Supplier Networks: The Cost Saving Connection

Supplier Networks: The Cost-Saving Connection

Christopher Dwyer

The growing disconnect between enterprises and their supply base has consistently resulted in higher invoice-processing costs, decreased visibility into spend, and more instances of non-compliance. Through the advent of supplier networks, enterprises are able to more quickly connect with their suppliers and ensure a long-lasting bond that can generate lower costs and quick turnaround on sourcing, procurement, and payment activities. Aberdeen research has found that enterprises currently utilizing supplier networks have seen nearly 30% lower processing costs than organizations without a network

SUPPLIER NETWORK ARTICLE







http://www.aberdeen.com/c/report/research_briefs/5180-RB-supplier-networks-savings.pdf