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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?
However, the research reveals that many organisations feel their procurementstrategies are being hampered by outdated technology: Organisations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value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.
However, the research reveals that many organizations feel their procurementstrategies are being hampered by outdated technology: .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.
“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.
But for those that have put smart procurementstrategies in place, while digitizing supplier relationships, manufacturing and other aspects of business operations, it’s a situation made more manageable.
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 procurementstrategies and safeguard your supply chain?
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