When the business engages the supply management group in purchasing and sourcing, it can increase savings, better leverage organizational spend, negotiate stronger contracts, and reduce supplier risk. Managed spend, as a percentage of sourceable spend, serves as a primary indicator of a company’s ability to capture value from the supply management process.

Read How Supplier Diversity Programs Are Changing + New ERP Quick Poll, & Sourcing Benchmarks. Register for the upcoming webinar, Rewriting the Rules of Global Trade & Sustainability