Build Intelligent Supply to drive network transformation
Intelligent Supply impacts every component of the procurement function to source goods and services from leading suppliers at the best value while driving efficiencies in procurement operations, improving supplier relationships and mitigating risks. Intelligent supply enables organizations to source goods and services at predictable costs; collaborate with suppliers and business partners to accelerate innovation; transform the experience of internal customers through automated requisitions, contract management and touchless invoicing; and monitor risk in real time.
Enablers for Intelligent
Supply
Drivers for
Change
There’s a notable market shift from reactive supplier communication to proactive strategic relationships with suppliers.
Companies are looking for cost insights that are not limited to the data received from suppliers and product or service specifications
Companies want to partner with suppliers that offer cost transparency, value, innovation and global reach
Companies seek improved input from category management and insights into world-class supplier capabilities
Organizations now are triggering payments by utilizing real-time signals & executing automated secure payments
Digitized data can support complex and real-time analytics for financial reporting
Mobile applications can swiftly and easily help manage the procure-to-pay process
Dynamic benchmarks ease quote assessment, price negotiations and award analysis
