With considerable cost savings and productivity improvements, you’d think that e-Procurement ROI would be obvious, and the green light to implement would be a slam-dunk. Yet, hesitation persists…
In today’s business world, it is very difficult to succeed on your own. Complicated solutions are required to satisfy the customer’s needs. Often, we need the assistance of a partner to meet those needs and find the right solution for the customer.
Procurement directors and finance officers always ask for spend analytics. They (think) they want the history of their organization’s spend – detailed reports that show, over the course of a quarter or a year, where the money is going so they can plan, budget and make strategic decisions.
Supplier relationships have permanently changed. Customer expectations dictate a closer working relationship with our suppliers. Companies that recognize this change and plan accordingly will be in a stronger position to meet customer expectations in the future.