Predictive Power for Supplier Assessment
Author: PRICE® Customer Success Team
The use of predictive cost analytics to perform Supplier Assessment — Organizational competitiveness is enhanced when supplier quotations can be assessed and validated, leading to stronger negotiation position as well as basis for preferred suppliers.
This webinar offers a quantitative methodology to benchmark, monitor and evaluate potential suppliers of common customer-specified technology. Once established, a Supplier Assessment capability creates the outcome of timely consistent bid evaluations as well as ceiling prices for negotiation and benchmarking.