Standard Signs Vendor Management Inventory Agreement
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
