Remove Buyers Remove Cost of ownership Remove Supply chain resilience
article thumbnail

Procurement transformation 2025: Why invest in procuretech and how to make the case – Kodiak Hub

Spend Matters

Tactical: Improved bargaining power and lower total cost of ownership, such as maverick spend, cost avoidance, volume consolidation and overview and control, is greater than 5%-10% of total spend saving. As always, reach out to discover how Spend Matters can help with your procuretech ambitions for next year.

article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Total Cost of Ownership, ERP appears to be cheaper, but is it?