Benjamin Duffy
Benjamin Duffy is a Consultant at Source One, a Corcentric Company. Working in Source One’s Procurement Technology Advisory, he works hand-in-hand with clients to identify opportunities to leverage technology, select the best-fit solution for their organization, and implement the technology to achieve their business objectives.
From this author
Before getting into the topic, write down two things:
1) Your high-level definition of the term spend under management
2) What percentage of your company/organization’s spend would you estimate is under management?
Once you answer those questions, read on…
A common statistic most heads of procurement track and report on is their spend under management. If you ask them, most can tell you a specific percent of their company’s spend is under...
- They decide they need a new procurement solution.
- They conduct research and begin to engage with appealing providers.
- They create and distribute an RFP. ...