Spend analysis delivers the spend visibility you need to make better, faster, and more confident buying decisions
and negotiate with more clout.
Sourcing is the stage that comes before any purchases are made and can be considered a subsection of the procurement department. Before you can procure materials from your suppliers, you must first find and vet those suppliers.
When you have an effective strategic sourcing process in place, you’ll find reliable, affordable, and quality suppliers to supply the goods you need. Good work here makes the procurement process more streamlined and efficient.
Say goodbye to misplaced and mismanaged paper contracts and to the risks and lost savings that go with them.
You can eliminate the paper and ink from the creation, execution, and management of any type of contractual agreement.
You can drive spend to preferred suppliers and reduce risk every step of the way, from supplier onboarding and qualification to segmentation and performance management.
to help you
measure, analyze, and manage
the performance of a supplier in an effort to cut costs, alleviate risks, and drive continuous improvement.
To protect your organization against supplier risk, your buyers need the ability to make smart, safe, informed decisions during supplier selection, qualification, and segmentation. They also need ways to detect early warning signals and proactively monitor risks for each supplier engagement during the procurement process.