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SCANMARKET

Spend analysis

True picture of your spend

Enterprise-wide visibility and spend analysis are critical to achieving long term value in strategic sourcing. Unfortunately, many sourcing executives are constrained by dispersed, unclassified data across too many disparate systems to facilitate good decision-making and drive bottom-line improvements.

Scanmarket's Spend Analysis solution can help gather spend data from various company systems into a single repository. It is then cleansed, normalized, enriched and classified to provide a true picture of your spend across categories, vendors, business units and more. Scanmarket’s Spend Analysis module provides access to a reporting application able to “slice and dice” spend and provide critical decision support for your procurement initiatives.

A MODULE FOR EVERY NEED

See video about spend analysis

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spend analysis

Key Benefits

Single view into your spend across geographies, categories, ERP’s, business units and more

95% confidence levels on reported spend through rigorous three-phase QA process

Identify opportunities for savings through sourcing activities, spend aggregation, supplier consolidation, payment terms and purchase-price variances

Monitor compliance and identify rogue spending

Demand aggregation opportunities

Savings through PPV (Purchase Price Variance) and sourcing opportunity identification

Get all the details

If you would like to explore this module more, please download the data sheet here.

Download data sheet
A MODULE FOR EVERY NEED

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RESOURCES

Related Content

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Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress

Here is the headline of the latest blog entry

Expand

Situation

  1. The buyer wanted to go out to the market to consider a new Recruitment and Temporary Labour Agent.
  2. The business was not really unsatisfied with the incumbent provider, but wanted to consider alternative solutions that could include additional services as well as lower costs.
  3. Spend £1,200,000 a year for several sites across the United Kingdom.
  4. Contract had not been renegotiated for years.

Solution

  1. A structured Request for Proposal (eRFP) process was initiated.
  2. Stakeholder requirements added to the eRFP - suppliers were asked how they would handle things like Management Reporting, Quality Systems, Online booking etc.
  3. Documents like purchasing terms & conditions, Service Level Agreement, Ordering & Management processes etc. uploaded to the eRFP.
  4. 50+ suppliers invited.
  5. To participate suppliers had to accept an NDA in order to be allowed access to the eRFP.
  6. Suppliers were given 2 weeks to complete their response Built-in Question & Answer process to handle all queries.

Result

  1. About 20 suppliers could not meet the requirements so were excluded from the process
  2. 29 suppliers were capable of handling the contract
  3. Price indications showed a very tight competition and it was decided to proceed to an eAuction negotiation prior to award of contract
Compress