Digital Sourcing in the New Retail Economy

Improving innovation, collaboration, and speed in the supply chain

Retail today is more crowded, competitive and cutthroat than ever before.

Established retailers in every sector are scaling back, reinventing themselves, or closing their doors in response to the state of the industry.

To avoid these outcomes, innovative retailers are leveraging their community to deliver the highest quality, most appealing products to market fast.

For retailers aiming to improve innovation and time to market, digital sourcing serves as a key asset long before a product idea is even conceived.

What will make sourcing processes more efficient?

That’s the question this survey asked 250 retailers, focusing on the state of global sourcing and supply chain management.

Findings reveal how retailers still have a long way to go to better streamline communication and simplify their operations.

The report covers:

• Where retailers achieving $1B+ in revenue are facing challenges and where there are opportunities
• How to implement a streamlined, faster sourcing process – for both retailers and vendors
• Methods to improve communication throughout the supply chain

The Sourcing Conundrum: Tedious and Complicated

The larger the company, the more complicated it gets.

Several factors contribute to supply chain complexity, including internal drivers, such as the diversity of your product needs or the number of products being sourced; external issues, such as the size of your supplier base and the number of alternatives in the market; and the model of your supply chain based on the industry or setup of your supplier ecosystem.

Our customers explained the challenges the best....

Download the ebook survey report to see how digital sourcing can bring creativity back into retail.