Procurement Analytics

Procurement and sourcing have emerged from being means of achieving cost targets to key drivers of a sustained growth. This change has been brought about by the globalisation of supply chains, centralisation of procurement organisations, and volatility in the supply market. Procurement managers now need to effectively enhance and analyse the various internal and external data sources which help them analyse the spending and production costs, manage quality, mitigate risk, and perform effective supplier negotiations.

At Procurement Resource, we work with businesses around the world to strengthen their procurement and supply chain capabilities. Our analysts work as extensions of the clients’ teams and empower them to act more strategically and realize the highest value for the lowest total cost. We gather and study the procurement data to present a deep and significant understanding of procurement function to our clients to support them make profitable business decisions. Our aim is to provide both qualitative and quantitative interpretations of procurement expenditure that is required to run the business without any major hurdles.

Our procurement analytics services include:

• Spend Analysis
• Risk Analysis
• Savings Potential
• Cost Reduction
• Production Cost Breakup for Supplier Negotiations
• Pricing Analysis and Benchmarking
• Competitor Analysis