Managing procurement processes and working with suppliers can create conflicting business objectives, including cost reduction, deployment of new products and market innovations, and reduction of risk. As the complexity of procurement tasks increases for most organizations, a large part of all business IT spending happens without the appropriate strategies for governance and oversight. This leaves companies overspending on procurement by an average of 20–25% for the services needed to run and grow their businesses. Maximum spend discipline comes from having ironclad purchasing policies and practices across the business and real-time analytics to know when and where to optimize the procurement process.
There are several issues preventing companies from capitalizing on potential savings, including:
The Data Intensity approach to delivering procurement ROI is based upon decades of practical experience in architecting Procurement and Supplier Management solutions. Our Procurement Management services tie directly into your business systems and processes and deliver a lifecycle "Analyze to Settle" methodology.
The ability to offload management of IT procurement helps you manage your business more effectively, driving improved efficiencies, capitalizing on growth opportunities, and establishing a stronger business foundation.
Companies can realize an average yearly savings of 18% or more by understanding their procurement needs and then managing their purchasing accordingly.
This includes savings of as much as:
In this webinar, you will learn about:
“Deploying Oracle sourcing via Data Intensity’s SaaS support model allowed for a rapid return on our investment and played a key role in achieving our annual savings objectives.”
VP, Global Procurement
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