Purchasing mapping is the only guarantee of efficient results in the short and medium term. This work is essential for a purchasing department wishing to contribute effectively to the growth of its organization.
Specifications for a Spend Analytics solution
The context and activity of the company can influence the collection of data, especially when faced with project, machine or construction purchases, or when your company is the subject of a merger-acquisition. However, we emphasize the need to devote time and energy to this stage, without which you cannot build a purchasing policy. Once the Spend Analytics has been put forward to your management, you will have greater flexibility in deploying procurement policies and you will thus be able to better manage your costs and supplier relationships.
Good preparation is therefore the basis for choosing the right Spend Analytics tool. That's why we provide a checklist of 200 checkpoints for choosing a Spend Management solution.
Example of functionalities to be analyzed that you can find in the excel tool:
- Data Extraction, Transformation & Loading
- Analytical Software — Dashboard
- Managed services — Expenditure visibility
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