Even in just providing basic infrastructure plumbing, supplier networks can provide significant value in areas like supplier enablement, catalog management and electronic invoicing. Moreover, networks can help organizations save time and money not only through avoiding manual steps and touch points (e.g., when on-boarding new suppliers as part of an AP/procurement eProcurement and payment initiative) but by leveraging a many-to-many approach in which suppliers only need to update basic information such as banking details, contact information, etc. in a single place (i.e., the network) which is then broadcast to all participating customers using it on the buy-side.
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A few weeks back, I sat in on a fascinating (and downright scary) presentation at ProcureCon by MacDonnell Ulsch (Don), President & Chief Risk Analyst, […]
This series of posts is based on content, ideas and recommendations from the following Spend Matters Perspective: Making Sourcing Savings Stick: New (and Not-so-New) Strategies […]
Last week, I quickly pieced together a Friday Rant which was somewhat critical – from a strategic standpoint solution standpoint – of the announced merger […]