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On-Demand Sourcing: Helping Suppliers Succeed In Today's Economy
By Mary Kleespies, DiCentral Corporation
The global economy is becoming increasingly complicated. Unfortunately, the economic recovery currently under way is proving to be shaky at best, making matters worse when considering the importance of accuracy in demand forecasting. On-demand sourcing, though, is quickly becoming a critical technology and sourcing-related enabler that reduces costs and generates additional savings. The drawback is that on-demand sourcing is itself complicated, particularly for suppliers who lack the experience and knowledge necessary to effectively incorporate it into their current business practices.
There is continuous pressure for suppliers to find ways to reduce costs and generate additional savings. Typically, suppliers struggle to meet savings goals with an overworked staff using time-consuming manual processes or outdated systems. Suppliers need a solution that enables collaboration with key stakeholders and allows them to do this rapidly, with the necessary integration and key services required for success.
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