Procure-To-Pay KPI: Sourcing Increased Capture
How to Measure Procurement
What Increased Capture Means for Your Business
With analytics on your side, you can use Strategic Sourcing for better pricing, best-fit suppliers, and empowered decision-making.
Better analytics mean better results.
You need a better look into your spending.
Armed with better data and analytics means your business can use Strategic Sourcing like never before. Managed spend returns 1% and Strategic Sourcing from Sourcing Better Unit Price returns 8%.
These combines savings help you analyze what you can expect to save through Sourcing Increased Capture.
1% Increase in Savings on Spend Under Management * 8% Sourcing Better Unit Price * Rate of Adoption = Expected Savings through Sourcing Increased Capture
Better insight into spending means better tools for making the right choices in the future.