New report by BravoSolution

A More Holistic Approach to Spend Analysis • Spend analysis is too often a once-a-year activity – Only providing

a snapshot of current spending totals with major suppliers.

• Closed-loop spend analysis uncovers frequent and urgent benefits: • Better decision making with the most up-to-date facts• Improved procurement execution and realized savings • The ability to quantify progress at every stage in the

procurement life cycle

• Spend analysis can be the cornerstone to ongoing procurement transformation and continuous improvement.

Spend Analysis Shortcomings • Limited Data Sets – Traditional spend analysis only depends on

accounts payable, invoicing and purchase order detail.

• Process Inconsistency – Data is refreshed infrequently; users aren’t confident of the quality or results.

• Inflexible analytics – inhibits deep dives into specific categories like quality or risk

More Data, Bigger Impact• In addition to a focus on timely data, closed-looped spend analysis

extends the collection of data to include:• Supplier performance data• Procurement plans & forecasts• Commodity tracking

Extends the value proposition

• Strategic planning• SPM• Risk improvement

Widens user base

• Within procurement

• Outside – finance, marketing, logistics

Repeats waves of success

• Beyond the original opportunities identified

Three Benefits for Procurement

Increased Frequency, On Demand Results

More Frequent Data

Robust compliance

More effective supplier monitoring

Most timely reporting of savings achieved

Improved spend analysis accuracy and

quality

Closed-Loop Spend Analysis: Catalyst for Transformation

Download the full report, free of charge, at BravoSolution.com.

Contact Us

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312-373-3100

For more information on BravoSolution,the spend analysis and strategic sourcing company,

visit www.bravosolution.com