The True Costs of Vendor Management Revealed
Recently Workrise commissioned a survey of Oil & Gas leaders across the US to understand the true costs — both in terms of time and dollars spent — absorbed in managing supplier relationships. In this report, we:
- Uncover the number of employees and time spent dedicated to managing vendor relationships, from onboarding to payment
- Establish the hard costs of key inputs like compliance management and invoice processing
- Quantify true costs by company size, so you can be sure the results are relevant to you
Download the full report to understand the true costs incurred by your business, and to reveal a path to savings.
Eye-Opening Data. Tangible Solutions.
40 Key Stakeholders
From C-suite executives to regional managers, our respondents were chosen for their insights into their companies' vendor management practices. Notably, 87% are involved in purchasing decisions for vendor management software.
Micro-Cap to Majors
Respondents hailed from companies ranging across the spectrum, and results are broken out so that you can see how you stack up, whether you have one rig or thousands.
A 360 Degree View on Costs
The survey covers everything from direct costs to volume metrics, resource allocation, time spent by employees, and even opportunity costs to establish a true picture of what it costs to manage vendors.
Real, Tangible Solutions
If you're like most, the results will surprise you. But in addition to giving new insight into the costs of vendor management, this report also offers solutions to reduce costs by almost 30%.
