Procurement Analytics is Critical to Value Creation
CPP Procurement Analytics is critical to value creation. It unlocks the value that lies within the ever increasing volumes of supplier data for a rapid ROI.
Intuitive and easy to use, it empowers those in procurement organization-wide, to collaborate, share and work together to fully leverage spend data to execute strategic and compliance related initiatives.
Start delivering benefits from your spend date; including:
- Enriched spend data with supply market information
- Unprecedented visibility into suppliers
- Accurate, consistent visibility into spending
- Easy identification of savings opportunities and accelerated decision making
- Improved data quality to minimize maverick spending
Spend analytics gives you the opportunity to truly SEE what you are spending.
Companies competing on supply chains means competing on data
The question for every CPO is ‘do you have the data to optimize yours’?
Procurement Analytics enables organizations to improve margins considerably by providing visibility into spending areas. In turn, the ability to release substantial working capital from operations by optimizing inventory levels and reducing working capital requirements makes the investment in Procurement Analytics a ‘no brainer’. Add to this the ability to increase compliance with contractual obligations and you obtain a rapid and attractive return on investment.