The Why, What & How of Strategic Sourcing: Part 4 – Benefits of Automation
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.
To read further, click on the download below to access the whitepaper, The Why, What and How of Strategic Sourcing.