In an era of rapid digital transformation, supplier data is multiplying at an unprecedented level. The importance of category management, building better category strategies, and identifying and mitigating supplier risks has even greater meaning for procurement leaders. For a CPO to thrive as an integral and influential business asset, supplier intelligence has never been more important. Are you capitalizing on your opportunities to deliver transformational impact?
The 2023 Future of Work Exchange research finds that 49% of the average company’s total workforce is comprised of external, extended talent. As the buyer, you rely on trusted source-to-pay processes that include the necessary suppliers, and technology; and in exchange are achieving automation benefits and overall spend savings.
What most companies fail to realize are the two inherent shortcomings in this ecosystem. Consequently, nearly every business regardless of industry, is losing value from over 30% of their spend.
During these uncertain economic times, the ability to provide your company with material savings while maintaining steady operations and consistent and predictable labor supply is worth your time to investigate further.
Register today to learn more.
- External labor source to pay ecosystem overview
- The inherent flaws costing companies millions
- Simple executable path to material savings
- Case Study: Company with 1,000 contingent workers can save $30m in 90 days