AN SRM SUCCESS STORY
Shannon points to automotive giant Mercedes-Benz as a leading example of effective SRM .
As one of the world ’ s largest producers of luxury and commercial vehicles , Mercedes manages its entire roster of 500,000 suppliers on a single platform to optimise contract processes and gain visibility into potential risks .
Using the Icertis platform , the organisation reduced its contract cycle time by 83 %, going from an average of six weeks to one .
“ Icertis gives us a single point of truth , analytics capabilities and seamless integrations with the rest of our enterprise software ,” says Jan Brecht , Chief Information Officer at Mercedes-Benz .