Attack the Gaps in Your Sourcing Toolkit with an Advanced Sourcing Solution
To achieve the next level of spend under management and cost reductions, leading companies are adopting a more advanced, strategic sourcing solutions, like that offered by CombineNet ASAP, to augment their existing technology investments.
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Spend Under Management with General Sourcing Suites
“Spend under management” is often defined as spend that is identified, sourced, and managed by a centralized or center-led team using a variety of e-sourcing technologies. By capturing more spend under management, companies gain the benefits of better organizational visibility into what is being spent, for what, and with whom. In addition to identifying cost savings opportunities, capturing more spend under management enables better efficiency, productivity, and predictability within an organization’s sourcing and procurement activities.
Beginning in the late 1990s, e-sourcing technologies emerged to assist with this process, initially finding traction within large organizations, with slower adoption amongst small and mid-sized companies. Successful providers here, based on market share today, include SAP, Ariba, and Emptoris. Those vendors, and others, offer customers a variety of solution components in addition to basic e-sourcing, including spend analysis, contract management, and supplier performance management, often delivered as a solution suite.
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