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Linking Spend Analytics and Contract Management to Public Procurement
Aberdeen Group, April 2011, Pages: 8
The modern sourcing and procurement organization is faced with a wide variety of challenges and pressures in the pursuit of corporate performance, such as increasing supply risk, exhaustion of savings opportunities, and leakage of cost savings due to poor / insufficient contract lifecycle management execution. Within the public sector, public procurement professionals are faced with these challenges as well as the overarching mission to serve the public and make the most efficient use of governmental funding.
Aberdeen research from the State of Strategic Sourcing dataset (March 2011) has found that public sector organizations are lacking behind top corporations in terms of procurement and sourcing performance. Unsatisfactory rates of spend under management and contract compliance, combined with a steady level of savings leakage, is pointing to specific weak links within public sector sourcing programs.
Key report benefits:
- Grow Spend Under Management
- Cut Savings Leakage
- Improve Cost Savings
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