5 Data-Driven Supply Chain Killers and How to Fix Them Dive deeper and download this valuable how-to guide: “5 Data-Driven Challenges You Must Overcome to Strategically Manage Your Supply Chain” Want to fix these 5 supply chain killers? 1 AMR Research / Gartner, Institute of Financial Operations 2 Informatica Business Value Assessment in 2015 3 Accenture Global Operations Megatrends Study 2014, “Don’t Play it Safe When it Comes to Supply Chain Risk Management” 4 Deloitte Supply Chain Study, 2015 5 The Aberdeen Group 2015 6 SCM World “Chief Supply Chain Officer Report” 7 Customerthink.com What’s the cost of not competing on experience? U.S. businesses lose an estimated $83 billion in sales annually due to poor customer experiences. Bad supplier data quality is costing you more than you think. #1 You are struggling to quickly and accurately assess vendor risk. #2 Meeting supply chain compliance is a headache. #3 of supply chain executives say that they are experiencing increased pressure for regulatory compliance and internal compliance to contracts. 5 Your competitors are profiting from your slow time-to-market. #4 Did you know that leaders in supply chain management are more likely to use multidomain Master Data Management ? 73% 5 45% Up to $1,000 is spent per year per supplier to manage their information across the enterprise. 1 $1000 Companies can save up to $6 million every year in supplier spend by leveraging trusted supplier data quality. 2 $6 million Supply chain issues are preventing you from meeting customer expectations. #5 91% of dissatisfied customers will not do business with a brand that failed to meet their expectations. 7 On average, loyal customers are worth around 10x the value of their first order. 7 10x 91 % Supply Chain Leaders are over more likely to have an efficient supplier data management process to accelerate supplier onboarding. 5 30% Improve supplier data quality Leverage master-data fueled apps to improve the quality of supplier data, automate supplier lifecycle management and understand supplier spend across your business to reduce purchasing and supplier management costs. #1 Mitigate vendor risk Reduce supplier risk with a 360°-view of your suppliers and sub-suppliers and comprehensive risk assessment capabilities. #2 Ensure supply chain compliance Make compliance and industry standards a factor when onboarding and monitoring suppliers. Support product labelling compliance with automated GDSN-activities. #3 Speed-up time-to-market Streamline supplier onboarding workflows, product information and omnichannel management (PIM) to become a more agile supply chain organization and speed up time-to-market for new products. #4 Meet customer expectations Meet your customers’ expectations by creating a unique and seamless brand experience across all channels providing the right product including all relevant product information, to the right customer at the right place. #5 29% of companies experience supply chain fraud, waste, or abuse. 4 of companies regarded as leaders in supply chain management consider supply chain risk management very important. 3 61% consider agility & speed as important or very important to their business. 6 90%