Spend Analysis: Taking control of your supplier spend
Tune into our webinar to learn more about the building blocks of effective spend analysis
- Connecting Finance and Procurement to form a spend management hub
- Categorising and segmenting your suppliers and cost categories
- Benchmarking spend to make informed internal and external comparisons
Using volumetric drivers and run-rates to easily forecast Supplier globalization and events impacting supply chains, such as tariffs and COVID are placing increased pressures on Finance and Procurement to better understand supplier spend. Organizations must take full view of their supplier spend, both past, present and future to sustain operations in times of crisis and ensure profitability.
Increased visibility into supplier expenditures across business lines and geographies, to identify opportunities for savings, is essential.