and work on behalf of a broad range of vendors.

We regularly deliver into many of the major blue-chip retailers in both carton and pallet quantities. 

Top Tip:

Having a third-party logistics partner in situ can often be a stipulation by many retailers who may already have experience in supplying into the said retailer.