Leading organizations have started to move beyond tactical use of spend management embracing initiatives that consider spend management as a key strategy to approach corporate objectives. Latest being the adoption of Six Sigma principles to Spend Management. Organizations are now striving to institute a spend management process that has defined objectives and measurable process parameters. All they desire is, continuous process improvement: the principle Six Sigma objective.
While, the Six Sigma initiatives are in full swing at many enterprises today, they are constantly hitting roadblocks due to inability of tracking and measuring process parameters. We explore here the root causes of what makes or breaks the adoption of Six Sigma and how leading enterprises leveraged Zycus Spend Data Management software to achieve Six Sigma process excellence in Spend Management. |
