Hardware retailers often face significant challenges in aligning their expected procurement budgets with actual budget execution. This discrepancy arises due to unpredictable market conditions, having to calculate freight shipping costs, and varying customer demand patterns. Accurate modeling of freight costs before you lock in rates is essential to ensure that your transportation budget is utilized effectively, avoiding unexpected costs and optimizing logistics operations.
Spend models help you understand where you dedicate more time and attention to so you can maximize your procurement ROI. Our guide to forecasting gives you a tool to anticipate potential outcomes, identify cost-saving opportunities, and make informed decisions about your procurement.
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