Why? Because most organizations haven’t implemented the right eSourcing tool. Category management concepts that are implemented incorrectly, or that are missing important data result in longer lead times and many missed opportunities for procurement. Time-consuming, routine tasks take up time that would be better spent on more important projects.
Automation in sourcing not only reduces process costs by up to 80%, it also provides companies with the tools and data they need to maximize the value and effectiveness of their global sourcing strategies. The right tool can help procurement tackle many classic sourcing challenges, such as global category management, negotiating better prices, making better award decisions, risk management and transforming negotiated savings into realized savings that impact the bottom line.
Download our Sourcing eBook and learn from 5 top manufacturing companies how to optimize your global sourcing processes and add value with digital tools: