Co-Chairs:

 

Cindy DiPietrantonio, Jones Apparel Group

David Rush, Polo Ralph Lauren

 

Goal: Determine costs and reasons for vendor non-compliance with VICS FRM guidelines.

 

Objective: Assist suppliers in properly implementing VICS guidelines through training and education programs designed to ensure compliance with retailer requirements.

 

Who should participate?

  • VP Operations
  • VP Distribution
  • VP/Director Vendor Relations
  • Appropriate subject matter experts (SME's) when topics to address are identified.

Strategies: Determine proper role for VICS (e.g. repository of information vs. provider of guidance/recommendations to ease information sharing) and provide guidelines on how to recognize and assess non-compliance

 

Metrics

 

·          Ensure current VICS guidelines are clear, consistent and easy to follow

·          Determine if developing a common vendor scorecard is desirable / useful

·          Measure adoption and compliance with the guidelines via member surveys

·          Recommend changes to ease compliance, e.g. standard naming conventions

 

Current Key Initiatives

 

1.       KSA to conduct business reviews with 5 key retailers to determine components of a perfect order.

2.       Determine the impact of compliance issues on the cost of quality.

 

3.       Address the top five issues by adopting common understanding:

•           Definition

•           Measurement

•           Education

•           GCI Score Card

 

4.       Draft a Code of Conduct

5.       Draft a sustainability impact statement

6.       Utilize GXS research to develop impediments to vendor compliance

 

Key drivers

 

1.       Increasing technical capabilities within retailers that allow them to drive more granular compliance requirements and metrics leading to

a.       Increasing complexity within each one-to-one trading relationship

b.       Increasing complexity in the supply chain

2.       High costs of complying with requirements leading to inefficient supply chains, brand erosion and both consumer and shopper dissatisfaction

3.       Globalization of supply leading to longer lead times, less visibility and higher safety stock for some products

 

Want to join the VICS TPAC Sub-Committee?  Please click here to get started.

 

Committee participation is open to VICS Members only.  If you are not a member and want to learn about company-wide membership, please click here.

 

Archives

 

Title: The Destination of Choice for Actionable Research

New Strategies for Global Trade Management

Delivered by: Beth Enslow, Vice President, Enterprise Research, Aberdeen Group

Description: This PowerPoint presentation includes topics such as Global Trade Growing Pains, Best in Class Practices, and Building Preemptive Business Networks.

 

Title: UTi Presentation

Delivered to: VICS

Delivered by: UTi

Description: A PowerPoint presentation addressing data flow, documentation, shipment integrity and the future.

 

VICS members can sign in here to see these presentations and white papers. For others, see these documents and many more by becoming a VICS member. Read more about the benefits of membership and which membership level is right for you!