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But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated.
Organizations may opt for outsourcing to leverage the expertise and resources of specialized suppliers, reduce costs, or focus on core competencies. Organizations operating under a reactive SRM approach tend to have limited visibility into their supplier relationships and may lack a long-term strategy for suppliermanagement.
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