With savings of 5% – 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 that more than a good night’s sleep is required. Effective sourcing decisions hinge on sound analysis of enterprise spending that reflects both internal and external data using an integrated approach of Strategic Sourcing and Supplier Management technology and analytical tools.

Topics in this session included:

• Best practices and key considerations for implementing a successful spend analysis program to uncover sourcing savings
• An integrated approach to Strategic Sourcing and Supplier Management
• Effective supplier discovery and risk mitigation

Contributors: Caesars Entertainment, SAP Ariba
Categories: 2014 Fall - Denver, Summit Presentations
SRC Type: Benchmarking and Analysis, Procurement Operations, Realization, Sourcing, Sourcing Management, Third Party Management