Spend Management Service
Profitability is the core business objective for most of the organisations. For each organisation, it is important to perform spend analysis in order to find out newer areas of cost-cutting which are yet to be realized while holding on to the past areas of saving which have already been negotiated. Spend Management involves analyzing the expenses with the objective of reducing procurement costs and improving the efficiency of any business.
GainEdge understands that integration of spend data across commodities and profit centers is a time and resource extensive exercise and can be a challenging task for enterprises. Our company aims to provide its customers with flexible and diverse solutions for transforming procurement operations to deliver substantial services. We serve our clients with feasible and comprehensive procurement consulting and outsourcing solutions. Spend visibility is yet another feature of the organisation that enables the enterprises to identify quickly the areas where spend management had been ineffective. Therefore, our services are aimed at consolidating and rationalizing Spend data for ease of analysis and informed decision making.
Spend Analysis involves the 3D approach:
1. Understanding Supplier sources
2. Rationalization of commodity codes
3. Consolidating spend across Cost centers
Our in-house software offerings to clients leverage the best in spend analysis that helps in opportunity assessment and gaining crucial visibility statistics for devising sourcing initiatives.