Strategic sourcing relationships typically suffer value erosion of up to 20% of ACV when managed using traditional supplier management models.
The traditional governance approach, already limited in effectiveness due to its manual nature, is further constrained by the use of incompatible systems across the organization for managing contracts, performance, invoices, and buyer-supplier collaboration. This makes it impossible for organizations to stop the value leakage.
Causes of value leakage in strategic sourcing relationships
Overview of existing supplier management solutions
Technology-driven governance solution can reduce value leakage through transparency and analytics
Download this whitepaper to learn how the above challenges can be addressed through a technology-driven, integrated governance approach.