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In the face of economic downturns, businesses are compelled to seek innovative strategies to not only survive but also to thrive. “Maximizing Source-to-Pay Cost Savings in Recession: A Panel Discussion” features a star-studded panel of procurement leaders from Sirva, Spirent Communications, and Belden. These experts share invaluable insights on harnessing source-to-pay technology to navigate through recessionary periods by unlocking significant cost savings.
Panel Insights on Source-to-Pay Cost Savings in Recession:
John O’Connell from Sirva emphasizes the critical role of global account management in leveraging source-to-pay solutions for enhanced efficiency and cost reduction during economic downturns.
Nikhil Kotru of Spirent Communications explores the challenges within the global supply chain and the pivotal role of source-to-pay technology in ensuring operational resilience and continuity.
Opi Gahunia at Belden provides a deep dive into managing indirect procurement costs effectively with source-to-pay technology, highlighting its capability to offer comprehensive spending visibility and control.
Moderated by Canda Rozier, a renowned procurement evangelist, this discussion is a must-watch for anyone in the procurement field looking to fortify their strategies against the backdrop of a recession.
Key Learnings:
- Strategic Cost Management: Uncover how source-to-pay technology facilitates strategic cost management, a necessity for sustaining business growth in challenging economic climates.
- Enhancing Operational Efficiency: Learn about the transformative impact of automating procurement processes on operational efficiency, crucial for navigating recessions.
- Strengthening Supplier Relationships: Grasp the importance of robust supplier relationships during economic downturns and how source-to-pay platforms can enhance collaboration.
- Informed Decision-Making: Discover the role of data analytics in driving informed procurement decisions, identifying cost-saving opportunities, and optimizing expenditure.
