Printing and Purchasing

Posts tagged ‘Strategic Sourcing’

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The New Role of Spend Analytics

The New Role of Spend Analytics

One of the key differentiators between Strategic Sourcing and Tactical Purchasing is the decision to invest up-front in spend analytics and opportunity profiling.  This crucial planning step provides a holistic snapshot of where money was spent and the results associated with that expenditure.  Done properly Spend Analysis (SA) focuses the organization and prioritizes scarce resources towards opportunities that best meet the future needs of the business.

 

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