Many of the world's largest enterprises, who source billions through their supply chains, still use spreadsheets and manual data analysis for their complex, strategic tenders.

What is holding these companies back from embracing sourcing optimization? For companies that do adopt sourcing optimization, they report finding new savings after their first bidding event leading to 100% ROI, improvements to their processes and best practices and even enhanced supplier relationships.

In this guide, we take a look at the five reasons why sourcing optimization is critical and why it's competitive differentiator for an organization.