HCMWorks Archives

Posts Tagged ‘procurement decisions’

When “you don’t know what you don’t know” – Understanding the Value of Analysis

Many organizations we work with continue to struggle with indirect procurement, especially services, due to the lack of detailed spend data visibility. The core elements of data required to make solid strategic decisions are often unavailable in typical ERP and Procurement Catalog type systems. However, we find the problem to be even more rudimentary than that: many of the companies we speak with tell us "We don't know what we don't know." In other words, they are uncertain which key business metrics need to be collected in order to make strong strategic procurement decisions that will materially impact savings and corporate goals.... Read the full article here

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