Oversee 100 Percent of External Spending
Anything that creates a gap between insight and action - performance metrics included - must be addressed promptly for procurement to succeed in today’s high-stakes business environment.
Does that mean it is time for procurement to stop working to optimize spend under management? We think so.
As part of our mission to 10X the impact of procurement, we emphasize a focus on overseeing 100 percent of external spending instead of striving for 100 percent spend under management.
In this paper, part of the 10X series, Art of Procurement partnered with the team at Zip to explore the importance of overseeing 100 percent of spending based on the benefits to procurement and the business as a whole.
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