Two weeks ago we talked about some of the techniques that can help launch a successful Spend Analysis (SA) project. This week we’ll focus on answering some of the tougher questions we get asked.
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So the 20th century went by with mass everything: mass marketing, mass consumerism, mass production. As long as we could do it faster, cheaper, and produce more we felt like we were making progress, things were moving forward. But now the 21st century has dawned. And what a change that has brought.
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Last week we introduced some next practice thinking around Spend Analysis. This week we will talk about some of the techniques that can help launch a successful Spend Analysis project.
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By now you have probably heard about the security fiasco and the name G4S. It’s quite an irony that London’s risk management process was itself full of risk. From what can be gathered so far, G4S was contacted to supply about 2,000 security personnel and then in December it dawned on the organizing committee that they really needed 10,000 personnel.
By now you have probably heard about the security fiasco and the name G4S. It’s quite an irony that London’s risk management process was itself full of risk. From what can be gathered so far, G4S was contacted to supply about 2,000 security personnel and then in December it dawned on the organizing committee that they really needed 10,000 personnel.
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One of the key differentiators between Strategic Sourcing and Tactical Purchasing is the decision to invest up-front in spend analytics and opportunity profiling. This crucial planning step provides a holistic snapshot of where money was spent and the results associated with that expenditure. Done properly Spend Analysis (SA) focuses the organization and prioritizes scarce resources towards opportunities that best meet the future needs of the business.
One of the key differentiators between Strategic Sourcing and Tactical Purchasing is the decision to invest up-front in spend analytics and opportunity profiling. This crucial planning step provides a holistic snapshot of where money was spent and the results associated with that expenditure. Done properly Spend Analysis (SA) focuses the organization and prioritizes scarce resources towards opportunities that best meet the future needs of the business.
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