Buyers must sift through multiple lists, BOMs, and a wealth of information to understand customer requirements in order to procure the right materials and parts for manufacturing products. Strategic sourcing teams must know the dependencies and scope of work in a fast-changing technology environment—which is often unpredictable, given geopolitical, regulatory, and economy shifts. How do you optimize for cost and manage through disruption with agility?
The key is to provide a seamless flow of real-time, accurate information between engineering, manufacturing, sourcing, and supply chain partners, enabling these teams to work concurrently. The result? Higher-quality products get to market faster at a lowest cost.
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