The Case for Spend Analysis

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The Case for Spend Analysis

  1. 1. How To Avoid Procurement Malpractice©ALL RIGHTS RESERVED - Confidential©ALL RIGHTS RESERVED - Confidential 1 1
  2. 2. Procurement in 2012 •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©ALL RIGHTS RESERVED - Confidential©ALL RIGHTS RESERVED - Confidential 2 2
  3. 3. Strategies for Procurement Success The spend analysis formula: Visibility + Analysis + Process = Success©ALL RIGHTS RESERVED - Confidential©ALL RIGHTS RESERVED - Confidential 3 3
  4. 4. 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?©ALL RIGHTS RESERVED - Confidential©ALL RIGHTS RESERVED - Confidential 4 4
  5. 5. 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?©ALL RIGHTS RESERVED - Confidential©ALL RIGHTS RESERVED - Confidential 5 5
  6. 6. 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©ALL RIGHTS RESERVED - Confidential©ALL RIGHTS RESERVED - Confidential 6 6
  7. 7. 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©ALL RIGHTS RESERVED - Confidential©ALL RIGHTS RESERVED - Confidential 7 7
  8. 8. Contact Us 217 N. Jefferson Suite 400 Chicago, IL 60661 Phone: 312-373-3100 For more information on BravoSolution’s spend analysis tool, visit BravoSolution.com.©ALL RIGHTS RESERVED - Confidential©ALL RIGHTS RESERVED - Confidential 8 8

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