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VENDORCOMPLIANCE.INFO

Specializing in EDI and vendor compliance for manufacturers, distributors, &  retailers.

Key Aspects Of Vendor Compliance

 It is very important to note that while there are generally accepted industry standards for vendor compliance, (i.e. carton barcode label formats, shipping documentation formats, UPC hangtag or label formats, EDI document formats), these industry standards are open enough to allow for variations on a customer-by-customer basis.  This is no different than the GAAP (Generally Accepted Accounting Principles) rules that govern accounting processes - even within GAAP there are several ways of doing the same thing (such as taking depreciation on assets). 

This is the frustrating part of vendor compliance for companies, especially when it comes to making their computer systems work for the requirements of all their customers with compliance requirements.  Vendor compliance can be an expensive undertaking for a company, and can cause upheaval to procedures and current (typically loose) business practices.  However, if approached in the right way, vendor compliance can absolutely lead to more efficient procedures and greater sales to larger customers, resulting in greater growth for a company.

Click here to review the different areas of a company impacted by vendor compliance.