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Retail Industry e-Procurement Solutions
Between falling brand loyalty, competition from Internet shopping sites, popularity of discount wholesalers and rising service expectations—retailers have no choice but to give customers the products they want at the lowest price possible. For retailers this means that to stay ahead of the competition and remain profitable, they must always search for better, faster and more productive methods for doing business.
Improvements in the procurement process are an effective source of potential savings and efficiencies that enable retailers to meet their customer service goals and financial objectives. Through HedgeHog’s easy-to-use, on-demand e-procurement solutions, retailers can significantly reduce costs for point of sale (POS) systems, office equipment, stock keeping units (SKU) and more. Our retail industry customers have realized up to a 36 percent saving on the goods and services they purchase within an hour-long auction event. They can also:
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Compress purchasing cycle times |
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Access a broader, global supplier network |
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Increase control & automation of the procurement process |
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Optimize spend management capabilities |
HedgeHog’s services drive operational efficiencies by simplifying, automating and accelerating the entire procurement process. Whether it’s through one of our Web-based e-negotiation applications or our growing supplier database, HedgeHog provides solutions that help retailers identify and qualify suppliers, negotiate favorable terms, evaluate vendor performance and reduce the overall supply cycle.
We provide retailers with improved functionality to :
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Develop sourcing & e-negotiation strategy |
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Identify & qualify suppliers |
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Analyze & assess spend |
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Create & manage RFXs |
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Run professional e-negotiation events |
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Produce real-time spend reports & bid analysis |
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Evaluate vendor performance |
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