By The Numbers: Spending Analysis

Best Practices Xchange queries summit attendees on applying technology to sourcing.

18 Percentage of companies using real-time spend analysis function "often" or "always."

91 Percentage of respondents with a technology strategy integrated into the overall sourcing/supply chain strategy.

91 Percentage of companies that rarely or occasionally use technology to quantify and mitigate risk in the supply base.

73 Percentage of companies that are using online auctions for 0 - 10% of their sourcing events.

Source: Best Practices Xchange

See Also

• Sweeten The Deal
• Early Payment Discounts
• Beaker Counters
• Market Watch: Material Demand