Features Profile: RFx Management for Private Label | Trace One PLM
As the private label sector undergoes massive changes, tenders have become a huge headache for both retailers and manufacturers. In short, current tender practices no longer meet the needs of the market. In order to respond to the requirements brought on by these changes, large-scale retail buyers need support for managing quick and flexible tenders. Tenders need to adapt to the rapid changes and sudden growth in the private label sector While private label brands see considerable growth in France, they have undergone fundamental changes over the last few years on the continent and in the US. The focus has shifted from budget loss-leader products to added value and responding to emerging consumer demands; in particular relating to the quality, diversity, and environmental responsibility of products, as well as a preference for local produce. In fact, the trend has gone so far that these products can serve as a showpiece for distributors. This issue with large-scale retail tenders has become even more complicated in recent years as digitization continues to progress. Professionals have had to adapt their approach and consider factors other than price when choosing private-label products.
