In our last blog we discussed the common obstacles that procurement is likely to face while transforming the eSourcing process. (Click here to read part 1 and part 2 of the series)

In this blog we will talk about the benefits that come along with leveraging technology in your sourcing process.

• Increased level of cost savings
• Better alignment of sourcing and business objectives
• More robust management of key spend categories
• Supply risk assessment
• Optimization of ideal suppliers
• Higher level of accountability while executing sourcing projects
• Enhanced data reporting/analysis leading to informed and better decisions
• Increased visibility into sourcing projects
• Structured process leading to shorter sourcing cycle time by 25%-40%

Stay with us as in our next blog, the last in the series we discuss some implementation best practices.