Manufacturing Industry
IBM tracks benefits of centralized sourcing data. (E-Procurement Strategies).
Purchasing, March, 2002
Bringing sourcing and procurement activities online can produce a number of benefits that go far beyond the savings and process improvements achieved with a click and buy application. Aggragating spend data through a central repository opens up a host of opportunities that forward-thinking organizations are taking advantage of, and slow-thinking ones are missing out on.
IT giant IBM (Armonk, N.Y.) says it can attribute more than $400 million in hard savings directly to its use of online spending tools in 2001. That does not include the soft savings gained from the improved sourcing strategies that came about from using the tools. That number is bigger but more elusive.
At IBM, tracking the value of its e-procurement tools and the benefits they...
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