Remove Buyers Remove Category Management Remove Strategic Sourcing
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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

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Procurement technology can also help businesses improve supplier relationships and enhance communication between buyers and suppliers. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. Create speed and transparency.

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What’s the Difference Between Direct vs Indirect Procurement?

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There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. .

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

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Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Demand planning capabilities.