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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...
Supply Chain Sustainability
New Dominion Consulting emphasizes the importance of incorporating sustainability into supply chain management, touting benefits such as cost reduction, improved reputation, increased customer loyalty and environmental impact reduction. The firm states that consumers increasingly demand sustainability and its inclusion sets brands apart. Its team offers assistance in developing and implementing sustainable practices, including strategies to reduce carbon footprint.
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