Using Spend Analysis Data to Build Your Sourcing Roadmap Webinar
Spend analysis can help you get an accurate view of your organization’s spending, your suppliers, and opportunities for improving your sourcing and procurement activities. There are a number of solutions available to help you collect, cleanse and classify your spend data, but most fall short of actually helping you analyze your business and make more informed decisions about your spending.
Arming yourself with clean and accurate data on your suppliers, costs, risks and other important criteria is absolutely crucial as a first step in understanding where to focus your sourcing efforts, but additional analysis of your organization’s goals, market conditions, and spending patterns can help you develop a sourcing roadmap that generates the greatest results.
This webinar will provide examples of the impact of advanced spend analysis on the development of long term sourcing strategies for your organization. You will learn:
- Best practices for collecting and classifying your spend and supplier data for effective spend analysis
- How to use this analysis to build a long term sourcing strategy and sourcing roadmap
- Identifying your organizationâ€™s data that can be most helpful in making sourcing decisions
- How to most effectively execute on a sourcing roadmap that delivers the greatest benefits for your organization
Russell Goodman, Editor-in-Chief, SupplyChainBrain