Spend Analysis: Why Are You Still Waiting?

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elctrnx_lyf
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Supply Network Guru
Area for Improvment
elctrnx_lyf   3/28/2012 6:10:25 AM
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This is always an area where the compnies need lot of improvment. Cost cutting in products is a direct profit for the company without any extra marketing. But at the same time the companies has spend the money and need diligiant resources to do this.

Hospice_Houngbo
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Hospice_Houngbo   3/27/2012 11:35:43 AM
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@TIOLUWA:

"are there specific products and professionals who offer these services?"

As Paul said, the process may be difficult and challenging. But I think that this should (can) be done within the company's premises. Why do you think it should be entrusted to professionals outside the company?

TIOLUWA
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TIOLUWA   3/27/2012 9:17:40 AM
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Great eye opener, i think it just goes to show that for anything that must be done well, great detail is always a necessity.

 

are there specific products and professionals who offer these services?

prabhakar_deosthali
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Supply Network Guru
It is a must for a cost-conscious organization
prabhakar_deosthali   3/26/2012 10:25:42 AM
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This is a very important aspect of the supply chain management. For a cost effective supply chain the company must know its total cost of procurement and not just the cost as the BOM.  frequent emergency procurements or express purchases cost a huge cost which many times gets hidden and justified in the name of keeping the assembly line running. But what use it has if it is indirectly eating into the profits.

To be able to get the correct picture , a company needs special data anlytics software packages which go beyound the conventional ERP systems and can dig out some amazingly useful information.

 

 

 



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