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Topic: procurement cost

Creating Efficiencies in Distribution Inventory

Distribution and wholesaling revolve around inventory. Distributors are in the business of consolidating procurement and minimizing cost for retailers and other businesses. Because distributors work with narrow margins and compete extensively on price, efficient inventory management is essential. Let’s look at some ways that a distributor can car ... Read More

  May 15, 2017     

A Handle on Procurement: The Cost of Purchasing Inventory

In this highly competitive economic climate, many businesses are scrambling to reduce. One expense that is often overlooked is the cost of procurement – that is, the cost of purchasing inventory for use or sale. Although the key cost of procurement is the per-item cost (the sticker price, in other words), any business will incur a […] ... Read More

  May 12, 2017