A combination of consumer trends is driving unprecedented disruption in the retail space. One thing remains clear: consumers are now more powerful, and their expectations are higher. Companies trying to deliver the products consumers want – when they want them – face tightening margins while working to make the supply chain faster, more predictable, and cheaper.
In the last several years, retailers have doubled down on store brands to meet consumer demands for high value, low-cost products. One out of every four products sold in the United States is now a private label or store brand, according to the Private Label Manufacturers Association (PLMA).
If you could, would you want to digitally create and manage specifications, qualify suppliers, scorecard them, quickly find items that maximize revenue and seasonal requirements, and know all required documentation is up-to-date?
Gain the complete supply chain visibility you need to reduce risk while automating supplier relationship management.
"Before Supplier Management, we had about four people spending a combined 100 hours a week qualifying and onboarding suppliers. Now, we have one person spending about 20 hours a week on it.”
- Jared Keefer, Director of Safety and Regulatory Compliance