Traditionally, the procurement organization has often been overlooked as a strategic source of competitive advantage. Today, however, technology has supercharged the ability of procurement to deliver added value across the entire organization.
In this playbook, we examine the uses and potential benefits of spend-analytics tools, how to go about choosing the optimal technology solution, when to choose a stand-alone solution versus an entire procurement-management technology suite, and best practices in implementing spend-analytics technology. Readers will:
- Understand why spend management is a top priority for procurement professionals
- Learn how spend-analytics tools can solve the problems of transparency, multiple data sources/systems, spend-category definitions and reliance on Excel spreadsheets
- Learn some of the key steps in implementing spend-analytics tools
- Be able to identify priorities in choosing a technology vendor
Download the Advanced Spend Analytics Playbook to discover how leaders in procurement are improving labor efficiency and minimizing spend.