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Companies that collaborate with and formally manage the performance of their suppliers see performance improve by 27.4%, on average. They get lower cost, better quality, shorter lead-times, and better service while enjoying lower overall risk in their supply base.
Companies that adopt automation and analytics tools like LUPR double the benefits of collaborative supplier performance & risk management by doubling the number of suppliers they actively engage in their program. And the most innovative are using data to predict the future performance and risk of their suppliers.