Continuing on our theme of analysis and optimization, every e-Sourcing suite on the market will support your organization in its sourcing activities, but not every product will allow your organization to optimize it’s sourcing activities.
Optimization requires advanced sourcing capability, and advanced sourcing requires the ability to analyze data, not just collect and report on data.
This means, that at the very least, you will require:
- true spend analysis,
- true category analysis,
- true cost-based bidding, and/or
- true bid optimization.
Without at least one of these capabilities, you’ll never optimize your spend. So don’t even both to try without them.