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Lack of system integrations and actionable insights are stopping organizations from accurately measuring performance. Key findings include: 97% of advanced procurement departments say procurement strategy is well aligned with overall businessstrategy versus only 14% of beginners. on time payments) and spend visibility.
Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. In fact, they go beyond simply supplier management, what they do is Supplier Engagement. Trigger internal business processes (e.g.,
New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. Lack of system integrations and actionable insights are stopping organisations from accurately measuring performance . on time payments) and spend visibility.
Market Research and Analysis When it comes to identifying a legitimate sole source situation, conducting a market survey is an integral part of the process. This helps to maintain the integrity of the procurement process. Therefore, procurement teams must implement strategies to manage these risks effectively.
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