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The Chief Financial Officer (CFO) and the Chief Procurement Officer (CPO) share a common goal - improving the bottom line, but the approach that each take to achieve it, and as importantly, the language that each use differ greatly. While the average CFO is keenly aware of the strides the procurement department has taken in recent years to make itself more strategic to the enterprise, less than 20% view procurement's impact on overall competitiveness as very positive. The broad procurement transformation, that began a decade ago and has been chronicled by Aberdeen, still has a long way to go...
 Read More |  The CFO's View of Procurement-2007 (535 KB)
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While enterprises are clearly able to recognize and communicate the benefits of utilizing spend analysis technology, they have not yet bridged the gap to action. Sixty percent of organizations currently rely on manual tools to collect and analyze spend data, resulting in limited spend visibility and the inability to improve cost savings...
Read More | Spend Analysis benchmark study-2007 (486 KB)
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From Data to Savings
Spend Analysis is all about good data quality, Right? Most of us would say yes without blinking an eyelid, but
If we dig deeper and ask a few spend analysis practitioners, who have managed to get a hold on their spend
data quality, we might get surprised. There is more to spend analysis than just good quality data. A
successful spend analysis implementation should enable commodity managers to discover and realize savings.
Read More | Actionable spend-analysis (268 KB)
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As corporate procurement organizations are charged with securing products and services of the best quality and the lowest possible cost, their enterprises are counting on them to be much more than just “order takers.” To accomplish that, procurement organizations must develop capabilities in spend intelligence. This takes spend analysis a step further, allowing the enterprise to take what it knows from the spend data it has gathered and use it to act on forward-thinking initiatives. In other words, spend intelligence provides actionable information...
Read More | Spend Intelligence benchmark report-2006 (535 KB)
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Spend data is a crucial determinant of the success or failure of Enterprise Spend Management efforts. A true realization of Enterprise Spend Management vision requires a sound foundation of Spend Data Management across the enterprise. Leveraging “Zycus Spend Data Management™” enterprises can now benefit from faster and greater ROI from their Enterprise Spend Management applications like Ariba Analysis, Ariba Buyer, SAP EBP and others. Case in point is a leading Fortune 100 ranking chemical giant that selected Zycus automated “Spend Data Management” software to integrate with its existing Ariba stack to deliver higher savings and foster increased user confidence in their applications.
Read More | Spend Management (213 KB)
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The concept of Spend Data Warehouse grabs center stage. Large organizations recognize the need to build a robust Spend Data Management infrastructure that allows powerful spend analysis, along with efficient tracking and monitoring of Purchasing KPI’s on an ongoing basis...
Read More | Spend Data Warehouse Whitepaper (330 KB)
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The case for supply management is straightforward: spending with external suppliers is the single greatest expense for most enterprises. Supplier relationships also directly impact an enterprise's product quality and overall responsiveness and competitiveness in the market...
Read More | Aberdeen White Paper (1217 KB)
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Read More | Secrets of Success White Paper (210 KB)
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