Scrummie

The exploding popularity of automated procurement technologies has streamlined the purchasing processes of many companies- driving down cost and generating rapid return on investment. But business executives striving for true competitive advantage must look beyond the simple automation of procurement transactions to the next level of sophistication: purchasing analytics.

Purchasing analytics tools capture critical procurement data and use powerful decision support engines to discern and analyze trends. Executives can better understand their enterprise spending, accurately measure supplier performance and pinpoint opportunities to leverage spending. In essence, purchasing analytics tools enable businesses to cultivate procurement intelligence that can be used o work- and buy- smarter, serving as the foundation for strategic sourcing.

“Automated procurement technologies provide key process improvements, but they don’t help companies understand the dynamic forces that impact corporate opurchasing processes, says Terry Bartz, COO of the PurchaseSoft, which has dbeen delivering procurement services and solutions for nearly a quarter centuy, “ Our purchasing analytics tools provide executives with real-time procurement intelligence that can enable more effective decision making.

Using this intelligence, businesses can look beyond low price. Executives can analyze the spending habits of the organization and individual buyers to understand the demands side of the equation- what do we buy?, when and from whom? On the supply side organizations gain a clear view of suppliers and are positioned to assess their performance- considering quality, reliability, negotiations and relationships. By leveraging this information, PurchaseSoft clients optimize their spending and rationalize their supplier relationships and negotiating the best prices on the most important commodities with the right suppliers.