-- 83% higher realized savings on contract spend -- 2.8 times higher rates of compliance on contract spend -- 15% to 20% lower cycle times for contract creation and approvals"Procurement, purchasing or buy-side contracts are no longer just paper documents filed away that list pricing and maybe some delivery terms," said William Browning III, research analyst, Aberdeen. "They are actively utilized records that companies must manage throughout their procurement programs to ensure that the savings they've negotiated have been captured, that supply risks are managed better and that there is true visibility into their buying relationships. Every dollar is important, especially in this down economy where credit markets remain tight and capital is key, and contracts are another tool that can be used to deliver real value and returns to the organization." A complimentary copy of this report is made available due in part by the following underwriters: Axxerion and Zycus. To obtain a complimentary copy of the report, visit: http://www.aberdeen.com//summary/report/benchmark/5848-RA-procurement-contracts-value.asp. For additional access to complimentary Global Supply Management Research, please visit http://research.aberdeen.com/index.php/-global-supply-management. About Aberdeen Group, a Harte-Hanks Company Aberdeen provides fact-based research and market intelligence that delivers demonstrable results. Having queried more than 30,000 companies in the past two years, Aberdeen is positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions. As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748.
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Contact Information: Media Contact: William Browning III Aberdeen Harte-Hanks (617) 854-5229 William.browning@aberdeen.com