As a procurement and sourcing professional, you employ the latest techniques, tools and technologies to ensure you are buying the right goods from the right supplier at the right price. You have become a master at negotiation, building into your contracts millions in potential savings through price, volume and early pay discounts. But do you know if that potential is ever realized? Or are many of your hard earned concessions lost after the contract is signed and the PO sent out the door? For many companies, millions in savings is lost every year through leakage due to separated systems and siloed people and processes. This session will focus on the value of the Networked Economy in closing the loop on the entire source to settle value chain to ensure savings is captured at the back end and critical spend information is fed back into the beginning of the process as well, leading to millions in savings.

Contributors: SAP Ariba
Categories: 2013 Nov 13 - New York City, Symposium
SRC Type: eSourcing and Tools, Procurement Operations