Procurement Analytics

COVID-19 Supply Risks

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

Procurement Dashboard

How does Procurement Dashboard work

Tracking your business performance is the most essential aspect of progress. If you are unaware of whatever feedback your certain steps for business are bringing and you don’t have strong KPIs to track, your business is at its stake. Tracking … Read More

Mid-Market Procurement

Mid-Market Procurement — The Pitfalls of Current Approaches

Mid-market companies are at a significant disadvantage when compared to larger corporations — a key finding from Simfoni’s analysis of its customers’ procurement and savings delivery capabilities in mid-market companies. It’s OK to obsess about top-line growth, but what lies beneath … Read More

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 … Read More

spend analysis

What does spend analysis has to do in procurement

Spend analysis is the term which is hardly understood. Since it plays a major part in the procurement of the organization, it has become a matter of concern. Spend analysis is the procedure to collect, cleanse, classify and analyze expenditure … Read More

Analytics Webinar

Analytics Webinar

In this webinar, you will learn how Serco uses analytics around contracts, bid support, benchmarking, ethics and more to support business decisions — and the resulting business benefits. … Read More

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

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 … Read More

Simfoni’s ‘Virtuosi’ Analytics Recognized as a leader by Spend Matters

We are delighted that Spend Matters have recognized Virtuosi™ Analytics as a Leader in their latest assessment report on spend analytics. Spend Matters assesses solutions on two primary axes; an Analyst score derived from an in-depth technical review of the functionality, and a Customer score determined from feedback from actual users. … 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