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Spend Analysis: Unlock Your Spend Data and Generate Business Value (Proactis)
Thursday, August 20, 2015, 10:00am - 10:45am
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Are you looking at Spend Analysis to evaluate your corporate spending and keep costs down, perhaps setting a goal to “reduce spend by x percent”?
Spend Analysis can help you get an accurate view of your corporate spend, your suppliers, and opportunities for improving your sourcing and procurement activities. Often however, obtaining insight from large volumes of unconnected data sources and integrating your spend data into a single repository of management information can represent a huge challenge.
This webinar will provide examples of the impact of Spend Analysis on managing corporate spending. In particular, how you can obtain insight over disparate pockets of spend data and identify opportunities you didn’t know existed. You will learn how to:
- Benefit from best practices for collecting and classifying your spend and supplier data
- Use this data to better track and identify maverick spending
- Identify and isolate factors that are impeding spending more effectively
- Enrich your spend data with information to better assess your organisations overall supply chain risk
- Quantify savings and demonstrate the value of your procurement team to your organisation