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Sourcing and Supplier Performance

Sourcing and Supplier Performance

It is essential to have a clear understanding of the supplier performance in order to make the procurement process efficient and effective. In a complex supply chain ecosystem, big data analytics can help in tracking and monitoring the performance of the suppliers based on various KPIs such as cost, timeliness, quality of product, agility, etc. These insights provide the organizations with improved decision making as well as better negotiation power.

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