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Supplier Relationship Management: Expert Guide for Field Service

WorkWave

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 supplier management.

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Big data and inventory management

EazyStock

Big data can help improve demand forecasting accuracy , allowing you to determine when, what, and how much inventory to stock to meet customer demand. Big data helps improve supplier management. Good and reliable suppliers are crucial to robust inventory management, so it’s essential that you can track their performance.