Industry peers are identified based on a combination of industry/ sector, company size, and geography. The relative importance of each of these parameters will vary by category. For example, geography will have more weight for a labor category than a commodity-driven category where geography has a comparatively lower impact on pricing. In cases where an item/ category is highly specific to an industry/ sector, data is prioritized from companies in that industry/ sector.
How are "peers" defined in Supply Chain P&R Cost Hub?
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Written by Margaret Peng