With major retailers continually squeezing costs out of their supply chains, many are demanding that suppliers reduce order turnaround times and decrease the amount of time they have to spend handling and storing merchandise at the DC and store level.
Those vendors who don’t comply with these new requirements face chargebacks and deductions that can quickly drain profit and negatively impact the supplier-retailer relationship.
Over the next few pages, we will look more closely at the ever-changing compliance requirements being imposed on suppliers, discuss the role that logistics services providers can play in helping shippers meet these requirements, and show how one North American shipper is successfully overcoming the challenge by partnering with its third party logistics provider (3PL) to ensure compliance across the supply chain.