Spend Analysis

Enterprise-wide visibility and spend analysis are critical to achieving long term sourcing savings. Unfortunately, many sourcing executives are constrained by data across too many disparate systems to recognise this untapped potential.

Companies must be able to effectively analyse and track spend to drive bottom line improvement.

Internally, a tremendous amount of time is spent preparing the data to perform the analysis, which reduces resources dedicated to actually sourcing goods and services.

Scanmarket's Spend Analysis Module can help gather all data extracted from various company systems into an application, and be able to identify and aggregate at item and category level, which transactions should be mapped with matching items or categories.

The module provides access for you to a reporting application able to slice and dice spend and thereby assist buyers with their strategic procurement decisions.

Scanmarket Spend Analysis Key Features

Reliable technology: IBM Cognos based
Spend data extraction
Data profiling and validation
Data cleansing and enrichment
Supplier and item harmonization
Auto classification of SKU commodities to custom or industry standards using AI aboratories & IBM Cognos technology
Fully customisable, multidimensional, browser based analytic environment
Step by step analytics to help users prioritise and select commodities for sourcing
Ability to search/sort/aggregate items by keywords
Possibility to estimate savings opportunities

Your benefits

Optimize supply base
Attain leverage for the category you buy
Aggregate demand across OpCo's/Countries
Opportunity to negotiate lower cost contracts (particularly useful for indirect spend analysis and collaborative negotiations preparation)
Monitor compliance
Monitor performance
Modular approach (per department, location, category, supplier)
Possibility to handle dissimilar databases, different languages
Transversal spend visibility throughout all OpCo's
Significant savings
Very competitive market price (low entry level - remains competitive as the data/locations grow)

Scanmarket Spend AnalysisScanSpend ModuleBenefits by ScanSpendSpend Analysis advantages

ScanSpend allows you to effectively analyse and track spend to drive bottom line improvement.Helps users prioritise and select commodities for sourcing.Competitive market prices and significant saving.ScanSpend helps control supply costs, improve performance, and manage risks.

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