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.
"With all our supply facilities loaded into TraceGains, notifications on audit expirations are fully automated; we don’t even have to touch it. That saved us about 10 percent to 15 percent in time spent going after suppliers to get audit documentation to us.”
- Topco Associates