SIMFONI BLOG
Simfoni teams up with Gulftainer for companies overall Digital Procurement Transformation
April 26, 2021Gulftainer announced on Thursday 15th April 2021 that it had selected Simfoni for the execution of a Digital Procurement Transformation of its business. The leading port operator has port operations and associated logistics activities across the UAE, KSA, Iraq, and...
Webinar – Raw Material Prices Exploding
March 11, 2021On March 18th, the engine that powers Simfoni’s Negotiation Insights tool, What’s the Price, will be hosting a free webinar discussing how to defend against price increases from suppliers as economies continue to get back up to speed and materials...
Product Cost Management Expert Eric Hiller Appointed Managing Director of What’s the Price USA
January 24, 2021Simfoni Limited, a global innovator in Spend Analytics and Spend Automation, announces the appointment of Eric Hiller as Managing Director of its What’s the Price (WTP) USA division, following its partnership with Buynamics, the leading negotiation insight software vendor. As part of...
Simfoni and Supplier.io enter into strategic partnership for Vendor Diversity Analytics.
December 13, 2020Simfoni, a next generation digital solutions provider for procurement analytics and spend automation, and supplier.io, a pioneer in the field of supplier diversity tracking, today announced a strategic partnership to bring Supplier Diversity Analysis in Simfoni to the US market....
What is Purchase Price Variance? Why and How is it Calculated (PPV)?
December 2, 2020In 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...
Spend Forecasting is the most important tool for Procurement. Why?
November 4, 2020Spend 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...
What is Category Management. How and Why is it Important?
October 21, 2020Category 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...
Simfoni and WTP Buynamics Enter Into Joint Venture to Bring Market-Leading Should Cost Modelling to USA
October 18, 2020Simfoni, 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”...
Simfoni Named a 2020 Spend Matters Provider to Watch
June 17, 2020Spend 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...
Simfoni recognized as a leading vendor for the 5th year in succession
June 17, 2020Spend 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....
6 Strategies to Transition from a Peacetime CPO to Wartime CPO
May 5, 2020Procurement 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,...
Simfoni launches Spend Analytics Business Unit, Appoints Jason Stern as CEO of the Analytics and Expands US Operations to Silicon Valley
April 28, 2020San 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...
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We’ve been at this for a long time. And we recognize procurement is more than just finding an item at the cheapest price. We all need to see spend differently. Responsible sourcing and sustainable procurement are not a sidebar, they are at the core of the job. And to do this job well it takes technology + humans. Simfoni is here to bring opportunity, balance, impact and control to your procurement team and process. We are here to help you see spend differently.
