| Spend Management... Visibility
Over the past ten years, purchasing has evolved from a support- and transaction-based organization to a strategic driver for margin improvement. In most enterprises, however, as much as 35% of the purchases go to non-preferred suppliers, thus diluting the ability to negotiate better contracts. Top executives agree that purchasing efficiency and sustained cost begin with knowing where the company spends its money. However, spend information can be spread across multiple systems and inconsistently categorized making it a challenge to determine category leveraging points.
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