Strategic Sourcing and Procurement operate in a cycle: Sourcing negotiates the contract (defining the price and terms), and P2P executes the transactions (raising the POs and paying the invoices). The effectiveness of the entire cycle is destroyed if these two phases are disconnected. If employees cannot easily find and use the approved contracts, negotiated savings evaporate due to maverick...
Supplier management is an enterprise-wide function, yet organizational reality often sees supplier data fragmented across various departments: Procurement holds contracting terms, Finance/AP holds banking details and payment history, and Legal/Risk holds liability and compliance documents. This siloed approach creates massive inefficiencies and exposes the organization to significant,...
The greatest challenge for Procurement teams seeking to maximize cost savings is a lack of foresight into the organization's true demand. When spending requests arrive reactively as urgent Purchase Orders or surprise invoices procurement is stripped of its negotiation power, forced to accept spot-market pricing or use fragmented, small-volume orders. C1 Global addresses this fundamental...
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