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The fall of Toys R Us is a wake-up call. For decades, Toys R Us was a dominant player in retail. It was a go-to store, the destination for both the latest hot item and famous established brands. At some point in life, just about everyone was a Toys R Us kid…
OTIF. It means On Time In Full. Others call it DIFOT. Delivered In Full On Time. No matter what name you give it, for suppliers trying to meet delivery standards, it could mean something else. Like OMG. As in OMG, I need to deliver when? And how much? And how much does it cost me if I don’t meet the requirements? Standards are becoming tougher and tougher. Many retailers, trying to handle the rapid shifts in consumer demand, want goods to arrive within a very specific window of time. And that window is only getting smaller. Walmart Introduces New EDI Specifications In July of 2017, Walmart changed its EDI specifications, and now requires orders to arrive within a two-day window…
An online video featured your product — and it just went viral. A genuine celebrity gave your brand an impromptu shout-out during an interview. A blogger with a massive audience gushed about one of your items in a recent post…
Turning Order Management into a Strategic Business Tool Omnichannel retail calls for seamlessly and efficiently meeting the needs of customers at every stage and every touchpoint in the retail process. As this paradigm becomes increasingly entrenched as the dominant way retailers do business, suppliers must adapt to remain competitive. Efficiency is the name of the game. The key is to find ways to dramatically streamline all order management processes while still remaining agile, compliant and keeping costs down. This is a tall order, but suppliers who succeed will not only maintain their trading partnerships, but can expect closer relationships with their current retail partners, opportunities with new partners, and an overall increase in business…
Successful Drop Ship Fulfillment Giant e-tailers like Amazon and Zappos have forever changed the retailing landscape. Consumers expect and demand maximum convenience, lower prices, a wide array of merchandise to choose from, and the ability to get products quickly. With the increasing pressure and fight for market share, more and more traditional retailers are implementing the ‘omnichannel’ model to provide customers the best of all worlds. As these retailers endeavor to seamlessly and efficiently meet the needs of customers at every stage and every touchpoint in the retail process, their supplier partners must support them in order to remain competitive…