Savings Management

Spend Data

How Serco Has Used Spend Data to Generate Business Value

Spend data is a gold mine of valuable information for improving the procurement process as well as driving enterprise-wide decision-making. FTSE 100 services provider Serco learned this first hand when it engaged Simfoni, a provider of spend analytics tools, to change the way it gathered, presented and analyzed its data. … Read More

Spend Analytics

Spend analytics’ in action and its benefits.

Spend analytics are basically focused on the improvements that are required to be made in the operational sector. Analytics is mainly the systematic data or the information that is received from that data. The hidden working that causes the big results to happen, need insights and re-examination. It is just because of the spend analytics that are created skillfully, the company is able to check the things that do more harm than good. Whether it is the understanding of the data or controlling the costs to increase the level of profits, it is all known with the help of spend analytics. … Read More

Savings Management

Savings management in a firm. How a savings software helps in it?

Savings management in terms of finances is termed as the forecasting or estimation of the savings on the basis of plans carried out under every activity. Every firm keeps aside a definite amount of transaction or returns which are called savings. Saving management in a firm is the result of combined efforts from both the suppliers and customers. … Read More

Savings Management

Supply Chain Visibility starts here! – Savings Management

When we talk about Supply Chain visibility, you may be thinking about some complex data analysis tools, methods, visualization or even insights. No, in this article, we are talking about something even more fundamental, the classification of products or services which sets the foundation for supply chain visibility. … Read More

Data Analytics

Event – Best Practice in Analytics Roadshow – Sponsored by Simfoni

The event will include in-depth case study and sharing of best practice. It is for senior management executives to better understand what their data means and how to use it in their decision making. … Read More

Procurement

When is Reality of Global Procurement Illusion?

The scientific community that is working on answering the question of “what is our reality — the universe — made of?” is increasingly coming to the conclusion that the underlying matter of particles, that make up our reality appear to … Read More

Data Analysis

Use Data Analysis and Insights to Drive Action – Not Justify Poor Decisions

In the same way that many people approach science with preconceived ideas and then look for “facts” to support their hypotheses, some people in business (and businesses as a whole) use data to try to support decisions they have already … Read More

Procurement Technology

Evolving use of Technology and Analytics in Procurement and Supply Chain.

It was a great opportunity for us to bring together a collection of interesting speakers to impart their knowledge and experience of Procurement Technology in the Middle East. On an uncharacteristically rainy February evening in Dubai, we ran the second … Read More

Actionable Insight

Turning Data into Real, Actionable Insight

Analytics & Tail Spend Management can provide Actionable Insight Today, many businesses rely on their data to merely support their decisions instead of using this information to drive their actions. Why does this happen? When it comes down to it, … Read More

Spend Analysis

Spend Analysis in 3 Easy Lessons

Spend analysis is an important sub-discipline of overall spend management and is primarily concerned with collecting, cleansing, classifying and analyzing procurement expenditure in order to find opportunities to improve purchasing efficiency and reduce an organization’s overall spend. … Read More