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Actionable Spend Analysis: From Data to Savings

Source: Zycus
Having realized the savings that can be generated by managing corporate spending, many organizations are now aiming to employ and leverage spend analysis to implement sourcing and procurement strategies. Is quality data the cornerstone of successful spend analysis? Most of us would say yes, without hesitation. However, if you dig deeper, you might be in for a surprise.


Featured publications:

Product Analysis Report: IBM Cognos and SPSS Solutions
Written By: Jorge Garcia Published On: December 17 2013 Many organizations today have come to realize that using data effectively should be a key component of their business strategy. Businesses can expand and improve the information analysis capabilities gained through BI by using predictive analytics to anticipate risks and outcomes, predict trends, and discover unseen patterns in data. IBM SPSS solutions provide a complete set of predictive analytics capabilities and a flexible set of integration points with Cognos Business Intelligence. Read the report to learn more about how IBM Cognos software capabilities can be extended with the use of IBM SPSS predictive analytics capabilities. Read More...
Analyzing Big Data: The Path to Competitive Advantage
Source: Ziff Davis Big data is different from ordinary database information because of the massive volume, the variety, and the velocity. And the data mix now includes product reviews, video, blogs, tweets, and more. But the biggest current challenge may be to articulate a compelling business case for using big data. Find out how companies in various industries are finding value in the data they have already collected and making it actionable. Read More...
Realizing More Savings with Oracle Procurement Cloud
Source: QuinStreet Smarter spend management is lacking in most organizations, largely due to the tools being used to manage their procurement processes. Learn about best-of-breed functionality, combined with cloud and native connectivity, that helps businesses automate and standardize processes on both the strategic and transactional sides of procurement. Read More...


You may also be interested in these related documents:

Data Enrichment and Classification to Drive Data Reliability in Strategic Sourcing and Spend Analytics
Source: SAP Spend analytics and performance management software can deliver valuable insights into savings opportunities and risk management. But to make confident decisions and take the right actions, you need more than just software—you also need the right data. This white paper discusses a solution to help ensure that your applications process reliable data so that your spend analyses and supplier risk assessments are accurate, trustworthy, and complete. Read More...
Business Intelligence for Process Industries
Source: The Tapscott Group The IT investments that have allowed firms in process industries to increase the efficiency of their operations and supply chains have also created vast stores of data. Unfortunately, many companies are still unable redeploy that data to drive innovation. Learn how the next generation of business intelligence (BI) tools can help your company gain a competitive advantage by harnessing the information IT systems generate. Read More...
Spend Data Warehouse “On Steroids”
Source: Zycus It’s only lately that people have been questioning the value of information they’re able to garner from within “spend data” warehouses. Why can t we leverage traditional tools to give the sourcing and purchasing community what they want? To understand the limitations of traditional data-cleansing technology, and why spend data necessitates special algorithms, we need to start with the basics. Read More...

 
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