How to Use Spend Management to Improve the Performance of Your Suppliers, Generate Hard Savings and Achieve Greater Customer Satisfaction
Thu, Nov 21, 2013
02:00 P.M. ET
Good data is at the heart of good performance management. And the basis of effective decision-making is the ability to gather information from a variety of sources, including business units, corporate leadership and suppliers.
Many companies have well-established processes and reliable tools that enable them to automate how they gather data -- and inform their decisions -- about spending. Yet many companies perceive that they are unable to automate how they collect and analyze data about how they manage their suppliers. What they may not recognize is that the tools they use to evaluate their spending can also enable them to evaluate how they select and source from suppliers.
During this Webcast, you will have the opportunity to hear a case study about how FMC Technologies, a large oil and gas firm, uses spend analysis to ensure not only that the company achieves hard savings that result from managing suppliers cost-effectively but also that its suppliers' standards reflect FMC Technologies' highest priorities when serving its own customers: safety, quality and delivery. In addition, you will learn how to apply best practices of spend management to improving the performance of the suppliers on whom your company -- and ultimately, your customers -- depend.