Free Download: e-Sourcing Must be Easy to be Adopted
A platform that is not used does not identify savings or generate value. Many organizations are only using their existing e-sourcing platform on 25% of their events. This means that an average organization is not maximizing the savings or value on 75% of events, and losing out on considerable value. Even if all of the sourcing events that did not go through the platform were tail spend, when you consider that the overspend on these lower dollar categories is typically 15%, the savings can add up fast when an e-sourcing platform is used even 50% of the time.