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Just about every organization spends a large proportion of their money on external parts and services. For example, a typical major airplane manufacturer will procure up to 80% of the parts that go into one of their airplanes from external sources. With global supply chains being the norm, manufacturers must be, and indeed, are critically concerned with getting the best deal on every dollar spent anywhere along the supply chain. You need Best Tools and Best Practices, along with time to walk down the learning curve to achieve this. Here are those best practices.
This list is deceptively short. Accomplishing all of them requires concerted effort to achieve optimum levels of Spend Performance Management. Ready to get started?
Lonnie D. Ayers, PMP
President, SAP BW Consulting, inc.
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