Top pressures faced by the public sector:
- top-down directives to increase savings
- improve sourcing performance
- improve indirect spend management processes
Procurement / sourcing solution utilisation:
- spend analysis
- contract lifecycle management
- e-sourcing
- supplier performance management
- optimisation-based sourcing analytics
Automation of key contract management process:
- approval workflow
- contract repository
- electronic signatures
- proposal phase
- reporting and analytics
- contract creation / authoring
- negotiation scenarios
Required actions:
- continue to reply on spend analytics and lean heavily on slice-and-dice capabilities
- broaden automated contract management capabilities to expand management of procurement contracts
- enrich existing spend data with real-time supplier information
