Premier Spend Analyses Services at Hedgehog
Spend analysis manifests itself in the forms of spend visibility and spend categorization. Spend visibility enables increased visibility into enterprise wide spending. With an exhaustive spend visibility the organization management gets to know precisely who buys what from whom. Such visibility unravels all projects costings and any contract price violations. Our goal is to achieve 100% visibility that warrants reduction in any and all maverick spending apart from helping the management plan better deals for the future. Simply put, spend categorization develops a commodity structure unique to each organization. A commodity structure categorizes spend activities of the organization in a logical structure thus facilitating sourcing activities. Our sourcing experts can procure data from sources such as Legacy ERP system, physical invoices and other such data sources to form a specific commodity structure to suit your spend data.
Through our spend analysis services, organizations can –
• Identify sourceable v/s non sourceable spend sources
• Have spend visibility all the way down to PO line item detail
• Understand spend patterns, key suppliers and degree of aggregation
• Forecast and extrapolate spend patterns in the future
• Manage the spend data into a comprehensible arrangement
• Reduce maverick spending
• Make better and informed decisions in the future
“Our final objective, in our spend analysis services, is to achieve 100% visibility throughout the supplier chains among the enterprises. Our spend analysis first procures your spend data from all the available sources and then categorize them into a comprehensive commodity structure unique to your organization. Such analyses will help you rationalize your spending and consequently control maverick spending at the links. Our other professional services and e procurement solutions can also help you solve today’s complex supply chain challenges and the subsequent problems posed by them”, said Mr. Parimit Parmar, a spokesperson for Hedgehog.
For more information, please visit:- www.hedgehog.com
A commodity structure categorizes spend activities of the organization in a logical structure thus facilitating sourcing activities.
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