In today’s competitive market landscape, with a driving emphasis on meeting increased customer demand and improving satisfaction levels, manufacturers must find ways to outperform their competition—while keeping margins intact.
Today’s procurement leaders must keep up-to-date with changing industry standards—while maintaining efficient daily operations and meeting regulatory standards. Minimizing all unnecessary expenditures and reducing revenue leakage become crucial in the face of higher operational costs, and complex supply chains.
Read this informative solution sheet and learn how Demand Driven Material Requirements Planning (DDMRP) can provide a strong foundation for addressing undetected costs for procurement teams, including:
- Key areas of inefficiencies that lead to hidden costs in procurement processes
- An overview of DDMRP methodology and how procurement leaders can leverage it to reduce hidden costs
- How DDMRP allows procurement departments to spend more time on strategic procurement requirements