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Retailers Look to Strategic Sourcing for Sustainable Savings
KSA
Even though retailers have been aggressively cutting costs over the past year, most can still do more-- and do so without diminishing product quality or customer experience. One key area for more savings opportunities is sourcing. To capture sourcing opportunities, retailers are analyzing their entire spend base, from product to non-product costs, identifying where they have the highest-return potential and vigorously renegotiating vendor relationships to the benefit of both
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