Optimizing Direct Material Sourcing with a Unified, Extensible Source-to-Pay Platform

Strategic sourcing for direct procurement is an essential practice that enterprises must get right to prevent supply chain disruptions and maximize competitiveness and profitability.

Direct sourcing usually requires a higher degree of coordination, risk management and supplier management than sourcing for indirect procurement. This makes it a more challenging and absolutely critical aspect of supply chain management.

Complicating factors include:

• Lack of visibility
• Supply chain complexity
• Product variability
• Cost variability
• Risk management
• Sustainability
• New product development and innovation