While you may have spent a lot of time and effort diligently negotiating contracts with suppliers, it is likely that someone, somewhere in your organisation will have made a purchase outside of these. Often called maverick spend, it isn’t necessarily something that is done on purpose, or if it is, it could be done in the belief that they are saving the company money. What then can a CPO do to improve compliance?

For example, read how CEMEX uses the principle of guided contract collaboration and “smart shopping” in their Marketplace to leverage spend and achieve double digit first year savings.