5 Ways Spend Intelligence Helps You Fortify Against an Uncertain Economy
Do you have the right spend insights in place to help you weather an uncertain economy, inflationary pricing, and possible recession in certain global regions?
Spend Intelligence gives Procurement an undeniable advantage by providing competitively superior insights, accessed with speed and ease, to optimize decision making. This eBook illustrates 5 real-world examples of companies leveraging their own spend and supplier data to deliver strong performances even in an uncertain economy with inflationary pricing, an acute crisis, or unforeseeable trend:
1. Identify areas of maverick, non-compliant spend
2. Conduct internal benchmarking using spend category history
3. Determine areas for supplier spend consolidation
4. Identify areas where demand management may help
5. Make progress towards ESG goals despite challenges