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Examples
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AMR's Mikey North Rizza says that to be fully effective spend-analysis software must aggregate the data and provide data classification, data cleansing and data enrichment, and it must perform these functions routinely.
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In this economy, what's important now is the relevancy of the reports generated by the spend analysis system, says Kirit Pandit, vice president of content strategy and spend-analysis solutions at Emptoris and author of Spend Analysis: The Window into Strategic Sourcing.
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The real strength in IBM's spend-analysis system lies with its cyclical-as opposed to linear-approach to strategic planning and sourcing.
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It has variable pricing options under $100,000 for users wishing to get started with centralized supplier management, the second step in building a spend-analysis program.www. etesius.com
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It has variable pricing options under $100,000 for users wishing to get started with centralized supplier management, the second step in building a spend-analysis program.www. etesius.com
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Alltel began its spend-analysis journey by categorizing its spend by supplier.
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The spend-analysis information also gave the PLG group leverage with suppliers.
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With the data generated by MS Market and the other tools, the procurement operation has conducted thorough spend-analysis exercises and was recognized by Purchasing in 2004 for its effort: gaining 100% visibility to the company's entire spend.
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With the spend-analysis data and an organization to manage suppliers and spend, Alltel found that it could strategically source.
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AMR's Mikey North Rizza says that to be fully effective spend-analysis software must aggregate the data and provide data classification, data cleansing and data enrichment, and it must perform these functions routinely.
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