Executive Briefings

Spend Visibility: Do You Have the Correct Lenses?

Most procurement organizations utilize Excel and Access as well as their data warehouses to capture, organize, and review their total spending. This is costly: From recent interviews with 70 supply management executives, we find that those that don't utilize spend analytics have 55% on average of untapped spend, miss 10% to 15% in savings in categories that have never been examined, and miss at least 6% in savings per category currently managed. Click here for more.

Most procurement organizations utilize Excel and Access as well as their data warehouses to capture, organize, and review their total spending. This is costly: From recent interviews with 70 supply management executives, we find that those that don't utilize spend analytics have 55% on average of untapped spend, miss 10% to 15% in savings in categories that have never been examined, and miss at least 6% in savings per category currently managed. Click here for more.