We have observed that the desired savings are not being captured despite spend consolidation for a particular category. The reason may be that category teams are missing huge opportunities by considering “specs” by suppliers based only on the contribution to the spend.
Chasing the dream of fully automated contracts is not a new phenomenon In fact, academicians and supply chain participants alike have been on a decades-long quest to eliminate the supposed inefficiencies in traditional written agreements.
COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)