Spend Analysis and Opportunity Assessment
Spend Analysis
Spend Analysis and Opportunity assessment is the process of :
-
Collecting spend data from all purchasing sources and systems
-
Cleansing the data
-
Categorizing the data, and
-
Analyzing the data
Purpose of Spend Analysis
-
Understanding and getting more insights on spending trends
-
Increased visibility and transparency across all categories of spend
-
Helping senior management and departmental budget owners give a better outlook, as to how much they are spending and where they are spending money
-
Identifying saving opportunities for Enterprise Cost Reduction
-
Implement and realize the identified savings
-
Provide a unified location to determine all spend across the organization, combining different data sources, business units across geographies
Our Unique Approach
We, at the Money Plant, help you to create a holistic procurement approach across your organization, upscale your procurement performance, provide value-for-money, by improving efficiencies and increasing leverage and providing you with various opportunities to boost procurement results.
We unlock potential cost savings opportunities for you, by optimizing the procurement practices and augmenting the spend data, with minimal disruption to the organization’s day-to-day core functioning, with quick processing time to show results and we ensure that performance is being monitored regularly.