Why traditional rules-driven spend analytics is no longer enough With data growing daily, it’s important to be able to interpret and visualize it to get any value. Most organizations, however, struggle with data quality and relevance. That’s why having good analytics support for procurement and sourcing is a foundational capability for modern procurement organizations today. Read this whitepaper, written by Spend Matters, to find out how you can gain a competitive advantage by utilizing a...
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This Paystream report explains the challenges in requisition, ordering, and payment for indirect procurement. Advanced indirect procurement platform technologies, including catalogs, order management, supplier management, payment, reconciliation, and spend analysis are covered. Read the report to find out how purchase-to-pay (P2P) automation can help your organization. What you’ll learn: Indirect spend process trends in the current market The features and benefits to look for in a P2P software The steps you should take when adopting...
There are many challenges for achieving supplier rationalization and standardization. A typical tactic deployed by procurement organizations is trying to reduce the variety of similar items that the organization purchases. The reasons for this rationalization go beyond cost savings and can include: Supplier diversity initiatives Supply mitigation and management Going green Ultimately, standardizing is not as easy as it may first appear. Take, for example, an organization with multiple manufacturing plants, each of which buys tens of...