In an effort to quickly catch up on the parts of S2P the doctor hasn’t been covering as much in the past few years, when he was focussed primarily on Analytics, Optimization, Modelling, and advanced tech in S2P (inc. RPI, ML, “AI”, etc.), he’s been paying more attention to LinkedIn. Probably too much, even though […]
That’s right, Supplier Management is a CORNED QUIP! And we’ll explain what we mean shortly, but first … how did we get here? When we started this series back in Part 1, we noted that Source-to-Pay is extensive, your organization needed all of it, but your organization couldn’t implement it all at once. So we […]
In our last installment (Part 12) of this series here on Sourcing Innovation (SI), we provided you a list of forty-plus (40+) vendors that could potentially meet your spend analysis needs and help you identify the cost savings, reduction, and avoidance opportunities you have in your organization as well as the best modules to achieve […]
As promised in our last installment (Part 11), where we outlined the baseline capabilities that are needed for a solution to qualify as a modern spend analysis solution, here are some vendors that you can consider that meet most of the requirements. Note that, where spend analysis is concerned, some companies actually use two solutions, […]
In our last post (Part 10), after reviewing the spend analysis process which, in short is: Extract the relevant data Load the data into the solution (mapping it to a starting taxonomy) Structure for the types of analyses you need to perform Analyze the data and get useful insights to Act on the insights you […]