DS-Procurement-Sourcing

Effective procurement and sourcing can have a dramatic and positive effect on any organization. By driving spend under management, managing supplier performance, and ensuring your contracts work for you, businesses benefit from far tighter controls.

Managing payment terms is just one example where leveraging a key contractual term benefits business, conserving cash: the lifeblood of any business. There are many other terms that are far less visible and rarely tracked that can have an equally large an impact to the business.