November 18, 2018, 5:58 am

Spend Analysis

A Spend Analysis not only identifies what is being spent and with which suppliers, it also provides details on frequency of purchases, lead times and variation in suppliers that will enable supply professionals to make informed decisions on the most appropriate source, price and inventory levels required. This important analysis will have an enormous impact on cost reduction for materials and supply activities, and enhance service levels to end users.

Assetivity can assist you with what is traditionally one of the most difficult tasks associated with effective Spend Analysis - extracting the relevant spend data from the ERP system and alternative sources, then cleansing and classifying the data to provide a meaningful output for review.

We can also assist you to analyse the resulting output. The data revealed about spend cycles in the spend analysis can have a dramatic effect on inventory management practices and the levels of inventory held on a site.

Once spend reduction opportunities are identified then we work with our clients to identify, and implement, spend reduction initiatives that are in line with management objectives and corporate strategies.

Some of the resulting improvement initiatives could include:

  • Identification of opportunities for volume buying leverage
  • Refinement of budgeting and planning processes
  • Improved management of supplier performance
  • Supplier rationalisation
  • Support for strategic sourcing projects

Contact us now to speak to an expert consultant.

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