A new report from Forrester Consulting shines a spotlight on poor supplier collaboration and effectively blames a lack of digitization and too much focus on costs with hurting these alliances. In fact, 77% of companies full well admit that cost dominates their supplier selection process for most sourcing projects. Another 80% of companies say they definitely need to accelerate their procurement digitization efforts.
These and other findings surfaced when cloud-based spend management platform Ivalua paired up with Forrester to learn more about the missing links in the supplier collaboration chain, and to offer up some strategies for fixing these problems.
