If a company doesn’t know what it already has, it’s easy to buy the same thing again — and again, and again.
Overspending is a common phenomenon for big companies.
Unless everyone with buying power is perfectly in line, companies might buy too much, or buy two versions of the same thing — from desks to coffee to software.
But strategic procurement can be fiendishly complex, especially when essential information is trapped in silos across a business, on spreadsheets and in paper records.