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Competitive intelligence is necessary to stay ahead of our competitors and what competitive intelligence will help Supply chain in an organization to have an edge over our competitors?
Please follow below
•Goal & Scope •Objective •Sales Forecast •Economic Order Quantity (EOQ) •Safety Stock and Re Order Level •Order Cost &Inventory Carrying Cost •ABC Classification •Inventory Turn, Week/DOS •Cycle Count •SRS (Supplier Rating System) •Terms and Condition •Invoice Price Variance (IPV) and Purchase Price Variance (PPV) •Item Price Maintenance•Excess and Obsolete
Step1: Define the motivational Why worry about the problem?
What did you win or lose?
Step2: Assess the levers What levers can increase your chances of success?
Step3: Improving the practice, How to put things into practice?
motivational factors: under the five C:
1. Client: attraction, retention, reputation, brand, access
2. Compliance: regulation, social pressure
3. Cost: risk management, efficiency, productivity
4. Competition: competitive advantage
5. Consciousness: moral obligation, values
tool: used SAP
I think it is important, but using legal means and not to ignore the ethical rules during the application.
- Interviews with common customers and suppliers
- Media events launched by competitors
- Interviews with competitors' x-employees
- Track publicly announced fainancial statements of your competitors
- Strategies publicly announced on competitors' web sites and mentioned in the trade media
- Track new product launches
- Search for new, emerging or changing markets
- Search for new technologies or business methods
I think in sample and striaght answer to know your status within the market needs and the cash can be paid according to your company cash flow status as well , Also MUST make control of your supply chain section in order to know the status of your company any time any date which helps you to make the write call when needed from you.
I am sorry , I don't know
Competitive Intelligence can be a key success factor to build an efficient extended entreprise.
Extended enterprise is a company that expands its upstream value chain to its suppliers (for efficient supply chain) and its downstream value chain towards its clients to provide better products and services to end users.
According Wikipedia, an extended enterprise is a self-organizing network of firms that combine their economic output to provide products and services offerings to the market.
knowledge of supplier's cost break up
market knoweledge about specific porduct
A best sales intelligence tool must increase sales productivity. The tool must help in generating more qualified leads and increase sales appointments. It should drive more revenue for your business.
