One of the most challenging factors faced by any organisation is knowledge retention.
As a strategic sourcing software company, it is typically assumed that the buying community is our only customer.
Nearly all organisations face challenges related to limited resources within the eSourcing group. Many organisations are lucky to have even one ‘eSourcing champion’, much less a team of people dedicated to eSourcing.
It’s a cliché, but like most clichés, there is an element of truth to the fact that being visible to the Finance department is crucial to your team’s overall success.
Spend Matters just published a great article articulating why taking a best-of-breed approach to procurement technology is so important for your organization. It explains how APIs and other open integration approaches have made it easier for any organization to give its procurement team the very best tools to get their jobs done.
You and your team spend an enormous amount of time, resources and effort to negotiate good agreements for your organization. The problem is, that soon after you’ve negotiated it, it’s no longer current.