The combined company's possibly biggest challenge remains a lack of awareness of the need for sourcing/spend management. While many people have realized the power of e-commerce on the consumer side, there is still plenty of education to be conducted by all the SRM vendors to prove how much leverage their applications can bring to corporate buyers.
rfq bids rfq
capabilities like spending analysis, RFQ, bidding analysis, negotiation, contract development, category management, cost savings tracking, specification management, and supplier performance management. More intricate capabilities like cost estimation and target costing, knowledge management (KM), market analysis, the make versus buy analysis, value engineering, supplier design collaboration, buyer-supplier joint cost reduction projects, etc. are still mainly provided through complex not-automated,