How Should You Implement Spend Analysis? Mark Twain Has the Answer.
There’s a lot of talk about the value of spend analysis (including important thoughts from Spend Matters’ own Jason Busch) and you may even believe it could benefit your organization. But your data may...
View ArticleHow to Be the “Best in Your Business” Through Spend Analysis and Strategic...
“You don’t know what you don’t know.” It’s an old adage, yet so many of us in procurement and sourcing don’t stop to ask the question and investigate – where are we spending our money?As Ardent...
View ArticleHow to Be the “Best in Your Business” through Spend Analysis and Strategic...
From computers and software to basic office supplies or widgets, organizations have a wide array of goods and services they need to purchase to support their business. While procurement professionals...
View Article4 Lessons in Spend Analysis from Moby Dick
What drives change? Herman Melville captured it best in his opening dialogue of Moby Dick: “Call me Ishmael. Some years ago - never mind how long precisely - having little or no money in my purse, and...
View ArticleSpend Analysis Reveals Shocking Discovery for One Company!
As the report by Ardent Partners states: “There are four pillars that should serve as the foundation for any strategic sourcing program. These are the primary sub-process areas that drive all sourcing...
View ArticleBoost Your Automated Spend Analysis Strategy with These 7 Quotes
Whether it is conducting a simple spend analysis, developing savings strategies or building your sourcing roadmap, automated spend analysis will provide information crucial to the success of your...
View ArticleHow do You Optimize Addressable Spend?
Pop quiz, Hot Shot: Your organization’s total spend is $1 billion. Your procurement department oversees $800 million of your total spend. Of that, $720 million is under contract. You have negotiated...
View ArticleWhat is Spend Analysis?
Spend analysis is the process of identifying, gathering, cleansing, grouping, categorizing and analyzing your organizations spend data with a goal of decreasing procurement costs and improving...
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Business Intelligence: The Hidden Power of Your Data
With the onset of the modern procurement platform, organizations have started to see the efficiency gains by moving to platforms that are more automated to handle their day-to-day activities. As a...
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Maverick Spend is Sneaky. Be Sneakier.
Maverick spend is usually defined as requestors buying items or services that are outside the defined procurement process, from non-preferred suppliers and/or off contract. Maverick spend may not seem...
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