M&S will provide methodology and tools to customer to analyze procurement spend to identify cost reduction opportunities through the whole supply chain management process from the identification of need for product or service up to the ultimate delivery to the end user.
Spend Analysis to Achieve Savings
M&S to share best practices with their customers for procurement spend management:
- Identify Company Needs and Goals to meet the requirements
- Identifyresultant Spend Traceability Requirements
- Comprehend Operational Spend Requirements
- Spend Assessment Identification and Segmentation of Key Commodities
- Spend Assessment to Leverage opportunity for Category Expertise
- Consistent and Continuous Spend Analysis
- Spend Analysis to assess opportunity of Supplier’ Base Optimization
- Spend Analysis to assess opportunity to develop database for continuous improvements
Procurement Spend Analytics is managed as a part of Category management to obtain not only cost savings but also optimization of the whole procurement process.
