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

By Roshnee
In Strategic Sourcing
Nov 28th, 2013
0 Comments
7173 Views

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)

Benefits of Automation

Image credit: stopnlook, Flickr

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.

Download Whitepaper

 

About "" Has 160 Posts

Roshnee works with the content leadership team of Zycus. She regularly writes on procurement - trends and best practices, sometimes taking the off beat path to bring in a fresh perspective. She also drives the branding activities of her company. In her free time she enjoys hot cuppa coffee with the latest fiction book. She is an MBA in Marketing and a graduate in commerce.

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