EC Sourcing Group Blog The Crucial Role of Spend Classification in eSourcing & Procurement

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Accurate classification of products, services, and suppliers forms the foundation for improved decision-making, cost optimization, and enhanced supply chain management. In this blog post, we'll explore the significance of spend classification in eSourcing and its vital connection to eSourcing technology platforms. [...]