It’s not unusual to buy a T-shirt in the United States only to find out it was created in Malaysia, Vietnam, or another faraway country. It was a difficult task in and of itself to get that item of clothing to the North American market. Furthermore, obtaining the materials required to create the product was not always simple. But now, thanks to the emergence of modern procurement solutions, this has become the norm. If you don’t know how, keep reading the article.
How E-procurement Helps
Although it is a best practice to build thousands of supplier partnerships, how do businesses plan to manage these ties? Furthermore, how can they inspect the activities of every raw materials supplier with whom they do business?
The solution appears to be e-procurement and analytical techniques. According to a second Apparel piece, clothing brands require a way to collect data in real-time and uncover patterns that could flag problems before they happen.
Why not use analytics tools after shipments have been made? In other words, if businesses evaluate “out-of-date” data, they won’t be able to respond to situations in a way that will ultimately satisfy customers who seek quick service.
Imagine being able to get real-time information from all manufacturing processes, spot a negative trend in a single facility, and then instruct the manufacturer to change its process accordingly.
These insights aren’t just for a single individual to profit from. Sharing statistical information with fabric companies, cotton growers, and other sources is one method to promote strong supplier relationships.
If a company is unaware of existing manufacturing conditions, its own operations may suffer, prompting the CEO to blame those who procure its goods.
Enterprises can manage connections, scrutinize activities, and authorize operations from the main hub or numerous locations using e-procurement platforms. Modern apparel firms require this level of operational flexibility to survive.
When used correctly, technology can be a fantastic tool for solving problems. It provides a large tent with a plethora of exciting possibilities. Wherever possible, businesses and industries should take advantage of the tools at their disposal. But, they need to find a piece of tech that suits their operational needs and budget.
Fortunately, we at Penny provide a wide range of e-procurement solutions that can be tailored to your needs and put you on a fast track to success. Hence, don’t overthink it and please contact us right now.