11. Green Retailing
Many stores are adopting environmentally-friendly practices and, as a supplier, you may be asked to do anything from ship differently to change the packaging if you want to have your product in a store.
12. Integrated Supply Chain
EDI and order management are key elements of this network of businesses and contractors that work together to manufacture, transport, distribute, and sell retail goods. When a supply chain is truly integrated — and we have an Integration team — data flows easily and goods move quickly.
13. Keystone Pricing
Many retailers will use this formula. They sell at double the wholesale price for two reasons — it’s simple and it usually covers cost while providing sound profits. It’s really KISS — Keep It Simple, Stupid.
14. Mobile Shopping
Thanks to smartphones and tablets, people are buying nearly all the time, no matter where they are in the world. It’s online shopping with smaller screens.
Oh, you’ll hear this one plenty. If you’re a supplier, you want to sell in many locations. If you’re talking about omnichannel, your products are in stores, online, in catalogs, in pop-up stores — basically anywhere that makes sense for your brand. The challenge is making sure you have a system in place to manage it all and bring all the information together.