🇮🇳India

गलत विक्रेता चयन

1 verified sources

Definition

Manual processes lead to inconsistent vendor evaluation, causing higher costs in winning bids or selection of unreliable suppliers.

Key Findings

  • Financial Impact: 5-10% higher procurement costs per deal from poor vendor choices
  • Frequency: Per awarded contract
  • Root Cause: Dispersed data across emails; no real-time performance metrics

Why This Matters

The Pitch: Wholesale hardware firms overpay 5-10% on supplies due to bad bid decisions. Automated vendor scoring ensures optimal pricing.

Affected Stakeholders

Procurement Officers, Finance Approvers

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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