Spend Analysis

Building an effective procurement strategy

A comprehensive procurement strategy defines how an organization strategically manages its procureme..

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Total cost of ownership (TCO) of spend analytics

When it comes to procurement analytics, the question of whether to build it yourself or buy it from ...

Spend Analysis,

Maverick spend in procurement

Maverick spend definition:  Maverick spend is the action of purchasing from suppliers outside pre-es...

Spend Analysis, Procurement Explained,

Procurement analytics | Procurement Explained

Procurement analytics definition:  Procurement analytics is the process of using quantitative and an...

Spend Analysis, Procurement Explained,

Spend under management in procurement

Spend under management  Spend under management is the amount of spend managed by procurement out of ...

Spend Analysis, Procurement Explained,

Procurement savings | Definitions and calculation examples

The main goal of procurement is to ensure products and services are bought at the right price. Cost ...

Spend Analysis, Savings & Finance, Procurement Explained,

Spend analysis solution for procurement: build vs. buy?

Every procurement organization needs to have visibility on their spend. There are many ways to do th...

Spend Analysis,

Is 2021 the year of analytics in procurement? Highlights from Deloitte CPO Survey

Read highlights from Deloitte's latest annual Chief Procurement Officer survey. Get a pulse of the m...

Spend Analysis,

Spend analysis: why it's important | Procurement Explained

Spend analysis is the practice of analyzing procurement spend to decrease costs, increase efficiency...

Spend Analysis, Procurement Explained,

Year in Spend 2020: Procurement Benchmarks Since Covid-19 Pandemic

In this article we'll look at some of the impacts Covid-19 has had on business spending based on ano...

Spend Analysis,

Healthcare Giant Gains Global Spend Transparency with Sievo

One of the world’s leading consumer healthcare companies has achieved unprecedented spend visibility...

Spend Analysis, News & Recognition,

Superior Data Management Enables Better Spend Analysis

If you’ve enjoyed your holidays over June or July, you may have missed a flurry of quality commentar...

Spend Analysis,

Spend Analysis Demystified - Part 3: Spend Analysis

Spend Analysis Demystified is a series of articles where Sievo’s source-to-screen reveals the hidden...

Spend Analysis,

Spend Analysis Demystified - Part 2: Collaborative Classification

Spend Analysis Demystified is a series of articles where Sievo’s source-to-screen reveals the hidden...

Spend Analysis,

6 Key Learnings from 100+ Spend Cubes

During my three and a half years at Sievo, I have seen a vast number of spend cubes being created. W...

Spend Analysis,

12 Benefits of Advanced Spend Analysis

Having a robust spend analysis solution in place has become a prerequisite for running a professiona...

Spend Analysis,

Spend Analysis Demystified - Part 1: Data Extraction

Spend Analysis Demystified is a series of articles where Sievo’s source-to-screen reveals the hidden...

Spend Analysis, Data & Analytics,

Is Spend Analysis Holding You Back?

Spend analysis has been around for a long time as a tool for procurement organizations to make bette...

Spend Analysis,

The Future of Spend Management

The previous blog post on spend management described the evolution over last decade until today. In ...

Spend Analysis,

Creating Business Value from Procurement

Nowadays it is a more or less universally recognized fact that having well performing procurement op...

Spend Analysis,

Spend Analysis data quality challenge

Spend analysis aims at creating a fact based understanding on where a company spends its money: what...

Spend Analysis, Thought Leadership, Data & Analytics,

Spend Management - from Reporting to Forecasting

This article gives an overview of the paradigm shifts of spend management over the last couple decad...

Spend Analysis,
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