PROCUREMENT TECHNOLOGY
“ Because the team is internal , incentives are based on business performance that directly translates into a lower cost of goods . This team is also more easily positioned for international travel to uncover opportunities and expand our network for critical categories such as furniture , seasonal items , and soft home goods in developing markets in markets in Thailand , Malaysia , Indonesia , Central and South America , and beyond .”
Cultivating supplier relationships Kevin continues by explaining how the business development mindset results in creating supplier relationships that are now deeper than ever .
In some instances , Big Lots are talking with manufacturers at the outset of their production planning . “ As a strategic partner , we can help suppliers maximise their process and profits – if they need to produce a run of products at a quantity higher than an order from a big box store , we ’ ll buy the overage at a discount , and we both win ,” he adds .
“ For closeout deals , we can evaluate and write orders within days , not weeks . We always aim to source from responsible suppliers that meet our quality and value standards . That in turn helps to attract customers who appreciate sustainability and good values .”
150 August 2024