Procurement in 2024: Five Key Strategies for Maximizing Savings

Enhancing Your Procurement Playbook: Insights from ‘Rethinking Procurement: Capturing & Realizing Savings in 2024 Tweet Read the press release One thing is for certain in 2024: The procurement landscape continues to transform at an unprecedented pace. To help professionals navigate...

January 10, 2024

Procurement Analytics

Procurement With a Purpose – Leverage your spend to advance your organization’s CSR goals and ESG metrics

The world events of the past few years have led to a titanic shift in perception about the strategic value of procurement and its role in driving a sustainable business. Investors, Boards and executives have shifted their priorities toward including...

April 12, 2022

Procurement Analytics

What is Sustainable Procurement and Why it is Important for Businesses?

Environmental, Social, and Governance (ESG) responsibility has rapidly scaled the list of corporate priorities in recent years, and for good reason. Sustainable and socially conscious procurement practices are beneficial for the environment and society, but also directly benefit the business...

February 8, 2021

News and Events Procurement Analytics Spend Analysis

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...

March 30, 2020

Procurement Analytics Procurement Dashboard Spend Analysis

How does the Simfoni Procurement Dashboard work

How do procurement dashboards help companies in any industry track KPIs, perform spend analysis, identify savings opportunities and implement cost reduction strategies to improve their business? Improve Compliance Rate The compliance rate is how completely companies fulfill their contractual agreements...

October 13, 2019

Procurement Analytics Procurement Technology

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...

July 1, 2019

Procurement Analytics Spend Analysis

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...

February 6, 2019

News and Events Procurement Analytics Spend Analytics Webinars

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.

November 25, 2018

News and Events Procurement Analytics Spend Analysis Webinars

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...

November 25, 2018

Procurement Analytics

How data analytics are changing the consulting industry

As the digital revolution takes root in the consulting industry itself, tremendous opportunities to enhance the client experience are opening up, and advising clients on leveraging analytics is now an entrenched part of modern consulting. However, consultants must learn new...

September 9, 2018

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