Standard Products to Start TrueCommerce Vendor Managed Inventory Program
June 25, 2018
Montreal-based lighting manufacturer Standard Products Inc. has entered into an agreement to use TrueCommerce’s vendor managed inventory (VMI) platform. Standard joins a growing number of leading industrial companies to implement VMI to better manage distributor relationships and optimize inventory investment.“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,” says Standard CEO David Nathaniel.
According to TrueCommerce Datalliance Industrial Director of Sales Tom Hoar, utilizing the VMI platform will give Standard a better handle on what their distributors need without overstocking them. “This is going to ensure their most in-demand products are always available, and it’s going to streamline the ordering process for their distributors. And that’s how industrial suppliers build stronger relationships,” he says.
TrueCommerce Datalliance is part of TrueCommerce, a global provider of trading partner connectivity and integration solutions. With unified commerce services and apps, TrueCommerce connects customers, suppliers, channels, and systems through a global commerce network that includes more than 92,000 pre-connected retailers, distributors and logistics service providers.
