Competition in the fresh, perishables and CPG categories necessitates the optimization of the procurement process in order to maintain customer loyalty. You must ensure optimal amounts of product to meet general consumer demand while also accommodating changing requirements during promotions. Given rising fuel costs, you must manage your loads effectively and minimize freight costs. And given the sheer number of daily orders that pass through your supply chain, they must be accurate so that you can focus on building relationships with your partners, not debating the accuracy or timeliness of payment.
ITN Collaborative Procurement streamlines your processes and empowers buyers to manage exceptions, not individual orders, through real time visibility of clean and precise data. Results include:
- Increase order accuracy and reduce administrative costs with integrated forecasting, procurement and logistics processes
- Improve the accuracy of information feeding home grown or third party systems
- Synchronized catalog information lays the foundation for error-free orders, improving invoice match rates
- Timely visibility into the entire procurement process eliminates "surprises"
- Improves accuracy of the order-to-invoice process with all trading partners regardless of their technical sophistication
- Industry leadership in food safety and country of origin labeling (COOL) compliance
To find out what we can do for your business, contact your nearest office by clicking here.