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What is Spend Analysis?

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Spend analysis is the process of identifying, gathering, cleansing, grouping, categorizing and analyzing your organizations spend data. This is done with the goal of decreasing procurement costs and improving efficiencies. Using real-time data and analytics will give you the insight you need you to save money and gain efficiency. Spend analysis is a branch of […]

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How to Conduct a Spend Analysis in Seven Steps

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JAGGAER understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. A spend analysis allows you to do just that. Here, we’ve outlined the seven steps necessary to conducting a proper spend analysis. Step One:Identify Identify all the sources available […]

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Unilever - Spend Analysis

Unilever Gains Visibility & Control Over the Most Unpredictable Spend Category

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“What’s really beneficial is that we get instant insight into actual versus planned across all of our contracts, is our spend with a particular carrier a lot more or a lot less?” - Srestha Dutta, Global Process & Technology Senior Manager Profile $0Bannual revenue in 2017 0+brands 0%business in emerging markets Every day, 2.5 billion [...]

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Improving Supplier Performance with Spend Analytics from JAGGAER

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A Global 1000 engineering and construction company servicing the oil and gas industry needed a solution to provide accurate reporting and analysis on key performance indicators. The main challenges they faced were the quality and disparity of the data. In addition, they would need to incorporate customer-specific KPI metrics and algorithms as part of their analysis. [...]

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Conducting Effective Procurement Spend Analysis in the Current Environment

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With the current global economic circumstances, it should come as no surprise that businesses across all industries are looking for real time solutions to aid their procurement process by identifying cost reduction and spend management opportunities as a priority. The pandemic has not only created a need for a shift in business process, but it […]

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Spend Data Analysis: It’s Not One-Size-Fits-All

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Over the past decade, procurement teams have increasingly recognized the importance of digital spend analysis. By identifying, categorizing, and analyzing spend data, purchasing departments are better informed. With that information, they can use fact-based knowledge to make strategic decisions for the business. This power has made spend data analysis a key element for many organizations. However, there continue to be challenges along the [...]

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Walt Charles, CPO of Biogen, presenting at REV

How Big Data Analytics is Revolutionizing Sourcing Processes for Walter Charles III

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“Big Data” is everywhere. The value of quality data has never been higher, and the power to process that data is more readily available than ever. To better understand the impact of big data analytics on procurement, we turned to industry veteran Walter Charles, CPO at Allergan, who sees big data as a major disruptor. To [...]

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Top Ten Key Performance Indicators for Successful Spend Analysis

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Key Performance Indicators (KPIs) are specific, measurable and actionable values that are identified as important in determining the success or failure of an activity. KPIs vary by activity, but they can also vary for the same activity, depending on what is important at the time. With spend analysis, KPIs may focus on contract adherence one […]

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7 Ways to Take Control of Your Costs Through Spend Analytics

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Key spend analytics insights afford higher education procurement teams more strategic decision-making, higher visibility into suppliers, and consolidation of resources for a competitive advantage. In a time when education costs have skyrocketed to astronomical proportions, CPOs have a unique opportunity to contribute strategically to optimizing and streamlining operational costs for their universities and colleges. And […]

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Reduce Holiday Supply Chain Headaches with Spend Analytics

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‘Tis the season when supply chains are under pressure to meet customer demands and to keep internal business procedures running smoothly.

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