Source One Round Up: July 2, 2015
Here's a look at where Source One experts have been published this week!
Imagine having a system in place where you could easily access spend by supplier, break that spend down in a meaningful way (division, business, unit etc.), and know with clarity what was being purchased from that supplier. Then imagine being able to quickly access the contracts associated with that supplier, as well as a history of the relationship, including scorecards, RFP results and other relevant documentation. Imagine getting an overview of quality audits, risk assessments, and relevant supplier contact information. These are all capabilities a comprehensive SRM (supplier relationship management) platform built with data analytics and market intelligence can provide. Procurement is changing, and supplier relationship management is a critical component of its evolution.