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Spend analysis is designed to allow optimization of future sourcing decisions and cost reductions by commodity or supplier. Further, the solution can support the customized views and multi-attribute presentation of data by supplier, part, time or organization.
Key capabilities of the i2 solution for spend analysis can include:
- An aggregated, normalized view of enterprise-wide spend and/or demand
information and visibility of purchased items and materials to better leverage
spend
- Ability to identify and develop strategic supplier relationships, including
supplier allocation analysis, new/alternate supplier identification, supplier
performance evaluation, and supplier risk analysis
- Company-wide procurement rationalization at an individual-item level
- Visibility and control over subcontractor spend, demand, and contract compliance
Benefits of the i2 solution for spend analysis can include:
- Improved knowledge of supplier spend and part cost information before sending parts out for bid
- Ability to aggregate overall spend for a specific supplier over multiple
commodities
- Ability to rationalize supply base, based on the analysis of commodity-specific spend information
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