Spend Analytics Case Study

Spend Analytics Case Study

Background

A mid-market online marketplace company wanted us to spearhead their spent cube development from AP data and conduct an opportunity assessment to understand near-term sourcing savings.

Approach

Using key spend analysis tools, we studied the AP data for the last eighteen months and created a 4-level taxonomy. We then classified the 95% of the sp end spanning 500+ suppliers. Both the taxonomy and final spend analysis results were reviewed with the client.

Results

After completing the spend analysis, we studied the high-value contracts, extracted the metadata and through custom developed tools married contracts data with the spend information to create a sourcing pipeline. The sourcing pipeline was benchmarked for opportunities. During the process, supplier normalization was also completed.

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