ProcurePort

JULY 30, 2019

Though every procurement team’s priority is managing spend, not every business unit has the advantage of data-rich and transparent spend analysis software to make it easy. To put it simply, spend analysis is your […]. How exactly does technology help?

Procurement solutions 100

Procurement solutions Procurement Data Management 100

ProcurePort

OCTOBER 1, 2019

Spend analysis is the process of creating an unchallenged and transparent truth of the entire company spending. The post 3 Ways How Spend Analysis Can Improve Your EBITDA appeared first on ProcurePort Blog. Transparency is crucial to organizations that strive for overall improvements.

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Empowering CPO

JUNE 20, 2023

Today, we’re unraveling the complexity of a crucial process that businesses worldwide rely on for smarter decision-making – spend analysis. Spend analysis, an often overlooked yet critical component of procurement, is all about extracting those stories from stacks of invoices, purchase orders, and contracts.

Real-time Visibility 52

Real-time Visibility Data Supply Chain Efficiency Purchase orders 52

Empowering CPO

JUNE 22, 2023

Two critical aspects that play a pivotal role in this regard are Spend Analysis and Sustainable Procurement. Spend Analysis, in essence, is a method for scrutinizing and managing corporate expenses. Understanding Spend Analysis Spend Analysis is an integral part of strategic sourcing and procurement.

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Sustainability Procurement Supplier consolidation Supply Chain Efficiency 52

Empowering CPO

JUNE 16, 2023

One of the essential tools to gaining this understanding is a process known as spend analysis. Brief Overview of Spend Analysis Spend analysis is a process that involves collecting, cleansing, classifying, and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. The answer lies in the powerful tool of spend analysis. It’s a critical process that can offer an abundance of insights about your company’s spending patterns.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 21, 2023

Introduction Spend analysis, at its most basic, is a process that involves the collection, cleansing, classification, and analysis of expenditure data, with the goal of reducing procurement costs, improving efficiency, and monitoring compliance.

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Purchase orders Data Purchasing Suppliers 52

Planergy

MARCH 2, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to gain visibility and control of your indirect spend. How to gain visibility and control of your indirect spend.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52

Empowering CPO

JUNE 27, 2023

One area where digital transformation has had a profound impact is in procurement, and specifically, in the realm of spend analysis. Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes.

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Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Empowering CPO

JUNE 27, 2023

Introduction Overview of Spend Analysis and Its Significance in Procurement In today’s competitive business landscape, effective procurement strategies play a vital role in the success of organizations. One crucial aspect of procurement is gaining insights into spending patterns and optimizing expenditures.

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Real-time Visibility Supply Chain Optimization Data Suppliers 40

Empowering CPO

JUNE 20, 2023

Introduction In the dynamic world of procurement and supply chain management, understanding your organization’s spending habits isn’t just an administrative duty—it’s a strategic necessity. This is where spend analysis comes into play. What is Spend Analysis Reporting? Welcome to EmpoweringCPO.

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Empowering CPO

JUNE 26, 2023

As a leading procurement services company specializing in spend analysis, EmpoweringCPO understands the vital role that insightful data plays in driving informed decision-making and optimizing procurement processes. At EmpoweringCPO, we believe that knowledge is power.

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Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

ProcurePort

AUGUST 21, 2023

Greater Cost Savings Optimized Spend Analysis: One of the primary advantages of leveraging procurement technology is the potential for cost savings. Advanced systems analyze spending, ensuring every dollar is accounted for and purchases follow company policies and contracts.

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Procurement Contract Purchasing Suppliers 130

Jaggaer

DECEMBER 28, 2020

The post Top Ten Key Performance Indicators for Successful Spend Analysis appeared first on JAGGAER.

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Market Dojo

DECEMBER 14, 2017

Eddie McGeachie offered to write a guest blog for Market Dojo. They are data analytics specialists providing spend analysis on big data. Big Data Analysis – Past, Present and Future. Big Data Analysis – Past, Present and Future. Spend Analysis – The Present.

Data 40

Data supply chain software solutions Supply Chain Analytics Price 40

Procurement Tactics

JUNE 22, 2023

It includes supplier management, contract management , and spend analysis. It includes supplier management, contract management, and spend analysis. It includes supplier management, contract management, and spend analysis. It includes supplier management, contract management, and spend analysis.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

ivalua

FEBRUARY 10, 2023

S2P and Mitigating Effects of Inflation One way of mitigating these effects is through S2P solutions – providing visibility into a company’s spend data across all categories of spend and help identify opportunities for cost savings through better supplier management techniques.

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Price Strategy Sourcing Real-time Visibility 264

Jaggaer

SEPTEMBER 22, 2020

The post What is Spend Analysis? appeared first on Jaggaer.

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ProcurePort

MARCH 9, 2022

Examples of procurement data collected during analytics include; historic spend reports, advanced analytics, and future decisions. Procurement analysis typically involves collecting data from different source systems, classifying […].

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Procurement Data Sourcing 130

World of Procurement blog

APRIL 23, 2024

This blog explores the types of technologies revolutionizing procurement, their benefits, and the return on investment (ROI) they deliver. Spend Analysis Tools These tools collect and analyze procurement data, offering insights into spending patterns, supplier performance, and potential cost savings.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

This blog explores the types of technologies revolutionizing procurement, their benefits, and the return on investment (ROI) they deliver. Spend Analysis Tools These tools collect and analyze procurement data, offering insights into spending patterns, supplier performance, and potential cost savings.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Lost in Public Space: Exploring the Unknown with the Norwegian Public Sector Segment May 9, 2023 | | Public Sector /by he I have spent most of my career in the private sector and started to get in contact with the space in recent years. Where to Start?

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Procurement Strategy Strategic sourcing Strategic sourcing 246

Arkestro

APRIL 23, 2024

Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Enhancing supplier performance.

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Procurement Procurement team Quality Demand Planning 52

ProcurePort

MAY 6, 2024

Integration serves as the cornerstone of effective spend management solutions, facilitating seamless connectivity across disparate systems and data sources. By enabling enhanced visibility and automation, integration empowers organizations to optimize spending, strengthen compliance, and drive strategic decision-making.

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Spend management Management Sourcing Data 130

Empowering CPO

JUNE 27, 2023

Introduction Unleashing the Power of Spend Analysis for Procurement Success In the world of procurement, data is the key to unlocking strategic decision-making and maximizing cost savings. Spend analysis, the process of comprehensively evaluating an organization’s expenditures, plays a pivotal role in driving procurement success.

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Procurement Supply Chain Optimization Real-time Visibility Procurement strategies 52

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

MARCH 27, 2024

One of the more common Scope 3 calculation methodologies that organizations use is the spend-based method, which can be time-consuming and resource intensive to implement. Within USEEIO, goods and services are categorized into 66 spend categories, referred to as commodity classes, based on their common environmental characteristics.

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Supply Chain Efficiency supply chain software solutions Purchase orders Data 80

IBM Supply Chain Blog

OCTOBER 26, 2023

That much investment has necessitated the FinOps movement , a cloud financial management discipline designed to bring financial accountability to the variable, consumption-based spend model of cloud. How the products work Cloudability provides organizations with data, insights and recommendations to help better understand their cloud spend.

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Cost optimization Collaboration Data Innovation 72

Planergy

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

IBM Supply Chain Blog

APRIL 15, 2024

For example, as manufacturers, we create a knowledge base, but no one can find anything without spending hours searching and browsing through the contents. If the machine or equipment fails, the maintenance engineers can use gen AI to quickly diagnose problems based on the maintenance manual and an analysis of the process parameters.

Real-time Visibility 101

Real-time Visibility Supply Chain Efficiency Agile and Lean Supply Chain Data 101

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

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Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

World of Procurement blog

APRIL 23, 2024

Procurement analytics takes advantage of this data, providing insights into various aspects of the procurement function such as spend analysis, supplier performance, contract compliance, and forecasting. Market Analysis: Keep track of market conditions that could affect prices, availability, and lead times for goods and services.

Procurement 52

Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Procurement analytics takes advantage of this data, providing insights into various aspects of the procurement function such as spend analysis, supplier performance, contract compliance, and forecasting. Market Analysis: Keep track of market conditions that could affect prices, availability, and lead times for goods and services.

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Procurement Supply Chain Optimization supply chain budgeting supply chain software solutions 52

World of Procurement blog

MAY 10, 2024

Analyzing spend data : AI tools can quickly categorize expenses, identify spending patterns and trends, pinpoint areas of overspending, and generate actionable insights from vast amounts of procurement data. Machine learning algorithms are also able to process historical spend data to identify trends and patterns.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Supply Chain Trend

MARCH 13, 2022

In this series of short blogs, I will discuss the transition of traditional IBP towards a more intelligent IBP. You can read the first blog here. In this blog : Unshackle the Planners. Then they have to spend all that time in IBP meetings, that easily can take four to eight hours. Intelligent automation will change this.

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Quality Supply chain Import Collaboration 78

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

World of Procurement blog

APRIL 23, 2024

Its functionalities range from supplier management, purchase order management, invoice management, spending analysis, to electronic tendering, and contract management. Spend Analysis Tools: Provide insights into spending patterns, helping businesses identify savings opportunities and improve procurement strategies.

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supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement 52