Because of the sheer volume and complexity of spend data within an enterprise, SDM must be enabled through use of business applications and services that automate labor-intensive classification, enhancement, and analysis activities and that can organize spend data at a detailed, attribute level - all on a repeatable basis.
Procurement organizations are expected to deliver hard cost savings and other performance improvements consistently year after year regardless of market conditions. But, too often, savings opportunities identified through sourcing never hit the bottom line either because spending goes off contract or budgets never get cut.
This Webcast, featuring new performance benchmark research from Aberdeen Group, will look at how top-performing procurement organizations consistently book hard cost savings by-
Aligning with enterprise financial metrics
Placing more spend under management
Assuming integral roles in budget planning and management processes
Optimizing spend analysis and other technology systems and
Carefully managing their relationships with budget holders
