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Source-to-Pay: Advancing from Pure Cost Optimization to ...
Cognizant 20-20 Insights Source-to-Pay: Advancing from pure cost Optimization to Value Generation To turbo-charge business value from sourcing and procurement functions, organizations must transcend foundational approaches . focusing instead on refining strategies, heightening efficiencies and delivering more value across S2P operations, to internal customers, and throughout the extended supply chain. Executive Summary The State of S2P. If the pundits are to be believed, 80% of busi- Our assessment of sourcing and procurement nesses treat their sourcing, procurement and activities at organizations with global S2P opera- payment (S2P) processes as non-core functions, tions reveals a host of challenges in six primary with the possible exception being the sourcing of categories: direct materials.
Source-to-Pay: Advancing from Pure Cost Optimization to Value Generation To turbo-charge business value from sourcing and procurement functions, …
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