Key Challenges & Recommendations from Gartner®
Key challenges identified by Gartner® for driving productivity and increased savings across a variety of spend categories include:
- While sourcing optimization tools have become easier to use, most still require a specific skill set and approach to maximize successful sourcing events and increase savings.
- Sourcing and procurement professionals perceive sourcing optimization tools as too complex and are therefore unwilling to change. This hinders the strategic use of such tools to maximize savings unless internal best practices are developed and maintained.
- Lack of Understanding of functionality and ways to maximize value from sourcing optimization tools creates internal resistance in many organizations, which prevents the adoption of advanced sourcing optimization (ASO).
Read this Gartner® report for recommendations to address these challenges with 3 steps to increase cost savings using advanced sourcing optimization.