FactWise

To get the best deals from suppliers, the organization should use both dynamic and historic insights to inform the process. To ensure these insights are as accurate as possible, key performance metrics should be taken into consideration. Additionally, it is important to discover new suppliers who offer competitive pricing, as well as are certified to meet the quality requirements of the organization. This plan also calls to increase volume to preferred suppliers by 80%, as well as limit maverick spend and maintain organization-wide transparency. Implementing these steps will help to ensure the organization is able to negotiate the best possible deals with suppliers.