As the economic impacts continue to evolve from the pandemic crisis, it is important to monitor and manage suppliers closely. Implementing a comprehensive spend analytics framework increases an organization’s ability to drive visibility for better decision making. This can become extremely pivotal when responding to situations of unpredictable shocks while gaining insights on supplier performance, corporate social responsibility, regulatory compliance, and costs.
Read Gartner’s report on Boosting Supplier Management by Integrating Use-Case Driven Spend Analytics to learn how to effectively use spend analytics to support organizational objectives.
This report will help sourcing and procurement leaders understand ways to:
- Deploy spend analytics to address the organization’s problem statements and goals
- Create a strategy that integrates objectives with specific use cases to maximize ROI
- Include drivers that unlock long-term utilization of analytics investments
Source: Gartner, Boost Supplier Management by Integrating Use-Case Driven Spend Analytics, Koray Kose, William McNeill, Kaitlynn Sommers, 25 January 2021
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