By: Amrita Paramanik -- Senior Research Analyst
30 June, 2014
1. Introduction: This whitepaper identifies challenges faced by spirits manufacturing companies while sourcing POS materials across developed markets like US and Europe. Procurement teams lack visibility of marketing team?s functionality, they tend to adopt an unstructured buying approach, have difficulties in managing fragmented supplier base and leveraging on volumes.
2. Main: This whitepaper highlights key transitions witnessed in procurement space on the face of a challenging environment like managing large supplier base, unplanned buying and managing large SKU?s . This paper underpins the idea of procurement teams integrating with marketing function, planning inventory, instituting a structured buying approach, optimizing catalogue options, and engaging with global suppliers as opposed to OEM?s and aggregators in-order to counteract current challenges faced while handling POS materials category
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