The most common types of buyer noncompliance is buying from unapproved suppliers (74%) and through unapproved channels (68%). You’ve seen it time and time again, employees purchasing items outside of negotiated contracts -- leading to maverick spend.
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(n.): the ideal, utopian environment that procurement organizations thrive in; a perfect world where 100% of spend data is visible.
In a utopian world, there would be processes and technologies in place to streamline purchasing, reduce lost savings, and capture spend visibility throughout your entire organization
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