Tejari Strategic Procurement Services is committed in enabling its clients improve procurement cost efficiencies, at all levels. We support appropriate demand planning, inventory management and supply contract management processes to rationalize spend data and improve spend visibility.

What is Spend Analysis?

Spend analysis is the process of aggregating, classifying, and leveraging spend data for the purpose of reducing costs, improving operational performance, and ensuring compliance. There are five attributes of effective spending analysis data management and spending analysis programs:

• Extract - support automated extraction of all spend data from internal and external business systems.
• Validate - ensure spending data files are accurate and complete
• Cleanse and classify - enable efficient, accurate, and preferably automated rationalization and classification of data elements and attributes. Eliminate discrepancies between incongruent naming conventions and map spend data to industry-standard classification systems (e.g., UNSPSC, eCl@ss) or enterprise specific taxonomies
• Enhance - enhance cleansed spending data with complementary business Information , including existing contract terms, alternative parts references, suppliers’ financial status and performance information, minority, woman-owned business (MWOB) status, etc
• Analyze - support role-based analysis of actionable spending information. Enable export of cleansed and enhanced spending information to third-party analytical tools

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Why Spend Analysis?

• Timely access to accurate spend and compliance data is a key priority for senior executives
• Cost pressures are always top of mind for senior executives
• Documented business controls, procedures for tracking and reporting material business information, and procedures and systems
• Insight into accurate spend data will be vital for compliance to regulations
• Spend data management principles and solutions being applied to multiple business areas
• The link between spend data management and sourcing and supplier management is obvious Accurate spend data is an equally critical to other business objectives
• Spend analysis is a key for budgeting and planning process
• E-sourcing users view spends data management applications and services as key to next round of savings
• Spend data management now core component of platform and service provider offerings

Benefits

Once we consolidate & standardize your supplier records with our proprietary data, you will:

• Make efficient decision based on the most accurate, complete & consistent information on your supplier
• Get the most accurate supplier information available in the market
• Categorize spend rollup in corporate families to reduce supply costs
• Enrich your existing supplier information with International and worldwide codes to identify which commodities and services present opportunities for spend reduction
• Eliminate incomplete and inaccurate supplier data spread across multiple systems
• Minimize manual data cleansing and de-duping
• Increase your supplier diversity spend
• Cleanse and classify your current supplier database to identify certified and self-classified diverse businesses
• Enhance and update your existing supplier diversity data
• Maintain up-to-date diversity status in a consistent format
• Provide a central repository of all corporate and local outreach efforts

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Why Tejari?

• Tejari is the leading B2B Marketplace in the region
• Our Experts are talented & qualified in conducting spend analysis across different sectors and industries
• We will standardize & rationalize your entire spend data reports
• We will provide fact based recommendations that can help in future decision making

Our Services:

• Track spending patterns against contracts and budgets
• Track spending patterns by supplier
• Conduct price variance analyses
• Map and cross-reference procurement spending patterns
• Graphically depict the strengths and weaknesses in your current operations
• Recommend tools and methods that will enable you to import purchase data from transaction systems
• Optimize your supplier base

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