Oriental trading company abbreviated as OTC is a big player in the product and inventory category. Â The company manages a wide and diverse product inventory which only few companies can manage. To manage such a wide product inventory, the company requires an elaborate and sophisticated supply chain management system that will oversee its operations efficiently and effectively.
To best understand how Oriental Trading Company manages its product inventory, you need to gain deeper insights into OTC manage its wide product inventory. Here are some key details you may want to consider about how OTC sources and manages its wide inventory.
Global Supplies
One of the areas where OTC excels in so well is its global supplies. Here, the company has done so well exceeding so many other companies that are in the same business. So, how has otc brands inc managed to put in place such a robust global supplies networks and what are the reasons behind it. Well, there are some good reasons for that like this one.
To meet its global supplies Oriental Trading Company sources its products from a global network of supplies and manufactures. The company does this with the sole goal of offering the best products to its clients at very competitive prices.
The Use of Direct Sourcing
Direct sourcing is another area where OTC excels so well. Â The company sources a host of its products directly from the manufacture. Â OTC trading does this with the sole goal of maintaining the high quality of the products the company sells. OTC trading also prefers the approach of direct sourcing to ensure efficiency if supplies in the movement of its products. Â Through, directing sourcing, OTC is able to efficiently and easily move products to its clients from wherever they are without necessarily impacting the quality of the products they are selling.
Product Categorization
Product categorization is very important in any business. It ensures there is a smooth and efficient movement of products. Â OTC trading inc is well aware of this and had pit the right measures in place to help them with this bit. Â The company has heavily invested in product categorization with a team of dedicated teams of sourcing professionals for the different types of products the company is selling. Â The approach of product categorization allows the company to tap into the expertise of its categorization experts to get the best products.
Quality Control
One of the areas where OTC trading has placed a lot of emphasis on is the quality of the products the company is selling. Â OTC brands inc cannot allow its clients to get products which are of low quality which is why they have invested heavily in this area.
As a way of ensuring the quality of its goods, OTC trading carries out regular quality audits on its suppliers. The intention of these audits to ensure the safety, quality and compliance to ethical standards from the company OTC is sourcing its products from.
Conclusion
OTC Trading Inc. is a company that has amassed great reputation to itself as a top supplier of the best quality goods. Â The company employs a raft of measure that seek to protect the quality and integrity of the products the company is selling.