NLPA (Next Level Purchasing Association)

MAY 8, 2024

By examining past purchases, spend analysis helps identify high spending areas, categorize suppliers, and uncover hidden costs. This data can then be used to negotiate better deals with suppliers, consolidate purchases, and streamline procurement processes. While valuable, past trends can’t always predict the future.

Real-time Visibility 52

Real-time Visibility Supplier consolidation Suppliers supply chain software solutions 52

Una

AUGUST 17, 2022

The figure’s head represents the top 1% of strategic suppliers to your organization. This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Empowering CPO

JUNE 26, 2023

Strategic Sourcing: By analyzing spending patterns, healthcare organizations can identify opportunities for strategic sourcing. This involves optimizing supplier selection, negotiating favorable contracts, and leveraging volume discounts, resulting in cost savings without compromising quality.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Empowering CPO

JUNE 22, 2023

Understanding Spend Analysis Spend Analysis is an integral part of strategic sourcing and procurement. The primary aim of this process is to decrease procurement costs, enhance efficiency, improve supplier performance, and ensure compliance. This helps in identifying spending patterns and areas for potential savings.

Sustainability 52

Sustainability Procurement Supplier consolidation Supply Chain Efficiency 52

Empowering CPO

JUNE 20, 2023

It’s a strategic pillar that underpins effective procurement and sourcing, providing an insightful lens through which organizations can view their spending patterns. Spend analysis plays a vital role in procurement and strategic sourcing.

Supplier consolidation 40

Supplier consolidation Negotiation Suppliers Spend management 40

Empowering CPO

JUNE 21, 2023

It enables businesses to track and manage their expenses more effectively, identify trends in spending, and uncover opportunities for strategic sourcing and vendor negotiation. Suppliers: These are the businesses or individuals providing goods or services to your company.

Purchase orders 52

Purchase orders Data Purchasing Suppliers 52

Planergy

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This can involve renegotiating contracts with suppliers, consolidating suppliers, standardizing processes, and streamlining operations. How to gain visibility and control of your indirect spend.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52

Una

FEBRUARY 18, 2025

Search for Cost Savings - spend analytics software can be used at the category level to identify waste, duplication, or supplier consolidation opportunities. Download Unas Complete Guide to Category Management for more insight as to how category management and strategic sourcing can benefit your organization.

Category management 40

Category management Strategy Management Procurement team 40

Supply Chain Game Changer

JANUARY 9, 2019

A well-done spend profile will reveal things like the amount of money your organization spends on each category of goods and services it purchases, the amount of money spent with each supplier, changes in spend over time, and other valuable information.

Procurement 68

Procurement Purchasing Negotiation supply chain software solutions 68

The Procuretech Podcast

OCTOBER 19, 2021

This is an e-sourcing tool, looking at some of the more tactical areas of sourcing. Whereas most e-sourcing tools tend to focus on strategic sourcing for highly complex tenders, MySupply focuses on the more straightforward sourcing requirements. Next up is Andreas Zimmermann, CEO of MySupply. Lhotse website.

Procurement 40

Procurement Negotiation Sourcing Procurement team 40

Empowering CPO

JUNE 20, 2023

Spend Analysis impacts Supply Chain Management in several significant ways: Strategic Sourcing: By providing a detailed breakdown of an organization’s spend across various suppliers, products, and services, Spend Analysis facilitates strategic sourcing decisions.

Supply chain management 40

Supply chain management Supply chain management supply chain budgeting Supply Chain Efficiency 40

Empowering CPO

JUNE 20, 2023

For instance, strategic sourcing focuses on high-value, strategic purchases but often ignores the long tail of low-value, non-strategic purchases. Tail spend analysis fills this gap by providing visibility into this neglected area and enabling strategic management of all purchases, regardless of their size.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Consolidate Suppliers Supplier consolidation and consolidating orders helps streamline delivery processes and eliminates time wasted coordinating multiple shipments for various items from different suppliers.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JUNE 27, 2023

It allows organizations to understand their spending behavior, identify opportunities for consolidation and standardization, and ensure compliance with contract terms and negotiated pricing. This enables organizations to identify top-performing suppliers, negotiate better terms, and manage supplier relationships more effectively.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Empowering CPO

JUNE 16, 2023

This comprehensive visibility into an organization’s spend data is the cornerstone of strategic sourcing and purchasing decisions. It provides insights into a company’s procurement activities, helping to make strategic decisions that can lead to significant cost reductions.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52