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Despite Growing Supply Chains, Top Companies Can Still Reduce Cost and Pay Quicker

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2012 Study

Although organizations must connect suppliers and customers around the globe, managing worldwide supply chains can cause cost increases and operational challenges, according to the Aberdeen Group's latest research sponsored by Syncada from Visa. The research, "2012 Best Practices for Closing the Loop on Multi-national Transportation Procure to Pay", identifies best-in-class behaviors that enable the top 20% of performers to reduce invoice cost, yet process and pay faster than competitors.

"Aberdeen recently surveyed 191 Chief Supply Chain Officers and found that more than 85% of companies have shipments crossing country borders. Transportation procure-to-pay solutions must support multilingual, multicurrency freight, as well as facilitate banking interactions across broad global geographies," shared Bob Heaney, Senior Research Analyst, Supply Chain Management, Aberdeen Group.

Read more: 2012 Study Reveals: Despite Growing Supply Chains, Top Companies Can Still Reduce Cost and Pay Quicker


Last modified on Tuesday, 17 April 2012 08:15

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