Companies insisting on sticking to outdated procurement methods, which lack data-driven insights and visibility in their supply chain, have a higher risk of overspending and operating an ineffective supply chain.
Discover how the Alteryx Procurement Analytics solution can assist your organization in enhancing procurement process visibility, reducing spending, and mitigating risks in the supply chain.
Measuring Procurement Contribution
Assessing the impact of procurement on the bottom line and overall profitability is a challenge.
Cost of Goods Sold Control
Controlling raw material costs is crucial, involving factors such as timing, product quality, and supplier relationships.
Tool Limitations
Procurement managers face limitations with tools like spreadsheets and spend-analysis software, struggling to extract valuable insights from relevant data sources.
Expanded Analytical Scope
Enable procurement managers to move beyond traditional spend analysis, encompassing areas like cost modeling, supplier risk/performance, and market intelligence.
Comprehensive Data Integration
By collecting data from diverse sources, procurement managers create a holistic view of material procurement, aiding in cost control and supply chain risk mitigation.
Long-Term Value
Identify cost-saving opportunities, opening new markets, and optimizing supply chain processes through predictive analytics tools.
Efficiency Gains
Assess vendor quality and maximize your spend.
Customer Experience
Ensure end product meets demand and serves customers’ needs.
Risk Reduction
Make confident procurement decisions to minimize costs while meeting demand in a constantly disrupted supply chain.
Connect with SIFT Analytics
As organisations strive to meet the demands of the digital era, SIFT remains steadfast in its commitment to delivering transformative solutions. To explore digital transformation possibilities or learn more about SIFT’s pioneering work, contact the team for a complimentary consultation. Visit the website at www.sift-ag.com for additional information.
About SIFT Analytics
Get a glimpse into the future of business with SIFT Analytics, where smarter data analytics driven by smarter software solution is key. With our end-to-end solution framework backed by active intelligence, we strive towards providing clear, immediate and actionable insights for your organisation.
Headquartered in Singapore since 1999, with over 500 corporate clients, in the region, SIFT Analytics is your trusted partner in delivering reliable enterprise solutions, paired with best-of-breed technology throughout your business analytics journey. Together with our experienced teams, we will journey. Together with you to integrate and govern your data, to predict future outcomes and optimise decisions, and to achieve the next generation of efficiency and innovation.
Published by SIFT Analytics
SIFT Marketing Team
marketing@sift-ag.com
+65 6295 0112
SIFT Analytics Group
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