Would You Be Prepared If… A major European or Asian port is shut down for weeks due to a strike, earthquake, explosion, hurricane or attack? A major tier two offshore supplier suddenly goes bankrupt or ceases operations altogether? The lead time – not to mention the costs –…
Browsing: Spend Analytics
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.
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.
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.