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Home » Blog » Strategic Sourcing » The Why, What & How of Strategic Sourcing: Part 4 – Benefits of Automation

The Why, What & How of Strategic Sourcing: Part 4 – Benefits of Automation

The Why, What & How of Strategic Sourcing - part 4
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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.

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