At many organizations, the purchasing structure is decentralized—and while that might be a good enough process on a case-by-case basis, it makes it impossible to get a holistic look at how your spend could optimize your supply chain. And that means money and risk is getting left on the table.
What’s a better option? By partnering with purchasing organization that offers a spend visibility solution, you can gain an understanding of your spending habits and assess where your collective buying power could provide savings and opportunities.
This playbook examines why spend visibility needs to be an integral part of your procurement process and how gaining visibility can help your organization: