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Spend and risk

Blog / 20/05/2021

  • Do you know what you are spending your supplier budget on?

  • Do you have sight of your third party risk profile?

  • Are you unlocking the full value of your supplier spend?

Many organisations have some of the answers to these questions but they haven’t got their full portfolio covered.

It is natural for businesses to focus on their largest suppliers but that isn’t necessarily where the biggest risk or value lies, meaning companies are leaving themselves exposed or missing opportunities.

In some cases, the large relationships are well established and although they may be well-managed, the approach can become repetitive and predictable for both sides, rather than being a challenging partnership which is there to drive real shared value.

For some organisations, the pressures of new supplier engagements takes priority meaning there just isn’t the time or capacity to look beyond the obvious areas of concern or delivery.

This is where Aster can help.  Give us your data and we’ll do the heavy lifting, bringing an objective lens to your entire supplier estate and giving you clear recommendations of where the risks are sitting and the opportunities are going unnoticed.

We can help you develop a strategy and a plan of attack to drive the delivery in the timeframe that works for you.  And we would love to provide the resource to ensure the benefits are realised or backfill the team on the project side while you get this done.

Set us the challenge, and we’ll work with you to ensure you get your spend and risk under control. Get in touch today.

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