Spend Management Strategies
Spend management data intelligence is critical for managing supply chains. Many factors play into a successful spend management strategy and the data that drives the process; it must be accurate, it must be real time, it must be normalized and in many cases it must be global.
The proper business intelligence tools include dashboards that highlight KPI’s, metrics, trends and
predictive analytics that help identify issues before the occur. The old saying goes that you can’t
manage what you don’t measure. Executives need ways to drill down into the data to analyze trends by business division, by mode, by location, etc. It must be granular.