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How to know your customer using data

With more customer data available than ever before, teams can finally identify critical trends quickly and make smart pivots for faster growth. Learn how to apply these strategies during COVID in this blog.

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Procurement & Spend Analytics

Our Procurement & Spend analysis dashboard will quickly get you up and running and provide you with critical analytics for your organization.

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PROVIDER: INCORTA

BUSINESS FUNCTION: SUPPLY CHAIN

DATA SOURCE: MULTI-ERP


Procurement & Spend - Advanced Analytics for your ERP Data via Incorta

Our Procurement & Spend blueprint will quickly get you up and running and provide you with critical analytics for your organization. Organizations will benefit from increased visibility into the complete Procurement & Spend process, including supplier performance analysis and payables analysis. Organizations can significantly reduce costs, enhance profitability, increase customer satisfaction, and gain competitive advantage through complete end-to-end insight into the factors that impact Procurement & Spend performance.

Material is one of the top elements on which supply chain organizations spend money; in some cases, it’s the dominant element. As a result, proactively and effectively managing material spend can be a powerful lever for increasing a company’s profitability.

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QUESTIONS ANSWERED

Incorta’s Blueprint for Procurement & Spend gives supply chain leaders the real-time, top-line-to-transaction-level insight into material spend they need to efficiently grow profitability and cash flow by improving their procurement teams’ performance. Use this Blueprint to easily answer critical questions like:

  • What is the root cause of unfavorable purchase price variance (PPV)? 
  • Is my inventory carrying cost-consuming gains from favorable PPV?
  • Which suppliers have quality and delivery issues? 
  • Are there outstanding payments for these suppliers?
  • What is the off-contract spend for this quarter?
  • What are the top 10 products by indirect spend amount?

Sample Reports & Metrics

PURCHASE ORDER STATUS
  • Open POs
  • Late POs
  • Requisitions Awaiting Approval
  • Purchase Orders Awaiting Approval
  • PO Approval Cycle Time
  • PO Close Cycle Time
  • Purchase Order Details
 SPEND OVERVIEW
  • Purchase Price Variance
  • Off Contract Spend
  • Spend by Location
  • Top 10 Suppliers by Spend
  • Top 10 Cost Centers by Spend
  • Top 10 Buyers by Open PO Count
  • Buyers Load Balance
QUALITY & DELIVERY PERFORMANCE
  • Quality Defects
  • Packaging and Labeling
  • Fill Rate
  • On-Time Delivery
  • Invoice Accuracy

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