Manufacturing Industry
Spend-analysis providers meet with business intelligence specialists in software market showdown.
Manufacturing Business Technology, March, 2007
By Staff E-procurement specialist Ariba cites two challenges that concern procurement executives the most: delivering measurable results, and analyzing spend data. In a spend-analysis market crowded with competing applications, the relationship between the two may reveal which vendors are likely to win out.
For many procurement executives, spend analysis poses four core problems, the first of which is accessing data that may be spread over multiple systems at multiple locations. The second is normalizing it so that apples are counted with apples, and pears with pears; and third, analyzing it with tools powerful enough to deliver insight capable of driving dollars to the bottom line. On which note, cue the fourth problem: paying for it. ...
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