While there is no guarantee that managing more spend will result in superior performance, Ardent Partners research has consistently shown that the procurement groups that manage more spend report superior performance across most other key metrics. Ardent Partners research also has shown that for every dollar that is placed under management of the procurement department, the average enterprise sees a benefit of between 6% and 12% during the first contract cycle. Luckily, Ardent Partners and BuyerQuest have some strategies and tips to improve spend under management and help procurement leaders convert it into real value.
Learn many of the top strategies used by the Best-in-Class to place more spend under management and manage it better
Gain insights into how to turn spend data into actionable intelligence
See how procurement teams can leverage their systems and processes to centralize control and improve compliance
Gain a free copy of Ardent Partners’ State of Procurement 2017 report
Kelly Barner owns, manages, and edits Buyers Meeting Point. She has a unique perspective on procurement from the numerous roles she has held during her 15 years in procurement. Kelly worked for Ahold USA (parent company of grocery chains Stop & Shop, Hannaford, Giant Landover, and more) on their not ...