The increased emphasis on cost control that has come out of the most recent recession has accelerated the growing trend toward centralized sourcing processes. Companies are seeking to consolidate spend for better visibility while tracking the savings all the way to the bottom line. As Figure 1 illustrates, savings remains the top priority for chief procurement officers. And in today’s market, organizations need to make the most of every dollar saved.

 

Contributors: SAP
Categories: Newsletter, SIG U Resource
SRC Type: Sourcing