Ever wonder how larger retailers like Walmart or Costco became so profitable? The secret lies within their supplier network and the efficiencies they are able to generate through effective communication. Cost cutting, and profit-generating processes can be identified all throughout your business – your supplier network is no exception.
When retailers lack timely, accurate data and visibility into supplier activities, it has a ripple effect across the brand's value proposition. Stock-outs, lost revenue and delivery delays oftentimes send your customers to the competition. The only thing standing between retailers and their expanded, flexible fulfillment goals is a more collaborative, managed and technology- enabled approach to supplier network communications.
Read how the 3 steps to better supplier collaboration can help you assess and score your supplier base, upgrade your onboarding process to include the ability to quickly add more brands, and enable your suppliers to succeed.
Please CLICK HERE to download the whitepaper.
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