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Document Detail Language: English
How the Best-in-Class “Strike it Rich” with Spend Analysis
Company:
Ariba
Tag:
An Ardent Partners Report
High-performing procurement organizations know achieving best-in-class starts with asking the right questions. Questions like . . . - What are we buying? - Who are we buying it from? - How much are we spending? - Where are the opportunities for saving? - In which categories do we spend most?
That’s just the beginning. According to Ardent Partners, best-in-class (the top 20 percent performers in their market) take it a step further by using automated spend analysis tools across the entire source-to-settle process, a solution common to 60 percent of these performers. And what do they accomplish more than other enterprises? - A nearly 70 percent higher rate of spend under management - A nearly 40 percent higher rate of spend strategically sourced - A 37 percent higher percentage of on-contract spend
Talk about striking it rich. Download this report to learn how you can do the same.
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