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Supplier Cost Arbitrage
Highlight raw materials with the largest cost variance across suppliers.
Reduce Costs
Reduce Costs
INDUSTRY
Apparel & Fashion
Consumer Electronics
Consumer Goods
Cosmetics
Food & Beverage
Retail
BUSINESS FUNCTION
Procurement
Supply Chain
Problem
High procurement costs due to variation in supplier pricing.
Insight
There are raw materials with large cost variances between suppliers.
Impact
Potential cost savings can be achieved by renegotiating with existing suppliers or shifting to more cost-effective sources, thereby optimizing procurement expenses.
