Comments on: Data-driven Spend Analysis = More Capabilities and Savings Opportunities, at Less Cost http://www.esourcingforum.com/archives/2009/09/16/data-driven-spend-analysis-more-capabilities-and-savings-opportunities-at-less-cost/ The source of information and best practices in strategic sourcing. Fri, 13 Aug 2010 15:09:47 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Rod True http://www.esourcingforum.com/archives/2009/09/16/data-driven-spend-analysis-more-capabilities-and-savings-opportunities-at-less-cost/comment-page-1/#comment-11492 Rod True Thu, 17 Sep 2009 16:02:44 +0000 http://www.esourcingforum.com/?p=33482#comment-11492 Great question, and one which is addressed by an open process to involve customers in workshops to specifically partition data into business specific sourcing categories and performance measurement benchmarks. As our customers can now collect and integrate more data than ever before, the corresponding reporting and analytics provides exponential data relationship and analysis capabilities, as well as "smarter" reporting for sourcing scenarios and program measurements. The rising cost scenario above, and the corresponding data, can now be easily isolated and specifically tracked via a dashboard or report for that purpose. This deeper visibility and focus is all made possible and effective by the data driven architecture, which serves as a cost effective way to render more business intelligence. Rod True Great question, and one which is addressed by an open process to involve customers in workshops to specifically partition data into business specific sourcing categories and performance measurement benchmarks. As our customers can now collect and integrate more data than ever before, the corresponding reporting and analytics provides exponential data relationship and analysis capabilities, as well as “smarter” reporting for sourcing scenarios and program measurements. The rising cost scenario above, and the corresponding data, can now be easily isolated and specifically tracked via a dashboard or report for that purpose. This deeper visibility and focus is all made possible and effective by the data driven architecture, which serves as a cost effective way to render more business intelligence. Rod True

]]> By: Lee J Tarricone http://www.esourcingforum.com/archives/2009/09/16/data-driven-spend-analysis-more-capabilities-and-savings-opportunities-at-less-cost/comment-page-1/#comment-11491 Lee J Tarricone Thu, 17 Sep 2009 14:24:04 +0000 http://www.esourcingforum.com/?p=33482#comment-11491 Very persuasive, but what about focus? How do customers know that they're looking at data which is appropriate for their particular analysis? For instance, suppose costs on a long-term project are rising. The cause of the rising costs, to be sure, lurks in the data. But how does data-driven architecture deliver data if an analyst isn't quite sure what s/he is looking for? Very persuasive, but what about focus? How do customers know that they’re looking at data which is appropriate for their particular analysis?

For instance, suppose costs on a long-term project are rising. The cause of the rising costs, to be sure, lurks in the data. But how does data-driven architecture deliver data if an analyst isn’t quite sure what s/he is looking for?

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