STANDARD Products to Start Vendor Managed Inventory Program

World News: . []

CINCINNATI, June 13, 2018 (GLOBE NEWSWIRE) -- TrueCommerce Datalliance announced today that STANDARD Products Inc., a Canada-based lighting manufacturer, has entered into an agreement to use its (VMI) platform. STANDARD joins a growing number of leading industrial companies to implement VMI to better manage distributor relationships and optimize inventory investment.

TrueCommerce Datalliance Industrial Director of Sales Tom Hoar said, “STANDARD already provides great lighting products for their distributors. By utilizing our VMI platform, they are going to have 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.” 

The early stages of a VMI program are critical for a . Hoar commented, “Once a contract is signed, our team begins the process of thoroughly cleaning a supplier’s product data to ensure that everyone, including distributors, has the same information. This enables our team to help a supplier and their distributors set key performance indicators and expectations, which, ultimately, will be how the program’s success will be judged. We look forward to seeing the numbers.”

TrueCommerce Datalliance is part of TrueCommerce, a global provider of trading partner connectivity and integration solutions. With 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.

With our flexible, integrated and fully managed service solutions, customers of any size can easily connect and collaborate with any trading partner while enjoying the peace of mind of a proven service platform that reliably handles hundreds of millions of transactions annually without the need for any customer interaction.

From the factory to the warehouse, from distributor to retail storefront, achieve new levels of business connectivity and performance with the world’s most complete commerce network.

TrueCommerce: Connect. Integrate. Accelerate.For more information about TrueCommerce Datalliance, visit .

To learn more about STANDARD, visit .

More news and information about TrueCommerce

Published By:

Globe Newswire: 15:00 GMT Wednesday 13th June 2018

Published: .

Search for other references to "standard" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us
 

Advertising on SPi News: Information For Advertisers