Meeting Consumer Expectations with Intelligent Sourcing

Intelligent sourcing is a process by which trading partnerships and sales performance are continuously re-evaluated and improved to achieve the greatest efficiency and the best price points for the retailer, supplier, and customer. It seems simple, but it might not always be obvious what the right sourcing strategy should be and how to optimize relationships with vendors. For responsible sourcing to deliver results, all parties, including retailers, suppliers, and logistics providers must be on the same page and collaborate to improve supply chain performance and fulfill customer demand.

Key Takeaways:

• To meet the demands of the digital consumer, the retail landscape continues to change and retailers and suppliers need to keep pace to stay competitive
• Intelligent sourcing is a process by which trading partnerships and sales performance are continuously re-evaluated
• Traditionally, delivering goods to a customer was pretty straightforward

“To meet the demands of the digital consumer, the retail landscape continues to change and retailers and suppliers need to keep pace to stay competitive.”

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