Comments on: Phased Approaches for Larger Spend Analysis Projects

By: Rod True

Rod True — Fri, 22 Jan 2010 14:49:43 +0000

All the above approaches are real world examples of how some companies started Spend Analysis projects and achieved significant savings, and then involved more and more of the organization as they built upon that success. We worked with one company who took a category focus (Alternative # 3) and saved $10 million on Freight and Metals alone. This then paid for and launched Spend Analysis and sourcing across many more categories. It does not have to be all or nothing. This blog suggests a few proven ways to target savings efforts in the absence of an organizational-wide effort.

By: Carlos Ortiz

Carlos Ortiz — Fri, 22 Jan 2010 01:00:23 +0000

It is true that high level sponsorship is required for a successful spend analysis exercise. Buy you don’t mention why. And the reason is that any meaningful spend analysis project requires a titanic effort in collection, cross-referencing, cleaning and compilation of disparate sets o data. This effort almost always requires heavy investment in resources, external or internal, to accomplish a good outcome. Companies jumping into this type of exercise need to be completely involved or not at all, otherwise they will not get a rich data set to draw conclusions from.

By: Tweets that mention E-Sourcing Forum � Phased Approaches for Larger Spend Analysis Projects -- Topsy.com

Thu, 21 Jan 2010 17:45:37 +0000

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