Spend Analysis

Optimizing organization’s spend, by effectively identifying, categorizing, visualizing and evaluating in order identify savings across the supply chain.

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Overview

SpendEdge can help visualize your organization’s spend analysis, so that your wealth of transactional spend data is effectively identified, gathered, cleansed, and evaluated in order to decrease procurement costs and increase efficiencies. By analyzing spend data, your organization will be able to make better sourcing and supplier decisions, as well as reduce cycle times and improve the bottom line by identifying savings through comprehensive visibility into all purchases. Further, spend analysis will assist in centralizing the procurement process and ensuring that spending proceeds on time and within budgets across the organization. Our team can help your organization proactively evaluate and forecast corporate spend quarter-to-quarter or year-to-year, prioritizing business necessities and avoiding unnecessary purchases.

Our on-demand team of experts can help your organization:

  • Consolidate, cleanse, and evaluate your spend data to help visualize analytics and identify savings opportunities
  • Gain transparency into corporate spend quarter-to-quarter and year-to-year
  • Monitor performance and enable better sourcing and supplier decisions
  • Prepare reports for stakeholders to assist with organizational spend for future strategic projects
  • Identify quick wins for cost savings, supplier consolidation, regional spend consolidation, eliminating maverick spend, etc.
  • Utilize our benchmarking capabilities to do a gap analysis against practices of best-in-class players
  • Develop a long-term implementation plan to facilitate efficiencies and savings across business units and products

SpendEdge is a full-service procurement market intelligence advisory firm with 16 years of experience and presence across the globe. Our team of 550+ analysts has helped procurement teams perform spend analyses in order to develop strategic approaches that result in profitable execution. Our comprehensive insights empower your procurement experts to deliver results in alignment with corporate objectives and KPIs, as well as to better understand leading-edge industry and technology trends. SpendEdge’s procurement intelligence solutions provide actionable insights to enable your organization to adopt a proactive approach to spend analysis.

Connect with one of our industry experts today to discuss your specific needs and gain a better understanding of the services provided by SpendEdge.

SPEND ANALYSIS

Disruption to supply markets during Covid-19 has impacted many SMBs and large corporations. Our Sourcing and Procurment Intelligence service is assisting clients with Covid-19 Impact Assessment.

Typical Coverage Areas and Key Questions Answered

Typical Coverage Areas
  • Spend data cleaning
  • Category classification using standard taxonomy
  • Vendor normalization
  • Spend pattern analysis
  • Category and supplier pattern analysis
  • Demand aggregation
  • Business case and procurement roMerck Groupap development.
  • Contract negotiation with current suppliers
  • e-RFI/RFPs
  • Assess and select supplier
  • Supplier contract reviews
  • Supplier Negotiation
  • Development of Recommendations on:
    • Realized cost savings from purchases
    • Supplier base consolidation
    • Process Efficiency Improvement
Key Questions Answered
  • What is the current state of spend?
  • What could be a good short/medium term spend strategy?
  • Is there a possibility of improving savings?
  • How to improve process efficiency?
  • Are the contracting practices at par with industry standards?
  • Should we consider running an RFP for new vendors? How much would it cost?

Testimonials

We appreciate your attention to detail, your prompt responses, your ability to give us updates and information.

Procurement Manager, Fortune 50 Healthcare Firm

The interim reports are very helpful to track the progress and we are impressed with the way in which the project is moving, as we had discussed on kick-off calls.

Director, Leading Chemicals Company

Very experienced project management team. Everything was delivered on time and with great quality of work.

Category Manager, Leading Metals and Mining Company

Case Studies

Identifying Major Growth Opportunities for a Multinational Beauty Products Company by Performing Opportunity Assessment

Spend Analysis: Assessing the Current Spend and Improving Supply Chain Efficiency for a Medical Devices Company

Unleashing the Benefits of Spend Management in the Telecom Industry: A SpendEdge Success Story

Featured Blog:

Four Spend Analysis Challenges Procurement Teams Should Know About

Featured Whitepaper:

Five Best Practices in Spend Analysis to Help Businesses Remain Competitive

Featured Whitepaper:

The Role of AI in Transforming Procurement Functions: Going Beyond Spend Analysis

Our Expertise

Category Market Intelligence

Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.

Supply Market Analysis

Enabling companies to achieve procurement maturity, enhanced savings and reduced risks through supply market intelligence.

Low-Cost Country Sourcing/Best Cost Country Sourcing

Empowering you to select the most optimal cost sourcing locations, by understanding prime cost advantages and the associated risks.

Benchmarking

Developing a competitive edge and winning strategy through supplier, price and procurement best practice benchmarking.

Spend Analysis

Optimizing an organization’s spend, by effectively identifying, categorizing, visualizing and evaluating in to order identify savings across the supply chain.

Cost Modeling and Should-Cost Analysis

Obtaining visibility of costs across the value chain to make informed suppliers, pricing, risks and budget-related decisions.

Total Cost of Ownership (TCO) Analysis

Estimating the true cost of doing business, including all direct and indirect costs as the foundation for price negotiations.

Supplier Risk Analysis

Leaning on timely proprietary and secondary market research to evaluate the supplier risk profile in order to mitigate risks.

Supply Chain Risk Assessment

Future-proofing operations and profitability against predictable and unpredictable surprises across the supply chain.

Sustainability Practices Assessment

Transforming businesses and procurement practices with a focus on the triple bottom line value generation: financial, environmental and social.

Commodity Price Forecasting

Activating data-driven procurement planning, assessing pricing-related risks, and supply chain disruptions due to price volatility.

Category Management

Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.

Supplier Negotiations

Positioning sourcing and procurement teams for winning negotiations with current and prospective suppliers.

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Contract Management

Increasing confidence and efficiency in contract negotiation and execution, through analysis, insights and best practices. 

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

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About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
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Press Releases and Media Mentions

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