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5 ways procurement can use trade credits to lower business expenses

Posted by Kimberly Presnail on Nov 1, 2016 3:30:52 PM

Over the past decade, the value that procurement and strategic sourcing have brought to Canadian businesses has been immense. Some of the most innovative operational streamlining and efficiency solutions that I have seen were all born from the supply chain department.   And yet, today many procurement executives are struggling to find new approaches to deliver new, sustainable value. 

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Topics: Cost Management, Corporate Trade 101, Supply Chain Management (SCM), Corporate Trade, Trade Credits, procurement, Procurement & Strategic Sourcing

Target's leaving Canada. How will suppliers respond?

Posted by Kimberly Presnail on Jan 23, 2015 11:38:00 AM

The Canadian retail space was given a wake-up call early this year, with a number of key players closing shop. Target Canada is clearly the most talked about departure, with a write-off estimated at over $5.4 billion, and 133 Canadian retail locations that will likely be closed within 16 to 20 weeks, leaving over 17,000 associates unemployed.

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Topics: Risk Management, Supply Chain Management (SCM), Inventory Turnover & Closeouts

A miracle cure for summer inventory hangover

Posted by KImberly Armstrong on Sep 11, 2013 4:29:00 PM

 

With the 2nd half of the year well underway for those companies on a calendar fiscal, many of our customers are looking closely at the balance sheet to review inventory turnover.  If you’re in sales or marketing, you’re likely looking closely at whether or not you’re on track to hit your forecasts.

As your focus shifts to executing a strong fall and winter season, inventory hangover from the summer should be the last thing on your mind. And yet, moving these assets at full value could be the difference between hitting your targets, and not. The big question is how to offload this excess without taking a loss?

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Topics: Corporate Trade Industry Report, Corporate Trade 101, Supply Chain Management (SCM), Inventory Turnover & Closeouts

The top 3 CEO profit challenges that Corporate Trade can help solve.

Posted by KImberly Armstrong on Jun 21, 2013 12:09:00 PM

Having navigated through all the turmoil of the past decade, CEOs whose job is to steer a company to profits and growth still have plenty of worries top of mind.

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Topics: Cost Management, EBIT, Risk Management, Corporate Trade 101, Supply Chain Management (SCM)

Moving excess inventory: Liquidation versus Corporate Trade

Posted by KImberly Armstrong on Apr 23, 2013 9:26:00 AM

In the past, companies have turned to liquidation to solve asset shortfalls. Today, more and more companies are maximizing asset value through Corporate Trade

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Topics: Corporate Trade 101, Supply Chain Management (SCM), Inventory Turnover & Closeouts, Capital Equipment

Is excess inventory keeping you up at night?

Posted by KImberly Armstrong on Apr 15, 2013 3:45:00 PM

Executives have a lot to think about when it comes to running a profitable, growing business.  And certainly, every Procurement Director, Brand Manager, VP Marketing, or Buyer touching a brand are faced with 100 reasons to fear inventory issues.  In the absence of a crystal ball, many have spent a few sleepless nights worrying about a plethora of market uncertainties: 

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Topics: Risk Management, Media & Marketing, Corporate Trade 101, Marketing on a Budget, Supply Chain Management (SCM), Inventory Turnover & Closeouts

Corporate trade without excess inventory.

Posted by Scott Miles on Mar 8, 2013 11:42:00 AM

I don’t have an excess inventory problem. Is Corporate Trade right for me?

The answer is yes, you can use Corporate Trade without an excess inventory problem, so long as you have an annual advertising budget of $500,000 and up.This is a common question I run into with customers, so today’s blog focuses on the subject of Bartering without inventory. Caveat: if you’re not yet familiar with Corporate Trade, I recommend you read the following blog post, and watch this video to get a basic understanding.

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Topics: Corporate Trade Industry Report, Cost Management, Risk Management, Corporate Trade 101, Marketing on a Budget, Supply Chain Management (SCM)

Enterprise risk management through Corporate Trade

Posted by Andrew Bulmer on Jan 16, 2013 4:30:00 PM

Risk mitigation has become a common buzz-phrase throw
n around offices; it’s up there with “synergy”, “cross-departmental problem-solving”, and “paradigm-shifting”. Enterprise risk management: what does it really mean?
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Topics: Corporate Trade Industry Report, EBIT, Risk Management, A Word from the Managing Director Andrew Bulmer, Supply Chain Management (SCM)

Inventory turnover stalled? Cash in with Corporate Trade.

Posted by Andrew Bulmer on Oct 22, 2012 3:57:00 PM

With the 4thquarter approaching for those companies on a calendar fiscal, financial executives are looking closely at the balance sheet to review inventory turnover. And if you’re in sales or marketing, many executives are looking closely at whether or not they will hit their forecasts. If results aren’t where they should be, one contributing factor could be excess or obsolete stock.

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Topics: Corporate Trade Industry Report, EBIT, A Word from the Managing Director Andrew Bulmer, Supply Chain Management (SCM), Inventory Turnover & Closeouts