The Economic Challenges
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. This is vital in today's climate.
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. This is the standard approach used by 1st and 2nd generation spend tools - the majority of the traditional spend analysis marketpalce. Spend360 uses a powerful neural network that has been perfected to quickly analyse all data from all sources to provide accurate matches and enrichment, categorisation and qualification.
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.
Key Features
- Reliable technology: IBM technology
- Spend data extraction based on IBM technology
- Data profiling and validation
- Data cleansing and enrichment
- Supplier and item harmonisation
- Auto classification of SKU commodities to custom or industry standards using a neural network that leads the Artificial Intelligence industry unique to spend360 & IBM 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 with ease and provide spend optimisation scenarios on the fly
Your benefits
- Optimise 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 across regions and languages / currency