JCPenney Inventory System EDI Updates
JCPenney has implemented new changes to their Sales and Inventory reporting.
On July 30, 2017 JCPenney installed a new Enterprise Stock Ledger and Perpetual Inventory System. Data from the new Enterprise System will be reflected in the reports on Aug 7, 2017.
There will be no changes to the access or functionality of your reports available through the supplier portal. Please note, however, data beginning Half 2 2017 for Stores and eComm will change as outlined below:
- CMU will be calculated based on half to date GAFS, instead of being calculated weekly, thereby affecting cost inventory and gross profit.
- Division 5 – Fine Jewelry will devalue clearance merchandise at the time of markdown. This change will align Jewelry with the balance of the Enterprise.
- eComm will move to retail accounting, thereby aligning metrics and calculations with Stores.
To learn how to become EDI compliant with JCPenney or any other trading partners, Contact 1 EDI Source today!