Finance professionals have a major part to play in improving supplier management, if they take the right incremental approach, say Blair Eldridge and Catherine Cremoux of EDS.
For example, the creditors and payments systems can be used
to support spend management, supplier relationship management
and sourcing, by providing a starting point for the rationalisation
of the supplier base and the negotiation of better terms.
Similarly, integration with supplier systems can significantly
reduce clerical effort.
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