the need for visibility in spend analysis
DESCRIPTION
Visibility into enterprise spend is only as useful as the analysis applied to it. To derive full value from spend visibility, procurement officers must deploy a mix of analytical capabilities.TRANSCRIPT
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11/15/2010
Best Practices In Sourcing: Use Spend Analysis to Gain the Visibility that
Drives Higher Performance
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The Formula for Sourcing Success
Visibility + Spend Analysis + Process
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Visibility: Key to Best-in-Class Spend Management
»Today’s economic conditions require nothing less than best-in-class spend management »Visibility into enterprise-wide spend is critical for
procurement departments»Spend analysis delivers the visibility needed to:
»Drive strategic planning»Refine operational focus» Improve business results
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Spend Analysis Answers the Key Qs:
»How much am I spending?»Who am I spending it with?»In which categories do I spend the most?»Where are my opportunities for saving more
money?»Can I achieve better terms of service?
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With Spend Analysis You Get
»Increased savings»Lower compliance risk »More spend under management »Better decisions made with great knowledge and
context
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Contact Us
»33 N LaSalle StChicago, IL 60602Phone: +1 312-201-9600Fax: +1 312-201-9700
»For more information on BravoSolution’s spend analysis tool, visit BravoSolution.com.