About   |   Newsletter
Demand & Supply Chain Management Evolution

Document Detail
Language: English

Achieving spend visibility: benefits, barriers, and best practices


Company: IBM
Tag: Spend Visibility
Spend Management
Supply Management

The benefits of spend visibility are numerous. Organizations with good visibility can better identify savings opportunities, better enforce contract compliance, and help facilitate compliance with regulatory and financial reporting requirements with a comprehensive auditable record of their spend. From a spend management perspective, these benefits can often translate into significant savings that could equate to hundreds of millions of dollars for a large enterprise. The barriers to achieving spend visibility are significant. Spend data is dispersed across multiple, incompatible systems. Data quality is poor or coded for financial reporting, without the information needed to drive procurement decisions. Further, data is often incomplete, lacking specific part or item attributes necessary to identify many savings opportunities.



read the full document >>
(external link)

Other Documents of
in English

A proven 5-step framework for managing supplier performance

Achieving Seamless Cross Channel Execution

Chief Supply Chain Officer Study

Corporate Counsel Survey. Managing Contract Risk

Extend your ERP system through Sterling Commerce Selling and Fulfillment solutions

Fast ROI with Optimization

From Out-of-stock to Saving the Sale

How Enabling Supply Chain Visibility Can Improve the Bottom Line

How to Justify the Cost of a TMS by Automating Freight, Audit and Payment

How well does your company take orders?

Learning from leaders. An executive guide for managing risk in global sourcing

Managing Volatility Through Smart Inventory Planning

Optmizing the Source to Contract Process. Maximize and Lock in Savings

Order Management Calculator

Practical Scheduling Examples with IBM ILOG CP Optimizer and IBM ILOG OPL Development Studio. Efficiently model and solve practical scheduling problems

Procurement Leaders Insight - The risk of supply

Reduce procurement cost and mitigate risk

Solve Planning and Scheduling Problems. How business managers can use optimization

Solve your toughest planning and scheduling problems

Streamlining the Dairy Supply Chain

The New Business Case for Inbound Transportation Management

Truck 2020 - Global study methodology

US Dairy Industry Leader. Supply Chain Strategy and Network Optimization

Why supply chain visibility is critical to achieve the perfect order