Crunching Numbers: Unveiling Supplier Quote Intelligence

Customer RelationsHigh Tech / High Touch
Written By Jennifer Joslyn

Maximizing the business intelligence obtained from supplier information is crucial in manufacturing. While gathering quotes from multiple vendors is standard practice, extracting cost structure insights often gets overlooked. By analyzing data differently and using Excel to calculate the total cost and identify patterns, manufacturers can make informed decisions on supplier selection, cost optimization, and internal capabilities. Leveraging supplier quotes as a valuable source of information can yield significant savings and help benchmark one's own cost structure against competitors.

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Jennifer Joslyn
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