Is an outsource provider of procurement and supply chain solutions.
1 25. 2  Summary  Procurement Analytics is the use of data to gain insight into what has happened, and more importantly – what may happen – to better manage spend, contracts, vendors and internal customers. 1 Agenda What is Procurement Analytics 1 Why should it be used 2 How can it be implemented 3 © 2010 Accenture. 2  All rights reserved. 3  10. - 4  Growing at a terrific rate (a compound annual 60%), speeding up all the time. But what, precisely, is all that money spent on? Procurement analytics shines a spotlight into areas of expenditure that are often murkier than might be desired (and, as in the case of a steel mill that purchased too many parts for its gantry cranes, can waste resources). Read “Guide to Procurement Analytics,” Data Informed‘s introduction to the subject, including use cases, challenges relating to data quality and other implementation issues, by clicking here. “A procurement-centric flavor, to be sure, but a flavor nonetheless.”. And spend analytics, in its purest form, is precisely that—while business intelligence software packages can include within their analyses elements of data sitting well outside traditional spend analysis systems, such as supplier performance data. Procurement is big business—and produces big data. Manufacturer or bank, government agency or restaurant chain, every organization spends significant amounts of money buying products and services. A Procurement Analytics provides consolidated and up-to-date data to procurement executives to help simplify their decision making process for the procurement contracts that they are managing on a day-to-day basis. ThrivOn dashboards are completely customized to each users’ specific spend categories and procurement processes in order to provide insightful, efficient and actionable procurement performance tracking. Today's economic environment puts procurement professionals in the driver's seat when dealing with their suppliers and vendors. It is a buyer's market and that can mean up to a 30-40% savings that goes, dollar-for-dollar, to your bottom line. The volatility of today's economic environment, the increasing competitiveness of global markets, and the risks arising out of the credit crunch, make it imperative for organizations to focus on leading edge procurement strategies to maximize cost reductions. Procurement Analytics (PA), is an outsource provider of procurement and supply chain solutions. Procurement encompasses two processes which PA analyzes for clients: sourcing and purchasing. PA's platform is to transform companies, through analytical findings and discoveries, into higher performers by improving their profitability, lowering costs and improving processes. What we do for you: The volatility of today's economic environment, the increasing competitiveness of global markets, and the risks arising out of the credit crunch, make it imperative for organizations to focus on leading edge procurement strategies to maximize cost reductions. 1 Summary  Procurement Analytics is the use of data to gain insight into what has happened, and more importantly – what may happen – to better manage spend, contracts, vendors and internal customers.  2  There is now ample data, and technology that is usable by procurement staff, to gain such insights. 1 Agenda What is Procurement Analytics 1 Why should it be used 2 How can it be implemented 3 © 2010 Accenture. 2  All rights reserved. 3  10. - 4  Growing at a terrific rate (a compound annual 60%), speeding up all the time. Oracle Procurement & Spend Analytics help organizations optimize their supply side performance by integrating data from across the enterprise value chain, thereby enabling executives, managers, and frontline employees to make more informed and actionable decisions.  1 3. 2  Agenda What is Procurement Analytics 1 Why should it be used 2 How can it be implemented 3 © 2010 Accenture. 3  All rights reserved. 4  4. Overview – Analytics The process of using quantitative methods to derive actionable insights and outcomes from data. 1 Agenda What is Procurement Analytics 1 Why should it be used 2 How can it be implemented 3 © 2010 Accenture. 2  All rights reserved. 3  10. - 4  Growing at a terrific rate (a compound annual 60%), speeding up all the time. Organizations using Oracle Procurement & Spend Analytics benefit from increased visibility into corporate spend as well as the complete procure-to-pay process, with comprehensive analyses of procurement performance, supplier performance, supplier payable trends and employee expenses. Moreover, Oracle Procurement and Spend Analytics provides support for large numbers of concurrent users with native support for mobile and tablet devices, multi-terabyte data sets, and the largest enterprise implementations.
http://www.slideshare.net/rajatdhawan/use-of-analytics-in-procurement http://data-informed.com/an-introduction-to-procurement-analytics/ http://data-informed.com/guides/guide-to-procurement-analytics/ http://thrivon.com/procurement-analytics/ http://www.procurementanalytics.com/ http://www.procurementanalytics.com/ http://www.slideshare.net/rajatdhawan/use-of-analytics-in-procurement http://www.oracle.com/us/solutions/business-analytics/analytic-applications/business-role/procurement-and-spend-analytics/overview/index.html http://www.slideshare.net/rajatdhawan/use-of-analytics-in-procurement http://www.oracle.com/us/products/middleware/bus-int/064363.pdf
what is procurement analytics