GLOBALITY
“ Trust in autonomous execution has been a fundamental design consideration for us from the beginning”
Joel Hyatt CEO Globality
The unmanaged spend that is costing companies millions According to Ardent Partners, more than half of all addressable enterprise spend is still not competitively sourced. Often the one factor that is holding procurement teams back is the team’ s capacity.
“ Without a centralised sourcing tool, half of all spend isn’ t competitively bid and isn’ t negotiated,” Joel says.“ If procurement could capture and negotiate that spend, the value they’ d contribute to the business would be far greater.”
The amount of work which goes into running a single sourcing event today is significant. A category manager must review the request and determine whether it is even worth competing and then must build the RFx. Then they must find the suppliers, invite the suppliers to participate, wait for responses and continually remind suppliers, consolidate responses and then negotiate.
As a result, procurement teams are forced to prioritise and triage what events to bring to market, and spend that doesn’ t make the threshold for management often just gets renewed with the previous rate. This trade-off costs businesses millions.
Glo 2.0 solves this problem by streamlining the entire sourcing process from intake-to-award with autonomous sourcing, so procurement teams can manage more spend with AI agents acting as an extension of the procurement team.
“ Globality’ s autonomous sourcing represents a real opportunity to scale our sourcing work, enabling us to run more events efficiently and ultimately deliver greater value,” says Samer Ijaz, Head of Strategic Sourcing at Dropbox.
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