Procurement leaders are constantly challenged to find better and more effective ways to manage spend and provide more value to the broader organization. One solution to these challenges can be found in the application of spend analytics.
As shared by OneMarket Managing Partner, Sam Vail, spend analytics can allow organizations to discover sourcing opportunities that can save the company money and better manage supplier relationships. The ability to see where every cent goes provides an unprecedented level of transparency. This transparency, in turn, can provide actionable insights to enable value-driven decisions.
The question should no longer be “Why spend analytics?” but rather “How can we afford not to implement spend analytics?”
Watch the video to learn more.