Why? Because most organizations haven’t implemented the right eSourcing tool. Category management concepts did are Implemented incorrectly, or did 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%, but 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.
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