In every industry, the ultimate dream is to have a consistent growth thought the years. All companies thrive to consolidate themselves while expanding their business, their client portfolio and, of course, their profits. But sometimes, growth can bring more trouble than expected. In industries such as high-tech, with the continuous changing of technology, a rapid market growth can demonstrate some limitations such as lack of visibility or no control on warehousing and transportation costs. It can even show a redundancy, as the same problems continue to arise time and time again.
When it comes to handling special products, a lot is said about how they should be managed (we even dedicated a whole blog post last month about it. You can read it here) but it appears that not many companies talk about WHO is handling the product.
One of the most common headaches for a company’s procurement department is launching an RFQ. The objective is always to achieve cost savings, efficiency and compliance, but it’s not so hard to lose the north when you have a lot of information to analyze and consider. The easiest solution is, of course, to outsource the handling of the RFQ, but selecting the company to achieve that task seems as hard as the task itself.