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billion in costs through categorymanagement in fiscal 2024, nearly 29% above their goal for the year. And while no one would say government purchasing has exactly become simple in the intervening 10 years, categorymanagement and best-in-class contracting have done their share of work toward making things better.
A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate categorymanagement for strategicsourcing in supply chain. In fact, 74% of ERP implementations go Over Budget and they take longer to roll out.
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