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Data – Not Documents – as the Basis for Improved Business Outcomes
When procurement manages supplier relationships and agreements manually, they are leaving valuable data, insights, and opportunity on the table.
On the other hand, by arming themselves with fit-for-purpose technology that makes data – not documents – the main strategic focus, procurement can drive value that leads to better supplier management and improved decision making across the business.
In this whitepaper, we partnered with the team at SimpliContract to explore how procurement can transition from a limited focus on documents as an end in and of themselves and instead, take a coordinated, tech-enabled approach to prioritizing the vast goldmine of data and insight that’s right at their fingertips.
Download this paper to learn:
- How a data-first approach to supplier management can lead to improved business outcomes
- How technology and AI can extract meaning from large data sets across supplier relationships, agreements, and spend categories to improve oversight, reduce leakage and rogue spending, and detect risk
- Why procurement is long overdue for a mindset shift towards strategic supplier data management and how to rally your team around that change
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