In Procurement, Purchase Price Variance (PPV) is the difference between the standard price of a purchased material and its actual price. In Short, Purchase Price Variance = (Actual price – Standard price) x Quantity purchased. What is Purchase Price Variance … Read More
Simfoni Blog
Blog
Spend Forecasting is the most important tool for Procurement. Why?
Spend Forecasting is the most important tool for Procurement. Why? Simfoni’s Spend forecasting software combines the analysis of historical data with progressive prediction processes and business intelligence from several sources. Easily predict future profitability and create a forward-looking view on … Read More
What is Category Management. How and Why is it Important?
Category Management is a strategic approach to procurement where businesses segment their spend into areas that contain similar or related products enabling focus opportunities for consolidation and efficiency. When we think of a company and its several departments, we must … Read More
Simfoni and WTP Buynamics Enter Into Joint Venture to Bring Market-Leading Should Cost Modelling to USA
Simfoni, a next generation digital solutions provider for procurement analytics and spend automation, and WTP Buynamics, an innovator in the field of should cost modelling and vendor rating solutions, today announced a joint venture partnership to bring “What’s the Price” … Read More
6 Ways to Support Supplier Diversity by Increasing Supplier Spend to Minority-owned, Diverse and Small Businesses.
Supplier Diversity refers to an organization’s efforts to include suppliers in its supply chain and sourcing process that are owned by a minority or disadvantaged group including, people of color, women, veterans, disabled and LGBTQQIA+. George Floyd died on Memorial … Read More
Simfoni Named a 2020 Spend Matters Provider to Watch
Spend Matters once again named Simfoni Analytics in its prestigious, 7th annual “50 Providers to Know/50 Providers to Watch,” list for an impressive fifth consecutive year. Spend Matters compiles the top 50 list from its Almanac containing 450+ vendor descriptions … Read More
Simfoni recognized as a leading vendor for the 5th year in succession
Spend Matters verified Simfoni Analytics as a Solution Map Leading Vendor for a remarkable third consecutive year. The Spend Matters Solution Map validation designates Simfoni Analytics as a trusted, leading vendor in procurement software applications and technologies for procurement professionals. … Read More
6 Strategies to Transition from a Peacetime CPO to Wartime CPO
Procurement strategies can help CPO’s make the right decisions to improve cost savings, decrease supplier risks, enhance innovation and flexibility, and heighten the influence of the procurement office throughout the company. These are times of War. Along the health front, … Read More
Simfoni launches Spend Analytics Business Unit, Appoints Jason Stern as CEO of the Analytics and Expands US Operations to Silicon Valley
San Francisco, CA – April 28th, 2020. Simfoni Limited, a global innovator in Spend Analytics and Spend Automation, announced the appointment of Jason Stern to Chief Executive Officer Simfoni Analytics, and the opening (soon) of an additional office and moving … Read More
Simfoni offers free mapping of your COVID-19 supply risks: Read its methodology for addressing coronavirus problems
In recent days Simfoni has developed a Covid-19 risk assessment dashboard to help its customers assess potential business impact arising from supply chain disruption. Given the acuteness of this situation we have decided to provide this dashboard on a complimentary … Read More
