PROCUREMENT BENCHMARKING
Get Actionable Insights with Procurement Benchmarking
Turnkey environment empowers users with new benchmarks.
SOURCINGSHARK Technology Leverages Data in Powerful Ways
Benchmarking is a key component of our service.
Our powerful SOURCINGSHARK technology classifies and cleanses your spend and market data.
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Regularly refreshed and expanded data
To track transactions and suppliers efficiently.
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Turnkey environment for new benchmarks
Seamlessly launch and elevate performance with tools built for impact and growth.
The power to leverage data from hundreds of billions of dollars in realized transactions, leading third-party data sources and to compare procurement performance.
HOW procurement performance management works
Identify
Develop a list of procurement improvement opportunities and choose to pursue savings, reduce risk, or increase improvements.
Advanced Data Processing
Align priorities, adapt project sequencing, and involve key stakeholders from procurement, finance, risk, legal, and business.
LOOKING FOR MORE? You can forecast project financial and non-financial goals and agree on priorities.
Complete
SOURCINGSHARK’s Focal Point platform provides up-to-date financial and non-financial benefit forecasts, enabling stakeholders to make timely changes without disrupting the supply chain.
Track
SOURCINGSHARK’s procurement benchmarking stands out with data refreshed daily and weekly, giving users more accurate tracking and supporting more efficient operations.
Measure
Focal Point breaks down benefits by department, geography, or business unit, aligned with your reporting structure, and lets you send project surveys to track satisfaction and ROI.
Advanced Data Processing
Focal Point offers detailed and summary views of projects, goals, benefits and client satisfaction, simplifying updates for stakeholders, departments, and executives.
Ready to learn more?
Book a demo today and experience how SOURCINGSHARK can make your data work for you.