Spend visibility is foundational to any procurement transformation because to better manage supply, you have to manage spend. Spend is what you pay and supply is what you get, and to manage spend you have to see it. Yet too many procurement organizations work hard to put basic spend analytics in place but don’t have a broader vision, strategy and roadmap for strategic supply analytics (i.e., the analytic capabilities to support strategic supply management).
This Spend Matters article is designed to provide you such a roadmap. If you believe you need to provide supply market intelligence to your business, if you think such intelligence requires more than outsourced or pre-packaged solutions or that you’ll need your own analytics capability, then read on!
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