As manufacturers shift sourcing decisions to their supply chain partners, procurement teams need to adapt with new tools to better control costs, manage multiple supplier partners and reduce supply chain risks.

Fortunately, Arena's new procurement-focused paper "Enhance Part Pricing Visibility, Improve Supplier Relationships" describes how product lifecycle management (PLM) systems are transforming procurement processes to support how highly outsourced companies work today.

Inside you'll discover the powerful benefits of PLM-based procurement tools that factor in risk management and leverage the knowledge within your PLM system.