Strategic Services l Custom Sourcing Taxonomy
Compliance Tracking: Ability to track spend against expense categories defined in the manner in which you source goods and services
Demand Management: Help ensure that you understand the implications of demand management on your sourcing plan and be positioned to proactively report the effects
Sourcing Plan: Use new clarity of vision to build better sourcing plans
Continuity of Business Plan: Mitigate the risk in your supply chain as well as execute your supplier diversity goals
A Sourcing Taxonomy customized for your business will:
- Provide an accurate view of the spend from a procurement and expense management perspective
- Defragment the spend to give you greater leverage during supplier negotiations
- Reduce the amount of time your commodity managers spend researching unclassified or misclassified spend
- Reduce the amount of time required to consolidate and analyze executive reports
- Increase the sophistication of analysis used to identify new strategic opportunities for spend reduction
- Drive compliance to negotiated contracts to impact savings targets
- Provide the intelligence to make decisions concerning Demand Management