Purchasing data has always been important to supply-chain professionals. Today’s market conditions are making successful negotiations with suppliers even more critical.
Seasoned buyers, many of whom have been purchasing data years, say, more than ever, they need accurate and timely information. Negotiating the best price has become key to survival for many companies.
Luckily finding good purchasing data has become easier. The trick is to plug into the right websites and use this purchasing data to tie what you are paying to actual marketplace conditions.
Suppliers, on their own, will certainly not tell you when their costs go down!
If you found this information about purchasing data useful, we think you’ll find this blog interesting and useful.