May 17, 2013 - Half Day Seminar

SPEND ANALYTICS
with Bill McBeath

Date:                      Friday, May 17, 2013
Location:               APS Learning Center, 400 E. Van Buren, Phoenix 85004
Cost:                       Members - $120     Non-members - $220
Time:                      8 a.m. to 12 noon (Registration starts at 7:30 a.m.)
CEU's:                     4 points will be given the day of the seminar

To register click here.

OVERVIEW
 

Ever since the invention of money, people have had a need to know "what am I spending my money on?" It turns out that the ability to answer that question really well (in the right ways) can make a business much more competitive. As organizations increasingly automate their sourcing and procurement and cross-enterprise processes, it generates enormous amounts of detailed electronic data. This opens up huge opportunities for using analytics to improve an enterprise's performance.  Challenges abound in doing this, but technologies, practices, and services have come a long way in recent years.

This seminar is designed to help your organization assess its readiness, find out the different ways spend analytic tools are being used, understand the spend analysis process and available tools, and learn from what others have done.  What we will cover:

• Organizational ReadinessWhat systems and processes must be in place to support a spend analytics program, including the various types and sources of data, data cleanliness disciplines, tools, and organizational dynamics. How an organization's maturity informs their ability and strategy to conduct analytics.
• Sourcing and Procurement Spend AnalyticsUsing analytics to realize savings and intelligently spend to meet corporate objectives beyond cost reduction. Spend consolidation, contract compliance, sourcing event design.
• Supplier AnalyticsUsing spend analytics tools for supplier rationalization, diversity, performance, and risk management.
• Cross-functional AnalyticsUsing spend analytics tools for parts management, product management, budgeting and forecasting, fraud detection, sales analysis.
• Performance ManagementUsing spend analytics tools for buyer and procurement performance and benchmarking.
• The Spend Analytics ProcessPlanning, Loading and Cleansing Data, Analysis, Implementing Improvements
• Spend Analytics ToolsA review of systems and tools available.
• Case StudiesExamples of spend analytic projects and lessons learned.

To register click here.