Strategy
Enable strategic purchasing initiatives
The primary goals of most strategic purchasing initiatives are to ensure that you are buying goods and services that are 1) reasonably priced, 2) of adequate quality and 3) delivered reliably when you need them.
SpendMap enables the desired processes and provides easy access to accurate spend history which can be used to...
"After a year of using the system, I saw that we were spending $2M plus with one vendor. With the information that SpendMap provided, I was able to negotiate a 9% reduction on all new purchases with that vendor. This savings alone paid for the system many times over."
- Eric Gilmore, Purchasing Manager, ACI Worldwide
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- Rein in maverick (off-contract) purchasing and spot-buys.
- Analyze spending history.
- Understand purchasing trends.
- Evaluate supplier performance.
- Identify volume pricing opportunities.
- Gain leverage in negotiations.
- Lower the price that you are paying for the goods and services that are needed to keep your business running.