Leverage Knowledge

Useful and Reusable Knowledge

> Enables collaboration between the buying organization and its vendor/supplier to generate, capture, codify, store and retrieve all transaction, contract, fulfillment, and commodity/services knowledge such as:

• prices, fee structure, spend value, travel/entertainment costs
• total cost of ownership
• commodity/services classifications and specifications
• commodity/services market baskets
• sourcing strategies and best practices
• commodity/services quality
• supply market insights
• product characteristics
• commodity benchmarks
• technical specifications
• approaches, tools, methodologies, templates, analytics, diagnostics
• inventions
• work products
• lessons learned
• project final reports
• vendor/supplier performance reports
• savings/benefits history
• roster of experts and projec team members within the buyer’s organization

The buying organization can search, retrieve and edit this wealth of knowledge for organizational development and learning.