Spend Analytics in Purchasing

Data is the key raw material for successful companies in our digital age. In Purchasing, the targeted analysis of spend data generates significant added value through sustainable savings. However, pure transparency does not yet create savings, but it is the basis for optimization measures, solid preparation of negotiations and serves to control the Purchasing organization. In addition, daily updated spend data offers significant advantages in Purchasing for all companies in times of supply shortages and strong price inflation. Because "without data you are just another person with an opinion". (W. E. Deming)

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Focus topics in purchasing

Purchasing has been subject to significant changes for years. Cost pressure, the need to catch up in digitalization, a shortage of skilled workers or massive changes in the corporate environment are setting noticeably new requirements for procurement organizations. 

The Corona Pandemic has acted like a magnifying glass, making all these challenges and deficits even more readily apparent. The pressure to change is high and demands rapid change to ensure entrepreneurial competitiveness.

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