Commodity Planning Features and Functions
Many consider Sourcing to be the heart of SRM and commodity management to be the heart of sourcing. Advanced sourcing suites are rich in analysis and decision support technology to absorb huge amounts of data quickly and make intelligent sourcing decisions. They also lay the foundation of execution through the RFx process and managing performance against contracts. Risk management is an area which spans the full lifecycle, but is most associated with the sourcing function.
- Global Spend and Scenario Analysis
- Collaborative Development of Commodity Plans (multi-division, supplier input)
Commodity Management Features and Functions