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The Case for Spend Analysis
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The Case for Spend Analysis

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How and why companies must achieve enterprise-wide spend excellence using spend analysis.

How and why companies must achieve enterprise-wide spend excellence using spend analysis.

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  • 1. © BravoSolution - All rights Reserved CONFIDENTIAL The Case for Spend Analysis or How To Avoid Procurement Malpractice 10/27/2010
  • 2. © BravoSolution - All rights Reserved CONFIDENTIAL Procurement in 2010 »Economic forces are driving the need for deeper cost- cutting measures »Procurement officers must shore up suppliers and vendors so as not to cause disruptions to service levels or product delivery –at margins that support company growth! »To deliver anything less would be Procurement Malpractice »Now, more than ever, investing in Spend Analysis is key
  • 3. © BravoSolution - All rights Reserved CONFIDENTIAL Strategies for Procurement Success The spend analysis formula: Visibility + Analysis +Process = Success
  • 4. © BravoSolution - All rights Reserved CONFIDENTIAL Strategies for Procurement Success: Visibility »Spend analysis will give you the visibility you need »Do you know? »What am I really spending? »With whom am I spending it? »Am I getting what’s been promised to me?
  • 5. © BravoSolution - All rights Reserved CONFIDENTIAL Strategies for Procurement Success: Analysis »The next step in spend analysis is to analyze the information »Some helpful filters: » What is my aggregated spend with a single supplier? » How can I benchmark across pricing trends? » What are my best practices for managing category sourcing enterprise-wide? » What else do I need to know to drive the best terms?
  • 6. © BravoSolution - All rights Reserved CONFIDENTIAL Strategies for Procurement Success: Process »Vendor complexity and business volatility means increased pressure in choosing suppliers »Enterprise-wide spend analysis processes can drive value to the supplier relationship »Processes should span identifying needs, contract execution and managing service-level agreements (SLAs) »It’s all about creating a balance between cost and value
  • 7. © BravoSolution - All rights Reserved CONFIDENTIAL Avoid Procurement Malpractice »Spend analysis is the foundation upon which Best-in- Class procurement is built »Rigorous spend analysis drives value across your organization, your suppliers and your customers »Don’t commit procurement malpractice, begin your spend analysis today
  • 8. © BravoSolution - All rights Reserved CONFIDENTIAL Contact Us »33 N LaSalle St Chicago, IL 60602 Phone: +1 312-201-9600 Fax: +1 312-201-9700 »For more information on BravoSolution’s spend analysis tool, visit BravoSolution.com.

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