7 Inventory Metrics Warehouse Managers Should Be Tracking

Warehouse managers constantly are told to do more with less. Lean practices are forcing warehouse managers’ hands. The goal, of course, is to keep costs low while getting the right inventory to the right people at the right time to ensure high customer satisfaction. If only it were that easy! Inventory control, shrinkage, excess inventory, lagging worker productivity, and stockouts plague your days.

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Great Bear Distribution Ltd.

Great Bear are a leading private 3rd party Logistics company business formed in 1994 providing Dedicated and Shared user Warehousing and Distribution solutions across many sectors for International FMCG blue chip clients.

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Warehousing and Distribution

For our deep Sustainability commitment and world leading contributions

Article | July 11, 2023

We track our commitments and goals quarterly through the Schneider Sustainability Impact 2018 – 2020 (formerly called the Planet & Society barometer). The 2018 – 2020 Schneider Sustainability Impact ?shows our commitments by 2020, as well as our contribution to the United Nations Sustainable Development Goals to be achieved by governments, companies, and civil society by 2030. For nearly 15 years we have been following a clear action plan with a dashboard called Schneider Sustainability Impact. It is based on our 2050 vision with tangible deliverables updated every three years. Our CEO and CFO announce our results on a quarterly basis, together with the company’s financial results.

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Supply Chain

Predicting the Future of the Logistics Industry

Article | May 26, 2023

Introduction From warehouse robots to delivery drones, the supply chain is experiencing a tremendous upheaval. AI promises a totally autonomous and self-organized future supply chain. A fleet of vehicles utilizing a swarm algorithm can enhance cargo yard throughput; a trusted peer-to-peer ledger on blockchain architecture could change compliance in the sector; and wearables, mobile robotics, and machine learning technologies could speed up order fulfilment. IOT e-brokerage solutions can link shops to couriers and transporters with a click. Tomorrow's supply chain will be leaner, quicker, and self-organized. A few innovative technologies will fuel this unparalleled rate of change over the next 15 years. Here are the major technologies that are shaping the future of the logistics industry. Logistics Technologies for the Future Shipment Tracking Systems Previously, customers ordered shipments, had an anticipated arrival date, and then were kept in the dark until they chose to call. Customers can now access shipping and tracking systems around-the-clock due to developments in the internet and software. This not only enhances the customer experience (cx), but it also saves the business time and money. Internet of Things (IoT) The IoT reduces costs and delays by minimizing hazards in the supply chain. Cabs, cargo ships, trains, etc., have sensors that link to an alarm system or dispatcher. These sensors analyze and communicate information to the crew, who learns about hidden threats. IoT isn't a new technology, but it continues to influence logistics by improving in-transit visibility and delivery. Radio Frequency Identification (RFID) RFID technology has been used for a few years to monitor inventories labor-efficiently. A product tag or sensor produces radio waves. The company processes the data. RFID tags are similar to barcodes, but their faster information transport and data processing appeal to companies and the direction of technology. Many organizations use RFID tags to track containers in warehouses. Enhanced GPS Accuracy Almost everyone utilizes GPS on their vehicles or smartphones. These devices' accuracy has improved over time, assisting lost drivers and enhancing the supply chain. By monitoring truck locations and boosting hauls with current traffic data, GPS increases efficiency and customer satisfaction. Closing Lines Unprecedented times have produced unprecedented transformations that will last for generations. Changing demographics, technology improvements, and COVID-19 impacts are altering global supply networks. We must understand the driving factors and act on what we learn to adapt and rise to the situation. For the sake of our current workforce and future generations.

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Supply Chain

Role of Warehouse Management Systems to Drive Productivity & Accuracy

Article | August 17, 2023

Unlock operational efficiency and deliver exceptional customer service with a WMS. Learn how cloud-based WMS improves control, enhances customer service, and prepares businesses to develop & succeed. Contents 1. Importance of Warehouse Management Systems 2. How Warehouse Management Systems Optimize Operations 2.1. Productivity Tracking 2.2. Inventory Control 2.3. Labor Management System 2.4. Slotting 2.5. Batching Logic 3. Essential Warehouse Operations Procedures 3.1. Inbound Logistics Process 3.2. Outbound Logistics Process 5. Conclusion 1. Importance of Warehouse Management Systems A warehouse management system (WMS) is essential for optimizing warehouse operations and delivering exceptional customer service. There are five compelling reasons to consider implementing a WMS. Firstly, it enhances inventory control and management by reducing inventory levels, improving order fulfillment, and increasing accuracy. Secondly, it improves customer service and tracking through improved picking accuracy and automated shipment organization. Thirdly, a WMS boosts company productivity by adding warehouse efficiency and quality control to the fulfillment process. Fourthly, it provides a significant return on investment by improving sales accuracy, reducing errors, providing safe warehouse and simplifying customer support. Lastly, a good WMS integrates seamlessly with existing business management systems and adapts to evolving needs. Additionally, WMS enables businesses to meet compliance regulations through real-time data recording, enhanced business intelligence, and process automation. 2. How Warehouse Management Systems Optimize Operations 2.1. Productivity Tracking Warehouse management systems (WMS) are crucial in optimizing operations by providing comprehensive productivity tracking tools. These systems capture and analyze key performance indicators (KPIs) such as order fulfillment rates, picking accuracy, and labor productivity. Organizations can identify bottlenecks, allocate resources effectively, and implement process improvements by tracking these metrics in real-time and generating insightful reports. With WMS productivity tracking, businesses gain a clear understanding of their operational efficiency and can make data-driven decisions to enhance overall performance. 2.2. Inventory Control Efficient inventory control is essential for logistics warehouse management, and WMS solutions excel in this aspect. WMS provides real-time visibility into inventory levels, locations, and movements. Businesses can accurately track stock levels, monitor expiration dates, and implement automated replenishment warehouse processes. With advanced features like cycle counting and stock level alerts, WMS ensures inventory accuracy and reduces carrying costs. By optimizing inventory control, businesses can avoid stockouts, minimize excess stock, and improve order fulfillment rates, enhancing customer satisfaction. 2.3. Labor Management System WMS incorporates a robust labor management system that enables businesses to allocate and manage their workforce effectively. These systems provide tools for labor planning, task allocation, and performance tracking. WMS optimizes labor allocation by assigning tasks based on employee skills, availability, and workload. By monitoring labor productivity and efficiency, businesses can identify opportunities for improvement and implement training programs to enhance employee performance. With WMS labor management capabilities, organizations optimize labor costs, minimize overtime, and improve overall operational efficiency. 2.4. Slotting Strategic slotting is a critical component of warehouse optimization, and WMS offers advanced slotting capabilities. By analyzing data on product demand, turnover rates, and order frequency, WMS determines the optimal locations for different products within the warehouse. Efficient slotting reduces travel time, minimizes congestion, and streamlines order picking. WMS enables businesses to assign appropriate storage locations based on product size, weight, and velocity. By optimizing slotting strategies, organizations can significantly enhance picking efficiency, reduce errors, and improve overall warehouse productivity. 2.5. Batching Logic Batching logic is a key feature of WMS that enhances order-picking efficiency. WMS intelligently groups multiple orders with similar product requirements, locations, or delivery routes. By consolidating these orders into batches, the system enables batch picking, where a picker can fulfill multiple orders in a single trip through the warehouse. Batching logic reduces travel time, minimizes labor costs, and increases order picking speed. By maximizing picking efficiency, businesses can improve order fulfillment rates, reduce order cycle time, and meet customer expectations effectively. 3. Essential Warehouse Operations Procedures A robust distribution center network serves as the backbone of operations, transforming raw materials into finished products and ensuring their timely delivery to customers. To gain a comprehensive view of logistics network and improve supply chain visibility, it's crucial to understand the distinction between inbound and outbound logistics. 3.1. Inbound Logistics Process Inbound logistics encompasses the services required to bring materials and goods into businesses. This includes transportation, storage, and delivery processes. With the help of warehouse management systems (WMS), purchasing can be streamlined by synchronizing vendor details and inventory control levels. WMS allows efficient receipt scanning and guides warehouse staff to shelve items accurately. It also recommends optimal put-away, slotting, and storage space utilization techniques. Additionally, WMS facilitates reverse logistics by providing real-time information on product availability, enabling timely restocking and preventing stockouts. 3.2. Outbound Logistics Process Outbound logistics focuses on the storage, transportation, and delivery systems that ensures finished products reach their final destination. WMS plays a vital role in this process as well. It enables accurate order picking through barcode or RFID scanners, reducing errors and ensuring the right products are chosen. Warehouse management processes integrated with WMS can automate product packaging, allowing for differentiation across sizes and optimizing packaging channels. Moreover, WMS simplifies printing shipping labels, price tags, logos, and other necessary documentation, eliminating manual data input and reducing human errors. WMS enhances the overall customer experience and minimizes fulfillment errors by ensuring timely delivery and notifying customers. 4. Implementing Cloud Warehouse Management Systems to improve productivity Using a cloud-based warehouse management system offers several advantages for businesses looking to optimize their inventory control and streamline operations in complex distribution environments. Cloud supply chain management solutions provide benefits like multi-warehouse tracking, sales forecasting, and on-time delivery. Here are three key benefits of implementing a cloud WMS: Increased control over business growth: Cloud-based WMS provides real-time visibility into inventory, allowing businesses to manage operations and make informed decisions efficiently. With automatic updates and centralized access, stakeholders can access relevant information anytime, enabling better control over business growth and flexibility to adapt to changing market demands. Improved customer service: A cloud WMS empowers teams to track shipments, update arrival dates, and effectively manage the supply chain. It enables seamless communication and collaboration across the organization, ensuring timely deliveries and enhancing customer satisfaction. Efficiently conveying information leads to better customer service and a competitive edge. Preparedness for upcoming changes: Cloud WMS offers an affordable and scalable warehousing solution. With cloud computing, businesses can easily adjust resources to meet fluctuating demands and seasonal changes. The ‘self-service’ access to WMS applications in the cloud allows for increased agility and quick adaptation to evolving business needs. Unlike traditional self-hosted systems, cloud WMS eliminates the need for upfront hardware investments and provides seamless scalability. 5. Conclusion In the rapidly evolving business landscape, a warehouse management system (WMS) holds immense importance for organizations aiming to optimize their operations. As we look to the future, the role of WMS becomes even more crucial. With advancements in technology and the advent of new platforms, a cloud-based WMS offers unparalleled integration possibilities. By harnessing the power of cloud supply chain planning systems, businesses can gain better control over their inventory and navigate the complexities of modern distribution environments. The benefits are significant: increased control over business growth, improved customer service through real-time tracking, and preparedness for upcoming changes. By embracing cloud, WMS empowers businesses to stay agile, enhance productivity, and drive sustainable success in the dynamic business landscape of the future.

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How AI and automation could impact supply chain roles

Article | April 19, 2020

Innovations such as AI and automation have been tipped to kickstart the Fourth Revolution. While the technology is being widely adopted, it is constantly evolving. Therefore, there is uncertainty surrounding its overall impact, particularly on professional roles within the supply chain. Some fear that the technology will replace its human counterparts, while other experts suggest it will work in unison with humans, supporting them to focus on higher value opportunities. Amidst all of this uncertainty one thing is for certain: AI and automation will change how we operate.

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Spotlight

Great Bear Distribution Ltd.

Great Bear are a leading private 3rd party Logistics company business formed in 1994 providing Dedicated and Shared user Warehousing and Distribution solutions across many sectors for International FMCG blue chip clients.

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Supply Chain

Ferguson and Trimble Team Up to Digitalize Construction Supply Chain

Trimble Inc | November 08, 2023

Ferguson joins Trimble Supplier Xchange, streamlining the construction supply chain. Trimble's Supplier Xchange handles 10,000+ digital connections, 18B in monthly quotes. This integration automates pricing info to purchase orders, reducing errors and streamlining workflows. Trimble, a leading technology, software, and services solutions provider for the architecture, engineering, and construction (AEC) industry, and Ferguson have recently announced a significant development in the construction supply chain. Ferguson locations nationwide have officially joined the Trimble Supplier Xchange digital pricing and procurement network. This development marks a pivotal step and further digitalizes and streamlines construction supply chain operations, benefiting both mechanical and commercial customers. Furthermore, it enhances efficiency between construction teams and their most crucial business partners. Trimble's Supplier Xchange network currently facilitates over 10,000 digital connections between specialty subcontractors and their preferred suppliers. It handles an impressive average of 130,000 quote requests every month, with an average total value of USD 18 billion per month. The integration between Ferguson and Supplier Xchange enables contractors to access up-to-date, contracted pricing information and seamlessly convert it into a purchase order (PO). This PO flows directly into the contractor's Enterprise Resource Planning (ERP) system, ensuring that the order is placed and financially accounted for in the ERP system without delay. This streamlined process significantly reduces the time required and minimizes errors typically associated with manual data entry, thanks to the automatic synchronization of the purchase order. By becoming a part of the Supplier Xchange network, Ferguson, a prominent commercial mechanical distributor in the United States, is proactively addressing the common pain points faced by contractors in their day-to-day workflows. Tom Sullivan, Commercial Construction Services and Technology Director at Ferguson highlighted that prioritizing digital connections with their customers was of utmost importance. He explained that as their customers are increasingly looking for ways to cut costs and enhance efficiency, accuracy, and timeliness, Supplier Xchange would empower them to offer real-time customer-specific information. This would effectively reduce the manual processes and time needed in the workflows related to estimating, Virtual Design and Construction (VDC), purchasing, project management, and accounting. The official announcement took place at Trimble Dimensions 2023, where both Ferguson and Trimble are showcasing the Supplier Xchange network. Trimble Construction Management Solutions' Vice President and General Manager Lawrence Smith emphasized that it had never been more crucial to integrate technology solutions to enhance the speed, accuracy, and seamlessness of information sharing across the construction supply chain. He stated that the data collaboration between Ferguson and Trimble was delivering increased efficiency, precision, and swiftness in their customers' workflows, encompassing estimating, procurement, purchasing, accounting, and project management.

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Transportation

ACERTUS Unveils New Transportation Management System for Auto Shippers

ACERTUS | November 07, 2023

ACERTUS, a leading automotive logistics-as-a-service platform, has unveiled its new Transportation Management System (TMS). This cutting-edge system grants vehicle shippers unparalleled visibility into their operations, featuring real-time GPS tracking, advanced digital inspection data, automated reporting, and customized data visualization. By harnessing the power of machine learning and seamless connectivity with ACERTUS' digitally-enabled transport network, this platform successfully addresses a long-standing challenge within the vehicle shipping process—namely, the lack of transparency regarding asset location as it traverses the supply chain. Trent Broberg, the Chief Executive Officer at ACERTUS, remarked that modern-day technology has made it extremely easy to track products ordered online during the delivery process. However, there still existed substantial blind spots when it came to shipping cars. In this context, he explained that their new Transportation Management System is driving the industry forward by providing shippers with real-time vehicle visibility, modernizing the process, and eliminating guesswork. The TMS connects shippers with the largest multimodal transport network of carriers and drive-away drivers in North America. It simplifies and streamlines auto shipping, offering instant quotes, single and multi-VIN ordering, standard and expedited shipping rates, and API connectivity for seamless integration with existing operating systems. This release represents ACERTUS' ongoing commitment to delivering advanced, proprietary products that enhance automotive supply chain management. About ACERTUS ACERTUS is a leading omnichannel automotive logistics as a service platform that provides integrated end-to-end solutions for vehicle lifecycle management. By placing a strong emphasis on technology and innovation, ACERTUS offers a comprehensive suite of services, including vehicle storage, transport, maintenance, registration, title, care & maintenance, repossession, freight transport and compliance services, among others. The company consolidates these services under one roof, thereby significantly enhancing efficiency and reliability for its customers throughout the entire vehicle journey.

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Supply Chain

Imperial Dade Advances Growth with Acquisition of Advance Shipping Supplies

Imperial Dade | November 06, 2023

Imperial Dade acquires Advance Shipping Supplies, Inc. as its 75th acquisition. Imperial Dade maintains its 15-year growth strategy, combining organic initiatives and acquisitions. Dave Waite, President of Advance Shipping Supplies, emphasizes the company's legacy and commitment to customer service as it joins Imperial Dade. Imperial Dade, a prominent distributor specializing in food service packaging, printing papers, and janitorial supplies, has recently announced its acquisition of Advance Shipping Supplies, Inc. This transaction marks the 75th acquisition made by Imperial Dade under the leadership of Robert and Jason Tillis, who serve as the Chairman and CEO of the company, respectively. The specific financial details of this private transaction have not been disclosed. Imperial Dade maintains its unwavering commitment to the strategic direction established over 15 years ago. This direction involves sustained growth through a combination of organic initiatives and a carefully managed acquisition process. Advance Shipping Supplies Inc., established in 1985, has a remarkable 38-year track record as a leading distributor of industrial supplies, packaging materials, and janitorial products. Under the guidance of its founder, Dave Waite, Advance continues to be a critical supplier in the Ontario market, delivering essential products to its clientele. The company places a strong emphasis on customer service and is strategically positioned to ensure prompt and accurate deliveries. By leveraging the extensive capabilities of Imperial Dade Canada's top-tier platform, Advance's customers can look forward to receiving the same exceptional customized service, now complemented by an even broader range of products and solutions. Jason Tillis, the CEO of Imperial Dade, expressed his warm welcome to the Advance family. He noted that Advance possessed a dedicated customer base and a strong commitment to delivering an exceptional customer experience, which, in his view, made it a valuable addition to their expanding North American platform. Stephane Lapointe, the President of Imperial Dade Canada, added that partnering with Advance marked another significant stride in their objective of becoming the leading national specialty distributor of industrial, food service, and janitorial products. He also mentioned Imperial Dade's eagerness to build upon its existing success and to continually explore ways to enhance its service to both customers and vendor partners. Dave Waite, the President of Advance Shipping Supplies, Inc., stated that the legacy created by Advance over the past approximately 40 years would serve as a strong foundation for Imperial Dade's future growth. He expressed that, under the guidance of Imperial Dade, they would maintain their commitment to delivering exceptional customer service while also expediting the growth they had witnessed in recent years.

Read More

Supply Chain

Ferguson and Trimble Team Up to Digitalize Construction Supply Chain

Trimble Inc | November 08, 2023

Ferguson joins Trimble Supplier Xchange, streamlining the construction supply chain. Trimble's Supplier Xchange handles 10,000+ digital connections, 18B in monthly quotes. This integration automates pricing info to purchase orders, reducing errors and streamlining workflows. Trimble, a leading technology, software, and services solutions provider for the architecture, engineering, and construction (AEC) industry, and Ferguson have recently announced a significant development in the construction supply chain. Ferguson locations nationwide have officially joined the Trimble Supplier Xchange digital pricing and procurement network. This development marks a pivotal step and further digitalizes and streamlines construction supply chain operations, benefiting both mechanical and commercial customers. Furthermore, it enhances efficiency between construction teams and their most crucial business partners. Trimble's Supplier Xchange network currently facilitates over 10,000 digital connections between specialty subcontractors and their preferred suppliers. It handles an impressive average of 130,000 quote requests every month, with an average total value of USD 18 billion per month. The integration between Ferguson and Supplier Xchange enables contractors to access up-to-date, contracted pricing information and seamlessly convert it into a purchase order (PO). This PO flows directly into the contractor's Enterprise Resource Planning (ERP) system, ensuring that the order is placed and financially accounted for in the ERP system without delay. This streamlined process significantly reduces the time required and minimizes errors typically associated with manual data entry, thanks to the automatic synchronization of the purchase order. By becoming a part of the Supplier Xchange network, Ferguson, a prominent commercial mechanical distributor in the United States, is proactively addressing the common pain points faced by contractors in their day-to-day workflows. Tom Sullivan, Commercial Construction Services and Technology Director at Ferguson highlighted that prioritizing digital connections with their customers was of utmost importance. He explained that as their customers are increasingly looking for ways to cut costs and enhance efficiency, accuracy, and timeliness, Supplier Xchange would empower them to offer real-time customer-specific information. This would effectively reduce the manual processes and time needed in the workflows related to estimating, Virtual Design and Construction (VDC), purchasing, project management, and accounting. The official announcement took place at Trimble Dimensions 2023, where both Ferguson and Trimble are showcasing the Supplier Xchange network. Trimble Construction Management Solutions' Vice President and General Manager Lawrence Smith emphasized that it had never been more crucial to integrate technology solutions to enhance the speed, accuracy, and seamlessness of information sharing across the construction supply chain. He stated that the data collaboration between Ferguson and Trimble was delivering increased efficiency, precision, and swiftness in their customers' workflows, encompassing estimating, procurement, purchasing, accounting, and project management.

Read More

Transportation

ACERTUS Unveils New Transportation Management System for Auto Shippers

ACERTUS | November 07, 2023

ACERTUS, a leading automotive logistics-as-a-service platform, has unveiled its new Transportation Management System (TMS). This cutting-edge system grants vehicle shippers unparalleled visibility into their operations, featuring real-time GPS tracking, advanced digital inspection data, automated reporting, and customized data visualization. By harnessing the power of machine learning and seamless connectivity with ACERTUS' digitally-enabled transport network, this platform successfully addresses a long-standing challenge within the vehicle shipping process—namely, the lack of transparency regarding asset location as it traverses the supply chain. Trent Broberg, the Chief Executive Officer at ACERTUS, remarked that modern-day technology has made it extremely easy to track products ordered online during the delivery process. However, there still existed substantial blind spots when it came to shipping cars. In this context, he explained that their new Transportation Management System is driving the industry forward by providing shippers with real-time vehicle visibility, modernizing the process, and eliminating guesswork. The TMS connects shippers with the largest multimodal transport network of carriers and drive-away drivers in North America. It simplifies and streamlines auto shipping, offering instant quotes, single and multi-VIN ordering, standard and expedited shipping rates, and API connectivity for seamless integration with existing operating systems. This release represents ACERTUS' ongoing commitment to delivering advanced, proprietary products that enhance automotive supply chain management. About ACERTUS ACERTUS is a leading omnichannel automotive logistics as a service platform that provides integrated end-to-end solutions for vehicle lifecycle management. By placing a strong emphasis on technology and innovation, ACERTUS offers a comprehensive suite of services, including vehicle storage, transport, maintenance, registration, title, care & maintenance, repossession, freight transport and compliance services, among others. The company consolidates these services under one roof, thereby significantly enhancing efficiency and reliability for its customers throughout the entire vehicle journey.

Read More

Supply Chain

Imperial Dade Advances Growth with Acquisition of Advance Shipping Supplies

Imperial Dade | November 06, 2023

Imperial Dade acquires Advance Shipping Supplies, Inc. as its 75th acquisition. Imperial Dade maintains its 15-year growth strategy, combining organic initiatives and acquisitions. Dave Waite, President of Advance Shipping Supplies, emphasizes the company's legacy and commitment to customer service as it joins Imperial Dade. Imperial Dade, a prominent distributor specializing in food service packaging, printing papers, and janitorial supplies, has recently announced its acquisition of Advance Shipping Supplies, Inc. This transaction marks the 75th acquisition made by Imperial Dade under the leadership of Robert and Jason Tillis, who serve as the Chairman and CEO of the company, respectively. The specific financial details of this private transaction have not been disclosed. Imperial Dade maintains its unwavering commitment to the strategic direction established over 15 years ago. This direction involves sustained growth through a combination of organic initiatives and a carefully managed acquisition process. Advance Shipping Supplies Inc., established in 1985, has a remarkable 38-year track record as a leading distributor of industrial supplies, packaging materials, and janitorial products. Under the guidance of its founder, Dave Waite, Advance continues to be a critical supplier in the Ontario market, delivering essential products to its clientele. The company places a strong emphasis on customer service and is strategically positioned to ensure prompt and accurate deliveries. By leveraging the extensive capabilities of Imperial Dade Canada's top-tier platform, Advance's customers can look forward to receiving the same exceptional customized service, now complemented by an even broader range of products and solutions. Jason Tillis, the CEO of Imperial Dade, expressed his warm welcome to the Advance family. He noted that Advance possessed a dedicated customer base and a strong commitment to delivering an exceptional customer experience, which, in his view, made it a valuable addition to their expanding North American platform. Stephane Lapointe, the President of Imperial Dade Canada, added that partnering with Advance marked another significant stride in their objective of becoming the leading national specialty distributor of industrial, food service, and janitorial products. He also mentioned Imperial Dade's eagerness to build upon its existing success and to continually explore ways to enhance its service to both customers and vendor partners. Dave Waite, the President of Advance Shipping Supplies, Inc., stated that the legacy created by Advance over the past approximately 40 years would serve as a strong foundation for Imperial Dade's future growth. He expressed that, under the guidance of Imperial Dade, they would maintain their commitment to delivering exceptional customer service while also expediting the growth they had witnessed in recent years.

Read More

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