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Target CEO Brian Cornell told Wall Street financial analysts on Feb. 28, 2017, that over $1 billion will be “spent” on price reductions in 2017 and beyond. This means vendors will be pressed even harder for deeper discounts and allowances.
This added pressure for vendors will result in more complex transactions to ensure that specific dates match the time of the discount or allowance on invoices (EDI 810). The two challenges from the B2B perspective are:
- Learning the precise details of the required discount.
- Transmitting the details of the discount accurately reflect the required transaction
If the detail is not accurate, the invoice will be rejected which can lead to lost profit.
DCS recommends that you analyze the SAC segment where discounts are stated on the invoice to ensure your company does not suffer losses. Our DCS EDI Specialist can assist you to ensure that you are meeting Target’s requirements. Contact us today!
