To survive in today economy, every enterprise must put the reins on spending across every location and category. Rogue spending infiltrates even the most disciplined distributors, and is even more apparent in organizations with remote locations and employees. Vendor lists grow like weeds. There is confusion over who manages what service area, and manual approval procedures for requisitions and invoices are cumbersome. The ability for an enterprise to effectively source, procure, and manage its spend must keep pace with the demand for promptness and compliance in supplier relationship management (SRM).
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