How To Do Spend Analysis

How To Do Spend Analysis? – The Ultimate Guide

How to do Spend Analysis Guide by Simfoni will help you reduce expenses and provide savings delivery in the long term by helping you identify all the sources available for your spend data by category and department. The Guide also provides a detailed breakdown of gathering and consolidating all of your spend data into one […]

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Predictive Analytics in Procurement

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

What is Predictive Analytics in Procurement? Predictive Analytics in Procurement refers to the use of available spend, catalog, supplier and materials data in order to perform analysis that determines patterns and predicts future outcomes and trends. Predictive analysis is comparatively a new term which has been introduced in procurement. But it is being considered as […]

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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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