07 Jun 2022 By PAYCEC
When vendors fail to achieve previously agreed-upon service criteria, chargebacks occur in the supply chain. This could be anything from the timely provision of vital shipment information to inadequate packaging or inaccurate labeling when the products are delivered.
Vendor chargebacks happen in the retail industry when brands fail to meet scorecard requirements. Out-of-compliance shipments waste time and money, and they can lead to sales losses (out-of-stocks). Retailers use financial adjustments against invoices to make up for lost revenue and time.
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