Source-to-Pay Optimization – Optimize your Spend Management Strategy
Facing increasing economic uncertainty and the costs of ever-growing regulations, business leaders today must look inside their organizations to drive proﬁtability and growth for a competitive advantage. The ﬁrst step in this eﬀort is to identify which spend processes to optimize by benchmarking current performance levels against leaders’ performance.
We will have a look at 3 KPIs across the Source-to-Contract process to gauge your organization’s progress and optimize your spend strategy. You can ensure the most value at all stages by increasing structured spend, enforcing contract compliance, and targeting tail spend.
Whether your team is sourcing indirect goods, direct materials, professional services, or for other needs, you can strategically enhance to your sourcing strategy, allowing you to deliver unprecedented business agility that gives you a competitive advantage and supports your business growth.
In this whitepaper we strive to give you the insights needed to start optimizing the Source-to-Pay process.