Spend Analytics

Challenges organizations have to face while implementing Spend Analytics

Spend analytics should be a crucial part of any procurement strategy but implementing spend analytics in the strategy is not easy. It calls for a great deal of effort to make spend analytics a part of the organization. The economic conditions are making companies more responsive to implement programs that lead to decreasing the costs. […]

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Spend Forecasting

Spend Forecasting is the most important tool for Procurement. Why?

Spending can have a forecast which prepares a data on how and when the spending will be done and why people would do that. It is a wise step for the procurement decision maker. Spend Forecasting is the most important tool for procurement. Why? The rules applicable in the context of direct spend are not […]

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