Spend Analysis in Supply Chain Management

Spend Analysis in Supply Chain Management is a process of classifying, cleansing and analyzing the spend data. The primary objective of the spend analysis to increase profitability of the organization. Both procurement and finance are the business drivers of this exercise as Chief Procurement Officer and Chief Financial Officer get very valuable insights of their transactions and spending patterns.

An effective spend analysis can unearth potential saving areas and throw light on spend patterns. The organization can then utilize this information for better supplier management, contract negotiations and deliver savings through improved processes.

How Grihasoft can help you save more?

Grihasoft can collect, classify, cleanse your data and deliver you a meaningful insight of your spend pattern. Grihasoft has classified more than 3 million items in UNSPSC standard. An improved data quality can certainly mean less maverick spend.

SAMPLE 1
Spend vs Budget
SAMPLE 2
Spend by Vendors