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.
Value Element
Capability
Benefits
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