spend analysis

What does spend analysis has to do in procurement

Spend analysis is the term which is hardly understood. Since it plays a major part in the procurement of the organization, it has become a matter of concern. Spend analysis is the procedure to collect, cleanse, classify and analyze expenditure information with the aim to reduce procurement costs, improve efficiency and monitor compliance.  It can […]

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Procurement Analytics

What is Procurement Analytics? Why and how it is implemented?

What is Procurement Analytics? Procurement analytics is the process of using quantitative methods to derive actionable insights and outcomes from data. It involves the capture and use of data to support fact based decision making and gaining competitive advantage. It reports typically on what has happened in the past and creates estimate, using the predictive […]

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