Categorize your spend at line item level by using invoices and PO descriptions. Leverage a standard 3 level taxonomy to get the spend granularity required.
Aggregate spend at supplier parent company level. Identify potential risks in your supply chain by staying on top of what is happening.
Eliminate duplication in your Material Master reducing your inventory costs while improving spare parts and consumables availability.
Look at your spend data from a different perspective identify
key trends and behaviours that
will help shape your
strategies.