“Companies should start by identifying the value to the business , be it tangible or subjective value ”
MATTHEW BUCKINGHAM VICE PRESIDENT OF BUSINESS DEVELOPMENT & ALLIANCES , FOCAL POINT of the big advantages . Companies can use internal and external data to mitigate risk , track compliance , monitor suppliers and proactively resolve issues . One final benefit is sustainability . More efficient resource utilisation and waste reduction contribute to a company ’ s sustainability goals but using an updated ecosystem that centralises information allows you to hit those sustainability goals by collaborating with your suppliers to track those sustainability objectives as you go .” procurementmag . com 91