Everyone we speak to, including customers and potential clients, and both retailers and vendors, stress the need to share mission-critical performance information with their suppliers in a timely manner.
Sugar Land, TX (PRWEB) October 07, 2014
Compliance Networks, the leading provider of vendor performance optimization solutions, today announced On-Demand Vendor Scorecards, a solution which enables retailers and vendors to deploy scorecards of key metrics to their suppliers in 30 days or less.
Today’s supply chain environment is growing more complex with particular regard to speed and requirements. On-Demand Vendor Scorecards provides both retailers and vendors the ability to disseminate key metric information to their supplier base on a consistent basis, enabling greater collaboration and ongoing supply chain performance improvement.
“We are excited to offer this solution to the marketplace,” commented Greg Holder, CEO and Founder of Compliance Networks. Holder went on to add, “Everyone we speak to, including customers and potential clients, and both retailers and vendors, stresses the need to share mission-critical performance information with their suppliers in a timely manner. It makes absolute sense to add this solution to our portfolio of supply chain performance optimization solutions.”
Retailers and vendors will provide Compliance Networks their key supplier performance information in a secure, encrypted environment each month. Compliance Networks will then format the information into a scorecard that reflects the retail client’s supply chain strategy and immediately e-mail it to their trading partners.
Compliance Networks will also provide an online portal where suppliers can log in and review their supply chain performance history. “The solution is ready for immediate deployment and clients are typically looking at a 30-day implementation timeframe,” according to Richard Wilhjelm, VP, Sales & Business Development for Compliance Networks. Wilhjelm went on to add, “We hear time and time again from our potential clients that, like their products, performance data has a shelf life and unless they can get their metrics to their trading partners in a timely manner to affect change, the information is meaningless.”
Compliance Networks is the leading provider of vendor performance and supply chain visibility solutions for retail trading partners. Compliance Networks’ solutions enable retailers and suppliers to optimize merchandise flow within their extended supply chain operations resulting in increased customer satisfaction, profitability and shareholder value. Since 2000, Compliance Networks is proud to serve suppliers and leading retailers such as Kohl's, Burlington Coat Factory, Pep Boys, Stein Mart, The Sports Authority, Bon-Ton Stores, Pac Sun, Bob's Stores and others.