Life as a Chief Procurement Officer is challenging, and never more so than in the current climate.
CPOs are tasked to manage reducing cost and increasing savings so their organizations can deliver products and services without disruption - and get the most from source to pay and supplier management to support supplier development. This complex procurement outlook and savings tracking all needs to take place in the face of market volatility, fluctuating commodity prices and supplier uncertainty. Add to that the internal hurdles that most eprocurement departments face from non-compliance and things become even more difficult.
By implementing a robust, enterprise-wide spend analytics software solution as the backbone of their sourcing strategy, CPOs are in the best position to thrive. However, for too many organizations, a spend analysis program, is a once-a-year procurement process that offers a myopic view on their spend data. Without real time visibility, ongoing non-compliant spending goes undiscovered, and inevitably, the hard work of the category management teams is undone.
In this free procurement whitepaper we discuss:
Download our whitepaper to discover how your company can unlock the power of procurement and new sources of savings.
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