With intelligent, data-driven spend management, bringing cost controls to your business doesn’t have to come at the expense of customer satisfaction. To drive innovation and customer satisfaction while optimizing inventory levels and productivity, you need a seamless way to collaborate with suppliers and manage costs.
Still, a recent IDC survey revealed that more than 50% of organizations are working with fragmented applications to manage spend across the supply chain. They’re feeling the impact in the form of high direct material costs, low margins, and long cycle times.
If your organization is looking to move to the next level of spend management, this infographic highlights some interesting findings from the IDC survey.