Poll: Sourcing Managers Expect Annual Cost Savings of up to 5 percent

An Analysis of Clinical Development Benchmarking Practices

With timely recruitment, continuous monitoring, and shorter cycle times being key to the success of a clinical trial, benchmarking has become more important to the industry, and the practice has a large impact on cost, quality, timelines, and a sponsor’s brand name.

Poll: Sourcing Managers Expect Annual Cost Savings of up to 5 percent

We ran a poll among users of Beroe LiVE, a community of thousands of Procurement decision makers, to find out their expected percentage of cost savings in their respective spend areas for the financial year 2018.

Cost Benchmarking can help formulate good contract terms

Besides traditional methods, cost savings can also be achieved by designing the best contract terms with the suppliers. The best terms can be identified with the help of cost models and cost indices.

Accounts Payable automation underpins the success of Payment Terms

Beroe periodically runs benchmarking polls among Beroe LiVE members on various parameters such as accounts payables, cost savings targets and so on. Our Procurement Community has recently voted on the Payment Terms that they offer to their suppliers.