Having an exclusively internal focus during strategic sourcing assumes your enterprise is at the center of the mark… https://t.co/OwY0sY12Rc
Procurement has come a long way — from a back-office, transactional function to a strategic partner powering a stronger, more successful business. But most of the dramatic change has come about within indirect procurement. On the other side of the equation is direct spend — a much more complex process involving globally distributed suppliers, heavy dependence on logistics, and extensive collaboration among numerous parties and activities. The intricacies of direct procurement lead to persistent inefficiencies and missed opportunities to make the business more competitive and create real value.
In this webinar presented by GEP and Everest Group, our presenters explore the factors contributing to suboptimal direct spend management, and what to actually do about them. It's a starting point for enterprises to begin changing their approach to direct spend management — ultimately realizing the untapped potential in direct procurement by leveraging external expertise and adopting the latest technology.
On the Agenda:
- The intrinsic challenges of direct spend management (as distinguished from indirect)
- Specific tactics to revamp direct spend management processes
- The latest disruptive technologies in direct procurement
- The key adoption drivers for direct materials outsourcing