OK Zimbabwe Limited is adopting new procurement models to restore stock levels with supplier and financial support. The company has highlighted the need for exchange rate stability as it addresses a significant revenue decline due to economic challenges.

OK Zimbabwe Limited is implementing new procurement strategies to stabilize stock levels before the fiscal year ends, as detailed in a recent trading update. Group Company Secretary Margaret Munyuru stated that the company is restocking with the assistance of supplier partners and financial institutions that are providing short-term funding solutions. Moreover, they have developed alternative procurement models, including structured supply arrangements, to ensure supplier reliability.

OK Zimbabwe is navigating financial challenges by adopting innovative procurement strategies and relying on partnerships with suppliers and financial entities. The company’s efforts aim to stabilize stock levels amidst tough market conditions influenced by currency fluctuations and consumer spending behavior. A clear pathway towards a market-driven exchange rate is essential for the retail sector’s recovery.

Original Source: www.zimlive.com