Bad data: the problem with procurement

With the precarious economic situation, companies across the board are trying to slash costs wherever they can. Because companies can spend up to 60% of their revenue to acquire the goods and services necessary to conduct business, procurement professionals are being asked to reduce the company’s overall spend, some by as much as 20% in a year.

Companies now realise more than ever the effect of procurement strategies on their profitability and viability.

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