According to this recent Hackett Group study, more than 40 percent of all spend under procurement’s control falls into the category of tactical sourcing, or spot buying. While most companies take two to three weeks to source this tactical spend, world-class companies typically reduce the total cycle time to just a few days or even hours.

This report explains how these leading organizations are using technology for supplier discovery and online bidding. Of all the capabilities studied by the Hackett Group, online supplier networks ranked highest in driving positive tactical sourcing results.

Wondering how you can capture the benefits of tactical sourcing on a supplier network? That answer and many more are included in this white paper.