Sourcing the right raw materials isn’t just about price—it’s about purity, performance, and compliance. If you’re relying only on internal data or supplier claims, you could be missing risks that lead to costly recalls, non-compliance, or dips in product quality.
Why External Data Makes Raw Material Sourcing Smarter
Manufacturers can enhance sourcing decisions by layering in external composition, regulatory, and supplier performance data. With a more complete view, they can:
✅ Improve product consistency and quality
✅ Ensure compliance with regulations and avoid penalties
✅ Reduce costs from poor supplier selection
✅ Adapt product formulas to meet evolving market demands
How It Works
🔹 Use Tree-Based Models (e.g., Random Forests, GBMs) to evaluate composition and supplier attributes
🔹 Apply Clustering to segment suppliers by quality and reliability
🔹 Leverage SVMs and Environmental Impact Data to reduce the carbon footprint of materials
🔹 Use Time-Series Analysis to align sourcing with market demand and forecast future needs
Real-World Impact
Volvo used data-driven analysis to pinpoint recurring assembly issues—resulting in a 90% reduction in failure and a stronger final product. The same logic applies to material sourcing: better data leads to better decisions.
Don’t Let Composition Risk Undermine Your Product
With the right external data, you can eliminate guesswork from supplier selection, ensure regulatory alignment, and raise product quality while cutting costs.
📩 Want to evaluate your sourcing strategy with data? Let’s talk.