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KNOWLEDGE MANAGEMENT TAGS
"Spend Management"
Spend Analysis: Using the Power of Data and Analytics to Create Sustainable Value
Without question, procurement and sourcing organizations will admit, when asked, that they rely on some type of data analysis to drive the majority of their efforts and initiatives. But if you dig below the surface of the types of analysis that most companies are doing to prioritize their activities, it turns out that only a minority of organizations are engaging in what we might term sustainable analysis – programs that will continue to deliver savings and returns years after they are initially implemented. The reason for this is relatively simple – few organizations have complete and ready access into their complete spending and supplier data on a regular basis...
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