Credibility

Contract Negotiations and Business Credit

Companies don’t always need to use contracts when doing business, but there are times when a contractual relationship is necessary. Contracts can take many forms, including lease and rental agreements, contracts to purchase products, distributorship agreements, and contracts between businesses and their consultants. Since the contract defines a legally binding relationship between parties, it’s important that both sides carefully review the…

logistics

Walmart Cracks Down on MABD: How to Stay in Compliance

To say that Walmart has undergone some changes over the past few years is a serious understatement. In fact, it could be said that Walmart is undergoing an evolution. What does this mean for suppliers? Evolve or risk being left behind. Walmart is actively working to improve every aspect of its business, including making sure that merchandise is where it is…

Health Care Millennial

Millennials Take DIY Approach to Healthcare

Analysts have long known that Millennials have DIY tendencies, so it’s perhaps no surprise to learn that this demographic often treats its own ailments. In a recent episode of Focus on Suppliers, Saatchi & Saatchi X’s Jessica Hendrix noted that 43% of Millennials use over-the-counter remedies. This age group is also the number one user of in-store clinic services. There are two…

Assortment vs. Shipper

Ask the Expert: What Is the Difference Between a Shipper and an Assortment?

Q: What is the difference between an assortment and a shipper — and when do I need to use them? First things first: Assortment is a term used to describe more than one item with different UPC codes grouped together for shipping and/or ordering purposes. The Prime or Parent is the Walmart item number representing the group of individual items to be…

personalization

The Key to Capturing Millennial Attention? Personalization

As the buying power of Millennials increases, so does the demand for product personalization. According to a study by Advertising Age, by 2017 Millennials are expected to spend $200 billion annually, making them the largest consumer generation in history. This generation is known for being tech-savvy, digital-driven, and highly brand loyal. But how do you reach them when they’re constantly absorbing…

Memorial University - Project SucSeed

Meet the Team that will Represent Canada at Enactus World Cup 2016

Memorial University of Newfoundland was named the 2016 Enactus National Champion by Enactus Canada and will advance to represent their country at the Enactus World Cup taking place in Toronto September 28-30, 2016. Each year, a select group of 3,500 student, academic and business leaders from around the world meet at Enactus World Cup to share projects of entrepreneurial action and…

interstate commerce

What You Need to Know About the Fair Labor Standards Act

Earlier this year the U.S. Department of Labor announced a new ruling in overtime laws called the Fair Labor Standards Act (FLSA). The Act updates overtime rules to be consistent with today’s economic climate. Today, a professional exempt employee paid a $40,000 salary while working a steady 60 hours a week earns less than the minimum wage when pay is broken…

Joel Graham

Ask the Expert: Do I Even Want to Be 100% In-Stock?

Q: “Currently, each of our items has an in-stock threshold of 99%. Our buyer is asking when we will be at 100%. Is this feasible? How big of a difference is 1%? How do I handle this?” In retail, there will always be a push and pull between these competing demands: to drive sales and to maximize profitability of inventory investment.…

Food Bank - girl eats apple

Northwest Arkansas Food Bank Has a Passion for Hunger

If you’re reading this article in the middle of the day, your mind will be tempted to wander: “Where should I go for lunch today? I need to stop for groceries on the way home. Maybe I’ll pick up some take-out after work.” With so many food options in our area, it’s surprising to learn how many of our neighbors are…

enactus

Find Inspiration at Enactus World Cup 2016

Social entrepreneurship is drastically changing the corporate landscape. Is your organization ready? On September 28-30th, 2016 a select group of 3,500 student, business, academic and government leaders from around the globe will unite in Toronto, Canada for Enactus World Cup, three unforgettable days of collaboration, competition and celebration. Enactus, an international nonprofit organization with 70,500+ student members from 1,700+ universities in…