Jerome Arfeli

When examining spend, it is easy for procurement professionals to feel more reactive, rather than proactive. Spend analytics enable you to move into preemptive decision making so your team can both identify and draw insights that let them make strategic decisions.  

• Identifying the necessary tools to accurately capture spend data  
• Implementing internal training to avoid bad input practices that may lead to “Garbage in, Garbage out” data problems 
• Moving beyond capturing basic spend data in the sourcing phase  
• Putting more time into insights that can enable higher level activities (i.e Supplier Relationship Management)