Spend Analysis header

What is Spend Analysis?

separator

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 […]

Read More
Conducting a spend analysis checklist

How to Conduct a Spend Analysis in Seven Steps

separator

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 […]

Read More
Unilever - Spend Analysis

Unilever Gains Visibility & Control Over the Most Unpredictable Spend Category

separator

“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 [...]

Read More
digital data analytics graph

Conducting Effective Procurement Spend Analysis in the Current Environment

separator

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 […]

Read More
Walt Charles, CPO of Biogen, presenting at REV

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

separator

“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 [...]

Read More

Top Ten Key Performance Indicators for Successful Spend Analysis

separator

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 […]

Read More

7 Ways to Take Control of Your Costs Through Spend Analytics

separator

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 […]

Read More

Reduce Holiday Supply Chain Headaches with Spend Analytics

separator

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

Read More

Common Spend Analysis Questions Answered

separator

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, but it’s no simple matter. Here, Brett Cornell, VP of Value Consulting for JAGGAER, answers some of the most common […]

Read More

Spend Analytics in Education: Joint Q&A With E&I Consulting

separator

It’s true! Spend analysis can help you identify and realize hidden cost savings, optimize your supply base, and reduce risk. But how do you know your organization is ready and able to leverage this technology to its fullest? Brett Cornell, VP of Value Consulting for JAGGAER, and Vince Patriarco, Executive Director of E&I Consulting Group, […]

Read More