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REPORT | The Hackett Group

Digital Transformation Reduces Strategic Sourcing Costs and Cycle Times by 30%

The Hackett Group’s 2017 Sourcing Cycle Time and Cost Measurement Study found that companies devote an average of 16 full-time staff to the sourcing process for every $1 billion in spend. 

Teams are being stretched thin and half of all strategic sourcing time is spent in the supplier evaluation and negotiation phase. It doesn’t have to be so if a digital transformation approach is taken. 

In this report, The Hackett Group shares the results of their study and recommendations including:

  • Why companies are advised to revisit their strategic sourcing solutions.
  • Opportunities to streamline your processes with strategic procurement technology.
  • Benefits of using supplier discovery and e-Sourcing software. 
To access the report simply complete the form.