News and Events Procurement Technology Spend Analysis

Why has Simfoni been nominated for a Best Procurement Technology Award?

The finalists for the World Procurement Awards 2018 were released this week and we are pleased to announce that Simfoni – the spend analytics and tail spend management specialist – has been nominated in the category “Best New Procurement Technology”.

March 20, 2018

Spend Analysis Tail Spend

Tail Spend is too good to be true – and that’s a problem!

Simfoni manages tail spend for clients all over the world and across many different industries. But regardless of geography or sector, I have gained 2 important insights that are vastly out of sync with the common theory about tail spend;...

March 4, 2018

Savings Management Spend Analysis

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...

December 7, 2017

News and Events Spend Analysis Tail Spend

Simfoni Tail Spend team delivers OS&E packages for the Louvre Abu Dhabi Museum

Simfoni Tail Spend managemnt team of professionals were given responsibility to source a wide range of Operational Supplies and Equipment (OS&E) and Furniture Fittings and Equipment (FF&E) for the new Louvre museum in Abu Dhabi, which opens its doors to...

November 9, 2017

Spend Analysis Tail Spend Management

What is the Difference Between Spot Buying and Tactical Buying Within Tail Spend Management?

Continuing on in this series about how organizations can better manage tail spend, we are now turning our attention to spot buying and tactical buying. Is there a difference between these two terms, or are they one and the same...

October 10, 2017

Spend Analysis Tail Spend

How Important is Catalog Procurement in the Management of Tail Spend?

So far in this series, we have discussed the importance of tail spend and the implications of managing it badly, and what well-managed tail spend looks like. This time around, we will consider whether procurement catalogs have an important role to play...

September 25, 2017

Spend Analysis Tail Spend

What Does Well-Managed Tail Spend Look Like?

In our previous post, we discussed why tail spend is important, as well as the negative impact poorly managed tail spend can have on an organisation. Obviously, a well-controlled procurement “tail” is important and will have a beneficial effect on...

August 18, 2017

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.

February 1, 2017

Spend Analysis Spend Analytics

Top 3 Reasons Why Procurement Can Immediately Benefit From Reviewing Its Approach To Spend Analytics Right Now

We are increasingly living and doing business in a data-driven environment. This trend has affected the procurement sector as much as, or in some cases even more so, than any other business activity, and has brought with it tremendous opportunities...

September 20, 2016

Procurement Technology Spend Analysis

Enterprise Mobile Apps Will Play an Important Role in Business Development Over the Next Few Years

Enterprise Mobile Apps Will Play an Important Role in Procurement Spend Analytics We are now living in a world where technology, especially mobile technology, has fundamentally changed the way people live, entertain themselves, work, and conduct businesses. It seems as...

July 7, 2016

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