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How to Relieve Labor Shortage Challenges with Vendor Managed Inventory

American City & Country

By: Lawson Products In today’s fast-paced world, efficient procurement is crucial for any entity. As procurement professionals, you are constantly balancing tight budgets, increasing demands, and the need to streamline operations. What is Lawson Vendor Managed Inventory?

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The Impact of US Tariffs on UK Supply Chains: What You Need to Know

Oxford College of Procurement and Supply

Implement Strategic Inventory Management Where feasible, stockpiling critical items before tariffs take effect can help manage costs. However, this strategy must be balanced against the costs of storage and the risk of excess inventory. These tools can also help in scenario planning and making informed decisions quickly.