Peter Drucker is quoted as having said “if you can’t measure it you can’t improve it”. For the most part, purchasing professionals subscribe to this belief as they are data driven folks who seek to improve processes and costs through data. However, their efforts are hampered by purchase order, supplier and spend data that resides in multiple enterprise systems, supplier detailed cost information that is disbursed in hundreds, if not thousands, of excel spreadsheets. In this white paper, APD professionals reveal the keys to unlocking the cost reduction and improvement potential of this data without launching new systems or changing existing practices.
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