Making the Exchange
Specialized transactions are additionally supported. Through its Product Design and Pre-Production Approval service, the WWRE provides a Web-enabled collaborative environment for private-label product creation. The product offerings will allow business teams on both the vendor and retail fronts to work together to create new products in real time. The program even allows a retailer to manage pre-production approval activities.
But as with any service offered the bottom line is what it will cost to the retailer. Dyer said that the company uses a "single total exchange subscription fee."
He explained that the retailer pays a single, annual sum of money for access to all of the exchange services, but the fee varies on a sliding scale. Dyer said, "The bigger the retailer, the more they pay." He added that the same is true of suppliers.