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How to Relieve Labor Shortage Challenges with Vendor Managed Inventory

American City & Country

Follow along below to see how Lawson Products , a leading distributor of fleet and facility maintenance solutions, can transform the way facilities and procurement departments procure and manage supplies through Vendor Managed Inventory (VMI) services and dedicated support. What is Lawson Vendor Managed Inventory?

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Procurement strategies shifting to restore growth post-COVID-19, reveals Ivalua research

ivalua

However, the research reveals that many organisations feel their procurement strategies are being hampered by outdated technology: Organisations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value from technology solutions.

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Procurement Strategies Shifting to Restore Growth Post-COVID-19, Reveals Ivalua Research

ivalua

However, the research reveals that many organizations feel their procurement strategies are being hampered by outdated technology: . If procurement leaders don’t overcome technology challenges now, they risk missing growth opportunities and ensuring resilience for the future.”. Inventory challenges are also slowing cash flow.

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Procurement Digital Transformation Sets the Stage for Delivering Game-Changing Benefits for Ahlsell

ivalua

“Having successfully digitized the entire Source-to-Pay process, Ashell is on the path to evolving Procurement from a cost center into a competitive advantage.”. Improve cash positions by optimizing the gross margin return on inventory. Extend risk and performance mapping with external data sources and alert systems.

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The Coronavirus Is Shattering Traditional Supply Chains

ivalua

But for those that have put smart procurement strategies in place, while digitizing supplier relationships, manufacturing and other aspects of business operations, it’s a situation made more manageable.

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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. Are you ready to strengthen your procurement strategies and safeguard your supply chain?