I need to reduce costs
Cost reduction is hard coded in all areas of procurement, from strategy to execution. It is the key performance indicator by which procurement is traditionally recognized.
That said, strategic procurement teams go beyond those expectations. Strategic procurement has multiple performance indicators and strategic procurement leaders understand that there are many ways to reduce costs:
- reducing maverick or off-contract spend
- reviewing supplier terms and conditions
- securing early payment discounts
- adjusting stock replacement strategies
- and more.
To do this, organizations need a trust technology partner who helps redefine processes, gain greater insight into supplier data, drive supplier innovation and reduce risk. It’s not only about reducing costs, but also adding value.
Our customers unlock the power of procurement to optimize sourcing initiatives, deliver cost reduction and identify opportunities to collaborate and innovate with suppliers.
The JAGGAER ONE platform provides end-to-end automation of the entire procurement lifecycle. It integrates supplier lifetime value throughout the procurement process to provide you with unmatched visibility into your supply base.
Strategic procurement teams utilize JAGGAER’s solutions as the foundational tool to deliver cost reductions.
Learn more about JAGGAER solutions for reducing costs.
An all-in-one procurement software providing modular solutions from source to pay.
Guide your organization’s spend to compliance in a powerful marketplace.
Identify savings opportunities and grow revenue with an analytics solution.
Deliver the best products and services to your users while reducing costs on both sides.
Deeper and more insightful supplier relationships with an intelligent supplier management solution.