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OAS - Procurement Effectiveness

Moving from tactical purchasing to strategic procurement

Organizations increasingly recognize that procurement can be a strategic value driver for the business. But how do you move from a culture of tactical purchasing, where the emphasis is on processing transactions, to a strategic approach to procurement focusing on the creation of value through sourcing, category management and the development of partnerships with suppliers?

Oniqua Analytics Solution provides powerful tools to help you on this journey. Prebuilt analytics, supporting best practice procurement methodologies, allow procurement professionals to spend more time negotiating contracts and managing relationships and less time collecting data.

 

Procurement Effectiveness Chart

 

Value ElementCapabilityBenefits
Category Analysis
  • Classifies procurement categories by total spend & procurement difficulty
  • Defines optimal supplier management strategies
  • Spend classification & analysis
  • Greater spend visibility
  • Reduced procurement risk
  • Improved supplier competition
  • Identify sourcing opportunities
Contract Performance Analysis
  • Measure contract performance
  • Identifies spend consolidation opportunities
  • Increased contract compliance
  • Identified discount opportunities
  • Increased spend consolidation
Pricing Analytics
  • Intelligent price analysis
  • Provides visibility of price trends
  • Compares price changes price driver patterns
  • Achieve greater visibility of price trends
  • Opportunities for price reduction identified
  • Price escalations contained
Spend Classification
  • Analyzes spend patterns across all procurement categories
  • Performs category portfolio analysis
  • Gain invaluable insights into spend patterns
  • Identify optimal spend by category