Spend Analytics as key enabler to achieve sustainable procurement value through Closed-Loop Spend Management (CLSM)
The rising tide of environmental awareness has rendered purely cost-driven procurement strategies untenable. Companies must shift gears towards a value-based approach, where ecological impact is given significant weightage in purchasing decisions. This paper delves into how Closed-Loop Spend Management (CLSM), armed with data-driven insights from spend analytics, empowers this transformation.
