Magazine distributor NDD had hoped to have introduced a more immediate credit process for magazine returns processed by newsagents through XchangeIT. These changes are now not expected before March. This will disappoint many newsagents who committed to XchangeIT on the promise of faster returns processing.
The issue here is cash-flow. Every copy returned reflects cash owed the newsagents. The poorer performing the title the more cash owed.
A fairer financial model for magazines would be where we pay on scanned sales. As it stands, newsagents and publishers carry the risk and distributors nothing. They are paid for everything they do regardless. Every day we wait for a credit for stock which has failed is a cost to our business.
The only one i see doing faster returns is network GG still does not let you return stcok on the last day of the month yet network let you do it . Sometimes you need that last day of the month returns to be included on the same montth especially when a wednesday lands in that period and being a 5 week
if there capable of billing us for stock deliverd on the 30th they should be able to do the returns as well
100% Correct!! Shaun