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By automating routine work, procurement professionals can focus on high-impact tasks like strategicsourcing and relationship building with key suppliers. Its estimated that 87% of organizations are now using e-procurement technology, and 75% of organizations plan to implement e-procurement tools within the next four years.
A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate category management for strategicsourcing in supplychain. Demandplanning capabilities. Best-in-Class Beats Single-Stack.
Cost benchmarking and market intelligence Data visualization and reporting Predictive analytics for demandplanning Data-driven procurement not only improves efficiency, but also empowers more strategic decision making to maximize value. Dual sourcing and supplychain digitization can help.
Consider these examples: At one food distributor , 96% of disruptions were identified within one hour, and quickly resolved, leading to a 65% reduction in disruption response times, supported by visibility on a platform across demandplanning, supplyplanning and WMS.
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