Technology can play a critical role in helping procurement organizations better manage MRO spend and create implementable savings programs with additional benefits (e.g., supplier rationalization). But companies shouldn’t start with sourcing or eProcurement tools – or even clever supplier technologies to manage demand (e.g., Grainger kiosks). You should start with spend analytics – but not just any old generic spend visibility program applied to MRO will do.
MRO Sourcing: Forget Negotiations, Start With Good Visibility and Data [Plus+]
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