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Latest Posts
The Supply Chain Outlook is Improving
The Global Supply Chain Pressure Index (GSCPI), monitored by the Federal Reserve Bank of New York, fell below its historical average in February 2023, indicating reduced supply chain pressures. Though providing relief for businesses, experts caution against neglecting supply chain management and advocate transforming supply chains for increased resilience and flexibility.
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Importance of Category Management
New Dominion Consulting emphasizes the importance of category management for successful procurement, which can reduce costs, increase efficiency, and promote growth. The process involves classifying procurement spending to identify cost-saving opportunities, negotiate better supplier contracts, and improve relationships. By focusing on individual categories, businesses can tailor strategies to align with their goals. New Dominion offers expert assistance in developing and implementing these strategies.
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High Wholesale Inventory Levels & Procurement Leverage
Many wholesalers are still dealing with high inventory levels built up in response to ocean freight delays and logistics uncertainty in 2022. This excess inventory can represent a great opportunity...