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Spend Analysis: Transforming Data Into Value

By: Zycus

In today's highly-competitive markets, more and more procurement and sourcing professionals are looking to streamline processes and drive superior performance. In the quest for higher savings, more spend under management and increased compliance, sourcing executives must turn to their own repository of spend data to effectively identify opportunities for savings and gain a deeper understanding of their corporate spend. As dire economic conditions place an unwanted negative backdrop to routine business, spend analysis has risen as a valuable process to the entire enterprise. In fact, 81% of enterprises in our Spend Analysis survey base cite spend analysis as a high-value function in today's economy.

Tags : zycus, spend analysis, spend data, sourcing companies, sourcing services, sourcing, reverse auction, e sourcing, eprocurement, strategic planning, procurement and outsourcing, [sourcing companies], [sourcing services], procurement strategy, procurement services, reverse auctioning, procurement management, electronic procurement, strategic procurement, e procurementsourcing strategies

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Published:  Sep 30, 2009
Length:  23
Type:  White Paper