This Toy Fair Credit Meeting session will help vendors of any scale address what we have found to be the leading causes of low OTIF scores. - Paul Warren, VP, Director of Consulting at Enhanced Retail Solutions
NEW YORK (PRWEB) January 09, 2018
Enhanced Retail Solutions, a leading provider of Software-as-a-Service (SaaS) retail analytic and demand planning solutions to suppliers, licensors and their retail trading partners, today announced that Paul Warren has been selected as a speaker during the upcoming conference on Monday, February 19, 2018 at the InterContinental Hotel in New York City. The topic’s title will be: “Partnering with Walmart to Improve Your OTIF Score” to help Walmart vendors eliminate errors as well as audit and correct vendor lead times for deliveries.
In the past decade Walmart has made several attempts to increase vendor accountability, gradually tightening the window for orders to arrive at stores and still be considered “on time” and constantly monitoring fulfillment rates. Their new implementation is defined by a switch from previous tracking via “MABD” and “Fill Rate Compliance” to a new acronym representing a combined scoring under the guise of OTIF (On Time, In Full). At the same time they have switched to this new tool, Walmart has again shortened the window of what is considered “On Time”.
“These new benchmarks and standards are now live as of August, but it's not too late to get back into compliance," says Paul Warren, VP, Director of Consulting at Enhanced Retail Solutions. “This Toy Fair Credit Meeting session will help vendors of any scale address what we have found to be the leading causes of low OTIF scores."
Toy Fair Credit Meeting is held annually in conjunction with the North American International Toy Fair. The meeting is the largest education and networking forum organized by the Toy Association for credit managers and senior finance and operations executives of its member manufacturing companies participating in the Credit Interchange Program. It offers attendees immediate updates on the status of current affairs in the retail industry delivered by top expert analysts, bankruptcy attorneys and leading retail partners. Registration is open exclusively to eligible manufacturing members.
About Enhanced Retail Solutions LLC:
Enhanced Retail Solutions is a software and consulting firm specializing in retail analysis and demand planning for manufacturers, licensors and their retail partners. ERS' state of the art software tools and consulting deliver critical data quickly, easily and cost effectively, adding over one hundred million dollars to their clients' bottom line. ERS' broad customer base includes industry leaders in the toy, electronics, consumer products, apparel, footwear, home textile, home décor, home improvement, housewares, jewelry and food industries. Headquartered in New York City, Enhanced Retail Solutions has offices in the Dallas, TX and development in the US, Cork, Ireland and Delhi, India. For more information, visit http://www.EnhancedRetailSolutions.com.
About The Toy Association™:
Founded in 1916, The Toy Association™, Inc. is the not-for-profit trade association representing all businesses that design, produce, license, and deliver toys and youth entertainment products for kids of all ages. Its 950+ members drive the annual $26 billion U.S. domestic toy market, and the organization has a long history of propelling the health and growth of the toy industry, which has an annual U.S. economic impact of $107.5 billion. For more information, visit: http://www.toyassociation.org/.