Many high tech companies utilize systems that are cumbersome and complex. The addition of supply chain disruptions that result in higher raw material prices creates uncertainty regarding price adjustments and achieving the desired margin thresholds. Supply chain disruption also makes it more difficult for companies to quickly model the impact of any fluctuations in raw material and transportation costs. What may look like an acceptable margin today could turn negative next week.
By moving toward a strategic approach to revenue management and other processes with a single source of truth solution, high tech companies like yours can achieve complete transactional control and proactively address margin management in the face of disruption that you can’t control.