A Practical Approach to Increase Spend Under Management and Optimize Strategic Sourcing Savings

SunTrust | Ariba, an SAP Company

With savings of 5% to 20% for every new dollar brought under coverage, it is no wonder that increasing spend under management is a critical issue that keeps procurement professionals up at night. While the task seems straightforward, organizations often stumble on their journey due to the lack of ability to gain the right insights from their data. This session will demonstrate how effective sourcing decisions hinge on sound analysis of enterprise spending that reflects both internal and external data. Learn how through classification, benchmarking, data enrichment and enhanced supplier information, the spend analysis solutions of today allow users to make accurate sourcing decisions supported by the right information. SIG Global Sourcing Summit session attendees will also hear how one company has leveraged spend analysis as the foundation for spend management efficiency.

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