Standard Signs Vendor Management Inventory Agreement

Standard

February 9, 2018

Standard has entered into an agreement with TrueCommerce – Datalliance, and will use its platform to provide vendor managed inventory (VMI) added value services to Standard’s strategic customer base.

Standard CEO David Nathaniel believes that “VMI will be a tremendous asset that will allow us to work and collaborate with our customers to drive top performance.” He goes on to say that, “with lighting technology and products changing at such high speed, working with our partners to make sure they are carrying the right products and quantities in stock and keeping their inventory clean will drive sales and profit growth.”

Standard will pilot and grow its VMI capabilities in 2018 and will roll out selectively with key partners in 2019.

TrueCommerce is the world’s most complete trading partner platform, offering connectivity to 92,000 retailers worldwide.

Image source: TrueCommerce – Datalliance.

Read CEW Managing Editor Line Goyette’s 2015 profile of David Nathaniel: http://www.canadianelectricalwholesaler.ca/peers-profiles/651-david-nathaniel-a-talent-for-being-there-at-the-right-time

Related Articles

Changing Scene

  • On the Path to $1 Million: Celebrating $815,509 Raised for Canada’s Children’s Hospitals

    On the Path to $1 Million: Celebrating $815,509 Raised for Canada’s Children’s Hospitals

    Gescan is proud to share an incredible milestone: since 2022—together with its customers, supplier partners, and employees—Gescan has raised $815,509 in support of children’s hospitals across Canada. Through its annual charity golf tournaments, branch-led fundraising events and generous employee contributions, this collective effort continues to make a meaningful difference for young children and their families. Read More…

  • Wesco Dartmouth Spends Day Giving Back at Feed Nova Scotia

    Wesco Dartmouth Spends Day Giving Back at Feed Nova Scotia

    In a recent LinkedIn post, Derek Kelly, the Senior Director of Safety of Wesco for Eastern Canada, thanked Jason Lock and Tim Rees for helping Wesco in giving back to the community by organizing the sorting of 1900kg of food to ensure the quality of the product was good and had not expired, so food… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound